The Report Covers Global Tractor Market is Segmented by Horsepower (Below 40 HP, 40 HP - 100 HP, and Above 100 HP), by Drive Type (Two-Wheel Drive and Four-Wheel Drive/All-Wheel Drive), and by Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers Market Size and Forecasts in Terms of Value in USD Billion for all the Above Segments.

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.

The North American Agricultural Tractor Machinery Market Report is Segmented by Type (below 40 HP, 40-100 HP, Above 100 HP, and 4 WD Farm Tractors) and Geography (United States, Canada, Mexico, and the Rest of North America). The Report Offers the Market Size and Forecasts for Volume in (Units) and Value in (USD) for all the Above Segments.

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 ...

North America Agricultural Machinery Market size was valued at USD 37.37 Billion in 2024 and is projected to reach USD 67.06 Billion by 2031, growing at a CAGR of 7.90% from 2024 to 2031.

The North America agricultural machinery market is driven by increasing farm mechanization to enhance productivity and efficiency. Rising labor shortages, coupled with growing demand for high-yield crop production, push farmers toward advanced machinery like tractors, harvesters, and precision farming equipment. Government incentives and subsidies further accelerate adoption, making modern equipment more accessible.

Technological advancements, including automation, GPS-guided machinery, and AI-driven precision farming, significantly boost market growth. The rising trend of sustainable farming and the integration of IoT and telematics improve operational efficiency. Additionally, strong investment in R&D by key players fosters innovation, driving continuous market expansion.

The global agricultural tractors market, currently valued at approximately $XX million (estimated based on available CAGR and market trends), is projected to experience steady growth, with a Compound Annual Growth Rate (CAGR) of 3.73% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing global population necessitates higher agricultural output, boosting demand for efficient farming machinery like tractors. Secondly, technological advancements, such as the integration of precision farming techniques and automation, are improving tractor efficiency and productivity, thereby fueling market growth. Furthermore, favorable government policies promoting agricultural modernization and mechanization in developing economies are significantly contributing to market expansion. The market is segmented by drive type, with two-wheel drive and all-wheel drive tractors catering to diverse farming needs and terrains. Major players like Deere & Company, CNH Industrial, and Kubota Corporation are leading the market, employing various competitive strategies including product innovation, mergers and acquisitions, and geographic expansion to maintain market share. However, certain restraints are anticipated to moderate market growth. Fluctuating commodity prices, coupled with the high initial investment cost of tractors, can deter farmers, particularly smallholder farmers in developing regions, from adopting this technology. Furthermore, environmental concerns related to emissions and fuel consumption are prompting the development of more sustainable solutions, which may temporarily affect the market trajectory until these technologies become mainstream. Regional growth varies, with North America and Europe currently holding significant market shares due to established agricultural practices and advanced farming technologies. However, Asia-Pacific, particularly India and China, is anticipated to witness substantial growth in the coming years due to expanding agricultural land and increasing government support for agricultural modernization. The competitive landscape is highly fragmented, with numerous established players and emerging companies vying for market share, leading to intense competition and a constant push for innovation.

The Global Autonomous Tractors Market is Segmented by Horsepower (Up to 30HP, 31HP to 100HP, and Above 100HP), Automation (Fully Automated and Semi-automated), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in terms of value in USD million for the above-mentioned segments.

This statistic shows the share of tractor registrations in Denmark in 2015 by brand, in percent. The four most popular brands of tractor in Denmark in 2015 were all originally American companies. Combined they account for 70.5 percent of all Danish tractor sales.

The Report Covers Terminal Tractor Manufacturers and the Market is Segmented by Propulsion (Diesel, Hybrid, and Electric), Application (Inland Waterways and Marine, Railways, and Other Applications), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market sizes and forecasts are Provided in terms of value (USD million) for all the above segments.

Deere is a public company headquartered in Illinois with an estimated 83,000 employees. In the US, the company has a notable market share in at least six industries: Tractors & Agricultural Machinery Manufacturing, Construction Machinery Manufacturing, ATV, Golf Cart & Snowmobile Manufacturing, Precision Agriculture Systems & Services, ATV Manufacturing, Lawn and Garden Equipment Manufacturing and Precision Agriculture Systems & Services. Their largest market share is in the Tractors & Agricultural Machinery Manufacturing industry, where they account for an estimated 42.6% of total industry revenue.

