Agriculture Tractors Market | 2031 Strategic Insights | Updates
The Agriculture Tractors Market is expected to register a CAGR of 6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is divided into four sections: Power Output (Less Than 30 HP, 31-70 Hp, 71-130 Hp, 131-250 Hp, Above 250 Hp), Drive Type (Two-Wheel Drive, Four-Wheel Drive), Equipment Type (Combines, Balers, Sprayers) and Function Type (Plowing Cultivating, Plant Protection Fertilizing, Harvesting Threshing). The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Agriculture Tractors Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Agriculture Tractors Market Segmentation
Power Output- Less Than 30 HP
- 31-70 Hp
- 71-130 Hp
- 131-250 Hp
- Above 250 Hp
- Two-Wheel Drive
- Four-Wheel Drive
- Combines
- Balers
- Sprayers
- Plowing Cultivating
- Plant Protection Fertilizing
- Harvesting Threshing
- Plowing Cultivating
- Plant Protection Fertilizing
- Harvesting Threshing
Strategic Insights
Agriculture Tractors Market Growth Drivers- Rising global food demand: Increasing global population and changing dietary habits are driving the need for higher agricultural productivity, fueling demand for tractors to enhance farming operations.
- Government support and subsidies: Many governments worldwide provide subsidies and incentives to promote mechanization in agriculture, making tractor ownership more accessible and affordable for farmers.
- Growing adoption of precision farming technologies: The increasing adoption of precision farming technologies, such as GPS guidance, auto-steering, and variable rate application, is driving demand for advanced tractors equipped with these capabilities.
- Rise of autonomous tractors: The development and adoption of autonomous tractors are expected to revolutionize agricultural practices, enhancing efficiency, reducing labor costs, and improving safety.
- Integration of IoT and AI: The integration of IoT and AI technologies will enable real-time data collection, predictive maintenance, and optimized operations, further enhancing tractor performance and productivity.
- Focus on electrification and alternative fuels: The growing emphasis on sustainability is driving the development of electric and hybrid tractors, as well as tractors powered by alternative fuels like biofuels and hydrogen.
- Expansion into emerging markets: The growing demand for mechanization in emerging economies presents significant opportunities for market expansion and the introduction of affordable and suitable tractor models.
- Development of specialized tractors: The development of specialized tractors for specific crops and farming practices, such as vineyards, orchards, and rice paddies, will cater to diverse market needs.
- Providing after-sales services and support: Offering comprehensive after-sales services, including maintenance, repair, and operator training, will enhance customer satisfaction and build long-term relationships.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Agriculture Tractors Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Agriculture Tractors Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Agriculture Tractors Market is expected to grow at a CAGR of 6% between 2023-2031
The driving factors impacting the Agriculture Tractors Market are: Rising global food demand, Government support and subsidies and Growing adoption of precision farming technologies.
The future trends of the Agriculture Tractors Market are: Rise of autonomous tractors, Integration of IoT and AI and Focus on electrification and alternative fuels.
The leading players in the market are: AGCO Corporation, Caterpillar Inc., CLAAS KGaA mbH, Deere & Company., ISEKI & CO., LTD., JCP, Kubota Agricultural Machinery India., Mahindra & Mahindra Ltd., MASSEY FERGUSON®, YANMAR CO., LTD.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Agriculture Tractors Market - By Power Output
1.3.2 Agriculture Tractors Market - By Drive Type
1.3.3 Agriculture Tractors Market - By Equipment Type
1.3.4 Agriculture Tractors Market - By Function Type
1.3.5 Agriculture Tractors Market - By Type
1.3.6 Agriculture Tractors Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AGRICULTURE TRACTORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AGRICULTURE TRACTORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AGRICULTURE TRACTORS MARKET - GLOBAL MARKET ANALYSIS
6.1. AGRICULTURE TRACTORS - GLOBAL MARKET OVERVIEW
6.2. AGRICULTURE TRACTORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AGRICULTURE TRACTORS MARKET - REVENUE AND FORECASTS TO 2028 - POWER OUTPUT
7.1. OVERVIEW
7.2. POWER OUTPUT MARKET FORECASTS AND ANALYSIS
7.3. LESS THAN 30 HP
7.3.1. Overview
7.3.2. Less Than 30 HP Market Forecast and Analysis
7.4. HP,31-70 HP
7.4.1. Overview
7.4.2. hp,31-70 Hp Market Forecast and Analysis
7.5. 71-130 HP
7.5.1. Overview
7.5.2. 71-130 Hp Market Forecast and Analysis
7.6. 131-250 HP
7.6.1. Overview
7.6.2. 131-250 Hp Market Forecast and Analysis
7.7. ABOVE 250 HP
7.7.1. Overview
7.7.2. Above 250 Hp Market Forecast and Analysis
8. AGRICULTURE TRACTORS MARKET - REVENUE AND FORECASTS TO 2028 - DRIVE TYPE
8.1. OVERVIEW
8.2. DRIVE TYPE MARKET FORECASTS AND ANALYSIS
8.3. TWO-WHEEL DRIVE
8.3.1. Overview
8.3.2. Two-Wheel Drive Market Forecast and Analysis
8.4. FOUR-WHEEL DRIVE
8.4.1. Overview
8.4.2. Four-Wheel Drive Market Forecast and Analysis
9. AGRICULTURE TRACTORS MARKET - REVENUE AND FORECASTS TO 2028 - EQUIPMENT TYPE
9.1. OVERVIEW
9.2. EQUIPMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. COMBINES
9.3.1. Overview
9.3.2. Combines Market Forecast and Analysis
9.4. BALERS
9.4.1. Overview
9.4.2. Balers Market Forecast and Analysis
9.5. SPRAYERS
9.5.1. Overview
9.5.2. Sprayers Market Forecast and Analysis
10. AGRICULTURE TRACTORS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION TYPE
10.1. OVERVIEW
10.2. FUNCTION TYPE MARKET FORECASTS AND ANALYSIS
10.3. PLOWING CULTIVATING
10.3.1. Overview
10.3.2. Plowing Cultivating Market Forecast and Analysis
10.4. PLANT PROTECTION FERTILIZING
10.4.1. Overview
10.4.2. Plant Protection Fertilizing Market Forecast and Analysis
10.5. HARVESTING THRESHING
10.5.1. Overview
10.5.2. Harvesting Threshing Market Forecast and Analysis
11. AGRICULTURE TRACTORS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
11.1. OVERVIEW
11.2. TYPE MARKET FORECASTS AND ANALYSIS
11.3. TRACTORS
11.3.1. Overview
11.3.2. Tractors Market Forecast and Analysis
11.4. COMBINES
11.4.1. Overview
11.4.2. Combines Market Forecast and Analysis
12. AGRICULTURE TRACTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Agriculture Tractors Market Overview
12.1.2 North America Agriculture Tractors Market Forecasts and Analysis
12.1.3 North America Agriculture Tractors Market Forecasts and Analysis - By Power Output
12.1.4 North America Agriculture Tractors Market Forecasts and Analysis - By Drive Type
12.1.5 North America Agriculture Tractors Market Forecasts and Analysis - By Equipment Type
12.1.6 North America Agriculture Tractors Market Forecasts and Analysis - By Function Type
12.1.7 North America Agriculture Tractors Market Forecasts and Analysis - By Type
12.1.8 North America Agriculture Tractors Market Forecasts and Analysis - By Countries
12.1.8.1 United States Agriculture Tractors Market
12.1.8.1.1 United States Agriculture Tractors Market by Power Output
12.1.8.1.2 United States Agriculture Tractors Market by Drive Type
12.1.8.1.3 United States Agriculture Tractors Market by Equipment Type
