DUBLIN–(BUSINESS WIRE)–The “Electric Farm Tractor Market – A Global and Regional Analysis: Focus on Product, Application, Adoption Framework, Startup, Patent, Value Chain, and Country-Wise Analysis – Analysis and Forecast, 2023-2028” report has been added to ResearchAndMarkets.com’s offering.

The electric farm tractor market was valued at $98.7 million in 2022 and is expected to reach $234.0 million by 2028, growing at a CAGR of 14.06% between 2023 and 2028.

The electric farm tractor market is driven by several factors, including the surging demand for sustainable agriculture practices from the agriculture industry, electrification and automation of agriculture machinery, and energy storage systems.

In recent years, electric farm tractor has registered an exponential surge in interest among farmers, manufacturers, and researchers from the agriculture industry, with sales of electric vehicles (EVs) reaching record heights.

The electric farm tractor market is an emerging sector within the agricultural industry that focuses on the development and adoption of electric-powered tractors for various farming operations.

Electric farm tractors are designed to replace conventional diesel or gasoline-powered tractors, offering numerous advantages such as reduced carbon emissions, lower operating costs, and quieter operation. Electric tractors utilize electric motors and batteries to power their operations, eliminating the need for fossil fuels.

These tractors can be charged through various methods, including grid electricity, renewable energy sources such as solar or wind power, or even portable generators. The use of electric power in farming machinery aligns with the global trend toward sustainability and reducing greenhouse gas emissions. Key benefits of electric farm tractors include environmental sustainability, operational efficiency, reduced operating costs, noise reduction, government incentives, and others.

Recent Developments in the Global Electric Farm Tractor Market

  • In April 2023, Ideanomics’s subsidiary named, Solectrac, added new products to its product category of e25 electric tractors. The new product has the feature of the hydrostatic transmission, a mid-PTO, and independent PTO operation and is named e25H. It will be available for sale by the 2nd quarter of 2023.
  • In December 2022, Monarch Tractor launched the electric tractor founder series named MK-V. It is the first commercially developed electric and driver-optional smart tractor. It combines technologies such as electrification, automation, and data analysis.

Key Attributes:

Report Attribute Details
No. of Pages 292
Forecast Period 2023 – 2028
Estimated Market Value (USD) in 2023 $121.2 Million
Forecasted Market Value (USD) by 2028 $234 Million
Compound Annual Growth Rate 14.1%
Regions Covered Global

Market Dynamics


  • Rise in Awareness toward Sustainable Practices in Agriculture
  • Increased Farm Mechanization and Technology Adoption
  • Favoring Policies toward Electric Vehicle Adoption
  • Increased Demand for Electrification in Agriculture Industry


  • Inadequate Charging, Network Infrastructure, and Battery Recycling Challenges
  • High Initial Cost of Equipment
  • Development of Alternative Engine Models
  • Limited Market Penetration Owing to Dominance of Conventional Tractors


  • Integration of New/Advanced Technologies with Electric Farm Tractor
  • Opportunities in Developing Nations

Case Studies

  • Monarch Tractor Wente Vineyards Energy Case Study
  • Solectrac Inc Mushroom Farm Case Study

Key Companies Profiled

  • Solectrac (Ideanomics, Inc)
  • Monarch Tractor
  • Cellestial eMobility Private Limited
  • Kubota Corporation
  • Sonalika Group
  • Rigitrac Traktorenbau AG
  • Erisha Agritech
  • Ztractor
  • AutoNxt Automation
  • Autonomous Tractor Corporation
  • CLAAS KGaA mbH
  • EOX Tractors (Formerly H2Trac)
  • EVE Srl
  • Amos Power

For more information about this report visit https://www.researchandmarkets.com/r/8fooam

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