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Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027

Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027

The global farm equipment market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. There has been a significant increase in farm equipment production over the years. However, in 2020, factors like COVID-19, limited supply of farm equipment parts, drop in the first half of new tractor sales, the shutdown of production facilities, and a decline in working capital, resulted in the decline in global farm equipment production.

However, manufacturing facilities, opening of international borders, and government support to the agricultural industry are likely to restore momentum to a great extent by the end of 2020. The global economic recovery is also expected to be fueled by the higher production of vaccines and vaccination rates, allowing businesses to reopen more quickly.

The implementation of farm loan waiver schemes encourages farmers to buy farm equipment. Governments launched various schemes in different parts of the world to relieve farmers from their loans and encourage farm mechanization.

Government subsidies play an essential role in the agriculture sector of a country. For instance, the US Farm Service Agency (FSA) provides guaranteed and direct farm ownership and operating loans to family-size farmers who cannot obtain commercial credit from a bank, farm credit system institution, or other lenders. FSA loans can also be used to purchase land, livestock, equipment, feed, seed, and supplies. The US department of agriculture also announced various loan programs, including direct farm ownership down payment program. The maximum loan amount increased from USD 250,000 to USD 300,000, and the guaranteed amount on conservation loans increased from 75 to 80%. The government spends heavily on various subsidies to drive the agricultural sector every year. As farm equipment such as tractors, combines, and harvesters are expensive, it is challenging for farmers to purchase this equipment with their limited funding sources. Therefore, several governments have increased their support through subsidies/credits to encourage farmers to adopt modern farming equipment to increase food production.

Various OEMs launched retail financing programs with customized dealers and rental operations solutions. In March 2021, John Deere launched the financial incentives schemes for the dealers for the sale of new equipment. In 2021, CLAAS launched a program for 2022 orders with incentives to help manage supply chain disruptions. The company also offers pre-sell program incentives, including low financing rates and early order discounts on their equipment.

AGCO provides its dealers with volume sales incentives, demonstrations, and other advertising support to assist sales. It designs its sales programs, including retail financing incentives and policies to maintain the availability of parts and services, with extensive product warranties, to enhance the competitive position of its dealers.

In 2021, Kubota launched a special offer for compact tractors, including USD 0 down, 0% APR for up to 84 months, and savings up to USD 1,200 on LX Series Tractors. In 2019, the company retained the services of FMI, an incentives and events agency based in Buckinghamshire, to develop a new dealer incentive program named the Kubota Rewards Club.

Thus, these incentives schemes for purchasing farm equipment from the OEMs are expected to increase the production and sales of farm equipment during the forecast period.

“The 31-70 HP segment is expected to lead the Power Output segment due to the higher demand for these tractors across the globe.”

The 31-70 HP segment is estimated to lead the market, in terms of value, during the forecast period due to higher demand for these tractors in China, India, and the US. Government subsidies, loan waivers, and policies are expected to encourage farmers to buy high-powered tractors rather than traditional low-powered tractors. The increasing farm mechanization in emerging countries driven by government efforts is expected to drive the market. The rising demand for high-powered tractors and the growing network of dealers with proper marketing are other factors expected to boost the market globally.
Four wheel drive segment to grow at the fastest CAGR from 2021 to 2027

The demand for four-wheel drive tractors is expected to grow in the future with the changing requirements in farming activities such as covering a larger acre of land or the need to pull large-size implements. The availability of low-powered tractors with four-wheel drive is expected to be a major factor for their growing demand. John Deere Model 5050 D is a low-powered tractor that delivers 50 HP and is available in four-wheel drive. In 2021, Sonalika Tractors (India) launched its advanced Tiger DI 75 four-wheel drive tractor with CRDs (Common Rail Diesel System) technology. Sonalika has also introduced the Tiger DI 65 four-wheel drive tractor customized with twin benefits to deliver 65 HP power and an economy of 55 HP. Both the new models are available in 4W and 2W drive versions.

Asia Oceania is projected to be the highest growing regional market

For the market analysis, the Asia Oceania region includes India, Japan, China, South Korea, Australia, and Rest of Asia Oceania. The increasing farm mechanization driven by government efforts and subsidies/loan waivers is expected to drive farm tractor sales in India. However, China has witnessed a decline in tractor sales in 2020 and 2019, owing to delays in farm equipment subsidies in the Chinese provinces and the upgradation of emission regulations.

In addition to high containerized transportation, factors such as increasing Gross Domestic Product (GDP), infrastructure investments, rising per capita income, growing inclination toward mechanization, and government initiatives for FDI have created more opportunities for the farming business, in turn driving the farm tractor market in the Asia Oceania region.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
•By Company Type: Farm equipment OEM – 100%
•By Designation: C Level - 30%, Directors- 50%, and Others – 20%
•By Region: Asia Oceania - 40%, Europe - 30%, North America –5%, and RoW-25%
John Deere (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), and CLAAS (Germany) are the prominent players in the farm equipment market.

