Farm Tractor Market
Farm Tractor Market Study by Two-wheel Drive and Four-wheel Drive of Up to 30 HP, 31 HP to 100 HP, 101 HP to 200 HP, and Above 200 HP from 2024 to 2034
Analysis of Farm Tractor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Farm Tractor Market Outlook (2024 to 2034)
The global farm tractor market is calculated at a size of US$ 78.46 billion in 2024. As per this latest research by Fact.MR, worldwide sales of agricultural tractors are projected to increase at a CAGR of 5.3% to top US$ 131.5 billion by the end of 2034.
Tractors play an important role in farm mechanization, allowing farmers to increase productivity and overall yield. Farm tractors are used to pull implements across the field for numerous farming operations such as tilling, planting, and harvesting crops. These tractors are also employed for soil preparation and are the most versatile piece of farm machinery. Farm tractors have useful features such as power and accessories that are mounted to them. Tillers, front-end loaders, spreaders, plows, box blades, and trailers are some of the most used accessories.
Global farm tractor market growth is being driven by increasing demand for safe and high-quality food items. Farm tractor companies are also benefiting from advantageous lending arrangements for farmers that allow them to invest in high-end agricultural machinery to boost farm output.
Key Market Growth Drivers
- An ongoing farm tractor market trend that is boosting product demand is increasing focus on technological innovations such as autonomous and electric tractors, which is leading to more environment-friendly and efficient farm tractors.
- Due to continuous advancements in machinery and fuel technology, tractors can now run on compressed natural gas, liquefied natural gas, vegetable oil, kerosene, diesel, and propane.
- Popularity of advanced technology such as automation, telematics, and GPS tractors is growing because these help in driving productivity and efficiency.
- Demand for farm tractors is rising as agricultural activities are continuously increasing across the world. Tractor use is rising among farmers as a means of improving output and more effective management of bigger farm areas.
- Governments in several countries are encouraging farmers to adopt tractors through financial incentives, low-interest loans, and subsidies to boost agricultural productivity.
- Need to cultivate previously uncultivated areas and the growth of agricultural operations are driving the need for farm tractors. When it comes to planting, clearing land, and other critical farming tasks, tractors are the ideal choice for these activities.
| Report Attribute | Detail |
|---|---|
| Farm Tractor Market Size (2024E) | US$ 78.46 Billion |
| Forecasted Market Value (2034F) | US$ 131.5 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.3% CAGR |
| East Asia Market Share (2024E) | 42.1% |
| North America Market Value (2024E) | US$ 20.16 Billion |
| Two-wheel Drive (2WD) Segment Value (2034F) | US$ 100.5 Billion |
| Up to 30 HP Segment Value (2034F) | US$ 27.1 Billion |
| Key Companies Profiled | Kubota Corporation; Mahindra & Mahindra Ltd.; Claas KGaA mbH; Antonio Carraro; Escorts Group; Force Motors Ltd.; New Holland Agriculture; Yanmar Co., Ltd.; Indo Farm Equipment Limited; AGCO Corporation; Argo Tractors S.p.A; CNH Industrial Österreich GmbH. |
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Why are Sales of Farm Tractors Increasing Steadily Worldwide?
“Increasing Popularity of Precision Farming Methods”
Precision farming and the growing use of advanced farm technologies to increase output are contributing to global farm tractor market size expansion. The agricultural tractor market is also benefitting from the rising number of farm training programs that promote the use of agricultural machinery on a large scale.
Precision farming is gaining popularity among farmers who want to produce more with fewer resources. Precision farming technology makes better use of seeds, water, fertilizers, soil, and agricultural equipment, culminating in greater yields and better quality. This farming technology is helping to efficiently tackle the problem of global food scarcity. Moreover, precision farming also enables farmers to increase productivity and boost operating effectiveness, thereby narrowing the supply-demand gap for agricultural products.
What Do Farm Tractor Manufacturers Need to Content With?
“Easy Availability of Rental Farm Tractors across Regions”
Farm equipment purchases such as harvesters and tractors are a huge investment. Farm machinery costs include all the procedures associated with developing, manufacturing, and distributing the equipment. Farm equipment adoption in developing countries is less due to small farmers' reluctance to invest large sums of money.
