Global Farm Tractors Market Growth 2023-2029

Global Farm Tractors Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Farm Tractors Industry Forecast” looks at past sales and reviews total world Farm Tractors sales in 2022, providing a comprehensive analysis by region and market sector of projected Farm Tractors sales for 2023 through 2029. With Farm Tractors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Farm Tractors industry.
This Insight Report provides a comprehensive analysis of the global Farm Tractors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Farm Tractors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Farm Tractors market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Farm Tractors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Farm Tractors.
The global Farm Tractors market size is projected to grow from US$ 10410 million in 2022 to US$ 16870 million in 2029; it is expected to grow at a CAGR of 16870 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Farm Tractors market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Wheel Tractor
Crawler Tractor
Segmentation by application
Harvesting
Haying
Planting and Fertilizing
Plowing and Cultivating
Spraying
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
CNH Industrial
Deere
AGCO Corporation
Same Deutz-Fahr
Claas
Kubota
Agri Argo
JCB
ITMCO
MTZ (Minsk)
Mahindra
China YTO
Key Questions Addressed in this Report
What is the 10-year outlook for the global Farm Tractors market?
What factors are driving Farm Tractors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Farm Tractors market opportunities vary by end market size?
How does Farm Tractors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.