Australia Agricultural Tractor Market Size & Outlook
Australia agricultural tractor market, 2018-2030 (US$M)
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Australia agricultural tractor market highlights
- The Australia agricultural tractor market generated a revenue of USD 309.2 million in 2023 and is expected to reach USD 402.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, less than 40 hp was the largest revenue generating engine power in 2023.
- Less than 40 Hp is the most lucrative engine power segment registering the fastest growth during the forecast period.
Agricultural tractor market data book summary
| Market revenue in 2023 | USD 309.2 million |
| Market revenue in 2030 | USD 402.5 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Less than 40 hp |
| Fastest growing segment | Less than 40 Hp |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 Hp, 41 to 100 Hp, More than 100 Hp |
| Key market players worldwide | AGCO Corp, CNH Industrial NV, Deere & Co, CLAAS, Kubota Corp, Mahindra & Mahindra Ltd DR, International Tractors Ltd, Yanmar, Escorts, Tractors and Farm Equipment |
Other key industry trends
- In terms of revenue, Australia accounted for 0.3% of the global agricultural tractor market in 2023.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India agricultural tractor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific 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 |
|---|
Australia 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 33.93% in 2023. Horizon Databook has segmented the Australia 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.
The major factors influencing the growth of the agricultural tractors market in Australia include government programs and initiatives to facilitate finance and enhance agriculture-related operations.
In September 2020, the Agricultural Ministry of Australia releases the national agricultural innovation policy statement, a key component of the Australian Government's National Agricultural Innovation Agenda.
As part of Delivering Ag2030, which aims to grow the agricultural sector to USD 100 billion by 2030, the Australian government has made establishing agricultural innovation systems a top priority. The fluctuating cost of traditional fuels such as diesel impacts the selling of tractors.
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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 country-level data and insights on the Australia agricultural tractor market , including forecasts for subscribers. This country databook contains high-level insights into Australia agricultural tractor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia agricultural tractor market size, by engine power, 2018-2030 (US$M)
Australia Agricultural Tractor Market Outlook Share, 2023 & 2030 (US$M)
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