North America Compact Agricultural Tractors Market Size & Outlook
North America compact agricultural tractors market highlights
- The North America compact agricultural tractors market generated a revenue of USD 4,068.5 million in 2024.
- The market is expected to grow at a CAGR of 9.2% from 2025 to 2030.
- In terms of segment, below 30hp was the largest revenue generating engine power in 2024.
- Below 30HP is the most lucrative engine power segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2024 | USD 4,068.5 million |
| Market revenue in 2030 | USD 6,853.7 million |
| Growth rate | 9.2% (CAGR from 2025 to 2030) |
| Largest segment | Below 30hp |
| Fastest growing segment | Below 30HP |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Below 30HP |
Other key industry trends
- In terms of revenue, North America region accounted for 23.3% of the global compact agricultural tractors market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,857.5 million by 2030.
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Compact Agricultural Tractors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Daedong Industrial | View profile | 1001-5000 | Daegu, Taegu-jikhalsi, South Korea, Asia | http://www.daedong.co.kr |
| Mahindra & Mahindra | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://mahindratractor.com |
| TYM | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://tym.world |
| Yanmar | View profile | 1001-5000 | Adairsville, Georgia, United States, North America | http://yanmar.com |
| International Tractors Ltd | View profile | 501-1000 | Hoshiarpur, Punjab, India, Asia | http://www.international.sonalika.com/ |
| Kubota Tractor | View profile | 1001-5000 | Grapevine, Texas, United States, North America | https://www.kubotausa.com |
| AGCO Corporation | View profile | 10001+ | Beloit, Kansas, United States, North America | https://www.sunflowermfg.com/ |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
North America compact agricultural tractors 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 compact agricultural tractors market will help companies and investors design strategic landscapes.
Below 30hp was the largest segment with a revenue share of 108.58% in 2024. Horizon Databook has segmented the North America compact agricultural tractors market based on below 30hp covering the revenue growth of each sub-segment from 2018 to 2030.
The rising popularity of urban and suburban farming in North America is driving the demand for compact tractors. With the increasing interest in local food production, urban farms, community gardens, and even backyard farming, the need for small, easy-to-manage, and versatile farming equipment has grown.
These areas often have limited space, so compact tractors are ideal for efficiently working smaller plots of land. Additionally, urban farming practices often emphasize sustainability, further increasing the demand for electric or hybrid models, which can be operated in noise-sensitive or urban environments.
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Our clientele includes a mix of compact agricultural tractors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America compact agricultural tractors market , including forecasts for subscribers. This continent databook contains high-level insights into North America compact agricultural tractors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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