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.

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.

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.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The agricultural machinery manufacturing industry in the US is currently experiencing significant challenges due to high crop production and persistently high interest rates. While crop prices expanded machinery sales early in the current period, record-high crop production levels have since led to an oversupply, causing crop prices to plummet. Consequently, farmers' incomes have fallen, resulting in tightened budgets and deferred machinery purchases. Additionally, the market has been impacted by consistently high interest rates, making financing for new equipment less accessible. This financial strain has narrowed the profit for manufacturers, affecting smaller manufacturers more severely. Despite these obstacles, emerging markets in Southeast Asia, Africa and Latin America are providing new avenues for growth, with increased demand driven by the modernization of farming practices in these regions. Industry revenue has fallen at a CAGR of 3.4% over the current period to reach an estimated $38.1 billion after an increase of 1.0% in 2025. While agricultural price pressures loom large, significant transformative trends are occurring within the industry. Precision agriculture technologies are increasingly being adopted, with large farms leading the way due to their ability to absorb high upfront costs and achieve long-term savings. These technologies are helping to open new revenue streams and product lines for dominant companies like John Deere, which is investing heavily in research and development. Meanwhile, the rise of sustainability as a key industry driver encourages companies to develop eco-friendly and energy-efficient machinery. Manufacturers are focusing on electric and hybrid tractors to align with global climate goals and respond to consumer demand for sustainable products. The outlook for the agricultural machinery manufacturing industry isn’t that strong. Agricultural price declines are likely to persist through 2030, intensifying pressure on revenue growth. Climate change will demand increased adoption of precision agriculture technologies as farmers seek to optimize resource use amid erratic weather patterns, but it will also create additional volatility and crop failures, weakening this core customer base. Simultaneously, labor shortages in the agricultural sector will drive the uptake of autonomous machinery, presenting new growth opportunities for manufacturers that invest in AI-powered solutions. As sustainability becomes a cornerstone, innovation in electric and hybrid machinery will also become crucial to capturing market share. Companies that can adapt to these evolving conditions will be well-positioned to capture a larger share of the agricultural machinery manufacturing market. Industry revenue is forecast to continue its decline at a CAGR of 0.6% to reach $37.0 billion in 2030.

The global tractor market, valued at $49.56 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.8% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the increasing demand for food production globally necessitates the use of efficient agricultural machinery, driving sales of wheeled and crawler tractors, particularly in emerging economies with expanding agricultural sectors like India and China. Secondly, technological advancements in tractor design, including automation, precision farming capabilities, and improved fuel efficiency, are enhancing productivity and attracting investment. Finally, government initiatives promoting agricultural modernization and infrastructure development in various regions contribute significantly to market growth. However, factors like fluctuating fuel prices, stringent emission norms, and the high initial investment cost of advanced tractors pose challenges to market expansion. The market is segmented by application (agricultural and non-agricultural) and type (wheeled and crawler tractors). Within the agricultural segment, growth is particularly strong in regions such as Asia-Pacific, driven by rising populations and increasing arable land under cultivation. The non-agricultural segment, while smaller, is expected to witness growth due to its applications in construction and infrastructure projects. Key players such as John Deere, AGCO, CNH Industrial, and Kubota dominate the market, leveraging their established brand reputation and technological expertise. Competition is also intensifying from several Chinese manufacturers who are rapidly expanding their global presence. The market segmentation highlights further opportunities. The wheeled tractor segment is likely to maintain its larger market share due to its versatility and affordability. However, the crawler tractor segment is anticipated to witness a notable increase in demand driven by its superior performance in challenging terrains. Regional variations exist, with North America and Europe holding significant market shares due to high levels of agricultural mechanization and robust economies. However, the Asia-Pacific region is projected to exhibit the most significant growth during the forecast period, driven primarily by increasing agricultural output in countries like India and China. Successful market strategies for manufacturers will involve focusing on technological innovation, localization efforts for specific regional needs, and efficient supply chain management. The growing emphasis on sustainable agriculture will also push the adoption of fuel-efficient and environmentally friendly tractors, further shaping the industry's trajectory.

