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All-wheel Drive Tractors Market Share

Report ID: GMI8277
Published Date: Feb 2024
Report Format: PDF

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All-Wheel Drive Tractors Market Share

Massey Ferguson and John Deere hold a significant market share of over 26% in the all-wheel drive (AWD) tractors market. Numerous firms innovate AWD tractor designs, integrating cutting-edge features like precision farming tech, autonomous functionalities, and improved fuel economy. Their aim is to distinguish products by incorporating distinctive design aspects, ergonomic enhancements, and adaptable configurations to cater to the varied requirements of farmers and agricultural enterprises.

Certain firms offer adaptable AWD tractor setups to suit diverse farming methods, terrain variations, and crop specifications. Employing a modular design strategy, these companies enable farmers to conveniently enhance or modify tractor components and attachments to align with evolving requirements and technological advancements.

All-Wheel Drive Tractors Market Companies

Major players operating in the all-wheel drive tractors industry are:

Claas
Deutz-Fahr
Escorts Kubota Limited
John Deere
Kubota
LS Tractor
Mahindra & Mahindra
Massey Ferguson
McCormick Tractors
TAFE

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

All-wheel drive (AWD) tractors industry size was USD 15.8 billion in 2023 and is anticipated to witness over 5% CAGR between 2024 and 2032, due to the increased demand for advanced agricultural equipment worldwide.

The 50 HP to 100 HP horsepower segment recorded 42% of the all-wheel drive tractors market share in 2023 and is expected to grow through 2032 driven by their accessibility to a broader variety of farmers, particularly those running small and medium-sized enterprises.

The ICE propulsion segment held 77% of the AWD tractors market share in 2023 and is poised for significant growth between 2024 and 2032 due to higher affordability than their electric counterparts.

Asia Pacific recorded over 34% of the global all-wheel drive tractors market share in 2023 due to the presence of a vast and developing agricultural sector, along with rising population and food demand requiring more productivity and efficiency.