Deere & Company held the largest share of the global agriculture equipment market in 2021, with 25.3 percent. CNH Industrial N.V. ranked second with a market share of 12.9 percent. The global construction and mining equipment market was valued at over 114 billion U.S. dollars in 2021.
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Deere & Company reported $139.17B in Market Capitalization this June of 2025, considering the latest stock price and the number of outstanding shares.Data for Deere & Company | DE - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last June in 2025.
John Deere, the agricultural equipment company, generated about ***** billion U.S. dollars in net sales and revenue in 2024. John Deere Though it is now one of the most widely used and trusted manufacturers of farming equipment, John Deere has humble beginnings as a plow manufacturer in the state of Illinois in the early 19th century. By 2024, the company employed nearly ****** people, and spent about *** billion U.S. dollars on research and development. John Deere generates the majority of its revenue from its production and precision agricultural segment, which includes large and mid-size tractors and combines among others. Global agricultural equipment market As of 2022, John Deere was the leading farm machinery manufacturer worldwide. Some of its main competitors are Case New Holland Industrial NV, based in the United Kingdom, and Kubota Corporation, based in Japan. In 2023, Case New Holland generated approximately ***** billion U.S. dollars in revenue, down from **** billion dollars in 2021.
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Deere & Company stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.
In 2022, Caterpillar had the largest share of the North American excavator attachments market. That year, the company controlled over 12 percent of the market. John Deere ranked second in terms of market share with more than 11 percent.
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[Keywords] Market include Deere & Company, LOVOL, Kubota, Luoyang Zhongshou Machinery Equipment, New Holland
In 2024, John Deere's (Deere & Company's) revenue generated around 34.1 billion U.S. dollars in the U.S. and Canada region -revenue from the United States alone accounted for nearly 66 percent of the total. The company's net income worldwide amounted to 7.1 billion U.S. dollars in 2024.
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The market is studied for the estimation period 2025 to 2035 with a market value of USD 128.2 Million in 2025 expected to reach the value USD 186.2 Million by 2035, growing at a CAGR of 3.8%. Data farm mechanization and automation in agriculture Moreover, government projects in emerging economies, such as subsidies, financial assistance, and training programs, are facilitating the uptake of modern agricultural equipment.
Metric | Value |
---|---|
Market Size (2025E) | USD 128.2 Million |
Market Value (2035F) | USD 186.2 Million |
CAGR (2025 to 2035) | 3.8% |
Country-Wise outlook
Country | CAGR (2025 to 2035) |
---|---|
USA | 4.1% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 3.6% |
Country | CAGR (2025 to 2035) |
---|---|
European Union (EU) | 3.9% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 3.7% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 3.8% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Deere & Company (John Deere) | 18-22% |
CNH Industrial (Case IH, New Holland) | 14-18% |
AGCO Corporation (Fendt, Massey Ferguson, Challenger) | 10-14% |
Kubota Corporation | 8-12% |
CLAAS KGaA mbH | 5-9% |
Other Companies (combined) | 40-50% |
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This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.
