Report Code: CMI19997

Published Date: October 2022

Pages: 220+

Category: Ice, Electric, Hybrid, Autonomous Vehicles

Report Snapshot

CAGR: 13%
118M
2021
132M
2022
250M
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Alke
  • Deere & Company
  • Cummins Inc.
  • Escorts Limited
  • Others

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Reports Description

The rising government initiatives for adopting electric tractors are boosting the market’s growth.

According to Custom Market Insights (CMI), The Global Electric Tractor Market size was estimated at USD 118 Million in 2021 and is expected to reach USD 132 million in 2022 and is expected to hit around USD 250 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 13% from 2022 to 2030. 

The report examines the Electric Tractor market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Electric Tractor market.

Electric Tractor Market: Overview

The newest generation of tractors created by agricultural equipment manufacturers is electric farm tractors. Batteries power electric farm tractors as opposed to traditional diesel-powered tractors. These tractors offer numerous benefits over conventional tractors, including increased efficiency and production in the agricultural sector.

The market for electric tractors is still in its infancy. However, electric vehicle technology is undergoing increased research and development, which is anticipated to extend the battery life supplied by these tractors and hence boost efficiency.

Electric Tractor Market: COVID–19 Impact Analysis

The COVID-19 standard has had a considerable impact on the Electric Tractor market. Both production and COVID-19 have had a significant effect on the Electric Tractor market. New Electric Tractor production and sales were halted globally as the entire ecosystem was overturned. OEMs’ businesses suffered since they had to wait for the lockdowns to be released before they could begin production. The demand for new Electric Tractors is anticipated to increase as economies gradually recover from the pandemic. However, a recent COVID-19 outbreak brought on by new strains could obstruct recovery in some areas. As a result, depending on the COVID-19 scenario, makers of Electric Tractors would have to alter manufacturing levels between nations.

Component production was also stopped during the COVID-19 epidemic because small Tier II and Tier III manufacturers were cash-strapped. As a result, production stopped during the epidemic, followed by a demand decline. This could have a significant effect on Electric Tractor firms. In addition, the second wave in India also impacted auto sales, which slowed the expansion of the Electric Tractor sector.

Electric Tractor Market: Growth Drivers

Government initiatives

Governments from many nations have pushed for using electric farm tractors and other agricultural equipment. As a result, traditional agricultural practices have given way to a more contemporary method. For instance, the Indian government is promoting electric-powered farm tractors by offering subsidies on agricultural electric tractors, which is projected to improve the electric tractors market. This is being done to increase the level of green mechanization. As a result, the government program should offer plenty of prospects for the need for electric farm tractors to expand.

Reduced fuel costs and carbon emissions

Electric farm tractors are becoming more popular as consumers realize the advantages of lower fuel costs, reduced carbon emissions, and increased energy efficiency. Moreover, the use of electric farm tractors is expanding rapidly to ensure the vehicle’s dependability. Other crucial factors predicted to fuel market growth include the introduction of cutting-edge technologies and the increasing use of these technologies in the automotive sector.

Global Electric Tractor Market 2023–2032 (By Battery Type)

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Electric Tractor Market: Segmentation Analysis

In our research scope, the Global Electric Tractor market is segmented into battery type, drivetrain technology, and application. Based on drivetrain technology, the hybrid electric tractors segment is estimated to witness a high CAGR during 2022-2030. Hybrid vehicles, which operate on fuel and battery, are a great starting point for future growth in the market for electric tractors. Solar panels, windmills, or water wheels can all be used to power the tractors. Due to the infrastructure, hybrid tractors now dominate the market.

