Global Farm Tractors

Global Farm Tractors

Global farm tractor demand is projected to increase 7.0% annually to $77.8 billion in 2026. However, a significant portion of market value growth – particularly during the first half of the forecast period – will be mostly the result of higher prices that have resulted from high rates of inflation around the world, supply chain issues, and a chip shortage. In unit terms, demand will increase just 1.1% per year off of a relatively healthy 2021 base. Real gains are expected to grow at a faster pace in the latter part of the forecast period as the global economy continues to normalize. Growth in this period will be bolstered by:

  • advances in global farming agricultural activity and rising agricultural commodity prices, leading to farm income growth
  • farmers increasingly replacing aging machinery and investing in newly developed agricultural technologies as they face a variety of workforce issues (e.g., skilled operator shortages, rising wages, new protections for works)
  • high levels of government support for their respective agricultural sectors, ranging from direct subsidies to farmers to programs promoting advanced farming practices to more specialized initiatives (such as a farm machinery rental schemes in India)
  • government and industry initiatives designed to insulate farmers from the impact of climate change, reduce the environmental impact of farming, and promote technological innovation in the agricultural sector
Asia/Pacific, North America, & Western Europe Account for Vast Majority of Absolute Gains
The large Asia/Pacific market is projected to register the largest gains during the forecast period; multiple developing and mature markets will perform well through 2026:
  • The growing use of state-of-the-art tractors – including automated, and electric and hybrid models – will be the leading driver of market gains in countries such as Australia, Japan, South Korea, and Taiwan.
  • In developing nations, farmers will increasingly purchase tractors as they shift away from manual farming techniques.
Governments in countries such as China, India, and Thailand will play active roles in the development of their agricultural sectors. Multiple government and nongovernment-funded projects will promote sustainable and more advanced farming techniques, thereby generating demand for tractors. In addition, the replacement of pedestrian-controlled tractors with wheeled and crawler models will drive gains in dollar terms.
The favorable growth prospects of the mature West European and North American markets can be attributed to the significant tractor replacement needs of both regions. Farmers in Western Europe and North America invest heavily in technology because of their large financial resources and high levels of government support; consequently, they will be among the first adopters of newly developed tractors. The intensification of agricultural sector workforce issues – as well as adoption of new regional and national regulations – will drive investment in newly developed farming technologies.

Study Description

This Freedonia study analyzes the more than $55 billion global farm tractor market. The study provides agricultural tractor demand for 2011, 2016, and 2021, and forecasts for 2026 and 2031. We also offer annual data for all countries for the 2018-2025 period. This study also presents farm tractor demand by type (wheel tractors, crawler tractors, and pedestrian-controlled tractors) for 20 countries. Finally, it evaluates market share for the top six manufacturers worldwide, such as AGCO, Deere, and Kubota.


