農機具市場 : 2028年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2023年9月

農機具市場 : トラクター出力 (<30、31-70、71-130、131-250、>250HP)、タイプ (トラクター、ベーラー、スプレーヤー)、トラクター駆動タイプ、タイプと推進力別の電動トラクター、機能別機具、レンタルと地域別- 2028年までの世界予測
Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Type (Tractors, Balers, Sprayers), Tractor Drive Type, Electric Tractor by Type & Propulsion, Implement by Function, Rental & Region – Global Forecast to 2028

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Report Overview

The global farm equipment market is projected to grow from USD 107.7 Billion in 2023 to USD 136.3 Billion by 2028, at a CAGR of 4.8% during the forecast period. Governments authorities across the different countries are launching incentives schemes to increase the sales of farm equipment and increase the farm mechanization. Combine harvesters and tractors are having high and most of the farmers take this farm equipment on rent. Various organizations are offering loans and subsidies to help the farmers who cannot purchase it. For instance, the US Farm Service Agency (FSA) offers direct and guaranteed loans to small land holding farmers who cannot get commercial load from a bank. The FSA farm operating loans are a great resource for farmers and ranchers who need financing to operate their businesses. Agricultural lending by US farm banks surged 8.1% to USD 103.1 billion in 2022, as per the American Bankers Association’s Farm Bank Performance Report. This growth was due to a 9.7% rise in farmland-secured loans and a 5.9% increase in agricultural production loans. By the close of 2022, financial institutions held approximately USD 190 billion in loans for farming and ranching.

農機具市場 : 2028年までの世界予測

Several companies making farm equipment, like John Deere and CLAAS, introduced special financial plans for retailers and rental services. In March 2021, John Deere started offering rewards to dealers who sold their new equipment. In 2021, CLAAS set up a program for orders in 2022. They gave rewards to deal with supply chain issues. They also have deals where they give incentives before the equipment is even available, like low-interest loans and discounts if you order early. In 2022, Kubota Finance launched a new program called “Kubota Capital for Farmers” that provides farmers with access to financing for a wider range of agricultural equipment, including equipment rentals and customized financing solutions. In 2021, Sonalika Tractors launched the ‘Sonalika Agro Solutions app, connecting farmers with high-tech machinery for rent. This app streamlines farming operations, offers job opportunities for operators, and allows farmers to earn extra income by renting out their equipment. Thus, these incentive schemes and services for purchasing farm equipment from the OEMs would increase farm equipment sales during the forecast period.
“The tractor segment holds the largest farm equipment rental market share.”
Tractors are used for various tasks, such as tilling, planting, harvesting, and transporting. High HP Tractors are expensive to purchase, and tractors are considered capital-intensive investments in some parts of the world. Hence, renting them becomes a more affordable option if they are required only for a short time. Additionally, renting a tractor also offers benefits such as cost savings (purchase and maintenance cost), flexibility (using the tractor for various tasks, such as land preparation, planting, and harvesting), access to newer technology, and reduced risk of financial losses. In Asia Oceania, most small and medium farmers opt to rent tractors with high power output, such as 71-130 HP, for farming operations through key players such as John Deere, AGCO Corporation, Kubota Corporation, Mahindra & Mahindra, TAFE, etc. As per the government tariff, in India, the tractor can be rented at ₹400 (USD 5) per hour; the ground leveller at ₹ 970 (USD 12) per hour; coconut picking machine at ₹650 (USD 8) per hour and earth mover at ₹760 (USD 10) per hour. For instance, in the US, John Deere tractors are available at a rate of USD 1630 per week, a backhoe at a rate of USD 1750 per week, and a loader at USD 1575 – USD 2750 per week. TAFE also provides J-farm services for renting high-power output tractors through the farmer-to-farmer model, which negotiates the rental price and thus fulfils their respective requirements. Tractors are a key part of precision farming, and the growing popularity of this practice drives the demand for tractors in the rental market.

農機具市場 : 2028年までの世界予測 ecosystem

“The harvesting and threshing segment is estimated to be the fastest growing in the farm implement market.”
As global populations grow, there is a growing demand for increased agricultural productivity. Harvesting and threshing machinery can help farmers meet this demand by enabling them to accomplish larger-scale operations more efficiently. The readjustment and realignment of farmlands drive the need for these implements in emerging countries. As harvesting & threshing require a large workforce, harvesting implements can reduce labor dependency and increase output. They also help produce higher capacity than manual harvesting and are less dependent on field size, leading to increased adoption of these implements. Many regions are facing labor shortages in the agricultural sector. Harvesting and threshing machinery can help mitigate these shortages by automating tasks that would otherwise require manual labor. Amidst labor scarcities in various regions, these machinery solutions prove valuable, automating tasks that would otherwise necessitate substantial manual labor. Recognizing the time-sensitive nature of harvesting, innovative machinery enables farmers to execute these crucial tasks within optimal timeframes, mitigating potential yield losses due to delays.

“Europe is projected to be the second-largest regional market.”
The farm equipment market in Europe is fragmented, with many small and medium-sized players. However, the market is dominated by a few large multinational companies, such as John Deere, CNH Industrial, and AGCO. These companies are investing heavily in research and development to develop innovative technologies and improve the efficiency and productivity of their products. For instance, John Deere invested USD 1,912 Million in R&D. Companies are also expanding their global reach to capture new markets by developing and transforming the facility centers. For instance, AGCO Corporation announced its plan to change its Jackson, MN, customer facility into the home of its Fendt brand in North America. European governments are providing financial support to farmers to adopt new technologies and improve their productivity. This is helping to drive the demand for farm equipment. France, the leading agricultural producer in the European Union, accounts for more than 20% of Europe’s agricultural output and more than one-third of its production of oilseeds, cereals, and wine. The country is also a major exporter of agricultural products, with about one-eighth of its visible exports related to agriculture. Spanish agriculture also contributes significantly to the economy, comprising 2.9% of total GVA. According to the European Agricultural Machinery Association (CEMA), in Spain, tractor registrations increased by 10.0% in 2021, reaching 10,905 units, but slightly trailing the previous 5-year average by 1.2%. In addition, there is a growing demand for autonomous tractors in Germany and Italy. Autonomous tractors are cost-efficient, low-noise, and have minimal emissions, leading to the adoption of tractors.

農機具市場 : 2028年までの世界予測 region

In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
• By Company Type: Farm equipment OEM – 80% Service Providers- 20% 
• By Designation: C Level – 30%, Directors- 50%, and Others – 20%
• By Region: Asia Oceania – 40%, Europe – 30%, North America –5%, and RoW-25%
The key players in the farm equipment market are John Deere (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), and CLAAS KGAA (Germany). Major companies’ key strategies to maintain their position in the global farm equipment market are strong global networking, mergers and acquisitions, partnerships, and technological advancement.

