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    Europe Tractor Market

    ID: MRFR/AM/46360-HCR
    200 Pages
    Sejal Akre
    September 2025

    Europe Tractor Market Research Report By Power Output (Less Than 30 HP, 30-50 HP, 51-100 HP, More Than 100 HP), By Drive Type (2 Wheel Drive, 4 Wheel Drive) andBy Application (Agriculture, Construction, Mining, Logistics)- Forecast to 2035

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    Europe Tractor Market Research Report — Global Forecast till 2035 Infographic
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    Table of Contents

    Europe Tractor Market Summary

    The Europe Tractor market is projected to grow from 11.4 USD Billion in 2024 to 18.6 USD Billion by 2035.

    Key Market Trends & Highlights

    Europe Tractor Key Trends and Highlights

    • The market is expected to achieve a compound annual growth rate of 4.5 percent from 2025 to 2035.
    • By 2035, the Europe Tractor market is anticipated to reach a valuation of 18.6 USD Billion.
    • In 2024, the market valuation stands at 11.4 USD Billion, indicating a robust growth trajectory.
    • Growing adoption of advanced agricultural technologies due to increasing demand for efficient farming practices is a major market driver.

    Market Size & Forecast

    2024 Market Size 11.4 (USD Billion)
    2035 Market Size 18.6 (USD Billion)
    CAGR (2025-2035) 4.5%

    Major Players

    CLAAS KGaA mbH, SDF S.p.A., Massey Ferguson, Yanmar Co. Ltd., AGCO Corporation, CNH Industrial, Lamborghini Trattori S.p.A., Iseki and Co. Ltd., VALTRA, Fendt, JCB Ltd., Deere and Company, New Holland Agriculture, Kubota Corporation, ZETOR TRACTORS a.s.

    Europe Tractor Market Trends

    The market is ripe with opportunities, particularly in the realm of electric tractors.

    This presents a substantial opportunity for innovators in the tractor industry, as there is a clear drive for cleaner machinery as concerns over climate change and environmental sustainability continue to grow. Furthermore, the development of sustainable agricultural practices in Europe is facilitated by the evolving regulatory policies, which promote investment in research and development. This has led to the advancement of tractor technology that is in accordance with environmental standards. 

    Digital integration is becoming increasingly important in the development of smart agriculture solutions, as evidenced by recent trends. Farmers are increasingly seeking equipment that not only enhances productivity but also provides data-driven insights into farm management.

    This trend is bolstered by government initiatives that are dedicated to the integration of digital technology in agriculture in order to enhance efficiency and minimize waste. The momentum of the European tractor market is being shaped by a combination of regulatory support, technology, and sustainability, thereby ensuring that it progresses in accordance with modern agricultural practices and environmental awareness.

    Europe Tractor Market Drivers

    Market Segment Insights

    Tractor Market Power Output Insights

    Tractor Market Power Output Insights

    The Power Output segment within the Europe Tractor Market plays a crucial role in meeting diverse agricultural needs across various terrains and farming scales. In Europe, where agriculture remains a significant part of the economy, the demand for tractors is closely linked to the power output they deliver. This segment is categorized into four main areas: Less Than 30 HP, 30-50 HP, 51-100 HP, and More Than 100 HP. Each category serves specific agricultural applications, with tractors under 30 HP typically preferred for small farms and specialized tasks such as gardening and landscaping, offering maneuverability and ease of use.

    The 30-50 HP category is particularly popular among mid-sized farms, providing a balance of power and versatility suitable for a range of tasks from tilling to transporting goods. The 51-100 HP segment addresses the needs of larger agricultural operations, where tractors are required to handle significant workloads effectively, often integrating advanced technology for enhanced productivity. The More Than 100 HP tractors dominate the market in terms of sheer capability. They are essential for large-scale farming operations, capable of using heavy-duty implements for plowing, planting, and harvesting.

    Their significance is further emphasized by the growing trend toward mechanization in agriculture, driven by the need for efficiency and increased yields.

    This trend reflects a broader shift in the European agricultural sector, which is increasingly adopting advanced equipment to cope with labor shortages and optimize production processes. The Europe Tractor Market segmentation is also influenced by factors such as regulatory changes, sustainability efforts, and technological advancements. 

    Tractor Market Drive Type Insights

    Tractor Market Drive Type Insights

    The Drive Type segment of the Europe Tractor Market reflects a vital aspect of agricultural mechanics, focusing primarily on 2-wheel Drive and 4-wheel Drive configurations. 2-wheel Drive tractors are often preferred for their cost-effectiveness, making them suitable for basic farming activities and smaller operations among traditional farmers in rural Europe. On the other hand, 4-wheel drive tractors are gaining prominence due to their superior traction and power, particularly in more challenging terrains and larger agricultural setups.

