The global electric tractors market is among the nascent markets that are anticipated to flourish at a tremendous rate in the forthcoming years. The market research experts employed at Pheonix Research have comprehensively assessed the key aspects that will potentially boost the global electric tractors market. Some of the leading electric tractor market drivers that are thoroughly explicated in the exclusive report are the rising adoption of smart agricultural practices, volatile gasoline prices, and benevolent regulations imposed by the regional authorities. In this contemporary era, farmers utilize highly sophisticated and automated agricultural equipment for sowing, irrigation, plowing, and harvesting. Therefore, a few renowned industries and several emerging companies are in the domain of manufacturing autonomous electric tractors. Moreover, to accomplish the unified goal of zero-carbon emission, the launch of tractors consuming green and renewable energy seems to be a remarkable initiative in the agriculture sector.
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Global Electric Tractor Market is exhibiting a CAGR of 18.25% during the forecast period of 2021 to 2028. Phoenix Research Study on Global Electric Tractor Market provides insight and analysis regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.. Burgeoning environmental concerns have urged agriculturists and cultivators to adopt smoke-free and sustainable agricultural practices, propelling the global electric tractor market. In addition, the rising fuel prices, overpriced maintenance, and strict norms launched by the government to curb CO2 emissions are compelling the farmers to replace their conventional gasoline-powered tractors with advanced electric tractors.
To make the market study intelligible, the market research team at Pheonix Research has bifurcated the global electric tractors market into multifarious segments based on the tractor type, battery type, drivetrain technology, application, powertrain, and regions. The global electric tractor market is categorized into low & medium, and heavy-duty tractors by tractor type. Among the two, the former one, that is low & medium-capacity tractors dominate the market. However, the heavy-duty electric tractors segment is likely to expand at a substantial rate during the forecast period owing to the extensive incorporation of Artificial Intelligence, the Internet of Things (IoT), and Connected Vehicle technologies.
Some of the leading market players that are dominating the global electric tractors market are Electric Tractor Market Includes Alke, AGCO GmbH, Caterpillar Inc., CLAAS KGaA mbH, Cummins, Dongfeng, Escorts Limited, J.C. Bamford Excavators Ltd. (JCB), John Deere, Kubota Corporation, Mercedes-Benz, Mitsubishi Fuso, Motivo Engineering, MTZ Equipment Ltd., Multi Tool Trac BV, Simai, SOLECTRAC, Volkswagen, Yanmar Co. Ltd., and others.
The up-to-date report portrays a comprehensive analysis of the Global Electric Tractor (EV) Market 2021-2027. The projections underlined in the report have been earned using a genuine research approach and reliable speculations.
Key Highlights of the report:
• An impeccable analysis that includes computation of the originator market
• Significant legitimate points that can transform the market status
• Historical, current, and envisage size of the market in terms of both volume and value
• Recent industrial advancements
• Key players and their endorsed business strategies
• In-depth evaluation of the emerging and regional markets
• Valuable recommendations to companies.
The report is an authorized source of credible data on:
• Market segments and sub-segments
• Market size and regional analysis
• Market dynamics and trends
• Current Growth and upcoming opportunities
• Market Drivers and Restraints
• Competitive landscape
• Supply and Demand analysis
• Emerging Technological Development
• Stakeholder and Value chain analysis
Market Segmentation
By Tractor Type
• Light
• Medium
• Heavy-duty
By Battery Type
• Lead Acid
• Lithium-ion
By Drivetrain Technology
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
By Application
• Agriculture
• Construction
• Mining & Transportation
By Powertrain
• Combined Hybrid
• Series Hybrid
• Parallel Hybrid
By Geography
• North America (U.S. and Canada)
• Latin America (Brazil, Chile, Mexico, Peru, and others)
• Middle East & Africa (GCC, North Africa, and Southern Africa)
• Eastern Europe (Russia and Poland)
• Western Europe (France, Germany, Italy, Netherlands, U.K., Belgium, Spain, Nordic countries, and Luxembourg)
• Asia Pacific (India, China, ASEAN, Japan, New Zealand, and Australia) • Rest of the World (RoW)
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