Historical daily stock prices (open, high, low, close, volume)
Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)
Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)
Feature engineering based on financial data and technical indicators
Sentiment analysis data from social media and news articles
Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)
Stock price prediction
Portfolio optimization
Algorithmic trading
Market sentiment analysis
Risk management
Researchers investigating the effectiveness of machine learning in stock market prediction
Analysts developing quantitative trading Buy/Sell strategies
Individuals interested in building their own stock market prediction models
Students learning about machine learning and financial applications
The dataset may include different levels of granularity (e.g., daily, hourly)
Data cleaning and preprocessing are essential before model training
Regular updates are recommended to maintain the accuracy and relevance of the data
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The Electric Lawn Mowers Market size was valued at USD 5.11 Million in 2023 and is projected to reach USD 11.25 Million by 2032, exhibiting a CAGR of 6.50 % during the forecasts periods. This growth is attributed to factors such as the increasing popularity of electric vehicles, government regulations promoting sustainable practices, and rising awareness about environmental conservation. The benefits of electric lawn mowers include zero emissions, lower noise levels, and reduced operating costs compared to gasoline-powered mowers. Major players in the market include The Toro Company, Cub Cadet, and MTD Products. Recent developments include: January 2023: John Deere partnered with Microsoft to bring new value and efficiencies to John Deere Dealers. The system will provide a common technology platform for many aspects of a dealer's business, enabling new opportunities for growth, innovation, and customer insights for dealers., August 2021: Husqvarna CEORA unveiled its new CEORA robotic lawn mower in the European market. It increases the quality of the lawn while reducing costs by approximately 30% compared with conventional commercial mowers., March 2021: Stiga developed a new E-Power 20V technology' which provides the perfect size-power-safety balance in batteries. These new technology-enabled lawnmowers cover a maximum area with minimum charging time.. Key drivers for this market are: Low Availability of Skilled Labor, Technological Advancements. Potential restraints include: Increasing Farm Expenditure, Security Concerns in Modern Farming Machinery. Notable trends are: Rising Technological Innovations in the Industry.
The agricultural tractor market share in North America is expected to increase to 25.98 thousand units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.43%.
This agricultural tractor market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the agricultural tractor market in North America segmentation by the following:
Engine capacity - Low power, mid-power, and high power
Geography - US, Canada, and Mexico
The agricultural tractor market in North America report also offers information on several market vendors, including AGCO Corp., CLAAS KGaA mbH, CNH Industrial NV, Deere and Co., Escorts Ltd., Kubota Corp., Kverneland AS, Mahindra & Mahindra Ltd., SDF SpA, and Tractors and Farm Equipment Ltd. among others.
What will the Agricultural Tractor Market Size in North America be During the Forecast Period?
Download the Free Report Sample to Unlock the Agricultural Tractor Market Size in North America for the Forecast Period and Other Important Statistics
Agricultural Tractor Market in North America: Key Drivers, Trends, and Challenges
The introduction of driverless agricultural tractors is notably driving the agricultural tractor market growth in North America, although factors such as the availability of agricultural tractors on a rental basis may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agricultural tractor industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Agricultural Tractor Market Driver in North America
The introduction of driverless agricultural tractors is one of the key drivers supporting the agricultural tractor market growth in North America.
The global population has seen rapid growth, accompanied by greater environmental awareness, and therefore farmers must produce more food more sustainably with the same amount of land. Ultimately, autonomous technology will make a difference in the years to come.
The factors that will drive the adoption of autonomous tractors are freeing up skilled labor, which can be redeployed, 24/7 working capability, advanced obstacle detection, and others. Such factors are expected to drive market growth during the forecast period.
Key Agricultural Tractor Market Trend in North America
The use of telematics in tractors is another factor supporting the agricultural tractor market growth in North America.
Telematics allows farmers to collect information regarding the operations of their tractors, the exact location of the vehicle, and the distance traveled to calculate the total utilization rate of the fleet.
Tractor companies are integrating telematics services in tractors to provide increased utility to buyers. Software companies are developing software that allows farmers to understand and manage data from telematics.
Trimble Inc. developed Connected Farm software, which uses Farm Works software to manage the data received from the tractor's telematics.
The software uses wireless technology or cellular technology to effectively transfer the data in real-time. such developments are expected to drive market growth during the forecast period.
Key Agricultural Tractor Market Challenge in North America
The availability of agricultural tractors on a rental basis is hindering the agricultural tractor market growth in North America.
Renting agricultural equipment is a global trend based on the needs of the farmers.
The purchase of high-cost machinery is not an option for small-scale farmers who use tractors for a period of three to six months. This is because the average time a tractor is used on the field is 120 days per year. Therefore, it is much more feasible for a small-scale farmer to rent the equipment instead of purchasing it.
As more farmers opt for agricultural tractors on a rental basis, it curtails the growth prospects of new units of agricultural tractors.
