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North America Agriculture Tractors Market- Size, Trends, Competitive Analysis and Forecasts (2021-2026)

  • ID: 5448041
  • Report
  • September 2021
  • Region: North America
  • 94 Pages
  • Hypercube Insights


  • AGCO Corp.
  • Claas KGaA mbH
  • CNH Industrial N.V
  • Deere and Company
  • Escorts Limited
  • Kubota Corporation
Agriculture in North America is mechanized and heavily dependent upon an integrated system of supporting agribusinesses. In the United States and Canada, most farmers and ranchers depend heavily upon technology. The introduction of new technologies has resulted in an increase in farm size and agricultural output, decreasing the demand for farm labor, making agriculture more profitable for the farmers. The Governments, especially in Mexico, are providing subsidies to buy tractors and farm equipment to promote mechanization. This, along with low-interest rates on tractor finance, is expected to push tractor sales. North America is the matured market for tractors and is forecasted to grow at a CAGR of 3.8% during 2021-2026. Driverless tractors are the opportunity segment in North America

The U.S. accounts for a major market share in North America. The country is the origin of most of the technological advancements in the tractor industry in the region. Due to the reduced farm labor supply and drive for greater productivity the use of tractors in Canada have been continuously increasing. The agricultural economy in Mexico is large and modernizing rapidly. Mexico currently employs around 15% of the workforce for agriculture; however, the number has been rapidly declining since the last decade. The push from Government for mechanization to increase farm output indicates a strong potential for the tractors market. Mexico is the major exports market of tractors and its parts for the U.S

The market has been segmented based on the:

  • End applications- Utility, Row crop, Garden type, Orchard type, Rotary tillers, and Implement carriers
  • Horse Power- Below 40 HP, 40 HP-100 HP, and Above 100 HP
  • Drive Type- Two Wheel and Four Wheel

Competitive Landscape

Deere and Company, CNH Global NV, Mahindra & Mahindra Ltd., AGCO Tractor, Massey Ferguson, and Claas KGaA mbH are a few key players in the market. Aggressive marketing and strengthening the distribution network are major strategies adopted by key players

Key Deliverables

  • Market trends since 2017 and five-year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects, and competition pattern
  • Insights on the growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry
Note: Product cover images may vary from those shown


  • AGCO Corp.
  • Claas KGaA mbH
  • CNH Industrial N.V
  • Deere and Company
  • Escorts Limited
  • Kubota Corporation
1. Introduction
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary
2.1 Market Summary By Type
2.2 Market Summary by Geography

3. Industry Dynamics
3.1 Drivers
3.1.1 Growing access to subsidies and credits for Farm Machinery in Asia
3.1.2 Push for agriculture mechanization from policy makers
3.1.3 Focus to increase cropping intensity
3.1.4 Dwindling agriculture laborers due to Urbanization
3.2 Restraints
3.2.1 Diminishing area under agriculture
3.2.2 Increased number of fragmented landholding in Asia
3.2.3 Consolidating farmland under contract farming & co-operatives
3.3 Opportunities
3.3.1 Growing emphasis on Precision farming
3.3.2 Hill Agriculture
3.3.3 Gender friendly tools and Equipment
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in the Industry
3.6 Value Chain Analysis
3.7 Impact of Covid-19 on agriculture tractor industry
3.8 Market Innovations

4. Market Size and Forecast
4.1 Market Share, By Types
4.1.1 Utility Tractors
4.1.2 Row crop tractors
4.1.3 Garden Tractor
4.1.4 Orchard Tractor
4.1.5 Others
4.2 Market Share, By Horse Power
4.2.1 Below 40 HP
4.2.2 40 HP-100 HP
4.2.3 Above 100 HP
4.3 Market Share, By Drive Type
4.3.1 Two-Wheel Drive
4.3.2 Four-Wheel Drive

5. Country Market Share
5.1 North America
5.1.1 U.S.
5.1.2 Canada
5.1.3 Mexico
5.1.4 Others

6. Competitive Analysis
6.1 Market Share Analysis
6.2 Growth Strategies of leading players
6.3 Investment and Development Prospects
6.3.1 Investment in past five years
6.3.2 Investment Opportunities

7. Company Profiles
7.1 AGCO Corp.
7.2 Claas KGaA mbH
7.3 CNH Industrial N.V
7.4 Deere and Company
7.5 Same Deutz-Fahr
7.6 Escorts Limited
7.7 Kubota Corporation
7.8 Mahindra & Mahindra Ltd.
7.9 Tractors and Farm Equipment Ltd.
7.10 Yanmar Company Limited



Note: Product cover images may vary from those shown
  • AGCO Corp.
  • Claas KGaA mbH
  • CNH Industrial N.V
  • Deere and Company
  • Same Deutz-Fahr
  • Escorts Limited
  • Kubota Corporation
  • Mahindra & Mahindra Ltd.
  • Tractors and Farm Equipment Ltd.
  • Yanmar Company Limited
Note: Product cover images may vary from those shown