Global All Wheel Drive (AWD) Tractor Market 2017-2021

Global outlook of the global all-wheel drive (AWD) tractor market

Technavio’s market research analysts predict that the global AWD tractor market will grow steadily during the next four years and in terms of units, will post a CAGR of nearly 4% by 2021. This industry research report identifies the advantages of using AWD over 2WD to be one of the major factors that will have a positive impact on the growth of this market in the coming years. AWD tractors offer better performance when driven on a farm with hilly terrains as all the four wheels pull the tractor ahead, making it easier to climb difficult terrains. Also, an AWD tractor is fitted with a ballast on the rear wheels assisting in lowering slippage and improving steerability. These tractors offer great traction and pulling power for the large combination of farming equipment that can be easily attached to the tractor. This, in turn, reduces the time span needed for cultivation and planting and also lowers the number of passes made on a farm with large farm equipment. This will avoid soil compaction and result in increased profits and farm yields.

In India, tractor manufacturers are planning a strategy to set up a robust sales network in agriculture-intensive states, such as Bihar, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Jharkhand, where low-powered engines are in high demand. It has been observed that around 86% of the farmers in India have fragmented land holdings (less than 5 acres of land). This makes it not feasible for farmers to purchase high-priced and high-powered engine tractors, as smaller lands cannot meet the operational costs of these tractors. Such factors will induce farmers in APAC to focus more on procuring tractors that have a horse power of less than 20 and 50-60, which will be one of the major trends that will gain traction in the AWD tractor market.

Competitive landscape and key vendors

The AWD tractor market consists of few well-established vendors. The key vendors in the market are currently focusing on enhancing their customer base and are increasing their investments in R&D to produce cost efficient AWD tractors. With the advancement in technology, government regulations, and the entry of new players, the market’s competitive environment will intensify in the coming years.

The leading vendors in the market are:

• John Deere
• Massey Ferguson
• Mahindra Tractors
• Escorts Group

The other prominent vendors in the market are New Holland, Kubota Tractors, and Tractors and Farm Equipment (TAFE).

Segmentation by engine power and analysis of the AWD tractor market

• High-powered engines
• Low-powered engines

During 2016, the low-powered engines segment accounted for the major shares and dominated the market. Factors such as better fuel efficiency and the increased preference for low-powered engine tractors in countries such as India and China, will drive the growth of this market segment.

Geographical segmentation and analysis of the AWD tractor market

• Americas
• APAC
• Europe

According to this market research and analysis, Europe will be the major revenue contributor to the AWD tractor market during the predicted period. With the gradual recovery of countries such as Spain, Iceland, and Greece from recession, the region will witness an increase in the sales of AWD tractors, fueling market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global all-wheel drive (AWD) tractor market?
• What are the key market trends impacting the growth of global all-wheel drive (AWD) tractor market?
• What are the challenges to market growth?
• Who are the key vendors in the global all-wheel drive (AWD) tractor market?
• What are the market opportunities and threats faced by the vendors in global all-wheel drive (AWD) tractor market?
• Trending factors influencing the market shares of the Americas, APAC, and Europe.
• What are the key outcomes of the five forces analysis of global all-wheel drive (AWD) tractor market?

Technavio also offers customization on reports based on specific client requirement.

A tractor is the most important tool in farming and is used for multipurpose applications like plowing of land, harrowing, disking, tilling, planting, and other similar tasks. AWD tractors offer greater traction and pulling power, allowing for the use of a larger combination of farming equipment. The time span required for cultivation and planting gets shortened.Technavio’s reports for the automotive industry cover a wide range of product markets including automotive manufacturing, automotive components, and automotive electronics. In addition, Technavio’s reports also include a detailed list of the prominent vendors, their entire gamut of products and services, market size, and the competitive scenario for the automotive industry.

By pursuing a combination of quantitative and qualitative research techniques, research analysts at Technavio predict the automotive manufacturing industry’s growth prospects effectively to help clients develop effective business growth strategies. This upcoming market research report on the global AWD tractor market for the period of 2017 to 2021 projects insights created from the data collected from various dependable sources of intelligence such as channel partners, stakeholders, manufacturers, and various regulatory bodies.

This upcoming industry report on the global AWD tractor market also considers the growth of resembling markets such as three-wheeler (3W) goods carrier and low-bed trailer (LBT), which are expected to post a CAGR of around 4% each by the end of 2021. According to our industry experts, the development of the global agriculture industry and high labor wages will drive the growth of AWD tractor market in the coming few years.

The upcoming industry research report for the global AWD tractor market also identifies the significant market drivers and key trends along with with the challenges currently faced by vendors in the automotive manufacturing sector and offers insights into automotive services and auto accessories markets.