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Agricultural Tractors Market

Agricultural Tractors Market (Engine Power; Propulsion; Drive Type: 2WD and 4WD; Level of Autonomy; and Application) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Agricultural Tractors Market Outlook 2031

  • The global agricultural tractors market valued at US$ 76.89 Bn in 2020
  • It is estimated to expand at a CAGR of 4% from 2021 to 2031
  • The global agricultural tractors market is expected to exceed the value of US$ 118.37 Bn by the end of 2031

Analysts’ Viewpoint on Agricultural Tractors Market Scenario

Companies in the agricultural tractors market are conducting data-driven research before investing in new manufacturing technologies since financial situations have been squeezed for many during coronavirus crisis. Although India holds lucrative incremental opportunities for companies in the agricultural tractors market, farmers are relatively slow in the adoption of new technologies such as driverless tractors. Nevertheless, this trend is changing as an increasing number of NGOs are empowering India’s agricultural sector, which is increasing farmers’ acceptance of smart agricultural tractors, machinery, and other equipment. Driverless tractors are being highly publicized for uniformly ploughing the fields. Even a slight acceleration or sudden brake by the driver results in furrows that are too deep or too shallow. Hence, companies in the market for agricultural tractors should increase the availability of driverless tractors to overcome such challenges of tractor owners.

Evolving Market Trends Triggering Innovations in High-powered Agricultural Tractors

The growing trend of farm mechanization is being largely driven by government policies, such as loan waivers, schemes, and policies that are expected to drive the growth of the agricultural tractors market in developing countries across the globe. Farm mechanization is a fast growing phenomenon in the market for agricultural tractors, since emerging economies are being uplifted by government efforts to revolutionize the agriculture industry.

Companies are developing high-powered tractors and expanding their network of dealers with the help of effective marketing strategies. Such trends are improving the commercial aspect of the global agricultural industry, which generally is considered technologically and commercially backward. It has been found that the demand for two-wheel drive tractors is expected to rise in the near future, due to changing requirements in farming activities such as the need to pull large-size implements on large acres of land.

Trade of Agricultural Tractors to Rise Post Coronavirus Crisis

The agricultural tractors market has witnessed relatively low-intensity disruptions due to the coronavirus outbreak. Similar to healthcare and food & beverage industries, the agricultural sector has been working at breakneck speeds to meet volatile demand & supply trends.

Agricultural tractor providers are adopting contingency planning to prevent disruptions across the availability of logistics services, customer demand, and supply of materials. Import & export of agricultural tractors are projected to rise, owing to increase in shipment and demand for the same. The reopening of country borders is helping resolve transport and logistic issues, owing to stringent regulations being followed during transport of raw materials.

Untapped Opportunities for Collaborations with Engineering Students Give Rise to Driverless Tractors

There is a rising demand for low-cost innovations in the agricultural tractors market. This demand has led to innovations in driverless tractors. Companies are expected to join forces with think-tanks and researchers that practice science experiments outside of the academic setup to form talent pools in their R&D centers.

First year engineering students are innovating in driverless tractors that are gaining recognition among popular news outlets. Companies in the market for agricultural tractors are gaining cognizance about driverless tractors and benefitting with innovations in these tractors, since they hold promising potentials to eliminate the costs associated with hiring a driver. Hence, companies in the market of agricultural tractors should collaborate with engineering talents to further innovate in driverless tractors.

Are Indian Farmers Ready for Next Big Shift toward Mechanization?

India, being one of the leading economies in Asia Pacific, is contributing to one of the highest estimated revenues among all regions throughout the forecast period in the agricultural tractors market. However, Indian farmers are relatively slow in the adoption of mechanized technologies as compared to those in India and China. Hence, government schemes such as the Balanced Farm Mechanization are being introduced to provide subsidies on agricultural tractors to increase mechanization levels among Indian farmers.

The goal of the Indian Government is to promote the agricultural sector through its Rashtriya Krishi Vikasa Yojana (RKVY).

Next-gen Self-driving Tractors Transforming Agricultural Tractors Market

Self-driving tractors are becoming a recurring trend in the global agricultural tractors market similar to autonomous cars that have become a fast-growing phenomenon. These leading-edge tractors are expected to increase agricultural yields and improve overall effectiveness & efficiency of stakeholders throughout the agricultural value chain.

Leading companies are innovating in autonomous tractors that produce zero emissions and provide a power output of 500 kW. They are increasing the availability of advanced tractors that offer versatility, dynamic performance, sophisticated technology, and unmatched utility, among other features.