The global walking tractor market is experiencing steady growth, driven by increasing demand for efficient and affordable agricultural solutions in developing economies. The rising labor costs in agriculture and the need for mechanization, particularly in small-scale farming, are key factors propelling market expansion. Technological advancements, such as improved engine efficiency and enhanced features like power tillers and rotavators, are further boosting adoption. While the market faced some temporary headwinds during the recent economic uncertainties, the long-term outlook remains positive, with a projected Compound Annual Growth Rate (CAGR) likely in the range of 4-6% from 2025 to 2033. This growth is anticipated to be particularly strong in regions with large agricultural sectors and a high concentration of smallholder farmers, such as Asia-Pacific and parts of Africa. The market segmentation by type (e.g., single-axle, two-axle) and application (e.g., paddy field cultivation, vegetable farming) reflects the diverse needs of agricultural practices across different geographies. Leading manufacturers are focusing on innovation and expanding their distribution networks to cater to this growing demand. The competitive landscape is characterized by a mix of established players and smaller, regional manufacturers, creating opportunities for both consolidation and niche market specialization. The market's resilience stems from the fundamental role walking tractors play in improving agricultural productivity and efficiency. Government initiatives promoting mechanization in agriculture, coupled with favorable financing options for farmers in many regions, are further supporting market growth. However, challenges remain, including the impact of fluctuating fuel prices, the availability of skilled labor for maintenance and repair, and the need for greater awareness of the benefits of walking tractors in certain regions. Despite these hurdles, the increasing adoption of sustainable agricultural practices and the growing emphasis on food security are expected to drive substantial market growth throughout the forecast period, leading to higher market penetration and market expansion into new regions.

According to Cognitive Market Research, the global Agricultural Tractor market size will be USD 75142.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 6011.41 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7514.26 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 56356.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1878.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1502.85 million in 2025. and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 1878.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Diesel category is the fastest growing segment of the Agricultural Tractor industry

Market Dynamics of Agricultural Tractor Market

Key Drivers for Agricultural Tractor Market

Advancements in Agricultural Mechanization Technology to Boost Market Growth

The growing adoption of advanced agricultural mechanization technology is a key driving factor in the agricultural tractor market. Technological innovations in tractor design, engine efficiency, and automated systems have significantly enhanced productivity and performance. Tractors are now equipped with precision farming tools, GPS systems, and automated steering mechanisms, allowing farmers to optimize land usage and reduce labor costs. Additionally, modern tractors are increasingly fuel-efficient, environmentally friendly, and equipped with improved horsepower to handle diverse terrains and crop types. As agricultural practices evolve to meet the growing demand for food production, tractors have become essential for large-scale, mechanized farming operations. The shift towards smart farming solutions, where data-driven insights are integrated into daily operations, is also pushing the market toward higher demand for technologically advanced tractors. For instance, CNH Industrial N.V. signed a long-term agreement with Monarch Tractor, an AgTech company, to develop fully electrified autonomous tractors. The initiative would enable the former company to increase its product portfolio.

https://www.monarchtractor.com/news/cnh-industrial-enters-into-exclusive-multi-year-technology-licensing-agreement-with-monarch-tractor

Increasing Global Population and Food Demand to Boost Market Growth

The increasing global population and the corresponding rise in food demand are significant drivers of the agricultural tractor market. As the global population continues to grow, reaching an estimated 9.8 billion by 2050, the need to produce more food efficiently is paramount. This has led to a surge in demand for mechanized farming solutions, especially tractors, to boost agricultural productivity. Tractors enable farmers to cultivate larger areas of land more quickly and with fewer resources, thereby increasing output. In regions with large agricultural economies, such as Asia, Africa, and Latin America, mechanization is seen as a necessary step to meet food security challenges. Tractors play a crucial role in improving the efficiency of planting, ploughing, and harvesting, ensuring a higher yield per acre.

Restraint Factor for the Agricultural Tractor Market

High Initial Cost and Maintenance Expenses Will Limit Market Growth

The high manufacturing costs and complexity of smart junction boxes are challenges that limit the growth of the Agricultural Tractor market. Smart junction boxes, which are designed to handle advanced electrical functions and integrate with modern vehicle technologies, require specialized components and advanced manufacturing processes. This increases production costs, making them more expensive than traditional junction boxes. Additionally, the intricate design and technological int...

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.

