The global electric tractors market is anticipated to grow at a significant rate in the coming years, owing to the consistent rising demand for food grains and agricultural products, government support and favourable policies. The increasing number of farmers are constrained to integrate mechanised farming for better production within the same limited land, therefore companies are developing autonomous e-tractors.

GPS enabled tractors are anticipated to be in demand owing to their ability to navigate well. This sub-division dominates the markets in this segment and are forecasted to grow with the highest CAGR.

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GPS enabled tractors are anticipated to be in demand owing to their ability to navigate well. This sub-division dominates the markets in this segment and are forecasted to grow with the highest CAGR.

There are several specific applications of e-tractors available in the industry. Some tractors even facilitate multiple applications or combo applications at the same time.

Asia Pacific has proven to be the region with the highest growth rate in electric tractor market owing to factors such as: large farmlands, agriculture-dependent economies, and government regulations. Countries such as China and India are reigning on this altar.

The companies in this industry are being insisted to focus on the development of new autonomous driving techniques in order to make the driving safer and more dependable. Different countries are investing to develop autonomous electric tractors to cater to this demand. Technological advancements are anticipated in the coming years, and thus the market growth of the industry in the near future is forecasted very high.

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The key players in the global electric tractor market are: AGCO Corporation, Deere and Company, CLAAS KGaA mbH, Kubota Corporation, Escorts Limited, Caterpillar Inc., Yanmar Co. Ltd., and J.C. Bamford Excavators Ltd. (JCB).

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