  • Executive Summary
    • Table Figure 1-1. Global Farm Tractor Market Outlook
  • About This Report
    • Report Details
    • Study Scope & Product Description
      • Table Figure 2-1. Farm Tractors: Product Examples
    • Impact of the COVID-19 Pandemic
      • Table Annual Global Farm Tractor Demand by Region, 2019 – 2022
      • Table Annual Global Farm Tractor Demand by Type, 2019 – 2022
      • Table Figure 2-2. Annual Global Farm Tractor Demand Growth, 2019 – 2024
  • Overview
    • Historical Market Trends
      • Table Global Farm Tractor Demand, 2011 – 2021
      • Table Figure 3-1. Global Farm Tractor Demand, 2003 – 2021
    • Demand by Region
      • Table Global Farm Tractor Demand by Region, 2011, 2016, 2021, 2026, &2031
      • Table Annual Global Farm Tractor Demand by Region, 2018 – 2025
      • Table Figure 3-2. Global Farm Tractor Demand by Region, 2011, 2016, 2021, 2026, &2031
    • Demand by Type
      • Table Global Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Annual Global Farm Tractor Demand by Type, 2018 – 2025
      • Wheeled Tractors
        • Table Global Wheeled Farm Tractor Demand by Region, 2011, 2016, 2021, 2026, &2031
        • Table Annual Global Wheeled Farm Tractor Demand by Region, 2018 – 2025
      • Crawler Tractors
        • Table Global Crawler Farm Tractor Demand by Region, 2011, 2016, 2021, 2026, &2031
        • Table Annual Global Crawler Farm Tractor Demand by Region, 2018 – 2025
      • Pedestrian-Controlled Tractors
        • Table Global Pedestrian-Controlled Farm Tractor Demand by Region, 2011, 2016, 2021, 2026, &2031
        • Table Annual Global Pedestrian-Controlled Farm Tractor Demand by Region, 2018 – 2025
    • Leading Country Markets
      • Table Figure 3-3. Global Farm Tractors: Leading Country Markets, 2021
    • Pricing Trends
      • Table Figure 3-4. Global Farm Tractor Prices, 2016 – 2026
    • International Trade
    • Market Share
      • Table Figure 3-5. Global Farm Tractor Market Share by Company, 2021
  • Factors Impacting Farm Tractor Demand
    • Global Agricultural Outlook
      • Table Global Agricultural Value Added, 2011, 2016, 2021, 2026, &2031
      • Table Annual Global Agricultural Value Added, 2018 – 2025
    • Agricultural Commodity Pricing
      • Table Figure 4-1. Agricultural Commodity Pricing, 2002 – 2022
    • Labor Force Productivity in Agriculture
    • Government Subsidies & Regulations
      • Crop Subsidies
      • Emissions Regulations
      • Safety Regulations
      • Technical Standards
    • Technology Trends
      • Current Farm Tractor Technology
      • Technological Outlook: Automation & Other Advanced Technologies
    • Functional Competition (Used & Rebuilt Equipment)
  • North America
    • North America: Farm Tractor Market Size
    • North America: Demand by Country & Type
      • Table North America: Farm Tractor Demand by Country & Type, 2011, 2016, 2021, 2026, &2031
      • Table North America: Annual Farm Tractor Demand by Country & Type, 2018 – 2025
      • Table Figure 5-1. North America: Farm Tractor Demand by Country & Type, 2021
    • United States
      • Table United States: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table United States: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 5-2. United States: Farm Tractor Demand by Type, 2003 – 2021
    • Canada
      • Table Canada: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Canada: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 5-3. Canada: Farm Tractor Demand by Type, 2003 – 2021
    • Mexico
      • Table Mexico: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Mexico: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 5-4. Mexico: Farm Tractor Demand by Type, 2003 – 2021
  • Central & South America
    • Central & South America: Farm Tractor Market Size
    • Central & South America: Demand by Country & Type
      • Table Central & South America: Farm Tractor Demand by Country & Type, 2011, 2016, 2021, 2026, &2031
      • Table Central & South America: Annual Farm Tractor Demand by Country & Type, 2018 – 2025
      • Table Figure 6-1. Central & South America: Farm Tractor Demand by Country & Type, 2021
    • Brazil
      • Table Brazil: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Brazil: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 6-2. Brazil: Farm Tractor Demand by Type, 2003 – 2021
    • Argentina
      • Table Argentina: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Argentina: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 6-3. Argentina: Farm Tractor Demand by Type, 2003 – 2021
    • Other Central & South America
      • Table Other Central & South America: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Other Central & South America: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 6-4. Other Central & South America: Farm Tractor Demand by Type, 2003 – 2021
  • Western Europe
    • Western Europe: Farm Tractor Market Size
    • Western Europe: Demand by Country & Type
      • Table Western Europe: Farm Tractor Demand by Country & Type, 2011, 2016, 2021, 2026, &2031
      • Table Western Europe: Annual Farm Tractor Demand by Country & Type, 2018 – 2025
      • Table Figure 7-1. Western Europe: Farm Tractor Demand by Country & Type, 2021
    • France
      • Table France: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table France: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-2. France: Farm Tractor Demand by Type, 2003 – 2021
    • Italy
      • Table Italy: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Italy: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-3. Italy: Farm Tractor Demand by Type, 2003 – 2021
    • Germany
      • Table Germany: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Germany: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-4. Germany: Farm Tractor Demand by Type, 2003 – 2021
    • United Kingdom
      • Table United Kingdom: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table United Kingdom: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-5. United Kingdom: Farm Tractor Demand by Type, 2003 – 2021
    • Spain
      • Table Spain: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Spain: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-6. Spain: Farm Tractor Demand by Type, 2003 – 2021
    • Netherlands
      • Table Netherlands: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Netherlands: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-7. Netherlands: Farm Tractor Demand by Type, 2023 – 2021
    • Other Western Europe
      • Table Other Western Europe: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Other Western Europe: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 7-8. Other Western Europe: Farm Tractor Demand by Type, 2003 – 2021
  • Eastern Europe
    • Eastern Europe: Farm Tractor Market Size
    • Eastern Europe: Demand by Country & Type
      • Table Eastern Europe: Farm Tractor Demand by Country & Type, 2011, 2016, 2021, 2026, &2031
      • Table Eastern Europe: Annual Farm Tractor Demand by Country & Type, 2018 – 2025
      • Table Figure 8-1. Eastern Europe: Farm Tractor Demand by Country & Type, 2021
    • Russia
      • Table Russia: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Russia: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 8-2. Russia: Farm Tractor Demand by Type, 2003 – 2021
    • Poland
      • Table Poland: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Poland: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 8-3. Poland: Farm Tractor Demand by Type, 2003 – 2021
    • Other Eastern Europe
      • Table Other Eastern Europe: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Other Eastern Europe: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 8-4. Other Eastern Europe: Farm Tractor Demand by Type, 2003 – 2021
  • Asia/Pacific
    • Asia/Pacific: Farm Tractor Market Size
    • Asia/Pacific: Demand by Country & Type
      • Table Asia/Pacific: Farm Tractor Demand by Country & Type, 2011, 2016, 2021, 2026, &2031
      • Table Asia/Pacific: Annual Farm Tractor Demand by Country & Type, 2018 – 2025
      • Table Figure 9-1. Asia/Pacific: Farm Tractor Demand by Country & Type, 2021
    • China
      • Table China: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table China: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-2. China: Farm Tractor Demand by Type, 2003 – 2021
    • India
      • Table India: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table India: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-3. India: Farm Tractor Demand by Type, 2003 – 2021
    • Japan
      • Table Japan: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Japan: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-4. Japan: Farm Tractor Demand by Type, 2003 – 2021
    • Australia
      • Table Australia: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Australia: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-5. Australia: Farm Tractor Demand by Type, 2003 – 2021
    • South Korea
      • Table South Korea: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table South Korea: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-6. South Korea: Farm Tractor Demand by Type, 2003 – 2021
    • Thailand
      • Table Thailand: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Thailand: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-7. Thailand: Farm Tractor Demand by Type, 2003 – 2021
    • Other Asia/Pacific
      • Table Other Asia/Pacific: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Other Asia/Pacific: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 9-8. Other Asia/Pacific: Farm Tractor Demand by Type, 2003 – 2021
  • Africa/Mideast
    • Africa/Mideast: Farm Tractor Market Size
    • Africa/Mideast: Demand by Country & Type
      • Table Africa/Mideast: Farm Tractor Demand by Country & Type, 2011, 2016, 2021, 2026, &2031
      • Table Africa/Mideast: Annual Farm Tractor Demand by Country & Type, 2018 – 2025
      • Table Figure 10-1. Africa/Mideast: Farm Tractor Demand by Country & Type, 2021
    • Turkey
      • Table Turkey: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Turkey: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 10-2. Turkey: Farm Tractor Demand by Type, 2003 – 2021
    • Other Africa/Mideast
      • Table Other Africa/Mideast: Farm Tractor Demand by Type, 2011, 2016, 2021, 2026, &2031
      • Table Other Africa/Mideast: Annual Farm Tractor Demand by Type, 2018 – 2025
      • Table Figure 10-3. Other Africa/Mideast: Farm Tractor Demand by Type, 2003 – 2021
  • Appendix
    • Scope
      • Table Relevant HS Codes
      • Table Relevant NAICS & SIC Codes
      • Table Relevant NACE Codes
    • Definitions
    • Freedonia Methodology
    • Study-Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Country Lists by Region
      • Table Countries in North America
      • Table Countries in Central & South America
      • Table Countries in Western Europe
      • Table Countries in Eastern Europe
      • Table Countries in the Asia/Pacific Region
      • Table Countries in the Africa/Mideast Region
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Global Gross Domestic Product by Region & Country, 2011, 2016, 2021, 2026, &2031
      • Demographic Trends
        • Table Global Population by Region & Country, 2011, 2016, 2021, 2026, &2031

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