Global Tractors Market Growth 2025-2031

The global Tractors market size is predicted to grow from US$ 48490 million in 2025 to US$ 64860 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031.

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

The key players of Tractors include Mahindra,John Deere, AGCO, and TAFE. The top four manufacturers hold approximately 40% of the global market share, with Mahindra being the largest manufacturer with approximately 15% of the market share.

In terms of product types, Wheeled Tractor is the largest segment, with a share of 86%. In terms of downstream, agriculture is the largest downstream sector, accounting for 89% of the market share.

North America, Europe and Asia Pacific are the world's major production regions, with a combined market share of over 70%. Asia Pacific is the world's largest Tractors production region, with nearly 69% market share.

LP Information, Inc. (LPI) ' newest research report, the “Tractors Industry Forecast” looks at past sales and reviews total world Tractors sales in 2024, providing a comprehensive analysis by region and market sector of projected Tractors sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Wheeled Tractor
Crawler Tractor

Segmentation by Application:
Agriculture
Non-agricultural

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 analysing the company's coverage, product portfolio, its market penetration.
John Deere
AGCO
CNH Industrial
Kubota
Claas Group
Mahindra
SDF Group
YTO Group
Lovol
Changzhou Dongfeng
Minsk Tractor Works
Taishan Guotai
ITMCO
World Group
Weifang Huaxia
Changzhou Changfa

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 by Type, by Application?

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