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Electric Tractor Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

  • Report

  • 300 Pages
  • January 2024
  • Region: Global
  • Infinium Global Research
  • ID: 5626161
Description Jump to:
The report on the global electric tractor market provides qualitative and quantitative analysis for the period from 2021-2030. The global electric tractor market was valued at USD 149.16 million in 2022 and is expected to reach USD 434.15 million in 2030, with a CAGR of 14.29% during the forecast period 2023-2030. The study on electric tractor market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on electric tractor market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global electric tractor market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global electric tractor market over the period of 2021-2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

  • Growing environmental concerns and the push for sustainable agriculture are driving the demand for electric tractors.
  • Intensifying competition among manufacturers to produce efficient, high-performance electric tractors is fostering innovation and driving market growth.

2) Restraints

  • High upfront costs and limited charging infrastructure pose challenges to the widespread adoption of electric tractors.

3) Opportunities

  • Government incentives, technological advancements, and increasing awareness present opportunities for the growth of the electric tractor market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global electric tractor market is segmented on the basis of battery type, drivetrain technology, type, and application.

The Global Electric Tractor Market by Battery Type

  • Lead-acid Battery
  • Lithium-ion Battery
  • Others

The Global Electric Tractor Market by Drivetrain Technology

  • Battery Electric Tractor
  • Hybrid Electric Tractor
  • Plug-in Hybrid Electric Tractor

The Global Electric Tractor Market by Type

  • Heavy-duty Tractor
  • Medium-duty Tractor
  • Light-duty Tractor

The Global Electric Tractor Market by Application

  • Tillage
  • Seed Sowing
  • Harvesting
  • Others

Company Profiles

The companies covered in the report include

  • Deere & Company
  • Ideanomics, Inc.
  • Sonalika
  • Motivo Engineering
  • Monarch Tractor
  • Cellestial
  • AGCO GmbH
  • KUBOTA Corporation
  • SOLECTRAC
  • Alke

