The United States Agricultural Tractor Machinery Market Report is Segmented by Product Type (Plowing and Cultivating Machinery, Planting Machinery, Sprayers, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Tractor Market is Segmented by Horsepower (Below 40 HP, and More), Drive Type (Two-Wheel Drive and Four-/All-Wheel Drive), Propulsion Type (Diesel, Battery-Electric, and Hybrid), Application (Agriculture, Construction, Forestry, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The Bangladeshi crawler tractor market rose remarkably to $473M in 2024, picking up by 12% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $509M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

The Tanzanian tractor market soared to $431M in 2024, with an increase of 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a resilient increase. Tractor consumption peaked in 2024 and is expected to retain growth in years to come.

For the fourth year in a row, the Ukrainian tractor market recorded growth in sales value, which increased by 20% to $1.9B in 2024. In general, consumption continues to indicate a relatively flat trend pattern. Tractor consumption peaked at $2.6B in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

The global downhole tractor market is projected to reach USD 7,088.4 million by 2035, recording an absolute increase of USD 3,054.8 million over the forecast period. The market is valued at USD 4,033.6 million in 2025 and is set to rise at a CAGR of 5.8% during the assessment period.

Metric	Value
Market Value (2025)	USD 4,033.6 million
Market Forecast Value (2035)	USD 7,088.4 million
Forecast CAGR (2025 to 2035)	5.8%

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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 Ltd.

This statistical

Discover the booming mini tractor market! Explore key trends, growth drivers, and regional analysis for this dynamic sector, featuring insights into leading companies like John Deere and Kubota. Learn about market segmentation by horsepower and application, and project your business strategy with our comprehensive forecast to 2033.

In financial year 2023, the leading vendor in tractors market in India was ***********************, with more than ** percent. The tractor sales reached more than *** thousand units the same period. It was a **** percent increase from the previous year.

In 2015, John Deere held the greatest share of the sales volume of tractors in the European market. **** 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 **** percent of the European tractor market share.

CNH and AGCO held together almost ** percent of the European market for tractors in 2015

Even if John Deere on its own controlled **** percent of the market in 2015, it is important to notice that New Holland, Case IH and Steyr together accounted for **** 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 **** percent of the market share with **** percent for Case New Holland, AGCO’s net income for 2015 was *** 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 **** billion dollars.

The Utility Tractor Market Report is Segmented by Geography Into North America, Europe, Asia-Pacific, South America, and Africa. The Report Offers the Market Size and Forecasts for Volume in (units) and Value in (USD) for all the Above Segments.

The North American terminal tractor market size was valued at USD 134.04 billion in 2024 and is estimated to grow from USD 140.31 billion in 2025 to reach USD 211.77 billion by 2033, growing at a CAGR of 4.68% during the forecast period (2025–2033).
Report Scope:

Report Metric	Details
Market Size in 2024	USD 134.04 Billion
Market Size in 2025	USD 140.31 Billion
Market Size in 2033	USD 211.77 Billion
CAGR	4.68% (2025-2033)
Base Year for Estimation	2024
Historical Data	2021-2023
Forecast Period	2025-2033
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered	By Application,By Drive Type,By Tonnage,By Type,By Propulsion,By Region.

• The global industry was valued at US$ 1.0 Bn in 2023
• It is estimated to advance at a CAGR of 24.3% from 2024 to 2034 and reach US$ 12.1 Bn by the end of 2034

Electric Tractor Market Introduction

Attribute	Detail
Market Drivers	Surge in Government Initiatives to Reduce Agricultural Pollution Growth in Adoption of Hydrogen Fuel Based Vehicles

Regional Outlook of Global Electric Tractor Industry

Attribute	Detail
Leading Region	Asia Pacific

Electric Tractor Market Snapshot

Attribute	Detail
Market Size in 2023	US$ 1.0 Bn
Market Forecast (Value) in 2034	US$ 12.1 Bn
Growth Rate (CAGR)	24.3%
Forecast Period	2024-2034
Historical Data Available for	2020-2022
Quantitative Units	US$ Bn for Value and Thousand Units for Volume
Market Analysis	It includes segment analysis as well as regional level analysis. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape	Market share analysis by company (2023) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format	Electronic (PDF) + Excel
Market Segmentation	Propulsion Battery Electric Hybrid Electric Hydrogen Battery Type Lithium-ion Batteries Lithium Iron Phosphate (LFP) Lithium Nickel Manganese Cobalt Oxide (LI-NMC) Sodium-ion Batteries Solid State Batteries Others Battery Capacity <50 KWH 51-100 KWH >100 KWH Equipment Type Electric Sprayers Electric Weeders Others Level of Automation Manual Semi/Fully Automatic Drive Type Two Wheel Drive All Wheel Drive (AWD) Application Agriculture Harvesting Seed Sowing Spraying Others Utility Industrial Others
Regions Covered	North America Europe Asia Pacific South America Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Italy Spain Germany Japan China India Brazil GCC South Africa
Companies Profiled	AGCO Corporation Argo Tractors S.p.A. Cellestial E-Mobility Pvt Ltd CNH Industrial N.V. Deere & Company Escorts Kubota Limited Weichai Lovol Intelligent Agricultural Technology CO., LTD Sonalika KUBOTA Corporation Monarch Tractor Proxecto SOLECTRAC. VST TRACTORS YANMAR HOLDINGS CO., LTD. Ztractor
Customization Scope	Available upon request
Pricing	Available upon request

In 2024, the South African agricultural and forestry tractor market decreased by -5.5% to $618M, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a notable expansion. As a result, consumption reached the peak level of $2.3B. From 2023 to 2024, the growth of the market remained at a lower figure.

The Europe Tractor Industry size was valued at USD 15.47 Million in 2023 and is projected to reach USD 21.62 Million by 2032, exhibiting a CAGR of 4.90 % during the forecasts periods. Recent developments include: December 2021: A strategic partnership between SDF and DEUTZ was expanded. Both companies have a successful business partnership that began in the 1980s. The companies have reached an agreement for a long-term supply agreement to provide both the sub-4 and above-4 liter range engines and the DEUTZ TCD 4.1, 6.1, and 7.8 engines., December 2020: AGCO introduced the Challenger MT800 Series track tractors, which boast new engine and transmission combinations, an enhanced track and chassis system, more hydraulic and hitch options, and a redesigned operator-friendly cab., September 2020: Fendt, a global brand of AGCO Corporation, introduced the Fendt 900 Vario MT Series track tractors, which deliver a high level of track tractor performance, ride comfort, and operating efficiency., July 2020: Deere & Company launched rugged, heavy-duty compact utility tractors. The 3D Series compact utility tractors offer a powerful, affordable, and easy-to-use solution in agriculture.. Key drivers for this market are: Shortage of Skilled Labor, Government Support to Enhance Farm Mechanization. Potential restraints include: Heavy Initial Procurement Cost and High Expenditure on Maintenance. Notable trends are: Rising Farm Labor Cost is Driving the Market for Tractors.

Explore Thailand's tractor market projected to reach 70,872 units by 2030, driven by government policies, income growth, and focus on modern farming practices.

The Greek agricultural and forestry tractor market was finally on the rise to reach $48M in 2024, after two years of decline. Overall, consumption enjoyed a prominent increase. Agricultural and forestry tractor consumption peaked at $1.1B in 2015; however, from 2016 to 2024, consumption failed to regain momentum.

The global electric farm tractor market size is projected to grow from USD 184.38 million in 2025 to USD 487 million by 2035, recording a CAGR of 10.2%. Companies at the forefront of the industry include John Deere, CNH Industrial, Kubota, AGCO, Solectrac, with strong portfolios and strategic initiatives.

The Sri Lankan pedestrian-controlled tractor market shrank notably to $336K in 2024, with a decrease of -86.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a sharp decline.

• The global industry was valued at US$ 2.7 Bn in 2022
• It is estimated to advance at a CAGR of 18.2% from 2023 to 2031 and reach US$ 12.3 Bn by the end of 2031

Market Introduction

Attribute	Detail
Market Drivers	Rise in Adoption of Precision Farming Labor Shortages and Cost Pressures

Regional Outlook

Attribute	Detail
Leading Regions	Asia Pacific

Autonomous and Semi-autonomous Tractors Market Snapshot

Attribute	Detail
Market Value in 2022 (Base Year)	US$ 2.7 Bn
Market Forecast Value in 2031	US$ 12.3 Bn
Growth Rate (CAGR)	18.2%
Forecast Period	2023-2031
Historical Data Available for	2017-2021
Quantitative Units	US$ Bn for Value and Thousand Units for Volume
Market Analysis	Qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, and SWOT analysis. Furthermore, at the regional level, the qualitative analysis includes key trends, price trends, and key supplier analysis.
Competition Landscape	Prominent Players – Competition Dashboard and Revenue Share Analysis, 2022 Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
Format	Electronic (PDF) + Excel
Market Segmentation	Technology Driverless Tractors Driver-assisted Tractors Power Output Below 30 HP 31 HP to 100 HP 101 HP and above Component GPS Radar LiDAR Camera/Vision Systems Ultrasonic Sensors Handheld Devices Application Agriculture Harvesting Seed Sowing Irrigation Others
Regions Covered	North America South America Asia Pacific Europe Middle East & Africa
Countries Covered	U.S. Canada Germany U.K. France Spain Italy Japan China India ASEAN Brazil Mexico GCC South Africa
Companies Profiled	Ag Leader Technology AGCO Corporation Agjunction LLC Autonomous Solutions Inc. CLAAS KGaA mbH CNH Industrial N.V. Deere & Company Raven Industries, Inc. Escorts Kubota Limited KUBOTA Corporation Alamo Group Trimble, Inc. Mahindra & Mahindra Ltd. YANMAR HOLDINGS CO., Ltd. SAME DEUTZ-FAHR Italia S.p.A.
Customization Scope	Available upon Request
Pricing	Available upon Request