Powered Agriculture Equipment Market Report 2026

The powered agriculture equipment market size has grown strongly in recent years. It will grow from $108.29 billion in 2025 to $116.68 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to labor shortage in agriculture, demand for higher farm productivity, expansion of commercial farming, government mechanization support, growth in food demand.

The powered agriculture equipment market size is expected to see strong growth in the next few years. It will grow to $158.15 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to precision agriculture adoption, electric equipment innovation, sustainable farming initiatives, farm digitalization, investment in agri technology. Major trends in the forecast period include adoption of electric and hybrid farm equipment, growth of precision farming machinery, rising demand for high power tractors, integration of smart farming technologies, expansion of mechanized agriculture.

The rising demand for organic food is expected to drive the growth of the powered agriculture equipment market in the coming years. Organic food refers to products that are certified as being grown on soil where no prohibited substances have been applied for at least three years prior to harvest. The rapid expansion of the organic food sector is increasing the need for powered agricultural equipment, as commercial farmers invest in advanced machinery to lower operating costs and improve productivity and profitability. For instance, in May 2024, according to the Organic Trade Association, a US-based non-profit trade association, sales of organic fresh fruits and vegetables reached USD 20.5 billion in 2023, reflecting a 2.6% increase compared to 2022. Therefore, the growing demand for organic food is expected to boost the adoption of powered agriculture equipment during the forecast period.

Major companies operating in the powered agriculture equipment market are increasingly engaging in strategic collaborations to integrate advanced technologies, including electric-powered and autonomous solutions, into agricultural machinery in order to strengthen their competitive position. Electric-powered agriculture equipment refers to farming vehicles and machinery that utilize battery-powered electric drives instead of traditional internal combustion engines and hydraulic systems. For example, in February 2023, Bobcat Company, a US-based manufacturer of agricultural and construction equipment, announced a partnership with Agtonomy, a US-based agtech software company, aimed at enhancing productivity in the agriculture sector. Through this collaboration, Bobcat and Agtonomy are working together to develop innovative solutions that improve the performance, efficiency, and functionality of Bobcat’s agricultural machinery.

In February 2024, Linamar Corporation, a Canada-based manufacturing company, acquired Bourgault Industries Ltd. for an undisclosed amount. Through this acquisition, Linamar aims to further diversify and expand its agriculture platform while strengthening its overall industrial segment. Bourgault Industries Ltd. is a Canada-based manufacturer specializing in agricultural equipment.

Major companies operating in the powered agriculture equipment market report include AGCO Corporation, Deere & Company, Mahindra & Mahindra Limited, CNH Industrial NV, Kubota Corporation, CLAAS Group, Krone Group, J. C. Bamford Excavators Limited, Yanmar Co Ltd., Same Deutz-Fahr Group, Escorts Limited, Zetor Tractors, Daedong Industrial Company, Argo Tractors SpA, Tractors and Farm Equipment Limited, LS Tractor USA LLC, Iseki & Co. Ltd., Carraro Group, Lely Group, Sampo Rosenlew Ltd., Bucher Industries AG, Rostselmash Ltd., Shifeng Group, Tym Tractors, Kverneland Group, Kukje Machinery Co. Ltd., Art's Way Manufacturing Co. Inc., New Holland Agriculture, Kuhn Group.

Asia-Pacific was the largest region in the powered agriculture equipment market in 2025. The regions covered in the powered agriculture equipment market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the powered agriculture equipment market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The powered agriculture equipment market consists of sales of plows, harrows, fertilizer spreaders, seeders and balers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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