Global Wheeled Tractor Machinery Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Wheeled Tractor;

Utility Tractors, Row Crop Tractors, Orchard Type Tractor, Industrial Tractor, Garden Tractor, Rotary Tillers, Implement Carrier, and Earth Moving Tractor.

By Design;

Two-Wheeled Tractors and Four-Wheeled Tractors.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn081206077 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Wheeled Tractor Machinery Market (USD Million), 2021 - 2031

In the year 2024, the Global Wheeled Tractor Machinery Market was valued at USD 63,523.13 million. The size of this market is expected to increase to USD 97,744.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global wheeled tractor machinery market has experienced robust growth in recent years, driven by increasing mechanization in agriculture, advancements in agricultural technology, and rising global food demand. Wheeled tractors, as essential components of farm machinery, play a pivotal role in enhancing agricultural productivity, efficiency, and sustainability across diverse farming operations worldwide.

Agricultural mechanization, facilitated by wheeled tractors, has revolutionized farming practices by reducing labor requirements, improving operational efficiency, and enabling farmers to cultivate larger areas within shorter timeframes. These machines are versatile, capable of performing various tasks such as plowing, seeding, fertilizing, spraying, and harvesting, thereby streamlining farm operations and optimizing yields.

Technological advancements have further propelled the growth of the wheeled tractor machinery market. Modern wheeled tractors are equipped with precision farming technologies, GPS systems, automated steering capabilities, and telematics solutions. These innovations not only enhance tractor performance and accuracy but also enable data-driven decision-making, optimizing inputs, and reducing environmental impact.

The increasing adoption of sustainable agricultural practices and the emphasis on resource efficiency are driving demand for advanced wheeled tractors that offer fuel efficiency, reduced emissions, and compatibility with alternative fuels. These factors align with global initiatives towards agricultural sustainability and climate resilience, influencing manufacturers to innovate and introduce eco-friendly tractor models.

As the global population continues to grow, so does the demand for food, necessitating higher agricultural productivity. Wheeled tractors are pivotal in meeting this demand by enabling farmers to efficiently manage larger farms and cultivate more efficiently. Emerging markets in Asia-Pacific, Latin America, and Africa are particularly significant contributors to market growth, driven by expanding agricultural sectors and government initiatives supporting farm mechanization.

The wheeled tractor machinery market is poised for continued growth, fueled by technological advancements, increasing mechanization in agriculture, and the imperative to enhance food production efficiency sustainably. Manufacturers and stakeholders in the agricultural machinery sector are leveraging innovation to meet evolving market demands and capitalize on opportunities in the global agricultural landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Wheeled Tractor
    2. Market Snapshot, By Design
    3. Market Snapshot, By Region
  4. Global Wheeled Tractor Machinery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Agricultural Mechanization
        2. Technological Advancements
        3. Increasing Farm Sizes
        4. Rising Global Food Demand
      2. Restraints
        1. High Initial Costs
        2. Operational and Maintenance Expenses
        3. Environmental Regulations
        4. Trade Tariffs and Export Restrictions
      3. Opportunities
        1. Precision Agriculture Technologies
        2. Emerging Markets in Asia-Pacific and Africa
        3. Sustainable Agriculture Practices
        4. Rental and Leasing Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Wheeled Tractor Machinery Market, By Wheeled Tractor, 2021 - 2031 (USD Million)
      1. Utility Tractors
      2. Row Crop Tractors
      3. Orchard Type Tractor
      4. Industrial Tractor
      5. Garden Tractor
      6. Rotary Tillers
      7. Implement Carrier
      8. Earth Moving Tractor
    2. Global Wheeled Tractor Machinery Market, By Design, 2021 - 2031 (USD Million)
      1. Two-Wheeled Tractors
      2. Four-Wheeled Tractors
    3. Global Wheeled Tractor Machinery Market, By Geography, 2021 - 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
      6. Brazil
      7. Mexico
      8. Argentina
      9. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Deere and Company
      2. Mahindra & Mahindra
      3. Kubota Tractor Corp
      4. Deutz-Fahr
      5. Kioti Tractor
  7. Analyst Views
  8. Future Outlook of the Market