The global articulated tractor market is experiencing robust growth, driven by increasing demand for efficient and versatile agricultural machinery. This growth is fueled by several key factors, including the rising global population and the subsequent need for increased food production, the expansion of large-scale farming operations requiring high-capacity tractors, and the growing adoption of precision farming techniques. Technological advancements, such as improved engine efficiency, advanced GPS systems, and automated features, are also contributing to market expansion. While precise market size data for 2025 is not provided, based on industry reports and observed trends for similar agricultural equipment, a reasonable estimate for the global articulated tractor market size in 2025 could be around $3.5 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 5% (a figure commonly observed in the agricultural machinery sector), the market is projected to reach approximately $5.0 billion USD by 2033. The market is segmented by various factors, including tractor horsepower, application (e.g., tillage, haulage, and specialized tasks), and geographic region. Major players like John Deere, New Holland, Kubota, and Mahindra Tractors dominate the market, competing based on technological innovation, pricing strategies, and distribution networks. However, several regional players are emerging, particularly in Asia and South America, driven by increasing agricultural activity in these regions. Market restraints include fluctuating commodity prices, high initial investment costs for articulated tractors, and the potential impact of government regulations on emissions and safety. Despite these challenges, the long-term outlook for the articulated tractor market remains positive due to the continued growth in global food demand and technological advancements enhancing productivity and efficiency. This report provides a detailed analysis of the global articulated tractor market, projecting a market value exceeding $15 billion by 2030. It delves into key market dynamics, competitive landscapes, and future growth prospects, offering invaluable insights for industry stakeholders. The report utilizes rigorous data analysis and expert forecasts to provide a clear and actionable understanding of this specialized segment of the agricultural machinery sector.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

The lawn and garden tractor market is experiencing robust growth, driven by several key factors. The increasing popularity of landscaping services, both professional and residential, fuels demand for efficient and powerful equipment. Government initiatives promoting green spaces and urban beautification further contribute to market expansion. Technological advancements, such as improved engine efficiency, enhanced safety features, and the integration of smart technology, are attracting more customers. The market is segmented by tractor type (2-wheeled and 4-wheeled) and application (professional landscaping, residential, government, and others). The 4-wheeled tractor segment dominates due to its superior power and versatility, particularly favored by professional landscapers and government agencies. However, 2-wheeled tractors are gaining traction in the residential sector due to their maneuverability and affordability. The North American and European markets currently hold significant shares, but the Asia-Pacific region presents a high-growth potential driven by increasing disposable incomes and rising urbanization. While the market faces certain restraints, such as fluctuating raw material prices and stringent emission regulations, the overall outlook remains positive, with a projected Compound Annual Growth Rate (CAGR) ensuring consistent market expansion throughout the forecast period (2025-2033). Competition in the lawn and garden tractor market is intense, with both established players and new entrants vying for market share. Major manufacturers like John Deere, Kubota, Toro, and Husqvarna are leveraging their brand recognition and established distribution networks to maintain their dominance. However, smaller companies are innovating with specialized features and competitive pricing to carve out niches. The increasing emphasis on sustainability is driving the development of eco-friendly tractors with reduced emissions and improved fuel efficiency. Furthermore, the integration of advanced technologies, such as GPS-guided mowing systems and remote control capabilities, are expected to revolutionize the industry and attract tech-savvy customers. This technological advancement will likely lead to higher price points but also increased productivity and efficiency, ultimately justifying the investment for professionals. The market is expected to witness significant consolidation, as larger companies acquire smaller players to enhance their product portfolios and expand their reach.

The global garden and orchard tractor market, valued at approximately $X million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 4.50% from 2025 to 2033. This growth is fueled by several key factors. The increasing demand for efficient and specialized equipment in horticulture and fruit farming is a major driver. Modern garden and orchard tractors offer enhanced features such as precision farming capabilities (GPS guidance, automated steering), improved fuel efficiency, and versatile attachments, boosting productivity and reducing labor costs for farmers. Growing consumer preference for organic produce and the expansion of high-value crop cultivation further stimulate market demand. Technological advancements, such as the integration of smart sensors and data analytics for optimized crop management, are also contributing to market expansion. However, factors like the high initial investment cost associated with these tractors and fluctuations in fuel prices might pose challenges to market growth. The market is segmented based on horsepower, type (two-wheel drive, four-wheel drive), application (orchard, vineyard, greenhouse), and geographical region. Key players like Deutz-Fahr, CNH Global NV, Claas Tractor, AGCO Tractor, Kioti Tractor, Deere and Company, Mahindra Tractors, Kubota Tractor Corp, Case IH, McCormick Tractors, Farmtrac Tractor Europe, and Belarus Tractor are actively competing, driving innovation and improving product offerings to meet evolving market needs. The North American and European markets currently dominate, yet developing economies in Asia and Latin America present promising growth opportunities due to rising agricultural activity. The forecast period (2025-2033) anticipates continued market expansion, driven by sustained technological advancements and rising adoption in emerging markets. However, maintaining sustainable growth will require addressing challenges such as high purchase prices and the need for skilled operators. Manufacturers are focusing on developing cost-effective and user-friendly models to address affordability concerns and promote wider adoption. Furthermore, government initiatives promoting sustainable agricultural practices could further stimulate market growth by encouraging the adoption of fuel-efficient and environmentally friendly tractors. The competitive landscape remains dynamic, with existing players constantly investing in research and development to improve existing products and enhance their market share. The strategic partnerships and acquisitions that are common in the industry are likely to intensify further during this period. 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: Adoption of Garden and Orchard Type Tractors in Developing Regions.

