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Farm tractor is an engineering vehicle specifically designed to deliver at a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction. Most commonly, the term is used to describe a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, but nowadays a great variety of tasks. Agricultural implements may be towed behind or mounted on the tractor, and the tractor may also provide a source of power if the implement is mechanized.
According to our (Global Info Research) latest study, the global Farm Tractors market size was valued at USD 10950 million in 2022 and is forecast to a readjusted size of USD 17110 million by 2029 with a CAGR of 6.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In EMEA (Europe, Middle East and Africa), Farm Tractors key players include CNH Industrial, Deere, AGCO Corporation, etc. Global top three manufacturers hold a share nearly 40%.
Europe is the largest market, with a share about 65%, followed by Middle East, and Africa, both have a share about 35 percent.
In terms of product, Wheel Tractor is the largest segment, with a share over 90%. And in terms of application, the largest application is Plowing and Cultivating, followed by Harvesting, Planting and Fertilizing, Spraying and Others, etc.
This report is a detailed and comprehensive analysis for global Farm Tractors market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Farm Tractors market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029
Global Farm Tractors market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029
Global Farm Tractors market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (USD/Unit), 2018-2029
Global Farm Tractors market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Farm Tractors
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Farm Tractors market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include CNH Industrial, Deere, AGCO Corporation, Same Deutz-Fahr and Claas, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Farm Tractors market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Wheel Tractor
- Crawler Tractor
Market segment by Application
- Harvesting
- Haying
- Planting and Fertilizing
- Plowing and Cultivating
- Spraying
- Others
Major players covered
- CNH Industrial
- Deere
- AGCO Corporation
- Same Deutz-Fahr
- Claas
- Kubota
- Agri Argo
- JCB
- ITMCO
- MTZ (Minsk)
- Mahindra
- China YTO
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Farm Tractors product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Farm Tractors, with price, sales, revenue and global market share of Farm Tractors from 2018 to 2023.
Chapter 3, the Farm Tractors competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Farm Tractors breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Farm Tractors market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Farm Tractors.
Chapter 14 and 15, to describe Farm Tractors sales channel, distributors, customers, research findings and conclusion.