Description

The global agriculture equipment market size is expected to grow from USD 109.12 billion in 2025 and reach USD 166.4 billion in 2033, at a CAGR of 6.2% from 2025 to 2033. The global agricultural equipment market is experiencing steady growth driven by technological advancements, increasing demand for food, and the need for efficient farming practices. As the world’s population continues to rise, agricultural machinery plays a crucial role in improving crop yield, reducing labor costs, and optimizing resource use. Tractors, harvesters, plows, and irrigation equipment are essential in large-scale farming and precision agriculture, where data analytics, GPS, and automation are increasingly integrated into machinery. The shift toward sustainable farming practices, coupled with a growing focus on reducing carbon footprints, has led to the development of eco-friendly and energy-efficient equipment. Moreover, the rise of smart farming technologies, such as autonomous vehicles and drones, is further revolutionizing the sector. The market is also benefiting from the increasing mechanization of agriculture in emerging economies, where labor shortages and the need for higher productivity are pushing the adoption of advanced farming tools.

Agricultural Equipment Market Dynamics:

The agricultural equipment market is driven by several key dynamics, including technological innovations, the need for enhanced productivity, and evolving agricultural practices. Automation and precision farming are at the forefront of this evolution, as farmers increasingly adopt GPS-enabled machinery and autonomous vehicles to optimize their operations. Furthermore, growing consumer demand for sustainably produced food is pushing manufacturers to develop energy-efficient, eco-friendly equipment that minimizes soil disturbance and reduces emissions. The consolidation of farms and the shift toward larger, industrial-scale operations also drive demand for more advanced machinery. Additionally, the rising adoption of artificial intelligence (AI) and Internet of Things (IoT) technologies in equipment allows for real-time data monitoring, improving decision-making and crop management. However, high capital investment requirements and the need for skilled operators pose challenges to broader adoption, especially in emerging markets. Despite these barriers, demand continues to grow, particularly in regions where mechanization is still in its early stages.

Scope of the Report

The report outlines the study of the agricultural equipment market based on equipment type, application.

Based on the equipment type, the agricultural equipment market is segmented into –

• Trailers and Trucks
• Tillage Equipment
• Seeding and Planting Equipment
• Tractors
• Fertilizing
• Plant Protection Equipment
• Irrigation Equipment
• Harvesting Equipment
• Hay And Forage Equipment
• Crop Processing Equipment
• Grain Handling Equipment
• Cutters, Shredders, Threshers, Sprayers

Based on the application, the agricultural equipment market is segmented into-

• Land Development
• Sowing
• Planting
• Cultivation
• Harvesting
• Threshing

Agricultural Equipment Market: Regional Outlook

North America holds a significant share of the agricultural equipment market, driven by the presence of industry giants such as Deere & Company, CNH Industrial, and AGCO. The region benefits from well-established agricultural practices, large-scale farming, and high levels of mechanization. The U.S. and Canada’s adoption of precision agriculture is pushing demand for advanced machinery, including autonomous tractors and drones. Europe follows closely, with countries like Germany, France, and the UK leading the way in the adoption of sustainable and high-tech farming solutions. European farmers are focusing on improving efficiency and reducing environmental impact, which drives the demand for energy-efficient equipment. In the Asia-Pacific region, particularly in countries like China and India, mechanization is rapidly increasing due to rising labor costs and the need for higher productivity. The Middle East and Latin America are also emerging markets for agricultural equipment as local governments encourage modernization in the agriculture sector. Africa remains a growing market, though adoption is slower due to economic challenges and lack of infrastructure.

Agricultural Equipment: Competitive Landscape –

These are some of the leading Agricultural Equipment companies in the market: AGCO Corporation, APV – Technische Produkte GmbH, Bellota Agrisolutions, CLAAS KGaA mbH, CNH Industrial N.V.

The Agricultural Equipment manufacturers are Escorts Limited, ISEKI & Co., Ltd., J C Bamford Excavators Ltd. (JCB) (UK), Deere & Company (US), KUBOTA Corporation (Japan), Mahindra & Mahindra Limited (India), Alamo Group Incorporated, Bucher Industries AG, Valmont industries Incorporations.

• The Open-Source Agriculture movement involves numerous programs and organizations that cooperate and teach farmers how to build, develop, repair, and restore their equipment and tools and manage agricultural operations.
• AGCO Corporation’s Fendt brand launched the Momentum planter in the North American row crop production market in February 2020. It is designed to help tackle difficult planting conditions.

The agricultural equipment market report provides a thorough analysis of macro-economic factors and the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players in the respective segment and region/country. The information concluded in the report includes the inputs.

Agricultural Equipment Market Report Covers Comprehensive Analysis On:

• Market Segmentation & Regional Analysis
• Market Size of 10 years
• Pricing Analysis
• Supply & Demand Analysis
• Product Life Cycle Analysis
• Porter's Five Forces & Value Chain Analysis
• Developed & Emerging Economies Analysis
• PEST Analysis
• Market and Forecast Factor Analysis
• Market Opportunities, Risks, & Trends
• Conclusion & Recommendation
• Regulatory Landscape
• Patent Analysis
• Competition Landscape
• 15+ Company Profiles

Agricultural Equipment Market Regional Analysis Includes:

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA

Agricultural Equipment Market: Target Audience

• Agricultural equipment manufacturers
• Agricultural equipment distributors and suppliers
• Trade publications and magazines
• Government authorities, associations, and organizations

Key Issues Addressed

• What is the market size by various segmentation of the agricultural equipment by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the agricultural equipment market?
• What are the key opportunities and trends for manufacturers involved in the agricultural equipment supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• What will be the impact of cutting-edge technology on the agricultural equipment market?
• How has COVID-19 impacted the demand and sales of agricultural equipment in the global market? Also, the expected BPS drop or rise count of the market and market expected recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.