Orchard Type Tractors Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 12.56 Billion |
| Market Size (2029) | USD 15.65 Billion |
| CAGR (2024 - 2029) | 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Orchard Type Tractors Market Analysis
The Orchard Type Tractors Market size is estimated at USD 12.56 billion in 2024, and is expected to reach USD 15.65 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).
- Increasing farm mechanization rates, especially in developing countries, and the rise in farm labor cost are the major factors attributing the growth of the market studied.
- North America occupies the major share in orchard tractors market.The rising trend of homegrown fruits and vegetable in this region is the key driver for the market growth.
- Deere & Company,CNH Industrial N.V.,Mahindra & Mahindra Ltd andTractor, and Farm Equipment Limited are some of the global players who are operating in this market.
Orchard Type Tractors Market Trends
This section covers the major market trends shaping the Orchard Type Tractors Market according to our research experts:
Rise in Technological Advancements is driving the market growth
There is a growing need for farm mechanization in the region, as farmer income has not been able to keep pace, such as to cater to the increasing cost of production. Farmers across the globe are looking for tractors with tailored features, which can fulfill their needs for effective farming. So, in order to meet consumer demand, many international agriculture machinery manufacturers such as Deere & company are coming up with new technologically-advanced orchard tractors, which can handle critical operations in harvesting crops such as apple, cherries. With the rise in the number of innovative orchard tractor launches are making consumers impulsive towards their purchase, which, in turn, is boosting the sales of orchard tractors.
North America is Dominating the Orchard tractors market
The continues rise in farm labor wages due to labor shortage, especially in fruits and vegetable plantation has had a positive impact on the demand for tractors in this region, as farmers are increasingly adopting agricultural mechanization including tractors as a substitute for manual labor. The wave of modern technology has already been witnessed in orchard tractors with the application of Artificial Intelligence-based tools for data transmission, for precise decision-making processes in cultivation. The rise in technological advancements in orchard tractors coupled with the decline in farm labor shrinkage is driving the demand for orchard and garden tractors sales and is expected to grow further during the forecast period.
Orchard Type Tractors Industry Overview
The global Garden and Orchard type tractors machinery market is fragmented with the presence of many of regional players. Deere & Company, CNH Industrial N.V., Mahindra & Mahindra Ltd and Tractor, and Farm Equipment Limited are some of the global players who are operating in this market. Product Innovation and expansion are the key strategies adopted by these players to strengthen their presence in the global garden and orchard type tractor machinery market.
Orchard Type Tractors Market Leaders
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Deere & Company
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Kubota Group
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CNH Industrial N.V.
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Mahindra & Mahindra Ltd.
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Tractor and Farm Equipment Limited
*Disclaimer: Major Players sorted in no particular order
Orchard Type Tractors Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Horse power
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5.1.1 Less than 20 HP
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5.1.2 20-30 HP
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5.1.3 30-40 HP
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Germany
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5.2.2.2 United Kingdom
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5.2.2.3 France
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5.2.2.4 Rest of Europe
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5.2.3 Asia Pacific
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5.2.3.1 China
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5.2.3.2 Japan
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5.2.3.3 India
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Africa
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5.2.5.1 South Africa
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5.2.5.2 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Deere & Company
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6.4.2 Kubota Group
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6.4.3 Argo Tractors S.p.A
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6.4.4 CNH Industrial N.V.
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6.4.5 Mahindra & Mahindra Ltd.
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6.4.6 CLAAS KGaA mbH
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6.4.7 Tractor and Farm Equipment Limited
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6.4.8 Massey ferguson limited
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Orchard Type Tractors Industry Segmentation
For the purpose of this report, the tractors used in agricultural operations, especially Less than 20 HP, 30 HP and 30-40 HP tractors are considered. Tractors used for orchards and garden purpose are included in the study.
| By Horse power | |
| Less than 20 HP | |
| 20-30 HP | |
| 30-40 HP |
| Geography | |||||||
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Orchard Type Tractors Market Research FAQs
How big is the Orchard Type Tractors Market?
The Orchard Type Tractors Market size is expected to reach USD 12.56 billion in 2024 and grow at a CAGR of 4.5% to reach USD 15.65 billion by 2029.
What is the current Orchard Type Tractors Market size?
In 2024, the Orchard Type Tractors Market size is expected to reach USD 12.56 billion.
Who are the key players in Orchard Type Tractors Market?
Deere & Company, Kubota Group, CNH Industrial N.V., Mahindra & Mahindra Ltd. and Tractor and Farm Equipment Limited are the major companies operating in the Orchard Type Tractors Market.
Which is the fastest growing region in Orchard Type 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 Orchard Type Tractors Market?
In 2024, the North America accounts for the largest market share in Orchard Type Tractors Market.
What years does this Orchard Type Tractors Market cover, and what was the market size in 2023?
In 2023, the Orchard Type Tractors Market size was estimated at USD 12.02 billion. The report covers the Orchard Type Tractors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Orchard Type Tractors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Orchard Type Tractors Industry Report
Statistics for the 2024 Orchard Type Tractors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Orchard Type 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.
