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Which power output range of tractors is expected to dominate in the future?
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31–70 hp farm tractors is estimated to hold the largest share in tractors market, by power output
The 31–70 hp segment of farm tractors is estimated to account for the largest market share in 2018 due to the high demand for small and mid-range tractors in the countries of Asia Oceania and North America such as China, India, and the US. In 2018, these countries together held almost 80–85% share of farm tractors in the global tractor market. Further, according to Agri-evolution Tractor Market Report, the 30–50 HP segment accounted for about 80% of the total agricultural tractor sales in India in 2015 due to the investment capability of farmers. According to MarketsandMarkets analysis, this segment accounted for about 40–45% of the total sales in the US in 2016. These factors have contributed to the largest share of the 31–70 HP segment in the global farm tractor market.
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