Europe Electric Farm Tractor Market: Analysis and Forecast, 2023-2028

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from $2,950	132 Pages	BIS Research	February, 2024	BIS18576723

Best Price Guarantee
Price	from $2,950
Length	132 Pages
Publisher	BIS Research
Published Date	February, 2024
SKU	BIS18576723

Europe Electric Farm Tractor Market: Analysis and Forecast, 2023-2028

Introduction to Europe Electric Farm Tractor Market

The Europe electric farm tractor market (excluding U.K.) was valued at $32.94 million in 2023 and is expected to reach $63.20 million by 2028, growing at a CAGR of 13.92% between 2023 and 2028. The electric farm tractor market is experiencing significant growth due to various factors such as increased demand for sustainable farming practices within the agriculture sector, the adoption of electrification and automation in agricultural machinery, and advancements in energy storage systems. Over recent years, there has been a notable increase in interest in electric farm tractors among farmers, manufacturers, and researchers in the agriculture industry, leading to record-breaking sales of electric vehicles (EVs) in this sector.

Market Introduction

The Europe electric farm tractor market in Europe is undergoing substantial growth, driven by multiple factors. There is a growing emphasis on sustainable agricultural practices across the continent, prompting increased demand for environmentally friendly farming solutions. Additionally, the adoption of electrification and automation in agriculture machinery is gaining momentum, further propelling market growth. European countries are also investing in advanced energy storage systems to support the electrification of farm equipment. Moreover, stringent regulations aimed at reducing emissions from agricultural activities are encouraging farmers to transition to electric farm tractors. This shift is reflected in rising sales and heightened interest among farmers, manufacturers, and researchers in the region, indicating a promising outlook for the Europe electric farm tractor market.

Market Segmentation:

Segmentation 1: by Application

Light-Duty Tractor
Medium-Duty Tractor
Heavy-Duty Tractor

Segmentation 2: by Mode of Operation

Manual
Autonomous

Segmentation 3: by Drivetrain Technology

Battery Electric
Hybrid Electric

Segmentation 4: by Country

Germany
France
Norway
Ukraine
Netherlands
Sweden
Belgium
Greece
Switzerland
Rest-of-Europe

How Can This Report Add Value to an Organization?

Product/Innovation Strategy: The product segment helps the reader understand the different types of electric farm tractors available for deployment and their potential. Moreover, the study provides the reader with a detailed understanding of the electric farm tractor market by application (light-duty tractor, medium-duty tractor, and heavy-duty tractor), mode of operation (manual and autonomous), and by drivetrain technology (battery electric and hybrid electric).

Growth/Marketing Strategy: The Europe electric farm tractor market has seen major development by key players operating in the market, such as business expansion, product launch, partnership, collaboration, and joint venture. The favored strategy for the companies has been product development to strengthen their position in the electric farm tractor market.

Competitive Strategy: Key players in the Europe electric farm tractor market analyzed and profiled in the study involve major electric farm tractor manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the electric farm tractor market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

Key Companies Profiled:

Rigitrac Traktorenbau AG
CLAAS KGaA mbH
EOX Tractors (Formerly H2Trac)
EVE Srl
SABI AGRI

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Executive Summary
1 Markets: 1.1 Industry Outlook; 1.1.1 Market Definition; 1.1.2 Market Trends; 1.1.2.1 Advanced Battery Technology and Future Connectivity Trends; 1.1.2.1.1 Advancements in Battery Technology; 1.1.2.1.2 Future Connectivity Trends (5G and LoRaWAN); 1.1.2.2 Climate Smart Agriculture Practices; 1.1.3 Ecosystem/Ongoing Programs; 1.1.3.1 Consortiums and Associations; 1.1.3.2 Regulatory Bodies; 1.1.3.3 Government Initiatives/Programs; 1.2 Business Dynamics; 1.2.1 Business Drivers; 1.2.1.1 Rise in Awareness toward Sustainable Practices in Agriculture; 1.2.1.2 Increased Farm Mechanization and Technology Adoption; 1.2.1.3 Favoring Policies toward Electric Vehicle Adoption; 1.2.1.4 Increased Demand for Electrification in Agriculture Industry; 1.2.2 Business Challenges; 1.2.2.1 Inadequate Charging, Network Infrastructure, and Battery Recycling Challenges; 1.2.2.2 High Initial Cost of Equipment; 1.2.2.3 Development of Alternative Engine Models; 1.2.2.4 Limited Market Penetration Owing to Dominance of Conventional Tractors; 1.2.3 Business Strategies; 1.2.3.1 Product Development and Innovation; 1.2.3.2 Market Development; 1.2.4 Corporate Strategies; 1.2.4.1 Mergers and Acquisitions; 1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances; 1.2.5 Business Opportunities; 1.2.5.1 Integration of New/Advanced Technologies with Electric Farm Tractor; 1.2.5.2 Opportunities in Developing Nations; 1.3 Case Studies; 1.3.1 Monarch Tractor Wente Vineyards Energy Case Study; 1.3.2 Solectrac Inc Mushroom Farm Case Study; 1.4 Start-Up Landscape; 1.4.1 Key Start-Ups in the Ecosystem; 1.5 Impact of Russia-Ukraine Crisis on Electric Farm Tractor Market; 1.6 Cost Analysis – Comparision of Conventional and Electric Tractor; 1.7 Architectural/Technical Comparison of Key Products in the Market; 1.8 Role of Agrivoltaics in Electric Farm Tractor Market; 1.9 Key Battery Technologies; 1.9.1 Lithium-Ion Battery; 1.9.2 Nickel, Mercury-Based Batteries, and Others
2 Region: 2.1 Europe; 2.1.1 Market; 2.1.1.1 Key Companies in Europe; 2.1.1.2 Business Drivers; 2.1.1.3 Business Challenges; 2.1.2 Application; 2.1.2.1 Europe Electric Farm Tractor Market (by Application); 2.1.3 Product; 2.1.3.1 Europe Electric Farm Tractor Market (by Mode of Operation); 2.1.3.2 Europe Electric Farm Tractor Market (by Drivetrain Technology); 2.1.4 Europe Electric Farm Tractor Market (by Country); 2.1.4.1 Germany; 2.1.4.1.1 Market; 2.1.4.1.1.1 Buyer Attributes; 2.1.4.1.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.1.1.2 Business Challenges; 2.1.4.1.1.3 Business Drivers; 2.1.4.1.2 Application; 2.1.4.1.2.1 Germany Electric Farm Tractor Market (by Application); 2.1.4.1.3 Product; 2.1.4.2 France; 2.1.4.2.1 Market; 2.1.4.2.1.1 Buyer Attributes; 2.1.4.2.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.2.1.2 Business Challenges; 2.1.4.2.1.3 Business Drivers; 2.1.4.2.2 Application; 2.1.4.2.2.1 France Electric Farm Tractor Market (by Application); 2.1.4.2.3 Product; 2.1.4.3 Netherlands; 2.1.4.3.1 Market; 2.1.4.3.1.1 Buyer Attributes; 2.1.4.3.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.3.1.2 Business Challenges; 2.1.4.3.1.3 Business Drivers; 2.1.4.3.2 Application; 2.1.4.3.2.1 Netherlands Electric Farm Tractor Market (by Application); 2.1.4.3.3 Product; 2.1.4.4 Norway; 2.1.4.4.1 Market; 2.1.4.4.1.1 Buyer Attributes; 2.1.4.4.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.4.1.2 Business Challenges; 2.1.4.4.1.3 Business Drivers; 2.1.4.4.2 Application; 2.1.4.4.2.1 Norway Electric Farm Tractor Market (by Application); 2.1.4.4.3 Product; 2.1.4.5 Sweden; 2.1.4.5.1 Market; 2.1.4.5.1.1 Buyer Attributes; 2.1.4.5.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.5.1.2 Business Challenges; 2.1.4.5.1.3 Business Drivers; 2.1.4.5.2 Application; 2.1.4.5.2.1 Sweden Electric Farm Tractor Market (by Application); 2.1.4.5.3 Product; 2.1.4.6 Greece; 2.1.4.6.1 Market; 2.1.4.6.1.1 Buyer Attributes; 2.1.4.6.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.6.1.2 Business Challenges; 2.1.4.6.1.3 Business Drivers; 2.1.4.6.2 Application; 2.1.4.6.2.1 Greece Electric Farm Tractor Market (by Application); 2.1.4.6.3 Product; 2.1.4.7 Switzerland; 2.1.4.7.1 Market; 2.1.4.7.1.1 Buyer Attributes; 2.1.4.7.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.7.1.2 Business Challenges; 2.1.4.7.1.3 Business Drivers; 2.1.4.7.2 Application; 2.1.4.7.2.1 Switzerland Electric Farm Tractor Market (by Application); 2.1.4.7.3 Product; 2.1.4.8 Ukraine; 2.1.4.8.1 Market; 2.1.4.8.1.1 Buyer Attributes; 2.1.4.8.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.8.1.2 Business Challenges; 2.1.4.8.1.3 Business Drivers; 2.1.4.8.2 Application; 2.1.4.8.2.1 Ukraine Electric Farm Tractor Market (by Application); 2.1.4.8.3 Product; 2.1.4.9 Belgium; 2.1.4.9.1 Market; 2.1.4.9.1.1 Buyer Attributes; 2.1.4.9.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.9.1.2 Business Challenges; 2.1.4.9.1.3 Business Drivers; 2.1.4.9.2 Application; 2.1.4.9.2.1 Belgium Electric Farm Tractor Market (by Application); 2.1.4.9.3 Product; 2.1.4.10 Rest-of-Europe; 2.1.4.10.1 Market; 2.1.4.10.1.1 Buyer Attributes; 2.1.4.10.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.1.4.10.1.2 Business Challenges; 2.1.4.10.1.3 Business Drivers; 2.1.4.10.2 Application; 2.1.4.10.2.1 Rest-of-Europe Electric Farm Tractor Market (by Application); 2.1.4.10.3 Product; 2.2 U.K.; 2.2.1 Market; 2.2.1.1 Buyer Attributes; 2.2.1.1.1 Charging Infrastructure, Government Subsidies, and Farm Information; 2.2.1.2 Key Companies in the U.K.; 2.2.1.3 Business Drivers; 2.2.1.4 Business Challenges; 2.2.2 Application; 2.2.2.1 U.K. Electric Farm Tractor Market (by Application); 2.2.3 Product; 2.2.3.1 U.K. Electric Farm Tractor Market (by Mode of Operation); 2.2.3.2 U.K. Electric Farm Tractor Market (by Drivetrain Technology)
