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Europe Electric Farm Tractor Market

Publisher BlueWeave Consulting
Published Jul 26, 2023
Length 200 Pages
SKU # BLWC18132104

Description

Europe Electric Farm Tractor Market, By Type (Light & Medium-duty Tractor, Heavy-duty Tractor); By Power Source (Battery Operated, Solar Powered); By Application (Tillage, Seed Sowing, Harvesting); By Region (Germany, United Kingdom, Italy, France, Spain, Belgium, Russia, The Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Europe Electric Farm Tractor Market Size Set to Reach USD 67 Million During By 2029

Europe electric farm tractor market is flourishing due to increasing government regulations promoting sustainable agriculture, a spurring demand for eco-friendly farming practices, cost savings in fuel and maintenance, and technological advancements in electric vehicle technology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe electric farm tractor market size at USD 36.86 million in 2022. During the forecast period between 2023 and 2029, Europe electric farm tractor market size is to grow at a robust CAGR of 10.60% reaching a value of USD 66.84 million by 2029. Significant developments have emerged in the market for electric farm tractors in Europe in recent years. The adoption of electric farm tractors has been sparked by the increased emphasis on sustainable agricultural methods and the pressing need to minimize carbon emissions. Governments and agricultural organizations are promoting the use of electric tractors through incentives and subsidies, which is helping to expand the industry. The development of charging infrastructure and greater battery efficiency are two examples of technological developments that have significantly contributed to the market's expansion. Also, it is anticipated that the market for electric farm tractors in Europe will change as a result of the growing need for precision farming methods and the incorporation of innovative technologies like autonomous operation and data analytics in electric tractors.

Europe Electric Farm Tractor Market – Overview


The electric farm tractor is an innovative agricultural vehicle powered by electricity, designed to replace traditional diesel-powered tractors. It utilizes electric motors and advanced battery technology to provide clean and efficient operation. These tractors offer several advantages over their conventional counterparts, including reduced greenhouse gas emissions, lower operating costs, and quieter operation. They can be charged using renewable energy sources, further enhancing their environmental benefits. Electric farm tractors are equipped with the necessary capabilities to perform a wide range of farming tasks, such as plowing, tilling, planting, and harvesting. Their introduction represents a significant step towards sustainable and eco-friendly agriculture.

Impact of COVID-19 on Europe Electric Farm Tractor Market

The COVID-19 pandemic significantly impacted the Europe electric farm tractor market, causing disruptions and hindering its growth trajectory. The stringent lockdown measures and supply chain disruptions during the pandemic severely affected manufacturing activities, leading to delays in the production and distribution of electric farm tractors across the region. The economic downturn and uncertainties surrounding the pandemic also dampened the demand for agricultural machinery, including electric farm tractors, as farmers faced financial constraints and postponed investments. Despite the long-term potential of electric farm tractors in reducing emissions and enhancing sustainability, the pandemic-induced challenges have slowed down their adoption, presenting a setback to the market's progress in Europe.

Europe Electric Farm Tractor Market – By Type

On the basis of type, Europe electric farm tractor market is segmented into Light & Medium-duty Tractor and Heavy-duty Tractor. The light & medium-duty tractor type is a larger segment, due to its broader range of applications and suitability for various agricultural tasks. These tractors are generally used for smaller farms, orchards, and vineyards, where their maneuverability and versatility are advantageous. On the other hand, heavy-duty tractors are typically employed in larger-scale farming operations and may have a narrower market share in comparison.

Competitive Landscape

Europe Electric farm tractor market is fiercely competitive. Major companies in the market include AGCO, Case IH, New Holland Agriculture, John Deere, Kubota, Carraro, Arbos, Antonio Carraro, Deutz-Fahr, and Valtra. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe Electric Farm Tractor Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe Electric Farm Tractor Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Electric Farm Tractor Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Type Overview
1.3. Market Segmentation
2. Executive Summary
3. Europe Electric Farm Tractor Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand for electric tractors
3.2.1.2. Implementation of stringent emission norms
3.2.1.3. Growing demand for sustainable agriculture
3.2.2. Restraints
3.2.2.1. High initial costs
3.2.2.2. Limited model availability
3.2.3. Opportunities
3.2.3.1. Rising demand for recycled materials, such as lithium and cobalt, in battery manufacturing
3.2.3.2. Rise in government initiatives
3.2.4. Challenges
3.2.4.1. Growth of the rental market
3.2.4.2. Lack of standardization
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Europe Electric Farm Tractor Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
4.2.1. By Type
4.2.1.1. Light & Medium-duty Tractor
4.2.1.2. Heavy-duty Tractor
4.2.2. By Power Source
4.2.2.1. Battery Operated
4.2.2.2. Solar Powered
4.2.3. By Application
4.2.3.1. Tillage
4.2.3.2. Seed Sowing
4.2.3.3. Harvesting
4.2.3.4. Others
4.2.4. By Region
4.2.4.1. Germany
4.2.4.2. United Kingdom
4.2.4.3. Italy
4.2.4.4. France
4.2.4.5. Spain
4.2.4.6. Belgium
4.2.4.7. Russia
4.2.4.8. The Netherlands
4.2.4.9. Rest of Europe
5. Germany Electric Farm Tractor Market
5.1. Market Size & Forecast, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Type
5.2.2. By Power Source
5.2.3. By Application
5.2.4. By Technique
6. United Kingdom Electric Farm Tractor Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Power Source
6.2.3. By Application
7. Italy Electric Farm Tractor Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Power Source
7.2.3. By Application
8. France Electric Farm Tractor Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Power Source
8.2.3. By Application
9. Spain Electric Farm Tractor Market
9.1. Market Size & Forecast, 2019–2029
9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Power Source
9.2.3. By Application
10. Belgium Electric Farm Tractor Market
10.1. Market Size & Forecast, 2019–2029
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Power Source
10.2.3. By Application
11. Russia Electric Farm Tractor Market
11.1. Market Size & Forecast, 2019–2029
11.1.1. By Value (USD Million)
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Power Source
11.2.3. By Application
12. The Netherlands Electric Farm Tractor Market
12.1. Market Size & Forecast, 2019–2029
12.1.1. By Value (USD Million)
12.2. Market Share & Forecast
12.2.1. By Type
12.2.2. By Power Source
12.2.3. By Application
13. Rest of Europe Electric Farm Tractor Market
13.1. Market Size & Forecast, 2019–2029
13.1.1. By Value (USD Million)
13.2. Market Share & Forecast
13.2.1. By Type
13.2.2. By Power Source
13.2.3. By Application
14. Competitive Landscape
14.1. List of Key Players and Their Offerings
14.2. Europe Electric Farm Tractor Market Share Analysis, 2022
14.3. Competitive Benchmarking, By Operating Parameters
14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Covid-19 on Europe Electric Farm Tractor Market
16. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
16.1. AGCO
16.2. Case IH
16.3. New Holland Agriculture
16.4. John Deere
16.5. Kubota
16.6. Carraro
16.7. Arbos
16.8. Antonio Carraro
16.9. Deutz-Fahr
16.10. Valtra
16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
18.1. Qualitative Research
18.1.1. Primary & Secondary Research
18.2. Quantitative Research
18.3. Market Breakdown & Data Triangulation
18.3.1. Secondary Research
18.3.2. Primary Research
18.4. Breakdown of Primary Research Respondents, By Region
18.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Europe Electric Farm Tractor Market Segmentation
Figure 2 Europe Electric Farm Tractor Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Europe Electric Farm Tractor Market Size, By Value (USD Billion), 2019–2029
Figure 5 Europe Electric Farm Tractor Market Share, By Type, By Value, 2019–2029
Figure 7 Europe Electric Farm Tractor Market Share, By Power Source, By Value, 2019–2029
Figure 8 Europe Electric Farm Tractor Market Share, By Application, By Value, 2019–2029
Figure 10 Europe Electric Farm Tractor Market Share, By Country, By Value, 2019–2029
Figure 11 Germany Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 12 Germany Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 13 Germany Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 14 Germany Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 15 United Kingdom Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 16 United Kingdom Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 17 United Kingdom Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 18 United Kingdom Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 19 Italy Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 20 Italy Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 21 Italy Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 22 Italy Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 23 France Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 24 France Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 25 France Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 26 France Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 27 Spain Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 28 Spain Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 29 Spain Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 30 Spain Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 31 Belgium Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 32 Belgium Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 33 Belgium Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 34 Belgium Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 35 Russia Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 36 Russia Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 37 Russia Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 38 Russia Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 31 The Netherlands Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 32 The Netherlands Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 33 The Netherlands Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 34 The Netherlands Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 43 Rest of Europe Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 44 Rest of Europe Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 45 Rest of Europe Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 46 Rest of Europe Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
List of Tables
Table 1 Europe Electric Farm Tractor Market Size, By Type, By Value, 2019−2029
Table 2 Europe Electric Farm Tractor Market Size, By Power Source, By Value, 2019−2029
Table 3 Europe Electric Farm Tractor Market Size, By Application, By Value, 2019−2029
Table 4 Europe Electric Farm Tractor Market Size, By Country, By Value, 2019−2029
Table 5 Germany Electric Farm Tractor Market Size, By Type, By Value, 2019−2029
Table 6 Germany Electric Farm Tractor Market Size, By Power Source, By Value, 2019−2029
Table 7 Germany Electric Farm Tractor Market Size, By Application, By Value, 2019−2029
Table 8 United Kingdom Electric Farm Tractor Market Size, By Type, By Value, 2019−2029
Table 9 United Kingdom Electric Farm Tractor Market Size, By Power Source, By Value, 2019−2029
Table 10 United Kingdom Electric Farm Tractor Market Size, By Application, By Value, 2019−2029
Table 11 Italy Electric Farm Tractor Market Size, By Type, By Value, 2019−2029
Table 12 Italy Electric Farm Tractor Market Size, By Power Source, By Value, 2019−2029
Table 13 Italy Electric Farm Tractor Market Size, By Application, By Value, 2019−2029
Table 14 France Electric Farm Tractor Market Size, By Type, By Value, 2019−2029
Table 15 France Electric Farm Tractor Market Size, By Power Source, By Value, 2019−2029
Table 16 France Electric Farm Tractor Market Size, By Application, By Value, 2019−2029
Table 17 Spain Electric Farm Tractor Market Size, By Type, By Value, 2019−2029
Table 18 Spain Electric Farm Tractor Market Size, By Power Source, By Value, 2019−2029
Table 19 Spain Electric Farm Tractor Market Size, By Application, By Value, 2019−2029
Figure 31 Belgium Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 32 Belgium Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 33 Belgium Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 34 Belgium Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 35 Russia Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 36 Russia Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 37 Russia Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 38 Russia Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 31 The Netherlands Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 32 The Netherlands Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 33 The Netherlands Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 34 The Netherlands Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Figure 35 Rest of Europe Electric Farm Tractor Market Size, By Value (USD Billion), 2019−2029
Figure 36 Rest of Europe Electric Farm Tractor Market Share, By Type, By Value, 2019−2029
Figure 37 Rest of Europe Electric Farm Tractor Market Share, By Power Source, By Value, 2019−2029
Figure 38 Rest of Europe Electric Farm Tractor Market Share, By Application, By Value, 2019−2029
Table 39 AGCO Company Overview
Table 40 AGCO Financial Overview
Table 41 Case IH Company Overview
Table 42 Case IH Financial Overview
Table 43 New Holland Agriculture Company Overview
Table 44 New Holland Agriculture Financial Overview
Table 45 John Deere Company Overview
Table 46 John Deere Financial Overview
Table 47 Kubota Company Overview
Table 48 Kubota Financial Overview
Table 49 Carraro Company Overview
Table 50 Carraro Financial Overview
Table 51 Arbos Company Overview
Table 52 Arbos Financial Overview
Table 53 Antonio Carraro Company Overview
Table 54 Antonio Carraro Financial Overview
Table 55 Deutz-Fahr Company Overview
Table 56 Deutz-Fahr Financial Overview
Table 57 Valtra Company Overview
Table 58 Valtra Financial Overview

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