Agricultural Tractor Machinery Market - By Type (Compact Tractor, Row Crop Tractor, Orchard Tractor, Implement Carrier Tractor and Others), By Mode of Operation (Manual and Autonomous), By Horse Power (Less Than 25 HP, 25-35 HP, 36-45 HP, 46-65 HP, 66-100 HP and Above 100 HP), By Wheel Drive (2-Wheel Drive and 4 -Wheel Drive), By Engine Type (Gasoline, Diesel, Electric and Hybrid), By Application (Tilling, Harvesting, Sowing, Ploughing, Hauling and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Agricultural Tractor Machinery Market Overview The global agricultural tractor market is projected to grow to $125 billion by 2030 , expanding at a 6.1% annual growth rate (CAGR) from 2024 to 2030 . Tractors play a crucial role in boosting farm productivity, and their demand is rising due to: Increasing food production needs Shortage of farm labor Government support for farm mechanization Adoption of advanced tractor technologies Key Market Trends Rise of Electric Tractors With fluctuating fuel prices and a push for sustainability, farmers are turning to electric tractors to cut costs and reduce emissions. Companies are responding with new models—for example, AutoNxt Automation (India) launched an electric tractor in 2024 . Smart Tractors with Advanced Tech Modern tractors now feature GPS navigation, IoT sensors, and AI-driven analytics to: Improve precision farming Maximize crop yields Lower environmental impact This shift toward ...