GITNUX MARKETDATA REPORT 2024

Agricultural Tractors Industry Statistics

Agricultural Tractors Industry Statistics provide key indicators on production, sales, market trends, and employment within the sector.

Statistic 1

"As of 2016, the global agricultural tractor market size was valued at USD 60 billion."

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Statistic 2

"This market is forecasted to grow at a CAGR of 6% between 2017 and 2025."

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Statistic 3

"In 2020, the Asia-Pacific region held the largest market share in the agricultural tractors market."

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Statistic 4

"Based on horsepower, the 100 to 200 HP tractors segment led the agricultural tractors market in 2020."

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Statistic 5

"The usage of tractors over 300 horsepower is projected to grow at the fastest rate globally."

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Statistic 6

"As of 2020, the global OEM market for tractors was estimated to be 2 million units."

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Statistic 7

"The tractor industry in India is expected to grow at a CAGR of 10% between 2019 and 2024."

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Statistic 8

"In 2021, the demand for below 40 HP tractors is the highest in the US in terms of volume."

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Statistic 9

"2-wheel drive tractors dominated the global tractor market with a share of over 85%."

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Statistic 10

"Germany contributed to over 15% of the total volume of tractor sales in Europe in 2019."

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Statistic 11

"Compact tractors are expected to account for over 15% of the total share in terms of revenue by 2025."

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Statistic 12

"In 2019, around 221,000 units of tractors were sold in China."

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Statistic 13

"The agricultural tractor market revenue in the U.S. amounted to approximately $13.7 billion in 2019."

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Statistic 14

"In 2020, the global sales volume of tractors in 2020 was approximately 2 million units."

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Statistic 15

"Approximately 217,300 units of 2WD tractors were sold in the European Union in 2018."

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