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

The report covers Global Utility Tractor Market Penetration & Sales and is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa) covering more than 15 Countries.

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

Utility Tractor Market Size

Utility Tractor Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 44.40 Billion
Market Size (2030) USD 55.28 Billion
CAGR (2025 - 2030) 4.48 %
Fastest Growing Market North America
Largest Market Asia Pacific
Market Concentration High

Major Players

Utility Tractor Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Utility Tractor Market Analysis

The Utility Tractor Market size is estimated at USD 44.40 billion in 2025, and is expected to reach USD 55.28 billion by 2030, at a CAGR of 4.48% during the forecast period (2025-2030).

  • Utility tractor is designed for various tasks such as front loader work, soil cultivation, and transportation. This type of tractor is used for farming operations such as plowing and pulling heavy implements. Globally the use of machinery in agriculture is increasing due to increased demand for food and higher penetration of farm mechanization. Utility tractors help the farmer carry out the agriculture process with ease.
  • The utility tractors comprise a range of 35 HP to 100 HP segments, including many compact and utility-type tractors meant for small- to mid-sized farming tasks. Small-scale farmers are increasingly adopting compact utility tractors (40HP-70HP) as they are much smaller than the average agricultural tractors and priced much lower. Despite the low-cost, compact tractors can help farmers perform many tasks with the help of farm equipment, such as backhoes and front-end loaders, and save labor wage expenses. Although a key reason for the increasing demand for larger (41-50 HP) tractors is the hard soil condition, increased use in non-agricultural segments, such as infrastructure and construction fields, has also contributed to the increase in demand in this category, which will boost the utility tractors industry to grow in the coming years.
  • Utility tractors can work with significant front or rear attachments, like front-end loaders and backhoes, for loading and digging. Still, they can also be used for landscaping, seeding, hay cultivation, and snow removal, which drives the market for this segment globally. The farm mechanization level in India was recorded at 40.0%-45.0% in 2019. The penetration of farm equipment is slow, as almost 80.0% of small and marginal farmers own less than five hectares of land in the country. The agriculture sector in India has witnessed a substantial decline in the use of animal and human power in the agriculture sector. Many of these are driven by fossil fuel-operated vehicles, such as tractors and diesel engines. This has shifted from the traditional agriculture process to a more mechanized one.
  • Though the level of mechanization in India is lower than in other developing countries, like China and Brazil, it is certainly in a growing phase. To increase the mechanization level, the Indian government has been promoting 'Balanced Farm Mechanization' by providing subsidies on various equipment and supporting bulk buying through front-end agencies, which is expected to strengthen the utility tractors market during the forecast period.

Utility Tractor Industry Overview

The utility tractors market is highly consolidated, with few players cornering most of the market share. Deere & Company, CNH Industrial, AGCO Corporation, CLAAS KGaA mbH, and Mahindra & Mahindra Corporation are major players in this market. New product launches, partnerships, and acquisitions are the major strategies the leading global companies adopt. Along with innovations and expansions, investments in R&D and developing novel product portfolios will likely be crucial strategies in the coming years.

Utility Tractor Market Leaders

  1. Deere and Company

  2. CLAAS KGaA mbH

  3. Mahindra and Mahindra Corporation

  4. AGCO Corporation

  5. CNH Global NV

  6. *Disclaimer: Major Players sorted in no particular order
Utility Tractor Market Concentration
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Utility Tractor Market News

  • April 2022: Kubota expanded its R&D sector in a new 280-acre land in Georgia to meet North American customers' tractor needs. Kubota invested more than USD 85 million in bringing the new facility to an online platform.
  • December 2021: John Deere acquired Kreisel Electric Company to expand its electric vehicle utility tractor lineup and broaden its product portfolio in the market.

Utility Tractor 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
  • 4.3 Market Restraints
  • 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 Geography
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.2 Canada
    • 5.1.1.3 Rest of North America
    • 5.1.2 Europe
    • 5.1.2.1 Germany
    • 5.1.2.2 United Kingdom
    • 5.1.2.3 France
    • 5.1.2.4 Spain
    • 5.1.2.5 Italy
    • 5.1.2.6 Rest of Europe
    • 5.1.3 Asia-Pacific
    • 5.1.3.1 China
    • 5.1.3.2 Japan
    • 5.1.3.3 India
    • 5.1.3.4 Rest of Asia-Pacific
    • 5.1.4 Rest of the World
    • 5.1.4.1 Brazil
    • 5.1.4.2 South Africa
    • 5.1.4.3 Other Countries

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Deere and Company
    • 6.3.2 CNH Global NV
    • 6.3.3 AGCO Corporation
    • 6.3.4 CLAAS KGaA mbH
    • 6.3.5 Mahindra and Mahindra Corporation
    • 6.3.6 Kubota Corporation
    • 6.3.7 Escorts Group
    • 6.3.8 Tractors and Farm Equipment Limited (TAFE)
    • 6.3.9 Kuhn Group
    • 6.3.10 Yanmar Company Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Utility Tractor Industry Segmentation

Utility tractors are low- to medium-horsepower tractors used primarily for pulling auxiliary equipment but also used in construction with attachments for trenching, dozing, breaking, etc. Most utility tractors in the 50 to 100 range can handle almost everything one can do around the farm. 

The utility tractor market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa covering more than 15 Countries. 

The report offers the market size and forecasts for volume in (units) and value in (USD million) for all the above segments.

Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific China
Japan
India
Rest of Asia-Pacific
Rest of the World Brazil
South Africa
Other Countries
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Utility Tractor Market Research FAQs

How big is the Utility Tractor Market?

The Utility Tractor Market size is expected to reach USD 44.40 billion in 2025 and grow at a CAGR of 4.48% to reach USD 55.28 billion by 2030.

What is the current Utility Tractor Market size?

In 2025, the Utility Tractor Market size is expected to reach USD 44.40 billion.

Who are the key players in Utility Tractor Market?

Deere and Company, CLAAS KGaA mbH, Mahindra and Mahindra Corporation, AGCO Corporation and CNH Global NV are the major companies operating in the Utility Tractor Market.

Which is the fastest growing region in Utility Tractor Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Utility Tractor Market?

In 2025, the Asia Pacific accounts for the largest market share in Utility Tractor Market.

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

In 2024, the Utility Tractor Market size was estimated at USD 42.41 billion. The report covers the Utility Tractor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Utility Tractor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Utility Tractor Industry Report

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