Electric Tractor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034
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AGCO Corporation
Argo Tractors S.p.A.
Cellestial E-Mobility Pvt Ltd
CNH Industrial N.V.
Deere & Company.
Escorts Kubota Limited
Weichai Lovol Intelligent Agricultural Technology CO., LTD.
Sonalika.
KUBOTA Corporation
Monarch Tractor
Proxecto
SOLECTRAC
VST TRACTORS
YANMAR HOLDINGS CO., LTD.
Ztractor
KSA
Electric Tractor Market - Scope of Report
TMR's report on the global electric tractor market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2024 to 2034. The report provides revenue of the global electric tractor market for the period 2018-2034, considering 2024 as the base year and 2034 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global electric tractor market from 2024 to 2034.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the electric tractor market.
Market Snapshot
Market Value in 2023 US$ 1 Bn
Market Value in 2034 US$ 12.1 Bn
CAGR 24.3%
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global electric tractor market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global electric tractor market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global electric tractor market.
The report delves into the competitive landscape of the global electric tractor market. Key players operating in the global electric tractor market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global electric tractor market profiled in this report.
Key Questions Answered in Global electric tractor Market Report:
What is the sales/revenue generated by electric tractor across all regions during the forecast period?
What are the opportunities in the global electric tractor market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which segment is expected to generate the highest revenue globally in 2034?
Which segment is projected to expand at the highest CAGR during the forecast period?
What are the market positions of different companies operating in the global market?
Electric Tractor Market - Research Objectives and Research Approach
The comprehensive report on the global electric tractor market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global electric tractor market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2034 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global electric tractor market.
Table of Contents
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Market Size, Value US$ Bn, 2020-2034
1.2. Go to Market Strategy
1.2.1. Demand & Supply Side Trends
1.2.2. Identification of Potential Market Spaces
1.2.3. Understanding Buying Process of Customers
1.2.4. Preferred Sales & Marketing Strategy
1.3. Competitive Dashboard Analysis
2. Market Overview
2.1. Market Definition / Scope / Limitations
2.2. TMR Analysis and Recommendations
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Opportunities
2.4. Market Factor Analysis
2.4.1. Porter's Five Force Analysis
2.4.2. SWOT Analysis
2.5. Regulatory Scenario
2.6. Key Trend Analysis
2.7. Value Chain Analysis
2.8. Cost Structure Analysis
2.9. Profit Margin Analysis
3. Global Electric Tractor Market, by Propulsion
3.1. Market Snapshot
3.1.1. Introduction, Definition, and Key Findings
3.1.2. Market Growth & Y-o-Y Projections
3.1.3. Base Point Share Analysis
3.2. Electric Tractor Market Size & Forecast by Propulsion
3.2.1. Battery Electric
3.2.2. Hybrid Electric
3.2.3. Hydrogen
4. Global Electric Tractor Market, Battery Type
4.1. Market Snapshot
4.1.1. Introduction, Definition, and Key Findings
4.1.2. Market Growth & Y-o-Y Projections
4.1.3. Base Point Share Analysis
4.2. Electric Tractor Market Size & Forecast, by Battery Type
4.2.1. Lithium-ion Batteries
4.2.1.1. Lithium Iron Phosphate (LFP)
4.2.1.2. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
4.2.2. Sodium-ion Batteries
4.2.3. Solid State Batteries
4.2.4. Others
5. Global Electric Tractor Market, by Battery Capacity
5.1. Market Snapshot
5.1.1. Introduction, Definition, and Key Findings
5.1.2. Market Growth & Y-o-Y Projections
5.1.3. Base Point Share Analysis
5.2. Electric Tractor Market Size & Forecast, by Battery Capacity
5.2.1. <50 KWH
5.2.2. 51-100 KWH
5.2.3. >100 KWH
6. Global Electric Tractor Market, by Equipment Type
6.1. Market Snapshot
6.1.1. Introduction, Definition, and Key Findings
6.1.2. Market Growth & Y-o-Y Projections
6.1.3. Base Point Share Analysis
6.2. Electric Tractor Market Size & Forecast, by Equipment Type
6.2.1. Electric Sprayers
6.2.2. Electric Weeders
6.2.3. Others
7. Global Electric Tractor Market, by Level of Automation
7.1. Market Snapshot
7.1.1. Introduction, Definition, and Key Findings
7.1.2. Market Growth & Y-o-Y Projections
7.1.3. Base Point Share Analysis
7.2. Electric Tractor Market Size & Forecast, by Level of Automation
7.2.1. Manual
7.2.2. Semi/Fully Automatic
8. Global Electric Tractor Market, by Drive Type
8.1. Market Snapshot
8.1.1. Introduction, Definition, and Key Findings
8.1.2. Market Growth & Y-o-Y Projections
8.1.3. Base Point Share Analysis
8.2. Electric Tractor Market Size & Forecast, by Drive Type
8.2.1. Two Wheel Drive
8.2.2. All Wheel Drive (AWD)
9. Global Electric Tractor Market, by Application
9.1. Market Snapshot
9.1.1. Introduction, Definition, and Key Findings
9.1.2. Market Growth & Y-o-Y Projections
9.1.3. Base Point Share Analysis
9.2. Electric Tractor Market Size & Forecast, by Application
9.2.1. Agriculture
9.2.1.1. Harvesting
9.2.1.2. Seed Sowing
9.2.1.3. Spraying
9.2.1.4. Others
9.2.2. Utility
9.2.3. Industrial
9.2.4. Others
10. Global Electric Tractor Market, by Region
10.1. Market Snapshot
10.1.1. Introduction, Definition, and Key Findings
10.1.2. Market Growth & Y-o-Y Projections
10.1.3. Base Point Share Analysis
10.2. Electric Tractor Market Size & Forecast, By Region
10.2.1. North America
10.2.2. Europe
10.2.3. Asia Pacific
10.2.4. Middle East & Africa
10.2.5. South America
11. North America Electric Tractor Market
11.1. Market Snapshot
11.2. North America Electric Tractor Market Size & Forecast, by Propulsion
11.2.1. Battery Electric
11.2.2. Hybrid Electric
11.2.3. Hydrogen
11.3. North America Electric Tractor Market Size & Forecast, Battery Type
11.3.1. Lithium-ion Batteries
11.3.1.1. Lithium Iron Phosphate (LFP)
11.3.1.2. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
11.3.2. Sodium-ion Batteries
11.3.3. Solid State Batteries
11.3.4. Others
11.4. North America Electric Tractor Market Size & Forecast, by Battery Capacity
11.4.1. <50 KWH
11.4.2. 51-100 KWH
11.4.3. >100 KWH
11.5. North America Electric Tractor Market Size & Forecast, by Equipment Type
11.5.1. Electric Sprayers
11.5.2. Electric Weeders
11.5.3. Others
11.6. North America Electric Tractor Market Size & Forecast, by Level of Automation
11.6.1. Manual
11.6.2. Semi/Fully Automatic
11.7. North America Electric Tractor Market Size & Forecast, by Drive Type
11.7.1. Two Wheel Drive
11.7.2. All Wheel Drive (AWD)
11.8. North America Electric Tractor Market Size & Forecast, by Application
11.8.1. Agriculture
11.8.1.1. Harvesting
11.8.1.2. Seed Sowing
11.8.1.3. Spraying
11.8.1.4. Others
11.8.2. Utility
11.8.3. Industrial
11.8.4. Others
11.9. North America Electric Tractor Market Size & Forecast, By Country
11.9.1. U. S.
11.9.2. Canada
12. Europe Electric Tractor Market
12.1. Market Snapshot
12.2. Europe Electric Tractor Market Size & Forecast, by Propulsion
12.2.1. Battery Electric
12.2.2. Hybrid Electric
12.2.3. Hydrogen
12.3. Europe Electric Tractor Market Size & Forecast, Battery Type
12.3.1. Lithium-ion Batteries
12.3.1.1. Lithium Iron Phosphate (LFP)
12.3.1.2. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
12.3.2. Sodium-ion Batteries
12.3.3. Solid State Batteries
12.3.4. Others
12.4. Europe Electric Tractor Market Size & Forecast,by Battery Capacity
12.4.1. <50 KWH
12.4.2. 51-100 KWH
12.4.3. >100 KWH
12.5. Europe Electric Tractor Market Size & Forecast, by Equipment Type
12.5.1. Electric Sprayers
12.5.2. Electric Weeders
12.5.3. Others
12.6. Europe Electric Tractor Market Size & Forecast, by Level of Automation
12.6.1. Manual
12.6.2. Semi/Fully Automatic
12.7. Europe Electric Tractor Market Size & Forecast, by Drive Type
12.7.1. Two Wheel Drive
12.7.2. All Wheel Drive (AWD)
12.8. Europe Electric Tractor Market Size & Forecast, by Application
12.8.1. Agriculture
12.8.1.1. Harvesting
12.8.1.2. Seed Sowing
12.8.1.3. Spraying
12.8.1.4. Others
12.8.2. Utility
12.8.3. Industrial
12.8.4. Others
12.9. Europe Electric Tractor Market Size & Forecast, By Country
12.9.1. Germany
12.9.2. U.K.
12.9.3. France
12.9.4. Italy
12.9.5. Spain
12.9.6. Rest of Europe
13. Asia Pacific Electric Tractor Market
13.1. Market Snapshot
13.2. Asia Pacific Electric Tractor Market Size & Forecast, by Propulsion
13.2.1. Battery Electric
13.2.2. Hybrid Electric
13.2.3. Hydrogen
13.3. Asia Pacific Electric Tractor Market Size & Forecast, Battery Type
13.3.1. Lithium-ion Batteries
13.3.1.1. Lithium Iron Phosphate (LFP)
13.3.1.2. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
13.3.2. Sodium-ion Batteries
13.3.3. Solid State Batteries
13.3.4. Others
13.4. Asia Pacific Electric Tractor Market Size & Forecast, by Battery Capacity
13.4.1. <50 KWH
13.4.2. 51-100 KWH
13.4.3. >100 KWH
13.5. Asia Pacific Electric Tractor Market Size & Forecast, by Equipment Type
13.5.1. Electric Sprayers
13.5.2. Electric Weeders
13.5.3. Others
13.6. Asia Pacific Electric Tractor Market Size & Forecast, by Level of Automation
13.6.1. Manual
13.6.2. Semi/Fully Automatic
13.7. Asia Pacific Electric Tractor Market Size & Forecast, by Drive Type
13.7.1. Two Wheel Drive
13.7.2. All Wheel Drive (AWD)
13.8. Asia Pacific Electric Tractor Market Size & Forecast, by Application
13.8.1. Agriculture
13.8.1.1. Harvesting
13.8.1.2. Seed Sowing
13.8.1.3. Spraying
13.8.1.4. Others
13.8.2. Utility
13.8.3. Industrial
13.8.4. Others
13.9. Asia Pacific Electric Tractor Market Size & Forecast, By Country
13.9.1. China
13.9.2. India
13.9.3. Japan
13.9.4. ASEAN
13.9.5. South Korea
13.9.6. Rest of Asia Pacific
14. Middle East & Africa Electric Tractor Market
14.1. Market Snapshot
14.2. Middle East & Africa Electric Tractor Market Size & Forecast, by Propulsion
14.2.1. Battery Electric
14.2.2. Hybrid Electric
14.2.3. Hydrogen
