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Electric Farm Tractor Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type (Light & Medium-Duty Tractor, Heavy-Duty Tractor); By Power Source (Battery Operated, Solar Power); By Drivetrain Technology (

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from $4,450 220 Pages BlueWeave Consulting November, 2022 BLWC17630862
Best Price Guarantee
Price from $4,450
Length 220 Pages
Publisher BlueWeave Consulting
Published Date November, 2022
SKU BLWC17630862

Electric Farm Tractor Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Type (Light & Medium-Duty Tractor, Heavy-Duty Tractor); By Power Source (Battery Operated, Solar Power); By Drivetrain Technology (Hybrid Electric Farm Tractor, Plug-in Hybrid Electric Farm Tractor, Battery Electric Farm Tractor); By Application (Tillage, Seed Sowing, Harvesting, Spraying & Fertilizing); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Global Electric Farm Tractor Market Size Set to Touch USD 533 Million by 2028
Global Electric Farm Tractor Market is flourishing because of electric being considered as an alternative to rising fossil fuel prices, an increasing demand for agricultural digitization and automation, skyrocketing demand for electric farm tractors, active government initiatives, and a growing emphasis on clean technologies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Global Electric Farm Tractor Market size to grow at a CAGR of 23% during the forecast period between 2022 and 2028, reaching a value of USD 532.9 million by 2028. Major growth drivers for global electric farm tractor market are strict government regulations to reduce pollution and high fossil fuel prices. Demand for electric farm tractors is increasing due to reduced power consumption and maintenance costs, combined with the capacity to transport heavier loads. Growing environmental concerns have prompted farmers to employ emission-free and environmentally friendly farming practices. Increasing electric farm tractor sales are projected to drive the global electric farm tractor market during the forecast period. However, the increase in rental market due to latest edge technologies and higher efficiency is anticipated to hamper the market growth during the period in analysis.

Global Electric Farm Tractor Market – Overview
Electric farm tractors consist electric motor that works on batteries to generate power and have minimal mechanical parts. The global electric farm tractor market is driven by growing focus on clean and sustainable agriculture. Furthermore, the increase in precise farming enables farmers to enhance operational efficiency to bridge the gap between agricultural products availability and consumers willing to purchase. Precision farming is a combination of strategies and tools that enable farmers to optimize and raise soil quality and productivity by implementing a set of targeted effective initiatives owing to latest edge technologies. In addition, precision farming technology makes better use of resources, such as water, seeds, land, fertilizers, and agricultural equipment. As a result, both the quality and quantity of harvested crops increase.
Global Electric Farm Tractor Market – Regional Analysis
Geographically, global electric farm tractor market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. The APAC region holds the highest market share in global market for electric farm tractors due to a spurring high demand for electric tractors in China and India. The agriculture sector is a critical component of India's economy. As a result, tractors are required to complete large-scale tasks. There is a considerable increase in demand for electric farm tractors in the region, which is being done to increase the field's total production.
Impact of COVID-19 on Global Electric Farm Tractor Market
COVID-19 pandemic adversely affected the supply chain for most of sectors around the world, including the electric farm tractor industry. Farmers' agricultural output was impaired by the COVID-19 pandemic, resulting in a decrease in revenue creation. As a result, farmers were unable to purchase advanced agricultural equipment. Furthermore, the imposition of a lockdown, travel restrictions, and the shutdown of industrial units has disrupted the whole supply chain, including farm equipment components procurement. As a result, new tractor production and sales fell, inhibiting worldwide electric farm tractor market growth. However, the market could grow rapidly following the easing of COVID-19-related restrictions worldwide.
