Global Electric Farm Tractor Market Analysis 2022

Global Electric Farm Tractor Market Analysis 2022

The Global Electric Farm Tractor Market is expected to reach $309.97 million by 2028 growing at a CAGR of 13.0% from 2021 to 2028. Electric farm tractors are tractors that utilize an electric motor to obtain drive as opposed to the conventional internal combustion engine. Electric farm tractors use a series of batteries to generate power and have fewer mechanical parts.

Factors such as increasing demand for electric tractors and rising awareness about clean and sustainable farming are driving the growth of the market. However, the implementation of stringent emission norms is restraining the growth of the market.

Based on drivetrain technology, the hybrid electric farm tractor segment is going to have a lucrative growth during the forecast period as hybrid vehicles are a great starting point for further growth in the electric farm tractor market as these vehicles are run by both fuel and battery. The tractors can be charged by a water wheel, windmill, or solar panels.

The key vendors mentioned are AGCO Corporation, Caterpillar Inc, Dongfend, Escorts Limited, J.C. Bamford Excavators Ltd., John Deere, Kubota Corporation, Mahindra and Mahindra, SOLECTRAC, Yanmar Co. Ltd. and CLAAS KGaA mbH.

Mode of Operations Covered:

• Autonomous
• Manual

Types Covered:

• Heavy-Duty Tractor
• Light & Medium-Duty Tractor

Drivetrain Technologies Covered:

• Plug-in Hybrid Electric Farm Tractor
• Hybrid Electric Farm Tractor
• Battery Electric Farm Tractor

Drive Types Covered:

• Four-Wheel
• Two-Wheel

Power Sources Covered:

• Solar Powered
• Battery Operated

Applications Covered:

• Seed Sowing
• Transportation
• Spraying
• Tillage (Primary & Secondary Tillage)
• Harvesting
• Fertilizing

Regions Covered:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period