Southeast Asia Agriculture Tractors Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Southeast Asia Agricultural Tractors Market Report and It is Segmented by Type (Orchard Tractors, Row-Crop Tractors, and Utility Tractors), Horsepower (Less Than 12 HP, 12 HP To 99 HP, 100 HP To 175 HP, and Above 175 HP), and Geography (Thailand, Vietnam, Malaysia, Indonesia, Singapore, Philippines, Cambodia, Myanmar, and Rest of Southeast Asia). The Market Estimation and Forecasts are Provided in Value (USD) for the Above-Mentioned Segments.

Southeast Asia Agriculture Tractors Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Southeast Asia Agricultural Tractors Market Size

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Southeast Asia Agricultural Tractors Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 2.55 Billion
Market Size (2030) USD 3.28 Billion
CAGR (2025 - 2030) 5.20 %
Market Concentration High

Major Players

Southeast Asia Agricultural Tractors Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Southeast Asia Agricultural Tractors Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

Southeast Asia Agricultural Tractors Market Analysis

The Southeast Asia Agricultural Tractors Market size is estimated at USD 2.55 billion in 2025, and is expected to reach USD 3.28 billion by 2030, at a CAGR of 5.20% during the forecast period (2025-2030).

In Southeast Asia, sales of agricultural tractors are surging, driven by a shortage of skilled farm laborers, the rising mechanization of agriculture, and a diverse demand for tractors with varying horsepower. As farmers pivot towards mechanization, they are increasingly replacing manual labor. Notably, Vietnam stands out as the leading user of agricultural tractors among Southeast Asian nations. The agriculture sector of Vietnam has witnessed a substantial decline in the use of animal and human power in the agriculture sector. About 53% of agricultural tractors in the country have a capacity of less than 12 HP, and 35% have 12 to 35 HP, while 12% have a capacity of more than 35 HP.

In the region's developing countries, farmers with limited disposable income and facing high labor costs are increasingly turning to lower horsepower (HP) tractors. Given the smaller sizes of their farmlands, these farmers favor compact and tailored tractors for their agricultural needs. Additionally, the fuel efficiency of these smaller tractors provides a significant advantage, bolstering the capabilities of small and marginal farmers. 

Modern tractors have evolved, driven by rising demands for power, precision, handling, and efficiency. This evolution is set to fuel their growth through the forecast period. In developing nations, as farm mechanization rises, so does the demand and production of agricultural tractors. Yet, the escalating costs of repair and maintenance pose a challenge to the market's expansion.

Southeast Asia Agricultural Tractors Industry Overview

The Southeast Asia agricultural tractor market is consolidated, with the major players occupying the major share of the market. The Deere and Company, Kubota Corporation, CNH Industrial NV, Yanmanr Co. Ltd, and ISEKI & CO Ltd are some significant players in the market. The players are often involved in adopting various strategies, such as partnerships and new product launches, to consolidate their position in the market.

Southeast Asia Agricultural Tractors Market Leaders

  1. KUBOTA Corporation

  2. Deere & Company

  3. YANMAR CO., LTD.

  4. CNH Industrial

  5. ISEKI & CO Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Southeast Asia Agricultural Tractors Market Concentration
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Southeast Asia Agricultural Tractors Market News

  • February 2024: John Deere launched a wide range of agriculture equipment for the Southeast Asia region at the Commodity Classic trade show, including Autonomy-ready high-horsepower 9RX series tractors, C-Series air carts, and sprayers with weed-sensing technology. The company is committed to providing farmers with innovative solutions to boost productivity, efficiency, and sustainability.
  • January 2024: Kubota unveiled the New Actually Concept, fully electric and autonomous tractors, at CES 2024. This concept vehicle is designed for various agricultural tasks and features quick charging capabilities for extended operation. Kubota envisions this technology as part of the future of working alongside automation and data analysis.

Southeast Asia Agricultural Tractors Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Skilled Labor Shortage
    • 4.2.2 Favorable Government Policies
    • 4.2.3 Access to Financing and Credit
  • 4.3 Market Restraints
    • 4.3.1 Fragmentation of Land Holdings
    • 4.3.2 Increasing Interest of Farmers Toward Custom Hiring Center
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Orchard Tractors
    • 5.1.2 Row-Crop Tractors
    • 5.1.3 Utility Tractors
  • 5.2 Horse Power
    • 5.2.1 Less than 12 HP
    • 5.2.2 12 HP to 99 HP
    • 5.2.3 100 HP to 175 HP
    • 5.2.4 Above 175 HP
  • 5.3 Geography
    • 5.3.1 Thailand
    • 5.3.2 Vietnam
    • 5.3.3 Malaysia
    • 5.3.4 Indonesia
    • 5.3.5 Singapore
    • 5.3.6 Philippines
    • 5.3.7 Cambodia
    • 5.3.8 Myanmar
    • 5.3.9 Rest of Southeast Asia

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 KUBOTA TRACTOR CORPORATION
    • 6.3.2 CLAAS KGaA mbH
    • 6.3.3 Deere & Company
    • 6.3.4 YANMAR CO. LTD
    • 6.3.5 CNH Industrial
    • 6.3.6 ISEKI CO. LTD
    • 6.3.7 Mitsubishi Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Southeast Asia Agricultural Tractors Industry Segmentation

An agricultural tractor is a vehicle designed to deliver a high tractive effort at slow speeds to haul a trailer or machinery. The market does not cover other agricultural machinery and attachments to the tractor. The tractor used for industrial and construction purposes is also excluded from the study.

The Southeast Asia agricultural tractor market is segmented by type (orchard tractors, row-crop tractors, and utility tractors), horsepower (less than 12 HP, 12 HP to 99 HP, 100 HP to 175 HP, and Above 175 HP), and geography (Thailand, Vietnam, Malaysia, Indonesia, Singapore, Philippines, Cambodia, Myanmar, and Rest of Southeast Asia).

The market sizing has been done in value terms in USD for all the above-mentioned segments.

Type Orchard Tractors
Row-Crop Tractors
Utility Tractors
Horse Power Less than 12 HP
12 HP to 99 HP
100 HP to 175 HP
Above 175 HP
Geography Thailand
Vietnam
Malaysia
Indonesia
Singapore
Philippines
Cambodia
Myanmar
Rest of Southeast Asia
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Southeast Asia Agricultural Tractors Market Research FAQs

How big is the Southeast Asia Agricultural Tractors Market?

The Southeast Asia Agricultural Tractors Market size is expected to reach USD 2.55 billion in 2025 and grow at a CAGR of 5.20% to reach USD 3.28 billion by 2030.

What is the current Southeast Asia Agricultural Tractors Market size?

In 2025, the Southeast Asia Agricultural Tractors Market size is expected to reach USD 2.55 billion.

Who are the key players in Southeast Asia Agricultural Tractors Market?

KUBOTA Corporation, Deere & Company, YANMAR CO., LTD., CNH Industrial and ISEKI & CO Ltd are the major companies operating in the Southeast Asia Agricultural Tractors Market.

What years does this Southeast Asia Agricultural Tractors Market cover, and what was the market size in 2024?

In 2024, the Southeast Asia Agricultural Tractors Market size was estimated at USD 2.42 billion. The report covers the Southeast Asia Agricultural Tractors Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Southeast Asia Agricultural Tractors Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Southeast Asia Agricultural Tractors Industry Report

Statistics for the 2025 Southeast Asia Agricultural Tractors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Southeast Asia Agricultural Tractors analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.