Australia Tractors Market Size, Share Analysis and Forecast Report (2024-2032)

Tractors are vehicles designed to deliver a pulling force at slow speeds for hauling machinery in agriculture, construction, or mining industries. Tractors are the most essential farm machines; they play an important aspect in the growth of the agriculture industry. Tractors also play a significant role in modern agriculture. In the agriculture industry, it performs various tasks such as clearing bushes, spreading fertilisers, etc., that have increased efficiency. Australia tractor market is driven by technological advancements such as crop management and farm management that have led to the growth of the agriculture Industry.

According to the World Bank, Australia’s agriculture, forestry, and fishing industry’s percentage share of GDP has increased from 2% in 2020 to 2.7% in 2022.

The Australia tractor market growth is driven by innovative and specifically designed engineered tractors. Self-driving tractors and autonomous vehicles are launched to assist in farm operations such as spreading fertilisers, clearing bushes, etc., which increases efficiency.  For instance, GOtrack Technology has been practised in tractors, in this the GOtrack controllers are being replaced by a driver and the tractor can be monitored by smartphone.

A paradigm shift in the Australia tractor market  has given rise to revolutionary change in the efficiency and productivity of the agriculture industry by providing reduced labour costs, greater precision, and technological advancements.

Australia Tractor Market Share

Based on the drive type, four-wheel drive-type tractors are versatile and efficient. It includes various features that propel the Australia tractor market growth.

Four-wheel drive-type tractors have improved traction as there are fewer chances of going off balance.

The two-wheel drive type tractors are lighter and cost-effective, they perform lighter tasks efficiently. There are prominent key factors that affect the Australia tractor market growth, such as growing farm incomes, and an increase in the advancement of tractor technology.

Based on propulsion type, the development of electric and hybrid tractors decreases farm operation costs and increases productivity and efficiency.

Tractors are multipurpose machines used in different industries for various purposes such as livestock management, transportation, landscaping, etc.

Based on application type, the Australia tractor market share is dominated by agriculture.

In the agriculture industry, introducing tractors has changed farming practices, as tractors can work efficiently on diverse terrains. 

The Australia tractor market has made Australia's agriculture sector modern and technologically driven. Autonomous tractors are used in agriculture and industrial sectors as they are installed with drone technology, GPS, and controllers. In the mining and construction industries tractors are used to lift heavy materials, dig holes, and move debris.

Other Australia tractor market key players are CFC Holdings Pty Ltd and Branson Tractors, among others.

Australia Tractor Market Analysis by Region

According to ABARES, wheat is the major producing grain in Australia in the year 2020-2021 as new technologies, farming, and management practices were adopted. According to USDA, Western Australia (37%) produces the largest portion of wheat in Australia following New South Wales (28%), and Victoria (15%), among others. Australia tractor market demand increases as agricultural production increases.

The newly and specifically designed engineered tractors have increased productivity while offering reduced labour costs, efficiency, and precision. This has driven the growth of the agriculture industry increasing the Australia tractor market.