World - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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Tractor market: find the most recent statistics enhanced by an Ai-driven market research platform. Data include market size, companies, exports, production, imports, trade, market prices, and consumption. There is a split by region, including Africa, the U.K., Russia, the U.S., EU, Latin America, China, and the Middle East. Market dynamics and outlook to 2030 are also featured in the dashboards.
Tractor - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Brazil |
| 4 | India |
| 5 | France |
In value terms, the largest tractor markets worldwide were China, the United States and Brazil, with a combined 41% share of the global market. These countries were followed by India, France, Japan, Germany, the UK, Pakistan, Indonesia, Turkey, Mexico and Italy, which together accounted for a further 30%.
Among the main consuming countries, the UK recorded the highest growth rate of market size, over the period under review, while tractor market for the other global leaders experienced more modest paces of growth.
Tractor Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Thailand | 6584 | 7485 | 4815 | -14.5% |
| China | 9624 | 6770 | 7069 | -14.3% |
| Japan | 9883 | 10386 | 8678 | -6.3% |
| India | 10279 | 10121 | 9797 | -2.4% |
| South Korea | 11203 | 12288 | 10887 | -1.4% |
| Sweden | 27005 | 24967 | 23381 | -7.0% |
| Mexico | 14147 | 39884 | 32479 | 51.5% |
| Italy | 21778 | 29371 | 33800 | 24.6% |
| Belgium | 55145 | 58148 | 41705 | -13.0% |
| Germany | 41756 | 42965 | 48329 | 7.6% |
| France | 39482 | 35284 | 49442 | 11.9% |
| Netherlands | 42623 | 30147 | 49599 | 7.9% |
| United States | 36399 | 65094 | 54107 | 21.9% |
| Average | 23193 | 27434 | 26885 | 7.7% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($54,107 per unit), while Thailand ($4,815 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico (+51.5% per year), while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| Italy | 48858 | 46465 | 52130 | 3.3% |
| France | 49987 | 43826 | 48427 | -1.6% |
| United Kingdom | 26029 | 47131 | 41660 | 26.5% |
| Germany | 46447 | 46746 | 40916 | -6.1% |
| Poland | 48627 | 35460 | 36658 | -13.2% |
| Canada | 55285 | 45574 | 35867 | -19.5% |
| Turkey | 20132 | 21250 | 28912 | 19.8% |
| United States | 43897 | 37654 | 24094 | -25.9% |
| Netherlands | 28779 | 26476 | 22958 | -10.7% |
| Russia | 39054 | 30935 | 17404 | -33.2% |
| Spain | 37511 | 20072 | 16715 | -33.2% |
| Ukraine | 13547 | 14792 | 13648 | 0.4% |
| Belgium | 50402 | 30845 | 13467 | -48.3% |
| Average | 35056 | 33036 | 26542 | -13.0% |
Prices varied noticeably by the country of destination; the country with the highest price was Italy ($52,130 per unit), while Belgium ($13,467 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.
Tractor - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 13 | 13 | 9.8 | -11.7% |
| France | 3.5 | 4.3 | 2.9 | -8.9% |
| Germany | 2.9 | 3.1 | 2.5 | -7.1% |
| Canada | 4.3 | 4 | 2.3 | -26.7% |
| United Kingdom | 2.4 | 2.8 | 2.2 | -5.3% |
In value terms, the United States ($9.8B) constitutes the largest market for imported tractors worldwide, comprising 22% of global imports. The second position in the ranking was occupied by France ($2.9B), with a 6.4% share of global imports. It was followed by Germany, with a 5.5% share.
From 2018 to 2020, the average annual growth rate of value in the United States stood at -11.7%. In the other countries, the average annual rates were as follows: France (-8.9% per year) and Germany (-7.1% per year).
Tractor - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Germany | 9.4 | 8.6 | 7.7 | -9.2% |
| Mexico | 9.2 | 9.7 | 6.5 | -16.2% |
| Netherlands | 5.3 | 4.8 | 4.7 | -6.2% |
| United States | 5.6 | 5.6 | 4 | -15.0% |
| France | 3.8 | 3.7 | 2.9 | -12.9% |
In value terms, the largest tractor supplying countries worldwide were Germany ($7.7B), Mexico ($6.5B) and the Netherlands ($4.7B), together accounting for 42% of global exports. The United States, France, Belgium, Italy, Japan, China, Sweden, South Korea, India and Thailand lagged somewhat behind, together accounting for a further 38%.
Italy recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Tractor - Market Forecast
Driven by increasing demand for tractor worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Tractor - Top Companies
Hunan Xiangtian Farming Machinery Co., Ltd., Liaoning Ruicheng Liugong Machinery Equipment Co.,Ltd., Caterpillar Inc., Deere & Company, KOMATSU LTD., KUBOTA CORPORATION, Dingsheng Tiangong Engineering Machinery Sales Co., Ltd., Liebherr-Intertrading SA, HITACHI CONSTRUCTION MACHINERY CO., LTD., AGCO Corporation, SUMITOMO HEAVY INDUSTRIES, LTD., Hans Kunz, Landtechnik AG, Sany Heavy Industry Co., Ltd., XCMG Construction Machinery Co., Ltd., Claas KG auf Aktien mbH, Terex Corporation, Case New Holland Industrial Inc., John Deere GmbH & Co. KG, Shanghai Zhenhua Heavy Industries Co., Ltd., J.C.B. SERVICE
Tractor - Product Coverage
- HS 870110 - Tractors; single axle
- HS 870190 - Tractors; nes in heading no 8701 (other than tractors of heading no 8709)
- HS 870130 - Tractors; track-laying
- HS 870120 - Tractors; road, for semi-trailers
This report provides an in-depth analysis of the global tractor market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
2909
This report provides an in-depth analysis of the global tractor market.
661
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
152
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
1052
This report provides an in-depth analysis of the global crawler tractor market.
389
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
883
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
662
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1290
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
130
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