14.3. Middle East & Africa Electric Tractor Market Size & Forecast, Battery Type
14.3.1. Lithium-ion Batteries
14.3.1.1. Lithium Iron Phosphate (LFP)
14.3.1.2. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
14.3.2. Sodium-ion Batteries
14.3.3. Solid State Batteries
14.3.4. Others
14.4. Middle East & Africa Electric Tractor Market Size & Forecast, by Battery Capacity
14.4.1. <50 KWH
14.4.2. 51-100 KWH
14.4.3. >100 KWH
14.5. Middle East & Africa Electric Tractor Market Size & Forecast, by Equipment Type
14.5.1. Electric Sprayers
14.5.2. Electric Weeders
14.5.3. Others
14.6. Middle East & Africa Electric Tractor Market Size & Forecast, by Level of Automation
14.6.1. Manual
14.6.2. Semi/Fully Automatic
14.7. Middle East & Africa Electric Tractor Market Size & Forecast, by Drive Type
14.7.1. Two Wheel Drive
14.7.2. All Wheel Drive (AWD)
14.8. Middle East & Africa Electric Tractor Market Size & Forecast, by Application
14.8.1. Agriculture
14.8.1.1. Harvesting
14.8.1.2. Seed Sowing
14.8.1.3. Spraying
14.8.1.4. Others
14.8.2. Utility
14.8.3. Industrial
14.8.4. Others
14.9. Middle East & Africa Electric Tractor Market Size & Forecast, By Country
14.9.1. GCC
14.9.2. South Africa
14.9.3. Turkiye
14.9.4. Rest of Middle East & Africa
15. South America Electric Tractor Market
15.1. Market Snapshot
15.2. South America Electric Tractor Market Size & Forecast, by Propulsion
15.2.1. Battery Electric
15.2.2. Hybrid Electric
15.2.3. Hydrogen
15.3. South America Electric Tractor Market Size & Forecast, Battery Type
15.3.1. Lithium-ion Batteries
15.3.1.1. Lithium Iron Phosphate (LFP)
15.3.1.2. Lithium Nickel Manganese Cobalt Oxide (LI-NMC)
15.3.2. Sodium-ion Batteries
15.3.3. Solid State Batteries
15.3.4. Others
15.4. South America Electric Tractor Market Size & Forecast, by Battery Capacity
15.4.1. <50 KWH
15.4.2. 51-100 KWH
15.4.3. >100 KWH
15.5. South America Electric Tractor Market Size & Forecast, by Equipment Type
15.5.1. Electric Sprayers
15.5.2. Electric Weeders
15.5.3. Others
15.6. South America Electric Tractor Market Size & Forecast, by Level of Automation
15.6.1. Manual
15.6.2. Semi/Fully Automatic
15.7. South America Electric Tractor Market Size & Forecast,by Drive Type
15.7.1. Two Wheel Drive
15.7.2. All Wheel Drive (AWD)
15.8. South America Electric Tractor Market Size & Forecast,by Application
15.8.1. Agriculture
15.8.1.1. Harvesting
15.8.1.2. Seed Sowing
15.8.1.3. Spraying
15.8.1.4. Others
15.8.2. Utility
15.8.3. Industrial
15.8.4. Others
15.9. South America Electric Tractor Market Size & Forecast, By Country
15.9.1. Brazil
15.9.2. Argentina
15.9.3. Rest of South America
16. Competitive Landscape
16.1. Company Share Analysis/ Brand Share Analysis, 2022
16.2. Company Analysis for Each Player
16.3. Company Profile/ Key Players
16.3.1. AGCO Corporation
16.3.1.1. Company Overview
16.3.1.2. Company Footprints
16.3.1.3. Production Locations
16.3.1.4. Product Portfolio
16.3.1.5. Competitors & Customers
16.3.1.6. Subsidiaries & Parent Organization
16.3.1.7. Recent Developments
16.3.1.8. Financial Analysis
16.3.1.9. Profitability
16.3.1.10. Revenue Share
16.3.2. Argo Tractors S.p.A.
16.3.2.1. Company Overview
16.3.2.2. Company Footprints
16.3.2.3. Production Locations
16.3.2.4. Product Portfolio
16.3.2.5. Competitors & Customers
16.3.2.6. Subsidiaries & Parent Organization
16.3.2.7. Recent Developments
16.3.2.8. Financial Analysis
16.3.2.9. Profitability
16.3.2.10. Revenue Share
16.3.3. Cellestial E-Mobility Pvt Ltd
16.3.3.1. Company Overview
16.3.3.2. Company Footprints
16.3.3.3. Production Locations
16.3.3.4. Product Portfolio
16.3.3.5. Competitors & Customers
16.3.3.6. Subsidiaries & Parent Organization
16.3.3.7. Recent Developments
16.3.3.8. Financial Analysis
16.3.3.9. Profitability
16.3.3.10. Revenue Share
16.3.4. CNH Industrial N.V.
16.3.4.1. Company Overview
16.3.4.2. Company Footprints
16.3.4.3. Production Locations
16.3.4.4. Product Portfolio