Agricultural Tractors Market: Overview

  • Surge in demand for compact tractors in small farms and technological advancements, such as integrating telematics with agricultural tractors, rapid adoption of mechanization in the agriculture industry, and proactive government initiatives, along with increase in the number of medium-scale farmers across the globe are major factors expected to boost the agricultural tractors market during the forecast period

Drivers of Agricultural Tractors Market

  • Governments of various countries have promoted the adoption of machinery for agricultural activities across the globe. This has resulted in change from traditional agriculture practices to more mechanized processes.
  • India has a lower level of mechanization as compared to that of other developing countries such as China and Brazil; however, it is definitely in its growth stage. For instance, the Government of India is encouraging ‘Balanced Farm Mechanization,’ by providing subsidies on agricultural tractors to increase mechanization level, which is expected to boost the tractors market. Goal of the government is to promote the agricultural sector through its Rashtriya Krishi Vikasa Yojana (RKVY). The scheme is being implemented throughout India with 100% central assistance in order to increase level of farm mechanization in the agriculture sector in India.
  • Similarly, the Government of Canada has implemented the “Canadian Agricultural Loans Act” (CALA) program that provides farmers with a loan up to $500 Thousand for purchasing land or tractors. Thus, such government initiatives are expected to propel the agriculture tractors market during the forecast period.

Challenges for Agricultural Tractors Market

  • CNH Industrial, John Deere, and AGCO have expressed concerns about emission regulations in different parts of the world. Implementation of emission norms may limit the sales of construction and agricultural machinery. Significant investments are required in R&D in order to comply with amendments in emission regulations. Each market has its emission norms, which increases the complexity while designing components, primarily engines.
  • The Government of India implemented the BS Term IV regulation, which applies to diesel engine equipment, including agricultural tractors and construction equipment, which came into force in October 2020. Tractors of power <50 HP must comply with the new norms from October 2023. Thus, changing emission regulations to comply with government regulations may challenge the sale of tractors.
  • COVID-19 disrupted the whole supply chain; however, the agricultural industry seemed to have been impacted the least among all industries. This was primarily due to the steps taken by governments to include agricultural activities under essential services. The agricultural industry faced 4 major challenges amidst COVID-19: Limited supply of farm equipment parts, decline in sales of new tractor sales in the first half of 2020, shutdown of production facilities, and a decline in working capital. Despite the impact of COVID-19 on the agricultural tractors market, the market is expected to revive by the end of 2021.

Agricultural Tractors Market Segmentation

  • The global agricultural tractors market has been segmented based on engine power, propulsion, drive type, level of autonomy, application, and region
  • Based on engine power, the below 30 HP segment accounted for a major share of the global agricultural tractors market in 2020. The segment accounted for more than 60% share of the market in 2020. This high share can be attributed to low cost, compact size, and greater convenience offered by tractors of power below 30HP to perform all basic farming operations. This equipment is adopted primarily in Asia Pacific, where approximately 85% of farmlands are below 10 hectares, and these tractors are preferred by most farmers in the region. Furthermore, the electrification of tractors in the below 30 HP segment is expected to gain momentum during the forecast period.
  • Based on drive type, the agricultural tractors market has been bifurcated into 2WD and 4WD segments. In terms of revenue, the 2WD segment accounted for a major share of the global agricultural tractors market in 2020. The segment accounted for more than 70% share of the market in 2020. The segment is also estimated to expand at a notable growth rate during the forecast period. Low upfront costs and better maneuverability are long-term factors that are expected to drive the 2WD segment across the globe. 2WD tractors are highly preferred among middle-income farmers in across the globe.

Agricultural Tractors Market: Regional Analysis

  • Based on region, the global agricultural tractors market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • Asia Pacific accounted for a major share of the global agricultural tractors market. The Asia Pacific region includes China, India, Japan, South Korea, Australia, and others for the market analysis.
  • Increasing Gross Domestic Product (GDP), infrastructure investments, rising per capita income, growing inclination toward mechanization, and government initiatives for FDI, coupled with high containerized transportation have created significant opportunities for the farming business, which, in turn, is driving the agricultural tractors market in Asia Pacific.
  • Increasing farm mechanization driven by government efforts and subsidies/ loan waivers is expected to drive farm tractor sales in India. However, China has witnessed a decline in tractor sales in 2020 and 2019, owing to delays in farm equipment subsidies in Chinese provinces and the upgrade of emission regulations.

Agricultural Tractors Market: Competition Landscape

  • Key players operating in the global agricultural tractors market include
    • Deere & Company
    • Mahindra Group
    • Kubota Corporation
    • Massey Ferguson
    • New Holland
    • SDF Group
    • CNH Industrial N.V.
    • Eicher Motors Limited
    • Escorts Limited
    • Force Motors Limited
    • Mahindra & Mahindra Limited
    • International Tractors Limited (Sonalika)
    • TAFE Limited
  • Key players operating in the global agricultural tractors market are expanding their presence by engaging in mergers & acquisition activities or by establishing new facilities. For instance, in November 2021, John Deere developed new material collection systems and mechanical grapples for compact utility tractors. The New Frontier MG20F Mechanical Grapple offers a quick-attach solution for fast installation and features a 1,200-pound (544 kg) lift capacity.

Agricultural Tractors Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 76.89 Bn

Market Forecast Value in 2031

US$ 118.37 Bn

Growth Rate (CAGR)

4%

Forecast Period

2021-2031

Quantitative Units

‘000 Units for Volume and US$ Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porters Five Forces analysis, Value chain analysis, Maritime industry trend analysis, etc.

Competition Landscape
  • Market Share Analysis by Company (2020)
  • Company Profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.

Format

Electronic (PDF) + Excel

Market Segmentation
  • Engine Power
    • Below 30 HP
    • 30 HP- 100 HP
    • 100 HP- 200 HP
    • Above 200 HP
  • Propulsion
    • Internal Combustion Engine
      • Gasoline
      • Diesel
    • Electric
    • Others
  • Drive Type
    • 2WD
    • 4WD
  • Level of Autonomy
    • Manual Tractors
    • Autonomous & Semi-Autonomous Tractors
  • Application
    • Harvesting
    • Seed Sowing
    • Spraying
    • Others

Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Nordic Countries
  • Japan
  • China
  • India
  • South Korea
  • ASEAN
  • ANZ
  • Brazil
  • Mexico
  • Argentina
  • GCC Countries
  • Turkey
  • South Africa

Companies Profiled
  • Deere & Company
  • Mahindra Group
  • Kubota Corporation
  • Yanmar
  • Massey Ferguson
  • Farmtac
  • Dongfeng
  • Kioti Tractor
  • New Holland
  • SDF Group
  • Valtra Tractor
  • Argo Tractors S.p.A.
  • CNH Industrial N.V.
  • CLAAS Agricultural Machinery Private Limited.
  • Eicher Motors Limited.
  • Escorts Limited.
  • Force Motors Limited
  • Mahindra & Mahindra Limited.
  • International Tractors Limited. (Sonalika)
  • TAFE Limited.
  • Other Key Players

