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PUBLISHER: IMARC | PRODUCT CODE: 1636352
PUBLISHER: IMARC | PRODUCT CODE: 1636352
Low HP Tractor Market by Horsepower Type (Below 40 HP, Above 40 HP), Wheel Drive (Two Wheel Drive, Four Wheel Drive), Application (Farming, Horticulture, and Others), and Region 2025-2033
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PAGES: 136 Pages
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The global low HP tractor market size reached 2,809.9 Thousand Units in 2024. Looking forward, IMARC Group expects the market to reach 4,224.8 Thousand Units by 2033, exhibiting a growth rate (CAGR) of 4.4% during 2025-2033. The thriving agriculture industry, rising adoption of horticulture, and the increasing development of innovative agriculture equipment represent some of the key factors driving the market.
Low horsepower (HP) tractors are used for mowing, plowing, and pulling small trailers in small lands, gardens, and yards. They comprise a spinning drive shaft that permits attachments, such as mowers, loaders, sprayers, drills, rotary sweepers, seed drills, and backhoes, to pull power from the engine to operate. They also include wide rear track widths and comfortable and adjustable chairs to trim trees and pick low-hanging fruits. Low HP tractors are specially designed to produce potato, cotton, paddy, rice, onion, apple, and mango. They are convenient to use and offer powerful engines to enhance small-scale field cultivation. They are highly versatile and improve work efficiency in clay soil to perform various tasks like bailing. As they are cheaper and safer for farmers due to less fuel consumption and easy maneuvering, the demand for low HP tractors is rising across the globe.
Low HP Tractor Market Trends:
At present, there is a rise in the development of innovative agriculture equipment to meet the surging demand for food around the world. This, along with the thriving agriculture industry, represents one of the key factors supporting the growth of the market. Besides this, the growing adoption of advanced technology by farmers, such as global positioning systems (GPS) and telematics, in their tractors to enhance agricultural productivity is positively influencing the market. In addition, rising incidences of droughts, flash floods, unpredictable rainfall, and temperature fluctuations are catalyzing the demand for low HP tractors across the globe. Moreover, there is an increase in the adoption of precision farming by observing, measuring, and responding to inter and intra-field variability in crops. This, coupled with the growing trend of the pay as per use model in the agriculture industry that enables small-scale farmers to use innovative machines at affordable rates, is offering a favorable market outlook. Apart from this, governing agencies of several countries are establishing custom hiring centers that help in the adoption of climate-resilient practices and technologies across farms. They are also focusing on promoting farm mechanization, which is strengthening the growth of the market. Additionally, the rising adoption of row-crop farming structure and horticulture, along with the increasing number of small-scale farmers across the globe, is bolstering the growth of the market.
Key Market Segmentation:
Horsepower Type Insights:
- Below 40 HP
- Above 40 HP
Wheel Drive Insights:
- Two Wheel Drive
- Four Wheel Drive
Application Insights:
- Farming
- Horticulture
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for low HP tractors. Some of the factors driving the Asia Pacific low HP tractor market included the growing demand for agriculture mechanization, increasing small farm sizes, and government initiatives promoting agricultural productivity.
- Competitive Landscape
- The report has also provided a comprehensive analysis of the competitive landscape in the global low HP tractor market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies include Action Construction Equipment Ltd., AGCO Corporation, Argo S.p.A., CNH Industrial N.V., Daedong Industrial, Deere & Company, Force Motors Ltd., Kubota Corporation, Mahindra & Mahindra Limited, Sonalika Group, Tractors and Farm Equipment Limited, Tumosan, Zetor Tractors a.s., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global low HP tractor market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global low HP tractor market?
- What are the key regional markets?
- Which countries represent the most attractive low HP tractor markets?
- What is the breakup of the market based on the horsepower type?
- Which is the most attractive horsepower type in the low HP tractor market?
- What is the breakup of the market based on the wheel drive?
