Farm Tractor Market by Drive Type (Two-wheel Drive, Four-wheel Drive), Engine Power (<30 HP, 31-100 HP, >100 HP), Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Farm Tractor Market Size

The global farm tractor market size was valued at $78.46 billion in 2023 and is projected to reach $114.48 billion by 2029, growing at a CAGR of 6.5% from 2023 to 2029.

Farm Tractor Market Overview

A farm tractor is a powerful agricultural vehicle designed to perform a variety of tasks on the farm. Typically equipped with large, rugged wheels and a robust engine, the tractor serves as a versatile workhorse essential to modern farming practices. Its primary functions include plowing fields, planting crops, cultivating soil, and hauling agricultural machinery or trailers. Tractors often feature a driver's seat positioned above the engine, providing the operator with a clear view of the surrounding terrain. These machines play a pivotal role in increasing efficiency and productivity on farms by mechanizing tasks that were once labor-intensive. With various attachments and implements, farm tractors adapt to different agricultural operations, making them indispensable tools in the cultivation of crops and the overall management of agricultural landscapes.

Market Dynamics:

Growth Drivers

• Rapid urbanization and changing dietary habits.
• Rising consumption of food due to population growth.

Constraints

• Technological complexity and cost constraints associated with tractors.
• Rural infrastructure limitations.

Market Segmentation:

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

Based on drive type, the market is bifurcated into two-wheel drive and four-wheel drive.

By engine power, the market is fragmented into <30 HP, 31-100 HP, and >100 HP.

Depending upon application, the market is sorted into agriculture, construction, mining, and other applications.

List of the Key Players Profiled in the Report Includes:

• Deere & Company
• CNH Industrial N.V
• AGCO Corporation
• Kubota Corporation
• Mahindra & Mahindra Ltd
• CLAAS KGaA mbH
• Tractors and Farm Equipment Limited
• Deutz-Fahr
• Fendt
• Landini
• Escorts Ltd
• Yanmar Co Ltd
• International Tractors Ltd

Market by, Geography:

The farm tractor 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 Farm Tractor 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 Farm Tractor 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 Farm Tractor Market by, Drive Type 
 6.1 Overview 
 6.2 Two-wheel Drive 
 6.3 Four-wheel Drive 
 
7 Global Farm Tractor Market by, Engine Power 
 7.1 Overview 
 7.2 <30 HP 
 7.3 31-100 HP 
 7.4 >100 HP 
 
8 Global Farm Tractor Market by, Application 
 8.1 Overview 
 8.2 Agriculture 
 8.3 Construction 
 8.4 Mining 
 8.5 Other Applications 
 
9 Global Farm Tractor Market by, Geography 
 9.1 Overview 
 9.2 North America 
 9.2.1 US
 9.2.2 Canada
 9.2.3 Mexico
 9.3 Europe 
 9.3.1 Germany
 9.3.2 France
 9.3.3 UK
 9.3.4 Italy
 9.3.5 Spain
 9.3.6 Rest of Europe
 9.4 Asia Pacific 
 9.4.1 China
 9.4.2 Japan
 9.4.3 India
 9.4.4 South Korea
 9.4.5 Australia
 9.4.6 New Zealand
 9.4.7 Rest of Asia Pacific
 9.5 South America 
 9.5.1 Brazil
 9.5.2 Argentina
 9.5.3 Chile
 9.5.4 Rest of South America
 9.6 Middle East & Africa 
 9.6.1 UAE
 9.6.2 Saudi Arabia
 9.6.3 Qatar
 9.6.4 Iran
 9.6.5 South Africa
 9.6.6 Rest of Middle East & Africa
 
10 Key Developments 
 
11 Company Profiling 
 11.1 Deere & Company 
 11.1.1 Business Overview
 11.1.2 Product/Service Offering
 11.1.3 Financial Overview
 11.1.4 SWOT Analysis
 11.1.5 Key Activities
 11.2 CNH Industrial N.V 
 11.3 AGCO Corporation 
 11.4 Kubota Corporation 
 11.5 Mahindra & Mahindra Ltd 
 11.6 CLAAS KGaA mbH 
 11.7 Tractors and Farm Equipment Limited 
 11.8 Deutz-Fahr 
 11.9 Fendt 
 11.10 Landini 
 11.11 Escorts Ltd 
 11.12 Yanmar Co Ltd 
 11.13 International Tractors Ltd