Garden And Orchard Tractors Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 32.84 Billion |
| Market Size (2029) | USD 42.81 Billion |
| CAGR (2024 - 2029) | 5.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Garden And Orchard Tractors Market Analysis
The Garden And Orchard Tractors Market size is estimated at USD 32.84 billion in 2024, and is expected to reach USD 42.81 billion by 2029, at a CAGR of 5.45% during the forecast period (2024-2029).
- In developing regions, the growing use of garden and orchard-type tractors is driving significant market growth. Moreover, government subsidies promoting farm mechanization are pivotal in boosting the orchard tractor market. With a keen focus on enhancing farm mechanization, governments are establishing bold targets. For example, China's government, currently at a 60% mechanization rate, is setting its sights on 75% by 2025. Similarly, Brazil, India, and Southeast Asian countries are also targeting elevated mechanization rates.
- Garden tractors, known for their versatility, play a pivotal role in landscaping and property maintenance. These compact yet robust machines deliver both efficiency and convenience. Fueling the gardening industry's growth are institutional and commercial clients, who generate higher per-service revenue. A notable expansion in the industry can be traced back to the consistent rise in new gardens and parks. In light of this surge in green spaces, market players are introducing more versatile garden tractors, capable of handling diverse tasks. This evolution not only boosts garden tractor adoption but is poised to further accelerate the region's market growth. With many countries emphasizing environmental enhancement, particularly in vegetation, the increasing use of garden tractors for cultivating these spaces promises to energize the market further.
Garden And Orchard Tractors Market Trends
Orchard Type Tractor Lead the Market
- Farmers utilize orchard-type tractors for a range of activities, from establishing and maintaining lawns and gardens to managing fruit crops and vines. These versatile tractors cater to operations across the spectrum, from small farms to large corporate agricultural entities, especially those focusing on labor-intensive, high-value crops and specialized tasks. Their lightweight and compact design, coupled with a tight turning radius, ensures optimal traction across diverse terrains.
- Countries such as China, India, and Brazil are witnessing a surge in demand for orchard tractors, bolstered by robust government support. A notable instance is the Kisan Tractor Yojana Subsidy, an active initiative by the Indian central government, which offers farmers a generous 50% subsidy on the on-road price of tractors. In a similar vein, China's financial authority, in a bid to bolster the 2023 spring plowing and support farmers, allocated a fresh round of subsidies worth 10 billion yuan (USD 1.46 billion) for purchasing agricultural materials, as announced by China's Ministry of Agriculture and Rural Affairs (MOA).
- As populations grow and food demands escalate, the drive for increased crop yields and productivity is fueling the orchard tractor market. Orchard tractors primarily cater to crops such as mangoes, grapes, and apples. The Asia-Pacific region, a dominant player in grape and apple production, reports grape harvests spanning 2.05 million hectares and apple harvests covering 3.38 million hectares. Additionally, the expanding acreage of these crops further propels orchard tractor sales.
North America Dominates the Market
- North American governments are increasingly prioritizing the expansion of parks and green spaces, responding to a growing trend of families visiting public areas. In 2022, the U.S. government, through its Outdoor Recreation Legacy Partnership (ORLP) program, allocated USD 61.1 million. This funding targets 26 cities across the U.S., with goals to create new parks and trails or to undertake significant renovations of existing ones. Concurrently, Canada is rolling out its most ambitious nature conservation initiative yet. The campaign aims to protect thirty percent of the nation's lands and waters by 2030. With an investment of USD 8 million, Canada is zeroing in on three crucial natural areas in Ontario, ensuring these greenspaces benefit future generations. As developments in public gardens and parks surge, the demand for garden tractors in the U.S. is set to increase.
- The United States, Canada, and Mexico stand out as major producers of orchard crops. According to the Food and Agriculture Organization, the harvested area for oranges in the United States spanned 116 thousand hectares, while Mexico's harvested area reached 335 thousand hectares in the year 2022. However, the production phase for orchard crops is notably labor-intensive. Given its dependence on hired labor, North America's orchard industry is acutely affected by rising labor costs and the availability of farm workers. As the farm labor market tightens, securing workers for orchards—especially during critical growing seasons and harvest times—becomes increasingly expensive. Notably, the growth rate of hourly wages for farm labor has surpassed that of non-agricultural production workers. Consequently, the use of orchard tractors has become essential for managing key production tasks.
Garden And Orchard Tractors Industry Overview
The Global Garden and Orchard-type Tractors Machinery Market is moderately consolidated, with a few companies holding the majority of the shares in the market. Some of the major players holding large shares in the market include Deere & Company, Mahindra & Mahindra, AGCO Corporation, Kubota Corporation, and ARGO SpA (McCormick Tractors International Ltd). Companies are competing not just on product quality or promotion, but are also making strategic moves to capture a larger market share and broaden their market presence.
Garden And Orchard Tractors Market Leaders
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Deere & Company
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Mahindra & Mahindra
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AGCO Corporation
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Kubota Corporation
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ARGO SpA (McCormick Tractors International Ltd)
*Disclaimer: Major Players sorted in no particular order
Garden And Orchard Tractors Market News
- June 2024: Mahindra & Mahindra Ltd unveiled its strategy to broaden its global footprint, targeting Western Europe and ASEAN (The Association of Southeast Asian Nations) to strengthen its international standing for Orchard and other types of Tractors in their lineup. Mahindra Tractors is set to make its ASEAN debut in Thailand in 2024, with plans to venture into Western Europe in 2025. The company has set an ambitious goal to double its international business within the next three years.
- February 2024: AGCO Corporation launched the Massey Ferguson 3 Series Specialty tractor in North America. Tailored for the distinct needs of vineyards and orchards, the MF 3 Series offers seven models, boasting horsepower between 75 and 115, ensuring reliable performance in a new market.
Garden And Orchard Tractors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Farm Mechanization
4.2.2 Rising Acreage in Orchard Crops
4.2.3 Increasing Expenditure for Gardening
4.3 Market Restraints
4.3.1 Rising Trend of Tractor Rentals
4.3.2 Poor Economic Conditions of Farmers in Certain Countries
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Orchard Type
5.1.2 Garden Type
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Spain
5.2.2.5 Italy
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Deere and Company
6.3.2 CNH Industrial NV
6.3.3 Mahindra & Mahindra
6.3.4 AGCO Corporation
6.3.5 Kubota Corporation
6.3.6 ARGO SpA (McCormick Tractors International Ltd)
6.3.7 Case IH
6.3.8 SDF Group
6.3.9 CLAAS GmbH
6.3.10 Daedong Corporation (Kioti Tractor)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Garden And Orchard Tractors Industry Segmentation
Orchard tractors, tailored for orchards, vineyards, and gardens, cater to specific farming and gardening tasks. Each variant is crafted for distinct environments, adeptly maneuvering through narrow rows or steering clear of low-hanging branches. The Garden and Orchard Type Tractors Machinery Market is Segmented by Type, into Orchard Type Tractor and Garden Tractor, and Geography, into North America, Europe, Asia-Pacific, South America, and Africa. The Report Offers Market Estimation and Forecast in Value (USD) for the Abovementioned Segments.
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Garden And Orchard Tractors Market Research FAQs
How big is the Garden And Orchard Tractors Market?
The Garden And Orchard Tractors Market size is expected to reach USD 32.84 billion in 2024 and grow at a CAGR of 5.45% to reach USD 42.81 billion by 2029.
What is the current Garden And Orchard Tractors Market size?
In 2024, the Garden And Orchard Tractors Market size is expected to reach USD 32.84 billion.
Who are the key players in Garden And Orchard Tractors Market?
Deere & Company, Mahindra & Mahindra, AGCO Corporation, Kubota Corporation and ARGO SpA (McCormick Tractors International Ltd) are the major companies operating in the Garden And Orchard Tractors Market.
Which is the fastest growing region in Garden And Orchard Tractors Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Garden And Orchard Tractors Market?
In 2024, the North America accounts for the largest market share in Garden And Orchard Tractors Market.
What years does this Garden And Orchard Tractors Market cover, and what was the market size in 2023?
In 2023, the Garden And Orchard Tractors Market size was estimated at USD 31.05 billion. The report covers the Garden And Orchard Tractors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Garden And Orchard Tractors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Garden And Orchard Tractors Industry Report
Statistics for the 2024 Garden and Orchard Tractors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Garden and Orchard Tractors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Garden And Orchard Tractors Market Report Snapshots
