Industry Analysis

CRI Report: electric farm tractor is projected to reach $218.9 million by 2026

The global electric farm tractor is projected to reach $218.9 million by 2026, reveals the premium market intelligence study by Our Research Team. The study also highlights that the market is set to witness a CAGR of 11.1% during the period 2021-2026.

Electric farm tractors come with a wide range of benefits over diesel-powered tractors. These tractors offer better efficiency over diesel tractors, and emissions caused by diesel tractors will also be completed eliminated with better adoption of electric farm tractors by farmers. Electric farm tractors also have better torque output than diesel tractors as a motor is running the vehicle, which makes it easier to pull heavy agricultural implements on the field.

USP of the Report

• The report covers product, application, and regional market estimations for the electric farm tractor market.
• Extensive competitive benchmarking of the top 15 players (including OEMs and equipment providers) has been done to offer a holistic view of the global electric farm tractor market landscape.

According to Rakhi Tanwar, Principal Analyst, Our Research Team, “The electric farm tractor market is expected to be a great replacement over diesel-powered tractors. Through a better adoption of these tractors, agricultural productivity and efficiency can be boosted, and agricultural revenue generation for farmers can be maximized.”

Key Companies Operating in the Market

Some of the key players operating in the market include Alke, Cummins Inc., Deere & Company, Escorts Limited, Fendt, Kubota Corporation, Motivo Engineering, Solectrac, Inc., Sonalika, Monarch Tractor, Yanmar Holdings Co., Ltd., AutoNxt Automation Pvt. Ltd., Cellestial, Ztractor, and EcoFactor.

Key Questions Answered in the Report

• What is the estimated global electric farm tractor size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to the global electric farm tractor market?
• What are the major restraints inhibiting the growth of the global electric farm tractor market?
• What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?
• What is the competitive strength of the key players in the electric farm tractor market based on an analysis of their recent developments, product offerings, and regional presence?
• What is the competitive benchmarking of the key electric farm tractor companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue is each segment expected to record during the forecast period, along with the growth percentage? The segments are as follows:
– Product, including battery type (lithium-ion, lead-acid, and others) and driveline technology (hybrid electric, plug-in hybrid vehicle, and battery electric).
– Application, including light duty, medium-duty, and heavy-duty.
– Region, including North America, the U.K., Europe, Asia-Pacific and Japan, China, the Middle East and Africa, and South America
• What is the type of players and stakeholders operating in the market ecosystem of an electric farm tractor, and what is their significance in the global market?
Buy the report: Electric Farm Tractor Market – A Global and Regional Analysis: Focus on Application, Product and Country-Wise Analysis – Analysis and Forecast, 2020-2026

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