曳引機 -市場佔有率分析、行業趨勢和統計、成長預測（2024-2029）

曳引機市場規模預計到 2024 年為 848 億美元，預計到 2029 年將達到 1145 億美元，在預測期內（2024-2029 年）複合年成長率為 5.90%。

近年來，受農業機械化程度提高、大馬力曳引機需求增加以及政府支持農業機械化等因素影響，曳引機市場穩定成長。市場規模龐大，體現了曳引機在提高農業效率方面的重要作用。精密農業技術的採用和對永續農業方法的需求進一步促進了曳引機市場的成長軌跡。

該市場的特點是擁有約翰迪爾、CNH Industrial（Case IH 和 New Holland）、AGCO Corporation（Massey Ferguson 和 Fendt）和 Kubota 等世界領先公司。這些公司競爭激烈，提供具有各種功率容量和功能的曳引機，以滿足歐洲農民的多樣化需求。競爭的焦點不僅是產品，更是服務和支援網路，售後服務在農機領域發揮重要作用。

從長期來看，推動全球曳引機銷售成長的主要因素是農業機械化率的提高，特別是在開發中國家，農業勞動成本上升、季節性勞動力短缺以及曳引機更換週期縮短。然而，一些行業主要企業正專注於市場併購和新產品開發。例如

主要亮點

• 法國新興企業Seederal 宣布將於 2023 年開始開發電動曳引機。該公司目前正在製造一款電動曳引機原型機，預計將具有160馬力的強大輸出能力。這項舉措符合永續農業實踐和採用電動農業機械的全球趨勢。
• 在 2022 年 10 月舉行的 Kubota Connect 上，久保田向經銷商展示了新產品。 M7 系列第 4 代 久保田 M7 是該公司最大的牲畜和飼料生產曳引機。

曳引機技術的進步正在對歐洲市場產生重大影響。 GPS 引導系統、遠端資訊處理和自動駕駛儀等精密農業技術擴大融入現代曳引機中。這些技術透過提高營運效率、最佳化投入使用和最大限度地減少環境影響，為永續農業做出貢獻。精密農業的採用是一個顯著的趨勢，農民投資配備智慧技術的曳引機來提高生產力。

隨著印度、中國和日本等主要新興經濟體透過提供補貼和降低農業設備信貸利率來鼓勵農民使用曳引機，亞太地區正在迅速成長，預計未來五年將顯著成長。此舉可能會推動這些地區對曳引機的需求。

曳引機市場趨勢

40馬力以下曳引機市場的成長預計在未來五年內將加強

全球曳引機市場正在見證令人著迷的趨勢。雖然大型高馬力曳引機因其在困難地形和多樣化應用中的卓越性能而繼續受到人們的關注，但 40 馬力 (HP) 以下的曳引機預計在未來五年內也會出現強勁成長。

這些曳引機稱為緊湊型曳引機，引擎排氣量一般小於1500cc，佔用空間較小。這使其成為小型農場、小空間機動、割草、耕作和輕型運輸等基本農業任務的理想選擇。

近年來，印度和中國等主要曳引機市場的 40 匹馬力以下曳引機市場出現了積極成長。與傳統的體力勞動相比，中小型農場擴大採用小型曳引機來提高效率和生產力。一些政府正在提供贈款和貸款計劃，鼓勵小農投資這些曳引機，進一步促進採用。

製造商已經認知到這種需求的成長，並正在推出專門針對 40 馬力以下細分市場的新型號。例如

• Mahindra Jio（印度）：一種小型曳引機，以其機動性和經濟性而聞名，針對小農和業餘愛好者。
• 約翰迪爾 1025R（美國）：一款多功能超小型曳引機，專為割草、園林綠化和輕型作業而設計。

預計 2024 年至 2029 年亞太地區將引領市場

亞太地區因其廣闊而多樣化的農業景觀而成為全球曳引機市場的領導者。該地區氣候和地形複雜，適合多種作物和耕作方法。由於農業是許多亞太國家的主要經濟活動，曳引機的需求本來就很高。小農和大農都依賴曳引機耕作、種植和收割，推動了各個農業部門的持續需求。

亞太地區是世界上大多數人口的家園，確保糧食安全是該地區許多國家的首要任務。曳引機在提高農業生產力和讓農民有效耕種更大面積方面發揮著重要作用。養活不斷成長的人口的需求刺激了對機械化的投資，使曳引機對於加強亞太地區的農業生產和整體糧食安全至關重要。

亞太地區許多國家政府認知到農業機械化在經濟發展和糧食生產中的重要性。為此，國家實施了扶持政策、補貼和財政獎勵，鼓勵採用曳引機等現代化農業機械。旨在提高農業效率和永續實踐的政府舉措為亞太地區曳引機市場的領導地位做出了重大貢獻。

