Compact Tractor Market

Compact Tractor Market Analysis by Two-wheel Drive and Four-wheel Drive for Mowing, Agriculture, Snow Clearing, and Landscaping from 2023 to 2033

Analysis of Compact Tractor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Compact Tractor Market Outlook (2023 to 2033)

As per the latest report published by Fact.MR, the global compact tractor market is estimated at US$ 7.76 billion in 2023. Worldwide demand for compact tractors is forecasted to rise at a CAGR of 4% and reach a market value of US$ 11.5 billion by 2033-end.

Operational efficiency and small sizes of compact tractors are predicted to boost their application in multiple end-use applications, including vineyards, landscaping, orchards, mining, and construction. Compact tractors are gaining popularity due to their versatility and ability to complete multiple tasks, ranging from landscaping and farming to property maintenance and construction.

Key Market Growth Drivers

  • Increasing urban population is boosting demand for property maintenance and residential landscaping. Landscaping businesses and homeowners depend on these machines for the maintenance of their gardens, properties, and lawns.
  • Compact tractors are becoming a popular choice for hobby and small-scale farmers. Rising niche farming, specialty crop production, and organic agriculture are predicted to lead to increased sales of compact tractors well-suited for these tasks.

Government regulations on environmental and emission standards are predicted to play a significant role in boosting demand for compact tractors. Several manufacturers are investing in developing more fuel-efficient and cleaner models to match regulations that appeal to customers who are opting for environment-friendly equipment.

Economic factors, including inflation, interest rate, and access to credits, are projected to positively influence demand for compact tractors. With a stable economy and favorable interest rates, customers can invest more in new tractors for their properties or businesses.

Constant growth of the agricultural sector is predicted to positively impact the demand for compact tractors. Changing farming practices, agricultural subsidies, and variations in crop prices are predicted to positively affect the purchasing decisions of various agricultural businesses and farmers.

Demand for compact tractors is also increasing as older farmers generally prefer more manageable and smaller machines. In addition, younger generations entering into small-scale agriculture are expected to seek more user-friendly and modern compact tractors.

Report Attributes Details
Compact Tractor Market Size (2022A) US$ 7.46 Billion
Estimated Market Value (2023E) US$ 7.76 Billion
Forecasted Market Value (2033F) US$ 11.5 Billion
Global Market Growth Rate (2023 to 2033) 4% CAGR
Sales in Japan (2022) 116 Thousand Units
Agriculture Application Segment Growth Rate (2023 to 2033) 3.5% CAGR
Key Companies Profiled
  • AGCO Corporation
  • CNH Industrial N. V.
  • Agro Tractors S.p.A.
  • Deere and Company
  • Kubota Corporation
  • Iseki and Co. Ltd.
  • Deutz Fahr
  • L.S. Tractors
  • Yanmar Holdings Co. Ltd.
  • Mahindra and Mahindra Ltd.

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Why are Sales of Compact Tractors Increasing Worldwide?

“Growing Number of Small-scale Agricultural Farms Driving Need for Compact Tractors”

Small-scale agriculture is being adopted extensively owing to consumers' demand for organically produced, locally sourced, and sustainable farming practices. Compact tractors are predicted to emerge as the preferred choice for various small-scale farmers.

Small-scale farmers generally grow a diverse range of crops, including herbs, vegetables, fruits, and niche products. Small farm tractors provide the flexibility necessary for the effective management of mixed farming systems. Owing to their ability to operate several implements, including seeders, plows, and harvesters, compact tractors are adapting to the changing requirements of small-scale farms.

Increasing supportive initiatives and government policies and funding are boosting the number of small-scale farms across many countries. The USDA (United States Department of Agriculture) has also altered its loan programs to support mid- and small-sized farmers. The increasing government support for small- and mid-sized agricultural farms is cushioning the demand for compact tractors.

“Maneuverability of Compact Tractors Facilitating Development of Intricate Planting Patterns”

Compact tractors are gaining traction due to their application versatility. They are well-known for their ability to adapt to an extensive array of projects, ranging from landscaping to agricultural endeavors, construction operations, and sometimes in meticulous maintenance of commercial and residential properties. Their versatility extends far beyond their size and makes them indispensable in this rapidly evolving world where efficiency and flexibility are paramount.

In the agricultural realm, compact tractors are adopted as essential tools for small- and large-scale farming operations as well as specialized endeavors. They plow seeds, harvest crops, and plant seeds with remarkable precision. The maneuverability of these tractors allows for intricate planting patterns and navigating through tight spaces, ensuring not a single inch of land has been left unattended.

Farmers with diversified agricultural pursuits, operation on limited acreage, and engagement in niche crop production find compact tractors more indispensable companions. They use these utility tractors to maximize their efficiency and yields.

Compact Tractor Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

What issues are Associated with Compact Tractors?

“High Operating Costs of Compact Tractors Limiting Sales”

Rising cost of diesel is predicted to lead to the increased operating costs of compact tractors for farmers, which is predicted to limit the adoption of compact tractors. In addition, outsourcing of some semiconductor devices is also anticipated to increase the final cost of garden tractors.

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What Initiatives are Start-ups Taking to Secure Their Market Position?

“Focus on Technological Advancements to Ease Use and Efficiency of Compact Tractors”

Start-ups can come up with more efficient and advanced compact tractors. Some of these features include a digital interface, telematics, and GPS-guided systems that enhance efficiency, productivity, and ease of use. These advancements are projected to attract customers who are looking for high-tech and modern equipment.

Country-wise Insights

The Asia Pacific region is projected to hold a noticeable share of the global market revenue going forward. This dominance is owing to technological advancements taking place in the agricultural sector, increasing adoption of compact tractors in farming practices, and growth of small-scale farming.

Why is the United States a Prominent Market for Compact Tractor Manufacturers?

“Increasing Number of Small-scale Agricultural Farms”

The United States is predicted to hold a significant position in the regional market because of the presence of many compact manufacturers, including Soils Tractors, John Deere, Caption Tractors, and Brim Tractor Company. In addition, increased need for small-scale agriculture farms is also contributing to growing sales of agricultural tractors.

Which Asia Pacific Countries Account for Higher Demand for Compact Tractors?

“Government Initiatives Supporting Small-scale Farms in India, China, Japan, and South Korea”

In the Asia Pacific region, Japan, China, India, and South Korea are lucrative markets for compact tractor producers. The agricultural sector contributes significantly to the economy of these countries. These utility tractors are utilized in the agricultural sector for various tasks, including hauling, tilling, planting, landscaping, mowing, and plowing.

Rising government initiatives are encouraging several small-scale farmers as well as supporting their livelihood. This is predicted to drive growth opportunities for suppliers of farm tractors.

Where is There High Demand for Compact Tractors in Europe?

“Rising Adoption of Small-scale Farming in France, Italy, Germany, and United Kingdom”

France, Italy, Germany, and the United Kingdom are key markets in the European region. The rising focus on small-scale farming is considered one of the prominent drivers cushioning product demand. Supportive initiatives and government policies, including funding and incentives, are predicted to boost small-scale farms in Europe.

For instance :

  • The European Union passed a new farm policy in 2023 to support mid- and small-sized farms in 25 regional countries with a specific amount. These farms are projected to receive some percentage of the funding annually.

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Category-wise Insights

Worldwide demand for four-wheel drive compact tractors is predicted to increase due to their improved traction even in adverse weather situations, as per a study published by Fact.MR, a market research and competitive intelligence provider.

Which Drive Type is Popular in Compact Tractors?

“High Demand for Four-wheel Drive Compact Tractors Due to Better Traction”

The choice of two-wheel drive (2WD) and four-wheel drive (4WD) compact tractors depends on the specific tasks and needs of users. 4WD compact tractors offer improved traction, particularly in adverse weather conditions and challenging terrain. These tractors are less likely to be stuck in snow, mud, or uneven surfaces. They are suitable for multiple landscaping, agricultural, and utility applications, including towing, plowing, and tilling. 4WD compact tractors are stable while carrying heavy loads and reducing the risks associated with tipping.

How is Growth of the Agricultural Sector Generating Demand for Compact Tractors?

“Wide Use of Compact Tractors to Reduce Risk of Damage to Crops”

Demand for mini tractors in the agriculture sector is predicted to increase at a CAGR of 3.5% through 2033. This segment is projected to occupy a 30% share of the global market revenue in 2033.

Multiple small-scale farmers are adopting compact lawn and garden tractors as they ensure careful handling of crops and are lightweight. In addition, compact tractors come with small farm implements, including backhoes and front-end loaders, thus enabling farmers to complete multiple field tasks.

Market Competition

Compact tractor manufacturers are adopting various strategies to achieve specific purposes, including ensuring quality control of products, management of supply chain systems, and focus on innovation. Organic and inorganic strategies, including acquisitions and mergers, are adopted by market players.