Customization Scope

Available upon Request

Pricing

Available upon Request

1. Executive Summary

    1.1. Global Market Outlook

        1.1.1. Market Value US$ Bn, 2017‒2031

    1.2. Competitive Dashboard Analysis

2. Market Overview

    2.1. TMR Analysis and Recommendations

    2.2. Market Coverage / Taxonomy

    2.3. Market Definition / Scope / Limitations

    2.4. Macro-Economic Factors

    2.5. Market Dynamics

        2.5.1. Drivers

        2.5.2. Restraints

        2.5.3. Opportunity

    2.6. Market Factor Analysis

        2.6.1. Porter’s Five Force Analysis

        2.6.2. SWOT Analysis

    2.7. Regulatory Scenario

    2.8. Key Trend Analysis

3. Industry Ecosystem Analysis

    3.1. Value Chain Analysis

    3.2. Vendor Matrix

    3.3. Gross Margin Analysis

4. Pricing Analysis

    4.1. Cost Structure Analysis

    4.2. Profit Margin Analysis

5. COVID-19 Impact Analysis – Agricultural Tractors Market

6. Global Agricultural Tractors Market, by Engine Power

    6.1. Market Snapshot

        6.1.1. Introduction, Definition, and Key Findings

        6.1.2. Market Growth & Y-o-Y Projections

        6.1.3. Base Point Share Analysis

    6.2. Global Agricultural Tractors Market Size Analysis & Forecast, by Engine Power, 2017‒2031

        6.2.1. Below 30 HP

        6.2.2. 30 HP- 100 HP

        6.2.3. 100 HP- 200 HP

        6.2.4. Above 200 HP

7. Global Agricultural Tractors Market, by Propulsion

    7.1. Market Snapshot

        7.1.1. Introduction, Definition, and Key Findings

        7.1.2. Market Growth & Y-o-Y Projections

        7.1.3. Base Point Share Analysis

    7.2. Global Agricultural Tractors Market Size Analysis & Forecast, by Propulsion, 2017‒2031

        7.2.1. Internal Combustion Engine

            7.2.1.1. Gasoline

            7.2.1.2. Diesel

        7.2.2. Electric

        7.2.3. Others

8. Global Agricultural Tractors Market, by Drive Type

    8.1. Market Snapshot

        8.1.1. Introduction, Definition, and Key Findings

        8.1.2. Market Growth & Y-o-Y Projections

        8.1.3. Base Point Share Analysis

    8.2. Global Agricultural Tractors Market Size Analysis & Forecast, by Drive Type, 2017‒2031

        8.2.1. 2WD

        8.2.2. 4WD

9. Global Agricultural Tractors Market, by Level of Autonomy

    9.1. Market Snapshot

        9.1.1. Introduction, Definition, and Key Findings

        9.1.2. Market Growth & Y-o-Y Projections

        9.1.3. Base Point Share Analysis

    9.2. Global Agricultural Tractors Market Size Analysis & Forecast, by Level of Autonomy, 2017‒2031

        9.2.1. Manual Tractors

        9.2.2. Autonomous & Semi-Autonomous Tractors

10. Global Agricultural Tractors Market, by Application

    10.1. Market Snapshot

        10.1.1. Introduction, Definition, and Key Findings

        10.1.2. Market Growth & Y-o-Y Projections

        10.1.3. Base Point Share Analysis

    10.2. Global Agricultural Tractors Market Size Analysis & Forecast, by Application, 2017‒2031

        10.2.1. Harvesting

        10.2.2. Seed Sowing

        10.2.3. Spraying

        10.2.4. Others

11. Global Agricultural Tractors Market, by Region

    11.1. Market Snapshot

        11.1.1. Introduction, Definition, and Key Findings

        11.1.2. Market Growth & Y-o-Y Projections

        11.1.3. Base Point Share Analysis

    11.2. Global Agricultural Tractors Market Size Analysis & Forecast, by Region, 2017‒2031

        11.2.1. North America

        11.2.2. Europe

        11.2.3. Asia Pacific

        11.2.4. Middle East & Africa

        11.2.5. Latin America

12. North America Agricultural Tractors Market

    12.1. Market Snapshot

    12.2. Agricultural Tractors Market Size Analysis & Forecast, by Engine Power, 2017‒2031

        12.2.1. Below 30 HP

        12.2.2. 30 HP- 100 HP

        12.2.3. 100 HP- 200 HP

        12.2.4. Above 200 HP

    12.3. Agricultural Tractors Market Size Analysis & Forecast, by Propulsion, 2017‒2031

        12.3.1. Internal Combustion Engine

            12.3.1.1. Gasoline

            12.3.1.2. Diesel

        12.3.2. Electric

        12.3.3. Others

    12.4. Agricultural Tractors Market Size Analysis & Forecast, by Drive Type, 2017‒2031

        12.4.1. 2WD

        12.4.2. 4WD

    12.5. Agricultural Tractors Market Size Analysis & Forecast, by Level of Autonomy, 2017‒2031

        12.5.1. Manual Tractors

        12.5.2. Autonomous & Semi-Autonomous Tractors

    12.6. Agricultural Tractors Market Size Analysis & Forecast, by Application, 2017‒2031

        12.6.1. Harvesting

        12.6.2. Seed Sowing

        12.6.3. Spraying

        12.6.4. Others

    12.7. Key Country Analysis – North America Agricultural Tractors Market Size Analysis & Forecast, 2017‒2031

        12.7.1. U.S.

        12.7.2. Canada

13. Europe Agricultural Tractors Market

    13.1. Market Snapshot

    13.2. Agricultural Tractors Market Size Analysis & Forecast, by Engine Power, 2017‒2031

        13.2.1. Below 30 HP

        13.2.2. 30 HP- 100 HP

        13.2.3. 100 HP- 200 HP

        13.2.4. Above 200 HP

    13.3. Agricultural Tractors Market Size Analysis & Forecast, by Propulsion, 2017‒2031

        13.3.1. Internal Combustion Engine

            13.3.1.1. Gasoline

            13.3.1.2. Diesel

        13.3.2. Electric

        13.3.3. Others

    13.4. Agricultural Tractors Market Size Analysis & Forecast, by Drive Type, 2017‒2031

        13.4.1. 2WD

        13.4.2. 4WD

    13.5. Agricultural Tractors Market Size Analysis & Forecast, by Level of Autonomy, 2017‒2031

        13.5.1. Manual Tractors

        13.5.2. Autonomous & Semi-Autonomous Tractors

    13.6. Agricultural Tractors Market Size Analysis & Forecast, by Application, 2017‒2031

        13.6.1. Harvesting

        13.6.2. Seed Sowing

        13.6.3. Spraying

        13.6.4. Others

    13.7. Key Country Analysis – Europe Agricultural Tractors Market Size Analysis & Forecast, 2017‒2031

        13.7.1. Germany

        13.7.2. U. K.

        13.7.3. France

        13.7.4. Italy

        13.7.5. Spain

        13.7.6. Nordic Countries

        13.7.7. Russia & CIS

        13.7.8. Rest of Europe

14. Asia Pacific Agricultural Tractors Market

    14.1. Market Snapshot

    14.2. Agricultural Tractors Market Size Analysis & Forecast, by Engine Power, 2017‒2031

        14.2.1. Below 30 HP

        14.2.2. 30 HP- 100 HP

        14.2.3. 100 HP- 200 HP

        14.2.4. Above 200 HP

    14.3. Agricultural Tractors Market Size Analysis & Forecast, by Propulsion, 2017‒2031

        14.3.1. Internal Combustion Engine

            14.3.1.1. Gasoline

            14.3.1.2. Diesel

        14.3.2. Electric

        14.3.3. Others

    14.4. Agricultural Tractors Market Size Analysis & Forecast, by Drive Type, 2017‒2031

        14.4.1. 2WD

        14.4.2. 4WD

    14.5. Agricultural Tractors Market Size Analysis & Forecast, by Level of Autonomy, 2017‒2031

        14.5.1. Manual Tractors

        14.5.2. Autonomous & Semi-Autonomous Tractors

    14.6. Agricultural Tractors Market Size Analysis & Forecast, by Application, 2017‒2031

        14.6.1. Harvesting

        14.6.2. Seed Sowing

        14.6.3. Spraying

        14.6.4. Others

    14.7. Key Country Analysis – Asia Pacific Agricultural Tractors Market Size Analysis & Forecast, 2017‒2031

        14.7.1. China

        14.7.2. India

        14.7.3. Japan

        14.7.4. ASEAN Countries

        14.7.5. South Korea

        14.7.6. ANZ

        14.7.7. Rest of Asia Pacific

15. Middle East & Africa Agricultural Tractors Market

    15.1. Market Snapshot

    15.2. Agricultural Tractors Market Size Analysis & Forecast, by Engine Power, 2017‒2031

        15.2.1. Below 30 HP

        15.2.2. 30 HP- 100 HP

        15.2.3. 100 HP- 200 HP

        15.2.4. Above 200 HP

    15.3. Agricultural Tractors Market Size Analysis & Forecast, by Propulsion, 2017‒2031

        15.3.1. Internal Combustion Engine

            15.3.1.1. Gasoline

            15.3.1.2. Diesel

        15.3.2. Electric

        15.3.3. Others

    15.4. Agricultural Tractors Market Size Analysis & Forecast, by Drive Type, 2017‒2031

        15.4.1. 2WD

        15.4.2. 4WD

    15.5. Agricultural Tractors Market Size Analysis & Forecast, by Level of Autonomy, 2017‒2031

        15.5.1. Manual Tractors

        15.5.2. Autonomous & Semi-Autonomous Tractors

    15.6. Agricultural Tractors Market Size Analysis & Forecast, by Application, 2017‒2031

        15.6.1. Harvesting

        15.6.2. Seed Sowing

        15.6.3. Spraying

        15.6.4. Others

    15.7. Key Country Analysis – Middle East & Africa Agricultural Tractors Market Size Analysis & Forecast, 2017‒2031

        15.7.1. GCC

        15.7.2. South Africa

        15.7.3. Turkey

        15.7.4. Rest of Middle East & Africa

16. Latin America Agricultural Tractors Market

    16.1. Market Snapshot

    16.2. Agricultural Tractors Market Size Analysis & Forecast, by Engine Power, 2017‒2031

        16.2.1. Below 30 HP

        16.2.2. 30 HP- 100 HP

        16.2.3. 100 HP- 200 HP

        16.2.4. Above 200 HP

    16.3. Agricultural Tractors Market Size Analysis & Forecast, by Propulsion, 2017‒2031

        16.3.1. Internal Combustion Engine

            16.3.1.1. Gasoline

            16.3.1.2. Diesel

        16.3.2. Electric

        16.3.3. Others

    16.4. Agricultural Tractors Market Size Analysis & Forecast, by Drive Type, 2017‒2031

        16.4.1. 2WD

        16.4.2. 4WD

    16.5. Agricultural Tractors Market Size Analysis & Forecast, by Level of Autonomy, 2017‒2031

        16.5.1. Manual Tractors

        16.5.2. Autonomous & Semi-Autonomous Tractors

    16.6. Agricultural Tractors Market Size Analysis & Forecast, by Application, 2017‒2031

        16.6.1. Harvesting

        16.6.2. Seed Sowing

        16.6.3. Spraying

        16.6.4. Others

    16.7. Key Country Analysis – Latin America Agricultural Tractors Market Size Analysis & Forecast, 2017‒2031

        16.7.1. Brazil

        16.7.2. Mexico

        16.7.3. Argentina

        16.7.4. Rest of Latin America

17. Competitive Landscape

    17.1. Company Share Analysis/ Brand Share Analysis, 2020

    17.2. Pricing comparison among key players

    17.3. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share)