Competitive Landscape
Major players operating in global electric farm tractor market include AGCO Corporation, Deere and Company, Kubota Corporation, Escorts Limited, Mahindra and Mahindra, Dongfend, SOLECTRAC, J.C. Bamford Excavators Ltd. (JCB), Alke, Cummins Inc., Fendt, Kubota Corporation, Motivo Engineering, Sonalika, Monarch Tractor, Yanmar Holdings Co., Ltd., AutoNxt Automation Pvt. Ltd., Cellestial, Ztractor, and EcoFactor. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product development.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Global Electric Farm Tractor Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Electric Farm Tractor Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Type Overview
1.3. Market Segmentation
2. Executive Summary
3. Global Electric Farm Tractor Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing public awareness of sustainable and clean farming
3.2.1.2. Electric farm tractors have lower maintenance costs and emissions than traditional farm tractors
3.2.2. Restraints
3.2.2.1. Rental market expansion
3.2.3. Opportunity
3.2.3.1. Expansion of precise farming
3.2.4. Challenges
3.2.4.1. Lack of charging infrastructure and battery technology
3.2.4.2. High initial cost of equipment
3.3. Technological Advancement/Recent Development
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Global Electric Farm Tractor Market Overview
4.1. Market Size & Forecast by Value, 2018-2028
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Type
4.2.1.1. Light & Medium-Duty Tractor
4.2.1.2. Heavy-Duty Tractor
4.2.2. By Power Source
4.2.2.1. Battery Operated
4.2.2.1.1. Lithium-Ion Battery
4.2.2.1.2. Lead-Acid Battery
4.2.2.1.3. Others
4.2.2.2. Solar Power
4.2.3. By Drivetrain Technology
4.2.3.1. Hybrid Electric Farm Tractor
4.2.3.2. Plug-in Hybrid Electric Farm Tractor
4.2.3.3. Battery Electric Farm Tractor
4.2.4. By Application
4.2.4.1. Tillage (primary & secondary tillage)
4.2.4.2. Seed Sowing
4.2.4.3. Harvesting
4.2.4.4. Others (spraying & fertilizing)
4.2.5. By Region
4.2.5.1. North America
4.2.5.2. Europe
4.2.5.3. Asia Pacific
4.2.5.4. Latin America
4.2.5.5. Middle East and Africa
5. North America Electric Farm Tractor Market
5.1.1. Market Size & Forecast by Value, 2018-2028
5.1.2. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Power Source
5.2.3. By Drivetrain Technology
5.2.4. By Application
5.2.5. By Country
5.2.5.1. United States
5.2.5.1.1. By Type
5.2.5.1.2. By Power Source
5.2.5.1.3. By Drivetrain Technology
5.2.5.1.4. By Application
5.2.5.2. Canada
5.2.5.2.1. By Type
5.2.5.2.2. By Power Source
5.2.5.2.3. By Drivetrain Technology
5.2.5.2.4. By Application
6. Europe Electric Farm Tractor Market
6.1. Market Size & Forecast by Value, 2018-2028
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Power Source
6.2.3. By Drivetrain Technology
6.2.4. By Application
6.2.5. By Country
6.2.5.1. Germany
6.2.5.1.1. By Type
6.2.5.1.2. By Power Source
6.2.5.1.3. By Drivetrain Technology
6.2.5.1.4. By Application
6.2.5.2. United Kingdom
6.2.5.2.1. By Type
6.2.5.2.2. By Power Source
6.2.5.2.3. By Drivetrain Technology
6.2.5.2.4. By Application
6.2.5.3. Italy
