The global agriculture equipment market size was valued at USD 181.5 Billion in 2024. Looking forward, the analyst estimates the market to reach USD 259.7 Billion by 2033, exhibiting a CAGR of 4.02% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 36.8% in 2024. The market in the region is driven by rising mechanization, growing food demand due to population growth, government subsidies, and increasing adoption of advanced machinery.
Agriculture equipment is used for performing various tasks in farming, such as harvesting crops, spraying fields, seeding, tilling fields, breeding cows, and feeding livestock. It comprises mowers, backhoe, harrow, cultivator, rake, tractor, combine harvester, sprayers, chain saw, brush cutters, and sawmills. It enhances the efficiency and productivity of farming by minimizing human labor and reducing errors, physical shortcomings and wastage in agriculture. It assists in cultivating land by smoothing hillocks, filling in depressions and gullies, and removing deep-rooted weeds while preventing soil erosion. In addition, it reduces fodder area and enlarges crop area to produce food for human consumption.
In addition, the growing demand for electric tractors to reduce air pollution and greenhouse gas emissions is offering a positive market outlook. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce self-propelled machines in farming. They are also focusing on various marketing strategies to expand their customer base. Additionally, the rising demand for enhanced machines with high-power to farm hard-to-access areas and handle a wide range of implements is bolstering the growth of the market.
Agriculture equipment is used for performing various tasks in farming, such as harvesting crops, spraying fields, seeding, tilling fields, breeding cows, and feeding livestock. It comprises mowers, backhoe, harrow, cultivator, rake, tractor, combine harvester, sprayers, chain saw, brush cutters, and sawmills. It enhances the efficiency and productivity of farming by minimizing human labor and reducing errors, physical shortcomings and wastage in agriculture. It assists in cultivating land by smoothing hillocks, filling in depressions and gullies, and removing deep-rooted weeds while preventing soil erosion. In addition, it reduces fodder area and enlarges crop area to produce food for human consumption.
Agriculture Equipment Market Trends:
At present, the growing awareness among farmers about the benefits of using agriculture equipment represents one of the key factors driving the market. Besides this, governments of several countries are promoting the usage of agriculture equipment by providing loan waiver schemes to farmers. They are also providing funds to farmers for adopting sustainable agriculture practices and enhancing productivity using machinery, which is contributing to the growth of the market. Moreover, the integration of technologically advanced agricultural robotics in farming, such as autonomous tractors and flying drones, to help farmers produce food at low costs is propelling the growth of the market.In addition, the growing demand for electric tractors to reduce air pollution and greenhouse gas emissions is offering a positive market outlook. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce self-propelled machines in farming. They are also focusing on various marketing strategies to expand their customer base. Additionally, the rising demand for enhanced machines with high-power to farm hard-to-access areas and handle a wide range of implements is bolstering the growth of the market.
Key Market Segmentation:
This report provides an analysis of the key trends in each segment of the global agriculture equipment market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on equipment type, application, and sales channel.Breakup by Equipment Type:
- Agriculture Tractor
- Harvesting Equipment
- Irrigation and Crop Processing Equipment
- Agriculture Spraying and Handling Equipment
- Soil Preparation and Cultivation Equipment
- Others
Breakup by Application:
- Land Development
- Threshing and Harvesting
- Plant Protection
- After Agro Processing
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEM)
- Aftermarket
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGCO Corporation, Agromaster Agricultural Machinery, Argo Tractors S.p.A., Bellota Agrisolutions, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Escorts Limited, Iseki & Co. Ltd., JC Bamford Excavators Ltd., Kubota Corporation, Mahindra & Mahindra Limited and SDF Group.Key Questions Answered in This Report:
- What is agriculture equipment?
- How big is the agriculture equipment market?
- What is the expected growth rate of the global agriculture equipment market during 2025-2033?
- What are the key factors driving the global agriculture equipment market?
- What is the leading segment of the global agriculture equipment market based on equipment type?
- What is the leading segment of the global agriculture equipment market based on application?
- What is the leading segment of the global agriculture equipment market based on sales channel?
- What are the key regions in the global agriculture equipment market?
- Who are the key players/companies in the global agriculture equipment market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Agriculture Equipment Market
6 Market Breakup by Equipment Type
7 Market Breakup by Application
8 Market Breakup by Sales Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AGCO Corporation
- Agromaster Agricultural Machinery
- Argo Tractors S.p.A.
- Bellota Agrisolutions
- China National Machinery Industry Corporation
- CLAAS KGaA mbH
- CNH Industrial N.V.
- Deere & Company
- Escorts Limited
- Iseki & Co. Ltd.
- JC Bamford Excavators Ltd.
- Kubota Corporation
- Mahindra & Mahindra Limited
- SDF Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 181.5 Billion |
| Forecasted Market Value ( USD | $ 259.7 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