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the electric tractor market.
2. Complete coverage of all the segments in the electric tractor market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global electric tractor market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Electric Tractor Market Highlights
2.2. Electric Tractor Market Projection
2.3. Electric Tractor Market Regional Highlights
Chapter 3. Global Electric Tractor Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.4.1. Growth Matrix Analysis by Battery Type
3.4.2. Growth Matrix Analysis by Drivetrain Technology
3.4.3. Growth Matrix Analysis by Type
3.4.4. Growth Matrix Analysis by Application
3.4.5. Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Electric Tractor Market
Chapter 4. Electric Tractor Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Electric Tractor Market
5.2. Companies Profiles
5.2.1. Deere & Company
5.2.2. Ideanomics, Inc.
5.2.3. Sonalika
5.2.4. Motivo Engineering
5.2.5. Monarch Tractor
5.2.6. Cellestial
5.2.7. AGCO GmbH
5.2.8. KUBOTA Corporation
5.2.9. SOLECTRAC
5.2.10. Alke
Chapter 6. Global Electric Tractor Market by Battery Type
6.1. Lead-acid Battery
6.2. Lithium-ion Battery
6.3. Others
Chapter 7. Global Electric Tractor Market by Drivetrain Technology
7.1. Battery Electric Tractor
7.2. Hybrid Electric Tractor
7.3. Plug-in Hybrid Electric Tractor
Chapter 8. Global Electric Tractor Market by Type
8.1. Heavy-duty Tractor
8.2. Medium-duty Tractor
8.3. Light-duty Tractor
Chapter 9. Global Electric Tractor Market by Application
9.1. Tillage
9.2. Seed Sowing
9.3. Harvesting
9.4. Others
Chapter 10. Global Electric Tractor Market by Region 2023-2030
10.1. North America
10.1.1. North America Electric Tractor Market by Battery Type
10.1.2. North America Electric Tractor Market by Drivetrain Technology
10.1.3. North America Electric Tractor Market by Type
10.1.4. North America Electric Tractor Market by Application
10.1.5. North America Electric Tractor Market by Country
10.1.5.1. The U.S. Electric Tractor Market
10.1.5.1.1. The U.S. Electric Tractor Market by Battery Type
10.1.5.1.2. The U.S. Electric Tractor Market by Drivetrain Technology
10.1.5.1.3. The U.S. Electric Tractor Market by Type
10.1.5.1.4. The U.S. Electric Tractor Market by Application
10.1.5.2. Canada Electric Tractor Market
10.1.5.2.1. Canada Electric Tractor Market by Battery Type
10.1.5.2.2. Canada Electric Tractor Market by Drivetrain Technology
10.1.5.2.3. Canada Electric Tractor Market by Type
10.1.5.2.4. Canada Electric Tractor Market by Application
10.1.5.3. Mexico Electric Tractor Market
10.1.5.3.1. Mexico Electric Tractor Market by Battery Type
10.1.5.3.2. Mexico Electric Tractor Market by Drivetrain Technology
10.1.5.3.3. Mexico Electric Tractor Market by Type
10.1.5.3.4. Mexico Electric Tractor Market by Application
10.2. Europe
10.2.1. Europe Electric Tractor Market by Battery Type
10.2.2. Europe Electric Tractor Market by Drivetrain Technology
10.2.3. Europe Electric Tractor Market by Type
10.2.4. Europe Electric Tractor Market by Application
10.2.5. Europe Electric Tractor Market by Country
10.2.5.1. Germany Electric Tractor Market
10.2.5.1.1. Germany Electric Tractor Market by Battery Type
10.2.5.1.2. Germany Electric Tractor Market by Drivetrain Technology
10.2.5.1.3. Germany Electric Tractor Market by Type
10.2.5.1.4. Germany Electric Tractor Market by Application
10.2.5.2. United Kingdom Electric Tractor Market
10.2.5.2.1. United Kingdom Electric Tractor Market by Battery Type
10.2.5.2.2. United Kingdom Electric Tractor Market by Drivetrain Technology
10.2.5.2.3. United Kingdom Electric Tractor Market by Type
10.2.5.2.4. United Kingdom Electric Tractor Market by Application
10.2.5.3. France Electric Tractor Market
10.2.5.3.1. France Electric Tractor Market by Battery Type
10.2.5.3.2. France Electric Tractor Market by Drivetrain Technology
10.2.5.3.3. France Electric Tractor Market by Type
10.2.5.3.4. France Electric Tractor Market by Application
10.2.5.4. Italy Electric Tractor Market
10.2.5.4.1. Italy Electric Tractor Market by Battery Type
10.2.5.4.2. Italy Electric Tractor Market by Drivetrain Technology
10.2.5.4.3. Italy Electric Tractor Market by Type
10.2.5.4.4. Italy Electric Tractor Market by Application
10.2.5.5. Rest of Europe Electric Tractor Market
10.2.5.5.1. Rest of Europe Electric Tractor Market by Battery Type
10.2.5.5.2. Rest of Europe Electric Tractor Market by Drivetrain Technology
10.2.5.5.3. Rest of Europe Electric Tractor Market by Type
10.2.5.5.4. Rest of Europe Electric Tractor Market by Application
10.3. Asia Pacific
10.3.1. Asia Pacific Electric Tractor Market by Battery Type