Research Coverage
The study segments the farm equipment market and forecasts the market size based on power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP), drive type (two-wheel drive and four-wheel drive),  farm equipment market, by equipment type (cereal combines, non-cereal combines, balers, tractor-mounted sprayers, and self-propelled sprayers), farm implements, by function (plowing & cultivating, harvesting & threshing, sowing & planting, plant protection & fertilizing, and others), farm equipment rental, by equipment type (tractors, combines, sprayers, balers, and others), farm tractor rental market by power output <30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP), electric tractor market (Battery electric, Hybrid electric), electric tractor market (Light-duty, Medium-duty, Heavy-duty), and region (Asia Oceania, North America, Europe, and the Rest of the World [RoW]).
The study also includes an in-depth competitive analysis of the major farm equipment manufacturers in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall farm equipment and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:

• Analysis of key drivers (Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer services and rental operations, contract farming, increase in farm mechanization), restraints (Growth of rental market, High equipment cost in emerging economies), opportunities (Growing adoption of Precision agriculture, Increasing R&D and adoption of electric tractors), and challenges (Rapidly changing emission norms and mandates) influencing the growth of the farm equipment market.
• Product Development/Innovation: Detailed insights on new products such as new compact tractors developed by CLAAS KGAA. in July 2023 and new See & Spray Premium Performance Upgrade Kit for its self-propelled sprayers launched by John Deere in July 2023.
• Market Development: Increase in farm mechanization, rising government subsidies, and stringent emission norms are driving the market – the report analyses the farm equipment market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the farm equipment market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like John Deere (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), Mahindra & Mahindra (India), and CLAAS KGAA (Germany) among others in the farm equipment market.
The report also helps stakeholders understand the pulse of the farm equipment market by providing information on recent trends and technologies.

