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Market Research Report
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1073863

Global Tractors Market Size study, by Horsepower (Below 40 HP, 40 HP - 100 HP and Above 100 HP), by Drive Type (Two-wheel Drive and Four-wheel Drive/All-wheel Drive) and Regional Forecasts 2022-2028

Published: | Bizwit Research & Consulting LLP | Delivery time: 2-3 business days

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Global Tractors Market Size study, by Horsepower (Below 40 HP, 40 HP - 100 HP and Above 100 HP), by Drive Type (Two-wheel Drive and Four-wheel Drive/All-wheel Drive) and Regional Forecasts 2022-2028
Published: April 30, 2022
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Global Tractors Market is valued at approximately USD 70.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.8 % over the forecast period 2022-2028. Tractors are used in applications such as agriculture, construction and logistics to move attached implements such as rotavators and harvesters. Government support for farm mechanization, growing construction activities and new product launches are fueling growth in the tractor market. For instance, in 2020, government of the United Kingdom announced funding of USD 35.36 million for productivity-boosting farming equipment under the Countryside Productivity Small Grants (CPSG) scheme. Under the scheme, farmers have the option to apply for grants between USD 4243 and USD 16975 to buy new and innovative equipment for value addition and improvement of machinery such as tractors in their farms. Additionally, in February 2021, Tractors and Farm Equipment Limited (TAFE), unveiled the Dynatrack series of tractors, that is equipped with DynaLIFT® hydraulics system and VersaTECH™ technology. Furthermore, growing farm labor shortages and technological advancements in tractors are expected to inject growth into the global tractor market. As per the World Bank, employment in agriculture (% of total employment) globally, dwindled from 27.8% in 2017 to 26.7% by 2019. However, high cost of tractors which made it unaffordable for small and marginal farmers is expected to restrain growth in coming years.

The geographical regions considered for the Global Tractors Market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is leading the global market in terms of revenue and is also expected to grow significantly during the forecast period owing to government support for agriculture industry and consistent growth of the agriculture sector.

Major market players included in this report are:

Deere and Company

Kubota Corporation

Mahindra Tractors

CNH Industrial

AGCO Corporation

Escorts Limited

Tractors and Farm Equipment Ltd

Sonalika International Tractors Limited

HMT Limited

Force Motors Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Horsepower:

Below 40 HP

40 HP - 100 HP

Above 100 HP

By Drive Type:

Two-wheel Drive

Four-wheel Drive/All-wheel Drive

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Tractors Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
    • 1.2.1. Tractors Market, by Region, 2020-2028 (USD Billion)
    • 1.2.2. Tractors Market, by Horsepower, 2020-2028 (USD Billion)
    • 1.2.3. Tractors Market, by Drive Type, 2020-2028 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Tractors Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Tractors Market Dynamics

  • 3.1. Tractors Market Impact Analysis (2020-2028)
    • 3.1.1. Market Drivers
      • 3.1.1.1. New product launch
      • 3.1.1.2. Government support for farm mechanization
    • 3.1.2. Market Challenges
      • 3.1.2.1. High cost
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Technological advancements
      • 3.1.3.2. Growing farm labour shortage

Chapter 4. Global Tractors Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2019-2028)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion
  • 4.5. Top investment opportunity
  • 4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

    • 5.1.1. Assessment of the overall impact of COVID-19 on the industry
    • 5.1.2. Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Tractors Market, by Horsepower

  • 6.1. Market Snapshot
  • 6.2. Global Tractors Market by Horsepower, Performance - Potential Analysis
  • 6.3. Global Tractors Market Estimates & Forecasts by Horsepower, 2019-2028 (USD Billion)
  • 6.4. Tractors Market, Sub Segment Analysis
    • 6.4.1. Below 40 HP
    • 6.4.2. 40 HP - 100 HP
    • 6.4.3. Above 100 HP

Chapter 7. Global Tractors Market, by Drive Type

  • 7.1. Market Snapshot
  • 7.2. Global Tractors Market by Drive Type, Performance - Potential Analysis
  • 7.3. Global Tractors Market Estimates & Forecasts by Drive Type, 2019-2028 (USD Billion)
  • 7.4. Tractors Market, Sub Segment Analysis
    • 7.4.1. Two-wheel Drive
    • 7.4.2. Four-wheel Drive/All-wheel Drive

