4WD or 4 Wheel Drive Tractors are the largest tractors in terms of strength and load-bearing capacity. It offers dynamic movement across the four wheels and is compatible with a wide range of attachments.
The increase in the popularity and demand for 4WD tractors is due to the increase in the net income of farmers. The high-fuel efficiency of 4WD tractors is another factor that makes it an attractive investment, especially in the long run. Given that 4WD tractors offer additional features such as less wear and tear of tires, weight or load balance, and high performance even in harsh climatic conditions.
Further, the MoUs signed between organizations with governments that are leading in the manufacturing of 4WD vehicles indicate a positive trend in the industry. Hence, it comes as no surprise that the market for 4WD tractors is expected to increase for the forecast period.
INLON PTY LTD(Australia)
BUHLER VERSATILE INC.(Canada)
ZHENGZHOU ALC MECHANICAL EQUIPMENT CO.,LTD.(China)
John Deere (Pty)Ltd.(South Africa)
CFS UK Ltd(UK)
KIOTI Tractor Division(USA)
Argo Tractors S.p.A.(USA)
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The industry for the 4WD tractors can be segmented on the basis of the type of motor powering the tractor. This includes:
On the basis of the geographical position, the regional segmentation has been carried out as follows:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, Colombia, etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
While the North American region is the global leader in the industry and is expected to continue doing so, the Asian-Pacific region is also an up and coming market with great potential.
A recent survey by the Center for Disease Control and Prevention released that tractor rollovers are one of the leading causes of farm deaths in the United States. As a result, the Government is encouraging the installation of Rollover Protection Systems (ROPS) constituting a ‘crush-proof zone’ placed around the driver’s compartment in the tractor. On the passage of the Senate Bill 35, the state would fund nearly 70% safety features for farmers while they pay $500 out of their pockets.
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Table Of Content:
1 Market Overview
2 Manufacturers Profiles
3 Global Market Competition, by Players
4 Global Market Size by Regions
5 North America Revenue by Countries
6 Europe Revenue by Countries
7 Asia-Pacific Revenue by Countries
8 South America Revenue by Countries
9 Middle East and Africa Revenue by Countries
10 Global Market Segment by Type
11 Global Market Segment by Application
12 Global Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
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