Global Electric Farm Tractor Market 2026-2035

Description

List of Tables

Electric Farm Tractor Market Size, Share & Trends Analysis Report by Type (Light-Duty Tractor, Medium-Duty Tractor, and Heavy-Duty Tractor) and by Vertical (Hybrid, Plug-in Hybrid, and Battery) Forecast Period (2026-2035)

Industry Overview

Electric farm tractor market was valued at $725 million in 2025 and is projected to reach $1,926 million by 2035, growing at a CAGR of 10.3% during the forecast period (2026-2035). The electric farm tractor industry specializes in battery-powered or hybrid tractors applied to agricultural activities, which lower carbon emissions, fuel consumption, and operational expenses. The tractors are employed for tillage, planting, irrigation, harvesting, livestock management, and material handling. It is applied to controlled-environment agriculture, small-scale precision farming, and in controlled-environment agriculture for small-scale farming. In addition, the use of environmentally friendly farming methods like electric tractors is receiving international recognition for their low emissions and green impacts. For instance, in January 2024, Doosan Bobcat launched the globe's first autonomous and electric articulating tractor, the Bobcat AT450X, based on Agtonomy. The collaboration brings together Bobcat's articulating tractor and Agtonomy's software and embedded computing capability to enable emissions-free operation. The battery-powered tractor can mechanize time- and labor-consuming operations, including mowing, spraying, precision weeding, and material and product transport. The AT450X is suited for small-scale applications like orchards and vineyards, and farmers are able to control the tractor remotely to conduct different operations.

Market Dynamics

Advancements in Battery Technology

Technological progress in batteries such as lithium-ion and solid-state has ensured electric tractors are now commercially attractive, with greater operating ranges, quicker charging, and higher energy density. For instance, in January 2025, AutoNxt introduced India's first electric tractor, the T4 Electric Power, which is the first completely electric utility tractor with autonomous capabilities. This new tractor is appropriate for low-horsepower farm work and is perfect for such applications as mixed farm, hay and forage, dairy, livestock, municipality, greenhouse, and specialty crops. It comes with a lithium-ion battery pack and provides gradual power and persistent torque at low speeds. The tractor travels 50 km on a single charge, with 60 to 70% fuel savings.

Operational Cost Efficiency

Electric tractors are increasing in popularity as they are cost-effective, have lower fuel and maintenance costs, which appeal to commercial as well as subsistence farmers, and hence are boosting the market. Bobcat Company introduced three utility tractors such as the Bobcat UT6066, UT6566, and UT6573. These tractors have heavy-duty capabilities and operate on turbocharged Tier 4 diesel engines. They provide consistent starts, quick travel speeds, extended component life, convenient service access, uncomplicated maintenance, and less noise and vibration. The UT6566 and UT6573 feature a climate-controlled cab as standard equipment with large glass panels, power and tilt steering, and ergonomic control. Other features include PTO Cruise, Draft Control, Four-Wheel Drive, Rear-Remote Hydraulics, Power and Tilt Steering, Mechanical Self-leveling, Loader Floatation, and Bobcat Bob-Tach.

Market Segmentation

Based on the type, the market is segmented into light-duty tractor, medium-duty tractor, and heavy-duty tractor.
Based on the drivetrain technology, the market is segmented into hybrid, plug-in hybrid, and battery.

Light-Duty Tractor: A Key Segment in Market Growth

Rising fuel prices and concerns over fossil fuel dependency have accelerated the adoption of electric farm machinery due to its low maintenance, reduced operational costs, and noise-free operation. For instance, in August 2023, Mahindra unveiled four groundbreaking OJA tractor platforms during Futurescape in Cape Town, South Africa. The series of models consisting of sub-compact, compact, small utility, and large utility is anticipated to revolutionize agriculture all over the world. The OJA range of 4 engines and 4 transmission technologies is engineered to tackle a broad variety of applications, from 20HP to 70HP. Mahindra also introduced 7 new tractors models for the Indian market.

Regional Outlook

The global electric farm tractor market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Government Subsidies and Incentives In North America

Governments in North America are providing funding to purchase electric farming machinery to enhance market expansion. For example, John Deere unveiled new autonomous machines to assist customers in agriculture, construction, and commercial landscaping. The second-generation autonomy kit by the company leverages advanced computer vision, artificial intelligence, and cameras to assist the machines in navigating their surroundings. The products are the Autonomous 9RX Tractor for mass farming, the Autonomous 5ML Orchard Tractor for air blast spraying, the 460 P-Tier Autonomous Articulated Dump Truck (ADT) for mines, and the Autonomous Battery Electric Mower for landscaping businesses. The products are designed to solve the problems of the industries, including the availability of skilled labor. The new products intend to assist companies in navigating around their environments more effectively and efficiently.

