Philippines Tractor Market Overview: 2025-2030

Base Year: 2024

Historical Years:  2020-23

Forecast Years: 2025-2030

The Philippines Tractor Market size was valued at around USD 248.11 million in 2024 and is projected to reach USD 319.209 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.49% during the forecast period, i.e., 2025-30

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Philippines Tractor Market Dynamics: 2025-2030

Philippines Tractor Market Driver:

Agriculture Sector Driving Market Demand – Agriculture plays a vital role in the Philippine economy. The sector has employed around 25% of the total workforce available in the country. The adoption of tractors in agriculture is a crucial step in modernizing the Philippines market. The systematic training education of this workforce regarding the use of new farm machinery including tractors, by the government, further enhances productivity. The use of tractors has been intensively increased in the sector due to labor shortages, modernization of farm machinery, and other economic benefits. For better crop yield the tractors are highly being used in plowing, planting, and harvesting. Their use case is also found in precession farming ensuring optimal use of resources like seeds, fertilizers, and water, thereby maximizing productivity. With government support to strengthen the agricultural sector in the country, the tractor market will grow simultaneously.

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Philippines Tractor Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Type

-Light Duty Carriers- Market Size Forecast 2020-2030, Thousand Units

-Medium Duty Carriers- Market Size Forecast 2020-2030, Thousand Units

-Heavy Duty Carriers- Market Size Forecast 2020-2030, Thousand Units

By Drive Type

-2-Wheel Drive- Market Size Forecast 2020-2030, Thousand Units

-4-Wheel Drive- Market Size Forecast 2020-2030, Thousand Units

By Power Output

-Below 40 HP- Market Size Forecast 2020-2030, Thousand Units

-40 HP- 100 HP- Market Size Forecast 2020-2030, Thousand Units

-Above 100 HP- Market Size Forecast 2020-2030, Thousand Units

Based on power output, below 40 HP leads the Philippian Tractor Market and holds approximately 60% market share. 

By End User

-Construction- Market Size Forecast 2020-2030, Thousand Units

-Mining Excavation- Market Size Forecast 2020-2030, Thousand Units

-Logistics- Market Size Forecast 2020-2030, Thousand Units

-Agriculture- Market Size Forecast 2020-2030, Thousand Units

-Others

By Region

-Luzon

-Visayas

-Mindanao.

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Top Companies Operating in the Philippines Tractor Market:

Ford Tractor Philippines, Kubota Philippines, Inc., Yanmar, Massey Ferguson, CNH (Case IH New Holland), John Deere, McCormick, Landini, YTO International, Ltd., PREET Group, and others

Industry Recent Development:

• November 2024: Kubota Philippines, Inc. introduced the newest members of its legendary L Series family -the L3228 and L4028 which are designed with rugged durability next-level innovation.
• August 2024: Ford Tractor Philippines displayed its new YTO NLX954 and YTO NLX1404 Tractors, which are both suited for sugarcane farming due to their high horsepower and low fuel consumption. This display was at the 70th PHILSUTECH National Convention.

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