For instance :

  • John Deere introduced the 4075R Compact Utility Tractor in 2023. This newly developed product comes with technology-ready capabilities and heavy-duty 4R and 4M models.
  • Kubota, in 2022, released electric tractors for fertilization, hauling, and mowing in parks and similar green spaces in Europe. It comes with three to four hours of operation capacity with one to two hours of charging.

Key players in the compact tractor market are AGCO Corporation, CNH Industrial N. V., Agro Tractors S.p.A., Deere and Company, Kubota Corporation, Iseki and Co. Ltd., Deutz Fahr, L.S. Tractors, Yanmar Holdings Co. Ltd., and Mahindra and Mahindra Ltd.

Segmentation of Compact Tractor Market Research

  • By Power :

    • Less Than 20 HP
    • 21 HP to 30 HP
    • 31 HP to 40 HP
    • 41 HP to 50 HP
    • 51 HP to 60 HP
  • By Transmission :

    • Hydrostatic
    • Mechanical
  • By Drive Type :

    • Two-wheel Drive
    • Four-wheel Drive
  • By Application :

    • Mowing
    • Agriculture
    • Snow Clearing
    • Landscaping
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks & Trends Assessment

    3.1. Impact of COVID-19 Crisis on Demand

    3.2. Impact of COVID-19 Crisis on Prices

    3.3. COVID-19 Impact Benchmark with Previous Crisis

        3.3.1. Change in Demand Growth

        3.3.2. Before and After COVID-19 Crisis (Projected)

        3.3.3. Before and after SARS Pandemic (Actual)

        3.3.4. Before and After Sub-prime Crisis – 2008 (Actual)

        3.3.5. Change in Demand post Recovery Period (After Each Crisis)

    3.4. Impact on Market Value (US$ Mn)

        3.4.1. Likely Loss of Value in 2023

        3.4.2. Mid-term and Long Term Forecast

        3.4.3. Quarter by Quarter Dip and Recovery Assessment

    3.5. Anticipated Demand and Value Recovery Curve

        3.5.1. Likelihood of U-Shape Recovery

        3.5.2. Likelihood of L-Shape Recovery

    3.6. Recovery Period Assessment by Key Countries

    3.7. Recovery Assessment by Key Market Segments

    3.8. Action Points and Recommendation for Suppliers

4. Key Market Trends

    4.1. Key Trends Impacting the Market

    4.2. Product Innovation / Development Trends

5. Key Success Factors

    5.1. Product Adoption / Usage Analysis

    5.2. Product USPs / Features

    5.3. Strategic Promotional Strategies

6. Global Market Demand Analysis 2018-2022 and Forecast, 2023-2033

    6.1. Historical Market Volume (Units) Analysis, 2018-2022

    6.2. Current and Future Market Volume (Units) Projections, 2023-2033

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market - Pricing Analysis

    7.1. Regional Pricing Analysis By Power

    7.2. Pricing Break-up

        7.2.1. Manufacturer Level Pricing

        7.2.2. Distributor Level Pricing

    7.3. Global Average Pricing Analysis Benchmark

8. Global Market Demand (US$ Mn) Analysis 2018-2022 and Forecast, 2023-2033

    8.1. Historical Market Value (US$ Mn) Analysis, 2018-2022

    8.2. Current and Future Market Value (US$ Mn) Projections, 2023-2033

        8.2.1. Y-o-Y Growth Trend Analysis

        8.2.2. Absolute $ Opportunity Analysis

9. Market Background

    9.1. Macro-Economic Factors

        9.1.1. Global GDP Growth Outlook

        9.1.2. Global GDP Analysis By Country

        9.1.3. Global Urbanization Growth Outlook

        9.1.4. Global Population Growth Outlook

        9.1.5. Global Tractors Manufacturing Industry Growth Outlook

    9.2. Forecast Factors - Relevance & Impact

        9.2.1. Global Agriculture Market, By Region

        9.2.2. Global Tractors (Units) and Forecast, By Region

        9.2.3. Agricultural Machinery Global Statistics, By Region

        9.2.4. International Trade in Agricultural Machinery

        9.2.5. Tractors & Combine Sales Market

        9.2.6. European Agriculture Machinery Production

        9.2.7. Tractors Sales Data

    9.3. Value Chain

    9.4. Market Dynamics

        9.4.1. Drivers

        9.4.2. Restraints

        9.4.3. Opportunity Analysis

10. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Power

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Power, 2018-2022

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Power, 2023-2033

        10.3.1. Below 20HP

        10.3.2. 21HP-30HP

        10.3.3. 31HP-40HP

        10.3.4. 41HP-50HP

        10.3.5. Less than 60HP

    10.4. Market Attractiveness Analysis By Power

11. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Transmission

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Transmission, 2018-2022

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Transmission, 2023-2033

        11.3.1. Hydrostatic

        11.3.2. Mechanical

    11.4. Market Attractiveness Analysis By Transmission

12. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Application

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2018-2022

    12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2023-2033

        12.3.1. Mowing

        12.3.2. Landscaping

        12.3.3. Snow Cleaning

        12.3.4. Agriculture

        12.3.5. Others

    12.4. Market Attractiveness Analysis By Application

13. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2018-2022

    13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2023-2033

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. East Asia

        13.3.5. South Asia & Oceania

        13.3.6. Middle East & Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2018-2022 and Forecast 2023-2033

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2033

        14.4.1. By Country

            14.4.1.1. U.S.

            14.4.1.2. Canada

        14.4.2. By Power

        14.4.3. By Transmission

        14.4.4. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Power

        14.5.3. By Transmission

        14.5.4. By Application

15. Latin America Market Analysis 2018-2022 and Forecast 2023-2033

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2033

        15.4.1. By Country

            15.4.1.1. Brazil

            15.4.1.2. Mexico

            15.4.1.3. Argentina

            15.4.1.4. Rest of Latin America

        15.4.2. By Power

        15.4.3. By Transmission

        15.4.4. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Power

        15.5.3. By Transmission

        15.5.4. By Application

16. Europe Market Analysis 2018-2022 and Forecast 2023-2033

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2033

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. France

            16.4.1.3. U.K.

            16.4.1.4. Spain

            16.4.1.5. BENELUX

            16.4.1.6. Russia

            16.4.1.7. Rest of Europe

        16.4.2. By Power

        16.4.3. By Transmission

        16.4.4. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Power

        16.5.3. By Transmission

        16.5.4. By Application

17. East Asia Market Analysis 2018-2022 and Forecast 2023-2033

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2033

        17.4.1. By Country

            17.4.1.1. China

            17.4.1.2. Japan

            17.4.1.3. South Korea

        17.4.2. By Power

        17.4.3. By Transmission

        17.4.4. By Application

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Power

        17.5.3. By Transmission

        17.5.4. By Application

18. South Asia & Oceania Market Analysis 2018-2022 and Forecast 2023-2033

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2033

        18.4.1. By Country

            18.4.1.1. India

            18.4.1.2. Malaysia

            18.4.1.3. Singapore

            18.4.1.4. Indonesia

            18.4.1.5. Australia

            18.4.1.6. Rest of South Asia & Oceania

        18.4.2. By Power

        18.4.3. By Transmission

        18.4.4. By Application

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Power

        18.5.3. By Transmission

        18.5.4. By Application

19. Middle East & Africa (MEA) Market Analysis 2018-2022 and Forecast 2023-2033

    19.1. Introduction

    19.2. Pricing Analysis

    19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2018-2022

    19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2023-2033

        19.4.1. By Country

            19.4.1.1. GCC Countries

            19.4.1.2. South Africa

            19.4.1.3. Turkey

            19.4.1.4. Rest of MEA

        19.4.2. By Power

        19.4.3. By Transmission

        19.4.4. By Application

    19.5. Market Attractiveness Analysis

        19.5.1. By Country

        19.5.2. By Power

        19.5.3. By Transmission

        19.5.4. By Application

20. Key Countries Market Analysis 2018-2022 and Forecast 2023-2033

    20.1. U.S. Market Analysis

        20.1.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.1.1.1. By Power

            20.1.1.2. By Transmission

            20.1.1.3. By Application

    20.2. Canada Market Analysis

        20.2.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.2.1.1. By Power

            20.2.1.2. By Transmission

            20.2.1.3. By Application

    20.3. Brazil Market Analysis

        20.3.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.3.1.1. By Power

            20.3.1.2. By Transmission

            20.3.1.3. By Application

    20.4. Mexico Market Analysis

        20.4.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.4.1.1. By Power

            20.4.1.2. By Transmission

            20.4.1.3. By Application

    20.5. Germany Market Analysis

        20.5.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.5.1.1. By Power

            20.5.1.2. By Transmission

            20.5.1.3. By Application

    20.6. France Market Analysis

        20.6.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.6.1.1. By Power

            20.6.1.2. By Transmission

            20.6.1.3. By Application

    20.7. U.K. Market Analysis

        20.7.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.7.1.1. By Power

            20.7.1.2. By Transmission

            20.7.1.3. By Application

    20.8. Spain Market Analysis

        20.8.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.8.1.1. By Power

            20.8.1.2. By Transmission

            20.8.1.3. By Application

    20.9. BENELUX Market Analysis

        20.9.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.9.1.1. By Power

            20.9.1.2. By Transmission

            20.9.1.3. By Application

    20.10.  Russia Market Analysis

