The Agricultural Tractors Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Agricultural Tractors Market?
The Agricultural Tractors Global Market Report 2025 indicates that the market has seen robust growth in recent years. The market size is projected to increase from $78.16 billion in 2024 to $82.29 billion in 2025, showing a compound annual growth rate (CAGR) of 5.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Agricultural Tractors Industry?
The Agricultural Tractors Global Market is predicted to reach a value of $103.12 billion in 2029. The market will likely experience a compound annual growth rate (CAGR) of 5.8%.
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What are the Key Growth Drivers Fueling the Agricultural Tractors Market?
The key drivers in the agricultural tractors market are:
• Precision agriculture practices are fueling the market
• Growth in global population
• Rising focus on environmental sustainability
• Development of agriculture in emerging markets
Global Market Segmentation: Identifying Major Agricultural Tractors Industry Segments
The agricultural tractors market covered in this report is segmented –
1) By Type: Orchard Tractors, Row-Crop Tractors, Other Tractors
2) By Propulsion: ICE, Electric and Hybrid
3) By Operation Type: Manual, Autonomous
4) By Engine Power Type: Less than 40 HP, 41 to 100 HP, More than 100 HP
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What are the Emerging Trends Shaping the Future of the Agricultural Tractors Market?
The key trends in the agricultural tractors market are:
• The use of artificial intelligence for crop management is a notable emerging trend.
• There's a shift towards the usage of electric and hybrid tractors.
• A focus on enhancing operator comfort and ergonomics is increasingly influential.
• There is a trend towards adopting predictive maintenance solutions and introducing smart farming applications.
Who Are the Top Competitors & Leading Players in the Agricultural Tractors Market?
Major companies in the agricultural tractors market are:
• Tractors and Farm Equipment Ltd.
• ARGO Tractors S.p.A.
• Deere & Company
• CNH Industrial N.V.
• Kubota Corporation
• LS Mtron Co. Ltd.
• Mahindra & Mahindra Ltd.
• Dongfeng Motor Corporation Ltd.
• AGCO Corporation
• Yanmar Co. Ltd.
• Escorts Ltd.
• YTO Group Corporation
• Jinma Agricultural Machinery Co. Ltd.
• CLAAS KGaA mbH
• J C Bamford Excavators Ltd.
• Lovol Heavy Industry Co. Ltd.
• SAME Deutz-Fahr Group
• Iseki & Co. Ltd.
• Daedong Corporation
• The Sonalika Group
• Carraro Agritalia S.p.A.
• Buhler Industries Inc.
• Gromax Agri Equipment Limited
• AgriArgo UK Ltd.
• McCormick Tractors International Ltd.
• Massey Ferguson Limited
• Weifang Huaxia Tractor Manufacturing Co. Ltd.
• Landini S.p.A.
• Zetor Tractors a.s.
• Kukje Machinery Co. Ltd.
• Shandong Wuzheng Group Co. Ltd.
• Landtrac Tractors Private Limited
• V.S.T. Tillers Tractors Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the agricultural tractors market in 2024
