Global Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Th
Published Date: February - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Agriculture | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Th
The global agriculture equipment market size was valued at USD 163.97 billion in 2023 and is expected to grow at a CAGR of 5.3% from 2023 to 2030.
Global agricultural equipment market is expected to grow at a steady rate during the forecast period. The global agricultural equipment market is driven by the growing global demand for food.
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This has led to an increase in adoption of modern farming techniques and equipment that can help increase the overall yield. This in turn is expected to fuel the market growth through 2025. Furthermore, technological advancements such as use of drones, autonomous tractors, among others coupled with new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth over the next few years. Additionally, associated benefits such as improved crop quality, ease in farming, profitability, reduced labor costs and time, among others is further expected to propel the market growth during the forecast period.
The global agricultural equipment market is segmented based on type, automation, sales channel, application, company and region. Based on type, the market can be categorized into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment and others. Here, the tractors segment is expected to dominate the market during the forecast period on account of the growing automation activities. Additionally, tractors can be used in an agricultural field in a standalone manner and also in combination with other agricultural equipment. Based on application, the market can be fragmented into land development & seed bed preparation, sowing & planting, weed cultivation, plant protection, harvesting & threshing, post-harvest & agro processing and others. Among these, the harvesting and threshing segment is expected to hold a significant market share since it helps in easing the crop harvesting procedures and saves time and costs.
Regionally, the global agricultural equipment market
Major players operating in the global agricultural equipment market include John Deere (Deere & Company), AGCO Corporation, CNH Industrial N.V., CLAAS KGaA mbH, Kubota Corporation, Mahindra & Mahindra Limited, SDF Group, J C Bamford Excavators, Iseki & Co. Ltd., Agrocenter Ltd., AMAZONE Ltd., Agromaster, APV – Technische Produkte GmbH, Bellota, Escorts Group and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions. For instance, in January 2020, AGCO Corporation launched a new product Fendt Momentum planter for row crop producers in North America.
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and estimate the market size of global agricultural equipment market from 2015 to 2018.
- To estimate and forecast the market size of global agricultural equipment market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast global agricultural equipment market based on type, automation, sales channel, application, company and regional distribution.
- To identify dominant region or segment in the global agricultural equipment market.
- To identify drivers and challenges for global agricultural equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global agricultural equipment market.
- To identify and analyze the profile of leading players operating in global agricultural equipment market.
- To identify key sustainable strategies adopted by market players in global agricultural equipment market.
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performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of agricultural equipment manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, could include the agricultural equipment manufacturers which could not be identified due to the limitations of secondary research. analyzed the agricultural equipment manufacturers, distribution channels and presence of all major players across the globe.
calculated the market size of
Key Target Audience
- Agricultural equipment manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to agricultural equipment
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as agricultural equipment
The global agricultural equipment market is highly competitive and includes several key players that dominate the industry. These companies are involved in the manufacturing and distribution of a wide range of agricultural machinery, including tractors, harvesters, planting equipment, and irrigation systems.
Here are some of the major players in the global agricultural equipment market
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John DeereOne of the most well-known names in the agricultural machinery industry, John Deere offers a comprehensive range of equipment, including tractors, combines, planters, and sprayers.
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CNH IndustrialThis company owns several well-known brands, including Case IH and New Holland, which produce a variety of agricultural equipment such as tractors, harvesters, and balers.
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AGCO CorporationAGCO owns several brands, including Massey Ferguson, Fendt, and Valtra. The company produces a wide range of agricultural machinery, including tractors, combines, and hay tools.
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CLAASA German company known for its high-quality combine harvesters, forage harvesters, and tractors. CLAAS is a major player in the European market and has a growing presence globally.
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Kubota CorporationA Japanese company that manufactures a wide range of agricultural equipment, including tractors, rice planters, and harvesters. Kubota is particularly strong in the Asian market.
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Mahindra & MahindraAn Indian multinational that is one of the largest tractor manufacturers in the world. Mahindra also produces other agricultural equipment and has a significant presence in emerging markets.
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SDF GroupAn Italian company that owns the SAME, Deutz-Fahr, and Lamborghini Trattori brands. SDF produces a variety of agricultural machinery, including tractors and harvesters.
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YanmarA Japanese company known for its compact tractors and other agricultural machinery. Yanmar has a strong presence in Asia and is expanding globally.
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JCBA British company primarily known for its construction equipment, JCB also manufactures agricultural machinery, including telescopic handlers and loaders.
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Escorts LimitedAn Indian company that manufactures tractors and other agricultural equipment. Escorts has a strong presence in the Indian market and is expanding internationally.
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KUHN GroupA French company specializing in agricultural machinery, including plows, seeders, and forage equipment. KUHN is known for its innovative and high-quality products.
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Lovol Heavy IndustryA Chinese company that produces a wide range of agricultural machinery, including tractors, harvesters, and planters. Lovol is one of the leading agricultural equipment manufacturers in China.
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Tractors and Farm Equipment Limited (TAFE)An Indian company that manufactures tractors and other agricultural machinery. TAFE has a significant market share in India and exports to several countries.
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Valmont IndustriesAn American company that specializes in irrigation equipment and infrastructure products for agriculture. Valmont is a leading player in the global irrigation market.
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Alamo GroupA U.S.-based company that manufactures agricultural and maintenance equipment, including mowers, cutters, and sprayer
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