Research Coverage:
The study segments the farm equipment market and forecasts the market size based on power output (250 HP), drive type (two-wheel drive and four-wheel drive), farm implements, by function (plowing & cultivating, harvesting & threshing, sowing & planting, plant protection & fertilizing, and others), farm equipment rental, by equipment type (tractors, combines, sprayers, balers, and others), farm tractor rental market by power output 250 HP), farm tractor rental market, by drive type (two-wheel drive and four-wheel drive), autonomous tractor market, autonomous tractor market, by power output (100 HP), electric tractor market, by propulsion (battery electric and hybrid electric) and region (Asia Oceania, North America, Europe, and the Rest of the World [RoW]).

The study also includes an in-depth competitive analysis of the major farm equipment manufacturers in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall farm equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION25
1.1OBJECTIVES25
1.2MARKET DEFINITION26
1.2.1INCLUSIONS & EXCLUSIONS26
1.3MARKET SCOPE27
1.3.1YEARS CONSIDERED FOR THE STUDY27
1.4CURRENCY CONSIDERED28
1.5SUMMARY OF CHANGES28
1.6STAKEHOLDERS29
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 1RESEARCH DESIGN31
FIGURE 2RESEARCH METHODOLOGY MODEL32
2.1.1SECONDARY DATA32
2.1.2LIST OF KEY SECONDARY SOURCES TO ESTIMATE FARM EQUIPMENT MARKET33
2.1.3KEY DATA FROM SECONDARY SOURCES34
2.1.4PRIMARY DATA34
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION35
2.1.5LIST OF PRIMARY PARTICIPANTS35
2.2MARKET ESTIMATION METHODOLOGY36
FIGURE 4RESEARCH METHODOLOGY: HYPOTHESIS BUILDING37
2.2.1BOTTOM-UP APPROACH38
FIGURE 5FARM TRACTOR MARKET SIZE: BOTTOM-UP APPROACH (POWER OUTPUT AND REGION)38
2.2.2TOP-DOWN APPROACH38
FIGURE 6FARM EQUIPMENT MARKET SIZE: TOP-DOWN APPROACH (FARM TRACTOR, BY DRIVE TYPE)39
FIGURE 7FARM EQUIPMENT MARKET: RESEARCH DESIGN & METHODOLOGY39
FIGURE 8FARM EQUIPMENT MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF JOHN DEERE REVENUE ESTIMATION40
2.2.3FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE41
2.3DATA TRIANGULATION42
FIGURE 9DATA TRIANGULATION METHODOLOGY42
2.4FACTOR ANALYSIS43
2.5RESEARCH ASSUMPTIONS43
2.5.1ASSUMPTIONS43
TABLE 1ASSUMPTIONS43
2.6RESEARCH LIMITATIONS44
3EXECUTIVE SUMMARY45
3.1PRE- VS POST-COVID-19 SCENARIO45
FIGURE 10PRE- & POST-COVID-19 SCENARIO: FARM EQUIPMENT MARKET SIZE,
2018–2027 (USD MILLION)45
TABLE 2FARM EQUIPMENT MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 2018–2027 (USD MILLION)45
3.2REPORT SUMMARY46
FIGURE 11FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2021 VS. 2027 (USD MILLION)47
4PREMIUM INSIGHTS49
4.1ATTRACTIVE OPPORTUNITIES IN FARM EQUIPMENT MARKET49
FIGURE 12GROWING MECHANIZATION IN FARMING AND CONTRACT FARMING TO DRIVE FARM EQUIPMENT MARKET49
4.2FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE50
FIGURE 13CEREAL COMBINES MARKET EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 202750
4.3FARM TRACTOR MARKET, BY POWER OUTPUT50
FIGURE 1431-70 HP TRACTORS PROJECTED TO LEAD MARKET50
4.4AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT51
FIGURE 15<30 HP TRACTORS EXPECTED TO DOMINATE AUTONOMOUS SEGMENT OWING TO MAJOR APPLICATIONS IN VINEYARDS51
4.5ELECTRIC TRACTOR MARKET, BY PROPULSION51
FIGURE 16BATTERY ELECTRIC TRACTORS EXPECTED TO DRIVE MARKET OWING TO BETTER ROI51
4.6FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE52
FIGURE 17TWO-WHEEL DRIVE SEGMENT TO COMMAND HIGHEST SHARE IN FARM TRACTOR RENTAL MARKET IN 202152
4.7FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT52
FIGURE 1831-70 HP TO DOMINATE FARM TRACTOR RENTAL MARKET FROM
2021–202752
4.8FARM EQUIPMENT MARKET, BY REGION53
FIGURE 19ASIA OCEANIA ACCOUNTED FOR LARGEST SHARE OF MARKET IN 202153
5MARKET OVERVIEW54
5.1INTRODUCTION54
FIGURE 20FARM EQUIPMENT MARKET: MARKET DYNAMICS55
5.2DRIVERS55