        20.10.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.10.1.1. By Power

            20.10.1.2. By Transmission

            20.10.1.3. By Application

    20.11. China Market Analysis

        20.11.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.11.1.1. By Power

            20.11.1.2. By Transmission

            20.11.1.3. By Application

    20.12. Japan Market Analysis

        20.12.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.12.1.1. By Power

            20.12.1.2. By Transmission

            20.12.1.3. By Application

    20.13. South Korea Market Analysis

        20.13.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.13.1.1. By Power

            20.13.1.2. By Transmission

            20.13.1.3. By Application

    20.14. India Market Analysis

        20.14.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.14.1.1. By Power

            20.14.1.2. By Transmission

            20.14.1.3. By Application

    20.15. Malaysia Market Analysis

        20.15.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.15.1.1. By Power

            20.15.1.2. By Transmission

            20.15.1.3. By Application

    20.16. Indonesia Market Analysis

        20.16.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.16.1.1. By Power

            20.16.1.2. By Transmission

            20.16.1.3. By Application

    20.17. Singapore Market Analysis

        20.17.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.17.1.1. By Power

            20.17.1.2. By Transmission

            20.17.1.3. By Application

    20.18. Australia Market Analysis

        20.18.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.18.1.1. By Power

            20.18.1.2. By Transmission

            20.18.1.3. By Application

    20.19. GCC Countries Market Analysis

        20.19.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.19.1.1. By Power

            20.19.1.2. By Transmission

            20.19.1.3. By Application

    20.20. South Africa Market Analysis

        20.20.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.20.1.1. By Power

            20.20.1.2. By Transmission

            20.20.1.3. By Application

    20.21. Turkey Market Analysis

        20.21.1. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            20.21.1.1. By Power

            20.21.1.2. By Transmission

            20.21.1.3. By Application

21. Market Structure Analysis

    21.1. Market Analysis by Tier of Companies (Compact Tractors)

    21.2. Market Share Analysis of Top Players

    21.3. Market Presence Analysis

        21.3.1. Regional Footprint of Players

        21.3.2. Product Footprint by Players

    21.4. Channel Footprint by Players

22. Competition Analysis

    22.1. Competition Dashboard

    22.2. Pricing Analysis by Competition

    22.3. Competition Benchmarking

    22.4. Competition Deep Dive

        22.4.1. AGCO Corporation

            22.4.1.1. Overview

            22.4.1.2. Product Portfolio

            22.4.1.3. Strategy Overview

        22.4.2. Mahindra & Mahindra Ltd.

            22.4.2.1. Overview

            22.4.2.2. Product Portfolio

            22.4.2.3. Strategy Overview

        22.4.3. Deere & Company

            22.4.3.1. Overview

            22.4.3.2. Product Portfolio

            22.4.3.3. Strategy Overview

        22.4.4. Kubota Corporation

            22.4.4.1. Overview

            22.4.4.2. Product Portfolio

            22.4.4.3. Strategy Overview

        22.4.5. CNH Industrial N.V.

            22.4.5.1. Overview

            22.4.5.2. Product Portfolio

            22.4.5.3. Strategy Overview

        22.4.6. Tong Yang Moolsan (TYM)

            22.4.6.1. Overview

            22.4.6.2. Product Portfolio

            22.4.6.3. Strategy Overview

        22.4.7. Daedong Industrial Co., Ltd.

            22.4.7.1. Overview

            22.4.7.2. Product Portfolio

            22.4.7.3. Strategy Overview

        22.4.8. Escorts Limited

            22.4.8.1. Overview

            22.4.8.2. Product Portfolio

            22.4.8.3. Strategy Overview

        22.4.9. Argo Tractors S.p.A.

            22.4.9.1. Overview

            22.4.9.2. Product Portfolio

            22.4.9.3. Strategy Overview

        22.4.10. LS Mtron

            22.4.10.1. Overview

            22.4.10.2. Product Portfolio

            22.4.10.3. Strategy Overview

        22.4.11. Yanmar Co., Ltd.

            22.4.11.1. Overview

            22.4.11.2. Product Portfolio

            22.4.11.3. Strategy Overview

        22.4.12. Other Prominent Players

            22.4.12.1. Overview

            22.4.12.2. Product Portfolio

            22.4.12.3. Strategy Overview

23. Assumptions and Acronyms Used

24. Research Methodology

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List Of Table

Table 01: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 02: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 03: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 04: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 05: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 06: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 07: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018-2022

