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Agricultural Tractors in the US Procurement Price, Data and Insights
Agricultural tractors are high-torque, heavy-duty vehicles commonly used on farms. Agricultural tractors are used in various activities, including plowing, tilling, planting, disking, and harrowing. Tractors are also used to pull different types of equipment, such as forage equipment and hay tools. Agricultural tractors are typically used within the confines of a farm or other agricultural establishment but can also be driven on public roads. Agricultural tractors are produced by industrial equipment manufacturers of various sizes and sold to buyers through a network of authorized dealers. Common buyers include individuals and businesses operating in the agricultural sector. Key buyers include farmers, agricultural businesses, large agribusiness corporations, and agricultural machinery rental companies
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What’s included in this market coverage
IBISWorld's research coverage on the Agricultural Tractors procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Agricultural Tractors market in the United States includes Subcompact Tractors, Compact Tractors, Utility Tractors, High-Horsepower Tractors, New Tractors and Used Tractors. Standard coding in this coverage includes HS-8701-Tractors; (Other Than Tractors Of Heading No 8709), ISIC-2821-Manufacture of agricultural and forestry machinery, NACE-28.30-Manufacture Of Agricultural And Forestry Machinery, NAICS-333110-Agricultural implement manufacturing and UNSPSC-25101901-Agricultural tractors.
What common market terminology is included?
Common market terminology included in the Agricultural Tractors procurement coverage includes Power Take-Off (PTO) (An attachment point that provides power to an outside attachment. Tractors are available with different numbers and types of power take-off points.), Combine (An agricultural vehicle specifically designed to harvest large areas of crops.), Disking (Cultivating soil with a disk harrow, a narrow metal disk that is usually attached to a tractor and dragged along the ground.), Harrowing (Dragging a series of metal tines over the ground to remove weeds, break up dirt clumps and cover seeds.) and Wheelbase (Often used to measure the length of a tractor, the wheelbase is the distance from the center of the front wheel to the center of the rear wheel.).
What companies are included as top suppliers?
The top companies covered in the Agricultural Tractors procurement report as suppliers are SDF SpA, Tong Yang Moolsan Co. Ltd., Caterpillar Inc., Argo Tractors SpA and Daedong Industrial Co. Ltd..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Agricultural Tractors market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per tractor, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Agricultural Tractors market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Agricultural Tractors procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Agricultural Tractors market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Agricultural Tractors market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Agricultural Tractors?
The 2026 benchmark market price for Agricultural Tractors is $239000 per tractor. Prices have declined at a CAGR of -2.33 from 2023-26.
Who are the top vendors in the Agricultural Tractors market?
The top vendors in the Agricultural Tractors market include SDF SpA, Tong Yang Moolsan Co. Ltd., Caterpillar Inc., Argo Tractors SpA and Daedong Industrial Co. Ltd..
What industries supply the Agricultural Tractors market?
The top industries supplying the Agricultural Tractors market are Circuit Board & Electronic Component Manufacturing in the US, Semiconductor & Circuit Manufacturing in the US, Engine & Turbine Manufacturing in the US, Metalworking Machinery Manufacturing in the US, Ferrous Metal Foundry Products in the US, Iron & Steel Manufacturing in the US, Tire Wholesaling in the US and Tire Manufacturing in the US.
What is the supply chain risk for Agricultural Tractors?
High concentration gives major manufacturers significant pricing influence. The agricultural tractor market is dominated by a few global firms—Deere & Company, CNH Industrial, AGCO, and Mahindra—collectively accounting for nearly three-quarters of total sales. This high market share concentration restricts buyer leverage and enables top manufacturers to maintain strong control over pricing. While buyers may find some flexibility at the dealer level, negotiating large-scale price concessions from OEMs remains challenging in this concentrated landscape.
What factors affect the price of Agricultural Tractors?
Age significantly affects the pricing of agricultural tractors, as newer models typically feature advanced technology, better fuel efficiency, and enhanced performance, leading to higher prices. Additionally, new tractors are priced at a premium compared to used tractors because the buyer faces a greater level of uncertainty over the condition of the tractor when purchasing a used tractor.
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