Industrial Tractor Market - Introduction

Industrial tractors is the term used for tractors that are specially designed for industrial applications. Industrial tractors are utilized for pulling operations and are not fitted with the three point linkages, instead they are fitted with drawbars. Moreover, industrial tractors have only the basic design of tractors and have tires that suitable for use on road and yards. Solid tires are preferably used in industrial tractors.

Industrial Tractor Market - Competitive Landscape

AGCO Corporation, TOYOTA INDUSTRIES CORPORATION, Mahindra & Mahindra, TAFE, John Deere, UniCarriers, and DEUTZ-FAHR are leading manufacturers of industrial tractors. Most of the listed manufacturers have presence in farm tractor manufacturing which, by changing the attachment of the tractor, have been extensively utilized for material handling in various industries. TOYOTA INDUSTRIES CORPORATION is a prominent player in the manufacture of material handling equipment. Its wide product portfolio includes electric equipment that are utilized for industrial applications.

AGCO Corporation

Established in 1990, AGCO Corporation is presently based in Duluth, Georgia, U.S. It is a leading manufacturer of utility tractors. The company has a global presence with manufacturing & distribution facilities located across North America, South America, Asia Pacific & Africa, Europe, and the Middle East.

TOYOTA INDUSTRIES CORPORATION

Founded in 1926, TOYOTA INDUSTRIES CORPORATION is headquartered in Aichi, Japan. It is a leading manufacturer of industrial tractors. The company has global presence and specializes in the development of latest technologies for towing tractors. In February 2019, the company collaborated with Japan’s prominent airline company, All Nippon Airways, for trial of  Japan’s first autonomous towing tractors at Saga Airport, Japan.

Find out more about our latest report on industrial tractor market with exclusive Report brochure here

Mahindra & Mahindra Ltd.

Established in 1945, Mahindra & Mahindra is presently based in Mumbai, India. The company has global presence and has a wide product portfolio. Mahindra & Mahindra Ltd. has presence in diverse service and manufacturing sectors and is a leading automotive company based in India. The company is a leader player in the global tractor market and has sold the largest volume of tractors across globe.

Deere & Company

Deere & Company is a leading manufacturer of tractors. The company’s headquarters are presently located in Grand Detour, Illinois, U.S. It operates through a network of facilities spread across 30 countries worldwide. The company operates through four major business segments: Deere equipment operations, construction & forestry, agriculture & turf, and financial services.

Industrial Tractor Market Dynamics

Expansion of industries across globe with high investment of the manufacturing companies in developing regions

Industries across the globe are expanding at a significant pace, owing to rising consumption of the goods by society. Increased purchase power parity and technological development have been boosting the industrial sector in the last few years. Large number of equipment are used for easy management of goods within the within the manufacturing premises or within the manufacturing location, which is driving the demand for industrial tractors significantly.

Adoption of automation among industries is significantly boosting the demand for industrial tractors, as they reduce the involvement of humans required to tow or shift material or goods within the production or manufacturing facility. Developing nations are likely to propel the market for industrial tractor owing to the increase in number of industries in developing countries.

Market for the electric and autonomous industrial tractor is anticipated to expand significantly across the globe, owing to high focus on the adoption of clean fuel and higher precision work.

Use of farm tractors in small-scale industries

Most small-scale industries use farm tractors to carry out hauling or pulling operations within the production or manufacturing facility and in several cases, they are used by installing the loaders bucket in the tractors. This, in turn, is significantly hampering the industrial tractor market. Moreover, several small-scale industries employ forklifts for multiple applications and hence, do not require industrial tractors, which in turn is hindering the industrial tractor market.

Looking for exclusive market insights on industrial tractor market? Request a Custom Report here

Industrial Tractor Market Segmentation

Based on application, the industrial tractor market can be classified into

  • Warehouse/ Manufacturing industries
  • Airports
  • Vehicle Fleets

Based on the autonomy level, the industrial tractor market can be divided into

  • Manual
  • Semi-autonomous
  • Fully Autonomous

Based on fuel type, the industrial tractor market can be split into

  • Diesel Tractors
  • Gasoline Tractors
  • Electric Tractors

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.