Market Overview:
The global forestry and agricultural tractor 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 agriculture sector. Based on type, the global forestry and agricultural tractor market is segmented into four categories: by drive type (4WD, 2WD), by power (below 10 kW, 10-30 kW, 30-50 kW), by application (agricultural tractors, forestry tractors), and by region (North America, Latin America Europe Asia Pacific Middle East & Africa). Among these segments 4WD segment is projected to witness highest growth rate during forecast period due its ability of handling difficult terrains with ease.
Product Definition:
Forestry and Agricultural Tractor is a machine that is used for pulling or pushing heavy objects. It is also used for hauling materials.
By Drive Type:
By drive type, we mean the different power sources used to propel the vehicle. The agricultural tractor market is driven by fuel-driven and electric tractors. The global demand for these vehicles has witnessed a significant rise in recent years owing to increasing mechanization of farming across the globe.
The major factors driving this industry are technological advancements, rising food demand globally and focus on high crop productivity per unit area which can be achieved with modern techniques such as precision agriculture using GPS technology.
4WD:
4WD is a form of drive train that uses all four wheels to transmit power to the driven vehicle. It's major use in forestry and agricultural tractor market is for carrying heavy loads at low speed over difficult terrain. 4WD can also be used on roads, but it requires careful driving as it increases chances of rollover.
Application Insights:
The application segment includes agricultural and forestry. In 2017, the agricultural tractors accounted for a major share in the global market and are expected to continue their dominance over the forecast period. The rising population coupled with increasing demand for food crops is anticipated to drive this segment over the forecast period.
The demand for wood products is also likely to propel industry growth during this period as forests have now become an important part of economies across all regions of the world including Europe, North America, Asia Pacific etc. Growing urbanization has led people to rediscover nature¢â‚¬â„¢s beauty through outdoor activities such as hiking etc., which will further boost product demand in near future years (2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization, urbanization, and agricultural modernization. Moreover, increasing government initiatives for promoting tractor sales in rural areas are anticipated to propel industry growth over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to high demand from countries such as Russia and Germany that heavily rely on agriculture activities for their economic survival. However, sluggish growth rates experienced by tractors used primarily for forestry applications may hamper regional market development during the forecast period.
The North America market is projected to witness considerable gains due to rising awareness regarding tractor use among farmers as well as foresters who have started adopting these vehicles owing to their superior performance compared with other conventional equipment such as mules and horses used traditionally up until now.
Growth Factors:
- Increasing demand for food owing to the growing population
- Rising disposable income of consumers in developing countries
- Technological advancements in agricultural tractor industry
- Government initiatives to promote the use of agricultural tractors
- Growing awareness about the benefits of using agricultural tractors
Scope Of The Report
Report Attributes
Report Details
Report Title
Forestry and Agricultural Tractor Market Research Report
By Type
By Drive Type, 4WD, 2WD, By Power, Below 10 KW, 10-30 KW, 30-50KW, Above 50 KW
By Application
Agricultural, Forestry
By Companies
Deere, New Holland, Kubota, Mahindra, Kioti, CHALLENGER, Claas, CASEIH, JCB, AgriArgo, Same Deutz-Fahr, V.S.T Tillers, BCS, Zetor, Tractors and Farm Equipment Limited, Indofarm Tractors, Sonalika International, YTO Group, LOVOL, Zoomlion, Shifeng, Dongfeng Farm, Wuzheng, Jinma, Balwan Tractors (Force Motors Ltd.)
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Forestry and Agricultural Tractor Market Report Segments:
The global Forestry and Agricultural Tractor market is segmented on the basis of:
Types
By Drive Type, 4WD, 2WD, By Power, Below 10 KW, 10-30 KW, 30-50KW, Above 50 KW
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
Agricultural, Forestry
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:
- Deere
- New Holland
- Kubota
- Mahindra
- Kioti
- CHALLENGER
- Claas
- CASEIH
- JCB
- AgriArgo
- Same Deutz-Fahr
- V.S.T Tillers
- BCS
- Zetor
- Tractors and Farm Equipment Limited
- Indofarm Tractors
- Sonalika International
- YTO Group
- LOVOL
- Zoomlion
- Shifeng
- Dongfeng Farm
- Wuzheng
- Jinma
- Balwan Tractors (Force Motors Ltd.)
Highlights of The Forestry and Agricultural Tractor 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:
- By Drive Type
- 4WD
- 2WD
- By Power
- Below 10 KW
- 10-30 KW
- 30-50KW
- Above 50 KW
- By Application:
- Agricultural
- Forestry
- 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 Forestry and Agricultural Tractor 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?
Forestry and agricultural tractor are machines used to move trees, plants, and other farm equipment.
