Agricultural Implement Market Report 2026

The agricultural implement market size has grown strongly in recent years. It will grow from $271.59 billion in 2025 to $285.49 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing farm mechanization rates, rising labor shortages in agriculture, expansion of commercial farming operations, increasing demand for higher crop productivity, availability of affordable farming equipment.

The agricultural implement market size is expected to see strong growth in the next few years. It will grow to $360.1 billion in 2030 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to increasing adoption of autonomous and semi-autonomous implements, rising focus on sustainable farming practices, expansion of precision agriculture adoption, growing investments in smart farming technologies, increasing demand for energy-efficient farm machinery. Major trends in the forecast period include increasing adoption of multi-functional farm equipment, growing demand for high-capacity implements, rising use of precision-compatible implements, enhanced focus on durability and equipment longevity, expansion of mechanized farming practices.

Surging demand for food crops is anticipated to drive growth in the agricultural implement market. Food crops are cultivated items produced for human consumption. Agricultural implements comprise the tools and machinery employed across stages of food-crop cultivation to boost efficiency, lower labor requirements, and enhance overall farm productivity. For example, in January 2024, the National Agricultural Statistics Service (NASS) reported that corn yields rose from 173.4 bushels per acre in 2022 to a record 177.3 bushels per acre in 2023, an increase of 3.9 bushels per acre. Therefore, the increasing demand for food crops is expected to propel the agricultural implement market going forward.

Major companies in the agricultural implement market are pursuing advanced machinery and precision-agriculture technologies to strengthen their competitive position and broaden product portfolios. Advanced agricultural machinery integrates modern technologies and equipment in farming operations to raise efficiency, productivity, and sustainability. For example, in March 2024, Mahindra & Mahindra’s Farm Equipment Sector (FES) launched the Mahindra 6RO Paddy Walker, a six-row paddy transplanter introduced in Tamil Nadu. Engineered for power, reliability, and performance, the transplanter features a robust gearbox and engine to improve efficiency while reducing fuel consumption. It enhances productivity in paddy cultivation, extends service intervals, and promotes water conservation - thereby lowering the environmental footprint of rice farming while improving crop profitability.

In July 2023, Deere & Company (John Deere), a US-based manufacturer of agricultural equipment, acquired Smart Apply, Inc. for an undisclosed amount. The acquisition is intended to expand John Deere’s precision-agriculture offering by integrating Smart Apply’s Intelligent Spray Control System into its equipment range. The upgrade kit improves the accuracy and efficiency of air-blast sprayers, enhancing spray performance in orchards, vineyards, and tree nurseries. Smart Apply, Inc. is a US-based developer of precision spraying solutions.

Major companies operating in the agricultural implement market are Deere & Company, CNH Industrial N.V., AGCO Corporation, Kubota Corporation, CLAAS KGaA mbH, China National Machinery Industry Corporation (Sinomach), Mahindra Group, Iseki & Co., Ltd., SDF Group, Escorts Limited, Tractors and Farm Equipment Limited (TAFE), Sonalika Group, HMT Limited, Force Motors, Singha Components Pvt Ltd, PREET, Standard Tractors, YTO Group, Cixi City Best Power Tools Co., Ltd., Lovol Heavy Industry CO., LTD., Weichai Power, Wuyang Huifang Modern Agri-Machinery Co. Ltd., Wendeng First General Machinery Manufacturing, Mitsubishi Agricultural Machinery, Yanmar, Fendt, Deutz-Fahr, Husqvarna, Kuhn Group, Kverneland Group, Krone, Grimme Group, JCB Limited, Väderstad, Maschio Gaspardo S.p.A., Alo AB, Horsch, New Holland, Zetor, Ursus, Case IH, Pronar, Farmtrac, Crystal Traktor, VUAZ AGRO, AGROSTROJ Pelhrimov, Massey Ferguson, AriensCo, Great Plains Manufacturing, Venture Products, Amerequip, Crary, Koenig Equipment, Saba International Co. Company, Al-muktar Llc, Al Falah Agricultural Equipments, Prime Tech Middle East Fze, Agripak Tractors General Trading Llc, Star Holland Used Heavy Equip.trading Ll, Timothy Agricultural Equipment, Modern Machinery Egypt, Elmasrya Co. For Agricultural Machinery, Hawk Egypt, Agrozenit Agricultural Equipment, Çelmak Tarım Makinaları San. Tic. Ltd. Şti., Agri Supplies, Agro Master, ARGO Industrial, Bell Equipment, BEPCO, Bestbier, BHBW, Big Dutchman, BPI Manufacturing, Cape Agricultural Products, Morris Industries Limited, DICKEY-John Corporation and Jupidex, DICLA, Enorossi, Falcon Equipment, GC Tillage, Gomselmash, Green Zone, Hose Manufacturer's (PTY) Limited, Jinma Tractors South Africa, Landini, Mascor, Monosem, Netafim Limited, NHSA Agriculture Parts, Northmec, Orchard Agrimek, Radium Engineering, Rebelo Agricultural Group, Southtrade, Valmont Industries Incorporated, Valtra, Vermeer equipment Sales, World Group Company Limited, Yanmar Company Limited.

Asia-Pacific was the largest region in the agricultural implement market in 2025. North America was the second largest region of the agricultural implement market. The regions covered in the agricultural implement market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural implement market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The agricultural implements market consists of sales of harvesting implements, planting machines, soil cultivation implements, and irrigation machinery. 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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