Global Agricultural Tractor Market Size & Outlook
Global agricultural tractor market, 2018-2030 (US$M)
Related Markets
Global agricultural tractor market highlights
- The global agricultural tractor market generated a revenue of USD 104,751.7 million in 2023 and is expected to reach USD 183,873.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.4% by 2030.
- In terms of segment, less than 40 hp accounted for a revenue of USD 37,833.5 million in 2023.
- Less than 40 Hp is the most lucrative engine power segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 104,751.7 million |
| Market revenue in 2030 | USD 183,873.9 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Less than 40 hp |
| Fastest growing segment | Less than 40 Hp |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 Hp, 41 to 100 Hp, More than 100 Hp |
Other key industry trends
- In terms of revenue, the North America accounted for 13.8% of the global agricultural tractor market in 2023.
- By country, the India is projected to lead the global market in terms of revenue in 2030.
- By country, Australia is the fastest growing regional market and is projected to reach USD 402.5 million by 2030.
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global agricultural tractor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agricultural tractor market will help companies and investors design strategic landscapes.
Less than 40 hp was the largest segment with a revenue share of 36.12% in 2023. Horizon Databook has segmented the Global agricultural tractor market based on less than 40 hp, 41 to 100 hp, more than 100 hp covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Agricultural Tractor Engine Power Outlook (Revenue, USD Million, 2018-2030)
- Less than 40 Hp
- 41 to 100 Hp
- More than 100 Hp
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Target buyers of Global agricultural tractor market databook
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Our clientele includes a mix of agricultural tractor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global agricultural tractor market , including forecasts for subscribers. This global databook contains high-level insights into Global agricultural tractor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global agricultural tractor market size, by regions, 2018-2030 (US$M)
Top 10 countries: Agricultural tractor market size, 2023 (US$M)
Global agricultural tractor market share, by engine power, 2023 & 2030 (%, US$M)
Agricultural tractor market: Opportunity assessment by country
Global agricultural tractor market, by region, 2023 (US$M)
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