- Which is the most attractive wheel drive in the low HP tractor market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the low HP tractor market?
- What is the competitive structure of the global low HP tractor market?
- Who are the key players/companies in the global low HP tractor market?
Product Code: SR112025A7371
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Low HP Tractor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Horsepower Type
- 6.1 Below 40 HP
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Above 40 HP
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Wheel Drive
- 7.1 Two Wheel Drive
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Four Wheel Drive
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Farming
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Horticulture
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Others
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Action Construction Equipment Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 AGCO Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Argo S.p.A.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CNH Industrial N.V.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Daedong Industrial
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Deere & Company
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Force Motors Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Kubota Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Mahindra & Mahindra Limited
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Sonalika Group
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Tractors and Farm Equipment Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Tumosan
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.13 Zetor Tractors a.s.
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.1 Action Construction Equipment Ltd.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Product Code: SR112025A7371
List of Figures
- Figure 1: Global: Low HP Tractor Market: Major Drivers and Challenges
- Figure 2: Global: Low HP Tractor Market: Volume Trends (in 000 Units), 2019-2024
- Figure 3: Global: Low HP Tractor Market Forecast: Volume Trends (in 000 Units), 2025-2033
- Figure 4: Global: Low HP Tractor Market: Sales Value (in Billion USD), 2019-2024
- Figure 5: Global: Low HP Tractor Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 6: Global: Low HP Tractor Market: Breakup by Horsepower Type (in %), 2024
- Figure 7: Global: Low HP Tractor Market: Breakup by Wheel Drive (in %), 2024
- Figure 8: Global: Low HP Tractor Market: Breakup by Application (in %), 2024
- Figure 9: Global: Low HP Tractor Market: Breakup by Region (in %), 2024
- Figure 10: Global: Low HP Tractor (Below 40 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Low HP Tractor (Below 40 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Low HP Tractor (Above 40 HP) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Low HP Tractor (Above 40 HP) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Low HP Tractor (Two Wheel Drive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Low HP Tractor (Two Wheel Drive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Low HP Tractor (Four Wheel Drive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Low HP Tractor (Four Wheel Drive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Low HP Tractor (Farming) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Low HP Tractor (Farming) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Low HP Tractor (Horticulture) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Low HP Tractor (Horticulture) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Low HP Tractor (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Low HP Tractor (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: North America: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: North America: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: United States: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: United States: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Canada: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Canada: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Asia-Pacific: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Asia-Pacific: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: China: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: China: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Japan: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Japan: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: India: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: India: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: South Korea: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: South Korea: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Australia: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Australia: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: Indonesia: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: Indonesia: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Others: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Others: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Europe: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Europe: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Germany: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Germany: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: France: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: France: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: United Kingdom: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: United Kingdom: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Italy: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Italy: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Spain: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Spain: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Russia: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Russia: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Others: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Others: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Latin America: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Latin America: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Brazil: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Brazil: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Mexico: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Mexico: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Others: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Others: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Middle East and Africa: Low HP Tractor Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Middle East and Africa: Low HP Tractor Market: Breakup by Country (in %), 2024
- Figure 72: Middle East and Africa: Low HP Tractor Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Global: Low HP Tractor Industry: Drivers, Restraints, and Opportunities
- Figure 74: Global: Low HP Tractor Industry: Value Chain Analysis
- Figure 75: Global: Low HP Tractor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Low HP Tractor Market: Key Industry Highlights, 2024 & 2033
- Table 2: Global: Low HP Tractor Market Forecast: Breakup by Horsepower Type (in Million USD), 2025-2033
- Table 3: Global: Low HP Tractor Market Forecast: Breakup by Wheel Drive (in Million USD), 2025-2033
- Table 4: Global: Low HP Tractor Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Low HP Tractor Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Low HP Tractor Market: Competitive Structure
- Table 7: Global: Low HP Tractor Market: Key Players
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