4WD 트랙터 시장 : 유형별, 운전 모드별, 추진력별, 용도별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global 4WD Tractor Market is accounted for $144.3 billion in 2023 and is expected to reach $208.6 billion by 2030 growing at a CAGR of 5.4% during the forecast period. A four-wheel-drive axle that distributes power to all four wheels is included with the four-wheel-drive (4WD) tractor. The tractor can work on any kind of terrain and in any type of soil, thanks to this mechanism. 4WD tractors have all four wheels powered, which increases speed, reduces sliding, and improves performance. The tractor's front end is unable to raise or rise, while the rear axle is under a lot of strain because of the same weight distribution on the front and rear axles. They are also used in a variety of agricultural applications, such as harvesting, straw reaping, puddling, and material handling.

Market Dynamics:

Driver:

Increased demand for agricultural goods

In developing and developed nations where agriculture is substantial to their respective economies, the adoption rate of agricultural equipment is noticeably high, which in turn accelerates the rate of harvesting. Additionally, a growing population drives up demand for agricultural goods, which subsequently drives up demand for potent tractors with 4WD. In order to increase productivity in agriculture, farmers currently need larger, more powerful tractors for heavy applications. Therefore, it is predicted that during the forecast period, demand for 4WD tractors will increase.

Restraint:

Operational expenses

Farmers and agricultural businesses need to take into consideration a variety of recurring charges when assessing their operational costs in the 4WD tractor market. Fuel use is one of the main costs of operation. Compared to their 2WD predecessors, 4WD tractors typically have larger engines and higher fuel needs. 4WD tractors require routine maintenance and sporadic repairs because of their complex mechanical systems and heavy-duty operations. As a result, especially for farmers who extensively rely on these tractors for various chores throughout the year, the cost of fuel might represent an important part of the overall operational budget. Operational expenses may also be impacted by the need for specialty tools and attachments such as ploughs, harrows, and planters.

Opportunity:

Application growth in the mining and construction sectors

Tractors are extensively used in the mining and construction industries, in addition to farming, to deliver heavy loads. The market is expanding quickly as a result of rising infrastructure, construction, and mining operations. This is due to the fact that the mining and construction industries need a broad variety of machinery to carry out multiple tasks such as ground preparation, excavation, hauling material, dumping or laying in a particular way, and others. The demand for 4WD tractors will continue to be driven by the rise in demand for high-performance tractors and accessories during the projected period.

Threat:

Economic downturns

Income declines for farmers are one of the main effects of economic downturns. Reduced demand for agricultural products, falling crop prices, and restricted financing markets can all result in lower farm incomes. Farmers may therefore decide to postpone or cancel their plans to buy new machinery, such as 4WD tractors, as a result of their limited financial capacity. When economic prospects are uncertain, farmers may become more risk-averse and reluctant to make substantial capital investments. Due to farmers' potential preference for immediate cost reductions over long-term productivity rises, this cautious approach may result in a decrease in demand for high-value agricultural equipment like 4WD tractors.

COVID-19 Impact

The agriculture industry has already experienced a substantial drop in business during the COVID-19 outbreak, with the tractor dealership network potentially being the most negatively impacted industry. The COVID-19 pandemic containment lockdowns have had a substantial impact on consumer demand attitudes across all consumer industries and are expected to cause a significant contraction in the agriculture sector.

The farm segment is expected to be the largest during the forecast period

The farm segment is estimated to hold the largest share. It encompasses both large commercial farms that cover thousands of acres and simple family farms with a small number of acres. The choice of 4WD tractors can often be affected by the size of the business; larger farms necessitate higher-horsepower tractors to effectively manage large fields and chores. Crops grown on farms include specialty crops like fruits, vegetables, and nuts, as well as essentials like corn, soybeans, wheat, and rice. The adaptability and versatility of 4WD tractors, which enable farmers to switch between different tools and duties, make them ideal for a variety of crop varieties.

The autonomous segment is expected to have the highest CAGR during the forecast period

The autonomous segment is anticipated to have lucrative growth during the forecast period. The modern technologies that autonomous 4WD tractors are fitted with, such as GPS, sensors, cameras, and software, allow them to carry out a variety of activities on their own. These activities could involve farming, harvesting, and even hauling crops and machinery. Labour savings are one of the main benefits of autonomous tractors. These tractors may significantly reduce the demand for physical labour on farms because they can operate nonstop throughout the day. This is especially useful for regions in which there is a labour shortage. The continuous operation of autonomous tractors enables farmers to cover more ground in less time.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period India and China are two of the largest and most populous agricultural countries in the world, and the Asia-Pacific area is their home. To meet the rising demand for food and agricultural products, these nations' sizable agricultural sectors need modern, effective farming equipment, especially 4WD tractors. As a result of the need to boost agricultural output and mechanisation, the Asia-Pacific region represents an important market for 4WD tractors.

Region with highest CAGR:

Europe is expected to witness profitable growth over the projection period. There are vast farmlands in North America, particularly in the Midwest region of the United States, or the "Corn Belt." Large fields of maize and soybeans are typical of this area, necessitating powerful and versatile tractors like 4WD models for effective cultivation, planting, and harvesting. Particularly in the United States, the region is governed by strict environmental restrictions that are overseen by organisations like the Environmental Protection Agency (EPA). As a result of these laws, 4WD tractors that are cleaner and more efficient are introduced by tractor manufacturers, who have a responsibility to create environmentally friendly models that meet emission criteria.

Key players in the market:

Some of the key players in the 4WD Tractor Market include: Challenger, Claas, New Holland, John Deere, Mahindra, Kioti, Kubota, Allis-Gleaner Corporation, Case IH, Joseph Cyril Bramford, Escorts, Swaraj, Massey Ferguson, Armatrac, International Harvester, McCormik, Yanmar and Argo Tractors S.p.A.

Key Developments:

In June 2023, EGO and a leading global player in the Outdoor Power Equipment (OPE) and Power Tool industry announced a strategic agreement with John Deere, a global leader in innovative and powerful turf equipment. The agreement will allow the brands to provide users with EGO battery-powered lawn care solutions through John Deere dealers.

In Aug 2023, Mahindra launches new Scorpio N-based pickup SUV concept. The new pickup vehicle will have a four-wheel drive system with electric shift, terrain-based mode selection, immersive audio experience, 5G connectivity, semi-automatic parking assist, sunroof, and other features.

Types Covered:

• Below 100 Engine Horsepower
• 100-470 Engine Horsepower
• Above 470 Engine Horsepower

Mode Of Operations Covered:

• Manual
• Autonomous

Propulsions Covered:

• Hybrid Electric
• Diesel

Applications Covered:

• Mining Industry
• Construction
• Farm
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global 4WD Tractor Market, By Type

• 5.1 Introduction
• 5.2 Below 100 Engine Horsepower
• 5.3 100-470 Engine Horsepower
• 5.4 Above 470 Engine Horsepower

6 Global 4WD Tractor Market, By Mode Of Operation

• 6.1 Introduction
• 6.2 Manual
• 6.3 Autonomous

7 Global 4WD Tractor Market, By Propulsion

• 7.1 Introduction
• 7.2 Hybrid Electric
• 7.3 Diesel

8 Global 4WD Tractor Market, By Application

• 8.1 Introduction
• 8.2 Mining Industry
• 8.3 Construction
• 8.4 Farm
• 8.5 Other Applications

9 Global 4WD Tractor Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Challenger
• 11.2 Claas
• 11.3 New Holland
• 11.4 John Deere
• 11.5 Mahindra
• 11.6 Kioti
• 11.7 Kubota
• 11.8 Allis-Gleaner Corporation
• 11.9 Case IH
• 11.10 Joseph Cyril Bramford
• 11.11 Escorts
• 11.12 Swaraj
• 11.13 Massey Ferguson
• 11.14 Armatrac
• 11.15 International Harvester
• 11.16 McCormik
• 11.17 Yanmar
• 11.18 Argo Tractors S.p.A