    Increasing demands for efficient farming practices are boosting the adoption of advanced drive types, with 4-wheel drive models, in particular, being deployed in complex tasks such as heavy tillage and transporting goods across uneven landscapes.

    This segment is further influenced by market trends emphasizing fuel efficiency and technology integration in machinery, pushing manufacturers to innovate continuously. The diverse agricultural practices across Europe amplify the significance of these drive types, catering to varying landscape conditions and farmer requirements. As a result, understanding the Drive Type dynamics is essential for evaluating the Europe Tractor Market segmentation and improving operational efficiencies in farming activities.

    Tractor Market Application Insights

    Tractor Market Application Insights

    The Application segment of the Europe Tractor Market encompasses key areas such as Agriculture, Construction, Mining, and Logistics, each contributing significantly to the overall industry dynamics and growth trajectory. Agriculture remains a primary focus, driven by the increasing demand for food production and sustainable farming practices, thus necessitating advanced tractor technologies for efficiency and productivity. 

    In the Construction sector, the demand for robust tractors is fueled by ongoing infrastructural developments across Europe, promoting the need for versatile machinery in various projects.

    The Mining industry also registers substantial growth, with tractors playing a pivotal role in logistics, haulage, and site preparation, which are crucial for operational success. Furthermore, the Logistics segment benefits from tractors that enhance transport capability and material handling, contributing to supply chain efficiencies. As EU policies increasingly favor green and sustainable operations, industry players are exploring innovative solutions, promoting clean energy tractors to align with environmental standards. The focus across these applications reveals a positive outlook fostering investments in technology and sustainability strategies within the Europe Tractor Market, ultimately strengthening its position amid evolving industrial demands.

    Get more detailed insights about Europe Tractor Market Research Report — Global Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The Europe Tractor Market is a dynamic and competitive landscape characterized by a mix of established players and new entrants striving to capture market share. This region's agricultural industry is evolving rapidly due to advancements in technology, shifting consumer preferences towards sustainability, and the increasing need for efficient farming solutions to meet food production demands. 

    The competitive dynamics are shaped not only by product innovation and technology but also by various factors, including pricing strategies, customer service excellence, and distribution network efficiency.

    As the market adapts to trend shifts, companies are leveraging their strengths while strategizing to address the challenges presented by market fluctuations, regulatory pressures, and environmental concerns.CLAAS KGaA mbH has established itself as a significant player in the Europe Tractor Market, distinguished by its solid reputation for high-quality agricultural machinery and innovative technologies. 

    The company has a robust product portfolio that includes advanced tractors equipped with cutting-edge technology tailored for diverse agricultural applications.

    One of the strengths of CLAAS KGaA mbH is its commitment to research and development, which enables the company to introduce advanced features that improve operational efficiency and productivity for farmers. Furthermore, CLAAS KGaA mbH benefits from a well-established distribution network that ensures effective reach across various European markets, enabling it to cater to a wide range of customer needs while maintaining a strong competitive position through effective after-sales support and service.SDF S.p.A. operates in the Europe Tractor Market with a focus on providing a diverse range of agricultural machinery that caters to different segments of the farming community.

    The company boasts an extensive portfolio that includes tractors recognized for their performance and reliability. One of the salient strengths of SDF S.p.A. lies in its commitment to innovation, employing cutting-edge technologies to enhance product efficiency and sustainability, which aligns well with the growing trend towards environmentally friendly farming solutions. The company's market presence in Europe is buoyed by a strategic approach involving collaborations and partnerships to expand its reach.

    Additionally, SDF S.p.A. has been active in pursuing mergers and acquisitions to bolster its market position and diversify its offerings, enabling it to respond effectively to the evolving demands of the agricultural sector in Europe, thus strengthening its foothold in the competitive tractor market.

    Key Companies in the Europe Tractor Market market include

    Industry Developments

    In recent months, the Europe Tractor Market has experienced significant developments. In November 2023, CNH Industrial announced the launch of their new advanced tractor models equipped with precision agriculture technologies, responding to the growing demand for sustainable farming practices. CLAAS KGaA mbH reported a 15% increase in revenue for the second quarter of 2023, attributed to strong sales in Western Europe, particularly in Germany and France. Meanwhile, AGCO Corporation has expanded its manufacturing capacity in Italy, emphasizing its commitment to innovation and meeting market demands.