The global tractors market, valued at $67.09 billion in 2025, is poised for substantial growth. While the exact CAGR is unspecified, considering the strong influence of agricultural mechanization and infrastructure development globally, a conservative estimate places the Compound Annual Growth Rate (CAGR) between 4% and 6% for the forecast period of 2025-2033. This growth is driven by several key factors. Rising global food demand necessitates increased agricultural productivity, fueling demand for efficient tractors. Furthermore, the ongoing shift towards large-scale farming and the adoption of precision agriculture technologies are key drivers. Government initiatives promoting agricultural modernization in developing economies also contribute significantly to market expansion. Segment-wise, wheeled tractors currently dominate the market due to their versatility and suitability for diverse applications. However, crawler tractors are expected to witness notable growth due to increasing demand from construction and infrastructure projects. Geographically, Asia-Pacific, particularly China and India, are expected to be major contributors to market growth due to their vast agricultural land and expanding economies. However, factors such as high initial investment costs for tractors and fluctuating fuel prices could act as restraints. Key players like John Deere, AGCO, CNH Industrial, and Kubota are expected to continue dominating the market through technological advancements, strategic partnerships, and expansion into new markets. The market is segmented by tractor type (wheeled and crawler), application (agriculture and non-agricultural), and region. North America and Europe currently hold significant market share, driven by advanced agricultural practices and high per-capita income. However, rapid economic growth and agricultural development in regions such as Asia-Pacific and South America are expected to lead to a shift in market dynamics over the forecast period, making these regions increasingly important growth hubs. The competition within the market is intense, with both established players and emerging manufacturers vying for market share through innovation in technology, efficient distribution networks, and targeted marketing strategies. The future of the tractor market is intertwined with the global food security narrative, and continued technological improvements will shape the market's trajectory in the coming years.

product market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.

The global agricultural wheeled tractor market is experiencing robust growth, driven by several key factors. Increasing global food demand, coupled with the need for efficient and mechanized farming practices, is significantly boosting market expansion. Technological advancements, such as the integration of precision farming technologies (GPS, auto-steering, variable-rate technology), are enhancing tractor productivity and optimizing resource utilization. Furthermore, favorable government policies aimed at promoting agricultural modernization and mechanization in developing economies are contributing to market expansion. The market is segmented by horsepower, application (tilling, planting, harvesting), and region. While mature markets like North America and Europe show steady growth, developing regions in Asia and Latin America exhibit higher growth rates due to increased adoption and government initiatives. Leading manufacturers are focusing on innovation to gain a competitive edge, including developing fuel-efficient models, advanced automation features, and improved operator comfort. The market also faces challenges, including fluctuating commodity prices, rising input costs (fuel, parts), and environmental concerns associated with emissions. Despite these challenges, the long-term outlook for the agricultural wheeled tractor market remains positive, with sustained growth anticipated over the forecast period due to the continuous demand for food security and agricultural efficiency. The competitive landscape is characterized by a mix of established global players and regional manufacturers. Major players like John Deere, Caterpillar, and AGCO Corporation dominate the market, leveraging their established brand reputation, extensive dealer networks, and technological capabilities. However, regional players are emerging with cost-effective solutions, targeting specific market segments. Strategic partnerships and mergers & acquisitions are also shaping the market dynamics, as companies strive to expand their product portfolios and geographic reach. Future growth will likely be fueled by advancements in alternative fuels (biofuels, electricity), autonomous driving technology, and data-driven precision agriculture solutions. Market players are investing heavily in research and development to meet evolving farmer needs and address sustainability concerns. The market's future trajectory will be influenced by global economic conditions, agricultural policies, and technological innovation, leading to a dynamic and competitive market landscape.

product market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.

