Agricultural Tractor Machinery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Indonesia, Brazil - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 158 SKU: IRTNTR77499

Agricultural Tractor Machinery Market Forecast 2024-2028

The agricultural tractor machinery market size is forecast to increase by USD 23.46 billion, at a CAGR of 5.63% between 2023 and 2028. The growth rate of the market depends on several factors, such as the increasing availability of agricultural tractor machinery through rentals, the rising innovation of equipment and technologies for precision farming, and the increase in M&A activities among companies. Our report examines historical data from 2018 - 2022, besides analyzing the current and forecasted market scenario.

The APAC market is driven by the imperative to enhance efficiency, and productivity, and address the rising demand for food. AGCO Corp provides advanced agricultural tractor machinery, empowering farmers with unparalleled productivity in large acreage operations. Argo Tractors SpA presents agricultural tractor solutions that optimize traction and speed across various terrains, ensuring superior horsepower and control without compromise.

Market Forecasting and Size

Market  Forecast 2024-2028

To learn more about this report,  Request Free Sample

Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Increasing availability of agricultural tractor machinery through rentals

The rising availability of farm machinery through rental facilities has been significant for market growth. In addition, rental services also help end-users to save on the initial investments required to purchase agricultural tractor machinery. Furthermore, renting agricultural tractor machinery enables farmers to access the latest tractor models and technology without the need for significant investments.

Moreover, rental companies often update their inventory regularly, offering farmers the opportunity to use advanced tractors with improved features and capabilities. In addition, the availability of agricultural machinery on a rental basis allows end-users to gain access to machinery that incorporates the latest technologies. Furthermore, end-users also do not have to worry about servicing and maintenance. Hence, such factors are driving the market growth during the forecast period.

Trends - Implementation of AI in agricultural machinery

The implementation of AI in agricultural tractor machinery has the potential to transform farming practices by enhancing efficiency, productivity, and sustainability. In addition, AI can enable tractors to operate autonomously, reducing the need for human intervention. Furthermore, tractors equipped with sensors, cameras, and GPS systems can navigate fields, detect obstacles, and adjust their paths accordingly.

Moreover, AI algorithms analyze the data collected to optimize route planning, reduce overlap, and improve overall field coverage. In addition, AI-powered tractors can contribute to precision farming techniques by applying inputs such as fertilizers, pesticides, and water in a targeted and controlled manner. Furthermore, by analyzing data from soil sensors, weather forecasts, and historical yield information, AI algorithms can determine the optimal amount and timing of inputs, minimizing waste and maximizing crop health. Hence, such factors are driving the market growth during the forecast period.

Challenge - High costs of agricultural machinery

Agricultural machinery manufacturers increasingly invest significant funds in designing and developing advanced equipment that meets the specific requirements of farmers. In addition, the costs incurred during the R and D phase, including prototyping, testing, and refinement, contribute to the overall price of the machinery. Furthermore, the production of agricultural machinery involves various expenses, such as raw materials, labor, and machinery maintenance costs.

Moreover, the complexity of manufacturing processes, especially for advanced machinery, can lead to higher costs. In addition, machinery and equipment are major cost items in farm businesses. Furthermore, larger machines, new technology, higher prices for parts and new machinery, and higher energy prices have increased the price of machinery and power in recent years. Hence, such factors are hindering the market growth during the forecast period.

Market Segmentation by Type, Application, and Geography

Type Segment Analysis:

The wheel tractor segment is estimated to witness significant growth during the forecast period. A wheel tractor segment is a versatile agricultural vehicle mainly used for towing or pulling heavy loads, plowing fields, and other farming tasks. In addition, tractors come in various sizes and power ratings, depending on the intended use and the type of terrain they will operate on.

Customised Report as per your requirements!

The wheel tractor segment was the largest segment and was valued at USD 49.35 billion in 2018. Moreover, they typically feature a front-mounted engine, a driver seat, and controls for steering, braking, and operating attachments. In addition, modern tractors often have enclosed cabs with climate control systems for the comfort and safety of the operator. Furthermore, tractors are essential in the agricultural sector for tasks such as plowing, planting, harvesting, and hauling. In addition, tractors provide significant advantages over traditional methods, allowing farmers to accomplish tasks more efficiently, save time, and increase yields. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Application Segment Analysis:

Based on the application, the market has been segmented into farm, landscape garden, and others. The farm segment will account for the largest share of this segment.  Agricultural tractors machinery is crucial in modern agriculture, enabling farmers to perform a wide range of tasks more efficiently. In addition, the demand for tractors in farming is influenced by several factors, including agricultural practices, farm size, technological advancements, economic conditions, and government policies. Moreover, larger farms require more powerful and versatile tractors to cover larger areas and handle heavier workloads. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Regional Analysis

For more insights on the market share of various regions Download Sample PDF now!

