市场调查报告书
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全球电动农用拖拉机市场 2024-2031Global Electric Farm Tractor Market 2024-2031 |
按类型(轻型拖拉机、中型拖拉机和重型拖拉机)和传动系统技术(混合动力、插电式混合动力和电池)分類的电动农用拖拉机市场规模、份额和趋势分析报告预测期(2024年) -2031)
电动农用拖拉机市场预计在预测期内(2024-2031)将以 10.0% 的复合年增长率成长。电动农用拖拉机是使用电动马达而不是传统内燃机获得驱动的拖拉机。电动农用拖拉机使用一系列电池来发电,机械部件较少。
Electric Farm Tractor Market Size, Share & Trends Analysis Report by Type (Light-Duty Tractor, Medium-Duty Tractor, and Heavy-Duty Tractor), and by Drivetrain Technology (Hybrid, Plug-in Hybrid, and Battery) Forecast Period (2024-2031)
Electric farm tractor market is anticipated to grow at a CAGR of 10.0% during the forecast period (2024-2031). Electric farm tractors are tractors that use an electric motor to obtain drive as opposed to the conventional internal combustion engine. Electric farm tractors use a series of batteries to generate power and have fewer mechanical parts.
Market Dynamics
Growing demand for sustainable agriculture
The growing emphasis on sustainable agricultural practices has escalated the demand for eco-friendly equipment. Electric farm tractors align seamlessly with this environmental consciousness by producing minimal emissions and reducing the carbon footprint, thereby garnering substantial traction. For instance, in November 2023, TAFE launched a new electric tractor that offers a 20-kW power output, featuring a highly efficient transmission, low noise powertrain, and a powerful electric motor with over 90% efficiency. This innovative design improved performance and sustainability, catering to the evolving needs of modern agriculture.
Technology combined with electric propulsion to drive market growth
Globally, autonomous electric tractors are gaining traction in the electric farm tractor industry, combining the benefits of electric propulsion with autonomous driving technology. These tractors, which are outfitted with sensors, cameras, and GPS systems, can operate independently and carry out operations like planting, harvesting, and plowing without the need for direct human assistance. For instance, in August 2023, CNH Industrial introduced the New Holland T4 Electric Power, the industry's first all-electric light utility tractor prototype featuring autonomous capabilities. This innovative offering represents the potential for electric-powered and autonomous farming equipment to revolutionize traditional farming practices.
Market Segmentation
Hybrid Electric Farm Tractor is Projected to Emerge as the Largest Segment
Based on the drivetrain technology, the global electric farm tractor market is sub-segmented into hybrid, plug-in hybrid, and battery. Among these, the hybrid electric farm tractor sub-segment is projected to grow considerably during the forecast period. The primary factor supporting the segment's growth includes the advantage provided by hybrid vehicles that can run on both gasoline and battery power, the market for electric farm tractors could benefit significantly from beginning with hybrids as a starting point. This initial focus on hybrids offers substantial benefits, serving as a strategic stepping stone for the electric farm tractor market's evolution.
Light-Duty Tractor Sub-segment to Hold a Considerable Market Share
The rising demand for smaller, versatile, and efficient agricultural machinery is driving the demand for light-duty tractors. Light-duty tractors are well-suited for small to medium-sized farms and are favored for their maneuverability, ease of operation, and lower operating costs. As farmers seek to enhance productivity while minimizing the environmental impacts, the adoption of light-duty electric tractors is expected to surge. For instance, in August 2023, Mahindra launched lightweight compact tractors. The new OJA range brings about a transformative shift in Light Weight Compact 4 wheel drive Tractor design and engineering, to deliver an edge innovation in tractor technology. The new OJA range of lightweight tractors is a powerhouse of energy, aimed at progressive farmers. Embodied with innovation and technology, OJA tractors empower Mahindra to address 25% of the Global Tractor industry, while opening new markets like Europe and ASEAN.
The global electric farm tractor market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
European countries to invest in electric farm tractors
Global Electric Farm Tractor Market Growth by Region 2024-2031
Source: OMR Analysis
Asia-Pacific Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant share due to increasing government initiatives promoting sustainable agriculture, the rising adoption of advanced farming technologies, and growing environmental concerns. The region's large agricultural sector, coupled with the rising awareness about the benefits of electric farm tractors, is propelling market expansion. Supportive policies and incentives are encouraging farmers to adopt electric tractors, fueling market growth in the region. For instance The Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, launched by the Indian government, extends its benefits to electric tractors.
Under phase II of the FAME scheme which was launched in April 2019, financial incentives are provided to manufacturers, dealers, and consumers of electric vehicles, including tractors. This phase aims to generate demand by way of supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid) and 10 lakh e-2 Wheelers. In addition, incentives provided at the operational level, such as a discounted price for power and improved fast-charging capacity can effectively encourage the operation of electric equipment in the field, given that energy prices might be the most critical element in determining total costs. Additional support, such as agricultural loans with lower interest rates and processing fees can further support the transition to electric tractors.
Note: Major Players Sorted in No Particular Order.
The major companies serving the global electric farm tractor market include CLAAS KGaA mbH, Caterpillar, Cummins Inc., Case IH, Mahindra & Mahindra Limited, Yanmar Holdings Co., Ltd., and John Deere, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in August 2023, Solectac launched the eUT+ Narrow electric tractor, a zero-emission electric tractor. This vehicle is designed to be comparable to diesel tractors, with a hitch that can lift 5,500 pounds and can use Category 2 implements, the eUT+ gives more options and power for hauling, tilling, discing, and spraying. Its narrow width makes it ideal for navigating through vineyard and orchard rows.