Canada tractor market gross sales to achieve 43k models


CHICAGO, twenty second September, 2022 (Globe Newswire) — The Canadian tractors market will develop at a CAGR of roughly 3.9% throughout 2022-2027, based on the newest analysis report by Arizton. The beneath 50 hp section had the biggest share of the Canada agricultural tractor market in 2021, adopted by the 50-100 hp section with a 21.7% share.

The above 100 HP section contributed the remaining 13.7% share. The penetration and adoption of agricultural mechanization practices throughout Canada has led to a growth in gross sales of recent tractors. Tractors and farm gear are the foremost product classes of the organized agriculture market in Canada.

Canada Tractors Market Report Scope

report properties description
Market Dimension (2028) 43,766 models
Market Dimension (2021) 33,463 models
CAGR (2022-2028) 3.9%
base yr 2021
forecast yr 2022-2028
market segments Horsepower, Drive Kind, and Province
largest quantity by horsepower lower than 50 hp
largest section by zone Prairie Province
main vendor John Deere, CNH Industrial, AGCO, and Kubota

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In Canada, agricultural tractor registrations elevated by 19.4% from 2020 to 2021. In 2021, over 33k models of tractors had been registered. Farmers planning to spend money on agricultural equipment within the coming months fast-tracked their funding plans because of the expectation of excessive inflation and low worth of monetary devices. In the meantime, only some new mannequin automobiles can be found within the second-hand market, which is positively impacting the demand for brand new tractors. John Deere and New Holland dominated the Canadian agricultural tractor market with a collective market share of over 50%. The danger of rivalry within the Canadian agricultural tractor market is excessive because the top-three main gamers maintain greater than 50% share.

The market competitors is predicted to additional intensify in the course of the forecast interval with improve in product/service enlargement, technological improvements and M&A. Arizton believes that international gamers will develop sooner or later by partnering with regional or native gamers on a technology-sharing foundation. As well as, firms with higher technical and monetary sources can develop revolutionary merchandise. This will threaten opponents’ merchandise and make their merchandise uncompetitive or out of date earlier than they’ll recuperate their R&D and commercialization prices. Due to this fact, distributors should develop new applied sciences and sustain with upcoming applied sciences to realize a aggressive benefit over different distributors.

Main Choices:

  • Forecast by market dimension and income | 2022−2027
  • Market Dynamics – Main Tendencies, Development Drivers, Constraints & Funding Alternatives
  • Segmentation – detailed evaluation by horsepower, drive sort and provinces
  • Aggressive Panorama – 4 Main Firm Profiles and seven Different Main Distributors

50. fewer hp tractor is gaining traction

Tractors Under 50 HP Agricultural tractor market in Canada witnessed greater development as in comparison with different segments.

Tractors within the beneath 50 HP class are compact tractors. These tractors with their small body are perfect for small scale farmers with comparatively greater cropping depth as in comparison with marginal farmers. Compact tractors are extensively utilized by farmers engaged in row-crop farming and horticulture. People with eager curiosity in rising natural meals on a small scale additionally use these tractors. Small scale farms require small tractors to arrange the soil all through the fields together with the corners.

The Authorities of Canada focuses on rising agricultural manufacturing within the Prairie Province because the province has a lot of small farms, which is predicted to extend the capability of fifty hp tractors because of the nature of crop cultivation and fragmentation of land-holding buildings. . Due to this fact, the Prairie Province and Central Canada are the leaders within the adoption of tractors beneath 50 hp.

main vendor

  • john deere
  • CNH Industrial
  • agco
  • Kubota

different main distributors

  • Mahindra & Mahindra
  • deuce-far
  • KIOTI
  • class group
  • JCB
  • yanmaro
  • Arbos Group

market segmentation

horse energy

  • lower than 50 hp
  • 50−100 hp
  • above 100 hp

drive sort

  • 2-wheel-drive
  • 4 wheel drive

areas

  • Canada
    • Atlantic Province
    • central canada
    • Prairie Province
    • Western coast

desk of content material
1 Analysis Methodology
2 Analysis Aims
3 Analysis Course of

4 Scope and Protection
4.1 Definition of Market
4.1.1 Inclusion:
4.1.2 Exclusions
4.1.3 Market Prediction Alert
4.2 Base 12 months
4.3 Scope of research

5 Report Estimates and Warnings
5.1 KEY WARNING
5.2 Forex Conversion
5.3 Market Derivation

6 Markets at a Look
7 Premium Insights

8 Introduction
8.1 Overview
8.2 Worth Chain Evaluation
8.2.1 Overview
8.2.2 Uncooked Materials and Part Suppliers
8.2.3 Producer
8.2.4 Sellers/Distributors
8.2.5 Retailers
8.2.6 Finish Person
8.3 Improve in adoption of precision farming
8.4 Authorities help to farmers
8.5 ROLE OF MECHANIZATION IN AGRICULTURE SECTOR
8.6 Agricultural Land Holding Buildings
8.7 Import and Export Evaluation
8.8 TECHNICAL PROGRESS

9 Market Situation
9.1 Market Overview
9.1.1 Labor Scarcity within the Agriculture Sector
9.2 Market Dimension and Forecast