16.3.4.5. Competitors & Customers
16.3.4.6. Subsidiaries & Parent Organization
16.3.4.7. Recent Developments
16.3.4.8. Financial Analysis
16.3.4.9. Profitability
16.3.4.10. Revenue Share
16.3.5. Deere & Company.
16.3.5.1. Company Overview
16.3.5.2. Company Footprints
16.3.5.3. Production Locations
16.3.5.4. Product Portfolio
16.3.5.5. Competitors & Customers
16.3.5.6. Subsidiaries & Parent Organization
16.3.5.7. Recent Developments
16.3.5.8. Financial Analysis
16.3.5.9. Profitability
16.3.5.10. Revenue Share
16.3.6. Escorts Kubota Limited
16.3.6.1. Company Overview
16.3.6.2. Company Footprints
16.3.6.3. Production Locations
16.3.6.4. Product Portfolio
16.3.6.5. Competitors & Customers
16.3.6.6. Subsidiaries & Parent Organization
16.3.6.7. Recent Developments
16.3.6.8. Financial Analysis
16.3.6.9. Profitability
16.3.6.10. Revenue Share
16.3.7. Weichai Lovol Intelligent Agricultural Technology CO., LTD.
16.3.7.1. Company Overview
16.3.7.2. Company Footprints
16.3.7.3. Production Locations
16.3.7.4. Product Portfolio
16.3.7.5. Competitors & Customers
16.3.7.6. Subsidiaries & Parent Organization
16.3.7.7. Recent Developments
16.3.7.8. Financial Analysis
16.3.7.9. Profitability
16.3.7.10. Revenue Share
16.3.8. Sonalika.
16.3.8.1. Company Overview
16.3.8.2. Company Footprints
16.3.8.3. Production Locations
16.3.8.4. Product Portfolio
16.3.8.5. Competitors & Customers
16.3.8.6. Subsidiaries & Parent Organization
16.3.8.7. Recent Developments
16.3.8.8. Financial Analysis
16.3.8.9. Profitability
16.3.8.10. Revenue Share
16.3.9. KUBOTA Corporation
16.3.9.1. Company Overview
16.3.9.2. Company Footprints
16.3.9.3. Production Locations
16.3.9.4. Product Portfolio
16.3.9.5. Competitors & Customers
16.3.9.6. Subsidiaries & Parent Organization
16.3.9.7. Recent Developments
16.3.9.8. Financial Analysis
16.3.9.9. Profitability
16.3.9.10. Revenue Share
16.3.10. Monarch Tractor
16.3.10.1. Company Overview
16.3.10.2. Company Footprints
16.3.10.3. Production Locations
16.3.10.4. Product Portfolio
16.3.10.5. Competitors & Customers
16.3.10.6. Subsidiaries & Parent Organization
16.3.10.7. Recent Developments
16.3.10.8. Financial Analysis
16.3.10.9. Profitability
16.3.10.10. Revenue Share
16.3.11. Proxecto
16.3.11.1. Company Overview
16.3.11.2. Company Footprints
16.3.11.3. Production Locations
16.3.11.4. Product Portfolio
16.3.11.5. Competitors & Customers
16.3.11.6. Subsidiaries & Parent Organization
16.3.11.7. Recent Developments
16.3.11.8. Financial Analysis
16.3.11.9. Profitability
16.3.11.10. Revenue Share
16.3.12. SOLECTRAC
16.3.12.1. Company Overview
16.3.12.2. Company Footprints
16.3.12.3. Production Locations
16.3.12.4. Product Portfolio
16.3.12.5. Competitors & Customers
16.3.12.6. Subsidiaries & Parent Organization
16.3.12.7. Recent Developments
16.3.12.8. Financial Analysis
16.3.12.9. Profitability
16.3.12.10. Revenue Share
16.3.13. VST TRACTORS
16.3.13.1. Company Overview
16.3.13.2. Company Footprints
16.3.13.3. Production Locations
16.3.13.4. Product Portfolio
16.3.13.5. Competitors & Customers
16.3.13.6. Subsidiaries & Parent Organization
16.3.13.7. Recent Developments
16.3.13.8. Financial Analysis
16.3.13.9. Profitability
16.3.13.10. Revenue Share
16.3.14. YANMAR HOLDINGS CO., LTD.
16.3.14.1. Company Overview
16.3.14.2. Company Footprints
16.3.14.3. Production Locations
16.3.14.4. Product Portfolio
16.3.14.5. Competitors & Customers
16.3.14.6. Subsidiaries & Parent Organization
16.3.14.7. Recent Developments
16.3.14.8. Financial Analysis
16.3.14.9. Profitability
16.3.14.10. Revenue Share
16.3.15. Ztractor
16.3.15.1. Company Overview
16.3.15.2. Company Footprints
16.3.15.3. Production Locations
16.3.15.4. Product Portfolio
16.3.15.5. Competitors & Customers
16.3.15.6. Subsidiaries & Parent Organization
16.3.15.7. Recent Developments
16.3.15.8. Financial Analysis
16.3.15.9. Profitability
16.3.15.10. Revenue Share