Table of Contents

1 INTRODUCTION 40
1.1 STUDY OBJECTIVES 40
1.2 MARKET DEFINITION 41
1.2.1 INCLUSIONS AND EXCLUSIONS 41
TABLE 1 INCLUSIONS AND EXCLUSIONS FOR FARM EQUIPMENT MARKET 41
1.3 MARKET SCOPE 42
1.3.1 YEARS CONSIDERED 42
1.4 CURRENCY CONSIDERED 43
TABLE 2 CURRENCY EXCHANGE RATES 43
1.5 SUMMARY OF CHANGES 43
1.6 STAKEHOLDERS 44
2 RESEARCH METHODOLOGY 45
2.1 RESEARCH DATA 45
FIGURE 1 RESEARCH DESIGN 46
FIGURE 2 RESEARCH METHODOLOGY MODEL 47
2.1.1 SECONDARY DATA 47
2.1.2 LIST OF KEY SECONDARY SOURCES TO ESTIMATE FARM EQUIPMENT MARKET 48
2.1.3 KEY DATA FROM SECONDARY SOURCES 49
2.1.4 PRIMARY DATA 49
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 50
2.1.4.1 Major objectives of primary research 50
2.1.5 LIST OF PRIMARY PARTICIPANTS 51
2.2 MARKET ESTIMATION METHODOLOGY 51
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 52
2.2.1 BOTTOM-UP APPROACH 53
FIGURE 5 FARM TRACTOR MARKET SIZE: BOTTOM-UP APPROACH (POWER OUTPUT AND REGION) 53
2.2.2 TOP-DOWN APPROACH 53
FIGURE 6 FARM EQUIPMENT MARKET SIZE: TOP-DOWN APPROACH (FARM TRACTOR, BY DRIVE TYPE) 54
FIGURE 7 FARM EQUIPMENT MARKET: RESEARCH DESIGN & METHODOLOGY 54
FIGURE 8 FARM EQUIPMENT MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF JOHN DEERE REVENUE ESTIMATION 55
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 56
2.3 DATA TRIANGULATION 57
FIGURE 9 DATA TRIANGULATION METHODOLOGY 57
2.4 FACTOR ANALYSIS 58
2.5 RECESSION IMPACT ANALYSIS 58
2.6 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT 59
TABLE 3 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT 59
2.7 RESEARCH LIMITATIONS 61
3 EXECUTIVE SUMMARY 62
3.1 REPORT SUMMARY 62
FIGURE 10 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023 VS. 2028 (USD MILLION) 63
4 PREMIUM INSIGHTS 65
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FARM EQUIPMENT MARKET 65
FIGURE 11 GROWING MECHANIZATION IN FARMING AND CONTRACT FARMING TO DRIVE MARKET 65
4.2 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE 66
FIGURE 12 CEREAL COMBINES SEGMENT TO REGISTER HIGHEST CAGR FROM 2023 TO 2028 66
4.3 FARM TRACTOR MARKET, BY DRIVE TYPE 66
FIGURE 13 FOUR-WHEEL DRIVE SEGMENT TO REGISTER HIGHER CAGR THAN TWO-WHEEL DRIVE SEGMENT FROM 2023 TO 2028 66
4.4 FARM TRACTOR MARKET, BY POWER OUTPUT 67
FIGURE 14 31-70 HP SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 67
4.5 FARM IMPLEMENTS MARKET, BY FUNCTION 67
FIGURE 15 PLOWING & CULTIVATING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 67
4.6 ELECTRIC TRACTOR MARKET, BY PROPULSION 68
FIGURE 16 BATTERY ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 68
4.7 ELECTRIC TRACTOR MARKET, BY TYPE 68
FIGURE 17 LIGHT-DUTY TRACTORS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 68
4.8 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE 69
FIGURE 18 TRACTORS SEGMENT ESTIMATED TO COMMAND LARGEST SHARE IN FARM EQUIPMENT RENTAL MARKET IN 2023 69
4.9 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT 69
FIGURE 19 31-70 HP SEGMENT TO LEAD FARM TRACTOR RENTAL MARKET FROM 2023 TO 2028 69
4.10 FARM EQUIPMENT MARKET, BY REGION 70
FIGURE 20 ASIA OCEANIA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023 70
5 MARKET OVERVIEW 71
5.1 INTRODUCTION 71
5.2 MARKET DYNAMICS 72
FIGURE 21 FARM EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 72
5.2.1 DRIVERS 72
5.2.1.1 Government support with farm loan waivers/credit finance 72
TABLE 4 SCHEMES LAUNCHED BY GOVERNMENT OF INDIA 74
5.2.1.2 OEM/sales incentives to support dealer services and rental operations 75
5.2.1.3 Contract farming 75
TABLE 5 CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING 76
FIGURE 22 US FARMS WITH CONTRACTS, 2020 76
FIGURE 23 US VALUE OF PRODUCTION UNDER CONTRACTS, 2020 77
TABLE 6 SAMPLE SIZE AND PREVALENCE OF CONTRACT FARMING, 2019 77
5.2.1.4 Increase in farm mechanization 77
FIGURE 24 MECHANIZATION RATE AND CONTRIBUTION OF AGRICULTURE INDUSTRY TO GDP IN MAJOR GEOGRAPHIES, 2020 78
TABLE 7 MECHANIZATION RATE IN INDIA FOR SEVERAL AGRICULTURAL ACTIVITIES, 2021 79
TABLE 8 PATTERN OF ASSISTANCE IN VARIOUS SCHEMES OF GOVERNMENT OF INDIA 79
TABLE 9 SUPPORT FROM REGIONAL GOVERNMENTS 79
5.2.2 RESTRAINTS 80
5.2.2.1 Growth of rental market 80
TABLE 10 JOHN DEERE: HARVESTERS RENTAL RATES IN US, 2020 (USD) 81
TABLE 11 JOHN DEERE: RENTAL RATES IN US, 2020 (USD) 81
5.2.2.2 High equipment cost in emerging economies 82
TABLE 12 PRICES OF TRACTORS IN US, 2021 (USD) 82
TABLE 13 PRICES OF VARIOUS FARM EQUIPMENT IN US, 2021 (USD) 82
5.2.3 OPPORTUNITIES 83
5.2.3.1 Growing adoption of precision farming 83
5.2.3.2 Increasing R&D and adoption of electric tractors 83
5.2.4 CHALLENGES 85
5.2.4.1 Rapidly changing emission norms and mandates 85
5.3 TRADE ANALYSIS 85
5.3.1 IMPORT SCENARIO 85
TABLE 14 US: IMPORT SHARE, BY COUNTRY (VALUE %) 85
TABLE 15 FRANCE: IMPORT SHARE, BY COUNTRY (VALUE %) 86
TABLE 16 GERMANY: IMPORT SHARE, BY COUNTRY (VALUE %) 86
TABLE 17 MEXICO: IMPORT SHARE, BY COUNTRY (VALUE %) 86
TABLE 18 BELGIUM: IMPORT SHARE, BY COUNTRY (VALUE %) 87
5.3.2 EXPORT SCENARIO 87
TABLE 19 US: EXPORT SHARE, BY COUNTRY (VALUE %) 87
TABLE 20 FRANCE: EXPORT SHARE, BY COUNTRY (VALUE %) 87
TABLE 21 GERMANY: EXPORT SHARE, BY COUNTRY (VALUE %) 88
TABLE 22 MEXICO: EXPORT SHARE, BY COUNTRY (VALUE %) 88
TABLE 23 BELGIUM: EXPORT SHARE, BY COUNTRY (VALUE %) 88
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 89
FIGURE 25 REVENUE SHIFT FOR FARM EQUIPMENT MARKET 89
5.5 CASE STUDY ANALYSIS 89
5.5.1 CASE STUDY: TRUCKERS AND CATTLE FARMERS BENEFIT FROM TELESKID EFFICIENCY 89
5.5.2 CASE STUDY: KUBOTA UNVEILED PROTOTYPE OF COMPLETE ELECTRIC AUTONOMOUS TRACTOR 90
5.5.3 CASE STUDY: JOHN DEERE PREVIEWED X9 COMBINE HARVESTER 90
5.5.4 CASE STUDY: STEYR UNVEILED HYBRID CONCEPT TRACTOR 90
5.5.5 CASE STUDY: KUBOTA INTRODUCED AGRIROBO UNMANNED AUTONOMOUS AGRICULTURAL MACHINERY 90
5.5.6 CASE STUDY: JOHN DEERE LAUNCHED UPGRADE KIT FOR SPRAYERS 90
5.6 PATENT ANALYSIS 91
TABLE 24 FARM EQUIPMENT MARKET: PATENT ANALYSIS 91
5.7 SUPPLY CHAIN ANALYSIS 98
FIGURE 26 SUPPLY CHAIN ANALYSIS: FARM EQUIPMENT MARKET 98
5.8 FARM EQUIPMENT MARKET ECOSYSTEM 99
TABLE 25 ROLE OF COMPANIES IN FARM EQUIPMENT MARKET ECOSYSTEM 99
5.9 TARIFF AND REGULATORY LANDSCAPE 100
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100
TABLE 26 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100
TABLE 27 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
TABLE 28 ASIA OCEANIA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 103
TABLE 29 MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 104
TABLE 30 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 105
5.9.2 REGULATORY ANALYSIS FOR FARM EQUIPMENT MARKET 105
5.9.3 NON-ROAD MOBILE MACHINERY EMISSION (NRMM) REGULATIONS OUTLOOK, 2019–2025 105
FIGURE 27 NRMM EMISSION REGULATIONS OUTLOOK, 2019–2025 106
5.9.3.1 North America 106
5.9.3.1.1 US 106
TABLE 31 US: TIER 4 EMISSION STANDARDS 107
5.9.3.2 Europe 108
TABLE 32 EUROPEAN UNION: STAGE V EMISSION STANDARDS 108
5.9.4 ASIA OCEANIA 108
5.9.4.1 China 108
TABLE 33 CHINA: CHINA IV EMISSION STANDARDS 108
5.9.4.2 India 108
TABLE 34 INDIA: BS IV EMISSION STANDARDS 109
TABLE 35 INDIA: BS V EMISSION STANDARDS 109
5.10 PRICING ANALYSIS 109
5.10.1 AVERAGE SELLING PRICE (ASP) ANALYSIS, BY POWER OUTPUT AND REGION 109
TABLE 36 ASP: <30 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2022 (USD) 109
TABLE 37 ASP: 31–70 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2022 (USD) 110
TABLE 38 ASP: 71–130 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2022 (USD) 110
TABLE 39 ASP: 131–250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2022 (USD) 110
TABLE 40 ASP: >250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2022 (USD) 110