Many farmers rent farm equipment to increase output and turnaround time, which increases their business's profitability and efficiency. Renting farm equipment is less expensive than purchasing these machinery with a traditional loan from a banking institution.
Worldwide scarcity of agricultural workers, combined with rising labor wages, is driving the expansion of the farm equipment rental market. Modern agricultural equipment rental technology is becoming more important for operational profitability and efficiency. It enables small-scale farmers to rent expensive farming equipment to enhance their production.
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Country-wise Insights
In 2024, East Asia is forecasted to lead with 42.1% of the worldwide farm tractor market share. Europe is a key market for farm tractors due to the vast agricultural areas in many European countries such as Germany, Spain, etc.
Why is Adoption of Farm Tractors High in the United States?
“Government Offering Subsidies & Tax Breaks to Boost Agricultural Output”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 18.39 Billion |
| Growth Rate (2024 to 2034) | 5.3% CAGR |
| Projected Value (2034F) | US$ 30.76 Billion |
To encourage the use of contemporary agricultural machinery, federal and state governments in the United States offer various grants, subsidies, and tax breaks. These financial aids lessen the farmers' overall financial burden, enabling them to purchase more advanced machinery such as farm tractors, at more reasonable prices. Such incentives encourage farmers to replace their outdated tractors or equipment with more efficient, technologically updated models, thereby increasing the demand for new farm tractors by removing some of the financial barriers to machinery upgrades. Continuous modernization of the agricultural sector and improvements in farm outputs are being greatly aided by government support in the country.
Why are Farm Tractors Important for Agriculture Activities in Japan?
“Well-Established Food Processing Companies”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 8.47 Billion |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 14.38 Billion |
Sales of farm tractors are increasing steadily in Japan due to the high emphasis on food security and self-sufficiency. Considering that Japan has less agricultural land as compared to many other countries, With the help of tractors, farmers are able to cultivate, tend, and harvest crops more efficiently, increasing agricultural productivity and guaranteeing a consistent supply of food. Well-established packaged and instant food companies in Japan heavily rely on local agricultural activities, which necessitates high adoption of farm tractors across the country.
Food processing companies widely use agricultural products as ingredients in their goods, which increases the demand for farmers' raw commodities. Farmers are utilizing farm tractors to boost output and efficiency in their agricultural activities such as planting, harvesting, and transporting crops, to satisfy this rising demand.
Category-wise Insights
Based on power output, the market is segmented into up to 30 HP, 31 HP to 100 HP, 101 HP to 200 HP, and above 200 HP farm tractors. Revenue from up to 30 HP farm tractors is high; however, demand for 31 HP to 100 HP farm tractors is projected to rise at 7.9% CAGR from 2024 to 2034.
Why are Two-Wheel Farm Tractors More Popular Than Other Variants?
“Affordability and Adaptability of Two-Wheel Farm Tractors”
| Attribute | Two-Wheel Drive (2WD) |
|---|---|
| Segment Value (2024E) | US$ 55.22 Billion |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 100.5 Billion |
Two-wheel farm tractors are more in demand in comparison with four-wheel variants because of their affordability, adaptability, and being an ideal fit for small-scale farming. Due to their lower cost, two-wheel tractors, also referred to as walk-behind tractors or power tillers, are more affordable for smaller farmers with tight budgets. Also, their small size and agility enable them to be operated effectively on limited areas of land and squeeze through tight gaps. These tractors are commonly utilized for various jobs such as transporting, harrowing, plowing, and tilling. They offer small-scale farmers a useful and affordable option for their operations.
Why are Farm Tractors of Up to 30 HP Power Output Widely Preferred?
“Ideal Choice for Small- and Medium-Scale Farming”
| Attribute | Up to 30 HP |
|---|---|
| Segment Value (2024E) | US$ 15.46 Billion |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 27.1 Billion |
Farm tractors of up to 30 HP output are widely used because they are best suited for small- and medium-size farming. Due to their relative compactness, these tractors are simple to handle around typical farm obstacles and in small places. Compact tractors with this power range harmoniously combine price and functionality. They are reasonably fuel-efficient and inexpensive to run and maintain, yet strong enough to tackle various activities such as tilling, plowing, and carrying, and using different tools.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
Key players in the farm tractor market are investing in technological developments to improve the productivity, efficiency, and precision of their products. The prime objective of these developments includes telematics, precision farming technologies, and mainly autonomous and semi-autonomous capabilities.
- In August 2023, under the 'OJA' sub-brand platform, Mahindra & Mahindra announced a new line of lightweight four-wheel drive tractors. There are seven variants in the range with 21 to 40 horsepower (HP) capacity.
- In August 2023, the T4 Electric Power Tractor, developed by New Holland Agriculture, was the first all-electric utility tractor with autonomous features to be launched in the market.
- In August 2021, Deere & Business acquired Bear Flag Robotics, an AgTech company. This acquisition will assist the former company in meeting consumer needs and growing its customer base.
- In July 2021, New Holland North America introduced the T7 Heavy-duty Tractor with PLM Intelligence to its farm tractor portfolio. The new tractor is designed to help farmers be more efficient by enabling them to multitask in a range of fields and transport applications.
- In February 2021, TAFE (Tractors and Farm Equipment), the maker of Massey Ferguson tractors, launched its new DYNATRACK Series, which is a modern variety of tractors that provide advanced technologies, dynamic performance, unparalleled utility, and flexibility, all concocted into a single powerful tractor.
Fact.MR provides detailed information about the price points of key manufacturers of farm tractors positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Farm Tractor Market Research
-
By Power Output :
- Up to 30 HP
- 31 HP to 100 HP
- 101 HP to 200 HP
- Above 200 HP
-
By Drive Type :
- Two-wheel Drive
- Four-wheel Drive
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Power Output
- 6.2. Drive Type
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Power Output
- 7.1. Up to 30 HP
- 7.2. 31 HP to 100 HP
- 7.3. 101 HP to 200 HP
- 7.4. Above 200 HP
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Drive Type
- 8.1. Two-wheel Drive
- 8.2. Four-wheel Drive
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. East Asia
- 9.6. South Asia & Pacific
- 9.7. Middle East & Africa
- 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Sales Forecast 2024 to 2034 by Power Output, Drive Type, and Region for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Kubota Corporation
- 19.2. Mahindra & Mahindra Ltd.
- 19.3. Claas KGaA mbH
- 19.4. Antonio Carraro
- 19.5. Escorts Group
- 19.6. Force Motors Ltd.
- 19.7. New Holland Agriculture
- 19.8. Yanmar Co., Ltd.
- 19.9. Indo Farm Equipment Limited
- 19.10. AGCO Corporation
- 19.11. Argo Tractors S.p.A
- 19.12. CNH Industrial Österreich GmbH
- 20. Assumptions and Acronyms Used
- 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Power Output, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Power Output, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Power Output, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by Drive Type, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by Drive Type, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by Drive Type, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by Drive Type, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Power Output, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Power Output, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Power Output, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by Drive Type, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by Drive Type, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by Drive Type, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the farm tractor market at present?
The global market for farm tractors is estimated at US$ 78.46 billion in 2024.
What is the projected revenue from farm tractor sales by 2034?
The farm tractor market is projected to reach a size of US$ 131.5 billion by 2034.
What is the demand growth projection for farm tractors?
Worldwide demand for farm tractors is forecasted to rise at a CAGR of 5.3% from 2024 to 2034.
What is the farm tractor market forecast for South Korea?
The market in South Korea is projected to reach US$ 7.7 billion by 2034.
Who are the market leaders in the farm tractor industry?
Key farm tractor manufacturers are Kubota Corporation, Mahindra & Mahindra Ltd., Claas KGaA mbH, Antonio Carraro, and Escorts Group.
Which drive type of farm tractor is most widely popular?
Sales of two-wheel farm tractors are projected to reach US$ 100.5 billion by 2034.
Which region is projected to account for a significant market share?
East Asia is projected to hold 42.1% of the global market share in 2024.
Farm Tractor Market