Asia-Pacific Maintains Strong Market Position

Asia-Pacific holds a significant share, owing to the market growth is primarily driven by the market growth being fueled by the growing adoption of precision agriculture and the integration of autonomous technology. For instance, in April 2025, CSIR-CMERI unveiled its E-Tractor and E-Tiller technology, designed for small and marginal farmers. These eco-friendly, cost-effective, and high-performance electric vehicle (EV) solutions offer low vibration, easy maintenance, women-friendly ergonomics, and zero emissions. The technologies align with India's vision of achieving self-reliance in green technologies and advancing renewable energy goals. The event included interactive sessions, live demonstrations, field trials, and stakeholder engagement to promote technology transfer and commercialisation.

Market Players Outlook

The major companies operating in the global electric farm tractor market include Agco Corp., CNH Industrial N.V., Kubota Corp., Mahindra & Mahindra Ltd., Yanma, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In February 2025, AGCO and SDF partnered to strengthen their global position in the low-mid horsepower tractor segment. SDF offered farmers a streamlined portfolio with various powertrain options, aiming to boost market share in the 85-horsepower segment. The partnership aims to increase customer satisfaction and drive profitable growth through cost-effective manufacturing and economies of scale.
In August 2023, New Holland Agriculture launched the Revolutionary T4 Electric Power Tractor, the industry's first all-electric utility tractor with autonomous features. This cutting-edge tractor addresses farming challenges such as, increased total cost ownership and labor shortage, aiming to help customers build more sustainable agriculture. The T4 Electric Power is suitable for lower horsepower field operations and is part of New Holland's strategic plan for electrification. Equipped with a state-of-the-art lithium-ion battery pack, it delivers gradual power and continuous torque at the lowest speeds, ensuring seamless operation during loader work cycles and daily farm routines.
In October 2023, International Tractors Limited (ITL) introduced five new tractors, including the all-electric SV Series, under its Solis brand, designed for international markets such as Europe, USA, Africa, and South America.
In November 2023, German start-up Tadus developed an electric tractor with a 130-kWh lithium-ion battery, achieving a maximum power output of 160 hp. The tractor weighs 5 tons and has two electric motors for maximum speed. It can reach 40 km/h and can be charged through a 400 Volt three-phase connection or a fast-charging station. The battery can also function as a buffer storage, enabling activities like milking with solar-generated power.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global electric farm tractor market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2028355

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Electric Farm Tractor Market Sales Analysis - Type| Drivetrain Technology ($ Million)
Electric Farm Tractor Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Electric Farm Tractor Market Trends
- 2.2.2. Market Recommendations

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Electric Farm Tractor Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Electric Farm Tractor Market: Impact Analysis
3.3. Market Opportunities
- 3.3.1. Opportunities For Global Electric Farm Tractor Market: Impact Analysis

4. Competitive Landscape

4.1. Competitive Dashboard - Electric Farm Tractor Market Revenue and Share by Manufacturers
Electric Farm Tractor Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Agco Corp.
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. CNH Industrial N.V.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Kubota Corp.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Mahindra & Mahindra Ltd.
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Yanmar Holdings Co., Ltd.
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Electric Farm Tractor Market Sales Analysis By Type ($ Million)

5.1. Light-Duty Tractor
5.2. Medium-Duty Tractor
5.3. Heavy-Duty Tractor

6. Global Electric Farm Tractor Market Sales Analysis By Drivetrain Technology ($ Million)

6.1. Hybrid
6.2. Plug-in Hybrid
6.3. Battery

7. Regional Analysis

7.1. North American Electric Farm Tractor Market Sales Analysis - Type| Drivetrain Technology ($ Million)
Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
7.2. European Electric Farm Tractor Market Sales Analysis - Type| Drivetrain Technology ($ Million)
Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
7.3. Asia-Pacific Electric Farm Tractor Market Sales Analysis - Type| Drivetrain Technology ($ Million)
Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
7.4. Rest of the World Electric Farm Tractor Market Sales Analysis - Type| Drivetrain Technology ($ Million)
Macroeconomic Factors for the Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa

8. Company Profiles

8.1. Agco Corp.
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Alke s.r.l.
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. Autonxt Automation
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Caterpillar
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. CNH Industrial N.V.
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. CLAAS KGaA mbH
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. Cummins Inc.
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. Daedong Corp.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Deere & Co.
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. Dongfeng Motor Co.
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. EOX Tractors B.V
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Escorts Ltd.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Kubota Corp.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. Mahindra & Mahindra Ltd.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. Misset Uitgeverij B.V.
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies
8.16. Monarch Tractor
- 8.16.1. Quick Facts
- 8.16.2. Company Overview
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategies
8.17. SABI AGRI
- 8.17.1. Quick Facts
- 8.17.2. Company Overview
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategies
8.18. SDF S.p.A
- 8.18.1. Quick Facts
- 8.18.2. Company Overview
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategies
8.19. Solectrac
- 8.19.1. Quick Facts
- 8.19.2. Company Overview
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategies
8.20. Yanmar Holdings Co., Ltd.
- 8.20.1. Quick Facts
- 8.20.2. Company Overview
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategies