Tractor Market

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.


Need Tractor Market data? GET FREE ACCESS

Tractor - World's Largest Markets

RatingCountry
1China
2United States
3Brazil
4India
5France

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

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Thailand658474854815-14.5%
China962467707069-14.3%
Japan9883103868678-6.3%
India10279101219797-2.4%
South Korea112031228810887-1.4%
Sweden270052496723381-7.0%
Mexico14147398843247951.5%
Italy21778293713380024.6%
Belgium551455814841705-13.0%
Germany4175642965483297.6%
France39482352844944211.9%
Netherlands4262330147495997.9%
United States36399650945410721.9%
Average2319327434268857.7%

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

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Italy4885846465521303.3%
France499874382648427-1.6%
United Kingdom26029471314166026.5%
Germany464474674640916-6.1%
Poland486273546036658-13.2%
Canada552854557435867-19.5%
Turkey20132212502891219.8%
United States438973765424094-25.9%
Netherlands287792647622958-10.7%
Russia390543093517404-33.2%
Spain375112007216715-33.2%
Ukraine1354714792136480.4%
Belgium504023084513467-48.3%
Average350563303626542-13.0%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States13139.8-11.7%
France3.54.32.9-8.9%
Germany2.93.12.5-7.1%
Canada4.342.3-26.7%
United Kingdom2.42.82.2-5.3%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany9.48.67.7-9.2%
Mexico9.29.76.5-16.2%
Netherlands5.34.84.7-6.2%
United States5.65.64-15.0%
France3.83.72.9-12.9%

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
Store
Blog
Event
World - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global tractor market.

Australia and Oceania - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Australia and Oceania.

Africa - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Africa.

Central Asia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Central Asia.

Middle East - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in the Middle East.

South-Eastern Asia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in South-Eastern Asia.

Eastern Asia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Eastern Asia.

Latin America and the Caribbean - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Latin America and the Caribbean.

Southern Asia - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Southern Asia.

Northern America - Tractors - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the tractor market in Northern America.

Category
Geography

Nothing found. Please try again.


Nothing found. Please try again.