Global Tractor Market By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above), By Drive Type (Two-Wheel Drive & Four-Wheel Drive), By Application (Agriculture & Non-Agriculture), By Region, Competition Forecast & Opportunities, 2016-2026

  • Industry : Automotive
  • Pages : 110
  • Published Date : July, 2021
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Summary

Report Description

Global tractor market is anticipated to grow at a robust growth rate of 4.96% during the forecast period, owing to sustainable expenditure of farmers & increase in demand of mechanization in agriculture and logistics industry. The global tractor market stood at around 1.99 million units in the year ending December 2020. Strengthening of financial state of global agriculture industry by loan waivers, availability of subsidized rate of commodities and growing popularity of bank financing are the key factors responsible for the growth of tractor market worldwide for next five years.

India, being the largest tractor producer and market in the world, is expected to grow at a CAGR of 7.94% in the forecast period. According to the India Brand Equity Foundation, agriculture is the primary source of livelihood for about 58% of India’s population. Gross Value Added (GVA) by agriculture, forestry, and fishing was estimated at USD276.37 billion (INR19.48 lakh crore) in FY2020. Share of agriculture and allied sectors in gross value added of India at current prices stood at 17.8% in FY2020. Consumer spending in India will return to growth in 2021 post the pandemic-led contraction, expanding by as much as 6.6%.  The Government of India is aiming to double farmers’ income by 2022 and has set a target to increase agricultural export to over USD60 billion by 2022. Principal agricultural commodities export for April-December 2020 stood at around USD28.47 billion and such massive production needs are booming the country’s agricultural mechanization demand and are aiding the growth of tractor sales. In November 2020, the government inaugurated a mega food park in Punjab worth USD14.6 million (INR107.83 crores) that will be spread over 55 acres of land. In October 2020, Agri-lender NABARD (National Bank for Agriculture and Rural Development) proposed plans to set up a subsidiary to provide guarantee for loans under agriculture and rural development. Such schemes and programs are expected to create a stronghold domestic demand in the country which will benefit both the sales and export throughout the globe.

The global tractor market is classified based on application type, by power output, by drive type, and by region. Based on application type, the market is segmented into agriculture and non-agricultural purposes. Tractor used in agriculture sector captured a majority of the market, because of its all-purpose farming use like plowing, tilling, planting, etc. and is expected to witness robust growth in the upcoming years. In terms of engine power output, tractors are distinguished amongst three categories, tractors with rated engines under 40HP, 40HP to 100HP and of above 100HP. Since cost of the tractor is a major factor of the sector’s demand, however, respective power output is also a major concern. Hence, mid-range tractors with rated power output of 40HP to 100HP currently dominate the market and will continue to grow sustainably. Although, with growing needs of heavy mechanization in large scale farming, tractors with heavy output of 100HP and above rated output are continuously adding up sales in the market. On the basis of drive type, market is segmented among two-wheel drive and four-wheel drive. Two-wheel drive tractors being powerful enough for farming & other agricultural activities and providing a benefit of economic affordability, hold a major share of the global tractor market. However, with increasing farmers’ income and agricultural needs of the global population heavy four-wheel drive tractors are increasing the sales of tractors also.

In addition to that, by region, the market is distributed into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. Majority of mechanized farming demands come from Asian & North American countries, hence organizing themselves as leaders of the mainstream market. India, China & United States of America are the three largest tractor producers and markets in the world, respectively. India and USA are expected to grow at a CAGR of 7.94% and 3.22%, respectively and will help boost the market in the forecasting period, whereas China will recover the historic sales and gradually bring a positive outlook to the global tractor market.  

Due to the implementation of lockdown to prevent the spread of the COVID-19 pandemic, sales of tractors in the end of first quarter and in the starting month of second quarter slightly declined in most of the countries. However, a very strong agricultural & food demand was followed afterwards in the remaining year of 2020, driving the year’s performance to a positive trend. India and China witnessed a massive increase of 10.94% and 53.12% in 2020 as compared to 2019 sales, respectively. Nevertheless, in some of the countries including Japan, France, Italy, United Kingdom, Spain, Belgium, etc. witnessed a degrowth in the year 2020, mainly due to contraction of production units and halt on international trade. However, the market rapidly is seen to be recovering at a good pace and is expected to overcome in the 2021-2022 period. Hence, giving positive outlook to the market eventually.

