Agricultural Tractors Market by Horsepower (Less than 40 HP, 40 HP to 99 HP, 100 HP and Above), Product (Garden Tractors, Rotary Tillers, Row Crop Tractors, Utility Tractors, Other Products), and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Agricultural Tractors Market Size

The agricultural tractors market size was valued at $66.54 billion in 2023 and is projected to reach $93.33 billion by 2029, growing at a CAGR of 5.8% from 2023 to 2029.

Agricultural Tractors Market Overview

Agricultural tractors are versatile, heavy-duty vehicles designed for use in farming operations, serving as the backbone of modern agricultural mechanization. These robust machines are equipped with powerful engines and are characterized by their sturdy chassis and large, traction-enhancing tires. Agricultural tractors play a pivotal role in a wide range of farm tasks, including plowing, planting, cultivating, harvesting, and hauling. Their ability to tow various implements and attachments, such as plows, seeders, and harvesters, makes them indispensable for enhancing the efficiency and productivity of farm operations. Agricultural tractors are designed to navigate diverse terrains and are equipped with features like power take-off (PTO) systems and hydraulic systems to drive and control various implements. Over time, advancements in technology have led to the development of more sophisticated and specialized tractors, contributing significantly to the evolution and modernization of agriculture worldwide.

Market Dynamics:

Growth Drivers

• Rising population's high demand for food goods.
• Increasing demand for sustainable agricultural methods.

Constraints

• Technological barriers and adaptability.
• High initial costs.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on horsepower, the market is bifurcated into less than 40 hp, 40 hp to 99 hp, and 100 hp and above.

By product, the market is fragmented into garden tractors, rotary tillers, row crop tractors, utility tractors, and other products.

List of the Key Players Profiled in the Report Includes:

• AGCO Corporation
• CLAAS KGaA mbH
• CNH Industrial N.V.
• Deutz-Fahr
• JCB
• John Deere
• Kubota Corporation
• LS Mtron Ltd.
• Mahindra & Mahindra Ltd.
• Yanmar Co., Ltd.

Market by, Geography:

The agricultural tractors market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Agricultural Tractors Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Agricultural Tractors Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Agricultural Tractors Market by, Horsepower 
 6.1 Overview 
 6.2 Less than 40 HP 
 6.3 40 HP to 99 HP 
 6.4 100 HP and Above 
 
7 Global Agricultural Tractors Market by, Product 
 7.1 Overview 
 7.2 Garden Tractors 
 7.3 Rotary Tillers 
 7.4 Row Crop Tractors 
 7.5 Utility Tractors 
 7.6 Other Products 
 
8 Global Agricultural Tractors Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 AGCO Corporation 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 CLAAS KGaA mbH 
 10.3 CNH Industrial N.V. 
 10.4 Deutz-Fahr 
 10.5 JCB 
 10.6 John Deere 
 10.7 Kubota Corporation 
 10.8 LS Mtron Ltd. 
 10.9 Mahindra & Mahindra Ltd. 
 10.10 Yanmar Co., Ltd.