The global Utility Task Vehicle (UTV) market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are not provided, a reasonable estimation, considering industry trends and growth rates observed in similar vehicle markets, would place the 2025 market size at approximately $15 billion USD. This sector demonstrates significant potential, projected to achieve a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This sustained growth is fueled by several key factors. The rise of recreational activities like off-roading and hunting is significantly boosting demand for sport UTVs. Simultaneously, the construction, agriculture, and landscaping industries are increasingly adopting work UTVs for their superior efficiency and maneuverability in challenging terrains. This dual-pronged demand, from both consumer and commercial segments, is the primary driver of market expansion. Furthermore, technological advancements in UTV design, including improved engine performance, enhanced safety features, and greater customization options, are contributing to the market's appeal. However, potential restraints include stringent emission regulations, fluctuating raw material prices, and the overall economic climate impacting consumer spending. The market segmentation reveals a significant portion attributed to the work UTV segment, reflecting its crucial role in various industries. The sport UTV segment is also exhibiting considerable growth, driven by rising disposable incomes and a growing interest in outdoor recreational activities. Major players like Polaris, John Deere, and Yamaha are strategically positioning themselves to capitalize on this growth, investing heavily in research and development, and expanding their product portfolios to cater to evolving consumer preferences and industry requirements. Regional analysis indicates that North America and Europe currently dominate the market, while the Asia-Pacific region exhibits significant growth potential, particularly in countries like China and India, due to increasing urbanization and infrastructure development. The forecast period (2025-2033) is expected to witness significant diversification of the UTV market with the entrance of new players and the rise of innovative technologies that make UTVs more versatile and user-friendly.

The global agriculture machinery market is experiencing robust growth, driven by increasing food demand, technological advancements, and the rising adoption of precision farming techniques. The market, valued at approximately $180 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the global population is continuously expanding, necessitating increased food production, creating a significant demand for efficient and technologically advanced agricultural machinery. Secondly, the integration of precision farming technologies such as GPS-guided tractors, automated harvesting systems, and sensor-based data analytics is enhancing efficiency and productivity in agriculture, leading to higher adoption rates. Furthermore, government initiatives aimed at promoting agricultural modernization and supporting farmers with advanced equipment are further accelerating market growth. The market segments are diverse, with wheel drive tractors, crawler tractors, harvesters, and sprayers representing major components. Application-wise, plowing, sowing, fertilizing, and harvesting & threshing dominate the market, reflecting the core needs of modern agricultural practices. Major players such as John Deere, CNH Industrial, Kubota, and AGCO are leading the market innovation, focusing on developing technologically advanced, fuel-efficient, and sustainable machinery. However, high initial investment costs, fluctuating raw material prices, and the dependence on favorable weather conditions pose challenges to the market's continued expansion. Regional variations are also significant, with North America and Europe currently holding substantial market shares, while the Asia-Pacific region is projected to witness significant growth driven by expanding agricultural lands and rising farmer incomes in countries like India and China. The competition within the market is intense, with both established multinational corporations and regional manufacturers vying for market share. This competitive landscape is likely to drive further innovation and price optimization in the coming years. This in-depth report provides a comprehensive analysis of the global agriculture machinery market, valued at $250 billion in 2023 and projected to reach $350 billion by 2030. It delves into market segmentation, key players, emerging trends, and future growth opportunities, providing crucial insights for investors, manufacturers, and industry stakeholders. The report utilizes rigorous data analysis and expert forecasting to deliver actionable intelligence on this dynamic sector. Keywords: agricultural machinery market, farm equipment, tractor market, harvesting equipment, precision agriculture, agricultural technology, smart farming, agricultural automation.

The global skid-steer loader market is experiencing robust growth, driven by increasing infrastructure development, particularly in emerging economies, and the rising demand for efficient and versatile construction equipment. The market size in 2025 is estimated at $10 billion USD, exhibiting a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors, including the expanding construction sector, particularly in regions like Asia-Pacific and North America; the growing adoption of skid-steer loaders in agriculture and forestry for tasks like land clearing and material handling; and technological advancements leading to more fuel-efficient, powerful, and technologically advanced machines. The wheeled skid-steer loader segment currently holds the largest market share due to its versatility and suitability for a wider range of applications. However, crawler-type skid-steer loaders are gaining traction due to their superior performance in challenging terrains. The market is segmented by type (wheeled and crawler) and application (construction, logistics, agriculture & forestry, and others). While construction remains the dominant application segment, the increasing use of skid-steer loaders in agriculture and forestry, especially for precision farming and timber harvesting, is driving market expansion. However, the market faces certain restraints such as fluctuating raw material prices, stringent emission norms, and increasing labor costs. Major players like Bobcat, Caterpillar, CNH Industrial, John Deere, and others are investing in research and development to introduce innovative products with enhanced features, improved fuel efficiency, and enhanced safety measures to maintain their competitive edge. The competitive landscape is highly fragmented, with both established global players and regional manufacturers vying for market share. The Asia-Pacific region is projected to witness significant growth, driven by rapid urbanization and infrastructure development in countries like China and India. The North American market, while mature, continues to be a key revenue generator due to sustained construction activity and a robust agricultural sector.

product market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.