5.2.1GOVERNMENT SUPPORT WITH FARM LOAN WAIVERS/ CREDIT FINANCE55
TABLE 3SCHEMES LAUNCHED BY GOVERNMENT OF INDIA56
5.2.2OEM/SALES INCENTIVES TO SUPPORT DEALER SERVICE AND RENTAL OPERATIONS57
5.2.3CONTRACT FARMING57
TABLE 4CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING58
FIGURE 21US FARMS WITH CONTRACTS, 202058
FIGURE 22US VALUE OF PRODUCTION UNDER CONTRACT, 202058
TABLE 5SAMPLE SIZE AND PREVALENCE OF CONTRACT FARMING, 201959
5.2.4INCREASE IN FARM MECHANIZATION59
FIGURE 23MECHANIZATION RATE AND CONTRIBUTION OF AGRICULTURE INDUSTRY TO GDP IN MAJOR GEOGRAPHIES, 202060
TABLE 6MECHANIZATION RATE IN INDIA FOR SEVERAL AGRICULTURAL ACTIVITIES, 202060
TABLE 7PATTERN OF ASSISTANCE IN VARIOUS SCHEMES OF GOVERNMENT OF INDIA61
TABLE 8SUPPORT FROM REGIONAL GOVERNMENTS61
5.3RESTRAINTS62
5.3.1GROWTH OF RENTAL MARKET62
TABLE 9JOHN DEERE: HARVESTERS RENTAL RATES IN US, 2020 (USD)63
TABLE 10JOHN DEERE: RENTAL RATES IN US, 2020 (USD)63
5.3.2HIGH EQUIPMENT COST IN EMERGING ECONOMIES63
TABLE 11PRICES OF TRACTORS IN US, 2020 (USD)64
TABLE 12PRICES OF VARIOUS FARM EQUIPMENT IN US, 2020 (USD)64
5.4OPPORTUNITIES64
5.4.1PRECISION AGRICULTURE64
5.4.2INCREASING R&D AND ADOPTION OF ELECTRIC TRACTORS65
5.5CHALLENGES66
5.5.1RAPIDLY CHANGING EMISSION NORMS AND MANDATES66
5.6PORTER’S FIVE FORCES ANALYSIS66
TABLE 13PORTER’S FIVE FORCES ANALYSIS66
FIGURE 24PORTER’S FIVE FORCES ANALYSIS67
5.6.1THREAT OF NEW ENTRANTS67
5.6.2THREAT OF SUBSTITUTES68
5.6.3BARGAINING POWER OF SUPPLIERS68
5.6.4BARGAINING POWER OF BUYERS68
5.6.5INTENSITY OF COMPETITIVE RIVALRY69
5.7TRADE ANALYSIS69
TABLE 14IMPORT TRADE DATA, BY KEY COUNTRIES, 2020 (USD)69
TABLE 15EXPORT TRADE DATA, BY KEY COUNTRIES, 2020 (USD)69
5.8TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS70
FIGURE 25REVENUE SHIFT FOR FARM EQUIPMENT MARKET70
5.9CASE STUDIES70
5.9.1CASE STUDY: TRUCKER AND CATTLE FARMER BENEFITS FROM
TELESKID EFFICIENCY70
5.9.2CASE STUDY: KUBOTA UNVEILED PROTOTYPE OF COMPLETE ELECTRIC AUTONOMOUS TRACTOR70
5.9.3CASE STUDY: JOHN DEERE PREVIEWED X9 COMBINE HARVESTER71
5.9.4CASE STUDY: STEYR UNVEILED HYBRID CONCEPT TRACTOR71
5.9.5CASE STUDY: AGRIROBO UNMANNED AUTONOMOUS AGRICULTURAL MACHINERY71
5.10PATENT ANALYSIS71
5.11SUPPLY CHAIN ANALYSIS74
FIGURE 26SUPPLY CHAIN ANALYSIS: FARM EQUIPMENT MARKET75
5.12FARM EQUIPMENT MARKET ECOSYSTEM76
TABLE 16ROLE OF COMPANIES IN FARM EQUIPMENT MARKET ECOSYSTEM76
5.12.1REGULATORY ANALYSIS: EMISSION REGULATIONS77
5.12.1.1Farm Equipment77
FIGURE 27NON-ROAD MOBILE MACHINERY EMISSION REGULATION OUTLOOK,
2019–202577
5.12.2AVERAGE SELLING PRICE (ASP) ANALYSIS, BY POWER OUTPUT AND REGION78
TABLE 17ASP: <30 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)78
TABLE 18ASP: 31-70 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)78
TABLE 19ASP: 71-130 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION,
2021 (USD)78
TABLE 20ASP: 131-250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION,
2021 (USD)79
TABLE 21ASP: >250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)79
5.12.3FARM EQUIPMENT: TECHNOLOGY TREND79
5.12.3.1Farm Equipment Automation79
5.12.3.2Agriculture 5.080
TABLE 22CROP DATA MANAGEMENT SOFTWARE APPLICATIONS81
5.12.4FARM EQUIPMENT MARKET SCENARIO81
FIGURE 28FARM EQUIPMENT MARKET SCENARIO, 2018–2027 (USD BILLION)81
5.12.4.1Realistic Scenario82
TABLE 23FARM EQUIPMENT MARKET (REALISTIC SCENARIO), BY REGION,
2018–2027 (USD MILLION)82
5.12.4.2Low Impact Scenario82
TABLE 24FARM EQUIPMENT MARKET (LOW IMPACT SCENARIO), BY REGION,
2018–2027 (USD MILLION)83
5.12.4.3High Impact Scenario83
TABLE 25FARM EQUIPMENT MARKET (HIGH IMPACT SCENARIO), BY REGION,
2018–2027 (USD MILLION)83
6RECOMMENDATIONS BY MARKETSANDMARKETS84
6.1ASIA OCEANIA EXPECTED TO DOMINATE FARM EQUIPMENT MARKET84
6.2KEY FOCUS AREAS OF ELECTRIC FARM TRACTORS84
6.3FOUR-WHEEL DRIVE TRACTORS FOR FUTURE APPLICATIONS - KEY FOCUS AREA85
6.4GROWTH OF AUTONOMOUS TRACTORS IN COMING YEARS85
6.5CONCLUSION85