Some of the major companies in the forestry and agricultural tractor market are Deere, New Holland, Kubota, Mahindra, Kioti, CHALLENGER, Claas, CASEIH, JCB, AgriArgo, Same Deutz-Fahr, V.S.T Tillers, BCS, Zetor, Tractors and Farm Equipment Limited, Indofarm Tractors, Sonalika International, YTO Group, LOVOL, Zoomlion, Shifeng, Dongfeng Farm, Wuzheng, Jinma, Balwan Tractors (Force Motors Ltd.).
The forestry and agricultural tractor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forestry and Agricultural Tractor 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. Forestry and Agricultural Tractor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forestry and Agricultural Tractor Market - Supply Chain
4.5. Global Forestry and Agricultural Tractor Market Forecast
4.5.1. Forestry and Agricultural Tractor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forestry and Agricultural Tractor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forestry and Agricultural Tractor Market Absolute $ Opportunity
5. Global Forestry and Agricultural Tractor 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. Forestry and Agricultural Tractor Market Size and Volume Forecast by Type
5.3.1. By Drive Type
5.3.2. 4WD
5.3.3. 2WD
5.3.4. By Power
5.3.5. Below 10 KW
5.3.6. 10-30 KW
5.3.7. 30-50KW
5.3.8. Above 50 KW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forestry and Agricultural Tractor 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. Forestry and Agricultural Tractor Market Size and Volume Forecast by Application
6.3.1. Agricultural
6.3.2. Forestry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forestry and Agricultural Tractor 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. Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor 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. Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor Demand Share Forecast, 2019-2029
9. North America Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor Market Size and Volume Forecast by Application
9.4.1. Agricultural
9.4.2. Forestry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forestry and Agricultural Tractor Market Size and Volume Forecast by Type
9.7.1. By Drive Type
9.7.2. 4WD
9.7.3. 2WD
9.7.4. By Power
9.7.5. Below 10 KW
9.7.6. 10-30 KW
9.7.7. 30-50KW
9.7.8. Above 50 KW
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 Forestry and Agricultural Tractor Demand Share Forecast, 2019-2029
10. Latin America Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor Market Size and Volume Forecast by Application
10.4.1. Agricultural
10.4.2. Forestry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forestry and Agricultural Tractor Market Size and Volume Forecast by Type
10.7.1. By Drive Type
10.7.2. 4WD
10.7.3. 2WD
10.7.4. By Power
10.7.5. Below 10 KW
10.7.6. 10-30 KW
10.7.7. 30-50KW
10.7.8. Above 50 KW
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 Forestry and Agricultural Tractor Demand Share Forecast, 2019-2029
11. Europe Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor Market Size and Volume Forecast by Application
11.4.1. Agricultural
11.4.2. Forestry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forestry and Agricultural Tractor Market Size and Volume Forecast by Type
11.7.1. By Drive Type
11.7.2. 4WD
11.7.3. 2WD
11.7.4. By ower
11.7.5. Below 10 KW
11.7.6. 10-30 KW
11.7.7. 30-50KW
11.7.8. Above 50 KW
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 Forestry and Agricultural Tractor Demand Share, 2019-2029
12. Asia Pacific Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor Market Size and Volume Forecast by Application
12.4.1. Agricultural
12.4.2. Forestry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forestry and Agricultural Tractor Market Size and Volume Forecast by Type
12.7.1. By Drive Type
12.7.2. 4WD
12.7.3. 2WD
12.7.4. By Power
12.7.5. Below 10 KW
12.7.6. 10-30 KW
12.7.7. 30-50KW
12.7.8. Above 50 KW
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 Forestry and Agricultural Tractor Demand Share, 2019-2029
13. Middle East & Africa Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor 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 Forestry and Agricultural Tractor Market Size and Volume Forecast by Application
13.4.1. Agricultural
13.4.2. Forestry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forestry and Agricultural Tractor Market Size and Volume Forecast by Type
13.7.1. By Drive Type
13.7.2. 4WD
13.7.3. 2WD
13.7.4. By Power
13.7.5. Below 10 KW
13.7.6. 10-30 KW
13.7.7. 30-50KW
13.7.8. Above 50 KW
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 Forestry and Agricultural Tractor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Forestry and Agricultural Tractor Market: Market Share Analysis
14.2. Forestry and Agricultural Tractor Distributors and Customers
14.3. Forestry and Agricultural Tractor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Deere
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. New Holland
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kubota
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mahindra
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kioti
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CHALLENGER
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Claas
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CASEIH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JCB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AgriArgo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Same Deutz-Fahr
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. V.S.T Tillers
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BCS
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zetor
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tractors and Farm Equipment Limited
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Indofarm Tractors
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sonalika International
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. YTO Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. LOVOL
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Zoomlion
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
