Global Farm Tractors Sales Market Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Agriculture
Publisher : MRA | Format : PDF
Global Farm Tractors Sales Market Report 2024
Market Analysis and InsightsGlobal Farm Tractors Market
Farm tractor is an engineering vehicle specifically designed to deliver at a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction. Most commonly, the term is used to describe a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, but nowadays a great variety of tasks. Agricultural implements may be towed behind or mounted on the tractor, and the tractor may also provide a source of power if the implement is mechanized.
Due to the COVID-19 pandemic, the global Farm Tractors market size is estimated to be worth US$ 10650 million in 2022 and is forecast to a readjusted size of US$ 17070 million by 2033 with a CAGR of 6.9% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Wheel Tractor accounting for % of the Farm Tractors global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Harvesting segment is altered to an % CAGR throughout this forecast period.
In EMEA (Europe, Middle East and Africa), Farm Tractors key players include CNH Industrial, Deere, AGCO Corporation, etc. Global top three manufacturers hold a share nearly 40%.
Europe is the largest market, with a share about 65%, followed by Middle East, and Africa, both have a share about 35 percent.
In terms of product, Wheel Tractor is the largest segment, with a share over 90%. And in terms of application, the largest application is Plowing and Cultivating, followed by Harvesting, Planting and Fertilizing, Spraying and Others, etc.
Global Farm Tractors Scope and Market Size
The global Farm Tractors market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Farm Tractors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
Wheel Tractor
Crawler Tractor
Harvesting
Haying
Planting and Fertilizing
Plowing and Cultivating
Spraying
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
CNH Industrial
Deere
AGCO Corporation
Same Deutz-Fahr
Claas
Kubota
Agri Argo
JCB
ITMCO
MTZ (Minsk)
Mahindra
China YTO
Farm tractor is an engineering vehicle specifically designed to deliver at a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction. Most commonly, the term is used to describe a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, but nowadays a great variety of tasks. Agricultural implements may be towed behind or mounted on the tractor, and the tractor may also provide a source of power if the implement is mechanized.
Due to the COVID-19 pandemic, the global Farm Tractors market size is estimated to be worth US$ 10650 million in 2022 and is forecast to a readjusted size of US$ 17070 million by 2033 with a CAGR of 6.9% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Wheel Tractor accounting for % of the Farm Tractors global market in 2022, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Harvesting segment is altered to an % CAGR throughout this forecast period.
In EMEA (Europe, Middle East and Africa), Farm Tractors key players include CNH Industrial, Deere, AGCO Corporation, etc. Global top three manufacturers hold a share nearly 40%.
Europe is the largest market, with a share about 65%, followed by Middle East, and Africa, both have a share about 35 percent.
In terms of product, Wheel Tractor is the largest segment, with a share over 90%. And in terms of application, the largest application is Plowing and Cultivating, followed by Harvesting, Planting and Fertilizing, Spraying and Others, etc.
Global Farm Tractors Scope and Market Size
The global Farm Tractors market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Farm Tractors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2033.
Segment by Type
Wheel Tractor
Crawler Tractor
Segment by Application
Harvesting
Haying
Planting and Fertilizing
Plowing and Cultivating
Spraying
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
CNH Industrial
Deere
AGCO Corporation
Same Deutz-Fahr
Claas
Kubota
Agri Argo
JCB
ITMCO
MTZ (Minsk)
Mahindra
China YTO
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Banking and Finance
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