Global Farm Tractors Market, By Power Output (30, 31–100, 101–200, >200hp), By Drive Type (2WD, 4WD, & Autonomous Tractor), By Function (Harvesting, Planting & Fertilizing, Spraying Ploughing & Cultivating and Others), By Application (Combine Harvesters for – Corn, Wheat, Rice and Others), By Company and By Geography, Forecast & Opportunities, 2027
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Farm Tractors Market size
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Global Farm Tractors market is projected to reach USD 139.58 Billion by 2027 at a CAGR if over 5% in value terms owing to growing agriculture industry globally, rising mechanization and increasing productivity and efficiency requirements.
Moreover, the farmers are shifting toward higher mechanization through agricultural equipment and rise in demand for food globally drives the farm tractors market. Due to decrease in hectare land per farmer globally the demand for 31–100 hp segment holds the largest market share in 2021 in farm tractor market and is estimated to maintain its dominance over the next five years as well. In 2021- 2027, APAC is estimated to be the largest and fastest growing market for farm tractors.
The global farm tractor market is segmented by engine power, drive type, application, and region. Engine power is a key factor, with segments like below 30 HP, 30-100 HP, 100-200 HP, and above 200 HP. Drive type is also important, with 2WD and 4WD options, and applications include agriculture, construction, and others. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and other regions.
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Detailed Segmentation
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Engine Power
- Below 30 HP Dominant segment, especially in Asia-Pacific for small farms.
- 30-100 HP Commonly used for various agricultural tasks and experiencing significant growth.
- 100-200 HP Used for larger farms and specialized tasks.
- Above 200 HP High-powered tractors for demanding applications.
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Drive Type
- 2WD Most common and suitable for various terrains.
- 4WD Increasing in demand for high-power tasks and challenging terrains.
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Application
- Agriculture The largest segment, with tractors used for various farm operations.
- Construction Used for tasks like earthmoving and site preparation.
- Other Includes forestry, landscaping, and more.
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Region
- Asia-Pacific Largest market, driven by India and China.
- North America A significant market with strong demand.
- Europe Another key region with established manufacturers.
- Other Regions Latin America, Middle East & Africa, and other parts of the world.
key players
- John Deere
- CNH Industrial
- AGCO Corporation
- Kubota Corporation
- Mahindra & Mahindra
- Escorts Group
- Same Deutz-Fahr (SDF Group)
- Yanmar Co., Ltd.
Objective of the Study
- To assess the demand-supply scenario of Farm Tractors which covers production, demand and supply of Farm Tractors market globally.
- To analyse and forecast the market size of Farm Tractors in terms of volume and Value.
- To classify and forecast global Farm Tractors based on Power Output, Drive Type, Function, Application and regional distribution.
- To identify drivers and challenges for global Farm Tractors market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Farm Tractors.
- To identify and analyse the profile of leading players involved in the manufacturing of global Farm Tractors.
Key Target Audience
- Farm Tractors manufacturers
- Agricultural equipment component suppliers
- Technology providers to agriculture equipment industry
- Research Institutes
- Associations, organizations, forums and alliances related to Farm Tractors.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as
|
Attribute |
Details |
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Base Year |
2021 |
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Historical Data |
2017 – 2020 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022E-2027F |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Power Output · Drive Type · Function · Application |
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Regional scope |
North America; Europe; Asia Pacific; South America; Middle East & Africa |
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Country scope |
United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Vietnam, Germany, France, United Kingdom, Italy, Poland; Turkey, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia; |
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Key companies profiled |
J C Bamford Excavators Ltd., AGCO Corporation, CNH Industrial N.V., Escorts Ltd., Tractors and Farm Equipment Limited, Deere & Company, Mahindra & Mahindra Ltd., Zetor Tractors A.S., Iseki & Co., Ltd., Same Deutz-Fahr Italia S.P.A., Kubota Corporation. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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