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Press release content from Business Wire. The AP news staff was not involved in its creation.

Insights on the Farm Tractor Global Market to 2026 - Featuring Caterpillar, CNH Industrial and JCB Among Others -

October 7, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Oct 7, 2021--

The “Farm Tractor Market Research Report by Horsepower (40 HP to 99 HP, Greater than 100 HP, and Less than 40 HP), by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2026 - Cumulative Impact of COVID-19” report has been added to’s offering.

The Global Farm Tractor Market size was estimated at USD 56.57 Billion in 2020 and expected to reach USD 60.15 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 6.66% to reach USD 83.33 Billion by 2026.


Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Farm Tractor Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments


4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Farm Tractor Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Farm Tractor Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Farm Tractor Market?

4. What is the competitive strategic window for opportunities in the Global Farm Tractor Market?

5. What are the technology trends and regulatory frameworks in the Global Farm Tractor Market?

6. What is the market share of the leading vendors in the Global Farm Tractor Market?

7. What modes and strategic moves are considered suitable for entering the Global Farm Tractor Market?

Market Dynamics


  • Increasing demand for contract farming
  • Rising government subsidies and loan waivers to farmers
  • Growing awareness regarding rental services on farm tractors


  • High cost of equipment in emerging economies


  • Growing trend of precision agriculture
  • Continuous technological advancements such as self driving farm tractors


  • Rapidly changing emission norms and mandates

Companies Mentioned

  • Caterpillar
  • CLAAS Group
  • CNH Industrial
  • Deere & Company
  • JCB
  • Kubota Corporation
  • Mahindra & Mahindra Limited
  • Massey Ferguson Limited
  • TAFE
  • Yanmar Co.

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SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 10/07/2021 09:58 AM/DISC: 10/07/2021 09:59 AM