Global Four-Wheel Drive Tractor Market Size, Forecasts, And Opportunities

Learn about the global four-wheel drive tractor market through The Business Research Company, which provides information on four-wheel drive tractor market size, four-wheel drive tractor market drivers and restraints, four-wheel drive tractor market players, the COVID-19 impact on the four-wheel drive tractor market, and more.

The global four-wheel drive tractor market expected to grow from $14.45 billion in 2020 to $15.61 billion in 2021 at a compound annual growth rate (CAGR) of 8.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The four-wheel drive tractor market is expected to reach $19.25 billion in 2025 at a CAGR of 5.4%.

The increase in mechanization in the agriculture industry is contributing to the growth of the four-wheel drive tractors market. Four-wheel drive tractors provide better traction, more pulling power, fuel-efficient, longer service intervals, and distribute power to all wheels depending on the requirement.

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The four-wheel drive tractor market consists of sales of four-wheel drive tractors by entities (organizations, sole traders, and partnerships) that manufacture four-wheel drive tractors for agricultural purposes. A four-wheel drive tractor consists of a four-wheel drive axle that can distribute power to all its wheels simultaneously. It helps in providing less slippage and greater traction with better performance.

Global four-wheel drive tractor market segments include:

By Power Output: Less than 40 HP, 40 HP to 100 HP, 100 HP to 200 HP, Above 200 HP

By Propulsion System: Diesel, Hybrid Electric, Electric

By Operation: Manual, Autonomous

By End-Use: Farm, Construction And Mining, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the four-wheel drive tractor market in 2020.

Key companies operating in the market are focusing on manufacturing smart four-wheel drive tractors, which have been gaining significant popularity in recent years. Smart tractors are used to reduce emissions and provide more sustainable data and work efficiently.

TBRC’s four-wheel drive tractor market report covers:

Major Market Players: AGCO Corporation, Deere & Company, Escorts Limited, Komatsu Corp., Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia S.p.A., Kubota Corporation, Deutz-Fahr, Caterpillar, Massey Ferguson Limited, SDF Group, New Holland, and Case IH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Four-Wheel Drive Tractor Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides four-wheel drive tractor market overviews, analyzes and forecasts market size, share, four-wheel drive tractor market players, four-wheel drive tractor market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s four-wheel drive tractor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

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