Tractors and Trailers Market By Size, Share, Trends, Growth, Forecast 2028

Report Description

Global tractors and trailers market is expected to grow at an impressive CAGR during the forecast period on account of increasing demand for food and increasing demand for agriculture production. The increase in agricultural activities around the world is leading to high demand for tractors and trailers in order to transport goods from one place to another. COVID-19 is expected to have negative impact on the tractor and trailer market in 2023. With more farmers having the knowledge of latest technology, the global tractors and trailers market is anticipated to register high growth by 2028.

Additionally, with government support and policies to encourage farming, the tractors and trailers market is also undergoing significant growth. Apart from agricultural activities, tractors and trailers also find application in industrial and other commercial sectors. With automakers coming up with latest technology equipped tractors and trailer, the market is poised to grow at a healthy rate.

Global tractors and trailers market is segmented based on trailer type, application, horsepower and region. Based on application, the market is segmented into industrial, agriculture and others. The agriculture segment dominates the global market in terms of revenue and is expected to continue its dominance over the next five years. Increasing number of agricultural activities and demand for food grains are leading to high demand of tractors and trailers.

Regionally, Asia Pacific is expected to dominate the global tractors and trailers market owing to increasing agricultural activities in the region. Countries like China and India are leading agricultural producers and hence there is high demand for tractors and trailers to load and unload the food grains in these countries.

Some of the leading players in the global tractors and trailers market are Escorts Group, Mahindra Tractors, John Deere, Massey Ferguson Limited, The Sonalika Group, New Holland, CNH Industrial N.V., Kubota Corp., ACE Tractors, Captain Tractors, Force Motors, among others. Key market players are focusing on increasing the production to meet the growing demand for tractors and trailers. They are also undergoing other growth strategies like merger and acquisitions to increase their market share, globally.

Objective of the Study:

To analyse and forecast the market size of global tractors and trailers, in terms of value and volume.
To classify and forecast global tractors and trailers based on trailer type, application, horsepower and regional distribution.
To identify drivers and challenges for global tractors and trailers.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global tractors and trailers.
To conduct the pricing analysis for global tractors and trailers.
To identify and analyse the profile of leading players involved in the global tractors and trailers 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 and trailer manufacturers 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 suppliers and distributors that could not be identified due to the limitations of secondary research. TechSci Research analysed trailer type, application, horsepower and regional presence of all major tractor and trailer manufacturers across the globe.

TechSci Research calculated the market size of tractors and trailers 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 analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Tractor and trailer manufacturers, suppliers and other stakeholders
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to tractors and trailers market
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Vehicle Type · Application · Horsepower
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt
Key Companies Profiled	Escorts Group, Mahindra Tractors, John Deere, Massey Ferguson Limited, The Sonalika Group, New Holland, CNH Industrial N.V., Kubota Corp., ACE Tractors, Captain Tractors, Force Motors
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global tractors and trailers market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Tractors and Trailers Market, By Trailer Type:

Open Trailers
Flatbed Trailer
Lowboy Trailers
Others

Global Tractors and Trailers Market, By Application:

Industrial
Agriculture
Others

Global Tractors and Trailers Market, By Horsepower:

Below 40 HP
40-100 HP
Above 100 HP

Global Tractors and Trailers Market, By Region:

Asia Pacific

China
India
South Korea
Australia
Japan

Europe

Italy
Germany
United Kingdom
Turkey
Spain

North America

United States
Mexico
Canada

South America

Brazil
Argentina
Colombia

Middle East and Africa

Saudi Arabia
South Africa
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global tractors and trailers market.

Available Customizations:

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

Company Information

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

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Tractors and Trailers Market

4. Executive Summary

5. Voice of Customer

6. Global Tractors and Trailers Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Trailer Type (Open Trailers, Flatbed Trailer, Lowboy Trailers, Others)

6.2.2. By Application (Industrial, Agriculture, Others)

6.2.3. By Horsepower (Below 40 HP, 40-100 HP, Above 100 HP)

6.2.4. By Region (Asia-Pacific, North America, Europe, South America, MEA)

6.2.5. By Company (2022)

6.3. Market Attractiveness Index

7. Asia-Pacific Motorcycle Battery Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Trailer Type

7.2.2. By Application

7.2.3. By Horsepower

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Tractors and Trailers Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Trailer Type