Mahindra & Mahindra Ltd. holds the largest share in the global tractor market, followed by Deere & Co. (John Deere) and Tractor & Farm Equipments Ltd., which holds double-digit shares individually. Other international leaders of the market are Sonalika International Tractors Ltd., Escorts Ltd., Kubota Corporation, CNH Industrial N.V, AGCO Corporation (with subsidiary brands: Massey Fergusson, Valtra & Fendt), Case IH, Claas KGaAmbH, YTO Group (Dongfanghong), Deutz-Fahr GmbH, and Dongfeng Agricultural Machinery Group Co., Ltd., etc.

Years considered for this report:

Historical Period: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

o    To analyze and forecast the market size of the Global Tractor Market, in terms of value and volume.

o    To classify and forecast the Global Tractor Market based on Application Type, By Power Output, By Drive type, By Region and By Company.

o    To identify drivers and challenges for the Global Tractor Market.

o    To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Tractor Market.

o    To identify and analyze the profile of leading players involved in the the Global Tractor Market. 

 

 

 

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TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of tractor manufacturers, present globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, application, distribution channel and regional presence of all tractor manufacturers across Global.

TechSci Research calculated the market size of Global Tractor market using a bottom up approach, where data for various end-user segments were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. TechSci Research also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports.


Key Target Audience:

o    Global tractor manufacturers, suppliers/ dealers and other stakeholders

o    Government bodies such as regulating authorities and policy makers

o    Organizations, forums and alliances related to Global Tractor Market

o    Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tractor manufacturers, distributors and dealers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion. Thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Global Tractor Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

o    Global Tractor Market, By Power Output:

·         Under 40HP

·         40HP - Under 100HP

·         100HP & Above

o    Global Tractor Market, By Drive Type:

·         Two-Wheel Drive

·         Four-Wheel Drive

o    Global Tractor Market, By Application Type:

·         Agriculture Tractor

·         Non-Agriculture

o    Global Tractor Market, By Region:

·         Asia-Pacific

§  India

§  China

§  Japan

§  Australia

§  Rest of Asia-Pacific

·         Europe

§  Turkey

§  Germany

§  France

§  Italy

§  United Kingdom

§  Spain

§  Portugal

§  Belgium

§  Austria

§  Rest of the Europe

·         North America

§  USA

§  Canada

§  Mexico

·         South America

§  Brazil

§  Argentina

§  Rest of Europe

·         Middle East & Africa

§  South Africa

§  Kenya

§  Saudi Arabia

§  Rest of Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Tractor Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

o    Detailed analysis and profiling of additional market players (up to ten).

Pricing Analysis

o    Pricing analysis for all the models of leading tractor brands.

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Tractor Market

4.    Executive Summary

5.    Voice of Customers/Customer Insights

5.1.  Factors Influencing Purchase Decision

5.2.  Influencer of Purchase

5.3.  Unaided/Aided Brand Recall

5.4.  Brand Satisfaction Level

6.    Global Tractor Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & By Volume

6.2.  Market Share & Forecast

6.2.1.     By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

6.2.2.     By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

6.2.3.     By Application (Agriculture & Non-Agriculture)

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Product Market Map (By Drive Type)

7.    Asia-Pacific Tractor Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & By Volume

7.2.  Market Share & Forecast

7.2.1.     By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

7.2.2.     By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

7.2.3.     By Application (Agriculture & Non-Agriculture)

7.2.4.     By Country (India, China, Japan, Australia and Rest of Asia-Pacific)

7.3.  Product Market Map (By Drive Type)

7.4.  Asia-Pacific: Country Analysis

7.4.1.     India Tractor Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & By Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

7.4.1.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

7.4.1.2.3.             By Application (Agriculture & Non-Agriculture)

7.4.1.3.         Product Market Map (By Drive Type)

7.4.2.     China Tractor Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & By Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

