Custom Market Insights

The Electric Tractor Market was at US$ 118 Million in 2021 and is growing to approx US$ 250 Million by 2030, with a CAGR growth of 13% between 2022 and 2030.

SANDY, UTAH, UNITED STATES, November 13, 2022 /EINPresswire.com/ -- According to the study, The Global Electric Tractor Market was estimated at USD 118 Million in 2021 and is anticipated to reach around USD 250 Million by 2030, growing at a CAGR of roughly 13% between 2022 and 2030.

Get a sample of the report: https://www.custommarketinsights.com/request-for-free-sample/?reportid=19997

Electric Tractor Market: Overview

The advantages of driving and decoupling loads from the engines enable electric tractors to operate with a high level of efficiency. Additionally, governments worldwide have set a target for the phase-out of vehicles powered by fossil fuels. As a result, vehicle manufacturers are making enormous progress in electric drive technology. The agricultural industry is also gaining ground on this transformation; a number of firms recently released electric tractors to assist electrification.

Electric Tractor Market: Growth Drivers

Electric tractors have numerous advantages over their diesel counterparts, including that they do not release carbon dioxide and have fewer moving parts, making repairs and maintenance more straightforward. The elements above are anticipated to increase the demand for electric tractors, which will fuel the expansion of the electric tractor market globally in the foreseeable future. Furthermore, due to strict pollution standards and renewable energy sources, the agriculture sector should look into e-drive solutions.

During 2022-2030, the expansion of the market for electric tractors is anticipated to be constrained by the availability of substitutes or fuel-based electric tractors. Additionally, electric tractors have several drawbacks, including their slow speed, limited battery technology, and inadequate energy storage.

Report URL: https://www.custommarketinsights.com/report/electric-tractor-market/

Key Insights:

A) As per the analysis shared by our research analyst, the Electric Tractor market is estimated to grow annually at a CAGR of around 13% over the forecast period (2022-2030).
B) In terms of revenue, the Electric Tractor market was valued at around USD 118 Million in 2021 and is projected to reach USD 250 Million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) The Electric Tractor market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
D) The study includes data on the significant market drivers, challenges, and opportunities and their effects.
E) The study elaborates on the SWOT analysis and Porter’s Five Forces model.
F) The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.

Press Release For Electric Tractor Market : https://www.custommarketinsights.com/press-releases/global-electric-tractor-market/

Regional Landscape

Due to the growing demand for compact tractors in the U.S., North America is predicted to lead the global market for electric tractors. However, Europe’s share of the worldwide market for electric tractors is anticipated to increase significantly shortly, helped by consumers’ shifting preferences for electrified vehicles. Throughout the forecast period, Europe is expected to be followed by Asia-Pacific in the global market for electric tractors.

Shortly, the market for electric tractors is predicted to rise significantly in Asia-Pacific, led by India. As a result, the sales of electric tractors are anticipated to expand considerably over the study period. However, the Middle East, Africa, and Latin America are only likely to account for modest portions of the worldwide market.

Get a sample of the report:https://www.custommarketinsights.com/request-for-free-sample/?reportid=19997

Key Players

Alke
Deere & Company
Cummins Inc.
Escorts Limited
Fendt
Motivo Engineering
Kubota Corporation
Solectrac Inc.
Sonalika
Yanmar Holdings Co. Ltd.
Monarch Tractor
AutoNxt Automation Pvt. Ltd.
Celestial
EcoFactor
Ztractor

Directly Purchase a Copy of the Report @ https://www.custommarketinsights.com/checkout/?reportid=19997

The Electric Tractor Market is segmented as follows:

By Battery Type

Lead-Acid Battery
Lithium-Ion Battery
Others

By Drivetrain Technology

Battery Electric Tractor
Hybrid Electric Tractor
Plug-in Hybrid Electric Tractor

By Application

Heavy-Duty Tractor
Medium-Duty Tractor
Light-Duty Tractor

By Geography

North America

The USA
Canada
Mexico
Europe
The UK
Germany
France
Italy
Russia
Rest of Europe

Asia Pacific

China
India
Japan
South Korea
Malaysia
Philippines
Rest of Asia-pacific

Latin America

Brazil
Rest of Latin America
Middle East and Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa

Get a sample of the report:https://www.custommarketinsights.com/request-for-free-sample/?reportid=19997

Take a Look at our other Reports:

Global Hybrid Vehicle Market 2022–2030: https://www.custommarketinsights.com/report/hybrid-vehicle-market/

Global Electric Rickshaw Battery Market 2022–2030: https://www.custommarketinsights.com/report/electric-rickshaw-battery-market/

Global Electric Powertrain Market 2022–2030: https://www.custommarketinsights.com/report/electric-powertrain-market/

Global Electric Motor Market 2022–2030: https://www.custommarketinsights.com/report/electric-motor-market/

Global (BNPL) Buy Now Pay Later Market 2022–2030: https://www.custommarketinsights.com/report/buy-now-pay-later-market/

About Us

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

Get a sample of the report:https://www.custommarketinsights.com/request-for-free-sample/?reportid=19997
Contact Us

Joel John
Custom Market Insights
+1 801-639-9061
joel@custommarketinsights.com
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.