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 agricultural tractor parts market, valued at $7012 million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 5.2% from 2025 to 2033. This expansion is fueled by several key factors. Increasing global food demand necessitates higher agricultural output, leading to greater investment in tractors and their associated parts. Technological advancements, such as precision farming techniques and the incorporation of advanced electronics into tractors, are driving demand for sophisticated parts. Furthermore, the rising adoption of automation and intelligent farming solutions contributes to the growth of this market. Government initiatives aimed at improving agricultural infrastructure and supporting farmers in developing countries also play a significant role. The market is segmented by application (agricultural production, landscaping, forestry management, others) and by part type (engine parts, transmission system parts, electrical system parts, chassis parts, others). Key players like John Deere, CNH Industrial, and Kubota are at the forefront of innovation and market share. Regional analysis reveals a diverse market landscape. North America and Europe are currently leading regions, with established agricultural sectors and high tractor penetration rates. However, the Asia-Pacific region, particularly China and India, is expected to witness significant growth due to the expansion of agricultural activities and rising farmer incomes. The competitive landscape is characterized by both established multinational corporations and regional players. While established companies benefit from brand recognition and technological expertise, smaller players often focus on niche markets or provide cost-effective solutions. Future growth will be influenced by factors such as fluctuations in commodity prices, government policies, technological breakthroughs, and global economic conditions. The continued adoption of precision agriculture and the increasing demand for sustainable farming practices will shape future demand for specialized tractor parts.

The Report Covers Europe Agricultural Machinery Market, and It is Segmented by Horsepower (Less Than 40 HP, 40 To 99 HP, 100 To 150 HP, 151 To 200 HP, and Above 200 HP) and Geography (Germany, United Kingdom, France, Spain, Italy, Russia, Poland, and Rest of Europe). The Report Offers the Market Size in Terms of Volume (units) and Value (USD).

U.S Household Products Market size was valued at USD 1,393.20 Million in 2023 and is expected to reach USD 2,129.94 Million by the end of 2031 with a CAGR of 5.61% during the forecast period 2024-2031.

U.S Household Products Market Overview

The U.S Household Products Market is commanded by a handful of leaders using unique strategies to attract consumers and adapt to changing conditions in the market. Major players in this dynamic marketplace include Costco Wholesale Corporation, Tractor Supply Company, The Home Depot, Lowe’s Companies, Target Corporation, Wayfair Inc., Walmart Inc., Amazon.com, Ace Hardware Corporation, Inter IKEA Holding B.V., BJ’s Wholesale Club, and The Kroger Company.

North America Agricultural Tires Market size was valued at USD 937.27 Million in 2023 and is projected to reach USD 1,282.09 Million by 2030, growing at a CAGR of 5.36% during the forecast period 2024-2030.

North America Agricultural Tires Market Drivers

The market drivers for the North America Agricultural Tires Market can be influenced by various factors. These may include:

Sales of Agricultural Machinery: The demand for agricultural tyres is directly impacted by sales of agricultural machinery, including harvesters, combines, and tractors. The need for tyres to outfit these machines rises in response to higher sales of farm equipment.
Technological developments: New tyre technologies, such as airless tyres, radial tyres, and precision agriculture solutions, encourage consumers to replace their outdated tyres with more robust and energy-efficient models, which in turn accelerates market expansion.
Government Subsidies and Policies: The agricultural sector’s demand for tyres may be boosted by government initiatives that promote agricultural development, such as incentives for sustainable farming methods or subsidies for farm equipment.
Crop Production Trends: The need for agricultural tyres is influenced by variations in crop production levels brought on by variables such as weather, market demand, and governmental regulations. An increase in crop yield is usually accompanied by a rise in the need for tyres and agricultural equipment.
Trend towards Larger Farm Operations: The demand for larger, more durable tyres that can support heavier loads and offer superior traction is driven by the trend towards larger farm operations, which is typified by an increase in the area under cultivation and the employment of larger, more powerful machinery.
Replacement Cycle: The market’s recurring demand for new tyres is determined by the replacement cycle of agricultural tyres, which is impacted by variables such as tyre durability, frequency of use, and maintenance procedures.
Growing Mechanisation in Agriculture: As agricultural processes become more mechanised, there is a greater need for tyres for various types of agricultural machinery. This demand is a result of the requirement for enhanced productivity and efficiency.
Environmental Concerns: The introduction of tyre technology, such as low-pressure tyres and tyre inflation systems, that minimise soil disturbance and reduce fuel consumption is being driven by growing concerns about environmental sustainability and soil compaction.

This statistic shows the share of tractor registrations in Poland in 2015 by brand, in percent. The american companies New Holland and John Deere took the two spots at the top of the table, while the Czech brand Zetor was the third largest seller of tractors, claiming 13.47 percent of the polish market.