7FARM TRACTOR MARKET, BY POWER OUTPUT87
7.1INTRODUCTION88
7.1.1RESEARCH METHODOLOGY88
7.1.2ASSUMPTIONS88
7.1.3INDUSTRY INSIGHTS89
FIGURE 29FARM TRACTOR MARKET, BY POWER OUTPUT, 2021 VS. 2027 (USD MILLION)89
TABLE 26FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (‘000 UNITS)89
TABLE 27FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (‘000 UNITS)90
TABLE 28FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (USD MILLION)90
TABLE 29FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (USD MILLION)90
7.2<30 HP91
TABLE 30<30 HP: FARM TRACTOR MARKET, BY REGION, 2016–2020 (‘000 UNITS)91
TABLE 31<30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2027 (‘000 UNITS)91
TABLE 32<30 HP: FARM TRACTOR MARKET, BY REGION, 2016–2020 (USD MILLION)91
TABLE 33<30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2027 (USD MILLION)92
7.331–70 HP92
TABLE 3431–70 HP: FARM TRACTOR MARKET, BY REGION, 2016–2020 (‘000 UNITS)92
TABLE 3531–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2027 (‘000 UNITS)92
TABLE 3631–70 HP: FARM TRACTOR MARKET, BY REGION,
2016–2020 (USD MILLION)93
TABLE 3731–70 HP: FARM TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)93
7.471–130 HP93
TABLE 3871–130 HP: FARM TRACTOR MARKET, BY REGION, 2016–2020 (‘000 UNITS)94
TABLE 3971–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2027 (‘000 UNITS)94
TABLE 4071–130 HP: FARM TRACTOR MARKET, BY REGION,
2016–2020 (USD MILLION)94
TABLE 4171–130 HP: FARM TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)94
7.5131–250 HP95
TABLE 42131–250 HP: FARM TRACTOR MARKET, BY REGION,
2016–2020 (‘000 UNITS)95
TABLE 43131–250 HP: FARM TRACTOR MARKET, BY REGION,
2021–2027 (‘000 UNITS)95
TABLE 44131–250 HP: FARM TRACTOR MARKET, BY REGION,
2016–2020 (USD MILLION)96
TABLE 45131–250 HP: FARM TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)96
7.6>250 HP96
TABLE 46>250 HP: FARM TRACTOR MARKET, BY REGION, 2016–2020 (‘000 UNITS)96
TABLE 47>250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2027 (‘000 UNITS)97
TABLE 48>250 HP: FARM TRACTOR MARKET, BY REGION, 2016–2020 (USD MILLION)97
TABLE 49>250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2027 (USD MILLION)97
8FARM TRACTOR MARKET, BY DRIVE TYPE98
8.1INTRODUCTION99
8.1.1RESEARCH METHODOLOGY99
8.1.2ASSUMPTIONS99
8.1.3INDUSTRY INSIGHTS99
FIGURE 30FARM TRACTOR MARKET, BY DRIVE TYPE, 2021 VS 2027 (USD MILLION)100
TABLE 50FARM TRACTOR MARKET, BY DRIVE TYPE, 2016–2020 (‘000 UNITS)100
TABLE 51FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2027 (‘000 UNITS)100
TABLE 52FARM TRACTOR MARKET, BY DRIVE TYPE, 2016–2020 (USD MILLION)100
TABLE 53FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2027 (USD MILLION)101
8.2TWO-WHEEL DRIVE101
TABLE 54TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2016–2020 (‘000 UNITS)101
TABLE 55TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2027 (‘000 UNITS)101
TABLE 56TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2016–2020 (USD MILLION)102
TABLE 57TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)102
8.3FOUR-WHEEL DRIVE102
TABLE 58FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2016–2020 (‘000 UNITS)102
TABLE 59FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2027 (‘000 UNITS)103
TABLE 60FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2016–2020 (USD MILLION)103
TABLE 61FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)103
9FARM IMPLEMENTS MARKET, BY FUNCTION104
9.1INTRODUCTION105
9.1.1RESEARCH METHODOLOGY105
9.1.2ASSUMPTIONS105
9.1.3INDUSTRY INSIGHTS105
FIGURE 31IMPLEMENTS MARKET, BY FUNCTION, 2021 VS. 2027 (USD MILLION)106
TABLE 62IMPLEMENTS MARKET, BY FUNCTION, 2016–2020 (USD MILLION)106
TABLE 63IMPLEMENTS MARKET, BY FUNCTION, 2021–2027 (USD MILLION)106
9.2PLOWING & CULTIVATING107
TABLE 64PLOWING & CULTIVATING MARKET, BY REGION, 2016–2020 (USD MILLION)107
TABLE 65PLOWING & CULTIVATING MARKET, BY REGION, 2021–2027 (USD MILLION)107
9.3SOWING & PLANTING108
TABLE 66SOWING & PLANTING MARKET, BY REGION, 2016–2020 (USD MILLION)108
TABLE 67SOWING & PLANTING MARKET, BY REGION, 2021–2027 (USD MILLION)108

