4WD TRACTOR MARKET

KEY FINDINGS

1. Nearly over ~ 97-98% 2WD tractors and only 1-2% of 4WD tractors are sold globally , due to less large farm lands ownership and high flexibility in required work.
2. U.S Total YTD farm tractors out the door were up 17.9% in 2020, and 4wd sales finished up with 3.7% growth .
3. U.S. farm tractor unit sales continue double-digit growth rate in both U.S. and Canada, and inventories continue to fall, after a strong month of April according to the latest data from the Association of Equipment Manufacturers (AEM).
4. Deere & Company reported net income of $1.790 billion for the second quarter ended May 2021 and worldwide net sales and revenues increased 30%, to $12.058 billion, for the second quarter of 2021 and rose 25%, to $21.170 billion, for 6 months.
5. 4WD tractors are more suitable for large farmlands with high flexibility on many farm operations. By 2026, the volumes will grow 50% compared to 2020.
6. It remains to be seen if tractor registrations will confirm this return to pre-COVID levels for the second half of the year and if the lost business for the first half will be even partly recovered.
7. The last few years have seen the rise of 4WD tractors. All four wheels are supplied with power from the transmission which leads to less slippage and improves performance.

INTRODUCTION TO 4WD TRACTOR MARKET

The 4WD tractors are considered as the main energy source for  agricultural  machinery  in  the  large fields,  where various  agricultural  machinery  derives  most  of its  energy in  the tractor whether energy used in the  withdrawal  of  machines  is  used  in  the preparation of soil cultivation and field crops in huge proportion.

About 20  to  55%  of  the  power  of  the 2WD tractors is lost during the interaction of the tire with  the  surface soil  because  of a  slipping and  rolling  resistance,  which  are  the  major factors in power losses as well as the corrosion of  the  tractor  tires  and  compaction  soil  which was  causing  a  drop  in  crop  productivity.

4WD TRACTOR MARKET SEGMENTATION

4WD Tractor Market By Application Type

1. Agriculture
2. Industrial
3. Others

4WD Tractor MarketBy Power Output

1. <100 HP
2. 100-500 HP
3. >500 HP

4WD Tractor Market By Region

1. U.S
2. Europe
3. China
4. India
5. Rest of the World

4WD TRACTOR  MARKET DYNAMICS

India, China and the US are the top 3 tractor markets globally, accounting for ~60% share of global tractor sales. The European farm tractor market retails about 200,000-220,000 units annually.

The 4WD tractors showed a measure of strength in terms of growth in 2020 and it is estimated to have a good rise in 2021 also. Purchasers of these units are the largest farmers and who generate a net income that is more than their living expenses and general production expenses, and have available capital to invest in new equipment.

Almost all 4WD tractors offered in the U.S and Europe are mounted with tracks, to boost the productivity and pulling efficiency and designed to increase traction and reduce soil compaction and slippage. An advanced track system is easier to turn without power loss and will do less soil damage when compared to a twin track system. The high-idler designs and long tracks means they can easily bridge rough terrain so operators enjoy a smoother ride. And the rugged design translates into a lower cost of ownership than other track systems

POPULAR 4WD TRACTOR MODELS, BY REGION

1. INDIA

4WD TRACTOR  MARKET INNOVATION TRENDS

Drivetrain systems and components are anticipated to see many changes regarding size, packaging and gearing as electrification continues to increase. Integrating an electric motor into an axle the design of the axle changes. The final architecture will ultimately impact overall performance of the tractors in different terrains. Axles of 4WD tractors are built for all requirements and conditions and e-axles are developed to overperform compared to conventional drivetrain systems.

Conventional four-wheel drive tractors usually have a fixed torque ratio between the front and rear axle but with the advanced systems, OEMs are developing the systems where torque is distributed over two transmission outputs independently on both axles. With the help of a computer-controlled transmission, torque can be shifted between the axles according to need, resulting in greater traction and a tighter turning circle.

Most standard feature offered in 4WD Tractors is GPS unlock, which provides a plug-n-play of various compatible displays for section control, variable rate, contour-assist, turn-assist and automatic teach-in, which allows for customizing calibrations - a great feature for inexperienced drivers.

ENGINE SPECS OF 4WD TRACTORS, BY REGION

4WD TRACTOR  MARKET SIZE AND FORECAST

The Global 4WD Tractor market is estimated at $XX Billion in 2024, growing at XX% CAGR till 2030.

4WD TRACTOR  MARKET COMPETITIVE LANDSCAPE

Versatile introduced new Delta Track and four-wheel drive models for 2022. The tractors include more power, improved features, newly available options, and an updated appearance. New models, 530, 580 and 620, have a larger cooling package designed to improve airflow and cooling capacity, improved transmission, and advanced hydraulic configuration and options.

Mahindra's 8000 Series Tractors feature a heavy-duty and robust design and simple controls. They lift more than the competition with the highest loader lift capacities in their classes. A standard 540/1000 rpm PTO provides a wide operation range of implements. These models are equipped with an air ride suspension m Comfort seat that comes standard.

CNH Industrial  has entered into an agreement to acquire 100% stake of Raven Industries Inc. The acquisition builds upon a long partnership between the two companies and will further enhance CNH Industrial’s position in the global agriculture equipment market by adding strong innovation capabilities in autonomous and precision agriculture technology.

Case IH introduces the new AFS Connect Setiger series tractor available in Quad trac, Row trac and wheeled configurations from 370-620 hp. The new range will be available in Europe during the second half of 2020, with some specific features for the European market. The CVX Drive, the first continuously variable transmission for an articulated 4WD tractor — automatically balances power and efficiency while delivering an impressive 605 peak-horsepower on the Setiger 540 model to effectively tackle any conditions.

4WD TRACTOR  MARKET COMPANIES PROFILED

1. Mahindra and Mahindra
2. Escorts
3. FPT Industrial
4. John Deere
5. Massey Ferguson
6. Kubota
7. International Harvester
8. Deutz-Fahr
9. Yanmar
10. Zetor
11. VST
12. Swaraj
13. Sonalika
14. Foton
15. First Tractor Company
16. Armatrac
17. Branson
18. Fendt
19. Iseki
20. JCB
21. TYM
22. TAFE
23. New Holland
24. McCormik
25. Landini