Global Special Purpose Tractor Market - Introduction
Special purpose tractors have evolved significantly since the early days of tractor production. Special purpose tractors are standard tractors modified to perform a particular job better or to carry out a task a normal tractor would be unable to do. Few tasks performed by special purpose tractors are cotton fields, marshy land, hillside, garden etc.
Special Purpose Tractor Market - Competitive Landscape
In July 2019, International Tractors Ltd. (ITL) launched the Solis Yanmar tractor range in India. Earlier, Solis brand tractors manufactured base at Hoshiarpur in Punjab, making ITL India’s leading exporter of tractors. Solis Yanmar tractors offer multiple technologically-advanced features and superior comfort, which is expected to revolutionize the quality of ‘Made in India’ farm technologies.
Deere & Company
Founded in 1837, Deere & Company currently has its headquarters in Grand Detour, Illinois, U.S. Deere & Company is a global leader in the manufacture of farm equipment. The company also manufactures special purpose tractors for construction, forestry, and mining sectors. Its products primarily cater to customers in North America, followed by South America and Europe.
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Established in 1890, Kubota is a leading Japan-based company that manufactures tractors and heavy equipment. Its products include tractors and agricultural related equipment. The company is likely to focus on the manufacture of special purpose tractors in the near future.
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 significant large capacity to build tractors annually.
Global Special Purpose Tractor Market - Dynamics
Different farming conditions
Demand for agricultural equipment is increasing at a steady pace, owing to different farming conditions, which in turn is fueling the demand for special purpose tractors. Currently, farmers employ special purpose tractors to save working time & wastage of crops while farming on varied land and conditions. The high clearance tractor is a standard tractor with high ground clearance, as compared to that of a conventional tractor, and is used to spray fertilizers on the crops at the later stage of crop growth.
Increasing applications in agriculture industry
Economic growth plays a major role in a nation’s development. Presently, people are preferring tractors that can be utilized for multiple applications, which saves time and enhances productivity. Consequently, demand for the special purpose tractors is estimated to rise in the near future.HMT develop Tranter (Transport+ tractor), which can be used for farm work as well as transportation.
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Global Special Purpose Tractor Market - Segmentation
Based on application, the Special Purpose tractor market can be segmented into
- Mining Industry
Based on type of tractor, the global special purpose tractor market can be classified into
- Utility tractor
- Garden tractor
- Industrial tractor
- Row crop tractor
Based on power, the global special purpose tractor market can be divided into
- Less than 40HP
- 40HP to 80HP
- Greater than 80HP
Based on propulsion, the global special purpose tractor market can be bifurcated into
- Hybrid electric
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