LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global agricultural compact tractor market since 2017 and the market is poised to grow by 221.37 thousand units during 2018-2022, progressing at a CAGR of almost 4% during the forecast period. Request free sample pages
Read the 113-page report with TOC on “Agricultural Compact Tractor Market Analysis Report by Engine Capacity (20-40 HP and Below 20 HP), Geography (Americas, APAC, and EMEA), and the Segment Forecasts, 2018-2022”.
The market is driven by the growing use of compact tractors by small-scale farmers. In addition, the launch of new products is anticipated to further boost the growth of the agricultural compact tractor market.
Compact tractors are gaining popularity among farmers since they are lightweight, a crucial factor while handling delicate crops. They enable farmers to carry out various tasks in the agricultural fields with small farm implements, front-end loaders, and small backhoes. This reduces the dependency on farm laborers. In addition, compact tractors are less expensive and ideal for farmers with small landholdings. Owing to such benefits, the demand for compact tractors is increasing among small-scale farmers, which is driving the market growth.
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Major Five Agricultural Compact Tractor Companies:
AGCO
AGCO operates the business across segments such as Tractors, Replacement Parts, Grain Storage and Protein Production Systems, Combines, Application Equipment, and Other Machinery. The company offers compact tractors that can be used in small farms and specialty agricultural industries and for landscaping and residential purposes. 1500 Series, 1700E Series Economy Compact Tractors, and 2600 Series Utility Tractors are some of the key offerings of the company.
CNH Industrial
CNH Industrial operates the business across segments such as Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The company offers a wide range of agricultural compact tractors. Some of the key offerings of the company include Workmaster, Boomer Compact 33-47 SERIES, and Boomer Compact 24 HP.
Deere & Company
Deere & Company operates the business across segments such as Construction & Forestry, Agriculture & Turf, and Financial Services. The company offers a wide range of agricultural compact tractors. Some of the key offerings of the company include 1 Family Compact Utility Tractors, 2 Family Compact Utility Tractors, and 3 Family Compact Utility Tractors.
KUBOTA
KUBOTA operates the business across segments such as Farm and Industrial Machinery, Water and Environment, and Other. The company offers a wide range of agricultural compact tractors. BX Series and L Series are some of the key offerings of the company.
Mahindra & Mahindra
Mahindra & Mahindra operates the business across segments such as Automotive, Farm Equipment, and Other Businesses. The company offers a wide range of agricultural compact tractors. Some of the key offerings of the company include Mahindra JIVO 225 DI, Mahindra Yuvraj 215 NXT, Mahindra JIVO 245 DI 4WD, Mahindra 255 DI Power Plus, Mahindra 265 DI, Mahindra 245 DI Orchard, Mahindra JIVO 365 DI 4WD, Mahindra YUVO 265 DI, Mahindra YUVO 275 DI, Mahindra YUVO 415 DI, Mahindra 265 DI Power Plus, Mahindra 275 DI Eco, Mahindra 275 DI TU, and Mahindra 415 DI.
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Agricultural Compact Tractor Engine Capacity Outlook (Units, Thousand, 2018 – 2022)
- 20-40 HP
- Below 20 HP
Agricultural Compact Tractor Regional Outlook (Units, Thousand, 2018 – 2022)
- Americas
- APAC
- EMEA
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