NEW YORK, May 13, 2021 Technavio has been monitoring the agricultural tractor market and it is poised to grow by 147.94 thousand units during 2021-2025, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have at par impact on the agricultural tractor market.
Frequently Asked Questions:
Based on segmentation by engine capacity, which is the leading segment in the market?
The low power segment will lead the engine capacity segment of the agricultural tractor market
What are the major factors influencing the market growth?
The introduction of driverless agricultural tractors and the launch of these tractors with improved features will influence the market growth positively during the forecast period.
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 2% during the forecast period.
What is the YOY in 2021?
The YOY in 2021 is estimated at 1.10%.
How big is the APAC market?
74% of the growth will originate from APAC.
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Agricultural Compact Tractor Market by Engine Capacity and Geography – Forecast and Analysis 2021-2025: The agricultural compact tractor market has the potential to grow by 110.92 thousand units during 2021-2025, according to Technavio.
Agricultural Harvester Market by Product and Geography – Forecast and Analysis 2021-2025: The agricultural harvester market size has the potential to grow by USD 17.83 billion during 2021-2025, according to Technavio.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. AGCO Corp., CLAAS KGaA mbH, CNH Industrial NV, Deere & Co., Escorts Ltd., J C Bamford Excavators Ltd., Kubota Corp., Mahindra & Mahindra Ltd., Tractors and Farm Equipment Ltd., and Yanmar Holdings Co. Ltd. are some of the major market participants. The investments in research and development activities and government subsidies to promote the agricultural sector will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this agricultural tractor market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Agricultural Tractor Market 2021-2025: Segmentation
Agricultural Tractor Market is segmented as below:
Agricultural Tractor Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The agricultural tractor market report covers the following areas:
Agricultural Tractor Market Size
Agricultural Tractor Market Trends
Agricultural Tractor Market Industry Analysis
This study identifies the introduction of driverless agricultural tractors as one of the prime reasons driving the agricultural tractor market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Agricultural Tractor Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist agricultural tractor market growth during the next five years
Estimation of the agricultural tractor market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the agricultural tractor market across APAC, Europe, North America, MEA, and South America
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of agricultural tractor market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Market Segmentation by Engine Capacity
Comparison by Engine Capacity
Low power – Market size and forecast 2020-2025 ($ millions)
Mid power – Market size and forecast 2020-2025 ($ millions)
High power – Market size and forecast 2020-2025 ($ millions)
Market opportunity by Engine Capacity
APAC – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
North America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
CLAAS KGaA mbH
CNH Industrial NV
Deere & Co.
J C Bamford Excavators Ltd.
Mahindra & Mahindra Ltd.
Tractors and Farm Equipment Ltd.
Yanmar Holdings Co. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations