Italy Tractor Market Hits 15,448 Units in 2024, Projected to Reach 16,589 Units by 2030
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Source: Globenewswire
- Market Size and Growth: The Italy tractor market was sized at 15,448 units in 2024 and is projected to reach 16,589 units by 2030, reflecting a stable CAGR of 1.19%, indicating potential for steady market growth.
- Key Players: CNH Industrial, SDF Group, and AGCO Corporation captured significant market share in 2024, leveraging their deep understanding of local agricultural needs to enhance their competitive edge.
- Policy Support: The Italian government allocated approximately $3.37 billion under the CAP Plan to assist 800,000 farmers in addressing climate challenges, alongside a $2.24 billion investment in organic farming announced in 2023 to promote sustainability.
- Technological Innovation: AGCO signed a supply agreement with SDF to launch low to mid-horsepower Massey Ferguson tractors by mid-2025, aiming to meet global demand for efficient agricultural machinery.
Analyst Views on AGCO
Wall Street analysts forecast AGCO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AGCO is 112.70 USD with a low forecast of 93.00 USD and a high forecast of 125.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
6 Hold
2 Sell
Hold
Current: 114.600
Low
93.00
Averages
112.70
High
125.00
Current: 114.600
Low
93.00
Averages
112.70
High
125.00
About AGCO
AGCO Corporation designs, manufactures and distributes agricultural machinery and precision agriculture technology. The Company’s brands include Fendt, Massey Ferguson, PTx and Valtra. Its segments include North America, South America, Europe/Middle East and Asia/Pacific/Africa regions. Its solutions include tractors, compact/utility tractors, harvesting, hay & forage, crop care & nutrient management, planting & soil preparation, material handling, power generation, water management, and engines. Its tractors include high horsepower tractors, utility or mid-range tractors, and compact tractors. Its hay and forage solutions range from mowers and balers to forage blowers. It offers seeding and tillage equipment for a variety of crops and conditions - from minimum tillage to primary tillage. Its AGCO Power division produces diesel engines, gears and generating sets. It also provides retail and wholesale financing through its finance joint ventures with Cooperatieve Rabobank U.A.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
