Two-wheel Tractors Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0185606
  • Format: Electronic (PDF)
  • Number of Pages: 211
  • Author(s): Joshi, Madhavi

Report Overview

The Two-wheel Tractors Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Two-wheel Tractors Market

(Market Size)
$650 million
$1.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 650 million
2030 Market Size USD 1.1 billion
Key Players Kubota, Yanmar, Iseki, TYM, BCS Group

Market Summary

The two-wheel tractor market represents a critical segment within the agricultural machinery industry, characterized by its focus on versatile, compact, and highly maneuverable equipment designed for small to medium-scale farming operations. These machines, also commonly referred to as walk-behind tractors or power tillers, serve as multifunctional power sources capable of operating a wide array of implements, from rotary tillers and moldboard plows to trailers and mowers. The market is driven by the persistent demand for affordable mechanization solutions, particularly in regions dominated by fragmented land holdings and in sectors like horticulture, landscaping, and specialty crop cultivation. These tractors bridge the gap between manual labor and the high capital investment required for larger four-wheel tractors, offering an efficient solution for soil preparation, transportation, and various crop management tasks. The global landscape for two-wheel tractors is diverse, with significant production and consumption hubs across Asia, Europe, and North America, each with distinct preferences for power, features, and attached implements based on local agricultural practices and economic conditions.

Key Highlights

The two-wheel tractor market is distinguished by several key factors that underscore its importance and growth trajectory. A primary highlight is the exceptional versatility and adaptability of these machines. A single two-wheel tractor power unit can be transformed into a plowing, tilling, hauling, or mowing machine simply by changing the attached implement, offering tremendous value and utility for cost-conscious farmers and landscapers. This modularity is a significant competitive advantage. Furthermore, the market is witnessing a notable technological evolution, with leading manufacturers incorporating features such as electric start systems, enhanced transmission options for easier operation, and improved ergonomics to reduce operator fatigue. The push towards more sustainable agricultural practices is also influencing the market, with developments in battery-electric two-wheel tractors beginning to emerge, catering to environmentally conscious users and applications in organic farming or enclosed spaces like greenhouses where emissions are a concern. The robust and simple mechanical design ensures longevity and ease of repair, which is a critical factor for adoption in developing agricultural economies with limited service networks.

Drivers, Opportunities & Restraints

The growth of the two-wheel tractor market is propelled by several powerful drivers. The most significant is the increasing need for farm mechanization to enhance productivity and address rising labor costs and shortages, particularly in Asia-Pacific and other developing regions. The affordability and operational cost-effectiveness of two-wheel tractors compared to larger machinery make them an accessible entry point into mechanization for smallholder farmers. Government subsidies and support programs in various countries aimed at modernizing agricultural practices further act as a strong market driver. Key opportunities for market expansion lie in the development and promotion of advanced, sustainable models, including electric and hybrid powertrains, which align with global sustainability trends. There is also significant potential in introducing these versatile machines to new application areas beyond traditional farming, such as in municipal maintenance, large-scale gardening, and estate management. However, the market faces certain restraints. A primary challenge is the strong competition from low-cost, used four-wheel tractors in some markets, which can be perceived as offering more capability for a similar investment. Furthermore, the fragmentation of land in many regions, while a driver for adoption, can also limit the practical field size where these tractors are most effective, potentially capping their utility.

Concentration Insights

The two-wheel tractor market exhibits a concentrated competitive landscape dominated by a mix of long-established specialized manufacturers and larger agricultural machinery corporations that have expanded their product portfolios. The market concentration is notably high in Europe and Asia, where specific companies have built strong brand loyalty and extensive distribution networks over decades. Key players such as BCS Group and Grillo S.p.A. from Italy have a profound influence on market trends, setting standards for durability, performance, and implement compatibility. These companies often compete on the basis of engineering excellence, a wide range of compatible implements, and superior build quality. In the Asian market, companies like Mitsubishi Heavy Industries and V.S.T Tillers & Tractors Ltd. hold significant market share, often competing on price-point, fuel efficiency, and suitability for local crop conditions and farming techniques. This concentration means that innovation and new product development are largely led by these established players, though smaller regional manufacturers continue to serve niche segments with customized solutions.

