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Tractor Market Share

Report ID: GMI7286
Published Date: Nov 2023
Report Format: PDF

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Tractor Market Share

The major companies operating in the tractor industry are:

AGCO Corporation
Belarus Tractor
Claas
CNH Industrial
Deutz-Fahr
Escorts Group
John Deere
Kioti
Kubota
LS Tractor
Mahindra & Mahindra
SAME Deutz-Fahr Group
TAFE (Tractors and Farm Equipment Limited)
YANMAR
Zetor

John Deere and Mahindra & Mahindra are the major companies operating in market. The competitive landscape in the market is characterized by intense rivalry among the major players. These companies vie for market share by focusing on product diversification, technological advancements, customer services, and strategic partnerships.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of tractor reached USD 101.5 billion in 2022 and is poised to foresee significant growth at 6% CAGR from 2023 to 2032, led by their increasing demand to enhance efficiency and productivity within the agriculture sector.

Asia Pacific held over 40% of the market share in 2022, owing to the strong commitment to technological advancements and heavy R&D investments in autonomous vehicles.

Farm tractor segment accounted for more than 70% of market share in 2022, driven by the introduction of diverse tractor platforms for catering to specific farming needs.

Some of the major tractor manufacturers are AGCO Corporation, Belarus Tractor, Claas, CNH Industrial, Deutz-Fahr, Escorts Group, John Deere, Kubota, LS Tractor, Mahindra & Mahindra, TAFE (Tractors and Farm Equipment Limited), and YANMAR.