The Global Electric Farm Tractor Market is Estimated to Reach $234.0 Million in 2028

Wednesday 14 June 2023, Amsterdam

The global electric farm tractor market is estimated to reach $234.0 million in 2028, reveals the premium market intelligence study by the keyplayer. The study also highlights that the market is set to witness a CAGR of 14.06% during the forecast period 2023-2028.

The global electric farm tractor market has huge potential, and it is also positively impacted by a positive outlook toward digitization. However, the market currently needs inter-organizational collaboration as well as involving farmers in the development process so that products and solutions can be designed and developed to address the challenges being faced by the farmers and the industry. Hence, a rise in awareness among farmers and efforts from the government and private sector toward the development of sustainable agriculture is expected to drive the growth of the global electric farm tractor market during the forecast period.

USP of the Report

Apart from key company profiles, the report includes the customer segment and product pricing. The report also covers the architectural comparison of key products in the market and analyses the cost-benefit analysis of electric tractors over conventional tractors. The region segment of the report covers key market-specific buyer attributes such as EV charging infrastructure, subsidies for EV industries by the government, and farm information for each country.

Analyst Perspective

According to Debraj Chakraborty, Principal Analyst, BIS Research,” Significant growth is expected in the global electric farm tractor market. North America is expected to be a key driving force behind this expansion. Factors such as rising fuel prices, environmental regulations, and the need for sustainable farming practices contribute to the increased adoption of electric tractors. Advancements in battery technology and government incentives are also likely to fuel this growth trend."

Key Companies Operating in The Market

Key players in the electric farm tractor market analyzed and profiled in the study involve major electric farm tractor manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the electric farm tractor market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

The key players profiled in the report include Solectrac (Ideanomics, Inc), Monarch Tractor, Cellestial eMobility Private Limited, Kubota Corporation, Sonalika Group, Rigitrac Traktorenbau AG, Erisha Agritech, Ztractor, AutoNxt Automation, Autonomous Tractor Corporation, CLAAS KGaA mbH, EOX Tractors (Formerly H2Trac), EVE Srl, Amos Power, and SABI AGRI.

Key Questions Answered in the Report

• What is the expected global electric farm tractor market size in terms of value during the period 2023-2028?
• What is the expected future scenario and revenue generated by the different types of products, including drivetrain technology and mode of operation?
• What is the expected future scenario and revenue generated by different application segments in the electric farm tractor market, including light-duty tractor, medium-duty tractor, and heavy-duty tractor agriculture applications?
• Which region is the largest market for the global electric farm tractor market?
• What are the expected future scenario and the revenue generated by different regions and countries in the global electric farm tractor market, such as North America, Europe, the U.K., China, Asia-Pacific, South America, and the Middle East and Africa?
• What is the competitive strength of the key players in the global electric farm tractor market on the basis of the analysis of their recent developments, product offerings, and regional presence?
• What are the adoption scenarios, related opportunities, and challenges associated with the global electric farm tractor market?
• What are the market dynamics of the global electric farm tractor market?