Agricultural Tractors Global Market Report 2026

Agricultural tractors are vehicles designed specifically for moving machinery or trailers at low speeds while exerting a high tractive force. They serve a multitude of purposes in farming, including pulling various farm implements for tasks such as ploughing, planting, cultivating, fertilizing, and harvesting crops. Additionally, these tractors are utilized for hauling materials and can even serve as a mode of personal transportation within farming operations.

Agricultural tractors come in various types, with orchard tractors and row-crop tractors being prominent among them. Orchard tractors specifically cater to vineyards and orchards, boasting engine capacities typically ranging from 8 HP to 40 HP. These tractors utilize different types of propulsion, including internal combustion engines (ICE), electric systems, and hybrids, and can be operated either manually or autonomously. Engine power classifications commonly include less than 40 HP, 41 to 100 HP, and more than 100 HP, catering to a wide range of farming needs and applications.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are influencing the agricultural tractors market by increasing costs of imported engines, transmissions, electronic control units, and steel chassis components used across orchard, row-crop, and utility tractors. North America and Europe are significantly affected due to reliance on cross-border component sourcing, while Asia-Pacific faces cost pressures on export-oriented tractor manufacturing. These tariffs are elevating tractor prices and delaying fleet upgrades for farmers. At the same time, they are supporting local assembly operations, encouraging regional component manufacturing, and accelerating innovation in cost-optimized and electric tractor platforms.

The agricultural tractors market research report is one of a series of new reports from The Business Research Company that provides agricultural tractors market statistics, including agricultural tractors industry global market size, regional shares, competitors with an agricultural tractors market share, detailed agricultural tractors market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural tractors industry. This agricultural tractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The agricultural tractors market size has grown strongly in recent years. It will grow from $80.93 billion in 2025 to $85.16 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to increasing farm mechanization levels, rising labor shortages in agriculture, expansion of large-scale commercial farming, increasing demand for higher agricultural productivity, availability of diverse horsepower tractor models.

The agricultural tractors market size is expected to see strong growth in the next few years. It will grow to $104.44 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing adoption of autonomous farming practices, rising focus on low-emission agricultural machinery, expansion of precision agriculture integration, growing investments in smart farming infrastructure, increasing demand for energy-efficient tractor solutions. Major trends in the forecast period include increasing adoption of autonomous tractor technologies, rising demand for high-horsepower tractors, growing preference for electric and hybrid tractors, expansion of precision-compatible tractor platforms, enhanced focus on operator comfort and safety.

The growing demand for compact tractors is expected to drive expansion in the agricultural tractors market going forward. Compact tractors are small, farm-oriented tractors designed for homeowners or hobby farmers with limited acreage. A compact tractor is an agricultural machine fitted with a 540-rpm PTO and a three-point hitch compatible only with Category 1 implements. These tractors support a range of farming tasks. For example, in June 2024, the Association of Equipment Manufacturers reported that U.S. 4-wheel-drive tractor sales rose 9.4% in May 2024 year-on-year, after a 24% increase in April, with year-to-date sales up 3.2%; however, total U.S. agricultural tractor sales declined 11.5% and combine sales fell 17.7%. Therefore, rising demand for compact tractors is fueling growth in the agricultural tractors market.

Major firms in the agricultural tractors market are introducing new offerings such as electric utility tractors to secure a competitive advantage. An electric utility tractor is a battery-powered agricultural vehicle intended for a variety of utility tasks, replacing conventional internal combustion powerplants. For example, in August 2023, New Holland Agriculture launched the T4 Electric Power Tractor, which delivers improved in-cab ergonomics, dependable driveline components, and a robust factory-installed loader, together with advanced autonomous features via the Cognitive Pilot. The model pairs emission-free electric power with autonomous capabilities and is suitable for specialty crops, dairy and livestock operations, municipal use, hay and fodder handling, mixed farming, and greenhouse work-helping customers adopt more sustainable and efficient field practices.

In February 2023, International Tractors Limited (ITL), an India-based tractor manufacturer, acquired Thaler GmbH & Co. KG for an undisclosed sum. The transaction is expected to broaden ITL's product portfolio and market visibility by integrating Thaler's expertise in wheel-loader manufacturing, enabling ITL to offer a wider range of equipment alongside its existing tractor lineup. Thaler GmbH & Co. KG is a Germany-based maker of agricultural machinery.

Major companies operating 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.

Asia-Pacific was the largest region in the agricultural tractors market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global agricultural tractors market report during the forecast period. The regions covered in the agricultural tractors market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the agricultural tractors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The agricultural tractors market consists of sales of utility tractors, garden tractors, implement carrier tractors, and earth moving tractors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Agricultural Tractors Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses agricultural tractors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for agricultural tractors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The agricultural tractors market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Subsegments:
• 1) By Orchard Tractors: Compact Orchard Tractors; Specialty Orchard Tractors
• 2) By Row-Crop Tractors: Standard Row-Crop Tractors; High-Horsepower Row-Crop Tractors
• 3) By Other Tractors: Utility Tractors; Sub-Compact Tractors; Garden Tractors
• Companies Mentioned: 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.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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