    In terms of mergers and acquisitions, in September 2023, SDF S.p.A. acquired a minority stake in a startup focused on smart farming solutions, enhancing its technology portfolio in the sector. Also, in April 2022, Massey Ferguson launched a strategic partnership with Yanmar Co. Ltd. to enhance distribution channels across several European countries. The growth trajectory of these companies indicates a robust market recovery post-pandemic, with increasing investments in Research and Development to cater to the evolving needs of farmers across Europe. Overall, these developments reflect a dynamic and competitive European tractor market landscape.

    Market Segmentation

    Outlook

    • Agriculture
    • Construction
    • Mining
    • Logistics

    Tractor Market Drive Type Outlook

    • Agriculture
    • Construction
    • Mining
    • Logistics

    Tractor Market Application Outlook

    • Agriculture
    • Construction
    • Mining
    • Logistics

    Tractor Market Power Output Outlook

    • 2 Wheel Drive
    • 4 Wheel Drive

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 10.96 (USD Billion)
    MARKET SIZE 2024 11.45 (USD Billion)
    MARKET SIZE 2035 18.59 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.5% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED CLAAS KGaA mbH, SDF S.p.A., Massey Ferguson, Yanmar Co. Ltd., AGCO Corporation, CNH Industrial, Lamborghini Trattori S.p.A., Iseki and Co. Ltd., VALTRA, Fendt, JCB Ltd., Deere and Company, New Holland Agriculture, Kubota Corporation, ZETOR TRACTORS a.s.
    SEGMENTS COVERED Power Output, Drive Type, Application
    KEY MARKET OPPORTUNITIES Sustainable farming technologies, Electrification of tractors, Precision agriculture innovations, Autonomous tractor solutions, Growing demand for organic produce
    KEY MARKET DYNAMICS technological advancements, increasing automation, sustainable farming practices, government subsidies, rising demand for food production
    COUNTRIES COVERED Germany, UK, France, Russia, Italy, Spain, Rest of Europe

    Market Highlights

    Author
    Sejal Akre
    Senior Research Analyst

    She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. Hands on expertise in management consulting, and extensive knowledge in domain including ICT, Automotive & Transportation and Aerospace & Defense. She is skilled in Go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.

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    FAQs

    What is the expected market size of the Europe Tractor Market by 2024?

    The Europe Tractor Market is expected to be valued at 11.45 billion USD in 2024.

    What is the projected market size of the Europe Tractor Market by 2035?

    By 2035, the Europe Tractor Market is projected to reach a value of 18.59 billion USD.

    What is the compound annual growth rate (CAGR) for the Europe Tractor Market from 2025 to 2035?

    The Europe Tractor Market is expected to grow at a CAGR of 4.5% from 2025 to 2035.

    Which segment of the Europe Tractor Market is expected to dominate by 2035?

    The segment for 51-100 HP is expected to grow significantly and remain one of the dominant segments by 2035.

    What are the market values for the Europe Tractor Market segments in 2024?

    In 2024, the market values are 2.29 billion USD for Less Than 30 HP, 2.83 billion USD for 30-50 HP, 3.8 billion USD for 51-100 HP, and 2.53 billion USD for More Than 100 HP.

    Who are the key players in the Europe Tractor Market currently?

    Major players in the market include CLAAS KGaA mbH, AGCO Corporation, and CNH Industrial.

    What is the anticipated market growth rate for the Less Than 30 HP segment from 2025 to 2035?

    The Less Than 30 HP segment is projected to grow from 2.29 billion USD in 2024 to 3.67 billion USD by 2035.

    What opportunities are emerging in the Europe Tractor Market?

    Emerging opportunities in the market include advancements in technology and increasing demand for efficient agricultural practices.

    How will current global economic conditions affect the Europe Tractor Market?

    Current global economic conditions may create both challenges and opportunities for the growth of the Europe Tractor Market.

    What are the expected values for the More Than 100 HP segment by 2035?

    The More Than 100 HP segment is anticipated to reach a market value of 4.5 billion USD by 2035.

    1. EXECUTIVE SUMMARY   
      1. Market Overview     
      2. Key Findings     
      3. Market Segmentation     
      4. Competitive Landscape     
      5. Challenges and Opportunities     
      6. Future Outlook        
    2. MARKET INTRODUCTION   
      1. Definition     
      2. Scope of the study   
        1. Research Objective         
        2. Assumption         
        3. Limitations              
    3. RESEARCH METHODOLOGY   
      1. Overview     
      2. Data Mining     
      3. Secondary Research     
      4. Primary Research   
        1. Primary Interviews and Information Gathering Process         
        2. Breakdown of Primary Respondents           
      5. Forecasting Model     
      6. Market Size Estimation   
        1. Bottom-Up Approach         
        2. Top-Down Approach           
      7. Data Triangulation     
      8. Validation        
    4. MARKET DYNAMICS   
      1. Overview     
      2. Drivers     
      3. Restraints     
      4. Opportunities        
    5. MARKET FACTOR ANALYSIS   
      1. Value chain Analysis     
      2. Porter's Five Forces Analysis   
        1. Bargaining Power of Suppliers         
        2. Bargaining Power of Buyers         
        3. Threat of New Entrants         
        4. Threat of Substitutes         
        5. Intensity of Rivalry           
      3. COVID-19 Impact Analysis   
        1. Market Impact Analysis         
        2. Regional Impact         
        3. Opportunity and Threat Analysis              
    6. EUROPE TRACTOR MARKET, BY POWER OUTPUT (USD BILLION)   
      1. Less Than 30 HP     
      2. 30-50 HP     
      3. 51-100 HP     
      4. More Than 100 HP        
    7. EUROPE TRACTOR MARKET, BY DRIVE TYPE (USD BILLION)   
      1. 2 Wheel Drive     
      2. 4 Wheel Drive        
    8. EUROPE TRACTOR MARKET, BY APPLICATION (USD BILLION)   
      1. Agriculture     
      2. Construction     
      3. Mining     
      4. Logistics        
    9. COMPETITIVE LANDSCAPE   
      1. Overview     
      2. Competitive Analysis     
      3. Market share Analysis     
      4. Major Growth Strategy in the Tractor Market     
      5. Competitive Benchmarking     
      6. Leading Players in Terms of Number of Developments in the Tractor Market     
      7. Key developments and growth strategies   
        1. New Product Launch/Service Deployment         
        2. Merger & Acquisitions         
        3. Joint Ventures           
      8. Major Players Financial Matrix    
        1. Sales and Operating Income         
        2. Major Players R&D Expenditure. 2023              
    10. COMPANY PROFILES   
      1. CLAAS KGaA mbH   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      2. SDF S.p.A.   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      3. Massey Ferguson   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      4. Yanmar Co. Ltd.   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      5. AGCO Corporation   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      6. CNH Industrial   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      7. Lamborghini Trattori S.p.A.   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      8. Iseki  and  Co. Ltd.   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      9. VALTRA   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      10. Fendt   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      11. JCB Ltd.   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      12. Deere  and  Company   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      13. New Holland Agriculture   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      14. Kubota Corporation   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies           
      15. ZETOR TRACTORS a.s.   
        1. Financial Overview         
        2. Products Offered         
        3. Key Developments         
        4. SWOT Analysis         
        5. Key Strategies              
    11. APPENDIX   
      1. References     
      2. Related Reports        

    Europe Tractor Market Segmentation

     

     

     

    • Tractor Market By Power Output (USD Billion, 2019-2035)

      • Less Than 30 HP
      • 30-50 HP
      • 51-100 HP
      • More Than 100 HP

     

    • Tractor Market By Drive Type (USD Billion, 2019-2035)

      • 2 Wheel Drive
      • 4 Wheel Drive

     

    • Tractor Market By Application (USD Billion, 2019-2035)

      • Agriculture
      • Construction
      • Mining
      • Logistics

     

    Tractor Market Regional Outlook (USD Billion, 2019-2035)

     

     

    • Europe Outlook (USD Billion, 2019-2035)

      • Europe Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • Europe Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • Europe Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • GERMANY Outlook (USD Billion, 2019-2035)
      • GERMANY Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • GERMANY Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • GERMANY Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • UK Outlook (USD Billion, 2019-2035)
      • UK Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • UK Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • UK Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • FRANCE Outlook (USD Billion, 2019-2035)
      • FRANCE Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • FRANCE Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • FRANCE Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • RUSSIA Outlook (USD Billion, 2019-2035)
      • RUSSIA Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • RUSSIA Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • RUSSIA Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • ITALY Outlook (USD Billion, 2019-2035)
      • ITALY Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • ITALY Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • ITALY Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • SPAIN Outlook (USD Billion, 2019-2035)
      • SPAIN Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • SPAIN Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • SPAIN Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics
      • REST OF EUROPE Outlook (USD Billion, 2019-2035)
      • REST OF EUROPE Tractor Market by Power Output Type

        • Less Than 30 HP
        • 30-50 HP
        • 51-100 HP
        • More Than 100 HP
      • REST OF EUROPE Tractor Market by Drive Type

        • 2 Wheel Drive
        • 4 Wheel Drive
      • REST OF EUROPE Tractor Market by Application Type

        • Agriculture
        • Construction
        • Mining
        • Logistics

     

     

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