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Report Overview
The Vietnam agricultural tractors market reached approximately USD 666.72 Million in 2025. The market is projected to grow at a CAGR of 4.90% between 2026 and 2035, reaching a value of around USD 1075.72 Million by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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In 2022, the agricultural sector of Vietnam witnessed an increase of 3.36 per cent, which created a lucrative demand for farm tractors.
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As per the industry reports of mid-May 2024, the total crop plantation in the country reached 2,953.6 thousand hectares in 2024, maintaining a steady demand for tractors to aid with crop cultivation and harvesting.
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The Accelerating Private Sector Engagement in Climate-Resilient and Low-Emission Investment Opportunities in Viet Nam's NDC 2019-2023 project aims to showcase how agriculture can contribute to emission reduction, which can boost the demand for electric and green fuel tractors.
Leading Companies in the Vietnam Agricultural Tractors Market
The market participants are increasing partnerships with local distributors to expand their reach in the market.
- Kubota Corp.
- CLAAS KGaA GmbH
- Vietnam Engine and Agricultural Machinery Corporation
- Yanmar Holdings Co., Ltd.
- CNH Industrial N.V.
- ISEKI & Co., Ltd.
- Truong Hai Group Corporation
- Minsk Tractor Works
- Others
Vietnam Agricultural Tractors Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the market reached an approximate value of USD 666.72 Million.
The Vietnam agricultural tractors market is estimated to grow at a CAGR of 4.90% between 2026 and 2035.
The market is estimated to witness a healthy growth during 2026-2035 to reach around USD 1075.72 Million by 2035.
The market is being driven due to innovations in tractor technology such as automated steering and precise farming abilities, the growth of agribusinesses in Vietnam, and the rising demand for food.
The key trends aiding the market include the growing trend towards sustainable farming methods such as tractors and tractor manufacturers customising their products to suit the specific needs of Vietnamese farmers.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on type, market segmentations include orchard tractors and row-crop tractors.
Various propulsions are electric and ICE.
The major players in the market are Kubota Corp., CLAAS KGaA GmbH, Vietnam Engine and Agricultural Machinery Corporation, Yanmar Holdings Co., Ltd., CNH Industrial N.V., ISEKI & Co., Ltd., Truong Hai Group Corporation, and Minsk Tractor Works, among others.
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