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Here is how Fastenal (FAST) and Kubota Corp. (KUBTY) have performed compared to their sector so far this year.
The global agriculture tractor market is projected to grow from 2,097,363 units in 2025 to 2,614,170 units by 2031, at a CAGR of 3.74%. Growth is driven by farm mechanization, precision agriculture, autonomous tractors, IoT and telematics. Tractors below 50 HP hold around 59% of the market, while 2-wheel-drive models lead by drive type. Asia-Pacific remains the largest regional market, led by India and China. Key agriculture tractor companies include John Deere, CNH Industrial, AGCO, Mahindra Tr
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