The global tractor market has reached a size of $89.80 billion by 2025. The average annual growth rate is recorded as 5.90%, and it is estimated that the market size will reach approximately $120 billion by 2030. While the largest market globally is recorded as the Asian market, the largest companies are as follows;

1- Deere and Company (John Deere)

2- Kubota Corporation

3- Mahindra and Mahindra Corporation (Mahindra Tractors & Erkunt & ArmaTrac)

4- CNH Global (Case IH & New Holland)

5- AGCO Corporation (Massey Ferguson & Fendt & Valtra)

In addition, CLAAS GmbH, SDF (Same & Deutz Fahr) and Yanmar are other major companies that follow these companies.

Source: Mordor Intelligence - "Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)"