Type Insights

The two-wheel tractor market can be segmented by type, primarily distinguished by power output and specific design features catering to different applications. The most common categorization is based on engine power, with models typically ranging from below 5 HP for very light-duty gardening work to powerful units exceeding 15 HP capable of handling heavy-duty implements and working in challenging conditions. Lower horsepower models are immensely popular for small-scale farming, kitchen gardens, and landscaping tasks due to their lightweight, easy maneuverability, and lower purchase cost. Mid-range horsepower tractors represent the most versatile and widely adopted segment, offering a balance of power and agility for primary and secondary tillage, transportation, and other common farm chores. High-power models are engineered for demanding professional applications, including commercial vegetable production, orcharding, and use with heavy implements like rotary plows and large trailers. Another key differentiation is between dedicated single-function machines, like basic tillers, and true multi-functional two-wheel tractors designed with a standard power take-off (PTO) and three-point hitch system to operate numerous attachments.

Application Insights

The application of two-wheel tractors is vast and extends across numerous sectors within and beyond agriculture. In the agricultural domain, their primary application remains soil preparation, including plowing, tilling, and bed forming, which is fundamental for crop establishment. They are indispensable in horticulture and floriculture for tasks in greenhouses, nurseries, and small plots where larger machinery cannot operate. Their use in crop maintenance, such as weeding, spraying, and fertilizing, is also significant, with specific attachments designed for these precise tasks. Beyond core farming, two-wheel tractors have found substantial application in landscaping and ground maintenance for parks, sports fields, and large residential properties, where they are used for mowing, aerating, and dethatching. They are also widely used for light transportation and hauling materials around a farm or worksite using towed trailers. Furthermore, specialized applications include snow removal with rotary brooms or blowers in colder climates and utility tasks like powering water pumps or generators, showcasing their role as a multi-purpose mobile power source.

Regional Insights

The demand and characteristics of the two-wheel tractor market vary significantly across different global regions, influenced by agricultural practices, farm structures, and economic development. The Asia-Pacific region dominates the global market in terms of volume consumption, driven by countries like India, China, Japan, and Thailand where small and marginal farms are prevalent. In these regions, two-wheel tractors are a fundamental tool for cultivation, and local manufacturers are highly responsive to market needs for affordable, diesel-powered, and robust machines. Europe represents a mature market characterized by demand for high-quality, advanced, and versatile machines from premium manufacturers like BCS and Grillo. Here, the focus is on professional agriculture, particularly in vineyards, orchards, and on sloping lands, as well as sophisticated landscaping. North America has a smaller but stable market, with demand centered on commercial horticulture, organic farming, and hobby farming, with a growing interest in electric and compact equipment. Latin America and Africa are emerging markets with strong growth potential, as mechanization gradually increases to improve agricultural productivity and efficiency.

Company Insights

The competitive landscape of the two-wheel tractor market features a blend of specialized manufacturers and broader agricultural equipment giants. Leading companies have established their dominance through technological innovation, product reliability, and a comprehensive offering of implements. BCS Group, an Italian manufacturer, is a globally recognized leader known for its premium, durable, and highly versatile tractors and its extensive range of over 50 compatible implements. Grillo S.p.A., another major Italian player, competes closely with a strong reputation for engineering and a wide product portfolio. From Japan, Mitsubishi Heavy Industries Agricultural Machinery Co. is a key supplier, particularly in Asian markets, offering dependable and efficient models. Kubota, though more famous for its four-wheel tractors, also has a presence in this segment with its walk-behind power tillers. India-based V.S.T Tillers & Tractors Ltd. is a significant volume player, producing a large number of tillers and tractors for the domestic and international markets. Other notable companies include Ferrari Costruzioni Meccaniche and Agria Werke GmbH, each catering to specific regional and application niches with specialized equipment.

Recent Developments

The two-wheel tractor market has been active with recent developments focused on enhancing product capability, user experience, and environmental sustainability. A prominent trend among leading manufacturers is the integration of more sophisticated transmission systems, such as oil-immersed gearboxes and infinite hydrostatic drives, which provide smoother operation, greater ease of use, and reduced maintenance requirements. There is a concerted effort to improve operator comfort through ergonomic designs, including adjustable handles, vibration damping, and better weight distribution to minimize fatigue during extended use. A significant area of innovation is the development of battery-electric two-wheel tractors. Companies are investing in this technology to offer zero-emission alternatives for noise-sensitive and environmentally regulated applications, such as urban landscaping, indoor use, and organic farms. Furthermore, connectivity and precision farming features are beginning to trickle down into this segment, with some high-end models offering compatibility with sensors for monitoring performance and implementing guided operations, marking the initial steps towards the digitalization of these traditionally mechanical machines.