The market is classified into light-duty tractors, medium-duty tractors, and heavy-duty tractors based on application. The demand for light-duty vehicles is expected to lead the market for electric tractors on a global scale, followed by the need for medium-duty vehicles. Light-duty tractors are preferred by farmers because they have superior battery performance due to their reduced curb weight, which is one of the factors contributing to their popularity.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 118 Million
Projected Market Size in 2030 USD 250 Million
Market Size in 2022 USD 132 Million
CAGR Growth Rate 13% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players Alke, Deere & Company, Cummins Inc., Escorts Limited, Fendt, Motivo Engineering, Kubota Corporation, Solectrac Inc., Sonalika, Yanmar Holdings Co. Ltd., Monarch Tractor, AutoNxt Automation Pvt. Ltd., Celestial, EcoFactor, Ztractor, and Others
Key Segment By Battery Type, Drivetrain Technology, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Electric Tractor market is estimated to grow annually at a CAGR of around 13% over the forecast period (2022-2030).
  • In terms of revenue, the Electric Tractor market size was valued at around USD 118 million in 2021 and is projected to reach USD 250 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • The Electric Tractor market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
  • The study includes data on the significant market drivers, challenges, and opportunities and their effects.
  • The study elaborates on the SWOT analysis and Porter’s Five Forces model.
  • The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.

Global Electric Tractor Market 2023–2032 (By Million)

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 Recent Development

  • April 2022: GUSS Automation and John Deere formed a joint venture in Kingsburg, California. The first semi-autonomous orchard and vineyard sprayers were developed by GUSS (Global Unmanned Spray System).
  • March 2022: Solectrac announced a certified dealer in the Pacific Northwest to support and service customers. As part of its statewide strategy, Solectrac, a producer of electric tractors and an operating subsidiary of Ideanomics, announced the installation of a new certified dealer in the Pacific Northwest.

Regional Landscape

The Asia-Pacific region is expected to notice a high CAGR in the global market for electric tractors due to the quickly rising demand for tractors in China and India. The area holds a leading position in the market from a geographic standpoint, which reflects this. The agricultural industry is a crucial component of the Indian economy. Tractors are, therefore, necessary for accomplishing large-scale operations. The need for electric tractors has also increased significantly in the region, which is being carried out to boost the field’s total production.

Competitive Landscape

The market for Electric Tractors is in the infancy stage. To retain their market position, these businesses employ strategies such as new product developments, partnerships, contracts, and agreements. Some of the results related to new product launches are:

2021: John Deere introduced a new material collection system and a mechanical grapple to its lineup of frontier equipment for compact utility tractors. The new Frontier MC2014 and MC2120 PTO-driven material collection systems for John Deere 1, 2SC, 2LC, and 3R compact utility tractors have a 14- and 20-bushel capacity, respectively. In addition, with John Deere 120R, 220R, and 300E loaders, the new Frontier MG20F mechanical grapple is compatible.

2021: The HARVEST e-tractor was introduced by Motivo Engineering. It draws power from different electrical systems, solar panels, and windmills. One HARVEST unit may power a home, convey goods to the market, and plow a field on the same day.

Global Electric Tractor Market 2023–2032 (By Application)

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Prominent Players:

  • Alke
  • Deere & Company
  • Cummins Inc.
  • Escorts Limited
  • Fendt
  • Motivo Engineering
  • Kubota Corporation
  • Solectrac Inc.
  • Sonalika
  • Yanmar Holdings Co. Ltd.
  • Monarch Tractor
  • AutoNxt Automation Pvt. Ltd.
  • Celestial
  • EcoFactor
  • Ztractor

The global Electric Tractor market is segmented as follows:

By Battery Type

  • Lead-Acid Battery
  • Lithium-Ion Battery
  • Others

By Drivetrain Technology

  • Battery Electric Tractor
  • Hybrid Electric Tractor
  • Plug-in Hybrid Electric Tractor

