Agricultural Implement Market Report 2025

The agricultural implement market size has grown strongly in recent years. It will grow from $255.13 billion in 2024 to $271.68 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to migration, population growth, and economic growth.

The agricultural implement market size is expected to see strong growth in the next few years. It will grow to $340.13 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to favorable government policies, agriculture finance, technological advances, and increasing awareness. Major trends in the forecast period include developing autonomous farm equipment, offering telematics technology, offering robotic lawnmowers, and providing robotic milking systems to leverage the growing demand for these machines.

The increasing demand for food crops is poised to fuel the expansion of the agricultural implement market. Food crops represent cultivated produce utilized for human consumption. Agricultural implements encompass various tools and machinery used throughout the stages of food crop production to enhance efficiency, diminish labor, and elevate overall agricultural productivity. In December 2022, the Food and Agriculture Organization (FAO), a specialized agency of the United Nations, reported a 2% global uptick in primary crop commodities production, reaching 9.5 billion metric tons in 2021. Cereals constituted 32% of this production, followed by sugar crops at 22% during the same period. This rise in food crop demand is projected to significantly influence the growth trajectory of the agricultural implement market.

The growth of the agricultural implement manufacturing market is supported by a stable economic outlook in many developed and developing countries. For instance, in April 2024, the International Monetary Fund, a US-based financial agency, projected that the global economy would maintain a growth rate of 3.2% in both 2024 and 2025, consistent with the pace observed in 2023. Additionally, the recovery of commodity prices following a significant decline in previous years is anticipated to further bolster market growth. Developed economies are expected to experience stable growth during the forecast period, while emerging markets are projected to grow slightly faster than their developed counterparts. This stable economic growth is likely to increase investments in end-user markets, thereby driving growth in the agricultural implement manufacturing sector during the forecast period.

Major companies in the agricultural implement market are increasingly investing in technologically advanced machinery to gain a competitive edge and enhance their product offerings. Advanced agricultural machinery involves the integration of modern technology and equipment into farming operations to boost efficiency, productivity, and sustainability. For example, in March 2024, Mahindra & Mahindra’s Farm Equipment Sector (FES), an Indian tractor manufacturer and part of the Mahindra Group, introduced the Mahindra 6RO Paddy Walker, a 6-row paddy transplanter, in Tamil Nadu. Engineered for power, reliability, and performance, this transplanter features a robust gearbox and engine, delivering higher efficiency with lower fuel consumption. It aims to maximize productivity in paddy farming, extend service intervals, and promote water conservation, thereby reducing the environmental impact of rice cultivation while improving crop profitability.

Farm machinery manufacturers are increasingly providing driverless tractors and robots to both individual farmers and corporate farming companies. These autonomous machines automate the weeding and harvesting processes, utilizing GPS and sensors and can be controlled via a tablet or smartphone. Such technologies significantly enhance farm productivity while reducing labor costs. For instance, in March 2024, SIZA Robotics, a French company specializing in advanced robotics solutions, launched its commercial pre-series of an autonomous robot named TOOGO, specifically designed for vegetable and beet crops. Developed over three years by a team of engineers in collaboration with French farmers who co-designed the machine, TOOGO operates fully autonomously in the field without supervision and is equipped with a security system to prevent theft. Its pivoting chassis arms enable it to adapt to uneven terrain, ensuring balanced weight distribution across its four wheels in all conditions.

Major companies operating in the agricultural implement market include 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 2024. North America was the second largest region of the agricultural implement market. The regions covered in the agricultural implement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agricultural implement market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, 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.

Agricultural implements are tools essential for conducting agricultural practices, aimed at reducing human labor and enhancing field crop yield.

The primary types of agricultural implements include farm machinery and equipment, as well as lawn and garden tractors, along with home lawn and garden equipment. Farm machinery and equipment encompass various tools utilized in farming operations, which can be autonomous, semi-autonomous, or manual. These machines come in different capacities, including small, medium, and large. They are employed in various stages of the agricultural process, including land development and seedbed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro-processing.

The agricultural implement market research report is one of a series of new reports that provides agricultural implementation market statistics, including agricultural implement industry global market size, regional shares, competitors with an agricultural implement market share, detailed agricultural implement market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural implement industry. This agricultural implement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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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