Global Autonomous Tractors Market - Growth, Trends, and Forecast (2019-2024)

The Global Autonomous Tractors Market is segmented by Horse Power, by Automation into Fully Automated and Semi-Automated and by Geography into North America, Europe, Asia Pacific, South America and Africa.

Market Snapshot

Tractors Market Snapshot
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The global autonomous tractor market was valued at USD 507.61 million in 2018 and is projected to grow at a CAGR of 35.0% during the forecast period (2019-2024).The drivers identified in the market are increase in efficiency and farm productivity, increase in labour costs and better management of farm activities.The restraints identified in the market are huge capital investment, lack of awareness among farmers and unanticipated risks in a growing market.

Scope of the Report

The autonomous tractor is mainly referred to as the driverless tractor which uses several components like GPS, sensors, laser diodes and other devices for all the agricultural tasks. They are either fully automated or semi-automated whereby the tractor is managed using a remote control from a distance. 

Horse Power
Upto 30 HP
31 HP to 100 HP
Above 100 HP
Automation
Fully Automated
Semi-Automated
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
UK
Spain
France
Russia
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increase in Labour Costs is driving the market

The cost of farm labor has a direct relationship with the percentage of the total population of a country employed in agriculture, considering simple demand-supply economics. On an average, developing economies have larger percentages of population dependent on agriculture. However, the percentages have decreased over time. Farmers are increasingly adopting agricultural mechanization as a substitute to manual labor with a more cost-effective, easily available and more efficient means of agricultural operation.They are shifting towards autonomous tractors to save time and resources which in turn is increasing the farm productivity and per acre yield of crops.

Tractors Market

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Asia Pacific is the fastest growing market

The global autonomous tractor market is segmented by geography into North America,Europe, Asia Pacific,South America and Africa. Asia Pacific is considered as the fastest growing market because the companies located in Asia Pacific are launching new autonomous tractors in the market and thereby dominating the market with faster innovations and product launches.

Market Trends 2

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Competitive Landscape

In the global autonomous tractor market, companies are not only competing based on equipment quality and promotion, but are also focused on strategic moves, in order to hold larger market shares. The major players in this market are into innovation and launching the new products globally. Since, the inception of the market is very recent, it is considered to be a consolidated market with a few players holding the majority of the shares in the market.

Major Players

  1. John Deere
  2. Mahindra and Mahindra Ltd
  3. Autonomous Tractor Corporation
  4. CNH Industrial
  5. Kubota Corporation

* Complete list of players covered available in the table of contents below

Tractors CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Horse Power

      1. 5.1.1 Upto 30 HP

      2. 5.1.2 31 HP to 100 HP

      3. 5.1.3 Above 100 HP

    2. 5.2 Automation

      1. 5.2.1 Fully Automated

      2. 5.2.2 Semi-Automated

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 Spain

        4. 5.3.2.4 France

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 AGCO

      2. 6.3.2 John Deere

      3. 6.3.3 Mahindra and Mahindra Ltd

      4. 6.3.4 Autonomous Tractor Corporation

      5. 6.3.5 CNH Industrial

      6. 6.3.6 Kubota Corporation

      7. 6.3.7 Dutch Power Company

      8. 6.3.8 Yanmar Co., Ltd.

      9. 6.3.9 Trimble Inc.

      10. 6.3.10 Kinze Manufacturing, Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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