市场调查报告书
商品编码
1610687
农用拖拉机市场规模、份额、成长分析、按发动机功率、按传动系统、按推进、按操作、按地区 - 行业预测,2024-2031 年Agricultural Tractors Market Size, Share, Growth Analysis, By Engine Power (Less than 40HP, 41-100 HP), By Driveline (2WD, 4WD), By Propulsion, By Operation, By Region - Industry Forecast 2024-2031 |
2022年全球农用拖拉机市场规模估值为889亿美元,从2023年的953亿美元成长到2031年的1,601亿美元,预测期间(2024-2031年)复合年增长率为6.7,预计将增长% 。
由于对适合小型农场的紧凑型拖拉机的需求不断增加,以及提高农业效率的通讯等技术的进步,农用拖拉机市场预计在未来八年将大幅增长。越来越多的劳动力向都市区迁移正在造成劳动力短缺并增加这种需求。然而,该行业面临新冠肺炎 (COVID-19) 造成的暂时产品中断、供应链中断以及可能影响生产计划的半导体短缺等挑战。此外,钢铁和铝价上涨可能导致拖拉机成本上升,从而造成进一步的障碍。然而,美国农业部精密农业融资法案等政府倡议预计将推动市场成长。约翰迪尔、凯斯纽荷兰工业公司、爱科公司和久保田公司等领先公司提供各种拖拉机解决方案以保持竞争力。
Global Agricultural Tractors Market size was valued at USD 88.9 billion in 2022 and is poised to grow from USD 95.3 billion in 2023 to USD 160.1 billion by 2031, growing at a CAGR of 6.7% during the forecast period (2024-2031).
The agricultural tractor market is poised for significant growth over the next eight years, driven by increasing demands for smaller tractors suited to small farms and advancements in technology, such as telecommunications enhancing agricultural efficiency. The ongoing migration of labor to urban areas has created shortages that further fuel this demand. However, the sector faces challenges, including temporary product suspensions and supply chain disruptions due to COVID-19, as well as semiconductor shortages that may impact production timelines. Additionally, rising steel and aluminum prices are likely to increase tractor costs, posing further obstacles. Nevertheless, government initiatives like the USDA's Precision Agriculture Loan Act are expected to foster market growth. Major players like John Deere, CNH Industrial, AGCO Corporation, and Kubota Corporation remain competitive, offering diverse tractor solutions.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agricultural Tractors market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Agricultural Tractors Market Segmental Analysis
Global Agricultural Tractors Market is segmented by Engine Power, Driveline, Propulsion, Operation and Region. Based on Engine Power, the market is segmented into Less than 40HP, 41-100 HP, Above 100 HP. Based on Driveline, the market is segmented into 2WD, 4WD. Based on Propulsion, the market is segmented into Electric, ICE. Based on Operation, the market is segmented into Automatic, Manual. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Agricultural Tractors Market
One of the primary catalysts propelling the global agricultural tractors market is the rising mechanization in the agricultural sector. As farmers seek to enhance productivity and crop yields, they are increasingly adopting advanced machinery to replace traditional farming practices. Agricultural tractors play a pivotal role by facilitating various operations, including plowing, planting, and harvesting, which ultimately help in reducing labor costs and optimizing output. Additionally, government initiatives offering subsidies to farmers for tractor purchases serve to further encourage this trend towards modernization, thereby accelerating the growth of the agricultural tractors market as it becomes an integral part of farming operations worldwide.
Restraints in the Global Agricultural Tractors Market
The growth of the Global Agricultural Tractors market is significantly hindered by the substantial initial investment required for purchasing tractors, particularly affecting small and medium-sized farmers. This high capital expenditure can be a considerable barrier, especially in developing regions where access to affordable financing is often limited. While some governments offer support, many farmers still lack the necessary financial resources, which deters them from transitioning towards mechanization. Additionally, the ongoing costs associated with maintenance and repairs compound the financial challenges, making it difficult for farmers to fully embrace innovative agricultural technologies and practices beneficial for their productivity and profitability.
Market Trends of the Global Agricultural Tractors Market
The Global Agricultural Tractors market is undergoing a transformative shift, propelled by rapid technological advancements. The rise of smart tractors, featuring cutting-edge technologies like GPS navigation, telematics, and autonomous functionalities, is fundamentally redefining agricultural practices. These innovations enable farmers to optimize operational efficiency by enhancing precision in monitoring and managing farm activities. Consequently, this not only leads to reduced fuel consumption and labor costs but also minimizes the overall environmental impact of farming practices. As sustainability becomes increasingly vital, the integration of smart technologies positions the agricultural tractor market on a robust growth trajectory, responding to the evolving needs of modern agriculture.