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Agriculture Tractors Market Size, Share, and Outlook, 2025 Report- By Type (Compact Tractors, Utility Tractors, Row Crop Tractors, Articulated Tractors, Others), Capacity (Less than 20 HP, 20 HP to 45 HP, 45 HP to 140 HP, 140 HP to 400 HP, 400 HP to 620 H

Publisher VPA Research
Published Jun 01, 2025
Length 185 Pages
SKU # VPA20046705

Description

Agriculture Tractors Market Outlook

The global Agriculture Tractors market is expected to register a growth rate of 5.6% during the forecast period from $79.4 Billion in 2024 to $122.8 Billion in 2032. The Agriculture Tractors market is a thriving business that is poised to keep growing and presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Agriculture Tractors segments across 22 countries from 2021 to 2032. Key segments in the report include By Type(Compact Tractors, Utility Tractors, Row Crop Tractors, Articulated Tractors, Others), Capacity (Less than 20 HP, 20 HP to 45 HP, 45 HP to 140 HP, 140 HP to 400 HP, 400 HP to 620 HP, Above 620 HP), Drive Type (2WD, 4WD). Over 70 tables and charts showcase findings from our latest survey report on Agriculture Tractors markets.

Agriculture Tractors Market Insights, 2025

The agriculture tractors market remains a cornerstone of mechanized farming, facilitating land preparation, planting, and harvesting operations across diverse crop types and geographies. Demand is propelled by increasing global food production needs, farm consolidation, and adoption of precision agriculture technologies. Tractors vary widely by horsepower, fuel type (diesel, electric, hybrid), and functionality, with innovations focusing on automation, GPS integration, and IoT connectivity to enhance efficiency and reduce operational costs. Regional dynamics are influenced by landholding sizes, mechanization rates, and government subsidies promoting tractor purchases. Emerging markets in Asia, Africa, and Latin America show robust growth due to modernization efforts and rural development programs. Environmental regulations encourage development of low-emission and electric tractors, while rising fuel costs drive demand for fuel-efficient models. The competitive landscape is shaped by established manufacturers investing in R&D to introduce smart tractors catering to evolving agricultural practices.

Five Trends that will define global Agriculture Tractors market in 2025 and Beyond

A closer look at the multi-million global market for Agriculture Tractors identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Agriculture Tractors companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Agriculture Tractors industry?

The Agriculture Tractors sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2030. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Agriculture Tractors Market Segment Insights

The Agriculture Tractors industry presents strong offers across categories. The analytical report offers forecasts of Agriculture Tractors industry performance across segments and countries. Key segments in the industry include- By Type(Compact Tractors, Utility Tractors, Row Crop Tractors, Articulated Tractors, Others), Capacity (Less than 20 HP, 20 HP to 45 HP, 45 HP to 140 HP, 140 HP to 400 HP, 400 HP to 620 HP, Above 620 HP), Drive Type (2WD, 4WD). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Agriculture Tractors market size outlook is provided for 22 countries across these regions.

Market Value Chain

The chapter identifies potential companies and their operations across the global Agriculture Tractors industry ecosystem. It assists decision-makers in evaluating global Agriculture Tractors market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Agriculture Tractors industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Agriculture Tractors Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Agriculture Tractors Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Agriculture Tractors with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Agriculture Tractors market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Agriculture Tractors market Insights- Executives are most excited about opportunities for the US Agriculture Tractors industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Agriculture Tractors companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Agriculture Tractors market.

Latin American Agriculture Tractors market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Agriculture Tractors Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Agriculture Tractors markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Agriculture Tractors markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Agriculture Tractors companies outcompete in 2025?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include AGCO Corporation Holdings, Claas Global KGaA mbH, CNH Industrial Global N.V., Deere International and Company, Deutz-Fahr Holdings, Escorts Group International, Iseki and Co., Ltd. , Kubota Global Corporation, Mahindra and Mahindra International Ltd., Massey Ferguson International Limited, SDF Group Holdings, Tractors and Farm Equipment Holdings Ltd., Yanmar Co., Ltd. Worldwide.

Agriculture Tractors Market Scope

Leading Segments

By Type

Compact Tractors

Utility Tractors

Row Crop Tractors

Articulated Tractors

Others

By Capacity

Less than 20 HP

20 HP to 45 HP

45 HP to 140 HP

140 HP to 400 HP

400 HP to 620 HP

Above 620 HP

By Drive Type

2WD

4WD

Leading Companies

AGCO Corporation Holdings

Claas Global KGaA mbH

CNH Industrial Global N.V.

Deere International and Company

Deutz-Fahr Holdings

Escorts Group International

Iseki and Co., Ltd.

Kubota Global Corporation

Mahindra and Mahindra International Ltd.

Massey Ferguson International Limited

SDF Group Holdings

Tractors and Farm Equipment Holdings Ltd.

Yanmar Co., Ltd. Worldwide

Geographies

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Nordics, BeNeLux, Others

Asia Pacific- China, India, Japan, South Korea, Australia, South East Asia, Others

Latin America- Brazil, Argentina, Others

Middle East and Africa- Saudi Arabia, UAE, Other Middle East, South Africa, Other Africa

Reasons to Buy the report
  • Make informed decisions through long and short-term forecasts across 22 countries and segments.
  • Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
  • Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
  • Get an integrated understanding of the entire market ecosystem and companies.
  • Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
  • Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
  • Get free Excel spreadsheet and PPT versions along with the report PDF.