12.1.8.1.4 United States Agriculture Tractors Market by Function Type
12.1.8.1.5 United States Agriculture Tractors Market by Type
12.1.8.2 Canada Agriculture Tractors Market
12.1.8.2.1 Canada Agriculture Tractors Market by Power Output
12.1.8.2.2 Canada Agriculture Tractors Market by Drive Type
12.1.8.2.3 Canada Agriculture Tractors Market by Equipment Type
12.1.8.2.4 Canada Agriculture Tractors Market by Function Type
12.1.8.2.5 Canada Agriculture Tractors Market by Type
12.1.8.3 Mexico Agriculture Tractors Market
12.1.8.3.1 Mexico Agriculture Tractors Market by Power Output
12.1.8.3.2 Mexico Agriculture Tractors Market by Drive Type
12.1.8.3.3 Mexico Agriculture Tractors Market by Equipment Type
12.1.8.3.4 Mexico Agriculture Tractors Market by Function Type
12.1.8.3.5 Mexico Agriculture Tractors Market by Type
12.2. EUROPE
12.2.1 Europe Agriculture Tractors Market Overview
12.2.2 Europe Agriculture Tractors Market Forecasts and Analysis
12.2.3 Europe Agriculture Tractors Market Forecasts and Analysis - By Power Output
12.2.4 Europe Agriculture Tractors Market Forecasts and Analysis - By Drive Type
12.2.5 Europe Agriculture Tractors Market Forecasts and Analysis - By Equipment Type
12.2.6 Europe Agriculture Tractors Market Forecasts and Analysis - By Function Type
12.2.7 Europe Agriculture Tractors Market Forecasts and Analysis - By Type
12.2.8 Europe Agriculture Tractors Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Agriculture Tractors Market
12.2.8.1.1 Germany Agriculture Tractors Market by Power Output
12.2.8.1.2 Germany Agriculture Tractors Market by Drive Type
12.2.8.1.3 Germany Agriculture Tractors Market by Equipment Type
12.2.8.1.4 Germany Agriculture Tractors Market by Function Type
12.2.8.1.5 Germany Agriculture Tractors Market by Type
12.2.8.2 France Agriculture Tractors Market
12.2.8.2.1 France Agriculture Tractors Market by Power Output
12.2.8.2.2 France Agriculture Tractors Market by Drive Type
12.2.8.2.3 France Agriculture Tractors Market by Equipment Type
12.2.8.2.4 France Agriculture Tractors Market by Function Type
12.2.8.2.5 France Agriculture Tractors Market by Type
12.2.8.3 Italy Agriculture Tractors Market
12.2.8.3.1 Italy Agriculture Tractors Market by Power Output
12.2.8.3.2 Italy Agriculture Tractors Market by Drive Type
12.2.8.3.3 Italy Agriculture Tractors Market by Equipment Type
12.2.8.3.4 Italy Agriculture Tractors Market by Function Type
12.2.8.3.5 Italy Agriculture Tractors Market by Type
12.2.8.4 United Kingdom Agriculture Tractors Market
12.2.8.4.1 United Kingdom Agriculture Tractors Market by Power Output
12.2.8.4.2 United Kingdom Agriculture Tractors Market by Drive Type
12.2.8.4.3 United Kingdom Agriculture Tractors Market by Equipment Type
12.2.8.4.4 United Kingdom Agriculture Tractors Market by Function Type
12.2.8.4.5 United Kingdom Agriculture Tractors Market by Type
12.2.8.5 Russia Agriculture Tractors Market
12.2.8.5.1 Russia Agriculture Tractors Market by Power Output
12.2.8.5.2 Russia Agriculture Tractors Market by Drive Type
12.2.8.5.3 Russia Agriculture Tractors Market by Equipment Type
12.2.8.5.4 Russia Agriculture Tractors Market by Function Type
12.2.8.5.5 Russia Agriculture Tractors Market by Type
12.2.8.6 Rest of Europe Agriculture Tractors Market
12.2.8.6.1 Rest of Europe Agriculture Tractors Market by Power Output
12.2.8.6.2 Rest of Europe Agriculture Tractors Market by Drive Type
12.2.8.6.3 Rest of Europe Agriculture Tractors Market by Equipment Type
12.2.8.6.4 Rest of Europe Agriculture Tractors Market by Function Type
12.2.8.6.5 Rest of Europe Agriculture Tractors Market by Type
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Agriculture Tractors Market Overview
12.3.2 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis
12.3.3 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis - By Power Output
12.3.4 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis - By Drive Type
12.3.5 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis - By Equipment Type
12.3.6 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis - By Function Type
12.3.7 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis - By Type
12.3.8 Asia-Pacific Agriculture Tractors Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Agriculture Tractors Market
12.3.8.1.1 Australia Agriculture Tractors Market by Power Output
12.3.8.1.2 Australia Agriculture Tractors Market by Drive Type
12.3.8.1.3 Australia Agriculture Tractors Market by Equipment Type
12.3.8.1.4 Australia Agriculture Tractors Market by Function Type
12.3.8.1.5 Australia Agriculture Tractors Market by Type
12.3.8.2 China Agriculture Tractors Market
12.3.8.2.1 China Agriculture Tractors Market by Power Output
12.3.8.2.2 China Agriculture Tractors Market by Drive Type
12.3.8.2.3 China Agriculture Tractors Market by Equipment Type
12.3.8.2.4 China Agriculture Tractors Market by Function Type
12.3.8.2.5 China Agriculture Tractors Market by Type
12.3.8.3 India Agriculture Tractors Market
12.3.8.3.1 India Agriculture Tractors Market by Power Output
12.3.8.3.2 India Agriculture Tractors Market by Drive Type
12.3.8.3.3 India Agriculture Tractors Market by Equipment Type
12.3.8.3.4 India Agriculture Tractors Market by Function Type
12.3.8.3.5 India Agriculture Tractors Market by Type
12.3.8.4 Japan Agriculture Tractors Market
12.3.8.4.1 Japan Agriculture Tractors Market by Power Output
12.3.8.4.2 Japan Agriculture Tractors Market by Drive Type
12.3.8.4.3 Japan Agriculture Tractors Market by Equipment Type
12.3.8.4.4 Japan Agriculture Tractors Market by Function Type
12.3.8.4.5 Japan Agriculture Tractors Market by Type
12.3.8.5 South Korea Agriculture Tractors Market
12.3.8.5.1 South Korea Agriculture Tractors Market by Power Output
12.3.8.5.2 South Korea Agriculture Tractors Market by Drive Type
12.3.8.5.3 South Korea Agriculture Tractors Market by Equipment Type
12.3.8.5.4 South Korea Agriculture Tractors Market by Function Type
12.3.8.5.5 South Korea Agriculture Tractors Market by Type
12.3.8.6 Rest of Asia-Pacific Agriculture Tractors Market
12.3.8.6.1 Rest of Asia-Pacific Agriculture Tractors Market by Power Output
12.3.8.6.2 Rest of Asia-Pacific Agriculture Tractors Market by Drive Type
12.3.8.6.3 Rest of Asia-Pacific Agriculture Tractors Market by Equipment Type
12.3.8.6.4 Rest of Asia-Pacific Agriculture Tractors Market by Function Type
12.3.8.6.5 Rest of Asia-Pacific Agriculture Tractors Market by Type
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Agriculture Tractors Market Overview
12.4.2 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis
12.4.3 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis - By Power Output
12.4.4 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis - By Drive Type
12.4.5 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis - By Equipment Type
12.4.6 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis - By Function Type
12.4.7 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis - By Type
12.4.8 Middle East and Africa Agriculture Tractors Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Agriculture Tractors Market
12.4.8.1.1 South Africa Agriculture Tractors Market by Power Output
12.4.8.1.2 South Africa Agriculture Tractors Market by Drive Type
12.4.8.1.3 South Africa Agriculture Tractors Market by Equipment Type
12.4.8.1.4 South Africa Agriculture Tractors Market by Function Type
12.4.8.1.5 South Africa Agriculture Tractors Market by Type
12.4.8.2 Saudi Arabia Agriculture Tractors Market
12.4.8.2.1 Saudi Arabia Agriculture Tractors Market by Power Output
12.4.8.2.2 Saudi Arabia Agriculture Tractors Market by Drive Type
12.4.8.2.3 Saudi Arabia Agriculture Tractors Market by Equipment Type
12.4.8.2.4 Saudi Arabia Agriculture Tractors Market by Function Type
12.4.8.2.5 Saudi Arabia Agriculture Tractors Market by Type
12.4.8.3 U.A.E Agriculture Tractors Market
12.4.8.3.1 U.A.E Agriculture Tractors Market by Power Output
12.4.8.3.2 U.A.E Agriculture Tractors Market by Drive Type
12.4.8.3.3 U.A.E Agriculture Tractors Market by Equipment Type
12.4.8.3.4 U.A.E Agriculture Tractors Market by Function Type
12.4.8.3.5 U.A.E Agriculture Tractors Market by Type
12.4.8.4 Rest of Middle East and Africa Agriculture Tractors Market
12.4.8.4.1 Rest of Middle East and Africa Agriculture Tractors Market by Power Output
12.4.8.4.2 Rest of Middle East and Africa Agriculture Tractors Market by Drive Type
12.4.8.4.3 Rest of Middle East and Africa Agriculture Tractors Market by Equipment Type
12.4.8.4.4 Rest of Middle East and Africa Agriculture Tractors Market by Function Type
12.4.8.4.5 Rest of Middle East and Africa Agriculture Tractors Market by Type
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Agriculture Tractors Market Overview
12.5.2 South and Central America Agriculture Tractors Market Forecasts and Analysis
12.5.3 South and Central America Agriculture Tractors Market Forecasts and Analysis - By Power Output
12.5.4 South and Central America Agriculture Tractors Market Forecasts and Analysis - By Drive Type
12.5.5 South and Central America Agriculture Tractors Market Forecasts and Analysis - By Equipment Type
12.5.6 South and Central America Agriculture Tractors Market Forecasts and Analysis - By Function Type
12.5.7 South and Central America Agriculture Tractors Market Forecasts and Analysis - By Type
12.5.8 South and Central America Agriculture Tractors Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Agriculture Tractors Market
12.5.8.1.1 Brazil Agriculture Tractors Market by Power Output
12.5.8.1.2 Brazil Agriculture Tractors Market by Drive Type
12.5.8.1.3 Brazil Agriculture Tractors Market by Equipment Type
12.5.8.1.4 Brazil Agriculture Tractors Market by Function Type
12.5.8.1.5 Brazil Agriculture Tractors Market by Type
12.5.8.2 Argentina Agriculture Tractors Market
12.5.8.2.1 Argentina Agriculture Tractors Market by Power Output
12.5.8.2.2 Argentina Agriculture Tractors Market by Drive Type
12.5.8.2.3 Argentina Agriculture Tractors Market by Equipment Type
12.5.8.2.4 Argentina Agriculture Tractors Market by Function Type
12.5.8.2.5 Argentina Agriculture Tractors Market by Type
12.5.8.3 Rest of South and Central America Agriculture Tractors Market
12.5.8.3.1 Rest of South and Central America Agriculture Tractors Market by Power Output
12.5.8.3.2 Rest of South and Central America Agriculture Tractors Market by Drive Type
12.5.8.3.3 Rest of South and Central America Agriculture Tractors Market by Equipment Type
12.5.8.3.4 Rest of South and Central America Agriculture Tractors Market by Function Type
12.5.8.3.5 Rest of South and Central America Agriculture Tractors Market by Type
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. AGRICULTURE TRACTORS MARKET, KEY COMPANY PROFILES
14.1. AGCO CORPORATION
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. ARGO TRACTORS S.P.A.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. CLAAS KGAA MBH
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. CNH INDUSTRIAL N.V.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. DEERE AND COMPANY
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. DEUTZ-FAHR
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. ISEKI AND CO., LTD.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. KUBOTA CORPORATION
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. MAHINDRA AND MAHINDRA LTD.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. YANMAR HOLDINGS CO., LTD.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. AGCO Corporation
2. Argo Tractors S.p.A.
3. CLAAS KGaA mbH
4. CNH Industrial N.V.
5. Deere and Company
6. Deutz-Fahr
7. Iseki and Co., Ltd.
8. Kubota Corporation
9. Mahindra and Mahindra Ltd.
10. YANMAR HOLDINGS CO., LTD.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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