18. Company Profile/ Key Players

        18.1.1. Deere & Company

            18.1.1.1. Company Overview

            18.1.1.2. Company Footprints

            18.1.1.3. Production Locations

            18.1.1.4. Product Portfolio

            18.1.1.5. Competitors & Customers

            18.1.1.6. Subsidiaries & Parent Organization

            18.1.1.7. Recent Developments

            18.1.1.8. Financial Analysis

            18.1.1.9. Profitability

            18.1.1.10. Revenue Share

        18.1.2. Mahindra Group

            18.1.2.1. Company Overview

            18.1.2.2. Company Footprints

            18.1.2.3. Production Locations

            18.1.2.4. Product Portfolio

            18.1.2.5. Competitors & Customers

            18.1.2.6. Subsidiaries & Parent Organization

            18.1.2.7. Recent Developments

            18.1.2.8. Financial Analysis

            18.1.2.9. Profitability

            18.1.2.10. Revenue Share

        18.1.3. Kubota Corporation

            18.1.3.1. Company Overview

            18.1.3.2. Company Footprints

            18.1.3.3. Production Locations

            18.1.3.4. Product Portfolio

            18.1.3.5. Competitors & Customers

            18.1.3.6. Subsidiaries & Parent Organization

            18.1.3.7. Recent Developments

            18.1.3.8. Financial Analysis

            18.1.3.9. Profitability

            18.1.3.10. Revenue Share

        18.1.4. Yanmar

            18.1.4.1. Company Overview

            18.1.4.2. Company Footprints

            18.1.4.3. Production Locations

            18.1.4.4. Product Portfolio

            18.1.4.5. Competitors & Customers

            18.1.4.6. Subsidiaries & Parent Organization

            18.1.4.7. Recent Developments

            18.1.4.8. Financial Analysis

            18.1.4.9. Profitability

            18.1.4.10. Revenue Share

        18.1.5. Massey Ferguson

            18.1.5.1. Company Overview

            18.1.5.2. Company Footprints

            18.1.5.3. Production Locations

            18.1.5.4. Product Portfolio

            18.1.5.5. Competitors & Customers

            18.1.5.6. Subsidiaries & Parent Organization

            18.1.5.7. Recent Developments

            18.1.5.8. Financial Analysis

            18.1.5.9. Profitability

            18.1.5.10. Revenue Share

        18.1.6. Farmtac

            18.1.6.1. Company Overview

            18.1.6.2. Company Footprints

            18.1.6.3. Production Locations

            18.1.6.4. Product Portfolio

            18.1.6.5. Competitors & Customers

            18.1.6.6. Subsidiaries & Parent Organization

            18.1.6.7. Recent Developments

            18.1.6.8. Financial Analysis

            18.1.6.9. Profitability

            18.1.6.10. Revenue Share

        18.1.7. Dongfeng

            18.1.7.1. Company Overview

            18.1.7.2. Company Footprints

            18.1.7.3. Production Locations

            18.1.7.4. Product Portfolio

            18.1.7.5. Competitors & Customers

            18.1.7.6. Subsidiaries & Parent Organization

            18.1.7.7. Recent Developments

            18.1.7.8. Financial Analysis

            18.1.7.9. Profitability

            18.1.7.10. Revenue Share

        18.1.8. Kioti Tractor

            18.1.8.1. Company Overview

            18.1.8.2. Company Footprints

            18.1.8.3. Production Locations

            18.1.8.4. Product Portfolio

            18.1.8.5. Competitors & Customers

            18.1.8.6. Subsidiaries & Parent Organization

            18.1.8.7. Recent Developments

            18.1.8.8. Financial Analysis

            18.1.8.9. Profitability

            18.1.8.10. Revenue Share

        18.1.9. New Holland

            18.1.9.1. Company Overview

            18.1.9.2. Company Footprints

            18.1.9.3. Production Locations

            18.1.9.4. Product Portfolio

            18.1.9.5. Competitors & Customers

            18.1.9.6. Subsidiaries & Parent Organization

            18.1.9.7. Recent Developments

            18.1.9.8. Financial Analysis

            18.1.9.9. Profitability

            18.1.9.10. Revenue Share

        18.1.10. SDF Group

            18.1.10.1. Company Overview

            18.1.10.2. Company Footprints

            18.1.10.3. Production Locations

            18.1.10.4. Product Portfolio

            18.1.10.5. Competitors & Customers

            18.1.10.6. Subsidiaries & Parent Organization

            18.1.10.7. Recent Developments

            18.1.10.8. Financial Analysis

            18.1.10.9. Profitability

            18.1.10.10. Revenue Share

        18.1.11. Valtra Tractor

            18.1.11.1. Company Overview

            18.1.11.2. Company Footprints

            18.1.11.3. Production Locations

            18.1.11.4. Product Portfolio

            18.1.11.5. Competitors & Customers

            18.1.11.6. Subsidiaries & Parent Organization

            18.1.11.7. Recent Developments

            18.1.11.8. Financial Analysis

            18.1.11.9. Profitability

            18.1.11.10. Revenue Share

        18.1.12. Argo Tractors S.p.A.

            18.1.12.1. Company Overview

            18.1.12.2. Company Footprints

            18.1.12.3. Production Locations

            18.1.12.4. Product Portfolio

            18.1.12.5. Competitors & Customers

            18.1.12.6. Subsidiaries & Parent Organization

            18.1.12.7. Recent Developments

            18.1.12.8. Financial Analysis

            18.1.12.9. Profitability

            18.1.12.10. Revenue Share

        18.1.13. CNH Industrial N.V.

            18.1.13.1. Company Overview

            18.1.13.2. Company Footprints

            18.1.13.3. Production Locations

            18.1.13.4. Product Portfolio

            18.1.13.5. Competitors & Customers

            18.1.13.6. Subsidiaries & Parent Organization

            18.1.13.7. Recent Developments

            18.1.13.8. Financial Analysis

            18.1.13.9. Profitability

