According to a market report by Lucintel, the future of the global new energy tractors market looks promising with opportunities in the port, airport, and steel markets. The global new energy tractors market is expected to grow with a CAGR of 23.5% from 2025 to 2031. The major drivers for this market are rising advancements in clean energy technologies and growing environmental concerns.
A more than 150-page report to understand trends, opportunity and forecast in new energy tractors market to 2031 by type (pure electric tractors, fuel cell tractors, and hybrid tractors), application (port, airport, steel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, pure electric tractor is expected to witness the highest growth over the forecast period due to growing adoption of electric technology in agriculture.
Within the application category, port is expected to witness the highest growth.
In terms of region, APAC is expected to witness the highest growth over the forecast period due to the rapid adoption of clean energy solutions and government support for reducing emissions.
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Volvo, Volkswagen, Hyundai Motor, Foton, Dayun, Beijing Foton Daimler Automotive, Xuzhou Construction Machinery Group, Hanma Technology Group, BEIBEN Trucks Group, SANY Group are the major suppliers in the new energy tractors market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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