5.11 TECHNOLOGY ANALYSIS 111
5.11.1 FARM EQUIPMENT AUTOMATION 111
5.11.2 AGRICULTURE 5.0 111
TABLE 41 CROP DATA MANAGEMENT SOFTWARE APPLICATIONS 112
5.11.3 ELECTRIFICATION OF TRACTORS 112
FIGURE 28 TOTAL COST OF OWNERSHIP OF ELECTRIC VS. DIESEL TRACTOR VERSIONS 113
5.11.4 FARM TRACTORS: BATTERY PRICES/TECHNOLOGIES 114
TABLE 42 BATTERY TECHNOLOGIES FOR ELECTRIC TRACTORS 114
5.11.5 TRENDS IN RENTAL INDUSTRY 115
5.11.6 PRECISION FARMING 115
5.11.7 AUTONOMOUS TRACTORS 116
5.11.8 CNG TRACTORS 116
5.12 KEY CONFERENCES AND EVENTS IN 2023–2024 117
5.12.1 FARM EQUIPMENT MARKET: KEY CONFERENCES AND EVENTS 117
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 118
5.13.1 KEY BUYING CRITERIA FOR FARM EQUIPMENT 118
TABLE 43 KEY BUYING CRITERIA FOR DIFFERENT FARM EQUIPMENT 118
TABLE 44 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FARM EQUIPMENT 119
5.14 TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET 119
5.14.1 FACTORS INFLUENCING TOTAL COST OF OWNERSHIP 120
TABLE 45 TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET 120
5.15 BILL OF MATERIAL ANALYSIS 121
FIGURE 29 FARM EQUIPMENT MARKET: BILL OF MATERIAL ANALYSIS 121
6 FARM TRACTOR MARKET, BY POWER OUTPUT 122
6.1 INTRODUCTION 123
6.1.1 INDUSTRY INSIGHTS 123
FIGURE 30 FARM TRACTOR MARKET, BY POWER OUTPUT, 2023 VS. 2028 (USD MILLION) 123
TABLE 46 FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 124
TABLE 47 FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 124
TABLE 48 FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 124
TABLE 49 FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 125
6.2 <30 HP 125
6.2.1 PRESENCE OF SMALL FARMLANDS IN SEVERAL COUNTRIES TO DRIVE MARKET 125
TABLE 50 <30 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 126
TABLE 51 <30 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 126
TABLE 52 <30 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 126
TABLE 53 <30 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 126
6.3 31–70 HP 127
6.3.1 GOVERNMENT SUBSIDIES AND LOAN WAIVERS TO DRIVE MARKET 127
TABLE 54 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 128
TABLE 55 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 128
TABLE 56 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 128
TABLE 57 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 128
6.4 71–130 HP 129
6.4.1 NEED FOR TRACTORS WITH MORE POWER AND HIGHER EFFICIENCY IN LARGE FARMLANDS TO DRIVE MARKET 129
TABLE 58 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 129
TABLE 59 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 130
TABLE 60 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 130
TABLE 61 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 130
6.5 131–250 HP 131
6.5.1 PRESENCE OF LARGE FARMLANDS IN EUROPE TO DRIVE MARKET 131
TABLE 62 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 131
TABLE 63 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 132
TABLE 64 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 132
TABLE 65 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 132
6.6 >250 HP 133
6.6.1 GROWING ORGANIZED FARMING ACTIVITIES TO DRIVE MARKET 133
TABLE 66 >250 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 133
TABLE 67 >250 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 133
TABLE 68 >250 HP: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 69 >250 HP: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 134
7 FARM TRACTOR MARKET, BY DRIVE TYPE 135
7.1 INTRODUCTION 136
TABLE 70 KEY DIFFERENCES BETWEEN 2WD AND 4WD TRACTORS 136
7.1.1 INDUSTRY INSIGHTS 136
FIGURE 31 FARM TRACTOR MARKET, BY DRIVE TYPE, 2023 VS 2028 (USD MILLION) 137
TABLE 71 FARM TRACTOR MARKET, BY DRIVE TYPE, 2018–2022 (‘000 UNITS) 137
TABLE 72 FARM TRACTOR MARKET, BY DRIVE TYPE, 2023–2028 (‘000 UNITS) 137
TABLE 73 FARM TRACTOR MARKET, BY DRIVE TYPE, 2018–2022 (USD MILLION) 137
TABLE 74 FARM TRACTOR MARKET, BY DRIVE TYPE, 2023–2028 (USD MILLION) 138
7.2 TWO-WHEEL DRIVE 138
7.2.1 INCREASING DEMAND FOR LOW-COST TRACTORS IN ASIA OCEANIA TO DRIVE MARKET 138
TABLE 75 POPULAR 2WD TRACTORS 139
TABLE 76 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 139
TABLE 77 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 139
TABLE 78 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 140
TABLE 79 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 140
7.3 FOUR-WHEEL DRIVE 140
7.3.1 INCREASING LAUNCHES OF LOW-POWERED FOUR-WHEEL DRIVE TRACTORS TO DRIVE MARKET 140
TABLE 80 POPULAR 4WD TRACTORS 141
TABLE 81 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 141
TABLE 82 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 141
TABLE 83 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 142
TABLE 84 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 142
8 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE 143
8.1 INTRODUCTION 144
8.1.1 INDUSTRY INSIGHTS 144
FIGURE 32 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2023 VS 2028 (USD MILLION) 144
TABLE 85 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 145
TABLE 86 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2023–2028 (USD MILLION) 145
8.2 TRACTORS 145
8.2.1 INCREASING COLLABORATIONS BETWEEN OEMS AND APPLICATION COMPANIES TO DRIVE MARKET 145
TABLE 87 TRACTORS RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 146
TABLE 88 TRACTORS RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 146
8.3 COMBINES 147
8.3.1 DEMAND FOR HIGHER PRODUCTIVITY TO DRIVE RENTAL MARKET FOR COMBINES 147
TABLE 89 COMBINES RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 147
TABLE 90 COMBINES RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 147
8.4 SPRAYERS 148
8.4.1 BETTER EFFICIENCY IN FARM OPERATIONS TO DRIVE DEMAND FOR SPRAYERS 148
TABLE 91 SPRAYERS RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 148
TABLE 92 SPRAYERS RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 148
8.5 BALERS 149
8.5.1 INCREASING PREFERENCE FOR ROUND BALERS WITH PRE-CUTTING SYSTEMS TO DRIVE MARKET 149
TABLE 93 BALERS RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 149
TABLE 94 BALERS RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 149
8.6 OTHERS 150
TABLE 95 OTHER EQUIPMENT RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 150
TABLE 96 OTHER EQUIPMENT RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 150
9 FARM IMPLEMENTS MARKET, BY FUNCTION 151
9.1 INTRODUCTION 152
9.1.1 INDUSTRY INSIGHTS 152
FIGURE 33 FARM IMPLEMENTS MARKET, BY FUNCTION, 2023 VS. 2028 (USD MILLION) 152
TABLE 97 FARM IMPLEMENTS MARKET, BY FUNCTION, 2018–2022 (USD MILLION) 153
TABLE 98 FARM IMPLEMENTS MARKET, BY FUNCTION, 2023–2028 (USD MILLION) 153
9.2 PLOWING & CULTIVATING 154
9.2.1 PLOWING & CULTIVATING IMPLEMENTS INCREASE SOIL POROSITY AND ENHANCE WATER-ABSORBING CAPACITY 154
TABLE 99 PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 154
TABLE 100 PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 154
9.3 SOWING & PLANTING 155
9.3.1 ADOPTION OF SOWING & PLANTING IMPLEMENTS REDUCES OVERALL COSTS INCURRED BY FARMERS 155
TABLE 101 SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 155
TABLE 102 SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 156
9.4 PLANT PROTECTION & FERTILIZING 156
9.4.1 ABILITY TO INCREASE CROP PRODUCTION AND FOOD QUALITY WITH MINIMAL DAMAGE TO DRIVE DEMAND FOR PLANT PROTECTION & FERTILIZING IMPLEMENTS 156
TABLE 103 PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 157
TABLE 104 PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 157
9.5 HARVESTING & THRESHING 157
9.5.1 DEMAND FOR TRACTOR-MOUNTED HARVESTING AND THRESHING IMPLEMENTS TO WITNESS GROWTH, ESPECIALLY IN EMERGING ECONOMIES 157