Report Segmentation

This comprehensive market research report on the global two-wheel tractor market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry dynamics. The segmentation is structured to help stakeholders identify specific growth pockets and make informed strategic decisions. The report is segmented by type, categorizing the market into distinct groups based on engine power output, such as low-power, medium-power, and high-power models, each catering to different operational requirements and customer segments. It is further segmented by application, providing deep insights into the usage of these tractors in key areas including primary tillage, secondary tillage, hauling and transportation, and other applications like mowing and snow removal. A crucial component of the segmentation is the regional analysis, which breaks down the market size and forecast for key geographic regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This multi-faceted segmentation allows for a thorough examination of trends, opportunities, and challenges within each specific category and region.

FAQs

What is the horsepower range of a two-wheel tractor?

Two-wheel tractors are available in a wide range of horsepower to suit various tasks. The power output typically spans from compact models below 5 horsepower, designed for light gardening and landscaping, to robust professional models that can exceed 15 horsepower. The most common and versatile models for general farming applications usually fall within the 5 to 12 horsepower range, providing an optimal balance of strength, fuel efficiency, and maneuverability for the majority of implements and soil conditions.

What attachments can be used with a two-wheel tractor?

The versatility of a two-wheel tractor is defined by its compatible attachments. A standard system allows one power unit to operate a vast array of implements. Common attachments include rotary tillers for soil preparation, moldboard plows for turning soil, sickle bar mowers for cutting grass and brush, rotary plows for deep tilling, and trailers for hauling. Other specialized implements include snow blowers, fertilizer spreaders, seeders, and even water pumps, making it a highly adaptable piece of equipment for year-round use.

Are two-wheel tractors suitable for large farms?

While two-wheel tractors are exceptionally well-suited for small to medium-sized farms, orchards, and vineyards, their suitability for large-scale monoculture farms is limited. Their primary advantage is maneuverability in confined spaces and on terraced or sloping land where larger four-wheel tractors cannot operate efficiently. For large-scale operations, they are often used as supplemental equipment for specific tasks in sensitive areas, inter-row cultivation, or for specialized jobs rather than as the primary source of mechanization for vast field areas.

How does a two-wheel tractor differ from a rotary tiller?

While the terms are sometimes used interchangeably, there is a key distinction. A dedicated rotary tiller is typically a single-function machine designed solely for tilling soil. A two-wheel tractor, however, is a multi-functional power unit. It features a standard interface, such as a power take-off (PTO) and a hitch, that allows it to operate not just a tiller, but a wide variety of interchangeable attachments like plows, mowers, trailers, and more. Essentially, a rotary tiller is an attachment, while a two-wheel tractor is the vehicle that powers it and many other tools.

Which regions are the biggest markets for two-wheel tractors?

The biggest markets for two-wheel tractors in terms of volume are found in the Asia-Pacific region, particularly in countries like India, China, Japan, and Bangladesh. This is due to the prevalence of smallholder farms and the need for affordable mechanization. Europe is a significant and mature market, especially in countries like Italy, France, and Germany, where they are used for precision work in vineyards, orchards, and horticulture. North America has a stable niche market focused on commercial landscaping, hobby farming, and specialized agricultural applications.

Citius Research has developed a research report titled “Two-wheel Tractors Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Two-wheel Tractors Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Two-wheel Tractors Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Two-wheel Tractors Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Two-wheel Tractors Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Two-wheel Tractors Market
• Research Methodology
• Executive Summary
• Market Dynamics of Two-wheel Tractors Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Two-wheel Tractors Market
• Cost and Gross Margin Analysis of Two-wheel Tractors Market
• Two-wheel Tractors Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Two-wheel Tractors Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Two-wheel Tractors Market Key Stakeholders

Below are the key stakeholders for the Two-wheel Tractors Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Two-wheel Tractors Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Two-wheel Tractors Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Two-wheel Tractors Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Two-wheel Tractors Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Two-wheel Tractors Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Two-wheel Tractors Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Two-wheel Tractors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Two-wheel Tractors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Two-wheel Tractors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Two-wheel Tractors Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Two-wheel Tractors Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Two-wheel Tractors Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Two-wheel Tractors Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Two-wheel Tractors Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Two-wheel Tractors Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Two-wheel Tractors Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Two-wheel Tractors Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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