Transportation Products & Services

Agricultural Tractors: Market Size, Growth & Forecast to 2030

The Agricultural Tractors market is valued at about $128 billion (2026) and is projected to grow at a 4.2% CAGR through 2030. The largest cost driver is Raw Materials and Components (Steel, Rubber, Components) (45% of spend). Asia Pacific leads demand at 40%.

Market size
$128.0 bn (2026)
CAGR to 2030
+4.2%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.2% CAGR.

1231151081001002026104.22027108.62028113.12029117.92030122.82031

Cost structure

Raw Materials and Components (Steel, Rubber, Components)
45%
Direct Labor and Assembly
20%
Manufacturing Overhead and Energy
15%
Inbound and Outbound Logistics
12%
Tariffs and Compliance Costs
8%

Regional demand split

Asia Pacific demand
40%
North America demand
25%
Europe demand
20%
Latin America demand
10%
Rest of world demand
5%

Key suppliers

John Deere (Deere & Company)CNH Industrial N.V.AGCO CorporationKubota CorporationMahindra & MahindraTurkTraktorSDFCLAAS KGaA mbH
Read the full Agricultural Tractors report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/agricultural-tractors