TABLE 105 HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 158
TABLE 106 HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 158
9.6 OTHERS 159
TABLE 107 OTHERS: FARM IMPLEMENTS MARKET, BY REGION, 2018–2022 (USD MILLION) 159
TABLE 108 OTHERS: FARM IMPLEMENTS MARKET, BY REGION, 2023–2028 (USD MILLION) 159
10 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE 160
10.1 INTRODUCTION 161
10.1.1 INDUSTRY INSIGHTS 161
FIGURE 34 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023 VS. 2028 (USD MILLION) 162
TABLE 109 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (‘000 UNITS) 162
TABLE 110 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2028 (‘000 UNITS) 162
TABLE 111 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION) 163
TABLE 112 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2028 (USD MILLION) 163
10.2 CEREAL COMBINES 164
10.2.1 INCREASING FARM MECHANIZATION TO DRIVE DEMAND FOR COMBINES FOR CEREAL CROPS 164
TABLE 113 CEREAL COMBINES MARKET, BY REGION, 2018–2022 (‘000 UNITS) 164
TABLE 114 CEREAL COMBINES MARKET, BY REGION, 2023–2028 (‘000 UNITS) 164
TABLE 115 CEREAL COMBINES MARKET, BY REGION, 2018–2022 (USD MILLION) 164
TABLE 116 CEREAL COMBINES MARKET, BY REGION, 2023–2028 (USD MILLION) 165
10.3 NON-CEREAL COMBINES 165
10.3.1 IMPROVED SILAGE QUALITY TO DRIVE DEMAND FOR FORAGE HARVESTERS 165
TABLE 117 NON-CEREAL COMBINES MARKET, BY REGION, 2018–2022 (‘000 UNITS) 166
TABLE 118 NON-CEREAL COMBINES MARKET, BY REGION, 2023–2028 (‘000 UNITS) 166
TABLE 119 NON-CEREAL COMBINES MARKET, BY REGION, 2018–2022 (USD MILLION) 166
TABLE 120 NON-CEREAL COMBINES MARKET, BY REGION, 2023–2028 (USD MILLION) 166
10.4 BALERS 167
10.4.1 MINIMIZED WASTAGE AND INCREASED PRODUCTIVITY TO DRIVE DEMAND FOR BALERS 167
TABLE 121 BALERS MARKET, BY REGION, 2018–2022 (‘000 UNITS) 167
TABLE 122 BALERS MARKET, BY REGION, 2023–2028 (‘000 UNITS) 168
TABLE 123 BALERS MARKET, BY REGION, 2018–2022 (USD MILLION) 168
TABLE 124 BALERS MARKET, BY REGION, 2023–2028 (USD MILLION) 168
10.5 SELF-PROPELLED SPRAYERS 169
10.5.1 LARGE-SCALE PRODUCTION TO DRIVE DEMAND FOR FERTILIZERS AND SELF-PROPELLED SPRAYERS 169
TABLE 125 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2018–2022 (‘000 UNITS) 169
TABLE 126 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2023–2028 (‘000 UNITS) 169
TABLE 127 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2018–2022 (USD MILLION) 170
TABLE 128 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2023–2028 (USD MILLION) 170
10.6 TRACTOR-MOUNTED SPRAYERS 170
10.6.1 BETTER MANEUVERABILITY TO DRIVE DEMAND FOR TRACTOR-MOUNTED SPRAYERS IN SMALL AND MEDIUM-SIZED FARMS 170
TABLE 129 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2018–2022 (‘000 UNITS) 171
TABLE 130 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2023–2028 (‘000 UNITS) 171
TABLE 131 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2018–2022 (USD MILLION) 171
TABLE 132 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2023–2028 (USD MILLION) 172
11 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT 173
11.1 INTRODUCTION 174
11.1.1 INDUSTRY INSIGHTS 174
FIGURE 35 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2023 VS. 2028 (USD MILLION) 175
TABLE 133 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 175
TABLE 134 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 175
11.2 <30 HP 176
11.2.1 INCREASING DEMAND FOR UTILITY/COMPACT TRACTORS TO DRIVE <30 HP RENTAL TRACTOR MARKET 176
TABLE 135 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 176
TABLE 136 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 176
11.3 31–70 HP 177
11.3.1 MODERATELY POWERED AND EASY TO USE 177
TABLE 137 31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 138 31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 178
11.4 71–130 HP 178
11.4.1 AMERICAS: LARGEST RENTAL MARKET FOR FARM TRACTORS WITH 71–130 HP 178
TABLE 139 71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 179
TABLE 140 71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 179
11.5 131–250 HP 180
11.5.1 HIGH DEMAND IN EUROPE FOR LARGE-SCALE AGRICULTURE OPERATIONS 180
TABLE 141 131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 180
TABLE 142 131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 180
11.6 >250 HP 181
11.6.1 INCREASING COMMERCIAL FARMING ACTIVITIES TO DRIVE DEMAND FOR >250 HP RENTAL TRACTORS 181
TABLE 143 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2018–2022 (USD MILLION) 181
TABLE 144 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2023–2028 (USD MILLION) 182
12 ELECTRIC TRACTOR MARKET, BY PROPULSION 183
12.1 INTRODUCTION 184
12.2 OPERATIONAL DATA 184
TABLE 145 ELECTRIC TRACTOR MODELS AND DESCRIPTION 184
12.2.1 INDUSTRY INSIGHTS 184
FIGURE 36 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2023–2028 (USD MILLION) 185
TABLE 146 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018–2022 (UNITS) 185
TABLE 147 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2023–2028 (UNITS) 185
TABLE 148 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018–2022 (USD MILLION) 185
TABLE 149 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2023–2028 (USD MILLION) 186
12.3 BATTERY ELECTRIC 186
12.3.1 STRINGENT EMISSION REGULATIONS TO DRIVE MARKET 186
TABLE 150 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (UNITS) 187
TABLE 151 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2023–2028 (UNITS) 187
TABLE 152 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 187
TABLE 153 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 188
12.4 HYBRID ELECTRIC 188
12.4.1 INCREASING DEMAND FOR MEDIUM AND HEAVY-DUTY TRACTORS TO DRIVE MARKET 188
TABLE 154 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (UNITS) 189
TABLE 155 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2023–2028 (UNITS) 189
TABLE 156 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 189
TABLE 157 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 190
13 ELECTRIC TRACTOR MARKET, BY TYPE 191
13.1 INTRODUCTION 192
13.1.1 INDUSTRY INSIGHTS 192
FIGURE 37 ELECTRIC TRACTOR MARKET, BY TYPE, 2023–2028 (USD MILLION) 193
TABLE 158 ELECTRIC TRACTOR MARKET, BY TYPE, 2018–2022 (UNITS) 193
TABLE 159 ELECTRIC TRACTOR MARKET, BY TYPE, 2023–2028 (UNITS) 193
13.2 LIGHT-DUTY TRACTORS 194
13.2.1 INCREASING DEMAND FOR LOW-COST LIGHT-DUTY ELECTRIC TRACTORS TO DRIVE MARKET 194
TABLE 160 LIGHT-DUTY ELECTRIC TRACTOR MARKET: BY REGION, 2018–2022 (UNITS) 194
TABLE 161 LIGHT-DUTY ELECTRIC TRACTOR MARKET: BY REGION, 2023–2028 (UNITS) 195
13.3 MEDIUM-DUTY TRACTORS 195
13.3.1 PRESENCE OF LARGE FARMLANDS IN EUROPE TO INCREASE DEMAND FOR MEDIUM-DUTY ELECTRIC TRACTORS 195
TABLE 162 MEDIUM-DUTY ELECTRIC TRACTOR MARKET: BY REGION, 2018–2022 (UNITS) 196
TABLE 163 MEDIUM-DUTY ELECTRIC TRACTOR MARKET: BY REGION, 2023–2028 (UNITS) 196
13.4 HEAVY-DUTY TRACTORS 197
13.4.1 INCREASING NEED FOR ENHANCED PRODUCTIVITY AND EFFICIENCY TO DRIVE DEMAND FOR HEAVY-DUTY ELECTRIC TRACTORS 197
TABLE 164 HEAVY-DUTY ELECTRIC TRACTOR MARKET: BY REGION, 2018–2022 (UNITS) 197
TABLE 165 HEAVY-DUTY ELECTRIC TRACTOR MARKET: BY REGION, 2023–2028 (UNITS) 198
14 FARM TRACTOR MARKET, BY REGION 199
14.1 INTRODUCTION 200
14.1.1 INDUSTRY INSIGHTS 200
FIGURE 38 FARM TRACTOR MARKET, BY REGION, 2023 VS 2028 (USD MILLION) 200
TABLE 166 FARM TRACTOR MARKET, BY REGION, 2018–2022 (‘000 UNITS) 201
TABLE 167 FARM TRACTOR MARKET, BY REGION, 2023–2028 (‘000 UNITS) 201
TABLE 168 FARM TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 201
TABLE 169 FARM TRACTOR MARKET, BY REGION, 2023–2028 (USD MILLION) 202
14.2 ASIA OCEANIA 202