Table 08: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023-2033

Table 09: Global Market Value Y-o-Y Growth, 2023-2033

Table 10: Global Market Volume Y-o-Y Growth, 2023-2033

Table 11: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018-2022

Table 12: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023-2033

Table 13: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 14: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 15: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 16: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 17: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 18: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 19: North America Market Value Y-o-Y Growth, 2023-2033

Table 20: North America Market Volume Y-o-Y Growth, 2023-2033

Table 21: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018-2022

Table 22: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023-2033

Table 23: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 24: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 25: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 26: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 27: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 28: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 29: Latin America Market Value Y-o-Y Growth, 2023-2033

Table 30: Latin America Market Volume Y-o-Y Growth, 2023-2033

Table 31: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018-2022

Table 32: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023-2033

Table 33: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 34: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 35: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 36: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 37: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 38: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 39: Europe Market Value Y-o-Y Growth, 2023-2033

Table 40: Europe Market Volume Y-o-Y Growth, 2023-2033

Table 41: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018-2022

Table 42: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023-2033

Table 43: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 44: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 45: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 46: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 47: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 48: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 49: East Asia Market Value Y-o-Y Growth, 2023-2033

Table 50: East Asia Market Volume Y-o-Y Growth, 2023-2033

Table 51: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018-2022

Table 52: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023-2033

Table 53: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 54: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 55: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 56: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 57: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 58: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 59: South Asia & Oceania Market Value Y-o-Y Growth, 2023-2033

Table 60: South Asia & Oceania Market Volume Y-o-Y Growth, 2023-2033

Table 61: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018-2022

Table 62: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023-2033

Table 63: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2018-2022

Table 64: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Power, 2023-2033

Table 65: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2018-2022

Table 66: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Transmission, 2023-2033

Table 67: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018-2022

Table 68: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023-2033

Table 69: MEA Market Value Y-o-Y Growth, 2023-2033

Table 70: MEA Market Volume Y-o-Y Growth, 2023-2033

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List Of Figures

Figure 01: Global Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 02: Global Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 - 2030

Figure 04: Global Market Incremental $ Opportunity, 2023-2033

Figure 05: Global Market Share and BPS Analysis by Power, 2023 & 2033

Figure 06: Global Market Y-o-Y Growth Projections by Power, 2023-2033

Figure 07: Global Market Attractiveness Analysis by Power, 2023-2033

Figure 08: Global Market Value (US$ Mn), Volume (Unit) and Forecast by less than 20 HP, 2018-2033

Figure 09: Global Market Incremental $ Opportunity by less than 20 HP, 2023-2033

Figure 10: Global Market Value (US$ Mn), Volume (Unit) and Forecast by 21HP-30HP, 2018-2033

Figure 11: Global Market Incremental $ Opportunity by 21HP-30HP, 2023-2033

Figure 12: Global Market Value (US$ Mn), Volume (Unit) and Forecast by 31HP-40HP, 2018-2033

Figure 13: Global Market Incremental $ Opportunity by 31HP-40HP, 2023-2033

Figure 14: Global Market Value (US$ Mn), Volume (Unit) and Forecast by 41HP-50HP, 2018-2033

Figure 15: Global Market Incremental $ Opportunity by 41HP-50HP, 2023-2033

Figure 16: Global Market Value (US$ Mn), Volume (Unit) and Forecast by less than 60 HP, 2018-2033

Figure 17: Global Market Incremental $ Opportunity by less than 60 HP, 2023-2033

Figure 18: Global Market Share and BPS Analysis by Transmission, 2023 & 2033

Figure 19: Global Market Y-o-Y Growth Projections by Transmission, 2023-2033

Figure 20: Global Market Attractiveness Analysis by Transmission, 2023-2033

Figure 21: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Hydrostatic, 2018-2033

Figure 22: Global Market Incremental $ Opportunity by Hydrostatic, 2023-2033

Figure 23: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Mechanical, 2018-2033

Figure 24: Global Market Incremental $ Opportunity by Mechanical, 2023-2033

Figure 25: Global Market Share and BPS Analysis by Application, 2023 & 2033

Figure 26: Global Market Y-o-Y Growth Projections by Application, 2023-2033

Figure 27: Global Market Attractiveness Analysis by Application, 2023-2033

Figure 28: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Mowing, 2018-2033

Figure 29: Global Market Incremental $ Opportunity by Mowing, 2023-2033

Figure 30: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Landscaping, 2018-2033

