Japan Agricultural Tractor Market Size & Outlook
Japan agricultural tractor market, 2018-2030 (US$M)
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Japan agricultural tractor market highlights
- The Japan agricultural tractor market generated a revenue of USD 1,281.7 million in 2023 and is expected to reach USD 1,864.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, more than 100 hp was the largest revenue generating engine power in 2023.
- Less than 40 Hp is the most lucrative engine power segment registering the fastest growth during the forecast period.
Agricultural tractor market data book summary
| Market revenue in 2023 | USD 1,281.7 million |
| Market revenue in 2030 | USD 1,864.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | More than 100 hp |
| Fastest growing segment | Less than 40 Hp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 Hp, 41 to 100 Hp, More than 100 Hp |
| Key market players worldwide | AGCO Corp, CNH Industrial NV, Deere & Co, CLAAS, Kubota Corp, Mahindra & Mahindra Ltd DR, International Tractors Ltd, Yanmar, Escorts, Tractors and Farm Equipment |
Other key industry trends
- In terms of revenue, Japan accounted for 1.2% of the global agricultural tractor market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India agricultural tractor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 78,205.1 million by 2030.
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan agricultural tractor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agricultural tractor market will help companies and investors design strategic landscapes.
More than 100 hp was the largest segment with a revenue share of 39.15% in 2023. Horizon Databook has segmented the Japan agricultural tractor market based on less than 40 hp, 41 to 100 hp, more than 100 hp covering the revenue growth of each sub-segment from 2018 to 2030.
Advanced technology, precision farming practices, and a strong focus on innovation characterize the agricultural tractors market in Japan. With the limited availability of arable land, Japan focuses on efficient and high-tech farming machinery, and tractors play a crucial role in enhancing agricultural productivity.
Major market players such as Kubota Corporation and Yanmar Co., Ltd. are well known for manufacturing compact and versatile tractors tailored to the specific needs of Japanese farmers.
Factors such as government support, modernization initiatives, and a commitment to sustainable agriculture positively influence the growth of the market. Japan imports a significant portion of food due to its extensive population.
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Our clientele includes a mix of agricultural tractor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan agricultural tractor market , including forecasts for subscribers. This country databook contains high-level insights into Japan agricultural tractor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan agricultural tractor market size, by engine power, 2018-2030 (US$M)
Japan Agricultural Tractor Market Outlook Share, 2023 & 2030 (US$M)
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