More than 32,275 Units of Tractors to be Sold in Canada by 2029 - Exclusive Research Report by Arizton

CHICAGO, March 13, 2024 /PRNewswire/ -- According to Arizton's latest research report, the Canada tractors market is growing at a CAGR of 2.50% during 2023-2029.

To Know More, Click: https://www.arizton.com/market-reports/canada-tractors-market

Canada Tractors Market Report Scope

Tractors completely revolutionized the agriculture industry in the last decade. They were mainly used to pull arming equipment and help in farming. However, tractors are more than just robust machines now. They are self-driven, application-controlled, fuel-efficient, and user-friendly machines. The tractor industry is highly competitive, and companies constantly try to differentiate their products from competitors' products at affordable prices. Currently, tractors are equipped with cutting-edge technologies that gather and use for analytics and actual applications. GPS and remote sensing make farming accurate and productive. A new frontier of innovation emerged as agriculture met digital technology, opening various paths to a smart agricultural future. Tractor manufacturers are competitive, and companies constantly strive to innovate and ensure product differentiation at affordable prices. State-of-the-art technology-based tractors are currently available on the Canada market.

Less than 25 HP Tractors Gaining Momentum in the Canada Tractor Market

The less than 25 HP segment of tractors accounts for the largest market share in the Canada agriculture tractor market. The market sales will reach shipments of 10,005 units by 2029.

Tractors with low engine power take up less space and are more versatile because their engines have a capacity of less than 1,500 cc. Manufacturers are more likely to experiment with or modify such tractors before moving on to high-powered ones due to the ease of customization. These tractors are small, weigh less than 4,000 lb, and have a PTO HP of less than 25. Low-HP tractors like river basins are ideal in soft soil conditions. Tractors with less than 25 HP are primarily used for agricultural purposes.

The less than 25 HP tractors are best suited for inter-culture operations and in and around crops with softer stems and low-rise plants. Compact tractors can be used for pesticide spraying.

Recent Developments in the Canada Tractors Market

• In April 2023, Mahindra & Mahindra launched a new tractor platform, OJA, under which the company will roll out 40 tractor models.
• John Deere announced MY24 updates for its 7, 8, and 9 Series Tractors lineup in March 2023, which will help prepare them for the future of precision agriculture.
• AGCO launched the latest Fendt 700 Vario series tractors in August 2022, featuring an upgraded powertrain with VarioDrive transmission and Fendt iD low engine speed concept. This new generation aims to enhance efficiency and productivity for customers.
• In June 2022, the CLAAS AXION 900 series of large tractors for contractors and big farms, the new AXION 900 series, will be equipped as standard with the updated, continuously variable ZF Terramatic transmission.
• In March 2022, John Deere launched the new electric variable transmission (EVT) for select 8 Series Tractors and a new JD14X engine for 9 Series.

Acquisitions

• Acquisition of Wirtgen Group by John Deere (2017)
• Acquisition of Raven Industries by CNH Industrial (2021)
• Acquisition of AgJunction by Kubota (2021)

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Key Company Profiles

• John Deere
• CNH Industrial
• AGCO
• Kubota
• Mahindra

• CLAAS
• Same Deutz-Fahr
• Buhler Industries
• Yanmar
• Solis
• Kioti
• Arbos
• Antonio Carraro
• MTW Holdings
• JCB
• Zetor

Market Segmentation

Horsepower

• Less than 25 HP
• 25–35 HP
• 36–45 HP
• 46–65 HP
• 66-100 HP
• Above 100 HP

Drive Type

• 2-Wheel-Drive
• 4-Wheel-Drive

Region

• Canada
• Prairie Province
• Ontario
• Quebec
• Others

Why Should You Buy this Report?

This report is among the few in the market that offer outlook and opportunity analyses forecast in terms of:

• Market Size & Forecast Volume (units) 2020–2029
• Segmentation by Horsepower
• Segmentation by Drive Type
• Segmentation by Geography
• Production and trade values
• Major current and upcoming projects and investments
• Competitive intelligence about the economic scenario, advantages, industry dynamics, and shares
• Innovative technologies
• Market share by each HP segment
• Market share by each country
• Company profiles of major and other prominent vendors
• Market shares of major vendors

Key Questions Answered in the Report:  
What are the expected units sold in the Canada tractors market by 2029?
What is the growth rate of the Canada tractors market?
How big is the tractor market in Canada?
Which region holds the largest Canada tractor market share?
Who are the key companies in the Canada tractors market?

Get the Detailed TOC @ https://www.arizton.com/market-reports/canada-tractors-market

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