9.4PLANT PROTECTION & FERTILIZING109
TABLE 68PLANT PROTECTION & FERTILIZING MARKET, BY REGION,
2016–2020 (USD MILLION)109
TABLE 69PLANT PROTECTION & FERTILIZING MARKET, BY REGION,
2021–2027 (USD MILLION)109
9.5HARVESTING & THRESHING110
TABLE 70HARVESTING & THRESHING MARKET, BY REGION,
2016–2020 (USD MILLION)110
TABLE 71HARVESTING & THRESHING MARKET, BY REGION,
2021–2027 (USD MILLION)110
9.6OTHER IMPLEMENTS111
TABLE 72OTHER IMPLEMENTS MARKET, BY REGION, 2016–2020 (USD MILLION)111
TABLE 73OTHER IMPLEMENTS MARKET, BY REGION, 2021–2027 (USD MILLION)111
10FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE112
10.1INTRODUCTION113
10.1.1RESEARCH METHODOLOGY113
10.1.2ASSUMPTIONS113
10.1.3INDUSTRY INSIGHTS114
FIGURE 32FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE,
2021 VS 2027 (USD MILLION)114
TABLE 74FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE,
2016–2020 (USD MILLION)114
TABLE 75FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE,
2021–2027 (USD MILLION)115
10.2TRACTORS115
TABLE 76TRACTORS RENTAL MARKET, BY REGION, 2016–2020 (USD MILLION)115
TABLE 77TRACTORS RENTAL MARKET, BY REGION, 2021–2027 (USD MILLION)116
10.3COMBINES116
TABLE 78COMBINES RENTAL MARKET, BY REGION, 2016–2020 (USD MILLION)116
TABLE 79COMBINES RENTAL MARKET, BY REGION, 2021–2027 (USD MILLION)117
10.4SPRAYERS117
TABLE 80SPRAYERS RENTAL MARKET, BY REGION, 2016–2020 (USD MILLION)117
TABLE 81SPRAYERS RENTAL MARKET, BY REGION, 2021–2027 (USD MILLION)118
10.5BALERS118
TABLE 82BALERS RENTAL MARKET, BY REGION, 2016–2020 (USD MILLION)118
TABLE 83BALERS RENTAL MARKET, BY REGION, 2021–2027 (USD MILLION)119
10.6OTHER EQUIPMENT119
TABLE 84OTHER EQUIPMENT RENTAL MARKET, BY REGION,
2016–2020 (USD MILLION)119
TABLE 85OTHER EQUIPMENT RENTAL MARKET, BY REGION,
2021–2027 (USD MILLION)120

11FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT121
11.1INTRODUCTION122
11.1.1RESEARCH METHODOLOGY122
11.1.2ASSUMPTIONS122
11.1.3INDUSTRY INSIGHTS123
FIGURE 33FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT,
2021 VS. 2027 (USD MILLION)123
TABLE 86FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)123
TABLE 87FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)124
11.2<30 HP124
TABLE 88<30 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2016–2020 (USD MILLION)125
TABLE 89<30 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2027 (USD MILLION)125
11.331–70 HP125
TABLE 9031–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2016–2020 (USD MILLION)126
TABLE 9131–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2027 (USD MILLION)126
11.471–130 HP126
TABLE 9271–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2016–2020 (USD MILLION)127
TABLE 9371–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2027 (USD MILLION)127
11.5131–250 HP127
TABLE 94131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2016–2020 (USD MILLION)128
TABLE 95131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2027 (USD MILLION)128
11.6>250 HP128
TABLE 96>250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2016–2020 (USD MILLION)129
TABLE 97>250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2027 (USD MILLION)129
12FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE130
12.1INTRODUCTION131
12.1.1RESEARCH METHODOLOGY131
12.1.2ASSUMPTIONS131
12.1.3INDUSTRY INSIGHTS132
FIGURE 34FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE,
2021–2027 (USD MILLION)132
TABLE 98FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE,
2016–2020 (USD MILLION)132
TABLE 99FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE,
2021–2027 (USD MILLION)132
12.2TWO-WHEEL DRIVE133
TABLE 100TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION,
2016-2020 (USD MILLION)133
TABLE 101TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION,
2021-2027 (USD MILLION)133
12.3FOUR-WHEEL DRIVE134
TABLE 102FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION,
2016-2020 (USD MILLION)134
TABLE 103FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION,
2021-2027 (USD MILLION)135
13AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT136
13.1INTRODUCTION137
13.1.1RESEARCH METHODOLOGY137
13.1.2ASSUMPTIONS138
13.1.3INDUSTRY INSIGHTS138
FIGURE 35AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT,
2022–2030 (USD MILLION)138
TABLE 104AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT,
2022–2025 (‘000 UNITS)139
TABLE 105AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT,
2026–2030 (‘000 UNITS)139
TABLE 106AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT,
2022–2025 (USD MILLION)139
TABLE 107AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT,
2026–2030 (USD MILLION)139
13.2<30 HP140
TABLE 108<30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2022–2025 (‘000 UNITS)140
TABLE 109<30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2026–2030 (‘000 UNITS)140
TABLE 110<30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2022–2025 (USD MILLION)141
TABLE 111<30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2026–2030 (USD MILLION)141
13.331–100 HP141
TABLE 11231-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2022–2025 (‘000 UNITS)142
TABLE 11331-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2026–2030 (‘000 UNITS)142
TABLE 11431-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2022–2025 (USD MILLION)142
TABLE 11531-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2026–2030 (USD MILLION)142

