- January 18, 2021
- Category: Automotive, Logistics and Transportation, Passenger and Commercial Vehicle
Global Autonomous Tractors Market Size study, by Horse Power (Upto 30 HP 31 HP to 100 HP, Above 100 HP), by Automation (Fully Automated, Semi-Automated), and Regional Forecasts 2020-2027
Chapter 1.Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion) 1.2.1. Autonomous Tractors Market , by Region, 2019-2027 (USD Billion) 1.2.2. Autonomous Tractors Market , by Horse Power, 2019-2027 (USD Billion) 1.2.3. Autonomous Tractors Market , by Automation, 2019-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Autonomous Tractors Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Autonomous Tractors Market Dynamics 3.1. Autonomous Tractors Market Impact Analysis (2019-2027) 3.1.1. Market Drivers 188.8.131.52. Growth in Trend of Mechanization in the Agricultural Industry 184.108.40.206. Increase in Average Age of Farmers in Developed Countries 3.1.2. Market Restraint 220.127.116.11. High Initial Capital Investment 3.1.3. Market Opportunities 18.104.22.168. Integration of Smartphones With Agricultural Hardware and Software Applications for Autonomous Tractors Chapter 4. Global Autonomous Tractors Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Autonomous Tractors Market , by Horse Power 5.1. Market Snapshot 5.2. Global Autonomous Tractors Market by Horse Power, Performance - Potential Analysis 5.3. Global Autonomous Tractors Market Estimates & Forecasts by Horse Power 2018-2027 (USD Billion) 5.4. Autonomous Tractors Market , Sub Segment Analysis 5.4.1. Upto 30 HP 5.4.2. 31 HP to 100 HP 5.4.3. Above 100 HP Chapter 6. Global Autonomous Tractors Market , by Automation 6.1. Market Snapshot 6.2. Global Autonomous Tractors Market by Automation, Performance - Potential Analysis 6.3. Global Autonomous Tractors Market Estimates & Forecasts by Automation 2018-2027 (USD Billion) 6.4. Autonomous Tractors Market , Sub Segment Analysis 6.4.1. Fully Automated 6.4.2. Semi-Automated Chapter 7. Global Autonomous Tractors Market , Regional Analysis 7.1. Autonomous Tractors Market , Regional Market Snapshot 7.2. North America Autonomous Tractors Market 7.2.1. U.S. Autonomous Tractors Market 22.214.171.124. Horse Power breakdown estimates & forecasts, 2018-2027 126.96.36.199. Automation breakdown estimates & forecasts, 2018-2027 7.2.2. Canada Autonomous Tractors Market 7.3. Europe Autonomous Tractors Market Snapshot 7.3.1. U.K. Autonomous Tractors Market 7.3.2. Germany Autonomous Tractors Market 7.3.3. France Autonomous Tractors Market 7.3.4. Spain Autonomous Tractors Market 7.3.5. Italy Autonomous Tractors Market 7.3.6. Rest of Europe Autonomous Tractors Market 7.4. Asia-Pacific Autonomous Tractors Market Snapshot 7.4.1. China Autonomous Tractors Market 7.4.2. India Autonomous Tractors Market 7.4.3. Japan Autonomous Tractors Market 7.4.4. Australia Autonomous Tractors Market 7.4.5. South Korea Autonomous Tractors Market 7.4.6. Rest of Asia Pacific Autonomous Tractors Market 7.5. Latin America Autonomous Tractors Market Snapshot 7.5.1. Brazil Autonomous Tractors Market 7.5.2. Mexico Autonomous Tractors Market 7.6. Rest of The World Autonomous Tractors Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. Mahindra and Mahindra Ltd 188.8.131.52. Key Information 184.108.40.206. Overview 220.127.116.11. Financial (Subject to Data Availability) 18.104.22.168. Product Summary 22.214.171.124. Recent Developments 8.2.2. Autonomous Tractor Corporation 8.2.3. AGCO 8.2.4. CNH Industrial 8.2.5. Kubota Corporation 8.2.6. Dutch Power Company 8.2.7. John Deere 8.2.8. Yanmar Co., Ltd. 8.2.9. Trimble Inc. 8.2.10. Kinze Manufacturing, Inc. Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Autonomous Tractors Market is valued at approximately USD 1.53 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 24 % over the forecast period 2020-2027. Farmers in countries such as the United States and Australia face labour shortages, and the average age of these farmers is rising, increasing the need for autonomous tractors in these areas. In addition, industry leaders are implementing innovative tactics in order to fuel market demand. For example, in India, a start-up called AutoNxt built the Hulk, an autonomous electric tractor that addresses the country’s growing shortage of qualified labour. Such advances are expected to significantly boost the demand for self-driving tractors. Furthermore, the cost of farm labour has a direct relationship with the proportion of a country’s total population working in agriculture, impacting the global agricultural tractors industry. Agriculture employs a higher proportion of the workforce of developed countries on average. However, when a substantial number of people migrate to the city every year, the numbers have fallen over time. For instance, according to a World Bank study, the world’s rural population has decreased from 67 percent in 1960 to 45 percent in 2017. Similarly, according to the Indian Council of Food and Agriculture, India’s agriculture workforce is expected to shrink by 25.7 percent by 2050, which will fuel the market growth. However, Lack of Technical Knowledge Among Farmers may impede market growth over the forecast period of 2020-2027.
The regional analysis of the global Autonomous Tractors Market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America, and Rest of the World. North America is projected to have the majority share of the market. Farmers’ higher disposable incomes, a shortage of skilled farm workers, and well-developed technology are the main drivers of the autonomous tractors market’s potential growth in North America. As a developing country, North America’s farms are typically massive, and consumer loyalty is high. In the United States, there is a growing need for high-powered tractors. In the North American region, the United States is the largest market for autonomous tractors.
Major market player included in this report are:
Mahindra and Mahindra Ltd
Autonomous Tractor Corporation
Dutch Power Company
Yanmar Co., Ltd.
Kinze Manufacturing, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Horse Power:
Upto 30 HP
31 HP to 100 HP
Above 100 HP
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.
Target Audience of the Global Autonomous Tractors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers