North America Agricultural Tractor Market Size & Outlook
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North America agricultural tractor market highlights
- The North America agricultural tractor market generated a revenue of USD 14.7 million in 2025.
- The market is expected to grow at a CAGR of 3.73% from 2026 to 2033.
- In terms of segment, less than 40 hp was the largest revenue generating engine power in 2025.
- More than 100 Hp is the most lucrative engine power segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 14.7 million |
| Market revenue in 2033 | USD 19.7 million |
| Growth rate | 3.73% (CAGR from 2026 to 2033) |
| Largest segment | Less than 40 hp |
| Fastest growing segment | More than 100 Hp |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than 40 Hp, More than 100 Hp, 41 to 100 Hp |
| Key market players worldwide | AGCO Corp, CNH Industrial NV, Deere & Co, CLAAS, Kubota Corp, Mahindra & Mahindra Ltd DR, International Tractors Ltd, Yanmar, Escorts, Tractors and Farm Equipment |
Other key industry trends
- In terms of revenue, North America region accounted for 21.8% of the global agricultural tractor market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 50.1 million by 2033.
The agricultural tractors market in North America is experiencing robust growth, marked by a shift toward advanced technologies and precision farming practices. Industry leaders in North America, such as Deere & Company and AGCO Corporation, have played a significant role in shaping the market landscape.
The region's agricultural tractors market has also witnessed a surge in demand for compact and sub-compact tractors, driven by the preferences of small-scale and hobby farmers. The adoption of telematics and connectivity solutions in agricultural tractors is a notable trend in North America.
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Publish Date: Aug 06, 2026
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Agricultural Tractor Market Scope
Agricultural Tractor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Deere & Co | View profile | 83,000 | One John Deere Place, Moline, IL, United States, 61265 | www.deere.com |
| CNH Industrial NV | View profile | 40,496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | www.cnhindustrial.com |
| AGCO Corp | View profile | 27,900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | www.agcocorp.com |
| Mahindra & Mahindra Ltd DR | View profile | 61,874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | www.mahindra.com |
| Kubota Corp | View profile | 65,532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | www.kubota.co.jp |
| CLAAS | View profile | 10001+ | Harsewinkel, Nordrhein-Westfalen, Germany, Europe | claas-gruppe.com |
| International Tractors Ltd | View profile | 501-1000 | Hoshiarpur, Punjab, India, Asia | www.international.sonalika.com/ |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | yanmar.com |
| Escorts | View profile | 5001-10000 | Faridabad, Haryana, India, Asia | www.escortsgroup.com/ |
| Tractors and Farm Equipment | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | www.tafe.com |
North America Agricultural Tractor Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Agricultural Tractor Market Outlook will help companies and investors design strategic landscapes.
Less Than 40 Hp was the largest segment with a revenue share of 39.46% in 2025.
Horizon Databook has segmented the North America agricultural tractor market based on less than 40 hp, more than 100 hp, 41 to 100 hp covering the revenue growth of each sub-segment from 2021 to 2033.
The agricultural tractors market in North America is experiencing robust growth, marked by a shift toward advanced technologies and precision farming practices. Industry leaders in North America, such as Deere & Company and AGCO Corporation, have played a significant role in shaping the market landscape.
The region's agricultural tractors market has also witnessed a surge in demand for compact and sub-compact tractors, driven by the preferences of small-scale and hobby farmers. The adoption of telematics and connectivity solutions in agricultural tractors is a notable trend in North America.
- North America Agricultural Tractor Market Engine Power Outlook (Revenue, USD Million , 2021-2033)
- Less than 40 Hp
- More than 100 Hp
- 41 to 100 Hp
- North America Agricultural Tractor Market Application Outlook (Revenue, USD Million , 2021-2033)
- 2WD
- 4WD
- North America Agricultural Tractor Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Electric
- ICE
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Agricultural Tractor Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Agricultural Tractor Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Agricultural Tractor Market, 2021-2033 (US$M)
North America Engine Power - Agricultural Tractor Market Statistics, 2025 - 2033 (US$M)
