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グローバル自律型トラクター市場ー業界洞察、主要プレーヤー・企業別、成長機会別、最新傾向別、開発別、主要な成長ドライバー別、主要な課題別によってセグメンテーション、予測


[ 英語タイトル ] Global Autonomous Tractors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)


Product Code : MDAG00113272
Survey : Mordor Intelligence
Publish On : May, 2021
Category : Agriculture and Allied Activities
Report format : PDF
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Global

[Report Description]

The Global Autonomous Tractor Market is projected to register a CAGR of 5.8% during the forecast period (2021-2026). During Covid19, the sector has seen a sharp dip in the tractor business and the most affected business could be the dealership network due to the disruption supply chain also manufacturing units were not 100 % active. Due to the travel restrictions, production is delayed, and supply is being interrupted this had resulted in a sharp decrease in sales of tractor business during 2019-2020. Due to decreasing agricultural labor, the prices of farm labor are rising. Farmers are increasingly adopting agricultural mechanization as a substitute for manual labor with a more cost-effective, easily available, and more efficient means of agricultural operation. Tractors being the primary source of power for driving agricultural machinery. The Asia Pacific is considered the fastest growing market because the companies located in the Asia Pacific are launching new autonomous tractors in the market and thereby dominating the market with faster innovations and product launches.

Key Market Trends

Increasing Cost Of Farm Labor

Due to decreasing agricultural labor, the prices of farm labor are rising. The cost of farm labor has a direct relationship with the percentage of the total population of a country employed in agriculture, considering simple demand-supply economics, thereby affecting the global agricultural tractors market. On average, developing economies have larger percentages of the population dependent on agriculture. However, the percentages have decreased over time as a large number of people are migrating to the urban area every year. According to the World Bank Report, the world's rural population has declined from 67% in 1960 to 45% in 2017. According to the Indian Council of Food and Agriculture, the percentage of agriculture workers in India is estimated to decline by 25.7% in 2050.

North America Dominates the Global Autonomous Tractors Market

North America is expected to account for the largest share of the market in 2019. The higher disposable incomes of farmers, lack of trained farm labor, and well-developed technology are the primary reasons for the future expansion of the North American autonomous tractors market. In North America, being a developed region, the sizes of farms are usually large, and customer loyalty is high. Demand for high-powered tractors in the US is starting to gain traction. The US is the largest market for autonomous tractors in the North American region.

Competitive Landscape

The global autonomous tractor market is consolidated with 5 major players. The major players in this market are into innovation and launching new products globally. Since the inception of the market is very recent, it is considered to be a consolidated market with a few players holding the majority of the shares in the market. The market is dominated by CNH, Mahindra & Mahindra, John Deere, Kubota Corporation and Autonomous Tractor Corporation.These companies have a strong distribution network at the global level. The key strategies adopted by these companies to sustain their market position are new product development and acquisitions.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Horse Power
5.1.1 Upto 30 HP
5.1.2 31 HP to 100 HP
5.1.3 Above 100 HP
5.2 Automation
5.2.1 Fully Automated
5.2.2 Semi-Automated
5.3 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 Spain
5.3.2.4 France
5.3.2.5 Russia
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Africa

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 AGCO
6.3.2 John Deere
6.3.3 Mahindra and Mahindra Ltd
6.3.4 Autonomous Tractor Corporation
6.3.5 CNH Industrial
6.3.6 Kubota Corporation
6.3.7 Dutch Power Company
6.3.8 Yanmar Co., Ltd.
6.3.9 Trimble Inc.
6.3.10 Kinze Manufacturing, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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