FIGURE 39 ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT 203
TABLE 170 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (‘000 UNITS) 204
TABLE 171 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (‘000 UNITS) 204
TABLE 172 ASIA-OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 204
TABLE 173 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 205
14.2.1 ASIA OCEANIA: RECESSION IMPACT 205
14.2.2 AUSTRALIA 205
14.2.2.1 Government assistance to farmers to drive market 205
TABLE 174 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 206
TABLE 175 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 206
TABLE 176 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 206
TABLE 177 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 207
14.2.3 CHINA 207
14.2.3.1 Favorable government policies to subsidize tractor sales to drive market 207
TABLE 178 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 207
TABLE 179 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 208
TABLE 180 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 208
TABLE 181 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 208
14.2.4 INDIA 209
14.2.4.1 Rise in farm mechanization to drive market 209
TABLE 182 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 209
TABLE 183 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 210
TABLE 184 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 210
TABLE 185 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 210
14.2.5 JAPAN 211
14.2.5.1 Increasing focus on encouraging agricultural co-operatives to fuel market 211
TABLE 186 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 211
TABLE 187 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 211
TABLE 188 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 211
TABLE 189 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 212
14.2.6 SOUTH KOREA 212
14.2.6.1 Government focus on cultivating young farmers to drive market 212
TABLE 190 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 213
TABLE 191 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 213
TABLE 192 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 213
TABLE 193 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 214
14.2.7 REST OF ASIA OCEANIA 214
TABLE 194 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 214
TABLE 195 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 215
TABLE 196 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 215
TABLE 197 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 215
14.3 EUROPE 216
FIGURE 40 EUROPE: FARM TRACTOR MARKET SNAPSHOT 216
TABLE 198 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (‘000 UNITS) 217
TABLE 199 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (‘000 UNITS) 217
TABLE 200 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 218
TABLE 201 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 218
14.3.1 EUROPE: RECESSION IMPACT 219
14.3.2 FRANCE 219
14.3.2.1 Labor shortage to drive market 219
TABLE 202 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 220
TABLE 203 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 220
TABLE 204 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 220
TABLE 205 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 221
14.3.3 GERMANY 221
14.3.3.1 Increasing demand for high-powered tractors to drive market 221
TABLE 206 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 222
TABLE 207 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 222
TABLE 208 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 222
TABLE 209 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 223
14.3.4 ITALY 223
14.3.4.1 Increasing popularity of precision agriculture to drive market 223
TABLE 210 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 223
TABLE 211 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 224
TABLE 212 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 224
TABLE 213 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 224
14.3.5 POLAND 225
14.3.5.1 Increasing farm subsidies to drive market 225
TABLE 214 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 225
TABLE 215 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 225
TABLE 216 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 226
TABLE 217 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 226
14.3.6 RUSSIA 226
14.3.6.1 Small and medium-sized farms to support market growth 226
TABLE 218 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 227
TABLE 219 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 227
TABLE 220 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 227
TABLE 221 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 228
14.3.7 SPAIN 228
14.3.7.1 Shortage of labor and increasing focus on precision agriculture to drive market 228
TABLE 222 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 229
TABLE 223 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 229
TABLE 224 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 229
TABLE 225 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 230
14.3.8 TURKEY 230
14.3.8.1 Larger farm sizes and favorable government policies to drive market 230
TABLE 226 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 230
TABLE 227 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 231
TABLE 228 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 231
TABLE 229 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 231
14.3.9 UK 232
14.3.9.1 Rising demand for high-powered tractors to drive market 232
TABLE 230 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 232
TABLE 231 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 232
TABLE 232 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 233
TABLE 233 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 233
14.3.10 REST OF EUROPE 233
TABLE 234 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 234
TABLE 235 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 234
TABLE 236 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 234
TABLE 237 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 235
14.4 NORTH AMERICA 235
FIGURE 41 NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY, 2023 VS 2028 (USD MILLION) 235
TABLE 238 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (‘000 UNITS) 236
TABLE 239 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (‘000 UNITS) 236
TABLE 240 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 236
TABLE 241 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 236
14.4.1 NORTH AMERICA: RECESSION IMPACT 237
14.4.2 CANADA 237
14.4.2.1 Farm mechanization and government investment in crop production to drive market 237
TABLE 242 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 238
TABLE 243 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 238
TABLE 244 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 238
TABLE 245 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 239
14.4.3 MEXICO 239
14.4.3.1 Government support and presence of OEMs to drive market 239
TABLE 246 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 240
TABLE 247 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 240
TABLE 248 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 240
TABLE 249 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 241
14.4.4 US 241
14.4.4.1 Presence of key players to drive market 241
TABLE 250 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 242
TABLE 251 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 242
TABLE 252 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 242
TABLE 253 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 243

