Press release
Sales of Farm Tractors Are Projected to Increase at A CAGR of 5.3% By 2032
The global farm tractors market is projected to reach a valuation of US$ 120 billion by 2032, as per data released by Fact.MR, a market research and competitive intelligence provider.Increasing urbanization has resulted in a labor scarcity for agricultural activities. This scarcity is projected to drive up demand for farm tractors. The use of tractors in farm operations increases production while using the fewest resources. Governments in developing and developed nations provide large subsidies for the purchase of farm tractors to promote modernized farming.
Farm tractors are generally used for a variety of farming operations, such as tilling, plowing, and planting fields. They are also utilized for spreading fertilizer, removing bushes, and other agricultural tasks. Customers can choose from a broad selection of farm tractors. Farm tractors have capabilities ranging from less than 40 HP to more than 200 HP, making them ideal for a wide range of farming operations.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ
https://www.factmr.com/connectus/sample?flag=S&rep_id=7813
Moreover, the increased need to replace obsolete agricultural machinery is likely to boost the demand for farm tractors during the forecast period. Furthermore, manufacturers are pushing their tractors by offering consumers attractive incentives, which is expected to raise the sales of farm tractors.
Manufacturers are also partnering with financial institutions to give farmers financial support to purchase farm tractors. Moreover, growing technological advancements in farming machinery and increased manufacturer investment in the creation of electrically powered automated tractors are expected to provide lucrative market growth prospects throughout the forecast period.
Key Takeaways from Market Study
โข The global farm tractors market is valued at US$ 71 billion in 2022.
โข The market is predicted to expand at a CAGR of 5.3% from 2022 to 2032
โข Global demand for farm tractors is likely to touch US$ 120 billion by 2032.
โข Asia Pacific held 73.5% share of the global farm tractors market in 2021.
โข The European market is expected to expand at a CAGR of 4.1% during the forecast period.
โข The North American market is projected to grow at a CAGR of 3.3% through 2032.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ --
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7813
Key Segments in Farm Tractors Industry Research
โข By Power Output:
o Up to 30 HP
o 31HP to 100 HP
o 101HP to 200 HP
o Above 200 HP
โข By Drive Type:
o Two-wheel Drive (2WD)
o Four-wheel Drive (4WD)
โข By Region:
o North America
o Latin America
o Europe
o APAC
o MEA
Winning Strategy
Short-term obstacles for OEMs include high raw material prices, a shortage of skilled staff, and a shortage of semiconductor components. However, strategic activities such as collaborations and innovations are likely to alleviate such obstacles during the forecast period.
For instance:
โข CLAAS expanded its collaboration with Carraro Firm, an international group that is a leader in transmission systems for specialist tractors and off-road vehicles. Following this expanded collaboration, the two businesses will concentrate on the creation and production of compact and special tractors, as well as the supply of tractor gears and axles.
๐๐๐ญ ๐ ๐ซ๐๐ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ -
https://www.factmr.com/checkout/7813
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global farm tractors market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of power output (up to 30HP, 31HP to 100HP, 101HP to 200HP, above 200 HP) and drive type (two-wheel drive (2WD), four-wheel drive (4WD)), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions/Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Power Output modifications /Innovation
4. Key Success Factors
4.1. Strategic Developments
4.2. Key regulations
4.3. Power Output USPs /Technology
4.4. List of Manufacturers and Providers
Contdโฆ
Read More Trending Reports of Fact.MR :
https://www.prnewswire.com/news-releases/lift-trucks-demand-fueled-by-expansion-of-e-commerce-sector-valuation-to-reach-us-94-56-billion-by-2032--301590841.html
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E Mail : sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sales of Farm Tractors Are Projected to Increase at A CAGR of 5.3% By 2032 here
News-ID: 2794586 • Views: โฆ
More Releases from Fact.MR

Bioelectric Catheters Market Poised to Surpass USD 9.7 Billion by 2035 Amid Grow โฆ
The global Bioelectric Catheters Market is set to expand at an impressive CAGR of 10.4% between 2025 and 2035, rising from an estimated USD 3.6 billion in 2025 to reach USD 9.7 billion by 2035, according to the latest insights from Fact.MR. The market's rapid acceleration is attributed to the rising prevalence of cardiovascular and neurological diseases, increasing adoption of minimally invasive surgeries, and the integration of AI and IoT-enabledโฆ

AI-Based Spirometers Market Set to Surge to USD 536.9 Million by 2035 - Driven b โฆ
The global AI-based spirometers market is on a strong growth trajectory, forecasted to climb from USD 89.7 million in 2025 to an impressive USD 536.9 million by 2035, according to a new study by Fact.MR. This growth, at a CAGR of 19.6%, underscores the transformative role of artificial intelligence (AI) in redefining respiratory diagnostics and patient monitoring worldwide.
As healthcare systems globally shift toward preventive and precision medicine, AI-based spirometry devicesโฆ

3D Printed Heart Valves Market: Japan to Record 13.7% CAGR Through 2035 | FactMR โฆ
The global 3D-printed heart valves market is expected to reach USD 568.2 Million by 2035, up from an estimated value of USD 150.6 Million in 2025. During the forecast period from 2025 to 2035, the industry is projected to expand at a CAGR of 14.2%.
Market Overview
The emergence of 3D printing technology has enabled the production of customized heart valves that closely replicate the structure and mechanical properties of natural humanโฆ

Canada's Marine Valves and Actuators Market Set to Grow at 5% CAGR Through 2035 โฆ
The global marine valves and actuators market is projected to increase from USD 7.6 billion in 2025 to USD 12.7 billion by 2035, registering a compound annual growth rate (CAGR) of 5.3% during the forecast period. This steady growth is driven by factors such as expanding offshore exploration, increasing shipbuilding activities, and the growing adoption of automation and environmental compliance technologies within maritime operations.
Market by Product Type
The market is categorizedโฆ
More Releases for Farm
Agritourism Market Future Business Opportunities 2025-2032 | Field Farm Tours Li โฆ
The Agritourism market is estimated to be valued at USD 9.19 Bn in 2025 and is expected to reach USD 19.82 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.6% from 2025 to 2032.
The Latest research study released by Coherent Market Insights on the Agritourism Market Size, Share & Trends Forecast 2025-2032 with 150+ pages of analysis on business strategy taken up by key and emergingโฆ
Agritourism Market Future Business Opportunities 2025-2032 | Field Farm Tours Li โฆ
Agritourism Market is in trends by Sustainable Travel Demand
Market Overview
With the rising consumer appetite for authentic rural experiences, agritourism has emerged as a lucrative avenue blending agriculture and tourism. Agritourism products include farm stays, vineyard tours, agricultural workshops, farm-to-table dining, and hands-on harvesting activities that offer immersive experiences beyond conventional travel. These offerings deliver multiple advantages: they diversify revenue streams for farm owners, bolster rural economies, promote sustainable farming practices,โฆ
Agritourism Market Is Booming Worldwide 2025-2032 | Field Farm Tours Limited , F โฆ
This report on the Agritourism Market offers an comprehensive analysis of the current trends, Market size, and projections up to 2032. Combining qualitative and quantitative insights, the report covers key trends, challenges, opportunities, Market size, growth forecasts, and recent developments. It also evaluates government policies, Market dynamics, cost structures, and the competitive landscape, while highlighting emerging advancements and future growth potential. The report further highlights year-over-year growth rates and calculatesโฆ
Agritourism Market Set to Witness Significant Growth by 2024-2031 |Field Farm To โฆ
The research report on the Agritourism Market provides an in-depth analysis of the industry's current state and projected growth from 2024 to 2031. It presents key statistics, trends, and market dynamics that not only clarify the existing landscape but also highlights factors driving market growth and the challenges that may impede progress.. The report also identifies emerging trends and untapped opportunities that can help businesses capitalize on growth areas. Theโฆ
Agritourism Market Hits New High | Big Giants Australian Agritourism, Field Farm โฆ
HTF MI recently introduced Global Agritourism Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Agritourism World, Select Holidays, Expedia, Airbnb, Farm Stay USA, Ranchweb, Harvest Hosts, Ruralis, Fieldโฆ
Agritourism Market Size May See A Big Move | Bay Farm Tours, Blackberry Farm, LL โฆ
The agritourism market size was valued at $42,460.3 million in 2019, and is estimated to reach $62,982.6 million by 2027, registering a CAGR of 13.4% from 2021 to 2027. Agritourism activities are becoming vital component of many farm operations. These activities find great potential to increase the revenue of the farmers without hampering the existing farm revenue. Most of the agriculturist are adopting the Agritourism as agriculture allied business andโฆ