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Agricultural Tractor Market

Published Nov 20, 2025
Length 164 Pages
SKU # CMI20658432

Description

The agricultural tractor market is estimated to be valued at USD 88.41 Bn in 2025 and is expected to reach USD 131.28 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Report Description

The global agricultural tractor market has been witnessing steady growth in the past few decades owing to the increasing mechanization of agricultural activities worldwide. Tractors help in minimizing the dependence on manual labor for activities like plowing, seeding, harvesting, etc. and boost farm output. Additionally, rising population has augmented the demand for food, giving an impetus to agricultural productivity. Tractors offer efficient and timely operations in farms and help meet the escalating food demand. Various government initiatives promoting farm mechanization through subsidy programs have further augmented the adoption of tractors among small and marginal farmers. However, the market faces challenges from decreasing average farm sizes and rising cost of fuel.

Market Dynamics

The key drivers fueling the global agricultural tractor market include the growing demand for food grains owing to surge in population, shortage of agricultural labor, and initiatives by various governments to promote farm mechanization. Rising agricultural incomes and financing schemes for farmers have positively impacted tractor sales. Additionally, increasing opportunities in non-agricultural activities have led to the migration of farm labor from rural to urban areas aggravating the shortage of labor. This has boosted the demand for tractors for field cultivation. However, decreasing average land holdings especially in Asian countries along with rising fuel costs pose challenges to market growth. Increased adoption of technologies like autonomous tractors and electric tractors present significant opportunities for market players.

Key features of the study
  • This report provides an in-depth analysis of the global agricultural tractor market, and provides market size (USD Billion) and compound annual growth rate (CAGR %) for the forecast period (2025–2032), considering 2024 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global agricultural tractor market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Agco Tractors (Fendt), Captain Tractors, Eicher Tractors, Escorts Tractors, Force Tractors, Gromax Agri Equipment Limited, John Deere Tractors, JCB, Kubota Tractor, Mahindra Tractors, Monarch Tractor Electric Tractor, New Holland Tractors, SDF, Sonalika Tractors, SOLECTRAC, Standard Tractors, and Swaraj Tractors.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global agricultural tractor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
  • Operation Insights (Revenue, USD Bn, 2020 - 2032)
  • Manual
  • Autonomous
  • Engine Power Insights (Revenue, USD Bn, 2020 - 2032)
  • Below 40 HP
  • 40 HP–120 HP
  • 121 HP–180 HP
  • 181 HP–250 HP
  • More than 250 HP
  • Type Insights (Revenue, USD Bn, 2020 - 2032)
  • ICE
  • Electric/Hybrid
  • Drive Type Insights (Revenue, USD Bn, 2020 - 2032)
  • 2-Wheel Drive
  • 4-Wheel Drive
  • Regional Insights (Revenue, USD Bn, 2020 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
  • Key Players Insights
  • Agco Tractors (Fendt)
  • Captain Tractors
  • Eicher Tractors
  • Escorts Tractors
  • Force Tractors
  • Gromax Agri Equipment Limited
  • John Deere Tractors
  • JCB
  • Kubota Tractor
  • Mahindra Tractors
  • Monarch Tractor Electric Tractor
  • New Holland Tractors
  • SDF
  • Sonalika Tractors
  • SOLECTRAC
  • Standard Tractors
  • Swaraj Tractors

Table of Contents

164 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Operation
Market Snippet, By Engine power
Market Snippet, By Type
Market Snippet, By Drive type
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
4. Global Agricultural Tractor Market, By Operation, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Manual
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Autonomous
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
5. Global Agricultural Tractor Market, By Engine power, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
Below 40 HP
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
40 HP–120 HP
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
121 HP–180 HP
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
181 HP–250 HP
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
More than 250 HP
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
6. Global Agricultural Tractor Market, By Type, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
ICE
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
Electric/Hybrid
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
7. Global Agricultural Tractor Market, By Drive type, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
Segment Trends
2-Wheel Drive
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
4-Wheel Drive
Introduction
Market Size and Forecast, 2020-2032, (USD Bn)
8. Global Agricultural Tractor Market, By Region, 2020-2032 (USD Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2020-2032
North America
Regional Trends
Market Size and Forecast, By Operation, 2020-2032 (USD Bn)
Market Size and Forecast, By Engine power, 2020-2032 (USD Bn)
Market Size and Forecast, By Type, 2020-2032 (USD Bn)
Market Size and Forecast, By Drive type, 2020-2032 (USD Bn)
Market Share Analysis, By Country, 2020 and 2032 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Operation, 2020-2032 (USD Bn)
Market Size and Forecast, By Engine power, 2020-2032 (USD Bn)
Market Size and Forecast, By Type, 2020-2032 (USD Bn)
Market Size and Forecast, By Drive type, 2020-2032 (USD Bn)
Market Share Analysis, By Country, 2020 and 2032 (%)
U.K.
Germany
Italy
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Operation, 2020-2032 (USD Bn)
Market Size and Forecast, By Engine power, 2020-2032 (USD Bn)
Market Size and Forecast, By Type, 2020-2032 (USD Bn)
Market Size and Forecast, By Drive type, 2020-2032 (USD Bn)
Market Share Analysis, By Country, 2020 and 2032 (%)
China
India
ASEAN
Australia
South Korea
Japan
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Operation, 2020-2032 (USD Bn)
Market Size and Forecast, By Engine power, 2020-2032 (USD Bn)
Market Size and Forecast, By Type, 2020-2032 (USD Bn)
Market Size and Forecast, By Drive type, 2020-2032 (USD Bn)
Market Share Analysis, By Country, 2020 and 2032 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Operation, 2020-2032 (USD Bn)
Market Size and Forecast, By Engine power, 2020-2032 (USD Bn)
Market Size and Forecast, By Type, 2020-2032 (USD Bn)
Market Size and Forecast, By Drive type, 2020-2032 (USD Bn)
Market Share Analysis, By Country, 2020 and 2032 (%)
GCC Countries
South Africa
Rest of the Middle East and Africa
9. Competitive Landscape
Company Profiles
Agco Tractors (Fendt)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Captain Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Eicher Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Escorts Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Force Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Gromax Agri Equipment Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
John Deere Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
JCB
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kubota Tractor
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Mahindra Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Monarch Tractor Electric Tractor
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
New Holland Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SDF
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Sonalika Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
SOLECTRAC
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Standard Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Swaraj Tractors
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Research Methodology
References
Research Methodology
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