FrequentlyAsked Questions
Agricultural tractors are powerful, versatile farm vehicles designed to pull implements and power farming equipment and perform various field operations ranging from soil cultivation to harvesting, serving as the primary mechanical workhorses of modern agriculture.
The agricultural tractors market is expected to be driven by increasing food demand from a growing global population, technological advancements in precision farming, government subsidies for farm mechanization, labor shortages in agricultural regions, and the development of electric and autonomous tractor models.
According to our study, the global agricultural tractors market was worth around USD 97.42 billion in 2024 and is predicted to grow to around USD 163.29 billion by 2034.
The CAGR value of the agricultural tractors market is expected to be around 5.30% during 2025-2034.
The global agricultural tractors market will register the highest value in Asia Pacific during the forecast period, with North America showing stable growth in the high-horsepower segments.
Key players in the agricultural tractors market include Deere & Company, CNH Industrial N.V., AGCO Corporation, Kubota Corporation, Mahindra & Mahindra Ltd., Claas KGaA mbH, Yanmar Co., Ltd., Iseki & Co., Ltd., JCB Ltd., Tractors and Farm Equipment Limited (TAFE), SDF Group, Lovol Heavy Industry Co., Ltd., Sonalika International Tractors Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd., and Arbos Group S.p.A.
The report comprehensively analyzes the agricultural tractors market, including a detailed examination of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, and the evolving farming practices shaping the agricultural tractors industry worldwide.
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