Global Agricultural Tractor Market 2017-2021

  • ID: 4390878
  • Report
  • Region: Global
  • 81 pages
  • TechNavio
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FEATURED COMPANIES

  • CLAAS
  • Escorts Group
  • John Deere
  • KUBOTA
  • Mahindra Tractors
  • Massey Ferguson
  • MORE
About Agricultural Tractor

Tractors are one of the most important tools used in farming, as they can be used for multipurpose applications like plowing of the lands, harrowing, disking, tilling, planting, and other similar tasks. Even other farm equipment is pulled or pushed with the help of tractors or integrated with the tractors, to make the farm related work more efficient. The global agricultural tractor market is segmented based on driveline (two-wheel drive and all-wheel drive); engine power (low-power output (< 40 hp), mid-power output (40-100 hp), and high-power output (>100 hp)); and geography (APAC, EMEA, and the Americas).

The analysts forecast the global agricultural tractor market to grow at a CAGR of 3.08% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global agricultural tractor market for 2017-2021. To calculate the market size, the report considers the sales volume of the agricultural tractor.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Agricultural Tractor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Escorts Group
  • John Deere
  • Mahindra Tractors
  • Massey Ferguson
Other prominent vendors
  • CLAAS
  • New Holland
  • KUBOTA
  • McCormick Tractor
  • Sonalika Tractors
  • Tractors and Farm Equipment (TAFE)
  • Valtra
Market drivers
  • Increase in the wages of laborers has led to declining profit margins for farmers
  • For a full, detailed list, view the full report
Market challenges
  • High price of agricultural all-wheel drive tractors: Restricting their demand in APAC
  • For a full, detailed list, view the full report
Market trends
  • Increase in consolidation of fragmented land in Europe and Americas
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CLAAS
  • Escorts Group
  • John Deere
  • KUBOTA
  • Mahindra Tractors
  • Massey Ferguson
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY DRIVELINE
  • Global agricultural tractor market segmentation by driveline
  • Global all-wheel drive agricultural tractor market
  • Global two-wheel drive agricultural tractor market
  • Global agricultural tractor market segmentation by engine power
PART 07: MARKET SEGMENTATION BY ENGINE POWER
  • Global low-power output agricultural tractor market
  • Global mid-power output agricultural tractor market
  • Global high-power output agricultural tractor market
PART 08: REGIONAL LANDSCAPE
  • Global agricultural tractor market segmentation by region
  • Regional comparison
  • Agricultural tractor market in APAC
  • Agricultural tractor market in Americas
  • Agricultural tractor market in EMEA
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Increase in consolidation of fragmented land in Europe and Americas
  • Rising focus on less than 20 hp tractors and 50 hp to 60 hp tractors in APAC
  • Increase in demand for CVT agricultural tractors
PART 12: VENDOR LANDSCAPE
  • Competitive scenario
  • Prominent vendors
PART 13: KEY VENDOR ANALYSIS
  • Escorts Group
  • John Deere
  • Mahindra Tractors
  • Massey Ferguson
PART 14: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Segmentation of global agricultural tractor market
Exhibit 02: Global agricultural tractor market 2016-2021 (thousands of units)
Exhibit 03: Five forces analysis
Exhibit 04: Global agricultural tractor market: Segmentation by driveline 2016 (%)
Exhibit 05: Global agricultural tractor market: Segmentation by wheel drive 2021 (%)
Exhibit 06: Global all-wheel drive agricultural tractor market by region 2016-2021 (%)
Exhibit 07: Global all-wheel drive agricultural tractor market 2016-2021 (thousands of units)
Exhibit 08: Global two-wheel drive agricultural tractor market by region 2016-2021 (%)
Exhibit 09: Global two-wheel drive agricultural tractor market 2016-2021 (thousands of units)
Exhibit 10: Global agricultural tractor market: Segmentation by engine power 2016 (%)
Exhibit 11: Average farm size in European countries in 2016 (hectares)
Exhibit 12: Global agricultural tractor market: Segmentation by engine power 2021 (%)
Exhibit 13: Global low-power output agricultural tractor market by region 2016-2021 (%)
Exhibit 14: Global low-power output agricultural tractor market 2016-2021 (thousands of units)
Exhibit 15: Global mid-power output agricultural tractor market by region 2016-2021 (%)
Exhibit 16: Global mid-power output agricultural tractor market 2016-2021 (thousands of units)
Exhibit 17: Global high-power output agricultural tractor market by region 2016-2021 (%)
Exhibit 18: Global high-power output agricultural tractor market 2016-2021 (thousands of units)
Exhibit 19: Global agricultural tractor market by region 2016-2021 (%)
Exhibit 20: Regional comparison
Exhibit 21: Agricultural tractor market in APAC 2016-2021 (thousands of units)
Exhibit 22: APAC- Year-over-year growth
Exhibit 23: Top 3 countries in APAC 2016
Exhibit 24: Agricultural tractor market in Americas 2016-2021 (thousands of units)
Exhibit 25: Americas - Year-over-year growth
Exhibit 26: Top 3 countries in Americas
Exhibit 27: Agricultural tractor market in EMEA 2016-2021 (thousands of units)
Exhibit 28: EMEA - Year-over-year growth
Exhibit 29: Top 3 countries in EMEA
Exhibit 30: Minimum wages in US states on hourly basis 2016
Exhibit 31: Average cost of renting agricultural tractors in the US based on engine size
Exhibit 32: Escorts Group: Business segmentation
Exhibit 33: Escorts Group: Recent developments
Exhibit 34: John Deere: Business segmentation
Exhibit 35: John Deere: Recent developments
Exhibit 36: Mahindra Tractors: Recent developments
Exhibit 37: Massey Ferguson: Product portfolio
Exhibit 38: Massey Ferguson: Recent developments
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FEATURED COMPANIES