Figure 31: Global Market Incremental $ Opportunity by Landscaping, 2023-2033

Figure 32: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Snow Clearing, 2018-2033

Figure 33: Global Market Incremental $ Opportunity by Snow Clearing, 2023-2033

Figure 34: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Agriculture, 2018-2033

Figure 35: Global Market Incremental $ Opportunity by Agriculture, 2023-2033

Figure 36: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Others, 2018-2033

Figure 37: Global Market Incremental $ Opportunity by Others, 2023-2033

Figure 38: Global Market Share and BPS Analysis by Region, 2023 & 2033

Figure 39: Global Market Y-o-Y Growth Projections by Region, 2023-2033

Figure 40: Global Market Attractiveness Index by Region, 2023-2033

Figure 41: North America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 42: North America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 43: North America Market Share Analysis by Country, 2023 & 2033

Figure 44: North America Market Y-o-Y Growth Projection by Country, 2023-2033

Figure 45: North America Market Attractiveness Analysis by Country, 2023-2033

Figure 46: North America Market Share Analysis by Power, 2023 & 2033

Figure 47: North America Market Y-o-Y Growth Projection by Power, 2023-2033

Figure 48: North America Market Attractiveness Analysis by Power, 2023-2033

Figure 49: North America Market Share Analysis by Transmission, 2023 & 2033

Figure 50: North America Market Y-o-Y Growth Projection by Transmission, 2023-2033

Figure 51: North America Market Attractiveness Analysis by Transmission, 2023-2033

Figure 52: North America Market Share Analysis by Application, 2023 & 2033

Figure 53: North America Market Y-o-Y Growth Projection by Application, 2023-2033

Figure 54: North America Market Attractiveness Analysis by Application, 2023-2033

Figure 55: Latin America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 56: Latin America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 57: Latin America Market Share Analysis by Country, 2023 & 2033

Figure 58: Latin America Market Y-o-Y Growth Projection by Country, 2023-2033

Figure 59: Latin America Market Attractiveness Analysis by Country, 2023-2033

Figure 60: Latin America Market Share Analysis by Power, 2023 & 2033

Figure 61: Latin America Market Y-o-Y Growth Projection by Power, 2023-2033

Figure 62: Latin America Market Attractiveness Analysis by Power, 2023-2033

Figure 63: Latin America Market Share Analysis by Transmission, 2023 & 2033

Figure 64: Latin America Market Y-o-Y Growth Projection by Transmission, 2023-2033

Figure 65: Latin America Market Attractiveness Analysis by Transmission, 2023-2033

Figure 66: Latin America Market Share Analysis by Application, 2023 & 2033

Figure 67: Latin America Market Y-o-Y Growth Projection by Application, 2023-2033

Figure 68: Latin America Market Attractiveness Analysis by Application, 2023-2033

Figure 69: Europe Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 70: Europe Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 71: Europe Market Share Analysis by Country, 2023 & 2033

Figure 72: Europe Market Y-o-Y Growth Projection by Country, 2023-2033

Figure 73: Europe Market Attractiveness Analysis by Country, 2023-2033

Figure 74: Europe Market Share Analysis by Power, 2023 & 2033

Figure 75: Europe Market Y-o-Y Growth Projection by Power, 2023-2033

Figure 76: Europe Market Attractiveness Analysis by Power, 2023-2033

Figure 77: Europe Market Share Analysis by Transmission, 2023 & 2033

Figure 78: Europe Market Y-o-Y Growth Projection by Transmission, 2023-2033

Figure 79: Europe Market Attractiveness Analysis by Transmission, 2023-2033

Figure 80: Europe Market Share Analysis by Application, 2023 & 2033

Figure 81: Europe Market Y-o-Y Growth Projection by Application, 2023-2033

Figure 82: Europe Market Attractiveness Analysis by Application, 2023-2033

Figure 83: East Asia Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 84: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 85: East Asia Market Share Analysis by Country, 2023 & 2033

