US Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The United States Agricultural Tractor Machinery Market Report is Segmented by Horsepower Into Below 40 HP, 40-100 HP, and Above 100 HP, and Tractor Type Into Utility Tractors, Row Crop Tractors, Garden & Orchard Type Tractors, and Other Tractor Types. The Report Offers the Market Size and Forecasts for Volume (units) and Value (USD) for all the Above Segments.

US Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

United States Agricultural Tractor Market Size

United States Agricultural Tractor Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 18.13 Billion
Market Size (2030) USD 25.79 Billion
CAGR (2025 - 2030) 7.30 %
Market Concentration High

Major Players

United States Agricultural Tractor Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of United States Agricultural Tractor Market with other markets in Agriculture Industry

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United States Agricultural Tractor Market Analysis

The United States Agricultural Tractor Market size is estimated at USD 18.13 billion in 2025, and is expected to reach USD 25.79 billion by 2030, at a CAGR of 7.3% during the forecast period (2025-2030).

  • Driven by a vast agricultural sector and continuous investments in mechanized farming, the United States boasts one of the world's largest and most mature tractor markets. Steady growth in the U.S. tractor market is attributed to the rising mechanization in farming.
  • Key drivers include a growing food demand spurred by population growth, technological innovations, and governmental backing for modern farming. Such dynamics have bolstered tractor sales nationwide. For example, sales of 4WD tractors in the United States saw a 9.4% uptick in May 2024 compared to May 2023, according to the Association of Equipment Manufacturers (AEM).
  • The country's market caters to a diverse range of tractors, from compact models for smaller farms and landscaping to powerful machines designed for expansive commercial agriculture. Modern tractors in the United States are increasingly incorporating precision agriculture technologies, such as GPS, autonomous driving, telematics, and data analytics. These innovations empower farmers to boost yields, optimize fuel consumption, and cut labor costs.
  • Additionally, there's a rising trend towards electric tractors and eco-friendly machinery, as firms aim to curb carbon emissions and adhere to stringent environmental standards. The momentum is also building for driverless and semi-autonomous tractors, with industry leaders like John Deere making significant investments in automation to enhance efficiency and trim labor expenses. The demand for sustainable farming and a decreased dependence on fossil fuels is likely to elevate the prominence of electric and hybrid tractors.
  • In summary, while the United States tractor market thrives on technological advancements and the modernization of agricultural practices, it must navigate challenges like cost constraints and labor shortages in the future.

United States Agricultural Tractors Industry Overview

The agricultural tractors market in the United States is highly consolidated, with players including Deere & Company​, CNH Industrial, Kubota Corporation​ , and Claas KGaA mbH. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the country. Further, expansions and investments in R&D are likely to be crucial strategies in the coming years.

United States Agricultural Tractors Market Leaders

  1. CLAAS KGaA mbH

  2. Deere & Company

  3. CNH Industrial N.V.

  4. Kubota Corporation

  5. AGCO Corporation

  6. *Disclaimer: Major Players sorted in no particular order
United States Agricultural Tractor Machinery Market - Market Concentration
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United States Agricultural Tractors Market News

  • February 2023: CLAAS launched the XERION tractor line with powertrain modifications, enhanced hydraulic flow, and increased versatility.
  • March 2023: CNH Industrial purchased Augmenta Company to accelerate the growth of their innovative Sense & Act technology in agriculture. This is an important development for the agriculture business that will further support dealers by differentiating equipment through value-added technology.
  • April 2022: Kubota North America Corporation (KNA) expanded the new 280-acre, Research and Development Center in the state of Georgia, United States, to meet the needs of tractors for North American customers. Kubota has invested more than USD 85 million to bring the new facility online, and it will open with 70 engineering and technical employees.

United States Agricultural Tractors Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & 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 Technological advancements drive Market Growth
    • 4.2.2 Shortage of Labor In the Agriculture Sector
    • 4.2.3 Government Support to Enhance Farm Mechanization
  • 4.3 Market Restraints
    • 4.3.1 High Initial Investments and Maintenance Cost of Farm Machinery
    • 4.3.2 High Percentage of Small-Sized Farms Holdings
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Horse Power
    • 5.1.1 Below 40 HP
    • 5.1.2 40-100 HP
    • 5.1.3 Above 100 HP
  • 5.2 Tractor Type
    • 5.2.1 Utility Tractors
    • 5.2.2 Row Crop Tractors
    • 5.2.3 Graden & Orchard Type Tractors
    • 5.2.4 Other Tractor Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 AGCO Corporation
    • 6.3.2 CNH Industrial N.V.
    • 6.3.3 Deere & Company
    • 6.3.4 KUBOTA Corporation
    • 6.3.5 Mahindra and Mahindra Ltd.
    • 6.3.6 The Case Corporation
    • 6.3.7 Deutz-Fahr
    • 6.3.8 CLAAS KGaA mbH
    • 6.3.9 Daedong-USA, Inc.
    • 6.3.10 Belarus Tractor
    • 6.3.11 Massey Ferguson Limited
    • 6.3.12 Caterpillar Inc.
    • 6.3.13 SAME Deutz Fahr
    • 6.3.14 Escorts Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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United States Agricultural Tractor Industry Segmentation

A tractor is a farm vehicle used to pull farm machinery and provide the energy needed for the machinery to work. For this report, tractors used in agricultural operations, especially four-wheeled tractors, have been considered. The United States agricultural tractor machinery market is segmented by horsepower into below 40 HP, 40-100 HP, and above 100 HP, and tractor type into utility tractors, row crop tractors, garden & orchard type tractors, and other tractor types. The report offers the market size and forecasts for volume (units) and value (USD) for all the above segments. 

Horse Power Below 40 HP
40-100 HP
Above 100 HP
Tractor Type Utility Tractors
Row Crop Tractors
Graden & Orchard Type Tractors
Other Tractor Types
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United States Agricultural Tractors Market Research FAQs

How big is the United States Agricultural Tractor Market?

The United States Agricultural Tractor Market size is expected to reach USD 18.13 billion in 2025 and grow at a CAGR of 7.30% to reach USD 25.79 billion by 2030.

What is the current United States Agricultural Tractor Market size?

In 2025, the United States Agricultural Tractor Market size is expected to reach USD 18.13 billion.

Who are the key players in United States Agricultural Tractor Market?

CLAAS KGaA mbH, Deere & Company, CNH Industrial N.V., Kubota Corporation and AGCO Corporation are the major companies operating in the United States Agricultural Tractor Market.

What years does this United States Agricultural Tractor Market cover, and what was the market size in 2024?

In 2024, the United States Agricultural Tractor Market size was estimated at USD 16.81 billion. The report covers the United States Agricultural Tractor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Agricultural Tractor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

United States Agricultural Tractors Industry Report

Statistics for the 2025 United States Agricultural Tractor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Agricultural Tractor 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.