Table of Contents

185 Pages
1. Table of Contents
List of Figures and Tables
2. Executive Summary
2.1 Key Highlights
2.1.1 Agriculture Tractors Market Size Outlook, 2018-2024 and 2025-2032
2.1.2 Largest Agriculture Tractors Market Types and Applications
2.1.3 Fastest Growing Segments
2.1.4 Potential Markets
2.1.5 Market Concentration
2.2 Market Scope and Segmentation
2.2.1 Market Scope- Segments
2.2.2 Market Scope- Countries
2.2.3 Macroeconomic and Demographic Outlook
2.2.4 Abbreviations
2.2.5 Units and Currency Conversions
3. Research Methodology
3.1 Primary Research Surveys
3.2 Secondary Data Sources
3.3 Data Triangulation
3.4 Forecast Methodology
3.5 Assumptions and Limitations
4. Introduction to Global Agriculture Tractors Market in 2025
4.1 Industry Panorama
4.2 Leading Companies Profiled in the Study
4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
4.4 Market Dynamics
4.4.1 Market Dynamics- Trends and Drivers
4.4.2 Market Dynamics- Opportunities and Challenges
4.5 Regional Analysis
4.6 Porter’s Five Force Analysis
4.6.1 Intensity of Competitive Rivalry
4.6.2 Threat of New Entrants
4.6.3 Threat of Substitutes
4.6.4 Bargaining Power of Buyers
4.6.5 Bargaining Power of Suppliers
4.7 Agriculture Tractors Industry Value Chain Analysis
4.7.1 Stage of Value Chain
4.7.2 Key Activities of Companies
4.7.3 Companies Included in Each Stage
4.7.4 Key Insights
5. Agriculture Tractors Market Outlook to 2032
5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
By Type
Compact Tractors
Utility Tractors
Row Crop Tractors
Articulated Tractors
Others
By Capacity
Less than 20 HP
20 HP to 45 HP
45 HP to 140 HP
140 HP to 400 HP
400 HP to 620 HP
Above 620 HP
By Drive Type
2WD
4WD
6. Global Agriculture Tractors Market Outlook across Growth Scenarios
6.1 Low Growth Scenario
6.2 Base/Reference Case
6.3 High Growth Scenario
6. North America Agriculture Tractors Market Size Outlook
6.1 Key Market Statistics, 2024
6.2 North America Agriculture Tractors Market Trends and Growth Opportunities
6.2.1 North America Agriculture Tractors Market Outlook by Type
6.2.2 North America Agriculture Tractors Market Outlook by Application
6.3 North America Agriculture Tractors Market Outlook by Country
6.3.1 The US Agriculture Tractors Market Outlook, 2021- 2032
6.3.2 Canada Agriculture Tractors Market Outlook, 2021- 2032
6.3.3 Mexico Agriculture Tractors Market Outlook, 2021- 2032
7. Europe Agriculture Tractors Market Size Outlook
7.1 Key Market Statistics, 2024
7.2 Europe Agriculture Tractors Market Trends and Growth Opportunities
7.2.1 Europe Agriculture Tractors Market Outlook by Type
7.2.2 Europe Agriculture Tractors Market Outlook by Application
7.3 Europe Agriculture Tractors Market Outlook by Country
7.3.2 Germany Agriculture Tractors Market Outlook, 2021- 2032
7.3.3 France Agriculture Tractors Market Outlook, 2021- 2032
7.3.4 The UK Agriculture Tractors Market Outlook, 2021- 2032
7.3.5 Spain Agriculture Tractors Market Outlook, 2021- 2032
7.3.6 Italy Agriculture Tractors Market Outlook, 2021- 2032
7.3.7 Russia Agriculture Tractors Market Outlook, 2021- 2032
7.3.8 Rest of Europe Agriculture Tractors Market Outlook, 2021- 2032
8. Asia Pacific Agriculture Tractors Market Size Outlook
8.1 Key Market Statistics, 2024
8.2 Asia Pacific Agriculture Tractors Market Trends and Growth Opportunities
8.2.1 Asia Pacific Agriculture Tractors Market Outlook by Type
8.2.2 Asia Pacific Agriculture Tractors Market Outlook by Application
8.3 Asia Pacific Agriculture Tractors Market Outlook by Country
8.3.1 China Agriculture Tractors Market Outlook, 2021- 2032
8.3.2 India Agriculture Tractors Market Outlook, 2021- 2032
8.3.3 Japan Agriculture Tractors Market Outlook, 2021- 2032
8.3.4 South Korea Agriculture Tractors Market Outlook, 2021- 2032
8.3.5 Australia Agriculture Tractors Market Outlook, 2021- 2032
8.3.6 South East Asia Agriculture Tractors Market Outlook, 2021- 2032
8.3.7 Rest of Asia Pacific Agriculture Tractors Market Outlook, 2021- 2032
9. South America Agriculture Tractors Market Size Outlook
9.1 Key Market Statistics, 2024
9.2 South America Agriculture Tractors Market Trends and Growth Opportunities
9.2.1 South America Agriculture Tractors Market Outlook by Type
9.2.2 South America Agriculture Tractors Market Outlook by Application
9.3 South America Agriculture Tractors Market Outlook by Country
9.3.1 Brazil Agriculture Tractors Market Outlook, 2021- 2032
9.3.2 Argentina Agriculture Tractors Market Outlook, 2021- 2032
9.3.3 Rest of South and Central America Agriculture Tractors Market Outlook, 2021- 2032
10. Middle East and Africa Agriculture Tractors Market Size Outlook
10.1 Key Market Statistics, 2024
10.2 Middle East and Africa Agriculture Tractors Market Trends and Growth Opportunities
10.2.1 Middle East and Africa Agriculture Tractors Market Outlook by Type
10.2.2 Middle East and Africa Agriculture Tractors Market Outlook by Application
10.3 Middle East and Africa Agriculture Tractors Market Outlook by Country
10.3.1 Saudi Arabia Agriculture Tractors Market Outlook, 2021- 2032
10.3.2 The UAE Agriculture Tractors Market Outlook, 2021- 2032
10.3.3 Rest of Middle East Agriculture Tractors Market Outlook, 2021- 2032
10.3.4 South Africa Agriculture Tractors Market Outlook, 2021- 2032
10.3.5 Egypt Agriculture Tractors Market Outlook, 2021- 2032
10.3.6 Rest of Africa Agriculture Tractors Market Outlook, 2021- 2032
11. Company Profiles
11.1 Leading 10 Companies
AGCO Corporation Holdings
Claas Global KGaA mbH
CNH Industrial Global N.V.
Deere International and Company
Deutz-Fahr Holdings
Escorts Group International
Iseki and Co., Ltd.
Kubota Global Corporation
Mahindra and Mahindra International Ltd.
Massey Ferguson International Limited
SDF Group Holdings
Tractors and Farm Equipment Holdings Ltd.
Yanmar Co., Ltd. Worldwide
11.2 Overview
11.3 Products and Services
11.4 SWOT Profile
12. Appendix
12.1 Subscription Options
12.2 Customization Options
12.3 Publisher Details
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