Figure 86: East Asia Market Y-o-Y Growth Projection by Country, 2023-2033

Figure 87: East Asia Market Attractiveness Analysis by Country, 2023-2033

Figure 88: East Asia Market Share Analysis by Power, 2023 & 2033

Figure 89: East Asia Market Y-o-Y Growth Projection by Power, 2023-2033

Figure 90: East Asia Market Attractiveness Analysis by Power, 2023-2033

Figure 91: East Asia Market Share Analysis by Transmission, 2023 & 2033

Figure 92: East Asia Market Y-o-Y Growth Projection by Transmission, 2023-2033

Figure 93: East Asia Market Attractiveness Analysis by Transmission, 2023-2033

Figure 94: East Asia Market Share Analysis by Application, 2023 & 2033

Figure 95: East Asia Market Y-o-Y Growth Projection by Application, 2023-2033

Figure 96: East Asia Market Attractiveness Analysis by Application, 2023-2033

Figure 97: South Asia & Oceania Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 98: South Asia & Oceania Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 99: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033

Figure 100: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023-2033

Figure 101: South Asia & Oceania Market Attractiveness Analysis by Country, 2023-2033

Figure 102: South Asia & Oceania Market Share Analysis by Power, 2023 & 2033

Figure 103: South Asia & Oceania Market Y-o-Y Growth Projection by Power, 2023-2033

Figure 104: South Asia & Oceania Market Attractiveness Analysis by Power, 2023-2033

Figure 105: South Asia & Oceania Market Share Analysis by Transmission, 2023 & 2033

Figure 106: South Asia & Oceania Market Y-o-Y Growth Projection by Transmission, 2023-2033

Figure 107: South Asia & Oceania Market Attractiveness Analysis by Transmission, 2023-2033

Figure 108: South Asia & Oceania Market Share Analysis by Application, 2023 & 2033

Figure 109: South Asia & Oceania Market Y-o-Y Growth Projection by Application, 2023-2033

Figure 110: South Asia & Oceania Market Attractiveness Analysis by Application, 2023-2033

Figure 111: MEA Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018-2022

Figure 112: MEA Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023-2033

Figure 113: MEA Market Share Analysis by Country, 2023 & 2033

Figure 114: MEA Market Y-o-Y Growth Projection by Country, 2023-2033

Figure 115: MEA Market Attractiveness Analysis by Country, 2023-2033

Figure 116: MEA Market Share Analysis by Power, 2023 & 2033

Figure 117: MEA Market Y-o-Y Growth Projection by Power, 2023-2033

Figure 118: MEA Market Attractiveness Analysis by Power, 2023-2033

Figure 119: MEA Market Share Analysis by Transmission, 2023 & 2033

Figure 120: MEA Market Y-o-Y Growth Projection by Transmission, 2023-2033

Figure 121: MEA Market Attractiveness Analysis by Transmission, 2023-2033

Figure 122: MEA Market Share Analysis by Application, 2023 & 2033

Figure 123: MEA Market Y-o-Y Growth Projection by Application, 2023-2033

Figure 124: MEA Market Attractiveness Analysis by Application, 2023-2033

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What valuation did the compact tractor market reach in 2022?

The global compact tractor market was pegged at US$ 7.46 billion in 2022.

What was the sales volume of compact tractors in Japan in 2022?

Sales of compact tractors in Japan reached 116 thousand units in 2022.

What is the size of the global compact tractor market in 2023?

The global market stands at US$ 7.76 billion in 2023.

At what rate are worldwide sales of compact tractors projected to increase?

Sales of compact tractors are forecasted to increase at a CAGR of 4% through 2033.

What is the predicted valuation of the market for 2033?

The market for compact tractors is projected to reach US$ 11.5 billion by 2033.

At what rate is the utilization of compact tractors set to increase in the agricultural sector?

Use of compact tractors in agriculture is predicted to rise at a CAGR of 3.5% from 2023 to 2033.

What are the characteristics of a good compact tractor?

Greater clearance, short turning ability, easy and quick attachment, and adaptation to usual row widths are some key features of good compact tractors.

- Also of Interest -

Agricultural Tractors Market

Agricultural Tractors Market Analysis by Engine Power (Less than 40 HP, between 41 to 100 HP, More than 100 HP), by Driveline Type (2WD Agricultural Tractors, 4WD Agricultural Tractors), by Region - Global Forecast 2022-2032

Autonomous Tractors Market

Autonomous Tractors Market Analysis by Fully-Autonomous and Semi-Autonomous in Up to 30 HP, 31 to 100 HP, and 101 HP & Above from 2023 to 2033

Tractor Market

Tractor Market Study by Electric, Hydraulic, and Hybrid for Agricultural, Industrial, and Utility from 2024 to 2034

Farm Tractor Market

Farm Tractor Market Study by Two-wheel Drive and Four-wheel Drive of Up to 30 HP, 31 HP to 100 HP, 101 HP to 200 HP, and Above 200 HP from 2024 to 2034

Compact Tractor Market

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