Farm Tractor Market by (Power Output (30, 31–100, 101–200, >200hp), Drive Type (2WD, 4WD, & Autonomous Tractor), Combines Market (Corn, Rice, Wheat, Soybean), Implements Market (Harvest, Hay, Plant & Fertilize, Plow & Cultivate, Spray) - Forecast to 2022
Farm Tractor Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Farm Tractor Market highlights key players such as Deere & Company (U.S.), CNH Industrial N.V. (U.K.), Kubota Corporation (Japan), AGCO Corporation (U.S.), CLAAS KGaAmbH.
(Germany), SAME Deutz-Fahr (Italy), Mahindra & Mahindra Ltd. (India), Bucher Industries (Switzerland), J C Bamford Excavators Ltd. (U.K.), Iseki & Co. Ltd. (Japan), Escorts Ltd. (India), Yanmar Co. Ltd. (Japan), Zetor Tractors A.S. (Czech Republic), Alamo Group, Inc. (U.S.), Tractors and Farm Equipment Limited (India).
The Farm Tractors Market is projected to reach a market size of USD 65.57 Billion by 2022, at a CAGR of 5.24% during the forecast period & Agricultural Equipment Market is projected to grow at a CAGR of 5.31% during the forecast period, to reach a market size of USD 139.41 billion by 2022. Rising global population, increased mechanization owing to shortage of skilled labor and increasing labor wages, and increasing government supports/subsidies and other financial aids are the key drivers for the agricultural equipment market.
On the other hand, the high cost of machinery, growing presence of unorganized players for small equipment (like implements), and increasing demand for used or rental equipment are some of the key restraints that could influence the growth of this market.
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The four-wheel drive farm tractors segment is witnessing significant growth in the farm tractors market. The major driving factors for this segment are the increased use of high powered farm tractors in regions such as Europe owing to considerably large agricultural land and changing farmers’ investment capabilities.
The all-wheel drive farm tractors offer better traction, power, maneuverability, and performance as compared to two-wheel drive farm tractors. Additionally, as four-wheel drive farm tractors have better pulling capacity than conventional two-wheel drive farm tractors, they are the better option for pulling larger load implements.
With the increase in mechanization and use of implements in the agriculture industry, the demand for four-wheel drive farm tractors is projected to grow in the near future. According to Agrievolution report published in 2015, out of the total tractor sales in Germany, every fifth tractor is a high power tractor.
With highest production and consumption of wheat in the global market, the combines market for wheat is estimated to have the largest market share during the forecast period. As per the statistics of the United States Department of Agriculture (USDA), the global wheat crop production accounted for approximately 30% of all types of grains during 2016–2017.
Such high demand for wheat at the global level would require these combines to expedite the whole process. Thus, the demand for wheat is expected to dominate the market in the coming years, which would further propel the growth of the combines market for the wheat crop.
Breakdown Of Primaries
The study contains insights provided by various industry experts, ranging from component suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type:OEM–73%, Tier-1–27 %
- By Designation: C level–57%, DLevel–34%, Others–9%
- By Region: North America–42%, Europe–33%, and Asia-Oceania–25%
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Key Points From Table Of Content:
6 Combines Market, By Application
6.2 Combines Market, By Application
6.3 Combines Market, By Region
6.3.1 Combine Harvesters for Corn Market, By Region
6.3.2 Combine Harvesters for Rice Market, By Region
6.3.3 Combine Harvesters for Soybean Market, By Region
6.3.4 Combine Harvesters for Wheat Market, By Region
6.3.5 Combine Harvesters for Other Crops Market
7 Implements Market, By Function
7.2 Implements Market, By Function
7.3 Implements Market, By Region
7.3.1 Harvesting Implements Market, By Region
7.3.2 Haying Implements Market, By Region
7.3.3 Planting & Fertilizing Implements Market, By Region
7.3.4 Plowing & Cultivating Implements Market, By Region
7.3.5 Spraying Implements Market, By Region
7.3.6 Other Implements Market, By Region
8 Tractors Market, By Drive Type
8.2 Tractors Market, By Drive Type
8.2.1 Two-Wheel Drive Tractors Market, By Region
8.2.2 Four-Wheel Drive Tractor Market, By Region
9 Autonomous Tractors Market, Future Trends, & Scenario (2020-2027)
9.2 Autonomous Tractors Market - Normal Scenario
9.3 Autonomous Tractors Market - Pessimistic Scenario
9.4 Autonomous Tractors Market - Optimistic Scenario
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