            18.1.13.10. Revenue Share

        18.1.14. CLAAS Agricultural Machinery Private Limited.

            18.1.14.1. Company Overview

            18.1.14.2. Company Footprints

            18.1.14.3. Production Locations

            18.1.14.4. Product Portfolio

            18.1.14.5. Competitors & Customers

            18.1.14.6. Subsidiaries & Parent Organization

            18.1.14.7. Recent Developments

            18.1.14.8. Financial Analysis

            18.1.14.9. Profitability

            18.1.14.10. Revenue Share

        18.1.15. Eicher Motors Limited.

            18.1.15.1. Company Overview

            18.1.15.2. Company Footprints

            18.1.15.3. Production Locations

            18.1.15.4. Product Portfolio

            18.1.15.5. Competitors & Customers

            18.1.15.6. Subsidiaries & Parent Organization

            18.1.15.7. Recent Developments

            18.1.15.8. Financial Analysis

            18.1.15.9. Profitability

            18.1.15.10. Revenue Share

        18.1.16. Escorts Limited.

            18.1.16.1. Company Overview

            18.1.16.2. Company Footprints

            18.1.16.3. Production Locations

            18.1.16.4. Product Portfolio

            18.1.16.5. Competitors & Customers

            18.1.16.6. Subsidiaries & Parent Organization

            18.1.16.7. Recent Developments

            18.1.16.8. Financial Analysis

            18.1.16.9. Profitability

            18.1.16.10. Revenue Share

        18.1.17. Force Motors Limited

            18.1.17.1. Company Overview

            18.1.17.2. Company Footprints

            18.1.17.3. Production Locations

            18.1.17.4. Product Portfolio

            18.1.17.5. Competitors & Customers

            18.1.17.6. Subsidiaries & Parent Organization

            18.1.17.7. Recent Developments

            18.1.17.8. Financial Analysis

            18.1.17.9. Profitability

            18.1.17.10. Revenue Share

        18.1.18. Mahindra & Mahindra Limited.

            18.1.18.1. Company Overview

            18.1.18.2. Company Footprints

            18.1.18.3. Production Locations

            18.1.18.4. Product Portfolio

            18.1.18.5. Competitors & Customers

            18.1.18.6. Subsidiaries & Parent Organization

            18.1.18.7. Recent Developments

            18.1.18.8. Financial Analysis

            18.1.18.9. Profitability

            18.1.18.10. Revenue Share

        18.1.19. International Tractors Limited. (Sonalika)

            18.1.19.1. Company Overview

            18.1.19.2. Company Footprints

            18.1.19.3. Production Locations

            18.1.19.4. Product Portfolio

            18.1.19.5. Competitors & Customers

            18.1.19.6. Subsidiaries & Parent Organization

            18.1.19.7. Recent Developments

            18.1.19.8. Financial Analysis

            18.1.19.9. Profitability

            18.1.19.10. Revenue Share

        18.1.20. TAFE Limited.

            18.1.20.1. Company Overview

            18.1.20.2. Company Footprints

            18.1.20.3. Production Locations

            18.1.20.4. Product Portfolio

            18.1.20.5. Competitors & Customers

            18.1.20.6. Subsidiaries & Parent Organization

            18.1.20.7. Recent Developments

            18.1.20.8. Financial Analysis

            18.1.20.9. Profitability

            18.1.20.10. Revenue Share

        18.1.21. Other Key Players

List of Tables

Table 1: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Table 2: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Table 3: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Table 4: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Table 5: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 6: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Region, 2017‒2031

Table 7: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Table 8: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Table 9: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Table 10: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Table 11: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 12: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Table 13: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Table 14: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Table 15: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Table 16: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Table 17: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 18: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 19: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Table 20: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Table 21: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Table 22: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Table 23: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 24: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 25: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Table 26: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Table 27: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Table 28: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Table 29: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 30: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 31: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Table 32: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Table 33: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Table 34: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Table 35: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 36: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

List of Figures

Figure 1: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Figure 2: Global Agricultural Tractors Market, Incremental Opportunity, by Engine Power, Value (US$ Bn), 2021‒2031

Figure 3: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Figure 4: Global Agricultural Tractors Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2021‒2031

Figure 5: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Figure 6: Global Agricultural Tractors Market, Incremental Opportunity, by Drive Type, Value (US$ Bn), 2021‒2031

Figure 7: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Figure 8: Global Agricultural Tractors Market, Incremental Opportunity, by Level of Autonomy, Value (US$ Bn), 2021‒2031

Figure 9: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 10: Global Agricultural Tractors Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 11: Global Agricultural Tractors Market Value (US$ Bn) Forecast, by Region, 2017‒2031

Figure 12: Global Agricultural Tractors Market, Incremental Opportunity, by Region, Value (US$ Bn), 2021‒2031

Figure 13: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Figure 14: North America Agricultural Tractors Market, Incremental Opportunity, by Engine Power, Value (US$ Bn), 2021‒2031

Figure 15: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Figure 16: North America Agricultural Tractors Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2021‒2031

Figure 17: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Figure 18: North America Agricultural Tractors Market, Incremental Opportunity, by Drive Type, Value (US$ Bn), 2021‒2031

Figure 19: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Figure 20: North America Agricultural Tractors Market, Incremental Opportunity, by Level of Autonomy, Value (US$ Bn), 2021‒2031

Figure 21: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 22: North America Agricultural Tractors Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 23: North America Agricultural Tractors Market Value (US$ Bn) Forecast, by Country, 2017‒2031

Figure 24: North America Agricultural Tractors Market, Incremental Opportunity, by Country, Value (US$ Bn), 2021‒2031

Figure 25: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Figure 26: Europe Agricultural Tractors Market, Incremental Opportunity, by Engine Power, Value (US$ Bn), 2021‒2031

Figure 27: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Figure 28: Europe Agricultural Tractors Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2021‒2031

Figure 29: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Figure 30: Europe Agricultural Tractors Market, Incremental Opportunity, by Drive Type, Value (US$ Bn), 2021‒2031

Figure 31: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Figure 32: Europe Agricultural Tractors Market, Incremental Opportunity, by Level of Autonomy, Value (US$ Bn), 2021‒2031

Figure 33: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 34: Europe Agricultural Tractors Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 35: Europe Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Figure 36: Europe Agricultural Tractors Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Bn), 2021‒2031

Figure 37: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Figure 38: Asia Pacific Agricultural Tractors Market, Incremental Opportunity, by Engine Power, Value (US$ Bn), 2021‒2031

Figure 39: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Figure 40: Asia Pacific Agricultural Tractors Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2021‒2031

Figure 41: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Figure 42: Asia Pacific Agricultural Tractors Market, Incremental Opportunity, by Drive Type, Value (US$ Bn), 2021‒2031

Figure 43: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Figure 44: Asia Pacific Agricultural Tractors Market, Incremental Opportunity, by Level of Autonomy, Value (US$ Bn), 2021‒2031

Figure 45: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 46: Asia Pacific Agricultural Tractors Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 47: Asia Pacific Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Figure 48: Asia Pacific Agricultural Tractors Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Bn), 2021‒2031

Figure 49: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Figure 50: Middle East & Africa Agricultural Tractors Market, Incremental Opportunity, by Engine Power, Value (US$ Bn), 2021‒2031

Figure 51: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Figure 52: Middle East & Africa Agricultural Tractors Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2021‒2031

Figure 53: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Figure 54: Middle East & Africa Agricultural Tractors Market, Incremental Opportunity, by Drive Type, Value (US$ Bn), 2021‒2031

Figure 55: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Figure 56: Middle East & Africa Agricultural Tractors Market, Incremental Opportunity, by Level of Autonomy, Value (US$ Bn), 2021‒2031

Figure 57: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 58: Middle East & Africa Agricultural Tractors Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 59: Middle East & Africa Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Figure 60: Middle East & Africa Agricultural Tractors Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Bn), 2021‒2031

Figure 61: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Engine Power, 2017‒2031

Figure 62: Latin America Agricultural Tractors Market, Incremental Opportunity, by Engine Power, Value (US$ Bn), 2021‒2031

Figure 63: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

Figure 64: Latin America Agricultural Tractors Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2021‒2031

Figure 65: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Drive Type, 2017‒2031

Figure 66: Latin America Agricultural Tractors Market, Incremental Opportunity, by Drive Type, Value (US$ Bn), 2021‒2031

Figure 67: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Level of Autonomy, 2017‒2031

Figure 68: Latin America Agricultural Tractors Market, Incremental Opportunity, by Level of Autonomy, Value (US$ Bn), 2021‒2031

Figure 69: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Figure 70: Latin America Agricultural Tractors Market, Incremental Opportunity, by Application, Value (US$ Bn), 2021‒2031

Figure 71: Latin America Agricultural Tractors Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Figure 72: Latin America Agricultural Tractors Market, Incremental Opportunity, by Country & Sub-region, Value (US$ Bn), 2021‒2031

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Agricultural Tractors Market

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