13.4>100 HP143
TABLE 116>100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2022–2025 (‘000 UNITS)143
TABLE 117>100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2026–2030 (‘000 UNITS)143
TABLE 118>100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2022–2025 (USD MILLION)144
TABLE 119>100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION,
2026–2030 (USD MILLION)144
14ELECTRIC TRACTOR MARKET, BY PROPULSION145
14.1INTRODUCTION146
14.1.1RESEARCH METHODOLOGY146
14.1.2ASSUMPTIONS147
14.1.3INDUSTRY INSIGHTS147
FIGURE 36ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2027 (USD MILLION)147
TABLE 120ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018-2020 (UNITS)148
TABLE 121ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2027 (UNITS)148
TABLE 122ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018-2020 (USD MILLION)148
TABLE 123ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2027 (USD MILLION)148
14.2BATTERY ELECTRIC149
TABLE 124BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2018–2020 (UNITS)149
TABLE 125BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2027 (UNITS)149
TABLE 126BATTERY ELECTRIC TRACTOR MARKET, BY REGION,
2018-2020 (USD MILLION)150
TABLE 127BATTERY ELECTRIC TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)150
14.3HYBRID ELECTRIC150
TABLE 128HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2018-2020 (UNITS)151
TABLE 129HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2027 (UNITS)151
TABLE 130HYBRID ELECTRIC TRACTOR MARKET, BY REGION,
2018-2020 (USD MILLION)151
TABLE 131HYBRID ELECTRIC TRACTOR MARKET, BY REGION,
2021–2027 (USD MILLION)152
15FARM TRACTOR MARKET, BY REGION153
15.1INTRODUCTION154
15.1.1RESEARCH METHODOLOGY154
15.1.2ASSUMPTIONS154
15.1.3INDUSTRY INSIGHTS155
FIGURE 37FARM TRACTOR MARKET, BY REGION, 2021 VS 2027 (USD MILLION)155
TABLE 132FARM TRACTOR MARKET, BY REGION, 2016–2020 (‘000 UNITS)156
TABLE 133FARM TRACTOR MARKET, BY REGION, 2021–2027 (‘000 UNITS)156
TABLE 134FARM TRACTOR MARKET, BY REGION, 2016–2020 (USD MILLION)156
TABLE 135FARM TRACTOR MARKET, BY REGION, 2021–2027 (USD MILLION)156
15.2ASIA OCEANIA157
FIGURE 38ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT158
TABLE 136ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY,
2016–2020 (‘000 UNITS)159
TABLE 137ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY,
2021–2027 (‘000 UNITS)159
TABLE 138ASIA-OCEANIA: FARM TRACTOR MARKET, BY COUNTRY,
2016–2020 (USD MILLION)159
TABLE 139ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY,
2021–2027 (USD MILLION)160
15.2.1AUSTRALIA160
15.2.1.1Government assistance to farmers expected to drive market160
TABLE 140AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)160
TABLE 141AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)161
TABLE 142AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)161
TABLE 143AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)161
15.2.2CHINA162
15.2.2.1Favorable government policies to subsidize tractor sales drive in China162
TABLE 144CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)162
TABLE 145CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)162
TABLE 146CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)163
TABLE 147CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)163
15.2.3INDIA163
15.2.3.1Rise in farm mechanization expected to drive Indian farm tractor market163
TABLE 148INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)164
TABLE 149INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)164
TABLE 150INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)164
TABLE 151INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)165

15.2.4JAPAN165
15.2.4.1Focus on encouraging agricultural co-operatives expected to fuel Japanese market165
TABLE 152JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)165
TABLE 153JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)166
TABLE 154JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)166
TABLE 155JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)166
15.2.5SOUTH KOREA167
15.2.5.1Debt restructuring plans for farmers to influence South Korean farm tractor market167
TABLE 156SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)167
TABLE 157SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)167
TABLE 158SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)167
TABLE 159SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)168
15.2.6REST OF ASIA OCEANIA168
15.2.6.1Favorable government policies drive farm tractors market in Rest of Asia Oceania168
TABLE 160REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (‘000 UNITS)168
TABLE 161REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (‘000 UNITS)169
TABLE 162REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (USD MILLION)169
TABLE 163REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (USD MILLION)169
15.3EUROPE170
FIGURE 39EUROPE: FARM TRACTOR MARKET SNAPSHOT170
TABLE 164EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2016–2020 (‘000 UNITS)171
TABLE 165EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2027 (‘000 UNITS)171
TABLE 166EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2016–2020 (USD MILLION)172
TABLE 167EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2027 (USD MILLION)172
15.3.1FRANCE173
15.3.1.1Shortage of labor expected to drive French farm tractor market173
TABLE 168FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)173
TABLE 169FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)173
TABLE 170FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)174
TABLE 171FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)174
15.3.2GERMANY174
15.3.2.1Increasing demand for high-powered tractors expected to fuel German market174
TABLE 172GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)175
TABLE 173GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)175
TABLE 174GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)175
TABLE 175GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)176
15.3.3ITALY176
15.3.3.1Increasing popularity of precision agriculture expected to propel market in Italy176
TABLE 176ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)176
TABLE 177ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)177
TABLE 178ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)177
TABLE 179ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)177
15.3.4POLAND178
15.3.4.1Farm subsidies in Poland expected to drive market178
TABLE 180POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)178
TABLE 181POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)178
TABLE 182POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)178
TABLE 183POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)179
15.3.5RUSSIA179
15.3.5.1Small and medium-sized farms to support Russian market179
TABLE 184RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)179
TABLE 185RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)180
TABLE 186RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)180
TABLE 187RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)180