10.3.2. Asia Pacific Electric Tractor Market by Drivetrain Technology
10.3.3. Asia Pacific Electric Tractor Market by Type
10.3.4. Asia Pacific Electric Tractor Market by Application
10.3.5. Asia Pacific Electric Tractor Market by Country
10.3.5.1. China Electric Tractor Market
10.3.5.1.1. China Electric Tractor Market by Battery Type
10.3.5.1.2. China Electric Tractor Market by Drivetrain Technology
10.3.5.1.3. China Electric Tractor Market by Type
10.3.5.1.4. China Electric Tractor Market by Application
10.3.5.2. Japan Electric Tractor Market
10.3.5.2.1. Japan Electric Tractor Market by Battery Type
10.3.5.2.2. Japan Electric Tractor Market by Drivetrain Technology
10.3.5.2.3. Japan Electric Tractor Market by Type
10.3.5.2.4. Japan Electric Tractor Market by Application
10.3.5.3. India Electric Tractor Market
10.3.5.3.1. India Electric Tractor Market by Battery Type
10.3.5.3.2. India Electric Tractor Market by Drivetrain Technology
10.3.5.3.3. India Electric Tractor Market by Type
10.3.5.3.4. India Electric Tractor Market by Application
10.3.5.4. South Korea Electric Tractor Market
10.3.5.4.1. South Korea Electric Tractor Market by Battery Type
10.3.5.4.2. South Korea Electric Tractor Market by Drivetrain Technology
10.3.5.4.3. South Korea Electric Tractor Market by Type
10.3.5.4.4. South Korea Electric Tractor Market by Application
10.3.5.5. Australia Electric Tractor Market
10.3.5.5.1. Australia Electric Tractor Market by Battery Type
10.3.5.5.2. Australia Electric Tractor Market by Drivetrain Technology
10.3.5.5.3. Australia Electric Tractor Market by Type
10.3.5.5.4. Australia Electric Tractor Market by Application
10.3.5.6. Rest of Asia-Pacific Electric Tractor Market
10.3.5.6.1. Rest of Asia-Pacific Electric Tractor Market by Battery Type
10.3.5.6.2. Rest of Asia-Pacific Electric Tractor Market by Drivetrain Technology
10.3.5.6.3. Rest of Asia-Pacific Electric Tractor Market by Type
10.3.5.6.4. Rest of Asia-Pacific Electric Tractor Market by Application
10.4. RoW
10.4.1. RoW Electric Tractor Market by Battery Type
10.4.2. RoW Electric Tractor Market by Drivetrain Technology
10.4.3. RoW Electric Tractor Market by Type
10.4.4. RoW Electric Tractor Market by Application
10.4.5. RoW Electric Tractor Market by Sub-region
10.4.5.1. Latin America Electric Tractor Market
10.4.5.1.1. Latin America Electric Tractor Market by Battery Type
10.4.5.1.2. Latin America Electric Tractor Market by Drivetrain Technology
10.4.5.1.3. Latin America Electric Tractor Market by Type
10.4.5.1.4. Latin America Electric Tractor Market by Application
10.4.5.2. Middle East Electric Tractor Market
10.4.5.2.1. Middle East Electric Tractor Market by Battery Type
10.4.5.2.2. Middle East Electric Tractor Market by Drivetrain Technology
10.4.5.2.3. Middle East Electric Tractor Market by Type
10.4.5.2.4. Middle East Electric Tractor Market by Application
10.4.5.3. Africa Electric Tractor Market
10.4.5.3.1. Africa Electric Tractor Market by Battery Type
10.4.5.3.2. Africa Electric Tractor Market by Drivetrain Technology
10.4.5.3.3. Africa Electric Tractor Market by Type
10.4.5.3.4. Africa Electric Tractor Market by Application

Companies Mentioned

  • Deere & Company
  • Ideanomics, Inc.
  • Sonalika
  • Motivo Engineering
  • Monarch Tractor
  • Cellestial
  • AGCO GmbH
  • KUBOTA Corporation
  • SOLECTRAC
  • Alke

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About the Electric Tractors Market

The electric tractor market is a relatively new segment of the tractor industry. It is characterized by the use of electric motors to power the tractor, rather than traditional internal combustion engines. Electric tractors offer a number of advantages over their traditional counterparts, including lower emissions, quieter operation, and improved fuel efficiency. Additionally, electric tractors are often more lightweight and easier to maneuver than traditional tractors. Electric tractors are becoming increasingly popular in the agricultural sector, as they offer a number of benefits to farmers. These include reduced maintenance costs, improved safety, and increased efficiency. Electric tractors are also becoming more widely available, with a number of manufacturers now offering electric models. Some of the leading companies in the electric tractor market include John Deere, Mahindra, Kubota, and Fendt. These companies offer a range of electric tractor models, ranging from small, lightweight models to larger, more powerful models. Additionally, many of these companies offer a range of accessories and attachments to further enhance the capabilities of their electric tractors. Show Less Read more

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