6.2.5.3.1. By Type
6.2.5.3.2. By Power Source
6.2.5.3.3. By Drivetrain Technology
6.2.5.3.4. By Application
6.2.5.4. France
6.2.5.4.1. By Type
6.2.5.4.2. By Power Source
6.2.5.4.3. By Drivetrain Technology
6.2.5.4.4. By Application
6.2.5.5. Spain
6.2.5.5.1. By Type
6.2.5.5.2. By Power Source
6.2.5.5.3. By Drivetrain Technology
6.2.5.5.4. By Application
6.2.5.6. The Netherlands
6.2.5.6.1. By Type
6.2.5.6.2. By Power Source
6.2.5.6.3. By Drivetrain Technology
6.2.5.6.4. By Application
6.2.5.7. Belgium
6.2.5.7.1. By Type
6.2.5.7.2. By Power Source
6.2.5.7.3. By Drivetrain Technology
6.2.5.7.4. By Application
6.2.5.8. NORDIC Countries
6.2.5.8.1. By Type
6.2.5.8.2. By Power Source
6.2.5.8.3. By Drivetrain Technology
6.2.5.8.4. By Application
6.2.5.9. Rest of Europe
6.2.5.9.1. By Type
6.2.5.9.2. By Power Source
6.2.5.9.3. By Drivetrain Technology
6.2.5.9.4. By Application
7. Asia Pacific Electric Farm Tractor Market
7.1. Market Size & Forecast by Value, 2018-2028
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Power Source
7.2.3. By Drivetrain Technology
7.2.4. By Application
7.2.5. By Country
7.2.5.1. China
7.2.5.1.1. By Type
7.2.5.1.2. By Power Source
7.2.5.1.3. By Drivetrain Technology
7.2.5.1.4. By Application
7.2.5.2. India
7.2.5.2.1. By Type
7.2.5.2.2. By Power Source
7.2.5.2.3. By Drivetrain Technology
7.2.5.2.4. By Application
7.2.5.3. Japan
7.2.5.3.1. By Type
7.2.5.3.2. By Power Source
7.2.5.3.3. By Drivetrain Technology
7.2.5.3.4. By Application
7.2.5.4. South Korea
7.2.5.4.1. By Type
7.2.5.4.2. By Power Source
7.2.5.4.3. By Drivetrain Technology
7.2.5.4.4. By Application
7.2.5.5. Australia & New Zealand
7.2.5.5.1. By Type
7.2.5.5.2. By Power Source
7.2.5.5.3. By Drivetrain Technology
7.2.5.5.4. By Application
7.2.5.6. Indonesia
7.2.5.6.1. By Type
7.2.5.6.2. By Power Source
7.2.5.6.3. By Drivetrain Technology
7.2.5.6.4. By Application
7.2.5.7. Malaysia
7.2.5.7.1. By Type
7.2.5.7.2. By Power Source
7.2.5.7.3. By Drivetrain Technology
7.2.5.7.4. By Application
7.2.5.8. Singapore
7.2.5.8.1. By Type
7.2.5.8.2. By Power Source
7.2.5.8.3. By Drivetrain Technology
7.2.5.8.4. By Application
7.2.5.9. Philippines
7.2.5.9.1. By Type
7.2.5.9.2. By Power Source
7.2.5.9.3. By Drivetrain Technology
7.2.5.9.4. By Application
7.2.5.10. Vietnam
7.2.5.10.1. By Type
7.2.5.10.2. By Power Source
7.2.5.10.3. By Drivetrain Technology
7.2.5.10.4. By Application
7.2.5.11. Rest of Asia Pacific
7.2.5.11.1. By Type
7.2.5.11.2. By Power Source
7.2.5.11.3. By Drivetrain Technology
7.2.5.11.4. By Application
8. Latin America Electric Farm Tractor Market
8.1. Market Size & Forecast by Value, 2018-2028
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Power Source
8.2.3. By Drivetrain Technology
8.2.4. By Application
8.2.5. By Country
8.2.5.1. Brazil
8.2.5.1.1. By Type
8.2.5.1.2. By Power Source
8.2.5.1.3. By Drivetrain Technology
8.2.5.1.4. By Application
8.2.5.2. Mexico
8.2.5.2.1. By Type
8.2.5.2.2. By Power Source
8.2.5.2.3. By Drivetrain Technology
8.2.5.2.4. By Application
8.2.5.3. Argentina
8.2.5.3.1. By Type
8.2.5.3.2. By Power Source
8.2.5.3.3. By Drivetrain Technology
8.2.5.3.4. By Application
8.2.5.4. Peru
8.2.5.4.1. By Type
