Global Utility Tractor Market - 2019-2026
|通用曳引機的全球市場:未來展望 Global Utility Tractor Market - 2019-2026|
|出版日期: 2019年11月01日||內容資訊: 英文||
本報告提供全球通用曳引機的市場相關分析，產品的概要和市場基本結構、最新形勢，整體市場趨勢預測 (今後8年份)，各產品種類 (各用途/驅動方式) 及各地區詳細趨勢，主要的推動及阻礙市場要素，市場佔有率結構，主要企業的簡介等相關調查。
Utility tractors are the compact form of agriculture tractor ranging between 40-100 HP and are used for various agriculture operations and non-agriculture purpose.
These tractors are designed for landscaping, digging, snow removal and other domestic property maintenance. Utility tractors feature a rollover protection structure to keep the user safe.
The manufacturers are focusing on technological development in utility tractors for energy-efficient and eco-friendly tractors, due to consumer's demand. Construction equipment manufacturers are trying to incorporate a GPS-based advanced tracking system which will enable a driver to track the location and improve the efficiency of the wheeled utility tractors.
Global Utility tractor market is expected to grow at a CAGR of XX% to reach a market value of USD XXXX million by 2025. The growth in the industry is mainly driven by increasing agriculture production with rising global population.
The primary market players are increasing strategies such as acquisition, partnership, expansion to expand their business. New product developments and launches will further drive the market growth in the coming years.
With the increasing global population, the demand for food and related products have increased over the past few years. To meet the global food demand in 2050, agricultural production is expected to grow by 48.6% globally.
The utility tractor market is growing as the manufacturers are innovating new advanced technology in tractors. For instance, driverless tractors that use GPS maps and electronic sensors have been the latest addition to the Indian agricultural tractor market.
The high cost of raw material is a significant restraint to the utility tractor market globally as high price is a severe threat to vendor margins.
Utility tractors need regular servicing to perform efficiently. Apart from routine servicing, many vendors in the market are unable to provide urgent support if the equipment breaks down on a construction site in a remote area. This leading to customer dissatisfaction and adds to their costs, further increasing the total cost of ownership.
The utility tractor market is segmented into dairy farmland, Hay and Agriculture Products, and Landscaping.
The use of tractors for building, housing development require landscapes, and with the growth in some such projects, there is a rise in the sales of utility tractors that are used for views.
Battery powered tractors are increasingly used in dairy farms due to their low noise operation, emission-free. E.g.: Fendt e100 Vario electric tractor.
High energy requirements of tractors, growing urbanization are resulting in a decrease in sales of utility tractors for agriculture.
The tractor players are introducing driverless tractors, which is trending in the utility tractor market. One of the significant tractor player Mahindra & Mahindra is planning to launch its driverless tractor in 2019 while it would launch a driver assist model in 2018.
The market players are introducing new products and technologies and undergoing acquisitions to be competitive in the market.
In April 2018, Kubota UK has launched the L1361 Compact Utility Tractor, featuring a 36.6vhp three-cylinder Kubota D1803-M-E2 engine, manual or three-range hydrostatic transmission and a 38-liter capacity fuel tank for extended periods of use.
In March 2017: Yanmar Holdings Co., Ltd and the Development Bank of Japan Inc. (DBJ) have acquired an additional interest in International Tractors Limited (ITL), a leading Indian tractor manufacturer, where Yanmar provided ITL with technical guidance since 2005.
In June 2017, John Deere added two compact utility tractors, the 260B Backhoe, and the 120R Loader. For their product that improves the productivity and power needed to complete a variety of applications.
Key market segments covered
BY DRIVE TYPE