By Application

  • Heavy-Duty Tractor
  • Medium-Duty Tractor
  • Light-Duty Tractor

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Electric Tractor Market, (2022 – 2021) (USD Billion)
    • 2.2 Global Electric Tractor Market : snapshot
  • Chapter 3. Global Electric Tractor Market – Industry Analysis
    • 3.1 Electric Tractor Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Government initiatives
      • 3.2.2 Reduced fuel costs and carbon emissions
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Battery Type
      • 3.7.2 Market attractiveness analysis By Drivetrain Technology
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Electric Tractor Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Electric Tractor Market: company market share, 2030
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Electric Tractor Market – Battery Type Analysis
    • 5.1 Global Electric Tractor Market overview: By Battery Type
      • 5.1.1 Global Electric Tractor Market share, By Battery Type, 2030 and 2021
    • 5.2 Lead-Acid Battery
      • 5.2.1 Global Electric Tractor Market by Lead-Acid Battery, 2022 – 2021 (USD Billion)
    • 5.3 Lithium-Ion Battery
      • 5.3.1 Global Electric Tractor Market by Lithium-Ion Battery, 2022 – 2021 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Electric Tractor Market by Others, 2022 – 2021 (USD Billion)
  • Chapter 6. Global Electric Tractor Market – Drivetrain Technology Analysis
    • 6.1 Global Electric Tractor Market overview: By Drivetrain Technology
      • 6.1.1 Global Electric Tractor Market share, By Drivetrain Technology, 2030 and 2021
    • 6.2 Battery Electric Tractor
      • 6.2.1 Global Electric Tractor Market by Battery Electric Tractor, 2022 – 2021 (USD Billion)
    • 6.3 Hybrid Electric Tractor
      • 6.3.1 Global Electric Tractor Market by Hybrid Electric Tractor, 2022 – 2021 (USD Billion)
    • 6.4 Hybrid Electric TractorPlug-in Hybrid Electric Tractor
      • 6.4.1 Global Electric Tractor Market by Hybrid Electric TractorPlug-in Hybrid Electric Tractor, 2022 – 2021 (USD Billion)
  • Chapter 7. Global Electric Tractor Market – Application Analysis
    • 7.1 Global Electric Tractor Market overview: By Application
      • 7.1.1 Global Electric Tractor Market share, By Application, 2030 and 2021
    • 7.2 Heavy-Duty Tractor
      • 7.2.1 Global Electric Tractor Market by Heavy-Duty Tractor, 2022 – 2021 (USD Billion)
    • 7.3 Medium-Duty Tractor
      • 7.3.1 Global Electric Tractor Market by Medium-Duty Tractor, 2022 – 2021 (USD Billion)
    • 7.4 Light-Duty Tractor
      • 7.4.1 Global Electric Tractor Market by Light-Duty Tractor, 2022 – 2021 (USD Billion)
  • Chapter 8. Electric Tractor Industry – Regional Analysis
    • 8.1 Global Electric Tractor Industry Regional Overview
    • 8.2 Global Electric Tractor Industry Share, by Region, 2030 & 2021 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Electric Tractor Industry, 2022 – 2021 (USD Billion)
        • 8.3.1.1 North America Electric Tractor Industry, by Country, 2022 – 2021 (USD Billion)
    • 8.4 North America Electric Tractor Industry, by Battery Type, 2022 – 2021
      • 8.4.1 North America Electric Tractor Industry, by Battery Type, 2022 – 2021 (USD Billion)
    • 8.5 North America Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021
      • 8.5.1 North America Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021 (USD Billion)
    • 8.6 North America Electric Tractor Industry, by Application, 2022 – 2021
      • 8.6.1 North America Electric Tractor Industry, by Application, 2022 – 2021 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Electric Tractor Industry, 2022 – 2021 (USD Billion)
        • 8.7.1.1 Europe Electric Tractor Industry, by Country, 2022 – 2021 (USD Billion)
    • 8.8 Europe Electric Tractor Industry, by Battery Type, 2022 – 2021
      • 8.8.1 Europe Electric Tractor Industry, by Battery Type, 2022 – 2021 (USD Billion)
    • 8.9 Europe Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021
      • 8.9.1 Europe Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021 (USD Billion)
    • 8.10 Europe Electric Tractor Industry, by Application, 2022 – 2021
      • 8.10.1 Europe Electric Tractor Industry, by Application, 2022 – 2021 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Electric Tractor Industry, 2022 – 2021 (USD Billion)