8.2.5.4.2. By Power Source
8.2.5.4.3. By Drivetrain Technology
8.2.5.4.4. By Application
8.2.5.5. Colombia
8.2.5.5.1. By Type
8.2.5.5.2. By Power Source
8.2.5.5.3. By Drivetrain Technology
8.2.5.5.4. By Application
8.2.5.6. Rest of Latin America
8.2.5.6.1. By Type
8.2.5.6.2. By Power Source
8.2.5.6.3. By Drivetrain Technology
8.2.5.6.4. By Application
9. Middle East & Africa Electric Farm Tractor Market
9.1. Market Size & Forecast by Value, 2018-2028
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Power Source
9.2.3. By Drivetrain Technology
9.2.4. By Application
9.2.5. By Country
9.2.5.1. Saudi Arabia
9.2.5.1.1. By Type
9.2.5.1.2. By Power Source
9.2.5.1.3. By Drivetrain Technology
9.2.5.1.4. By Application
9.2.5.2. UAE
9.2.5.2.1. By Type
9.2.5.2.2. By Power Source
9.2.5.2.3. By Drivetrain Technology
9.2.5.2.4. By Application
9.2.5.3. Qatar
9.2.5.3.1. By Type
9.2.5.3.2. By Power Source
9.2.5.3.3. By Drivetrain Technology
9.2.5.3.4. By Application
9.2.5.4. Kuwait
9.2.5.4.1. By Type
9.2.5.4.2. By Power Source
9.2.5.4.3. By Drivetrain Technology
9.2.5.4.4. By Application
9.2.5.5. Iran
9.2.5.5.1. By Type
9.2.5.5.2. By Power Source
9.2.5.5.3. By Drivetrain Technology
9.2.5.5.4. By Application
9.2.5.6. South Africa
9.2.5.6.1. By Type
9.2.5.6.2. By Power Source
9.2.5.6.3. By Drivetrain Technology
9.2.5.6.4. By Application
9.2.5.7. Nigeria
9.2.5.7.1. By Type
9.2.5.7.2. By Power Source
9.2.5.7.3. By Drivetrain Technology
9.2.5.7.4. By Application
9.2.5.8. Kenya
9.2.5.8.1. By Type
9.2.5.8.2. By Power Source
9.2.5.8.3. By Drivetrain Technology
9.2.5.8.4. By Application
9.2.5.9. Egypt
9.2.5.9.1. By Type
9.2.5.9.2. By Power Source
9.2.5.9.3. By Drivetrain Technology
9.2.5.9.4. By Application
9.2.5.10. Morocco
9.2.5.10.1. By Type
9.2.5.10.2. By Power Source
9.2.5.10.3. By Drivetrain Technology
9.2.5.10.4. By Application
9.2.5.11. Algeria
9.2.5.11.1. By Type
9.2.5.11.2. By Power Source
9.2.5.11.3. By Drivetrain Technology
9.2.5.11.4. By Application
9.2.5.12. Rest of Middle East & Africa
9.2.5.12.1. By Type
9.2.5.12.2. By Power Source
9.2.5.12.3. By Drivetrain Technology
9.2.5.12.4. By Application
10. Competitive Landscape
10.1. List of Key Players and Their Offerings
10.2. Global Electric Farm Tractor Company Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
11. Impact of Covid-19 on Global Electric Farm Tractor Market
12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
12.1. AGCO Corporation
12.2. Deere and Company
12.3. Kubota Corporation
12.4. Escorts Limited
12.5. Mahindra and Mahindra
12.6. Dongfend
12.7. SOLECTRAC
12.8. J.C. Bamford Excavators Ltd. (JCB)
12.9. Alke
12.10. Cummins Inc.
12.11. Fendt
12.12. Kubota Corporation
12.13. Motivo Engineering
12.14. Sonalika
12.15. Monarch Tractor
12.16. Yanmar Holdings Co., Ltd.
12.17. AutoNxt Automation Pvt. Ltd.
12.18. Cellestial
12.19. Ztractor
12.20. EcoFactor
12.21. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
14.1. Qualitative Research
14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
14.3.1. Secondary Research
14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations

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