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Tractor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global tractor market is expected to exhibit a CAGR of 4.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A tractor refers to a specifically engineered vehicle designed for providing high torque at a slow speed. Tractors are mainly used in the agriculture sector for plowing, tilling, harrowing, disking, and planting. Apart from this, they are also used for load carriage, earthmoving, and building activities in the construction industry. Some of the key factors driving the global demand for tractors include rising labour costs, increasing consumption of plant-based food products, rising rural incomes, government incentives, seasonal labour shortages, etc.

Tractor Market Trends:

The introduction of precision farming along with the rising adoption of farm mechanization to increase productivity is also bolstering the demand for tractors. The tractor market is further being driven by the rising number of farm training programs promoting the use of agricultural machinery on a large scale. Additionally, governments across several developing countries are also providing subsidies and financial assistance to facilitate the automation of various agricultural processes. Apart from this, the rising number of building and construction projects is also augmenting the demand for tractors in the construction sector. Furthermore, various technological advancements have led to the emergence of advanced tractors with pre-installed GPS and telematics devices. The growing popularity of automated commercial vehicles along with the high penetration of wireless connectivity for remote monitoring is also expected to drive the global tractor market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global tractor market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on power output, drive type and application.

Breakup by Power Output:

  • Below 40 HP
  • 40 HP - 100 HP
  • Above 100 HP
     

Breakup by Drive Type:

  • 2-Wheel Drive
  • 4-Wheel Drive
     

Breakup by Application:

  • Agriculture
  • Construction
  • Mining
  • Forestry
  • Others


Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Agco Corporation, Argo Tractors S.p.A, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CLAAS KGaA mbH, CNH Industrial N.V. , Deere & Company, Escorts Limited, Kubota Corporation, Mahindra & Mahindra Ltd. (Mahindra Group), Sonalika Group, Tractors And Farm Equipment Limited (Amalgamations Group), and Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Power Output, Drive Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agco Corporation, Argo Tractors S.p.A, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CLAAS KGaA mbH, CNH Industrial N.V. , Deere & Company, Escorts Limited, Kubota Corporation, Mahindra & Mahindra Ltd. (Mahindra Group), Sonalika Group, Tractors And Farm Equipment Limited (Amalgamations Group), and Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global tractor market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global tractor market?
  • What is the breakup of the market based on the power output?
  • What is the breakup of the market based on the drive type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global tractor market and who are the key players?
  • What is the degree of competition in the market?

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Tractor Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Power Output 
    6.1    Below 40 HP
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    40 HP - 100 HP
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Above 100 HP
        6.3.1 Market Trends
        6.3.2 Market Forecast 
7   Market Breakup by Drive Type
    7.1    2-Wheel Drive
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    4-Wheel Drive
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    Agriculture
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Construction
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Mining
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Forestry
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
    11.1    Overview
    11.2    Research & Development
    11.3    Raw Materials/Components Suppliers
    11.4    Manufacturers
    11.5    Distributors
    11.6    Exporters
    11.7    End-Users
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Agco Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Argo Tractors S.p.A
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
        14.3.3    Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    CLAAS KGaA mbH
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
        14.3.5    CNH Industrial N.V. 
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
           14.3.5.3 Financials
        14.3.6    Deere & Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Escorts Limited
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials
        14.3.8    Kubota Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Mahindra & Mahindra Ltd. (Mahindra Group)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials
        14.3.10    Sonalika Group
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
        14.3.11    Tractors and Farm Equipment Ltd. (Amalgamations Group)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
        14.3.12    Yanmar Co. Ltd. (Yanmar Holdings Co., Ltd.)
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio 
        
List of Figures

Figure 1: Global: Tractor Market: Major Drivers and Challenges
Figure 2: Global: Tractor Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Tractor Market: Breakup by Power Output (in %), 2021
Figure 4: Global: Tractor Market: Breakup by Drive Type (in %), 2021
Figure 5: Global: Tractor Market: Breakup by Application (in %), 2021
Figure 6: Global: Tractor Market: Breakup by Region (in %), 2021
Figure 7: Global: Tractor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Tractor (Below 40 HP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Tractor (Below 40 HP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Tractor (40 HP - 100 HP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Tractor (40 HP - 100 HP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Tractor (Above 100 HP) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Tractor (Above 100 HP) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Tractor (2-Wheel Drive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Tractor (2-Wheel Drive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Tractor (4-Wheel Drive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Tractor (4-Wheel Drive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Tractor (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Tractor (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Tractor (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Tractor (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Tractor (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Tractor (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Tractor (Forestry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Tractor (Forestry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Tractor (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Tractor (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia Pacific: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia Pacific: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Tractor Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Tractor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Tractor Industry: SWOT Analysis
Figure 77: Global: Tractor Industry: Value Chain Analysis
Figure 78: Global: Tractor Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Tractor Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Tractor Market Forecast: Breakup by Power Output (in Million US$), 2022-2027
Table 3: Global: Tractor Market Forecast: Breakup by Drive Type (in Million US$), 2022-2027
Table 4: Global: Tractor Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Tractor Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Tractor Market: Competitive Structure
Table 7: Global: Tractor Market: Key Players


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