7.3.1.2.2. By Application

7.3.1.2.3. By Horsepower

7.3.2. India Tractors and Trailers Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Trailer Type

7.3.2.2.2. By Application

7.3.2.2.3. By Horsepower

7.3.3. Japan Tractors and Trailers Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Trailer Type

7.3.3.2.2. By Application

7.3.3.2.3. By Horsepower

7.3.4. South Korea Tractors and Trailers Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Trailer Type

7.3.4.2.2. By Application

7.3.4.2.3. By Horsepower

7.3.5. Australia Tractors and Trailers Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Trailer Type

7.3.5.2.2. By Application

7.3.5.2.3. By Horsepower

8. Europe Tractors and Trailers Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Trailer Type

8.2.2. By Application

8.2.3. By Horsepower

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. France Tractors and Trailers Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Trailer Type

8.3.1.2.2. By Application

8.3.1.2.3. By Horsepower

8.3.2. Germany Tractors and Trailers Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Trailer Type

8.3.2.2.2. By Application

8.3.2.2.3. By Horsepower

8.3.3. United Kingdom Tractors and Trailers Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Trailer Type

8.3.3.2.2. By Application

8.3.3.2.3. By Horsepower

8.3.4. Spain Tractors and Trailers Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value & Volume

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Trailer Type

8.3.4.2.2. By Application

8.3.4.2.3. By Horsepower

8.3.5. Italy Tractors and Trailers Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value & Volume

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Trailer Type

8.3.5.2.2. By Application

8.3.5.2.3. By Horsepower

9. North America Tractors and Trailers Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Trailer Type

9.2.2. By Application

9.2.3. By Horsepower

9.2.4. By Country

9.3. North America: Country Analysis

9.3.1. United States Tractors and Trailers Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Trailer Type

9.3.1.2.2. By Application

9.3.1.2.3. By Horsepower

9.3.2. Mexico Tractors and Trailers Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Trailer Type

9.3.2.2.2. By Application

9.3.2.2.3. By Horsepower

9.3.3. Canada Tractors and Trailers Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Trailer Type

9.3.3.2.2. By Application

9.3.3.2.3. By Horsepower

10. South America Tractors and Trailers Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Trailer Type

10.2.2. By Application

10.2.3. By Horsepower

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Tractors and Trailers Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Trailer Type

10.3.1.2.2. By Application

10.3.1.2.3. By Horsepower

10.3.2. Argentina Tractors and Trailers Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Trailer Type

10.3.2.2.2. By Application

10.3.2.2.3. By Horsepower

10.3.3. Colombia Tractors and Trailers Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Trailer Type

10.3.3.2.2. By Application

10.3.3.2.3. By Horsepower

11. Middle East and Africa Tractors and Trailers Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Trailer Type

11.2.2. By Application

11.2.3. By Horsepower

11.2.4. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Tractors and Trailers Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value & Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Trailer Type

11.3.1.2.2. By Application

11.3.1.2.3. By Horsepower

11.3.2. Saudi Arabia Tractors and Trailers Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value & Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Trailer Type

11.3.2.2.2. By Application

11.3.2.2.3. By Horsepower

11.3.3. UAE Tractors and Trailers Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value & Volume

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Trailer Type

11.3.3.2.2. By Application

11.3.3.2.3. By Horsepower

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Players Profiled (Leading Companies)

14.1.1. Escorts Group

14.1.2. Mahindra Tractors

14.1.3. John Deere

14.1.4. Massey Ferguson Limited

14.1.5. The Sonalika Group

14.1.6. New Holland

14.1.7. CNH Industrial N.V.

14.1.8. Kubota Corp.

14.1.9. ACE Tractors

14.1.10. Captain Tractors

14.1.11. Force Motors

15. Strategic Recommendations

16. About Us & Disclaimer

(Note: The companies list can be customised based on the client requirements.)

Figures and Tables

Frequently asked questions

What are the major drivers of the global tractors and trailers market?

The rise in demand for more food production and ongoing agriculture activities are driving the growth of the global tractors and trailers market.

Who are the leading operating market players of the global tractors and trailers market?

Escorts Group, Mahindra Tractors, John Deere, Massey Ferguson Limited, The Sonalika Group, New Holland, CNH Industrial N.V., Kubota Corp., ACE Tractors, Captain Tractors, Force Motors are some of the major market players operating in the global tractors and trailers market.

What are the challenges faced by the global tractors and trailers market?

Based on application, the market is divided into industrial, agriculture and others. The agriculture segment is expected to hold the major market share in the forecast period due to increasing demand for food grains and ongoing technological advancements.

Which region is expected to lead the global tractors and trailers market?

Asia-pacific is dominating the market and is expected to maintain its dominance throughout the forecast period due to high agriculture activities and increased demand of tractors and trailers from countries like China and India.

Global Tractors and Trailers Market By Trailer Type (Open trailers, Flatbed Trailer, Lowboy Trailers, Others), By Application (Industrial, Agriculture, Others), By Horsepower (Below 40 HP, 40-100 HP, Above 100 HP), By Region, Forecast & Opportunities, 2028

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