10 hp
10.1 Market Snapshot and Development Engine
10.2 Market Overview
10.3 Lower than 50 HP
10.3.1 Market Overview
10.3.2 Market Dimension and Forecast
10.3.3 Beneath 50 HP Agricultural Tractor Market by Province of Canada
10.4 50-100 HP
10.4.1 Market Overview
10.4.2 Market Dimension and Forecast
10.4.3 50-100HP Agricultural Tractor Market by Province of Canada
10.5 Over 100 HP
10.5.1 Market Overview
10.5.2 Market Dimension and Forecast
10.5.3 Above 100HP Agricultural Tractor Market by Canada Province

11 drive sorts
11.1 Market Snapshot and Development Engine
11.2 Market Overview
11.2.1 Market Dimension and Forecast
11.3 2-WHEEL DRIVE
11.3.1 Market Overview
11.3.2 Market Dimension and Forecast
11.3.3 Canada 2-Wheel Drive Agricultural Tractor Market by Province
11.4 4-WHEEL DRIVE
11.4.1 Market Overview
11.4.2 Market Dimension and Forecast
11.4.3 Canada 4-Wheel Drive Agricultural Tractor Market by Province

12 provinces
12.1 Market Snapshot and Development Engine
12.2 Market Overview
12.3 Atlantic Provinces
12.3.1 Market Overview
12.3.2 Market Dimension and Forecast
12.3.3 Canada Atlantic Province Agricultural Tractor Market by HP
12.3.4 Canada Atlantic Province Agricultural Tractor Market by Drive Kind
12.4 Central Canada
12.4.1 Market Overview
12.4.2 Market Dimension and Forecast
12.4.3 Central Canada Agricultural Tractor Market by HP
12.4.4 Central Canada Agricultural Tractor Market Drive By Kind
12.5 Prairie Province
12.5.1 Market Overview
12.5.2 Market Dimension and Forecast
12.5.3 Canada Prairie Province Agricultural Tractor Market by HP
12.5.4 Drive sort by Canada Prairie Province Agricultural Tractor Market
12.6 West Coast
12.6.1 Market Overview
12.6.2 Market Dimension and Forecast
12.6.3 Canada West Coast Agricultural Tractor Market by HP
12.6.4 Canada West Coast Agricultural Tractor Market Drive By Kind

13 Market Alternatives and Tendencies
13.1 Growth of Good and Autonomous Tractors
13.1.1 GPS Expertise
13.1.2 Excessive Demand for Autonomous Tractors
13.2 Effectivity of Electrical Tractors
13.3 Use of Alternate Gasoline Based mostly Tractors

14 Market Development Supporters
14.1 Monetary help to farmers by means of loans and subsidies
14.2 Improve in Agricultural Mechanization
14.3 Improve in Agricultural Productiveness and Exports
14.3.1 Agricultural Exports

15 Market Restrictions
15.1 IMPACT OF CLIMATE CHANGE ON AGRICULTURAL ACTIVITIES
15.2 Fluctuations in the price of uncooked supplies
15.2.1 Value to Producers
15.2.2 Value to Farmers
15.3 Excessive Demand for Used and Rental Tractors
15.4 Evaluation of the 5 Forces
15.4.1 Threatening New Entrants
15.4.2 Bargaining Energy of Suppliers
15.4.3 Bargaining Energy of Patrons
15.4.4 Menace of Substitution
15.4.5 Aggressive Rivalry

16 Aggressive Landscapes
16.1 Competitors Overview
16.1.1 Current Developments by High Manufacturers
16.1.2 Model Loyalty
16.1.3 Gross sales and Exports

17 Main Firm Profiles
17.1 John Deere
17.1.1 Enterprise Overview
17.1.2 John Deere within the Agricultural Tractor Market
17.1.3 Product Providing
17.1.4 Key Methods
17.1.5 Main Powers
17.1.6 Main Alternatives
17.2 CNH Industrial
17.2.1 Enterprise Overview
17.2.2 CNH Industrial in Agricultural Tractor Market
17.2.3 Product Providing
17.2.4 Key Methods
17.2.5 Main Powers
17.2.6 Main Alternatives
17.3 AGCO
17.3.1 Enterprise Overview
17.3.2 Agco within the Agricultural Tractor Market
17.3.3 Product Providing
17.3.4 Key Methods
17.3.5 Main Powers
17.3.6 Main Alternatives
17.4 Kubota
17.4.1 Enterprise Overview
17.4.2 Kubota in Agricultural Tractor Market
17.4.3 Product Providing
17.4.4 Key Methods
17.4.5 Main Powers
17.4.6 Main Alternatives

18 different main sellers
18.1 deutz-far
18.1.1 Enterprise Overview
18.1.2 Product Providing
18.2 Mahindra and Mahindra
18.2.1 Enterprise Overview
18.2.2 Product Providing
18.3 Kiotie
18.3.1 Enterprise Overview
18.3.2 Product Providing
18.4 CLASS GROUP
18.4.1 Enterprise Overview
18.4.2 Product Providing
18.5 JCB
18.5.1 Enterprise Overview
18.5.2 Product Providing
18.6 Yanamari
18.6.1 Enterprise Overview
18.6.2 Product Providing
18.7 Arbos Group
18.7.1 Enterprise Overview
18.7.2 Product Providing

19 Report Abstract
19.1 Affect of COVID-19 on Canada’s Agriculture Sector
19.2 Main Measures
19.3 Strategic Suggestions

20 Quantitative Abstract
20.1 horsepower
20.2 Drive Kind
20.3 Provinces
21 Appendix
21.1 Abbreviations

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