7.4.2.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

7.4.2.2.3.             By Application (Agriculture & Non-Agriculture)

7.4.2.3.         Product Market Map (By Drive Type)

7.4.3.     Japan Tractor Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & By Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

7.4.3.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

7.4.3.2.3.             By Application (Agriculture & Non-Agriculture)

7.4.3.3.         Product Market Map (By Drive Type)

7.4.4.     Australia Tractor Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & By Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

7.4.4.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

7.4.4.2.3.             By Application (Agriculture & Non-Agriculture)

7.4.4.3.         Product Market Map (By Drive Type)

8.    North America Tractor Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & By Volume

8.2.  Market Share & Forecast

8.2.1.     By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

8.2.2.     By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

8.2.3.     By Application (Agriculture & Non-Agriculture)

8.2.4.     By Country (United States, Canada & Mexico)

8.3.  Product Market Map (By Drive Type)

8.4.  North America: Country Analysis

8.4.1.     United States Tractor Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & By Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

8.4.1.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

8.4.1.2.3.             By Application (Agriculture & Non-Agriculture)

8.4.1.3.         Product Market Map (By Drive Type)

8.4.2.     Canada Tractor Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & By Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

8.4.2.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

8.4.2.2.3.             By Application (Agriculture & Non-Agriculture)

8.4.2.3.         Product Market Map (By Drive Type)

8.4.3.     Mexico Tractor Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & By Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

8.4.3.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

8.4.3.2.3.             By Application (Agriculture & Non-Agriculture)

8.4.3.3.         Product Market Map (By Drive Type)

9.    Europe Tractor Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & By Volume

9.2.  Market Share & Forecast

9.2.1.     By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.2.2.     By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.2.3.     By Application (Agriculture & Non-Agriculture)

9.2.4.     By Country (Turkey, Germany, France, Italy, United Kingdom, Spain, Portugal, Belgium, Austria, and Rest of Europe)

9.3.  Product Market Map (By Drive Type)

9.4.  Europe: Country Analysis

9.4.1.     Turkey Tractor Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & By Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.1.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.1.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.1.3.         Product Market Map (By Drive Type)

9.4.2.     Germany Tractor Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & By Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.2.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.2.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.2.3.         Product Market Map (By Drive Type)

9.4.3.     France Tractor Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & By Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.3.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.3.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.3.3.         Product Market Map (By Drive Type)

9.4.4.     Italy Tractor Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value & By Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.4.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.4.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.4.3.         Product Market Map (By Drive Type)

9.4.5.     United Kingdom Tractor Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value & By Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.5.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.5.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.5.3.         Product Market Map (By Drive Type)

9.4.6.     Spain Tractor Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value & By Volume

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.6.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.6.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.6.3.         Product Market Map (By Drive Type)

9.4.7.     Portugal Tractor Market Outlook

9.4.7.1.         Market Size & Forecast

9.4.7.1.1.             By Value & By Volume

9.4.7.2.         Market Share & Forecast

9.4.7.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.7.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.7.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.7.3.         Product Market Map (By Drive Type)

9.4.8.     Belgium Tractor Market Outlook

9.4.8.1.         Market Size & Forecast

9.4.8.1.1.             By Value & By Volume

9.4.8.2.         Market Share & Forecast

9.4.8.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.8.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.8.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.8.3.         Product Market Map (By Drive Type)

9.4.9.     Austria Tractor Market Outlook

9.4.9.1.         Market Size & Forecast

9.4.9.1.1.             By Value & By Volume

9.4.9.2.         Market Share & Forecast

9.4.9.2.1.             By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

9.4.9.2.2.             By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

9.4.9.2.3.             By Application (Agriculture & Non-Agriculture)

9.4.9.3.         Product Market Map (By Drive Type)

10.  South America Tractor Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & By Volume

10.2.              Market Share & Forecast

10.2.1.  By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

10.2.2.  By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

10.2.3.  By Application (Agriculture & Non-Agriculture)

10.2.4.  By Country (Brazil, Argentina and Rest of South America)

10.3.              Product Market Map (By Drive Type)

10.4.              South America: Country Analysis

10.4.1.  Brazil Tractor Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & By Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