15.3.6SPAIN181
15.3.6.1Shortage of labor and increasing focus on precision agriculture to fuel market in Spain181
TABLE 188SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)181
TABLE 189SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)181
TABLE 190SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)182
TABLE 191SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)182
15.3.7TURKEY182
15.3.7.1Larger farm sizes and favorable government policies to accelerate market in Turkey182
TABLE 192TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)183
TABLE 193TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)183
TABLE 194TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)183
TABLE 195TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)184
15.3.8UK184
15.3.8.1Demand for high-powered tractors to push UK market184
TABLE 196UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (‘000 UNITS)184
TABLE 197UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (‘000 UNITS)185
TABLE 198UK: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)185
TABLE 199UK: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)185
15.3.9REST OF EUROPE186
15.3.9.1Financial aids from governments expected to drive Rest of Europe market186
TABLE 200REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)186
TABLE 201REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)186
TABLE 202REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)187
TABLE 203REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)187
15.4NORTH AMERICA187
FIGURE 40NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY,
2021 VS 2027 (USD MILLION)188
TABLE 204NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY,
2016–2020 (‘000 UNITS)188
TABLE 205NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY,
2021–2027 (‘000 UNITS)188
TABLE 206NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY,
2016–2020 (USD MILLION)189
TABLE 207NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY,
2021–2027 (USD MILLION)189
15.4.1CANADA189
15.4.1.1Farm mechanization and investment by government for crop production to expand market in Canada189
TABLE 208CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)190
TABLE 209CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)190
TABLE 210CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)190
TABLE 211CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)191
15.4.2MEXICO191
15.4.2.1Government support and presence of OEMs fuel market in Mexico191
TABLE 212MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)191
TABLE 213MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)192
TABLE 214MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)192
TABLE 215MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)192
15.4.3US193
15.4.3.1Presence of key players expected to amplify tractors market in US193
TABLE 216US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (‘000 UNITS)193
TABLE 217US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (‘000 UNITS)193
TABLE 218US: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)194
TABLE 219US: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)194
15.5REST OF THE WORLD (ROW)194
FIGURE 41REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2021 VS 2027 (USD MILLION)195
TABLE 220REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2016–2020 (‘000 UNITS)195
TABLE 221REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2021–2027 (‘000 UNITS)195
TABLE 222REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2016–2020 (USD MILLION)196
TABLE 223REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2021–2027 (USD MILLION)196

15.5.1ARGENTINA196
15.5.1.1Focus of key players in manufacturing tractors push market in Argentina196
TABLE 224ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)197
TABLE 225ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)197
TABLE 226ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)197
TABLE 227ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)198
15.5.2BRAZIL198
15.5.2.1Increasing export of tractors drive market in Brazil198
TABLE 228BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (‘000 UNITS)198
TABLE 229BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (‘000 UNITS)199
TABLE 230BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT,
2016–2020 (USD MILLION)199
TABLE 231BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2027 (USD MILLION)199
15.5.3REST OF REST OF THE WORLD200
15.5.3.1Exports of produce and government subsidies accelerate market in Rest of ROW200
TABLE 232REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (‘000 UNITS)200
TABLE 233REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (‘000 UNITS)200
TABLE 234REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 2016–2020 (USD MILLION)201
TABLE 235REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2027 (USD MILLION)201
16COMPETITIVE LANDSCAPE202
16.1OVERVIEW202
16.2FARM EQUIPMENT MARKET SHARE ANALYSIS, 2020202
TABLE 236FARM EQUIPMENT MARKET SHARE ANALYSIS, 2020202
FIGURE 42FARM EQUIPMENT MARKET SHARE, 2020203
16.3REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS204
FIGURE 43REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2018-2020204
16.4COMPANY EVALUATION QUADRANT: FARM EQUIPMENT SUPPLIERS204
16.4.1STAR205
16.4.2EMERGING LEADERS205
16.4.3PERVASIVE205
16.4.4PARTICIPANTS205
TABLE 237FARM EQUIPMENT MARKET: COMPANY PRODUCT FOOTPRINT, 2020205
TABLE 238FARM TRACTOR MARKET: COMPANY PROPULSION FOOTPRINT, 2020206
TABLE 239FARM EQUIPMENT MARKET: COMPANY REGION FOOTPRINT, 2020208
FIGURE 44COMPETITIVE EVALUATION MATRIX: FARM EQUIPMENT SUPPLIERS, 2020209
FIGURE 45DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS210
16.5COMPETITIVE SCENARIO211
16.5.1NEW PRODUCT DEVELOPMENTS211
TABLE 240NEW PRODUCT DEVELOPMENTS, 2018–2022211
16.5.2DEALS221
TABLE 241DEALS, 2018–2022221
16.5.3OTHER DEVELOPMENTS226
TABLE 242OTHER DEVELOPMENTS, 2018–2021226
16.6KEY PLAYER STRATEGIES/

Report Title: Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027


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