PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531108
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1531108
Market Overview
In 2024, the orchard tractor industry generated revenue of USD 12.6 billion, which is projected to experience a CAGR of 4.4% over the projection period, to attain USD 16.4 billion by the end of 2030. Orchard tractors offer a substantial power output and the effectiveness to work through narrow spaces in orchards.
New technologies such as use of GPS, precision farming and automation have brought in remarkable changes in the manner in which the orchards are managed. With a computer and other mobile devices, farmers can now access and control the machinery of their orchard tractors. These vehicles enable operational flexibility since farmers can assess the status of the field operations or fix functional settings and other challenges at will.
Machines like the robots are useful in areas such as pruning, thinning, and even sorting to enhance efficiency. Compact tractors equipped with extended sensors and artificial intelligence can patrol orchards without a driver, identify fruits ready for harvesting and perform sophisticated operations with high precision and speed. This in turn saves labour cost and improve the profit margin for the horticulturist.
From this perspective, it can be seen that the market for orchard tractors is strongly affected by the increasing production and consumption of fruits and nuts worldwide. Both large and small-scale farmers are likely to want to increase output and efficiency in their approaches to managing their orchards, due to increasing consumer demand for such agricultural products. In achieving these goals, orchard tractors are very essential vehicles to own.
Key Insights
Product Type:
20-30hp category led the market in 2024 in terms of revenue.
Projected to grow at the highest CAGR of 4.8% during the forecast period.
Suitable for day-to-day farm activities and road transportation.
Offers a comfortable driving experience and can handle tasks in medium-sized orchards.
Cost-effective and adaptable for various tasks in vineyards and orchards.
Application:
Fruit orchard category held the largest market share in 2024 at 55%.
Expected to witness the fastest growth during the forecast period.
Wide range of fruits, such as apples and oranges, require modern equipment for harvesting.
Orchard owners are expanding businesses to meet rising demand for fresh fruits as customer preferences shift to healthier diets.
Geography:
North America dominates the global orchard tractor market, generating 50% of global revenue in 2024.
Constant rise in labor wages due to labor shortages for fruit and vegetable plantation and harvesting.
Presence of a significant number of major market players in the region.
Asia-Pacific is the fastest-growing market, with an expected CAGR of 5.0% during the forecast period.
Rising fruit consumption and adoption of modern agricultural techniques in the region.
Expanding horticulture sector in Latin America and Africa provides opportunities for market expansion.