        • 8.11.1.1 Asia Pacific Electric Tractor Industry, by Country, 2022 – 2021 (USD Billion)
    • 8.12 Asia Pacific Electric Tractor Industry, by Battery Type, 2022 – 2021
      • 8.12.1 Asia Pacific Electric Tractor Industry, by Battery Type, 2022 – 2021 (USD Billion)
    • 8.13 Asia Pacific Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021
      • 8.13.1 Asia Pacific Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021 (USD Billion)
    • 8.14 Asia Pacific Electric Tractor Industry, by Application, 2022 – 2021
      • 8.14.1 Asia Pacific Electric Tractor Industry, by Application, 2022 – 2021 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Electric Tractor Industry, 2022 – 2021 (USD Billion)
        • 8.15.1.1 Latin America Electric Tractor Industry, by Country, 2022 – 2021 (USD Billion)
    • 8.16 Latin America Electric Tractor Industry, by Battery Type, 2022 – 2021
      • 8.16.1 Latin America Electric Tractor Industry, by Battery Type, 2022 – 2021 (USD Billion)
    • 8.17 Latin America Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021
      • 8.17.1 Latin America Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021 (USD Billion)
    • 8.18 Latin America Electric Tractor Industry, by Application, 2022 – 2021
      • 8.18.1 Latin America Electric Tractor Industry, by Application, 2022 – 2021 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Electric Tractor Industry, 2022 – 2021 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Electric Tractor Industry, by Country, 2022 – 2021 (USD Billion)
    • 8.20 The Middle-East and Africa Electric Tractor Industry, by Battery Type, 2022 – 2021
      • 8.20.1 The Middle-East and Africa Electric Tractor Industry, by Battery Type, 2022 – 2021 (USD Billion)
    • 8.21 The Middle-East and Africa Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021
      • 8.21.1 The Middle-East and Africa Electric Tractor Industry, by Drivetrain Technology, 2022 – 2021 (USD Billion)
    • 8.22 The Middle-East and Africa Electric Tractor Industry, by Application, 2022 – 2021
      • 8.22.1 The Middle-East and Africa Electric Tractor Industry, by Application, 2022 – 2021 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Alke
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Deere & Company
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Cummins Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Escorts Limited
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Fendt
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Motivo Engineering
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Kubota Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Solectrac Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Sonalika
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Yanmar Holdings Co. Ltd.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Monarch Tractor
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 AutoNxt Automation Pvt. Ltd.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Celestial
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 EcoFactor
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Ztractor
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments

List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Alke
  • Deere & Company
  • Cummins Inc.
  • Escorts Limited
  • Fendt
  • Motivo Engineering
  • Kubota Corporation
  • Solectrac Inc.
  • Sonalika
  • Yanmar Holdings Co. Ltd.
  • Monarch Tractor
  • AutoNxt Automation Pvt. Ltd.
  • Celestial
  • EcoFactor
  • Ztractor
  • Others

FAQs

“North America” region will lead the global Electric Tractor market during the forecast period 2022 to 2030.

The key factors driving are Government initiatives, Reduced fuel costs and carbon emissions

The key players operating in the Electric Tractor market are Alke, Deere & Company, Cummins Inc., Escorts Limited, Fendt, Motivo Engineering, Kubota Corporation, Solectrac Inc., Sonalika, Yanmar Holdings Co. Ltd., Monarch Tractor, AutoNxt Automation Pvt. Ltd., Celestial, EcoFactor, Ztractor.

The global Electric Tractor market is expanding growth with a CAGR of approximately 13% during the forecast period (2022 to 2030).

The global Electric Tractor market size was valued at USD 118 Million in 2021 and it is projected to reach around USD 250 Million by 2030.

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