Representing the developed world, the United States will maintain a 4.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$852.6 Million to the region's size and clout in the next 5 to 6 years. Over US$2.8 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, < 30 HP will reach a market size of US$1.7 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.2% over the next couple of years and add approximately US$12.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- AGCO Corporation
- Antonio Carraro
- Argo Tractors S.p.A.
- Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
- CLAAS KGaA mbH
- CNH Industrial N.V.
- Steyr Landmaschinentechnik AG
- Daedong-USA, Inc. KIOTI Tractor Division
- Deere & Company (John Deere)
- Escorts Group
- Force Motors Ltd.
- Indo Farm Equipment Limited.
- Iseki & Co. Ltd
- Kubota Corporation
- Mahindra and Mahindra Ltd.
- Pronar Sp. z o.o.
- SDF S.p.A.
- Sonalika International Tractors Ltd
- Tractors and Farm Equipment Ltd. (TAFE)
- Traktorenwerk Lindner GmbH
- Yanmar Agricultural Machinery Manufacturing Co., Ltd.
- Zetor Tractors A.S (Czechia).
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Farm Tractors: A Prelude
Different Types of Farm Tractors
Tractors – The Workhorses of Agriculture
Growth Drivers in a Nutshell
Farm Tractors Market Back on Track
Global Farm Tractors Market Estimates and Projections in Units by Region/Country: 2018 to 2025
Global Farm Tractors Market by Region/Country: A Historic Review in Units for 2009-2017
Global Farm Tractors Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025
Population Growth & Demand for Food to Create Long-Term Stability in GrowthEmerging Economies Drive Market Expansion
Competition: Fierce Competition Keeps Farm Tractor Makers on Toes
Farm Tractors Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Mechanization of Farming Practices Drives Sales of Tractors
Percentage of Population Engaged in Agriculture for Select Countries
Robust Demand for Advanced Tractors in Developed Markets
Strong Adoption across Industrializing Nations
Agricultural Labor Shortage & Rising Labor Wages to Spur Demand for Tractors
Shrinking Labor for Agriculture Benefits Demand for Tractors: Percentage (%) of Agricultural Workers in the Global Workforce for the Years 1992, 2019 & 2022
Food Security Drives Governments to Stress on Improving Productivity
Growing Agricultural Trade Worldwide to Create Major Opportunities for Farm Tractor Vendors
Global Prices of Cereals in US$ per Ton for the Years 2019 and 2025
Farm Consolidation to Lead to Demand for Larger Tractors
Autonomous Farm Tractor to Become an Essential Constituent of Precision Agriculture
Growing Investments in Smart Agriculture Bodes Well for the Adoption of Autonomous Tractors: Global Smart Agriculture Market Worldwide (In US$ Billion) for the Years 2019 & 2024
Technological Innovations to Drive Productivity in Agriculture
Renting Farm Equipment and Tractors Picking Up Pace
Expanding Global Population & Increase in Agricultural Output to Drive Demand for Tractors
World Population by Geographic Region (2018-2050) (in Thousands)
Focus on Precision Farming Lends Traction to Tractor Sales
Technological Innovations in Farming Equipment Lead the Way
Technologically Advanced Tractors Gain Prominence in Developed Markets
Comfort Features: An Important Value Addition Gaining Traction
Alternative Fuel Tractors: An Important Product Development in the Coming Years
Small Tractors Gain Ground in Developing Regions
Certified Used Machines are Catching Up Globally
Rising Demand for Energy Crops: A Business Case for Farm Tractors
World Biodiesel Production & Consumption in Million Liters for the Years 2019 through 2025
World Ethanol Production & Consumption in Million Liters for the Years 2019 through 2025
Biodiesel Production and Consumption in Thousand Barrels per Day by Select Countries
Average Biofuel Yields of First Generation Feedstocks
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Two-Wheel Drive (2WD) Tractors Dominate the Farm Tractors Market
