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Global Agricultural Tractors Market , by Engine Power (Less than 40 Hp, 41 To 100 Hp, More Than 100 Hp), Regional Forecasts 2021-2027

  • BIZ4412111
  • 200 Pages
  • May 2021
  • Food and Beverages
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Global Agricultural Tractors Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2021-2027. The agricultural tractor is a power-driven vehicle its tractive power is determined by engineering functions. It is designed for a variety of agricultural chores, including ploughing, tilling, disking, harrowing, planting, and spraying/pesticide treatments, as well as hauling or pushing agricultural gear or trailers. As a result, tractors are now referred to as farm vehicles as they provide the necessary power and traction to automate agricultural operations. The agricultural tractors market is driving by Government support for mechanization in agriculture, as farming technologies have advanced dramatically as a result of shifting industrial trends that have led to the creation of more sophisticated agricultural machinery. For instance, AGCO built a new plant in Mexico in May 2018 to extend its activities in the country. The first phase of the development of this new plant in Mexico invested USD 10 million. Sales of agricultural tractor machinery are being driven by increased farm consolidation, a big production base, and increased government support through subsidies. Furthermore, shortage of skilled labour and increasing labour cost drive the market further. For instance, According to the World Bank database, the agriculture industry employed 1.5 percent of the total workforce in the United States in 2019, up from 1.4 percent in 2016. Furthermore, between 2014 and 2019, the average hourly real wage for non-supervisory employed farmworkers increased by 17.4 percent, from USD 12.07 to USD 14.17, increasing demand for agricultural tractors. However, Taxes and tariffs on import of agricultural machinery, may impede market growth over the forecast period of 2021-2027.

Geographically, APAC is dominating the Agricultural Tractor market and also expected to develop at the highest pace during the forecast period. this is attributed to increasing demand for tractors in countries, such as China and India. In India, tractors play an important role in increasing the country’s agricultural output. China has started focusing on the deployment of driverless tractors using automated farm technology. Due to the deployment of its first autonomous tractor in 2017, YTO Group Corporation plans mass manufacture on a demand basis.

Major market player included in this report are:

Deere & Company

Tractors and Farm Equipment Limited

AGCO Corporation

CLAAS KGaA mbH

CNH Industrial N.V.

International Tractors Limited

Mahindra & Mahindra Ltd.

YANMAR CO., LTD.

KUBOTA Corporation

Escorts 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 Engine Power:

Less than 40 Hp

41 to 100 Hp

More than 100 Hp

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

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global Agricultural 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

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Agricultural Tractor Market , by Region, 2019-2027 (USD Billion)

1.2.2. Agricultural Tractor Market, by Engine Power, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Agricultural Tractor 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 Agricultural Tractor Market Dynamics

3.1. Agricultural Tractor Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Government support for mechanisation in agriculture

3.1.1.2. Shortage of skilled labour and increasing labour cost

3.1.2. Market Restraint

3.1.2.1. Unaffordability for small and marginal farmers

3.1.2.2. Taxes and tariffs on import of agricultural machinery

3.1.3. Market Opportunities

3.1.3.1. Technological advancement

Chapter 4. Global Agricultural Tractor 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 (2018-2027)

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

Chapter 5. Global Agricultural Tractor Market , by Engine Power

5.1. Market Snapshot

5.2. Global Agricultural Tractor Market by Engine Power, Performance - Potential Analysis

5.3. Global Agricultural Tractor Market Estimates & Forecasts by Engine Power 2018-2027 (USD Billion)

5.4. Agricultural Tractor Market , Sub Segment Analysis

5.4.1. Less than 40 Hp

5.4.2. 41 to 100 Hp

5.4.3. More than 100 Hp

Chapter 6. Global Agricultural Tractor Market , Regional Analysis

6.1. Agricultural Tractor Market , Regional Market Snapshot

6.2. North America Agricultural Tractor Market

6.2.1. U.S. Agricultural Tractor Market

6.2.1.1. Engine Power breakdown estimates & forecasts, 2018-2027

6.2.2. Canada Agricultural Tractor Market

6.3. Europe Agricultural Tractor Market Snapshot

6.3.1. U.K. Agricultural Tractor Market

6.3.2. Germany Agricultural Tractor Market

6.3.3. France Agricultural Tractor Market

6.3.4. Spain Agricultural Tractor Market

6.3.5. Italy Agricultural Tractor Market

6.3.6. Rest of Europe Agricultural Tractor Market

6.4. Asia-Pacific Agricultural Tractor Market Snapshot

6.4.1. China Agricultural Tractor Market

6.4.2. India Agricultural Tractor Market

6.4.3. Japan Agricultural Tractor Market

6.4.4. Australia Agricultural Tractor Market

6.4.5. South Korea Agricultural Tractor Market

6.4.6. Rest of Asia Pacific Agricultural Tractor Market

6.5. Latin America Agricultural Tractor Market Snapshot

6.5.1. Brazil Agricultural Tractor Market

6.5.2. Mexico Agricultural Tractor Market

6.6. Rest of The World Agricultural Tractor Market

Chapter 7. Competitive Intelligence

7.1. Top Market Strategies

7.2. Company Profiles

7.2.1. Deere & Company

7.2.1.1. Key Information

7.2.1.2. Overview

7.2.1.3. Financial (Subject to Data Availability)

7.2.1.4. Product Summary

7.2.1.5. Recent Developments

7.2.2. Tractors and Farm Equipment Limited

7.2.3. AGCO Corporation

7.2.4. CLAAS KGaA mbH

7.2.5. CNH Industrial N.V.

7.2.6. International Tractors Limited

7.2.7. Mahindra & Mahindra Ltd.

7.2.8. YANMAR CO., LTD.

7.2.9. KUBOTA Corporation

7.2.10. Escorts Limited

Chapter 8. Research Process

8.1. Research Process

8.1.1. Data Mining

8.1.2. Analysis

8.1.3. Market Estimation

8.1.4. Validation

8.1.5. Publishing

8.2. Research Attributes

8.3. Research Assumption

List of Tables

TABLE 1. Global Agricultural Tractor Market , report scope

TABLE 2. Global Agricultural Tractor Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 3. Global Agricultural Tractor Market estimates & forecasts by Engine power 2018-2027 (USD Billion)

TABLE 4. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 5. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 6. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 7. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global Agricultural Tractor Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global Agricultural Tractor Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. U.S. Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. U.S. Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 22. U.S. Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 23. Canada Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. Canada Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. Canada Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. UK Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. UK Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. UK Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. Germany Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. Germany Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. Germany Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. France Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 33. France Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. France Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. Spain Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 36. Spain Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. Spain Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Italy Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 39. Italy Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Italy Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. ROE Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 42. ROE Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. ROE Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. China Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 45. China Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. China Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. India Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 48. India Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. India Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. Japan Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 51. Japan Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. Japan Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Australia Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 54. Australia Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Australia Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. South Korea Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 57. South Korea Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. South Korea Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 59. ROPAC Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 60. ROPAC Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. ROPAC Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 62. Brazil Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 63. Brazil Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. Brazil Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 65. Mexico Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 66. Mexico Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Mexico Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 68. ROLA Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 69. ROLA Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. ROLA Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 71. ROW Agricultural Tractor Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 72. ROW Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROW Agricultural Tractor Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 74. List of secondary sources used in the study of global Agricultural Tractor Market .

TABLE 75. List of primary sources used in the study of global Agricultural Tractor Market .

TABLE 76. Years considered for the study.

TABLE 77. Exchange rates considered.

 
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