Chapter 8. Global Tractors Market, Regional Analysis

  • 8.1. Tractors Market, Regional Market Snapshot
  • 8.2. North America Tractors Market
    • 8.2.1. U.S. Tractors Market
      • 8.2.1.1. Horsepower breakdown estimates & forecasts, 2019-2028
      • 8.2.1.2. Drive Type breakdown estimates & forecasts, 2019-2028
    • 8.2.2. Canada Tractors Market
  • 8.3. Europe Tractors Market Snapshot
    • 8.3.1. U.K. Tractors Market
    • 8.3.2. Germany Tractors Market
    • 8.3.3. France Tractors Market
    • 8.3.4. Spain Tractors Market
    • 8.3.5. Italy Tractors Market
    • 8.3.6. Rest of Europe Tractors Market
  • 8.4. Asia-Pacific Tractors Market Snapshot
    • 8.4.1. China Tractors Market
    • 8.4.2. India Tractors Market
    • 8.4.3. Japan Tractors Market
    • 8.4.4. Australia Tractors Market
    • 8.4.5. South Korea Tractors Market
    • 8.4.6. Rest of Asia Pacific Tractors Market
  • 8.5. Latin America Tractors Market Snapshot
    • 8.5.1. Brazil Tractors Market
    • 8.5.2. Mexico Tractors Market
  • 8.6. Rest of The World Tractors Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. Deere and Company
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Kubota Corporation
    • 9.2.3. Mahindra Tractors
    • 9.2.4. CNH Industrial
    • 9.2.5. AGCO Corporation
    • 9.2.6. Escorts Limited
    • 9.2.7. Tractors and Farm Equipment Ltd
    • 9.2.8. Sonalika International Tractors Limited
    • 9.2.9. HMT Limited
    • 9.2.10. Force Motors Limited

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Tractors Market, report scope
  • TABLE 2. Global Tractors Market estimates & forecasts by Region 2019-2028 (USD Billion)
  • TABLE 3. Global Tractors Market estimates & forecasts by Horsepower 2019-2028 (USD Billion)
  • TABLE 4. Global Tractors Market estimates & forecasts by Drive Type 2019-2028 (USD Billion)
  • TABLE 5. Global Tractors Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 6. Global Tractors Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 7. Global Tractors Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 8. Global Tractors Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 9. Global Tractors Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 10. Global Tractors Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 11. Global Tractors Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 12. Global Tractors Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 13. Global Tractors Market by segment, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 14. Global Tractors Market by region, estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 15. U.S. Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 16. U.S. Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 17. U.S. Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 18. Canada Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 19. Canada Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 20. Canada Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 21. UK Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 22. UK Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 23. UK Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 24. Germany Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 25. Germany Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 26. Germany Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 27. RoE Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 28. RoE Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 29. RoE Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 30. China Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 31. China Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 32. China Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 33. India Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 34. India Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 35. India Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 36. Japan Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 37. Japan Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 38. Japan Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 39. RoAPAC Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 40. RoAPAC Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 41. RoAPAC Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 42. Brazil Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 43. Brazil Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 44. Brazil Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 45. Mexico Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 46. Mexico Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 47. Mexico Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 48. RoLA Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 49. RoLA Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 50. RoLA Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 51. Row Tractors Market estimates & forecasts, 2019-2028 (USD Billion)
  • TABLE 52. Row Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 53. Row Tractors Market estimates & forecasts by segment 2019-2028 (USD Billion)
  • TABLE 54. List of secondary sources, used in the study of global Tractors Market
  • TABLE 55. List of primary sources, used in the study of global Tractors Market
  • TABLE 56. Years considered for the study
  • TABLE 57. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Tractors Market, research methodology
  • FIG 2. Global Tractors Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Tractors Market, key trends 2021
  • FIG 5. Global Tractors Market, growth prospects 2022-2028
  • FIG 6. Global Tractors Market, porters 5 force model
  • FIG 7. Global Tractors Market, pest analysis
  • FIG 8. Global Tractors Market, value chain analysis
  • FIG 9. Global Tractors Market by segment, 2019 & 2028 (USD Billion)
  • FIG 10. Global Tractors Market by segment, 2019 & 2028 (USD Billion)
  • FIG 11. Global Tractors Market by segment, 2019 & 2028 (USD Billion)
  • FIG 12. Global Tractors Market by segment, 2019 & 2028 (USD Billion)
  • FIG 13. Global Tractors Market by segment, 2019 & 2028 (USD Billion)
  • FIG 14. Global Tractors Market, regional snapshot 2019 & 2028
  • FIG 15. North America Tractors Market 2019 & 2028 (USD Billion)
  • FIG 16. Europe Tractors Market 2019 & 2028 (USD Billion)
  • FIG 17. Asia pacific Tractors Market 2019 & 2028 (USD Billion)
  • FIG 18. Latin America Tractors Market 2019 & 2028 (USD Billion)
  • FIG 19. Global Tractors Market, company market share analysis (2021)