John Deere's net income in 2024 amounted to 7.1 billion U.S. dollars. This represents a decrease of roughly 30 percent from the previous year. In 2023, the Fortune Global 500 company produced net income of 10.1 billion U.S. dollars. The reported fiscal year ends on October 31.

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.

In 2023, John Deere reported a revenue of about 55.6 billion U.S. dollars. The company's net income amounted to 10.1 billion U.S. dollars in 2023. The reported fiscal year ends on October 31.

John Deere's operating profit in the fiscal year of 2024 amounted to some ************ U.S. dollars. The production and precision agriculture segment alone had an operating profit of nearly *** billion U.S. dollars.

Deere net income/loss for the twelve months ending April 30, 2025 was $16.468B, a 30.82% decline year-over-year. Deere annual net income/loss for 2024 was $7.088B, a 30.2% decline from 2023. Deere annual net income/loss for 2023 was $10.155B, a 42.43% increase from 2022. Deere annual net income/loss for 2022 was $7.13B, a 19.53% increase from 2021.

Deere & Company's annual revenue was $50.52 B in fiscal year 2024. The annual revenue decreased -$9.73 B from $60.25 B (in 2023) to $50.52 B (in 2024), representing a -16.15% year-over-year decline.

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.

The production and precision agriculture segment of John Deere's net sales and revenue streams in the fiscal year of 2024 amounted to **** billion U.S. dollars. In the fiscal year ending October 31, 2024, the company generated nearly **** billion U.S. dollars in revenue from its construction and forestry segment.

In 2024, John Deere reported a revenue of about 51.72 billion U.S. dollars. The company's net income amounted to 7.1 billion U.S. dollars in 2023. The reported fiscal year ends on October 31.

In the fiscal year ended March 31, 2024, Komatsu, the Japan-based multinational manufacturer of construction, mining, and military equipment, generated around *** trillion Japanese yen in revenue. Background on Komatsu Limited Following a separation from its parent company, Komatsu Limited was first established in 1921 in Tokyo, Japan. As a leading multinational manufacturer of construction, mining, and military equipment, Komatsu has employees all around the world. The Japanese manufacturer employed ****** individuals in 2023. This represented a significant increase in the number of employees relative to the previous year, when a total of ****** were employed. A global leader In 2024, Komatsu was ranked as the world’s second largest manufacturer of construction machinery, making sales amounting to about **** billion U.S. dollars. In addition, Komatsu held a market share of **** percent in the same period, second only to the U.S.-based manufacturer Caterpillar, and well ahead of the next placed manufacturer John Deere who reported a share of *** percent.

The farming equipment manufacturer John Deere employed nearly 75,847 people in 2024, a decrease from the previous year, when the company had about 82,956 employees. John Deere's sales figures John Deere has three main product categories: production and precision agriculture, agriculture and turf, and construction and forestry. The majority of the company’s sales are generated by the production and precision agriculture segment. In 2024, John Deere’s revenue amounted to around 51.7 billion U.S. dollars. The United States and Canada are the biggest regional market for the company, with sales of around 34.1 billion U.S. dollars. Farm machinery market Farming machinery is one of the great innovations of the last two centuries, allowing us to significantly increase our agricultural yields and take a major step towards eradicating world hunger. John Deere and Co. is the world’s largest farm machinery manufacturer in terms of revenue, as of 2022. John Deere’s main competitors in that market include Case New Holland Industrial, Kubota Corporation, and AGCO. Case New Holland is based in the United Kingdom and generated net revenue of about 24.6 billion U.S. dollars in 2023.

According to Cognitive Market Research, The Global Sub Compact Tractors market size will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.

The demand for the sub-compact tractors market is rising due to the increasing demand in small-scale agriculture and the growth of landscaping and gardening businesses.
Demand for continuously variable transmissions (CVT) remains higher in the sub-compact tractors market.
The domestic category held the highest sub-compact tractors market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American sub-compact tractors market will experience the strongest growth until 2030.

Rising Trend in Small-Scale Farming to Provide Viable Market Output

The sub-compact tractors market is the growing trend towards small-scale farming and gardening. As more individuals and families are embracing sustainable living and self-sufficiency, there is an increased demand for compact and versatile agricultural equipment. Sub-compact tractors, with their maneuverability, ease of use, and diverse attachments, have become essential tools for small farmers, hobbyists, and landscapers.

John Deere has recently unveiled the MY24 edition of their 4075R Compact Utility Tractor. This updated model boasts improved features such as heavy-duty front axles and technology-ready capabilities. Additionally, LED light packages have been added to the 3R variant, as well as the heavy-duty 4M and 4R models.

These tractors are particularly suitable for tending to small plots of land, orchards, and garden beds. The rising interest in organic farming, community-supported agriculture, and home gardening projects has driven the need for efficient and user-friendly machinery. Sub-compact tractors provide the perfect solution, enabling individuals to efficiently manage their agricultural activities, thereby fueling the market's growth.

Technological Advancements and Customization to Propel Market Growth

The sub-compact tractors market is the continuous technological advancements and customization options offered by manufacturers. Modern sub-compact tractors come equipped with advanced features such as GPS guidance systems, digital control panels, and precision farming technologies. These innovations enhance productivity, efficiency, and user experience. Additionally, manufacturers are focusing on providing a wide array of attachments and implements, ranging from plows and mowers to loaders and seeders. This customization allows consumers to tailor their sub-compact tractors according to their specific needs and tasks, making them highly versatile and adaptable. Customers can invest in a single machine capable of performing multiple functions, reducing the overall cost of ownership.

Rise in urbanization is increasing activities which require the use of sub compact tractors

Market Dynamics of Sub-Compact Tractors

Limited Power and Scope to Hinder Market Growth

The sub-compact tractors market is their limited power and scope. Due to their compact size, these tractors have lower horsepower compared to larger agricultural machinery. This limitation constrains their ability to handle heavy-duty tasks such as large-scale plowing or extensive land clearing. Additionally, sub-compact tractors may lack the hydraulic capacity to operate certain high-powered attachments efficiently. Consequently, they are more suited for light to moderate tasks in small farms, gardens, or landscaping projects. This limitation restricts their appeal to commercial farmers or enterprises with extensive agricultural operations. For large-scale farming needs, buyers often opt for larger tractors with higher horsepower and greater hydraulic capabilities, leading to a limited market segment for sub-compact tractors.

Impact of COVID–19 on the Sub-Compact Tractors Market

The COVID-19 pandemic significantly impacted the sub-compact tractors market, creating both challenges and opportunities. During the initial phases of the pandemic, the market experienced disruptions in the supply chain, manufacturing, and distribution due to lockdowns, travel restrictions, and workforce shortages. This led to delays in the production and delivery of sub-compact tractors, affecting both manufacturers and consumers. However, as the pandemic continued, there was a surge in demand for sub-compact tractors. With more people spending time at ...

With revenue streams of around 40.8 billion U.S. dollars, Deere & Company was the world’s largest farm machinery manufacturer in 2023, ahead of Kubota Corp. and CNH Industrial. CNH Industrial N.V. sells agricultural and construction equipment under its Case and New Holland brands and is registered in North Holland, although its corporate offices are located in London. The top five is rounded off by AGCO and Claas. In 2019, AGCO has announced launching its German-made Fendt line in Brazil. Alongside its peer German competitor Claas as well as CNH’s Austria-based Steyr brand, Fendt is among Germany’s leading tractor manufacturers.  Tractor market gains traction The market for farm machinery comprises a plethora of machines and equipment used in farming, including combines and tractors. Between 2019 and 2020, the global tractor market expanded by six percent. The advent of artificial intelligence (AI) seems to bode well for an industry which is seeking to add autonomous tractors and drones to its segments.