APAC is estimated to contribute 42% to the growth by 2027.  Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. APAC region comprises several countries with large agricultural sectors, such as China, India, Japan, Australia, and Indonesia. In addition, these countries rely heavily on agricultural activities to support their populations and contribute to their economies. Moreover, many countries in APAC are transitioning from traditional farming methods to mechanized agriculture. In addition, this shift is driven by the need to improve efficiency and productivity and meet the growing food demand. Furthermore, tractors play a crucial role in this mechanization process. APAC countries often have vast agricultural lands, and there is a trend toward larger-scale farming operations. In addition, to manage extensive farms effectively, farmers and agricultural enterprises require powerful and reliable tractors to carry out various tasks, such as plowing, planting, harvesting, and transportation. Hence, such factors are driving the market growth in APAC during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Caterpillar Inc: The company offers agricultural tractor machinery with various equipment, used for different crops all together such as olives, fruits, grapes, and other unique crops.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Alamo Group Inc, CLAAS KGaA mBH, CNH Industrial NV, Daedong Corp., Deccan Farm Equipments Pvt. Ltd., Deere and Co., ISEKI and Co. Ltd., JCB Co. Ltd., Jiangsu Yueda Intelligent Agricultural Equipment Co. Ltd., Kubota Corp., Mahindra and Mahindra Ltd., Mitsubishi Heavy Industries Ltd., SDF SpA, Titan Machinery Inc., Tractors and Farm Equipment Ltd., Yanmar Holdings Co. Ltd., and Zetor Tractors.

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook 
    • Wheel tractor
    • Crawler tractor
  • Application Outlook 
    • Farm
    • Landscape garden
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Agricultural Tractors Market plays a crucial role in modern farming operations, addressing tasks such as plowing, tilling, planting, spreading fertilizers, and clearing bushes. The market is influenced by factors like the cost of labor, urbanization, and migration, which impact the overall cost of production. Mechanization, supported by government subsidies and technological advancements, is transforming the farming landscape, offering benefits to farmers and businesses alike. Market players focus on research and development to enhance equipment, ensuring a strong market position.

Key trends include the introduction of the 8 Family Tractor line-up and the adoption of precision agriculture technology. Modern tractors come with various machine configurations, options, and horsepower, meeting the demands of skilled labor. Specialized and modern tractors cater to market trends such as farm mechanization, particularly in developing markets. Precision farming, incorporating high-precision positioning systems like GPS and GNSS, along with automated steering systems, geo-mapping, sensors, and display systems, has become integral. This technology improves seeding, planting, harvesting, and field preparation processes.Farm training programs and advanced agricultural machinery further contribute to the market's dynamic performance. High-powered tractors address challenges like soft soil conditions and river basins. The availability of 40 HP tractors supports horticulture in developing countries, catering to disposable income levels and small farmland sizes. Fuel efficiency is a crucial aspect for small tractors, benefitting marginal farmers. Government initiatives, such as equipment purchases through bulk buying from front-end agencies, contribute to the market's growth. The Agricultural Tractors Market continues to evolve, offering unmatched utility and versatility in line with sophisticated technology, ensuring a positive outlook for the forecast period.

Market Scope

Report Coverage

Details

Page number

158

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.63%

Market Growth 2024-2028

USD 23.46 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.23

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 42%

Key countries

US, China, India, Indonesia, and Brazil

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AGCO Corp., Alamo Group Inc., Argo Tractors SpA, Caterpillar Inc., CLAAS KGaA mBH, CNH Industrial NV, Daedong Corp., Deccan Farm Equipments Pvt. Ltd., Deere and Co., ISEKI and Co. Ltd., JCB Co. Ltd., Jiangsu Yueda Intelligent Agricultural Equipment Co. Ltd., Kubota Corp., Mahindra and Mahindra Ltd., Mitsubishi Heavy Industries Ltd., SDF SpA, Titan Machinery Inc., Tractors and Farm Equipment Ltd., Yanmar Holdings Co. Ltd., and Zetor Tractors as

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request Sample PDF 

What are the Key Data Covered in this Agricultural Tractor Machinery Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive market report analysis of factors that will challenge the growth of market  companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global agricultural tractor machinery market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global agricultural tractor machinery market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Wheel tractor - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Wheel tractor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Wheel tractor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Wheel tractor - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Wheel tractor - Year-over-year growth 2023-2028 (%)
    • 6.4 Crawler tractor - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Crawler tractor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Crawler tractor - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Crawler tractor - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Crawler tractor - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Farm - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Farm - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Farm - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Farm - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Farm - Year-over-year growth 2023-2028 (%)
    • 7.4 Landscape garden - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Landscape garden - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Landscape garden - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Landscape garden - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Landscape garden - Year-over-year growth 2023-2028 (%)
    • 7.5 Others - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Indonesia - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Indonesia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Indonesia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Indonesia - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
    • 9.12 Brazil - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Brazil - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 AGCO Corp.
              • Exhibit 115: AGCO Corp. - Overview
              • Exhibit 116: AGCO Corp. - Business segments
              • Exhibit 117: AGCO Corp. - Key news
              • Exhibit 118: AGCO Corp. - Key offerings
              • Exhibit 119: AGCO Corp. - Segment focus
            • 12.4 Argo Tractors SpA
              • Exhibit 120: Argo Tractors SpA - Overview
              • Exhibit 121: Argo Tractors SpA - Product / Service
              • Exhibit 122: Argo Tractors SpA - Key offerings
            • 12.5 Caterpillar Inc.
              • Exhibit 123: Caterpillar Inc. - Overview
              • Exhibit 124: Caterpillar Inc. - Business segments
              • Exhibit 125: Caterpillar Inc. - Key news
              • Exhibit 126: Caterpillar Inc. - Key offerings
              • Exhibit 127: Caterpillar Inc. - Segment focus
            • 12.6 CLAAS KGaA mBH
              • Exhibit 128: CLAAS KGaA mBH - Overview
              • Exhibit 129: CLAAS KGaA mBH - Product / Service
              • Exhibit 130: CLAAS KGaA mBH - Key offerings
            • 12.7 CNH Industrial NV
              • Exhibit 131: CNH Industrial NV - Overview
              • Exhibit 132: CNH Industrial NV - Business segments
              • Exhibit 133: CNH Industrial NV - Key news
              • Exhibit 134: CNH Industrial NV - Key offerings
              • Exhibit 135: CNH Industrial NV - Segment focus
            • 12.8 Daedong Corp.
              • Exhibit 136: Daedong Corp. - Overview
              • Exhibit 137: Daedong Corp. - Product / Service
              • Exhibit 138: Daedong Corp. - Key news
              • Exhibit 139: Daedong Corp. - Key offerings
            • 12.9 Deccan Farm Equipments Pvt. Ltd.
              • Exhibit 140: Deccan Farm Equipments Pvt. Ltd. - Overview
              • Exhibit 141: Deccan Farm Equipments Pvt. Ltd. - Product / Service
              • Exhibit 142: Deccan Farm Equipments Pvt. Ltd. - Key offerings
            • 12.10 Deere and Co.
              • Exhibit 143: Deere and Co. - Overview
              • Exhibit 144: Deere and Co. - Business segments
              • Exhibit 145: Deere and Co. - Key offerings
              • Exhibit 146: Deere and Co. - Segment focus
            • 12.11 ISEKI and Co. Ltd.
              • Exhibit 147: ISEKI and Co. Ltd. - Overview
              • Exhibit 148: ISEKI and Co. Ltd. - Product / Service
              • Exhibit 149: ISEKI and Co. Ltd. - Key offerings
            • 12.12 JCB Co. Ltd.
              • Exhibit 150: JCB Co. Ltd. - Overview
              • Exhibit 151: JCB Co. Ltd. - Product / Service
              • Exhibit 152: JCB Co. Ltd. - Key news
              • Exhibit 153: JCB Co. Ltd. - Key offerings
            • 12.13 Kubota Corp.
              • Exhibit 154: Kubota Corp. - Overview
              • Exhibit 155: Kubota Corp. - Business segments
              • Exhibit 156: Kubota Corp. - Key news
              • Exhibit 157: Kubota Corp. - Key offerings
              • Exhibit 158: Kubota Corp. - Segment focus
            • 12.14 Mahindra and Mahindra Ltd.
              • Exhibit 159: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 160: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 161: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 162: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 163: Mahindra and Mahindra Ltd. - Segment focus
            • 12.15 Mitsubishi Heavy Industries Ltd.
              • Exhibit 164: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 165: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 166: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 167: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 168: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.16 Tractors and Farm Equipment Ltd.
              • Exhibit 169: Tractors and Farm Equipment Ltd. - Overview
              • Exhibit 170: Tractors and Farm Equipment Ltd. - Product / Service
              • Exhibit 171: Tractors and Farm Equipment Ltd. - Key offerings
            • 12.17 Yanmar Holdings Co. Ltd.
              • Exhibit 172: Yanmar Holdings Co. Ltd. - Overview
              • Exhibit 173: Yanmar Holdings Co. Ltd. - Product / Service
              • Exhibit 174: Yanmar Holdings Co. Ltd. - Key news
              • Exhibit 175: Yanmar Holdings Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 176: Inclusions checklist
                • Exhibit 177: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 178: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 179: Research methodology
                • Exhibit 180: Validation techniques employed for market sizing
                • Exhibit 181: Information sources
              • 13.5 List of abbreviations
                • Exhibit 182: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              agricultural tractor machinery market market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis