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Global All Wheel Drive (AWD) Tractor Market 2017-2021

Global All Wheel Drive (AWD) Tractor Market 2017-2021

About All-Wheel Drive (AWD) Tractor

The rapid growth of the agricultural sector is a significant factor that spurs the prospect for the growth of the global AWD tractor market. The rise in the wages of agricultural laborers is encouraging farmers to use modern methods of farming. Farmers have started using more and more farm equipment and tractors to be less dependent on manual labor. Growth in the participation of private players and various government initiatives in the agricultural sector and rise in the willingness to increase farm output have led to the growth of the sales of AWD tractors.

Technavio’s analysts forecast the global all-wheel drive tractor market to grow at a CAGR of 3.98% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global all-wheel drive tractor market for 2017-2021. To calculate the market size, the report considers the number of tractors sold in each region. In addition, the report discusses the major drivers that influence the growth of the global AWD tractor market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
Technavio's report, Global All-Wheel Drive Tractor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • John Deere
  • Massey Ferguson
  • Mahindra Tractors
  • Escorts Group
Other prominent vendors
  • New Holland
  • Kubota Tractors
  • Tractors and Farm Equipment (TAFE)
Market driver
  • High labor wages
  • For a full, detailed list, view our report
Market challenge
  • Intermediate layers curbing farmers' purchasing power
  • For a full, detailed list, view our report
Market trend
  • Increase in consolidation of fragmented land in Europe and Americas
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global All-Wheel Drive Tractor Market 2017-2021

Technavio recognizes the following companies as the key players in the global all-wheel drive tractor market: John Deere, Massey Ferguson, Mahindra Tractors and Escorts Group.

Other Prominent Vendors in the market are: New Holland, Kubota Tractors and Tractors and Farm Equipment (TAFE).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in consolidation of fragmented land in Europe and Americas. There has been a growing trend of consolidating the lands depending on their size in the Americas and Europe since the return from larger farms is much greater compared with smaller farms. Large companies, such as Farm and Ranch Supplies, Monsanto, and Archer-Daniels Midland, have started dominating the agricultural market.”

According to the report, one driver in the market is developing global agriculture industry. Increasing global population and advances made in the field of modern farming techniques are driving the global agricultural industry. Economies of the world are increasingly focusing on developing their agricultural output by increasing farm productivity. Global agribusiness and food industry was valued at approximately $5 trillion in 2015. Growing calorie demand for human consumption is estimated to drive the global agricultural industry approximately 65% by 2050.

Further, the report states that one challenge in the market is Intermediate layers curbing farmers' purchasing power. Middlemen connect the farmers to the sales outlets in the market. They form a standard distribution channel for selling farmers' agricultural produce. In India, middlemen dominate agricultural marketplaces. One important reason for this is the lack of infrastructure for farmers to store their produces and bargain for prices. For instance, middlemen buy cotton from farmers at a reduced rate of about 45% less than the actual price paid by the agricultural market yard maintained by the Indian government.

Companies Mentioned

John Deere, Massey Ferguson, Mahindra Tractors, Escorts Group, New Holland, Kubota Tractors and Tractors and Farm Equipment (TAFE).

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Segmentation of global AWD tractor market
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global AWD tractor market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by engine power
    • Global AWD tractor market by engine power
      • Table Global AWD tractor market by engine power 2016
      • Table Global AWD tractor market by engine power 2021 (% share)
      • Table Global AWD tractor market by engine power 2016-2021 (thousands of units)
    • Global AWD tractor market in low-powered engines segment
      • Table Global AWD tractor market in low-powered engines segment 2016-2021 (thousands of units)
      • Table Global AWD tractor market in low-powered engines segment by region 2016-2021 (thousands of units)
    • Global AWD tractor market in high-powered engines segment
      • Table Global AWD tractor market in high-powered engines segment 2016-2021 (thousands of units)
      • Table Global AWD tractor market in high-powered engines segment by region 2016-2021 (thousands of units)
  • Geographical segmentation
    • Global AWD tractor market by geography
      • Table Global AWD tractor market by geography 2016 (% share)
      • Table Global AWD tractor market by geography 2021 (% share)
    • AWD tractor market in Americas
      • Table AWD tractor market in Americas 2016-2021 (thousands of units)
      • Table Average farm size and number of farms in US 2011-2016
    • AWD tractor market in Europe
      • Table AWD tractor market in Europe 2016-2021 (thousands of units)
      • Table Sales of new tractors in European countries 2010-2015 (thousands of units)
      • Table Average farm size in European countries (acres)
    • AWD tractor market in APAC
      • Table AWD tractor market in APAC 2016-2021 (thousands of units)
      • Table AWD tractor market in APAC by countries 2016-2021 (thousands of units)
  • Key leading countries
    • Key leading countries in global AWD tractor market
      • Table Key leading countries in global AWD tractor market
  • Market drivers
    • High labor wages
      • Table Minimum wages in US states on hourly basis 2016
    • Developing global agriculture industry
    • Benefit of using AWD over 2WD
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Increase in tractor rental market
    • Intermediate layers curbing farmers' purchasing power
    • High price of AWD compared with 2WD
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in consolidation of fragmented land in Europe and Americas
    • Rising focus on less than 20 hp tractors and 50 hp-60 hp tractors in APAC
    • Growing participation of private players and government initiatives to promote sales of AWD tractors in emerging countries
  • Vendor landscape
    • Competitive scenario
    • Prominent vendors
  • Key vendor analysis
    • John Deere
      • Table John Deere: Business segmentation
      • Table John Deere: Recent developments
    • Massey Ferguson
      • Table Massey Ferguson: Product portfolio
      • Table Massey Ferguson: Recent developments
    • Mahindra Tractors
      • Table Mahindra Tractors: Recent developments
    • Escorts Group
      • Table Escorts Group: Business segmentation
      • Table Escorts Group: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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