Electric farm tractors are tractors that use an electric motor to obtain drive as opposed to the conventional internal combustion engine. Electric farm tractors use a series of batteries to generate power and have fewer mechanical parts.
Rise in awareness about clean and sustainable farming is boosting the growth of the electric farm tractor market. Rise in fuel cost and active government measures to promote clean technologies are driving the demand for electric farm tractors. Majority of farms globally are subsistence farms and are owned by small farmers; the small farmers are adopting small electric farm tractors for low power demand applications. Furthermore, the trend of consolidation of small farms and their acquisition by commercial farm owners is boosting the need for tractors and is further expected to boost the sale of electric farm tractors. The electric motors have double the torque and as a result are capable of pulling heavier loads. The 60-HP tractor can conduct the work of the 120 Hp diesel tractor. Electric tractors are cost-effective and thus lower the operational cost of agriculture, maximizing the yield. Moreover, the added advantage of low-emission and low maintenance charges of electric farm tractors as opposed to conventional tractors is a major advantage of the electric farm tractor market.
Get Sample Copy:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67031
The electric farm tractor market can be classified according to power type, drive type, and region. By power type, the electric farm tractor market is classified into low & medium duty farm tractor and heavy duty electric farm tractor. The low & medium duty farm tractors hold major market share as electric powertrains are still used for low power application tractors. Advancement in electric vehicle technologies is anticipated to boost the development of high power tractors during the forecast period.
By drive type, the electric farm tractor market is segmented into hybrid/ plug-in hybrid electric farm tractor and electric farm tractor. Hybrid farm tractors hold a large market share. The tractors can be charged by water wheel, windmill, or solar panels. Hybrid tractors have thus gained market dominance due to the infrastructure. The electric farm tractor segment is poised to witness major expansion with incentives from governments to boost the sales of electric farm tractors.
By region, the electric farm tractor market is broadly classified across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Electric farm tractors are recording high sales in North America. Asia Pacific is a key region for farm tractors and has highest number of tractors. Asia Pacific thus holds a large potential for expansion as the demand shifts from conventional internal combustion engine powered tractors to electric tractors.
Key players operating in the global electric farm tractor market for are John Deere, Alke, Motivo Engineering, Simai, AGCO GmbH, and Mitsubishi Fuso.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Grab an exclusive PDF Brochure of this report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=67031
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Read TMR Research Methodology @:
https://www.transparencymarketresearch.com/methodology.html
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
Read Our Latest Press Release:
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
Contact
Transparency Market Research State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