亞太地區已經接受了農業技術的進步，導致現代和技術先進的曳引機的擴散。精密農業技術、GPS 引導曳引機和智慧農業解決方案正在該地區取得進展。農民擴大投資配備最尖端科技的曳引機，以最佳化資源利用、減少環境影響並提高整體農業生產力。

• 2023 年 8 月，總部位於班加羅爾的專業曳引機和耕耘機製造商 VST Tillers Tractors 宣布打算投資 10 億印度盧比建立專用的研發中心。這項重大投資旨在促進全球農業領域的研究和創新。這項舉措強調了 VST Tillers Tractors 致力於保持技術進步的前沿並為全球農業實踐的發展做出貢獻。
• 2023年8月，Mahindra & Mahindra與日本三菱馬恆達農機合作，在南非開普敦的OJA平台上推出了新系列曳引機。此次合作推出了一系列超小型、緊湊型和小型公共事業曳引機，功率範圍為 20 至 40 馬力（14.91-29.82kW）。 Mahindra & Mahindra 在 OJA 平台上投資了 120 億印度盧比，計劃於明年推出重型公共事業曳引機，突顯其致力於提供技術先進曳引機的全面產品線的承諾。

曳引機產業概況

曳引機市場適度整合，全球和地區多個參與者積極參與。主要參與者有： Mahindra & Mahindra、Tractor、Kubota Corporation、Farm Equipment Limited 和 HMT Limited 正在採用協議和產品發布作為改善曳引機產品組合的關鍵發展策略。

• 2023 年 12 月，AutoNxt Automation 在該國最大的農業展覽 Krishithon 2023 上展示了其最新創新成果。活動期間，公司創辦人兼執行長Kaustubh Dhonde先生自豪地介紹了45HP曳引機的新型裝載機應用，並揭開了20HP電動曳引機的原型機。 Krishithon 2023 現已進入第 16 個年頭，已成為 AutoNxt Automation 展示其對農業部門轉型承諾的重要平台。
• 2023 年 7 月，以其全電動、駕駛員驅動、連網型曳引機 MK-V 聞名的 Monarch Tractor 宣佈在新加坡擴張。此舉標誌著該公司在亞太地區的顯著成長以及對人工智慧、機器人和智慧農業技術的濃厚興趣。擴張決定反映了 Monarch Tractor 的策略定位，即利用亞太地區對先進農業技術快速成長的需求。
• 2022 年 11 月，New Holland 在 SIMA 2022 上推出了搭載 Raven Autonomy 的 T8 曳引機，這是一款駕駛人穀物車收割應用程式。它採用了 OMNiDRIVE，這是世界上第一個用於穀物車收割的無人駕駛農業技術。這種最尖端科技堆疊使農民能夠從收割機駕駛室監控、同步和操作無人駕駛曳引機。

其他好處：

• Excel 格式的市場預測 (ME) 表
• 3 個月的分析師支持

目錄

第1章簡介

• 調查先決條件
• 調查範圍

第2章調查方法

第3章執行摘要

第4章市場動態

• 市場促進因素
• 市場挑戰
• 產業吸引力－波特五力分析
  • 新進入者的威脅
  • 買家/消費者的議價能力
  • 供應商的議價能力
  • 替代品的威脅
  • 競爭公司之間敵對關係的強度

第5章市場區隔（市場規模）

• 按馬力
  • 小於40馬力
  • 40 HP-100 HP
  • 100馬力以上
• 按下驅動器類型
  • 兩輪驅動
  • 四輪驅動/全輪驅動
• 按地區
  • 北美洲
    • 美國
    • 加拿大
    • 北美其他地區
  • 歐洲
    • 德國
    • 英國
    • 法國
    • 西班牙
    • 義大利
    • 其他歐洲國家
  • 亞太地區
    • 中國
    • 日本
    • 印度
    • 韓國
    • 其他亞太地區
  • 世界其他地區
    • 南美洲
    • 中東/非洲

第6章 競爭狀況

• 供應商市場佔有率
• 公司簡介
  • Deere and Company
  • CNH Global NV（includes New Holland and Case IH）
  • AGCO Corporation（includes Massey Ferguson, Valtra, Fendt, and Challenger）
  • CLAAS KGaA mbH
  • Mahindra and Mahindra Corporation
  • Kubota Corporation
  • Escorts Limited
  • Tractors and Farm Equipment Limited（TAFE）
  • Kuhn Group（Subsidiary of Bucher Industries）
  • Yanmar Company Limited
  • Deutz-Fahr

The Tractors Market size is estimated at USD 84.80 billion in 2024, and is expected to reach USD 114.5 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).

