4WD tractor Market - Introduction
A four-wheel drive (4WD) tractor comes with four-wheel drive axle that distributes power to all four wheels. This system enables the tractor it to operate across all types of terrain and soil conditions. In 4WD tractors, all four wheels are driven which provides speed, less slippage, and better performance. Even weight distribution on both the front and rear axle prevent the front end of the tractor from lifting or raising during heavy work load on the rear. These tractors are utilized in a wide range of applications such as harvesting, straw reaping, puddling, agriculture material handling, in the agriculture sector. They are also extensively employed in construction and mining industries.
Global 4WD tractor Market - Competitive Landscape
In December 2018, John Deere unveiled a 28 HP 4WD tractor for small farmlands in competition to Mahindra & Mahindra’s Jivo 24 HP. The new 3028EN offers advanced features and new technology.
In 2018, Mahindra & Mahindra’s Farm Equipment Sector (FES) launched a range of 4WD tractors under the NOVO, YUVO, and JIVO brands, in India. These tractors provide a wide in a range power such as NOVO 65HP, YUVO 45HP, and JIVO 24HP.
Established in 1925, Caterpillar, Inc. is presently based in Deerfield, IL, U.S. It is a leading manufacturer of agricultural machinery and equipment. The company is a major manufacturer of construction and mining equipment and offers products through 21 brands. The company having large number of contribution in the manufacturing of 4WD tractors.
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Deere & Company
Founded in 1837, Deere & Company is currently headquartered in Grand Detour, Illinois, U.S. Deere & Company is a global leader in the manufacture of farm equipment. The company also manufactures equipment for construction, forestry, and mining sectors. Its products are primarily sold in North America, followed by South America and Europe.
Mahindra Tractors is a leading global company that manufactures farm equipment. Mahindra primarily caters to markets in India, China, North America, and an expanding market in Australia. In 2010, Mahindra became the world's highest-selling tractor brand, in terms of volume. The company is the largest manufacturer of tractors in India and has a significantly large capacity to build tractors annually.
Global 4WD Tractor Market - Dynamics
Future of mountain agriculture
Countries with a significantly large percentage of their land comprises uneven lands and mountains are witnessing an increase in agricultural activities. Demand for 4 WD tractors is rising in regions and countries such as North America, India (Nepal & Himalaya), African highlands, and Morocco.
Rising demand for agricultural products globally driving demand for 4WD tractors
Rate of adoption of agricultural equipment is considerably high in developing and developed countries where agriculture is a major contributor to their respective economies, which in turn is boosting the rate of harvesting. Increasing population is fueling the demand for agricultural product consistently, which further boosts the demand for powerful tractors with 4WD. Presently, farmers require large and more powerful tractors for heavy applications in farming in order to boost agricultural yield. This, in turn, is estimated to propel the demand for 4WD tractors in the near future.
Rise in applications in mining and construction industries
Apart from farming applications, presently, tractors are being extensively used to transport heavy loads in mining and construction industries. Therefore, requirement for superior performance tractors is likely to drive the demand for 4WD tractors in the near future.
Accidents may occur during the transportation of heavy loads in farms or industries, 4 WD tractors have equal distribution of load on both axles, thereby preventing the lifting of the front wheels, which in turn avoids wastage of goods and enhances safety while driving. This is a key factor driving the demand for 4 WD tractors.
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Global 4WD Tractor Market - Segmentation
Based on application, the global 4WD tractor market can be segmented into
Based on horse power, the global 4WD tractor market can be classified into
Based on mode of operation, the global 4WD tractor market can be bifurcated into
Based on propulsion, the global 4WD tractor market can be split into
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