Canada Agriculture Tractor Market Research Report, 2029

The agricultural tractor market in Canada is a vital part of the country's food production industry. Tractors are used for a variety of tasks on farms, from ploughing and planting to harvesting and hauling. As farms become larger, there is a demand for tractors that can handle more power and workload. This is leading to an increase in the sales of high-horsepower tractors. The Canadian tractor market is expected to continue to grow in the coming years. This growth is being driven by a number of factors, including the increasing demand for food, the rising cost of labour, and the technological advancements in precision agriculture. The Canadian tractor market is dominated by a few major brands, such as John Deere, New Holland, and Case IH. These brands offer a wide range of tractors to suit the needs of different types of farms. The penetration and adoption of farm mechanization practices across Canada have driven the sale of new tractors. Tractors and agricultural implements are the major product categories of the organized agriculture market in Canada. The farmers in Canada are wealthy and have sufficient money to invest in agriculture machinery such as tractors. In addition, the farmers in the country also benefit from easy credit loans for purchasing agriculture machinery. The government is identifying regions according to their current production of export foods and their potential to increase production with the help of new institutional reforms. Manufacturers in Canada focus on the development of alternate fuel-based machines. Tractors that run on liquefied natural gas (LNG), compressed natural gas (CNG), propane, diesel, and kerosene are available these days. The technology is used in harvesters and tractors. It helps to reduce the dependency on labour, thus reducing the overall farming cost. Telematics enables the agriculture tractor driver or operators to closely monitor their fleet of vehicles and trucks through a GPS tracker. It captures data from farm equipment operating in a field and transfers the data to the internet in real-time. According to the research report "Canada Agriculture Tractor Market Research Report, 2029," published by Actual Market Research, the Canada Agriculture Tractor market is expected to reach market size of more than USD 3.50 Billion by 2029. There is an ominous requirement to improve agricultural productivity across central agriculture states in Canada. The rural farm community in developing agrarian states often suffers from poverty, where the farm income is relatively lower than in developed economies. The government and its policies play a significant role in the availability and access to agriculture tractors, implements, and technology. Telematics enables the agriculture tractor driver or operators to closely monitor their fleet of vehicles and trucks through a GPS tracker. It captures data from farm equipment operating in a field and transfers the data to the internet in real-time. Automation delivers a high tractive effort at a slow speed for tillage and other agricultural tasks in Canada. The technology is used in harvesters and tractors. It helps to reduce the dependency on labour, thus reducing the overall farming cost. Real-time kinematics is a technique that uses carrier-based ranging and provides ranges that are the order of magnitude more precise than those available through code-based positioning. It reduces operators' workload by automatically harvesting rice and wheat with high precision and accuracy.

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Based on the Engine Power, the market is divided into 30 HP, 30 HP - 100 HP, 100 HP - 200 HP, and Above 200 HP. In Canada, the market for agricultural tractors under 30 horsepower is becoming increasingly significant. There are a lot of hobby farms, small-scale farms, and specialty agricultural businesses in Canada. The needs of these smaller farms are frequently different from those of larger commercial operations. Light-duty hauling and other jobs on small farms, like gardening and landscaping, are best suited for tractors with less than 30 horsepower. Smaller tractors with less than 30 horsepower are adaptable tools that have much use outside of agriculture. They work well for jobs like snow removal, gardening, and property upkeep that are frequently needed by small enterprises, municipalities, and rural households. Based on the Drive Type, the market is divided into 2WD, 4WD. It's possible that the 2WD (two-wheel drive) section of the Canadian farm tractor industry is becoming more significant. Since of their adaptability to operate in sensitive surroundings and small areas, 2WD tractors may be chosen in some agricultural industries, including horticulture, speciality crops, and greenhouse production. Various tractors can be fitted with attachments and specialized tools made to meet the unique requirements of various sectors, enabling more accuracy and efficiency in production procedures. Based on the Level of Autonomy, the market is divided into Manual Tractor Vehicle, Autonomous Tractor Vehicle. There is a revolution taking place in Canadian agriculture, not simply in terms of crops but also in cultivation methods. The autonomous tractor vehicle (ATV) market is a rising star that is revolutionizing farming and opening the door to a more productive, efficient, and sustainable future. Since of the on-going labour scarcity in the agriculture sector, ATVs are quite popular. These self-driving tractors free up valuable labour for other vital duties by managing jobs like planting, weeding, and harvesting with little assistance from humans. ATVs can carry out jobs with amazing precision since they are outfitted with sophisticated sensors, GPS, and AI technology. By mapping field borders, applying fertilizers and pesticides at the right rates, and optimizing planting patterns, they may raise yields while lowering waste.

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Kripa Shah

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Based on the Application the market is divided into Harvesting, Seed Sowing, Spraying, Others. In Canada, the market for agricultural tractors is starting to prioritize the Seed Sowing segment. As farmers in Canada look to maximize yields, save resources, and lower input costs, precision agriculture techniques are becoming more and more common. In precision agriculture, seed sowing is critical because it provides precise seed placement, spacing, and depth all of which are necessary to maximize crop output. Farmers may achieve uniform seed distribution, reduce seed waste, and maximize crop emergence and growth by using tractors fitted with precision seed sowing systems. Considered in this report: • Geography: Canada • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Canada Agriculture Tractor market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Engine Power: • Below 30 HP • 30 HP – 100 HP • 100 HP – 200 HP • Above 200 HP By Drive Type: • 2WD • 4WD By Level of Autonomy: • Manual Tractor Vehicle • Autonomous Tractor Behaviour By Application: • Harvesting • Seed Sowing • Spraying • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Agriculture Tractor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.