The tractor market has experienced steady growth in recent years, driven by factors such as increasing mechanization in agriculture, rising demand for high-horsepower tractors, and government initiatives supporting farm mechanization. The market size is substantial, reflecting the essential nature of tractors in enhancing agricultural efficiency. The adoption of precision farming techniques and the need for sustainable farming practices further contribute to the growth trajectory of the tractor market.

The market is characterized by the presence of leading global players, including John Deere, CNH Industrial (Case IH and New Holland), AGCO Corporation (Massey Ferguson and Fendt), and Kubota. These companies compete intensely, offering a diverse range of tractors with varying power capacities and features to cater to the diverse needs of European farmers. The competition is not only centered around product offerings but also involves service and support networks, as after-sales services play a critical role in the agricultural machinery sector.

Over the long term, the key factors contributing to the increase in worldwide tractor sales are increasing farm mechanization rates, especially in developing nations, rising farm labor costs, seasonal labor shortages, and shorter tractor replacement cycles. However, some of the prominent players in the industry are focusing on mergers and acquisitions and new product development in the market. For instance,

Key Highlights

• The French start-up Seederal announced its venture into the development of an electric tractor in 2023. The company is currently in the process of constructing the electric tractor prototype, which is expected to possess a formidable power capacity of 160 hp. This initiative aligns with the global trend toward sustainable farming practices and the adoption of electric-powered agricultural machinery.
• In October 2022, At Kubota Connect, the manufacturer gave dealers a sneak peek at the new products. Series M7 Generation 4 The Kubota M7s are the company's largest tractors, aimed at livestock and forage producers.

Advancements in tractor technology have significantly influenced the European market. Precision farming technologies, such as GPS guidance systems, telematics, and automated steering, are increasingly integrated into modern tractors. These technologies enhance operational efficiency, optimize input usage, and contribute to sustainable agriculture by minimizing environmental impact. The adoption of precision farming practices is a notable trend, and farmers are investing in tractors equipped with smart technologies to improve productivity.

Asia-Pacific is expected to witness significant growth in the next five years as emerging key economies like India, China, and Japan are encouraging farmers in their countries by offering subsidized farm equipment and low credit rates to encourage tractor adoption. Such developments are likely to drive the demand for tractors in these regions.

Tractors Market Trends

The Below 40 HP Tractors Segment's Growth is Expected to be Bolstered over the Next Five Years

The global tractor market is witnessing a fascinating trend: while there's a continued interest in larger, high-horsepower tractors for superior performance in difficult terrains and diverse applications, the segment below 40 horsepower (HP) is also expected to experience significant growth in the coming five years.

These tractors, often referred to as compact tractors, are typically less than 1500 cc in engine displacement and occupy less space. This makes them ideal for smaller farms, maneuvering tight spaces, and handling basic agricultural tasks like mowing, tilling, and light-duty transport.

Major tractor markets like India and China have reported positive growth in the sub-40 HP segment in recent years. Small and medium-scale farms are increasingly adopting compact tractors to improve efficiency and productivity compared to traditional manual labor. Some governments offer subsidies or loan programs to encourage small farmers to invest in these tractors, further boosting adoption.

Manufacturers are recognizing this increasing demand and launching new models specifically catering to the sub-40 HP segment. For instance:

• Mahindra Gio (India): A compact tractor known for its maneuverability and affordability, targeting small farms and hobbyists.
• John Deere 1025R (United States): A versatile sub-compact tractor designed for mowing, landscaping, and light utility tasks.

Asia-Pacific is Anticipated to Lead the Market Between 2024 and 2029

Asia-Pacific stands out as a leader in the global tractor market due to its vast and diverse agricultural landscape. The region encompasses a wide range of climates and topographies, supporting a variety of crops and farming practices. With agriculture being a primary economic activity in many Asia-Pacific countries, the demand for tractors is inherently high. Small-scale and large-scale farmers alike rely on tractors for plowing, planting, and harvesting, driving sustained demand across diverse agricultural sectors.

Asia-Pacific is home to a significant portion of the world's population, and ensuring food security is a top priority for many nations in the region. Tractors play a crucial role in increasing agricultural productivity, allowing farmers to cultivate larger areas efficiently. The need to feed growing populations has spurred investments in mechanization, making tractors indispensable for enhancing farm output and overall food security in Asia-Pacific.

Many governments in Asia-Pacific have recognized the importance of mechanized agriculture for economic development and food production. As a result, they have implemented supportive policies, subsidies, and financial incentives to encourage the adoption of modern agricultural machinery, including tractors. Government initiatives aimed at improving farm efficiency and promoting sustainable practices contribute significantly to the leadership of Asia-Pacific in the tractor market.

