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Last Updated: Apr 26, 2025 | Study Period: 2024-2030
Transport in the future will be electric or perhaps hydrogen-powered. The farming industry is changing as a result of the introduction of electric vehicles. Farmers all across the world are maximising the new resources at their disposal as electric vehicles become more affordable.
Electric tractors have been developed by a number of original equipment manufacturers (OEMs). The shift from fossil fuel-powered tractors to electric tractors has been accelerated by the enhanced flexibility, lower costs, and eco-friendly characteristics.
The UK Electric Tractor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024 to 2030.
A notable advancement in agricultural engineering and the next generation of tractors is the Farmtrac FT25G electric small tractor. For farmers, landowners, and business owners wishing to lessen their carbon footprint without sacrificing production, the FT25G offers the ideal sustainable energy choice.
It has a 72V lithium-ion battery and an integrated charger, and it can operate for up to seven hours after being fully charged in eight hours using any domestic outlet.
In the UK, Maxus will introduce an all-electric tractor with a maximum driving distance of 560 kilometres. The designs for a 4x2 tractor unit research vehicle, which will go through trials in the UK next year before production vehicle deliveries start, were developed by Harris Group, the Maxus range's UK distributor.
The vehicle's pre-production testing is expected to attract interest from a number of prominent own-account operators. Using the unique exception for electric vehicles, the 4x2 tractor is anticipated to be plated at 42 tonnes rather than 40 tonnes for a 5-axle combination. Lower GCW vehicles with 18- and 26-ton plated weights.
The US-based electric vehicle and clean energy business Tesla has partnered with Defra to create electric tractors that will benefit farmers' bottom lines and the environment. Tesla was chosen by the government because it has access to the best batteries available and its vehicles have the greatest range.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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