3 Markets - Competitive Benchmarking and Company Profiles: 3.1 Competitive Benchmarking; 3.1.1 Electric Farm Tractor Companies; 3.2 Company Profiles; 3.2.1 Rigitrac Traktorenbau AG; 3.2.1.1 Company Overview; 3.2.1.2 Role of Rigitrac Traktorenbau AG in the Electric Farm Tractor Market; 3.2.1.3 Product Portfolio; 3.2.1.4 Product Pricing; 3.2.1.5 Customer Profiles; 3.2.1.5.1 Target Customers; 3.2.1.6 Analyst View; 3.2.2 CLAAS KGaA mbH; 3.2.2.1 Company Overview; 3.2.2.2 Role of CLAAS KGaA mbH in the Electric Farm Tractor Market; 3.2.2.3 Product Portfolio; 3.2.2.4 Customer Profile; 3.2.2.4.1 Target Customers; 3.2.2.5 Corporate Strategies; 3.2.2.5.1 Merger and Acquisition; 3.2.2.6 Analyst View; 3.2.3 EOX Tractors (Formerly H2Trac); 3.2.3.1 Company Overview; 3.2.3.2 Role of EOX Tractors in the Electric Farm Tractor Market; 3.2.3.3 Product Portfolio; 3.2.3.4 Product Pricing; 3.2.3.5 Customer Profiles; 3.2.3.5.1 Target Customers; 3.2.3.6 Corporate Strategies; 3.2.3.6.1 Partnerships, Joint Ventures, Collaborations, and Alliances; 3.2.3.7 Analyst View; 3.2.4 EVE Srl; 3.2.4.1 Company Overview; 3.2.4.2 Role of EVE Srl in the Electric Farm Tractor Market; 3.2.4.3 Product Portfolio; 3.2.4.4 Customer Profiles; 3.2.4.4.1 Target Customers; 3.2.4.5 Analyst View; 3.2.5 SABI AGRI; 3.2.5.1 Company Overview; 3.2.5.2 Role of SABI AGRI in the Electric Farm Tractor Market; 3.2.5.3 Product Portfolio; 3.2.5.4 Product Pricing; 3.2.5.5 Customer Profiles; 3.2.5.5.1 Target Customers; 3.2.5.6 Analyst View; 3.2.6 Other Key Players
4 Research Methodology: 4.1 Data Sources; 4.1.1 Primary Data Sources; 4.1.2 Secondary Data Sources; 4.1.3 Data Triangulation; 4.2 Market Estimation and Forecast
List of Figures: Figure 1: Market Dynamics of the Europe Electric Farm Tractor Market, Drivers, Challenges, and Opportunities; Figure 2: Europe Electric Farm Tractor Market, $Million, 2022-2028; Figure 3: Europe Electric Farm Tractor Market (by Application), $Million, 2022 and 2028; Figure 4: Europe Electric Farm Tractor Market (by Mode of Operation), Share (%) 2022; Figure 5: Europe Electric Farm Tractor Market (by Drivetrain Technology), Share (%) 2022; Figure 6: Electric Farm Tractor Market (by Region), $Million, 2022; Figure 7: Applications of 5G in Electric Farm Tractors; Figure 8: Basic Infrastructural Requirements of Electric Farm Tractor Ecosystem; Figure 9: Product Development and Innovation (by Company), January 2017-March 2023; Figure 10: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), January 2017-March 2023; Figure 11: Wente Vineyards Energy Case Study – Monarch Tractor; Figure 12: Solectrac Inc Mushroom Farm Case Study; Figure 13: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 14: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 15: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 16: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 17: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 18: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 19: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 20: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 21: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 22: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 23: Charging Infrastructure, Government Subsidies, and Farm Information; Figure 24: Competitive Position Matrix for Electric Farm Tractor Companies; Figure 25: Data Triangulation; Figure 26: Top-Down and Bottom-Up Approach; Figure 27: Assumptions and Limitations
List of Tables: Table 1: Key Consortiums and Associations in the Electric Farm Tractor Market; Table 2: Key Regulatory Bodies; Table 3: Key Government Initiatives/Programs; Table 4: Internet and Electricity Access in Key Countries, 2020; Table 5: Cost Analysis – Conventional vs. Electric Farm Tractor; Table 6: Technical Parameters Comparison – Monarch Tractor vs. Solectrac Electric Farm Tractors; Table 7: Key Lithium-Ion Battery-Powered Electric Farm Tractor Companies; Table 8: Electric Farm Tractor Market (by Region), $Million, 2022-2028; Table 9: Electric Farm Tractor Market (by Region), Units, 2022-2028; Table 10: Europe Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 11: Europe Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 12: Europe Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 13: Europe Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 14: Europe Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 15: Europe Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 16: Europe Electric Farm Tractor Market (by Country), $Million, 2022-2028; Table 17: Europe Electric Farm Tractor Market (by Country), Units, 2022-2028; Table 18: Germany Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 19: Germany Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 20: Germany Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 21: Germany Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 22: Germany Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 23: Germany Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 24: France Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 25: France Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 26: France Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 27: France Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 28: France Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 29: France Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 30: Netherlands Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 31: Netherlands Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 32: Netherlands Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 33: Netherlands Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 34: Netherlands Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 35: Netherlands Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 36: Norway Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 37: Norway Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 38: Norway Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 39: Norway Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 40: Norway Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 41: Norway Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 42: Sweden Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 43: Sweden Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 44: Sweden Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 45: Sweden Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 46: Sweden Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 47: Sweden Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 48: Greece Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 49: Greece Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 50: Greece Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 51: Greece Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 52: Greece Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 53: Greece Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 54: Switzerland Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 55: Switzerland Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 56: Switzerland Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 57: Switzerland Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 58: Switzerland Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 59: Switzerland Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 60: Ukraine Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 61: Ukraine Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 62: Ukraine Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 63: Ukraine Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 64: Ukraine Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 65: Ukraine Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 66: Belgium Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 67: Belgium Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 68: Belgium Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 69: Belgium Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 70: Belgium Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 71: Belgium Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 72: Rest-of-Europe Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 73: Rest-of-Europe Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 74: Rest-of-Europe Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 75: Rest-of-Europe Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 76: Rest-of-Europe Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 77: Rest-of-Europe Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 78: U.K. Electric Farm Tractor Market (by Application), $Million, 2022-2028; Table 79: U.K. Electric Farm Tractor Market (by Application), Units, 2022-2028; Table 80: U.K. Electric Farm Tractor Market (by Mode of Operation), $Million, 2022-2028; Table 81: U.K. Electric Farm Tractor Market (by Mode of Operation), Units, 2022-2028; Table 82: U.K. Electric Farm Tractor Market (by Drivetrain Technology), $Million, 2022-2028; Table 83: U.K. Electric Farm Tractor Market (by Drivetrain Technology), Units, 2022-2028; Table 84: Rigitrac Traktorenbau AG: Product Portfolio; Table 85: Rigitrac Traktorenbau AG: Product Pricing; Table 86: CLAAS KGaA mbH: Pricing and Product Portfolio; Table 87: CLAAS KGaA mbH: Merger and Acquisition; Table 88: EOX Tractors: Product Portfolio; Table 89: EOX Tractors: Product Pricing; Table 90: EOX Tractors: Partnership, Agreement, and Collaboration; Table 91: EVE Srl: Product Portfolio; Table 92: SABI AGRI: Product Portfolio; Table 93: SABI AGRI: Product Pricing; Table 94: Other Key Players in Electric Farm Tractor Market