Asia-Pacific has embraced technological advancements in agriculture, leading to the widespread adoption of modern and technologically advanced tractors. Precision farming techniques, GPS-guided tractors, and smart farming solutions have gained traction in the region. Farmers are increasingly investing in tractors equipped with cutting-edge technologies to optimize resource utilization, reduce environmental impact, and enhance overall agricultural productivity.

• In August 2023, VST Tillers Tractors, a Bengaluru-based manufacturer specializing in tractors and tillers, declared its intention to invest INR 100 crore in establishing a dedicated research and development center. This substantial investment is aimed at advancing research and fostering innovation in the global agricultural sector. The initiative underscores VST Tillers Tractors' commitment to staying at the forefront of technological advancements and contributing to the evolution of farming practices worldwide.
• In August 2023, in a collaborative effort with Mitsubishi Mahindra Agriculture Machinery, Japan, Mahindra and Mahindra launched a new line of tractors under the OJA platform in Cape Town, South Africa. This partnership led to the introduction of a series of sub-compact, compact, and small utility tractors, ranging from 20 hp to 40 hp (14.91-29.82 kW). With an investment of INR 1,200 crore in the OJA platform, Mahindra and Mahindra plans to unveil large utility tractors next year, highlighting their commitment to delivering a comprehensive range of technologically advanced tractors.

Tractors Industry Overview

The tractor market is moderately consolidated as it witnesses active engagement from several global and regional players. Major players such as Mahindra & Mahindra, Tractor, Kubota Corporation, Farm Equipment Limited, and HMT Limited are adopting agreements and product launches as key developmental strategies to improve the product portfolio of tractor products. For instance,

• In December 2023, AutoNxt Automation unveiled its latest innovations at Krishithon 2023, the largest agricultural exhibition in the country. During the event, Kaustubh Dhonde, the company's Founder and CEO, proudly introduced a new Loader application in a 45HP tractor and presented the prototype of a 20HP Electric Tractor. Krishithon 2023, now in its 16th edition, served as a pivotal platform for AutoNxt Automation to showcase its dedication to transforming the agricultural sector.
• In July 2023, Monarch Tractor, renowned for its MK-V, a fully electric, driver-optional, and connected tractor, announced the expansion of its operations in Singapore. This move signifies substantial growth and a strong interest in the company's AI, robotics, and smart farming technology within Asia Pacific. The decision to extend operations reflects Monarch Tractor's strategic positioning to capitalize on the burgeoning demand for advanced agricultural technologies in Asia-Pacific.
• In November 2022, At SIMA 2022, New Holland debuted the T8 tractor with Raven Autonomy, a driverless grain cart harvest application. It incorporates OMNiDRIVE, the world's first driverless agriculture technology for grain cart harvesting. The cutting-edge technology stack allows the farmer to monitor, synchronize, and operate a driverless tractor from the harvester's cab.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Drivers
• 4.2 Market Challenges
• 4.3 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.3.1 Threat of New Entrants
  • 4.3.2 Bargaining Power of Buyers/Consumers
  • 4.3.3 Bargaining Power of Suppliers
  • 4.3.4 Threat of Substitute Products
  • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION (Market Size in USD billion)

• 5.1 By Horsepower
  • 5.1.1 Below 40 HP
  • 5.1.2 40 HP - 100 HP
  • 5.1.3 Above 100 HP
• 5.2 By Drive Type
  • 5.2.1 Two-wheel Drive
  • 5.2.2 Four-wheel Drive/All-wheel Drive
• 5.3 By Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
  • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Spain
    • 5.3.2.5 Italy
    • 5.3.2.6 Rest of Europe
  • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
  • 5.3.4 Rest of the World
    • 5.3.4.1 South America
    • 5.3.4.2 Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Vendor Market Share
• 6.2 Company Profiles*
  • 6.2.1 Deere and Company
  • 6.2.2 CNH Global NV (includes New Holland and Case IH)
  • 6.2.3 AGCO Corporation (includes Massey Ferguson, Valtra, Fendt, and Challenger)
  • 6.2.4 CLAAS KGaA mbH
  • 6.2.5 Mahindra and Mahindra Corporation
  • 6.2.6 Kubota Corporation
  • 6.2.7 Escorts Limited
  • 6.2.8 Tractors and Farm Equipment Limited (TAFE)
  • 6.2.9 Kuhn Group (Subsidiary of Bucher Industries)
  • 6.2.10 Yanmar Company Limited
  • 6.2.11 Deutz-Fahr