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, India 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 2024 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, India is the fastest growing regional market and is projected to reach USD 78,205.1 million by 2030.
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tractors and Farm Equipment | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | https://www.tafe.com |
| Escorts | View profile | 5001-10000 | Faridabad, Haryana, India, Asia | https://www.escortsgroup.com/ |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | http://yanmar.com |
| International Tractors Ltd | View profile | 501-1000 | Hoshiarpur, Punjab, India, Asia | http://www.international.sonalika.com/ |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | https://claas-gruppe.com |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Mahindra & Mahindra Ltd DR | View profile | 61874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | https://www.mahindra.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
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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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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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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