Global Agricultural Tractors Market to reach USD XX billion by 2030. Global Agricultural Tractors Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2022-2030. The agricultural tractor is a power-driven vehicle its tractive power is determined by engineering functions. It is designed for a variety of agricultural chores, including ploughing, tilling, disking, harrowing, planting, and spraying/pesticide treatments, as well as hauling or pushing agricultural gear or trailers. As a result, tractors are now referred to as farm vehicles as they provide the necessary power and traction to automate agricultural operations. The agricultural tractors market is driving by Government support for mechanization in agriculture, as farming technologies have advanced dramatically as a result of shifting industrial trends that have led to the creation of more sophisticated agricultural machinery. For instance, AGCO built a new plant in Mexico in May 2018 to extend its activities in the country. The first phase of the development of this new plant in Mexico invested USD 10 million. Sales of agricultural tractor machinery are being driven by increased farm consolidation, a big production base, and increased government support through subsidies. Furthermore, shortage of skilled labour and increasing labour cost drive the market further. For instance, According to the World Bank database, the agriculture industry employed 1.5 percent of the total workforce in the United States in 2019, up from 1.4 percent in 2016. Furthermore, between 2014 and 2019, the average hourly real wage for non-supervisory employed farmworkers increased by 17.4 percent, from USD 12.07 to USD 14.17, increasing demand for agricultural tractors. However, Taxes and tariffs on import of agricultural machinery, may impede market growth over the forecast period of 2022-2030.

Geographically, APAC is dominating the Agricultural Tractor market and also expected to develop at the highest pace during the forecast period. this is attributed to increasing demand for tractors in countries, such as China and India. In India, tractors play an important role in increasing the country's agricultural output. China has started focusing on the deployment of driverless tractors using automated farm technology. Due to the deployment of its first autonomous tractor in 2017, YTO Group Corporation plans mass manufacture on a demand basis.

Major market player included in this report are:

Deere & Company
Tractors and Farm Equipment Limited
AGCO Corporation
CLAAS KGaA mbH
CNH Industrial N.V.
International Tractors Limited
Mahindra & Mahindra Ltd.
YANMAR CO., LTD.
KUBOTA Corporation
Escorts Limited




The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Engine Power:
Less than 40 Hp
41 to 100 Hp
More than 100 Hp

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017 - 2020
Base year - 2021
Forecast period - 2022 to 2030.

Target Audience of the Global Agricultural Tractors Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors