Global Tractors Market Growth 2023-2029

Global Tractors Market Growth 2023-2029

A tractor is an engineering vehicle specifically designed to deliver at a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction. 

LPI (LP Information)' newest research report, the “Tractors Industry Forecast” looks at past sales and reviews total world Tractors sales in 2022, providing a comprehensive analysis by region and market sector of projected Tractors sales for 2023 through 2029. With Tractors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tractors industry.

This Insight Report provides a comprehensive analysis of the global Tractors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tractors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tractors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tractors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tractors.

The global Tractors market size is projected to grow from US$ 111850 million in 2022 to US$ 163800 million in 2029; it is expected to grow at a CAGR of 163800 from 2023 to 2029.

United States market for Tractors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Tractors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Tractors is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Tractors players cover Caterpillar, John Deere, Tractors and Farm Equipment, Kubota, AGCO, McCormick Tractor, Bobcat, Claas and New Holland, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Tractors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Less than 10 kw
10-30 kw
30～50 kw
Above 50 kw

Segmentation by application
Agriculture
Construction
Mining

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Caterpillar
John Deere
Tractors and Farm Equipment
Kubota
AGCO
McCormick Tractor
Bobcat
Claas
New Holland
Mahindra & Mahindra
KIOTI Tractor
Yanmar America
JCB

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tractors market?

What factors are driving Tractors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tractors market opportunities vary by end market size?

How does Tractors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.