Market Overview:
The global farm tractors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for food owing to the growing population, rising disposable income, and technological advancements in farm tractors. Based on type, the global farm tractors market is segmented into wheel tractor and crawler tractor. Wheel tractor dominates the market with a share of more than 80%. This can be attributed to its low cost and easy maneuverability. Crawler tractor is expected to grow at a higher CAGR during the forecast period as it offers better traction and stability on uneven surfaces when compared with wheel tractors. Based on application, harvesting accounts for majority of the share in terms of revenue followed by haying, planting & fertilizing, plowing & cultivating, spraying & others segments respectively.
Product Definition:
Farm tractors are agricultural machines that are used for pulling or pushing farming equipment, such as plows or harvesters.
Wheel Tractor:
Wheels tractors are primarily used for agricultural purposes. They have the ability to carry heavy loads over smooth and uneven surfaces. The wheel tractor is a self-propelled machine that consists of a large wheelset at the rear end, which provides stability while moving the farm produce from one place to another. It is generally used for plowing fields, transporting crops or livestock from one location to another and similar other farming activities across various farms globally.
Crawler Tractor:
Crawler tractor is a motorized chassis that has wheels and is used to move materials in agriculture fields. It was initially designed for use by the coal mines to remove debris from the underground mining areas. Crawler tractors are also known as dragline or excavator farm tractors, since they are used for general farm labor work as well as light construction tasks.
The global crawler tractor market size was valued at USD 3,15,000 thousand in 2016.
Application Insights:
The harvesting application segment accounted for the largest revenue share of over 40% in 2017. The segment is expected to witness significant growth on account of increasing demand for crop harvesting machinery in emerging economies, such as China, India and Brazil. Furthermore, the rising trend of off-farm employment is likely to augment market growth over the forecast period.
Planting & fertilizing was one of the prominent applications witnessed considerable demand from North America and Europe regions due to high population density and need for improved agriculture production across these regions. In addition, favorable government policies related to increased mechanization in farming activities are anticipated drive industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global farm tractors market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for agricultural equipment from developing countries such as China and India. Furthermore, rising awareness regarding tractor usage is anticipated to fuel regional product demand during the forecast period.
The Asia Pacific was followed by Europe, which accounted for a share of more than 20% in terms of revenue in 2017 due to high demand from countries including Russia and Germany. The presence of major manufacturers coupled with increased focus on research & development activities are likely to boost product sales across this region over the next eight years.
Growth Factors:
- Increasing demand for food owing to population growth
- Rising disposable income of consumers in developing countries
- Technological advancements in farm tractors that improve efficiency and productivity
- Government initiatives to promote the use of modern agricultural equipment
- Growing awareness about the benefits of using farm tractors among farmers
Scope Of The Report
Report Attributes
Report Details
Report Title
Farm Tractors Market Research Report
By Type
Wheel Tractor, Crawler Tractor
By Application
Harvesting, Haying, Planting & Fertilizing, Plowing & Cultivating, Spraying & Others
By Companies
CNH Industrial, Deere, AGCO Corporation, Same Deutz-Fahr, Claas, Kubota, Agri Argo, JCB, ITMCO, MTZ (Minsk), Mahindra, China YTO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Farm Tractors Market Report Segments:
The global Farm Tractors market is segmented on the basis of:
Types
Wheel Tractor, Crawler Tractor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Harvesting, Haying, Planting & Fertilizing, Plowing & Cultivating, Spraying & Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CNH Industrial
- Deere
- AGCO Corporation
- Same Deutz-Fahr
- Claas
- Kubota
- Agri Argo
- JCB
- ITMCO
- MTZ (Minsk)
- Mahindra
- China YTO
Highlights of The Farm Tractors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wheel Tractor
- Crawler Tractor
- By Application:
- Harvesting
- Haying
- Planting & Fertilizing
- Plowing & Cultivating
- Spraying & Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Farm Tractors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Farm tractors are large, heavy machines used to move crops and other farm produce. They typically have a wide variety of attachments that allow them to do different tasks on the farm, such as plowing, harrowing, and planting.
Some of the key players operating in the farm tractors market are CNH Industrial, Deere, AGCO Corporation, Same Deutz-Fahr, Claas, Kubota, Agri Argo, JCB, ITMCO, MTZ (Minsk), Mahindra, China YTO.
The farm tractors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Farm Tractors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Farm Tractors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Farm Tractors Market - Supply Chain
4.5. Global Farm Tractors Market Forecast
4.5.1. Farm Tractors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Farm Tractors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Farm Tractors Market Absolute $ Opportunity
5. Global Farm Tractors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Farm Tractors Market Size and Volume Forecast by Type
5.3.1. Wheel Tractor
5.3.2. Crawler Tractor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Farm Tractors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Farm Tractors Market Size and Volume Forecast by Application
6.3.1. Harvesting
6.3.2. Haying
6.3.3. Planting & Fertilizing
6.3.4. Plowing & Cultivating
6.3.5. Spraying & Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Farm Tractors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Farm Tractors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Farm Tractors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Farm Tractors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Farm Tractors Demand Share Forecast, 2019-2026
9. North America Farm Tractors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Farm Tractors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Farm Tractors Market Size and Volume Forecast by Application
9.4.1. Harvesting
9.4.2. Haying
9.4.3. Planting & Fertilizing
9.4.4. Plowing & Cultivating
9.4.5. Spraying & Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Farm Tractors Market Size and Volume Forecast by Type
9.7.1. Wheel Tractor
9.7.2. Crawler Tractor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Farm Tractors Demand Share Forecast, 2019-2026
10. Latin America Farm Tractors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Farm Tractors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Farm Tractors Market Size and Volume Forecast by Application
10.4.1. Harvesting
10.4.2. Haying
10.4.3. Planting & Fertilizing
10.4.4. Plowing & Cultivating
10.4.5. Spraying & Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Farm Tractors Market Size and Volume Forecast by Type
10.7.1. Wheel Tractor
10.7.2. Crawler Tractor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Farm Tractors Demand Share Forecast, 2019-2026
11. Europe Farm Tractors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Farm Tractors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Farm Tractors Market Size and Volume Forecast by Application
11.4.1. Harvesting
11.4.2. Haying
11.4.3. Planting & Fertilizing
11.4.4. Plowing & Cultivating
11.4.5. Spraying & Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Farm Tractors Market Size and Volume Forecast by Type
11.7.1. Wheel Tractor
11.7.2. Crawler Tractor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Farm Tractors Demand Share, 2019-2026
12. Asia Pacific Farm Tractors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Farm Tractors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Farm Tractors Market Size and Volume Forecast by Application
12.4.1. Harvesting
12.4.2. Haying
12.4.3. Planting & Fertilizing
12.4.4. Plowing & Cultivating
12.4.5. Spraying & Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Farm Tractors Market Size and Volume Forecast by Type
12.7.1. Wheel Tractor
12.7.2. Crawler Tractor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Farm Tractors Demand Share, 2019-2026
13. Middle East & Africa Farm Tractors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Farm Tractors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Farm Tractors Market Size and Volume Forecast by Application
13.4.1. Harvesting
13.4.2. Haying
13.4.3. Planting & Fertilizing
13.4.4. Plowing & Cultivating
13.4.5. Spraying & Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Farm Tractors Market Size and Volume Forecast by Type
13.7.1. Wheel Tractor
13.7.2. Crawler Tractor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Farm Tractors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Farm Tractors Market: Market Share Analysis
14.2. Farm Tractors Distributors and Customers
14.3. Farm Tractors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CNH Industrial
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Deere
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. AGCO Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Same Deutz-Fahr
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Claas
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kubota
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Agri Argo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JCB
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ITMCO
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MTZ (Minsk)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mahindra
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. China YTO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