14.5 REST OF THE WORLD 243
FIGURE 42 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2023 VS 2028 (USD MILLION) 244
TABLE 254 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (‘000 UNITS) 244
TABLE 255 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (‘000 UNITS) 244
TABLE 256 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 245
TABLE 257 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 245
14.5.1 ARGENTINA 245
14.5.1.1 Increased focus of key players in tractor manufacturing to drive market 245
TABLE 258 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 246
TABLE 259 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 246
TABLE 260 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 246
TABLE 261 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 247
14.5.2 BRAZIL 247
14.5.2.1 Increasing export of tractors and presence of agri-tech start-ups to drive market 247
TABLE 262 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 247
TABLE 263 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 248
TABLE 264 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 248
TABLE 265 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 248
14.5.3 OTHERS 249
TABLE 266 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (‘000 UNITS) 249
TABLE 267 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (‘000 UNITS) 249
TABLE 268 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION) 250
TABLE 269 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2023–2028 (USD MILLION) 250
15 COMPETITIVE LANDSCAPE 251
15.1 OVERVIEW 251
15.2 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 251
FIGURE 43 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2020–2022 251
15.3 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2022 252
TABLE 270 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2022 252
FIGURE 44 FARM EQUIPMENT MARKET SHARE, 2022 252
15.4 COMPANY EVALUATION MATRIX: FARM EQUIPMENT SUPPLIERS 253
15.4.1 STARS 253
15.4.2 EMERGING LEADERS 254
15.4.3 PERVASIVE PLAYERS 254
15.4.4 PARTICIPANTS 254
FIGURE 45 COMPETITIVE EVALUATION MATRIX: FARM EQUIPMENT SUPPLIERS, 2022 255
15.5 COMPANY FOOTPRINT 256
TABLE 271 FARM EQUIPMENT MARKET: COMPANY PRODUCT FOOTPRINT, 2022 256
TABLE 272 FARM TRACTOR MARKET: COMPANY PROPULSION FOOTPRINT, 2022 257
TABLE 273 FARM EQUIPMENT MARKET: COMPANY REGION FOOTPRINT, 2022 258
15.6 COMPANY EVALUATION MATRIX: FARM EQUIPMENT MANUFACTURERS (START-UPS/SMES) 259
15.6.1 PROGRESSIVE COMPANIES 259
15.6.2 RESPONSIVE COMPANIES 259
15.6.3 STARTING BLOCKS 259
15.6.4 DYNAMIC COMPANIES 259
FIGURE 46 COMPETITIVE EVALUATION MATRIX: FARM EQUIPMENT MANUFACTURERS (START-UPS/SMES), 2022 260
15.7 COMPETITIVE BENCHMARKING 261
TABLE 274 FARM EQUIPMENT MARKET: LIST OF KEY START-UPS/SMES 261
TABLE 275 FARM EQUIPMENT MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES] 262
15.8 COMPETITIVE SCENARIO 263
15.8.1 NEW PRODUCT DEVELOPMENTS 263
TABLE 276 NEW PRODUCT DEVELOPMENTS, 2021–2023 263
15.8.2 DEALS 269
TABLE 277 DEALS, 2021–2023 269
15.8.3 OTHERS 274
TABLE 278 OTHERS, 2021–2023 274
15.9 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2023 276
TABLE 279 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS, PARTNERSHIPS, AND SUPPLY CONTRACTS AS KEY GROWTH STRATEGIES FROM 2021 TO 2023 276
FIGURE 47 KEY DEVELOPMENTS BY LEADING PLAYERS 278
16 COMPANY PROFILES 279
(Business overview, Products offered, Recent Developments, MNM view)*
16.1 KEY PLAYERS 279
16.1.1 JOHN DEERE 279
TABLE 280 JOHN DEERE: COMPANY OVERVIEW 280
FIGURE 48 JOHN DEERE: COMPANY SNAPSHOT 280
TABLE 281 JOHN DEERE: PRODUCTS OFFERED 281
TABLE 282 JOHN DEERE: NEW PRODUCT DEVELOPMENTS 282
TABLE 283 JOHN DEERE: DEALS 290
16.1.2 CNH INDUSTRIAL 294
TABLE 284 CNH INDUSTRIAL: COMPANY OVERVIEW 294
FIGURE 49 CNH INDUSTRIAL: COMPANY SNAPSHOT 295
TABLE 285 CNH INDUSTRIAL: PRODUCTS OFFERED 295
TABLE 286 CNH INDUSTRIAL: NEW PRODUCT DEVELOPMENTS 297
TABLE 287 CNH INDUSTRIAL: DEALS 300
TABLE 288 CNH INDUSTRIAL: OTHERS 303
16.1.3 MAHINDRA & MAHINDRA 305
TABLE 289 MAHINDRA & MAHINDRA: COMPANY OVERVIEW 305
FIGURE 50 MAHINDRA & MAHINDRA: COMPANY SNAPSHOT 306
TABLE 290 MAHINDRA & MAHINDRA: PRODUCTS OFFERED 306
TABLE 291 MAHINDRA & MAHINDRA: NEW PRODUCT DEVELOPMENTS 309
TABLE 292 MAHINDRA & MAHINDRA: DEALS 311
TABLE 293 MAHINDRA & MAHINDRA: OTHERS 312
16.1.4 AGCO CORPORATION 314
TABLE 294 AGCO CORPORATION: COMPANY OVERVIEW 314
FIGURE 51 AGCO CORPORATION: COMPANY SNAPSHOT 315
TABLE 295 AGCO CORPORATION: PRODUCTS OFFERED 315
TABLE 296 AGCO CORPORATION: NEW PRODUCT DEVELOPMENTS 318
TABLE 297 AGCO CORPORATION: DEALS 322
TABLE 298 AGCO CORPORATION: OTHERS 326
16.1.5 KUBOTA CORPORATION 328
TABLE 299 KUBOTA CORPORATION: COMPANY OVERVIEW 328
FIGURE 52 KUBOTA CORPORATION: COMPANY SNAPSHOT 329
TABLE 300 KUBOTA CORPORATION: PRODUCTS OFFERED 329
TABLE 301 KUBOTA CORPORATION: NEW PRODUCT DEVELOPMENTS 330
TABLE 302 KUBOTA CORPORATION: DEALS 331
TABLE 303 KUBOTA CORPORATION: OTHERS 332
16.1.6 CLAAS KGAA 335
TABLE 304 CLAAS KGAA: COMPANY OVERVIEW 335
FIGURE 53 CLAAS KGAA: COMPANY SNAPSHOT 336
TABLE 305 CLAAS KGAA: PRODUCTS OFFERED 336
TABLE 306 CLAAS KGAA: NEW PRODUCT DEVELOPMENTS 337
TABLE 307 CLAAS KGAA: DEALS 341
TABLE 308 CLAAS KGAA: OTHERS 342
16.1.7 ISEKI & CO., LTD. 344
TABLE 309 ISEKI & CO., LTD.: COMPANY OVERVIEW 344
FIGURE 54 ISEKI & CO., LTD.: COMPANY SNAPSHOT 345
TABLE 310 ISEKI & CO., LTD.: PRODUCTS OFFERED 345
TABLE 311 ISEKI & CO., LTD.: DEALS 346
16.1.8 ESCORTS KUBOTA LIMITED 347
TABLE 312 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW 347
FIGURE 55 ESCORTS KUBOTA LIMITED: COMPANY SNAPSHOT 348
TABLE 313 ESCORTS KUBOTA LIMITED: PRODUCTS OFFERED 348
TABLE 314 ESCORTS KUBOTA LIMITED: NEW PRODUCT DEVELOPMENTS 349
TABLE 315 ESCORTS KUBOTA LIMITED: DEALS 349
16.1.9 SDF GROUP 350
TABLE 316 SDF GROUP: COMPANY OVERVIEW 350
FIGURE 56 SDF GROUP: COMPANY SNAPSHOT 351
TABLE 317 SDF GROUP: PRODUCTS OFFERED 351
TABLE 318 SDF GROUP: NEW PRODUCT DEVELOPMENTS 353
TABLE 319 SDF GROUP: DEALS 353
TABLE 320 SDF GROUP: OTHERS 354
16.1.10 YANMAR HOLDINGS CO., LTD. 355
TABLE 321 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW 355
FIGURE 57 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT 355
TABLE 322 YANMAR HOLDINGS CO., LTD.: PRODUCTS OFFERED 356
TABLE 323 YANMAR HOLDINGS CO., LTD.: NEW PRODUCT DEVELOPMENTS 356
TABLE 324 YANMAR HOLDINGS CO., LTD.: DEALS 357
TABLE 325 YANMAR HOLDINGS CO., LTD.: OTHERS 358
16.2 OTHER PLAYERS 359
16.2.1 JCB (JOSEPH CYRIL BAMFORD EXCAVATORS LTD.) 359
TABLE 326 JCB: COMPANY OVERVIEW 359
16.2.2 TRACTORS AND FARM EQUIPMENT LIMITED 360
TABLE 327 TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW 360
16.2.3 SONALIKA GROUP 361
TABLE 328 SONALIKA GROUP: COMPANY OVERVIEW 361
16.2.4 TYM CORPORATION 362
TABLE 329 TYM CORPORATION: COMPANY OVERVIEW 362
16.2.5 DAEDONG CORPORATION 363
TABLE 330 DAEDONG CORPORATION: COMPANY OVERVIEW 363
16.2.6 EXEL INDUSTRIES LTD. 364
TABLE 331 EXEL INDUSTRIES LTD.: COMPANY OVERVIEW 364
16.2.7 BUCHER INDUSTRIES AG 365
TABLE 332 BUCHER INDUSTRIES AG: COMPANY OVERVIEW 365
16.2.8 ZETOR TRACTORS A.S. 366
TABLE 333 ZETOR TRACTORS A.S.: COMPANY OVERVIEW 366
16.2.9 ARGO TRACTORS S.P.A. 367
TABLE 334 ARGO TRACTORS S.P.A.: COMPANY OVERVIEW 367
16.2.10 CONCERN TRACTOR PLANTS 368
TABLE 335 CONCERN TRACTOR PLANTS: COMPANY OVERVIEW 368
16.2.11 AMAZONE H. DREYER GMBH & CO. KG 369
TABLE 336 AMAZONE H. DREYER GMBH & CO. KG: COMPANY OVERVIEW 369
16.2.12 ALAMO GROUP INC. 370
TABLE 337 ALAMO GROUP INC.: COMPANY OVERVIEW 370
16.2.13 BUHLER INDUSTRIES INC. 371
TABLE 338 BUHLER INDUSTRIES INC.: COMPANY OVERVIEW 371
16.2.14 AUTONOMOUS TRACTOR CORPORATION 373
TABLE 339 AUTONOMOUS TRACTOR CORPORATION: COMPANY OVERVIEW 373
16.2.15 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD. 374
TABLE 340 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.: COMPANY OVERVIEW 374
16.2.16 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH) 376
TABLE 341 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH): COMPANY OVERVIEW 376
16.2.17 WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD. 377
TABLE 342 WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 377
16.2.18 BERNARD KRONE HOLDING SE & CO. KG 378
TABLE 343 BERNARD KRONE HOLDING SE & CO. KG: COMPANY OVERVIEW 378
16.2.19 VERMEER CORPORATION 379
TABLE 344 VERMEER CORPORATION: COMPANY OVERVIEW 379
16.2.20 PÖTTINGER LANDTECHNIK GMBH 380
TABLE 345 PÖTTINGER LANDTECHNIK GMBH: COMPANY OVERVIEW 380
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
17 RECOMMENDATIONS BY MARKETSANDMARKETS 381
17.1 ASIA OCEANIA EXPECTED TO DOMINATE FARM EQUIPMENT MARKET 381
17.2 KEY FOCUS AREAS OF ELECTRIC FARM TRACTORS 381
17.3 FOUR-WHEEL DRIVE TRACTORS FOR FUTURE APPLICATIONS – KEY FOCUS AREA 382
17.4 GROWTH IN DEMAND FOR AUTONOMOUS TRACTORS IN COMING YEARS 383
17.5 CONCLUSION 383
18 APPENDIX 385
18.1 INSIGHTS FROM INDUSTRY EXPERTS 385
18.2 DISCUSSION GUIDE 386
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 390
18.4 CUSTOMIZATION OPTIONS 392
18.4.1 FARM EQUIPMENT MARKET, BY DRIVE TYPE & COUNTRY 392
18.4.1.1 Asia Oceania 392
18.4.1.1.1 China 392
18.4.1.1.2 India 392
18.4.1.1.3 Japan 392
18.4.1.1.4 South Korea 392
18.4.1.1.5 Australia 392
18.4.1.1.6 Rest of Asia Oceania 392
18.4.1.2 Europe 392
18.4.1.2.1 Germany 392
18.4.1.2.2 France 392
18.4.1.2.3 UK 392
18.4.1.2.4 Spain 392
18.4.1.2.5 Russia 392
18.4.1.2.6 Italy 392
18.4.1.2.7 Poland 392
18.4.1.2.8 Turkey 392
18.4.1.2.9 Rest of Europe 392
18.4.1.3 North America 392
18.4.1.3.1 US 392
18.4.1.3.2 Canada 392
18.4.1.3.3 Mexico 392
18.4.1.4 Rest of the World 393
18.4.1.4.1 Brazil 393
18.4.1.4.2 Argentina 393
18.4.1.4.3 Others 393
18.4.2 ELECTRIC TRACTOR MARKET, BY POWER OUTPUT & COUNTRY 393
18.4.2.1 Asia Oceania 393
18.4.2.1.1 China 393
18.4.2.1.2 India 393
18.4.2.1.3 Japan 393
18.4.2.1.4 South Korea 393
18.4.2.1.5 Australia 393
18.4.2.1.6 Rest of Asia Oceania 393
18.4.2.2 Europe 393
18.4.2.2.1 Germany 393
18.4.2.2.2 France 393
18.4.2.2.3 UK 393
18.4.2.2.4 Spain 393
18.4.2.2.5 Russia 393
18.4.2.2.6 Italy 393
18.4.2.2.7 Poland 393
18.4.2.2.8 Turkey 393
18.4.2.2.9 Rest of Europe 393
18.4.2.3 North America 394
18.4.2.3.1 US 394
18.4.2.3.2 Canada 394
18.4.2.3.3 Mexico 394
18.4.2.4 Rest of the World 394
18.4.2.4.1 Brazil 394
18.4.2.4.2 Argentina 394
18.4.2.4.3 Others 394
18.4.3 AGRICULTURE SPRAYER MARKET, BY TYPE 394
18.4.3.1 Self-propelled sprayers 394
18.4.3.2 Tractor-mounted sprayers 394
18.4.3.3 Trailed sprayers 394
18.4.3.4 Handheld sprayers 394
18.4.4 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 3) 394
18.5 RELATED REPORTS 395
18.6 AUTHOR DETAILS 396