10.4.1.2.2.           By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

10.4.1.2.3.           By Application (Agriculture & Non-Agriculture)

10.4.1.3.      Product Market Map (By Drive Type)

10.4.2.  Argentina Tractor Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & By Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

10.4.2.2.2.           By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

10.4.2.2.3.           By Application (Agriculture & Non-Agriculture)

10.4.2.3.      Product Market Map (By Drive Type)

11.  Middle East & Africa Tractor Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & By Volume

11.2.              Market Share & Forecast

11.2.1.  By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

11.2.2.  By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

11.2.3.  By Application (Agriculture & Non-Agriculture)

11.2.4.  By Country (South Africa, Kenya, Saudi Arabia, and Rets of Middle East & Africa)

11.3.              Product Market Map (By Drive Type)

11.4.              Middle East & Africa: Country Analysis

11.4.1.  South Africa Tractor Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value & By Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

11.4.1.2.2.           By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

11.4.1.2.3.           By Application (Agriculture & Non-Agriculture)

11.4.1.3.      Product Market Map (By Drive Type)

11.4.2.  Kenya Tractor Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value & By Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

11.4.2.2.2.           By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

11.4.2.2.3.           By Application (Agriculture & Non-Agriculture)

11.4.2.3.      Product Market Map (By Drive Type)

11.4.3.  Saudi Arabia Tractor Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value & By Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Power Output (Under 40 HP, 40 HP - Under 100 HP and 100 HP & Above)

11.4.3.2.2.           By Drive Type (Two-Wheel Drive & Four-Wheel Drive)

11.4.3.2.3.           By Application (Agriculture & Non-Agriculture)

11.4.3.3.      Product Market Map (By Drive Type)

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Pricing Analysis

15.  Competitive Landscape

15.1.    Mahindra & Mahindra Ltd.

15.2.    Deere & Co. (John Deere)

15.3.    Tractors & Farm Equipments Ltd.

15.4.    Sonalika International Tractors Ltd.

15.5.    Escorts Ltd.

15.6.    Kubota Corporation

15.7.    CNH Industrial N.V. (New Holland)

15.8.    AGCO Group

15.9.    YTO Group (Dongfanghong)

15.10.  Dongfeng Agricultural Machinery Group Co., Ltd

16 16.  Strategic Recommendations

17 17.   About Us & Disclaimer

Figures and Tables

Figure 1: Global Tractor Market - Factors Influencing Purchase Decision (N=100)

Figure 2: Global Tractor Market – Influencer of Purchase (N=100)

Figure 3: Global Tractor Market – Aided Brand Recall (N=100)

Figure 4: Global Tractor Market – Unaided Brand Recall (N=100)

Figure 5: Global Tractor Market - Brand Satisfaction Level, By Price (N=100)

Figure 6: Global Tractor Market - Brand Satisfaction Level, By After Sales Service (N=100)

Figure 7: Global Tractor Market - Brand Satisfaction Level, By Maintenance Cost (N=100)

Figure 8: Global Tractor Market - Brand Satisfaction Level, By Performance (N=100)

Figure 9: Global Tractor Market - Brand Satisfaction Level (N=100)

Figure 10: Global Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 11: Global Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 12: Global Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 13: Global Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 14: Global Tractor Market Share, By Company, By Volume, 2016-2026F

Figure 15: Global Tractor Market Share, By Region, By Volume, 2016-2026F

Figure 16: Global Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 17: Asia-Pacific Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 18: Asia-Pacific Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 19: Asia-Pacific Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 20: Asia-Pacific Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 21: Asia-Pacific Tractor Market Share, By Country, By Volume, 2016-2026F

Figure 22: Asia-Pacific Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 23: India Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 24: India Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 25: India Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 26: India Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 27: India Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 28: China Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 29: China Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 30: China Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 31: China Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 32: China Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 33: Japan Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 34: Japan Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 35: Japan Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 36: Japan Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 37: Japan Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 38: Australia Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 39: Australia Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 40: Australia Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 41: Australia Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 42: Australia Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 43:  North America Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 44:  North America Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 45:  North America Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 46:  North America Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 47:  North America Tractor Market Share, By Country, By Volume, 2016-2026F

