Report Description

Global Tractor Market By Power Output (Under 40 HP, 40 HP & Under 100 HP and 100 HP & Above), By Drive Type (2-Wheel Drive Vs. 4-Wheel Drive), By Application, By Region, Competition Forecast & Opportunities, 2013 – 2023

  • Publish Date:April, 2018
  • Format : PDF
  • Pages : 231
  • Industry : Automotive

Global tractor market registered sales of more than 1.73 million units of tractors in 2017 and the figure is forecast to reach 2.33 million tractor units by 2023. Rising global population resulting in surging demand for agricultural products, increasing consumer inclination towards small-sized tractors, and penetration of autonomous tractors are among the major factors expected to boost tractor sales, globally, during the forecast period. Moreover, easy availability of financing options, rising labor cost and increasing investments by leading agricultural machinery manufacturers such as Mahindra & Mahindra, John Deere, Tractors & Farm Equipment Limited, etc., in their tractor product lines would positively influence the global tractor market in the coming years.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • To analyze and forecast the global tractor market size, in terms of value and volume.
  • To classify and forecast the global tractor market on the basis of power output, drive type, application and region.
  • To identify drivers and challenges for the global tractor market.
  • To identify market trends and developments in the global tractor market.
  • To conduct the pricing analysis for tractors across the globe.
  • To identify and analyze the profile of leading players operating in the global tractor market. 


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Some of the major players operating in the global tractor market are Mahindra & Mahindra Ltd., Deere & Co, AGCO Corporation, CNH Industrial N.V., Tractors and Farm Equipment Limited, Sonalika International Tractors Ltd., KUBOTA Corporation, Changzhou Dongfeng Agricultural Machinery Group Co., Ltd., Argo Tractors S.p.A., CLAAS KGaA mbH, etc.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tractor dealers operating across the globe. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all the major tractor suppliers across the globe.

TechSci Research calculated the global tractor market size using a bottom-up technique, wherein manufacturers’ volume sales data was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, ACEA, SIAM, company websites, company annual reports, white papers, investor presentations and financial reports were also reviewed by TechSci Research.


Key Target Audience:

  •        Tractor manufacturers, distributors and other stakeholders
  •           Raw material and component suppliers
  •           Governments and financial institutions
  • Associations, organizations, forums and alliances related to tractors market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as auto manufacturers, distributors and dealers, customers and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, the global tractor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Power Output:
    • Under 40 HP
    • 40 HP & Under 100 HP
    • 100 HP & Above
  • Market, by Drive Type:
    • 2-Wheel Drive
    • 4-Wheel Drive
  • Market, by Application:
    • Agriculture
    • Non-Agriculture
  • Market, by Region:
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • Rest of APAC
    • Europe
      • Germany
      • Turkey
      • United Kingdom
      • Italy
      • France
      • Spain
      • Austria
      • Portugal
      • Belgium
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • Kenya
      • South Africa
      • Rest of MEA

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in the global tractor market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel
In case you don’t find what, you are looking for, please get in touch with our custom research team at

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