  • CLAAS
  • Escorts Group
  • John Deere
  • KUBOTA
  • Mahindra Tractors
  • Massey Ferguson
  • MORE
New Report Released: - Global Agricultural Tractor Market 2017-2021

The author of the report recognizes the following companies as the key players in the global agricultural tractor market: Escorts Group, John Deere, Mahindra Tractors, and Massey Ferguson.

Other Prominent Vendors in the market are: CLAAS, New Holland, KUBOTA, McCormick Tractor, Sonalika Tractors, Tractors and Farm Equipment (TAFE), and Valtra.

Commenting on the report, an analyst from the research team said: “One trend in the market is increase in consolidation of fragmented land in Europe and Americas. The trend of consolidating lands, depending on their size, in the Americas and Europe is increasing as the profitability of larger farms is much greater compared with smaller farms. Bigger firms, such as Farm and Ranch Supplies, Archer-Daniels Midland, and Monsanto have started dominating the agricultural market.”

According to the report, one driver in the market is increase in the wages of laborers has led to declining profit margins for farmers. The rise in minimum labor wages has increased the cost of producing crops and has adversely affected the profitability of farmers across all the regions. APAC countries, such as India and China, which had an abundance of cheap agricultural laborers, are also experiencing a rise in the minimum wage of agricultural laborers due to government intervention, causing acute scarcity of the agricultural laborers. For instance, the Indian government increased the daily wages of unskilled agricultural laborers by about 60% in 2016.

Further, the report states that one challenge in the market is high price of agricultural all-wheel drive tractors: Restricting their demand in APAC. The prices of all-wheel drive agricultural tractors are high compared with two-wheel drive agricultural tractors. For small farmers, it is not feasible to purchase all-wheel drive agricultural tractors. In India, the price of all-wheel drive agricultural tractors is more than the price of two-wheel drive agricultural tractors. In China, most of the farmers have small farmland holdings, and it is not feasible to operate all-wheel drive agricultural tractors in small fields. Though the all-wheel drive agricultural tractors have several benefits, their high price acts as a deterrent in attracting consumers for the purchase.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Escorts Group
  • John Deere
  • Mahindra Tractors
  • Massey Ferguson
  • CLAAS
  • New Holland
  • KUBOTA
  • McCormick Tractor
  • Sonalika Tractors
  • Tractors and Farm Equipment (TAFE)
  • Valtra
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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