Buyer Focus on Functionality and Comfort on the Rise
Robots to Drive Farm Tractors
US Farm Tractors Market Share (in %) by Company: 2019 & 2025
Average Farm Size (in Acres) in the US: 2007-2018
Number of Farms in the US: 2011-2018
Annual U.S. Farm Income (US$ Billion) for the Years 2012 through 2019
High-Power Tractors Witness Growth
Chinese Agricultural Equipment Sales to Skyrocket
Government Initiatives to Boost Domestic Agricultural Machinery Sector
Major Factors Influencing Farm Equipment Purchases
European Tractors Market: A Highly Concentrated One
European Farm Tractors Market Estimates and Forecasts in Units by Region/Country: 2018 to 2025
European Farm Tractors Historic Market Review by Region/Country in Units: 2009-2017
Farm Tractors Market in Europe: Percentage Share Breakdown of Unit Sales by Region/Country for 2009, 2019, and 2025
Tractor Technology Trends in Europe
Overview of European Agricultural Machinery Market
Competitive Scenario – A Relatively Consolidated Market
Farm Tractor Brands Market Share (in %) in France: 2019
Farm Tractor Brands Market Share (in %) in Germany: 2019
REST OF EUROPE
Asia-Pacific Farm Tractors Market Growth Prospects in Units by Region/Country for the Period 2018-2025
Farm Tractors Historic Market Analysis in Asia-Pacific in Units by Region/Country: 2009-2017
Asia-Pacific Farm Tractors Market by Region/Country: Percentage Breakdown of Unit Sales for 2009, 2019, and 2025
Indian Tractor Market Prospects Heavily Tied to Farm Income
Small Tractors Gain Market
Government Initiatives to Benefit Market
Overview of Agricultural Mechanization in India
Threats to Agricultural Equipment Sector
REST OF ASIA-PACIFIC
TABLE 130: Latin American Farm Tractors Market Growth Prospects in Units by Region/Country for the Period 2018-2025
TABLE 131: Farm Tractors Historic Market Analysis in Latin America in Units by Region/Country: 2009-2017
TABLE 132: Latin American Farm Tractors Market by Region/Country: Percentage Breakdown of Unit Sales for 2009, 2019, and 2025
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AGCO GMBH - FENDT
AGCO LTD. (MASSEY FERGUSON)
AGRIA HISPANIA SL
ANTONIO CARRARO SPA
ARGO TRACTORS SPA
ARGO TRACTORS SPA - LANDINI SPA
MCCORMICK NORTH AMERICA
BONAVENO TRATTORI SRL
BUCHER INDUSTRIES AG
BUHLER INDUSTRIES - VERSATILE
CAPTAIN TRACTORS PVT. LTD.
CARRARO SPA - DIVISIONE AGRITALIA
CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.
CHINA NATIONAL MACHINERY INDUSTRY CORPORATION LTD.
CLAAS KGAA MBH
CLAAS OF AMERICA LLC
CLAAS UK LTD.
CNH INDUSTRIAL (INDIA) PVT. LTD.
CNH INDUSTRIAL NV
CNH INDUSTRIAL OSTERREICH GMBH - STEYR
CASE IH (USA)
NEW HOLLAND AGRICULTURE
NEW HOLLAND AGRICULTURE INDIA
CONCERN "TRACTOR PLANTS" (MACHINERY & INDUSTRIAL GROUP NV)
DAEDONG INDUSTRIAL CO., LTD.
DAEDONG-USA, INC. - KIOTI TRACTOR DIVISION
DE PIETRI SRL
DEERE & COMPANY
JOHN DEERE LIMITED
INDUSTRIAS JOHN DEERE MEXICO SA DE CV
FIRST TRACTOR CO., LTD.
FORCE MOTORS LTD.
GROMAX AGRI EQUIPMENT LTD.
HMT LTD. (INDIA)
IHI SHIBAURA MACHINERY CORPORATION
INDO FARM EQUIPMENT LTD.
INTERNATIONAL TRACTORS LIMITED (SONALIKA)
ISEKI & CO., LTD.
J C BAMFORD EXCAVATORS LTD. (JCB)
JIANGSU YUEDA INTELLIGENT AGRICULTURAL EQUIPMENT CO., LTD.
KUBOTA TRACTOR CORPORATION
KUBOTA (UK) LTD.
KUBOTA EUROPE SAS
SIAM KUBOTA CORPORATION CO., LTD.
LOVOL HEAVY INDUSTRY CO., LTD.
MAHINDRA & MAHINDRA LTD.
MAHINDRA & MAHINDRA LTD. - SWARAJ DIVISION
MAHINDRA & MAHINDRA - FARM EQUIPMENT SECTOR
MAHINDRA USA, INC.
MITSUBISHI MAHINDRA AGRICULTURAL MACHINERY CO., LTD.
PREET AGRO INDUSTRIES PVT. LTD.
PRONAR SP. Z O.O.
SAME DEUTZ FAHR GROUP SPA
SHANDONG SHIFENG GROUP CO., LTD.
SOUTHWICK TRACTOR CO., LTD.
TONG YANG MOOLSAN CO., LTD.
TRACTORS AND FARM EQUIPMENT LTD. (TAFE)
TRAKTORENWERK LINDNER GMBH
V.S.T TILLERS TRACTORS LTD.
WEIFNAG LUZHONG TRACTOR CO., LTD.
YANMAR CO., LTD.
YANMAR AGRICULTURAL MACHINERY MANUFACTURING CO., LTD.
ZOOMLION HEAVY INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
ZETOR TRACTORS A.S.
YTO GROUP CORPORATION