This agricultural tractor market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Who are the Major Agricultural Tractor Market Vendors in North America?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
AGCO Corp.
CLAAS KGaA mbH
CNH Industrial NV
Deere and Co.
Escorts Ltd.
Kubota Corp.
Kverneland AS
Mahindra & Mahindra Ltd.
SDF SpA
Tractors and Farm Equipment
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[Keywords] Market include Vermeer, McHale, American Baler Co., New Holland, John Deere
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This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.
Historical daily stock prices (open, high, low, close, volume)
Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)
Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)
Feature engineering based on financial data and technical indicators
Sentiment analysis data from social media and news articles
Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)
Stock price prediction
Portfolio optimization
Algorithmic trading
Market sentiment analysis
Risk management
Researchers investigating the effectiveness of machine learning in stock market prediction
Analysts developing quantitative trading Buy/Sell strategies
Individuals interested in building their own stock market prediction models
Students learning about machine learning and financial applications
The dataset may include different levels of granularity (e.g., daily, hourly)
Data cleaning and preprocessing are essential before model training
Regular updates are recommended to maintain the accuracy and relevance of the data
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The Agriculture Equipment Market size was valued at USD 163.97 billion in 2023 and is projected to reach USD 235.38 billion by 2032, exhibiting a CAGR of 5.3 % during the forecasts period. Agriculture equipment is a broad category of tools and machinery used in farming and other agricultural related practices like plowing, planting, harvesting among others. Such machines are essential in the current world as they increase efficiency, cut on labor, and increase the chances of high yields. The market is propelled by the keenness to adopt high technology such as precision farming, automation and GPS application on machineries that assist farmers in the efficient use of resource and observation of health of crops. The specific factors that are more noticeable and vital for this market are sustainable farming practices and the demand for high efficiency equipment. Finally, the facilitation by governments of various subfluences in an agricultural mechanization process, with a special emphasis on the development of the aforementioned regions, is stimulating demand for this market. Recent developments include: In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers address the challenges associated with input costs, labor, regulatory requirements, and environmental goals. , In July 2023, CLAAS KGaA mbH unveiled the company’s high-performance XERION 12 Series tractors. The two new tractor models are integrated with the highly efficient low-engine speed drive concept 2.0. , In June 2023, JCB announced plans to introduce the company’s first electric wheeled loader with zero-emission and low-noise capabilities. The loader comes with options for wide or narrow wheels and tire options for agriculture or industrial deployment. , In June 2023, Mahindra Group’s Swaraj Tractors unveiled the launch of a lightweight compact tractor named ‘Swaraj Target’. The tractor features first-in-class functionalities, matchless performance capability, and state-of-the-art technology to cater to the special needs of Indian farmers. , In May 2023, AMAZONE announced new products as a part of its precision seeders business range. The new advanced trailed models, Precea 12000-TCC and 9000-TCC have been designed exclusively for large-scale farms & contractors. , In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors. , In April 2023, HORSCH announced the commencement of its new plant in Curitiba, Brazil. The plant includes the single grain seed drill assembly line and tillage machines line along with the development facility of crop care technology. , In February 2023, Kubota Corporation announced the acquisition of a stake in Chouette. Chouette deploys AI technology to analyze captured images by cameras to identify tree vigor and diseases and develops optimal volume of sprays through exceptional algorithms .
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Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for E held by DEERE & CO from Q2 2015 to Q4 2015
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Report Attribute/Metric | Details |
---|---|
Market Value in 2025 | USD 170 billion |
Revenue Forecast in 2034 | USD 275 billion |
Growth Rate | CAGR of 5.5% from 2025 to 2034 |
Base Year for Estimation | 2024 |
Industry Revenue 2024 | 161 billion |
Growth Opportunity | USD 114 billion |
Historical Data | 2019 - 2023 |
Forecast Period | 2025 - 2034 |
Market Size Units | Market Revenue in USD billion and Industry Statistics |
Market Size 2024 | 161 billion USD |
Market Size 2027 | 189 billion USD |
Market Size 2029 | 210 billion USD |
Market Size 2030 | 222 billion USD |
Market Size 2034 | 275 billion USD |
Market Size 2035 | 290 billion USD |
Report Coverage | Market Size for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends |
Segments Covered | Equipment Type, Use Purpose, Farm Size, Purchase Type |
Regional Scope | North America, Europe, Asia Pacific, Latin America and Middle East & Africa |
Country Scope | U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa |
Top 5 Major Countries and Expected CAGR Forecast | U.S., China, India, Germany, Brazil - Expected CAGR 3.6% - 5.3% (2025 - 2034) |
Top 3 Emerging Countries and Expected Forecast | Brazil, India, South Africa - Expected Forecast CAGR 6.3% - 7.6% (2025 - 2034) |
Top 2 Opportunistic Market Segments | Soil Preparation and Harvesting & Threshing Use Purpose |
Top 2 Industry Transitions | Digital Revolution in Farming, Electrification of Farm Equipment |
Companies Profiled | John Deere, CNH Industrial, AGCO Corporation, Kubota Corporation, CLAAS, Mahindra & Mahindra, Escorts Limited, SDF Group, ISEKI & Co, Yanmar Co, JCB and AGROSTROJ Pelhimov |
Customization | Free customization at segment, region, or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement (10% of report value) |
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This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.
Historical daily stock prices (open, high, low, close, volume)
Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)
Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)
Feature engineering based on financial data and technical indicators
Sentiment analysis data from social media and news articles
Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)
Stock price prediction
Portfolio optimization
Algorithmic trading
Market sentiment analysis
Risk management
Researchers investigating the effectiveness of machine learning in stock market prediction
Analysts developing quantitative trading Buy/Sell strategies
Individuals interested in building their own stock market prediction models
Students learning about machine learning and financial applications
The dataset may include different levels of granularity (e.g., daily, hourly)
Data cleaning and preprocessing are essential before model training
Regular updates are recommended to maintain the accuracy and relevance of the data
Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
Historical holdings data showing quarterly positions, market values, shares held, and portfolio percentages for MSFT held by DEERE & CO from Q3 2013 to Q4 2016
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[Keywords] Market include Kubota Corporation, CNH Industrial N.V., Autonomous Tractor Corporation, Deere & Company, AGCO Corporation
In 2015, John Deere held the greatest share of the sales volume of tractors in the European market. 18.6 percent of all tractors sold in Europe that year were produced by this American Corporation. John Deere was followed by the FIAT-controlled company New Holland with 15.8 percent of the European tractor market share.
CNH and AGCO held together almost 45 percent of the European market for tractors in 2015
Even if John Deere on its own controlled 18.6 percent of the market in 2015, it is important to notice that New Holland, Case IH and Steyr together accounted for 24.1 percent of the market share in 2015. These three companies all belong to the Case New Holland Group (CNH). Tractor manufacturers Challenger, Fendt, Massey Ferguson and Valtra, on the other hand, are held by the American agricultural equipment manufacturer AGCO. If this AGCO Group is taken into account, John Deere is pushed to the third position. AGCO would then hold 20.7 percent of the market share with 21.1 percent for Case New Holland, AGCO’s net income for 2015 was 264 million dollars. John Deere registered alone 1941 millions of dollars .
John Deere net income also stems from a diversification of products and business segments
John Deere registered a net income that was more than double of the two AGCO ad CNH conglomerates put together. The reason behind this could be John Deere’s diversified range of products and sources of income. In 2018, the company recorded 792 millions of U.S. dollars in operating profit. John Deere also increases its net income by producing and selling construction machinery. In 2017, its sales of construction equipment were valued at around 5.72 billion dollars.
Deere & Company held the largest share of the global agriculture equipment market in 2021, with 25.3 percent. CNH Industrial N.V. ranked second with a market share of 12.9 percent. The global construction and mining equipment market was valued at over 114 billion U.S. dollars in 2021.