Turkey Agricultural Tractor Market Size (2024 - 2029)

The Turkish agricultural tractor market is experiencing steady growth, driven by the increasing value generated within the country's agricultural sector. Despite challenges such as reduced agricultural land and fragmented plots, the market size continues to expand, with a significant portion of tractors in use being older models. The demand for tractors, particularly those with higher horsepower, remains strong due to their versatility in agricultural operations. Additionally, the export market for Turkish tractors is robust, benefiting from competitive pricing compared to European counterparts, which has contributed to the market's growth trajectory.

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Market Size of Turkey Agricultural Tractor Industry

Turkey Agricultural Tractor Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.10 %
Market Concentration High

Major Players

Turkey Agricultural Tractor Market Major Players

*Disclaimer: Major Players sorted in no particular order

Turkey Agricultural Tractor Market Analysis

The Turkish agricultural tractor market is projected to register a CAGR of 6.1% over the forecast period.

  • Turkey's tractor market has been continuously growing. The decrease in the total agricultural area and the expansion of fragmented land prevented agricultural production from achieving expected levels. While the organic growth of sales of tractors is delivering a year-on-year increase, more than 45% of the tractors currently operating on farms across the country can be placed under the age range above 25 years. Among all, 60+ HP range tractors are most popular among farmers owing to the convenience of carrying out multiple operations.
  • TurkTraktor, the major player in the Turkish tractor market with the highest tractor volume of 28,000-33,000 units and occupying 15,500 units with local tractor sales, worked to prevent the disruption of agricultural operations amid coronavirus outbreaks with 147 R&D centers employees, of which 123 are research. TurkTraktor launched its Online Training Program in April 2020 to share the technical knowledge that will enable farmers to get higher efficiency from their greatest companions, their tractors, and related agricultural equipment in the pandemic days when agricultural productivity is even more critical than before.
  • The domestic market for tractors has been steadily increasing on account of the increased value generated by the country's agricultural businesses. There has also been a robust demand for the export market of Turkish tractors since they are observed to be highly price-competitive compared to those from Europe. The tractor export has increased from 20,309 units to 23,135 units from 2020-2021. The major export markets for Turkish tractors included Ukraine, Australia, and Algeria, which together accounted for exports worth USD 22 billion in 2020.

Turkey Agricultural Tractor Industry Segmentation

The agriculture tractor is a self-propelling vehicle used principally for agricultural purposes. For this report, the tractor used in agricultural operations has been considered. The report does not cover other agricultural machinery and attachments to the tractor. The tractor used for industrial and construction purposes is also excluded from the study. 

The Turkey Agricultural Tractor Market is segmented by Horse Power (Less Than 50 HP, 51 to 75 HP, 76 to 100 HP, and More Than 100 HP). 

The report offers the market size and forecasts in terms of value in USD million for all the above segments.

Horse Power
Less Than 50 HP
51 HP to 75 HP
76 HP to 100 HP
151 HP to 200 HP
More Than 100 HP
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Turkey Agricultural Tractor Market Size Summary

The Turkish agricultural tractor market is experiencing steady growth, driven by the increasing value generated by the country's agricultural sector. Despite challenges such as a decrease in total agricultural area and fragmented land, the demand for tractors remains robust, with a significant portion of the existing fleet being over 25 years old. The market is characterized by a strong preference for tractors in the 60+ HP range, which are favored for their versatility in performing multiple agricultural operations. Major players like TurkTraktor are pivotal in this market, not only by maintaining high sales volumes but also by investing in research and development to enhance agricultural productivity. The domestic production base is substantial, with eight manufacturing plants catering to both local and export markets, supported by favorable economic conditions such as a skilled labor force and competitive energy prices.

The Turkish government plays a crucial role in promoting agricultural mechanization, which has historically been dominated by foreign companies. This support has bolstered the domestic economy and encouraged local manufacturers to focus on both domestic and international markets. Companies are actively engaging in expansions and product developments, particularly in the popular 50-75 HP power segment. The market is consolidated, with key players like Erkunt Traktör Sanayii AS, Hattat Holding AS, AGCO Corporation, CNH Industrial NV, and Tumosan Tractors leading the way. Strategic initiatives such as new product launches, partnerships, and acquisitions are common, with recent collaborations like the joint venture between Deere & Co. and the Hattat Group highlighting the market's dynamic nature. These efforts, along with government incentives like VAT exemptions, are expected to sustain the growth trajectory of the Turkish agricultural tractor market.

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Turkey Agricultural Tractor Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitutes

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Horse Power

      1. 2.1.1 Less Than 50 HP

      2. 2.1.2 51 HP to 75 HP

      3. 2.1.3 76 HP to 100 HP

      4. 2.1.4 151 HP to 200 HP

      5. 2.1.5 More Than 100 HP

Turkey Agricultural Tractor Market Size FAQs

The Turkey Agricultural Tractor Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Erkunt Traktör Sanayii AS, Hattat Holding AS, AGCO Corporation, CNH Industrial NV and Tumosan Tractors are the major companies operating in the Turkey Agricultural Tractor Market.

Turkey Agricultural Tractor Report Snapshots

Turkey Agricultural Tractor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)