Italy Agricultural Tractor Market Size & Outlook
Italy agricultural tractor market, 2018-2030 (US$M)
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Italy agricultural tractor market highlights
- The Italy agricultural tractor market generated a revenue of USD 493.0 million in 2023 and is expected to reach USD 807.2 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, more than 100 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 493.0 million |
| Market revenue in 2030 | USD 807.2 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | More than 100 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, Italy accounted for 0.5% 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 Europe, France agricultural tractor market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,361.9 million by 2030.
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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.
More than 100 hp was the largest segment with a revenue share of 37.85% in 2023. Horizon Databook has segmented the Italy 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.
Italy is the third-largest tractors market in Europe. The main forces behind the expansion of the complete value chain in the Italian agricultural industry are the government of Italy's programs and initiatives to streamline finance and enhance agricultural-related businesses.
Italian tractor manufacturers such as Lamborghini Trattori, Same & Deutz-Fahr brands of SDF Farming Technology are at the forefront of developing and implementing cuttingedge technologies in their tractor models.
These technologies include precision farming systems, GPS guidance, telematics, and automated features that improve efficiency, productivity, and sustainability in agriculture.
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Our clientele includes a mix of agricultural tractor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy agricultural tractor market , including forecasts for subscribers. This country databook contains high-level insights into Italy agricultural tractor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy agricultural tractor market size, by engine power, 2018-2030 (US$M)
Italy Agricultural Tractor Market Outlook Share, 2023 & 2030 (US$M)
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