Figure 48:  North America Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 49:  United States Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 50:  United States Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 51:  United States Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 52:  United States Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 53:  United States Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 54:  Canada Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 55:  Canada Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 56:  Canada Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 57:  Canada Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 58:  Canada Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 59:  Mexico Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 60:  Mexico Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 61:  Mexico Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 62:  Mexico Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 63:  Mexico Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 64:  Europe Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 65:  Europe Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 66:  Europe Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 67:  Europe Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 68:  Europe Tractor Market Share, By Country, By Volume, 2016-2026F

Figure 69:  Europe Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 70:  Turkey Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 71:  Turkey Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 72:  Turkey Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 73:  Turkey Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 74:  Turkey Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 75:  Germany Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 76:  Germany Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 77:  Germany Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 78:  Germany Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 79:  Germany Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 80:  France Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 81:  France Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 82:  France Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 83:  France Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 84:  France Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 85:  Italy Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 86:  Italy Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 87:  Italy Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 88:  Italy Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 89:  Italy Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 90:  United Kingdom Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 91:  United Kingdom Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 92:  United Kingdom Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 93:  United Kingdom Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 94:  United Kingdom Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 95:  Spain Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 96:  Spain Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 97:  Spain Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 98:  Spain Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 99:  Spain Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 100: Portugal Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 101: Portugal Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 102: Portugal Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 103: Portugal Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 104: Portugal Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 105: Belgium Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 106: Belgium Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 107: Belgium Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 108: Belgium Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 109: Belgium Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 110: Austria Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 111: Austria Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 112: Austria Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 113: Austria Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 114: Austria Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 115: South America Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 116: South America Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 117: South America Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 118: South America Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 119: South America Tractor Market Share, By Country, By Volume, 2016-2026F

Figure 120: South America Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 121: Brazil Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 122: Brazil Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 123: Brazil Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 124: Brazil Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 125: Brazil Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 126: Argentina Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 127: Argentina Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 128: Argentina Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 129: Argentina Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 130: Argentina Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 131: Middle East & Africa Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 132: Middle East & Africa Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 133: Middle East & Africa Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 134: Middle East & Africa Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 135: Middle East & Africa Tractor Market Share, By Country, By Volume, 2016-2026F

Figure 136: Middle East & Africa Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 137: South Africa Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 138: South Africa Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 139: South Africa Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 140: South Africa Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 141: South Africa Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 142: Kenya Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 143: Kenya Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 144: Kenya Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 145: Kenya Tractor Market Share, By Application, By Volume, 2016-2026F

Figure 146: Kenya Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Figure 147: Saudi Arabia Tractor Market Size, By Value (USD Billion), By Volume (Thousand Unit), 2016-2026F

Figure 148: Saudi Arabia Tractor Market Share, By Power Output, By Volume, 2016-2026F

Figure 149: Saudi Arabia Tractor Market Share, By Drive Type, By Volume, 2016-2026F

Figure 150: Saudi Arabia Tractor Market Share, By Application, By Volume, 2016-2026F

             Figure 151: Saudi Arabia Tractor Market Map, By Drive Type, By Volume, 2021E-2026F

Frequently asked questions

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India is the most tractor demand generating country. The country witnessed a growth with a CAGR of 8.98% in historic period of 2016-2020. It is expected to withstand a robust growth with a CAGR of 7.94% through 2021E-2026F.

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Asia-Pacific is the fastest growing region, to cope with rising agricultural needs of expanding population in the region, agricultural production is also witnessed to be increasing. For such measures, mechanisation in the agricultural farms is increasing and hence, demand of tractors is booming continuously

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According to TechSci estimates, in 2020, the region witnessed a growth of 4.23%. Turkey is the major tractor market in Europe, according to Turkish Association of Agricultural Machinery & Equipment Manufacturers, Turkey witnessed a growth of massive 86.80% in 2020

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The value market witnessed a growth with a CAGR of 6.87% in the period of 2016-2020. This value market in 2021-2026 period is susceptible to grow at a CAGR of around 5.92%.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Tractor Market to be Valued USD 79 Billion by 2026

Jul, 2021

Increasing mechanization in agriculture and growing popularity of bank financing facilities are expected to lead to the growth of tractors all over the globe in the forecast period.

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