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Agriculture Equipment Market

Global Agriculture Equipment Market Size, Share, Analysis: By Product: Tractors, Harvesters, Planting Equipment, Irrigation and Crop Processing, Spraying Equipment, Hay and Forage Equipment, Others; By Automation: Manual, Semi-Automatic, Automatic; By Application; By Sales Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Agriculture Equipment Market Outlook

The global agriculture equipment market size reached approximately USD 178.22 billion in 2023. The market is further projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of USD 291.86 billion by 2032.

 

Key Trends in the Market

Agriculture equipment refers to tools that are used in farming, among other agriculture activities to enhance the yield, protect crops from damages, and harvest the produce. These tools and devices aid in increasing the productivity of the farm by minimising labour costs and wastage and eliminating human errors.

 

  • The rising labour costs, increasing food requirements, and changing weather patterns are supporting the agriculture equipment market growth. These equipment aid in reducing labour costs and allow the study of soil health and nutrition content. This allows farmers to make necessary alterations in plant nutrition to support their growth and development.
  • The increase in government initiatives and provision of economic resources is boosting the adoption of agriculture equipment. To support the expansion of the agriculture sector, various governments across the globe are heavily investing in providing the necessary aid to the farmers to enhance their produce.
  • The growing awareness among farmers, agronomists, and agriculturists, among others about the various advantages associated with the utilisation of advanced agriculture equipment is supporting the market expansion. The integration of IoT with agriculture equipment aids in enhancing the crop yield by tracing anomalies in crop growth and identifying harmful agents.

 

Global Agriculture Equipment Market Segmentation

On the basis of product, the market is divided into tractors, harvesters, planting equipment, irrigation and crop processing, spraying equipment, and hay and forage equipment, among others. Based on automation, the market is classified into manual, semi-automatic, and automatic.

 

On the basis of application, the market is segregated into land development and seed bed preparation, sowing and planting, weed cultivation, harvesting and threshing, plant protection, and post-harvest and agro-processing. Based on sales channel, the market is bifurcated into OEMs and aftermarket. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global agriculture equipment market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • AGCO Corporation 
  • Kubota Corp. 
  • Deere & Company 
  • CNH Industrial N.V. 
  • SDF S.p.A. 
  • AMAZONEN-WERKE H. DREYER SE & Co. KG 
  • Horsch Maschinen GmbH 
  • China National Machinery Industry Corporation (Sinomach) 
  • ISEKI & Co., Ltd. 
  • Mahindra & Mahindra Ltd. 
  • Others

 

Market Share by Application

Land development and seed bed preparation is anticipated to account for a significant agriculture equipment market share over the forecast period. This growth can be attributed to the labour-intensive nature of the process and increasing labour costs and lack of unavailability of skilled labour because of rising urbanisation.

 

Meanwhile, plant protection is witnessing significant growth owing to the increasing thereat of rodents and harmful pests. The increasing food requirements due to increasing population is further bolstering the demand for plant protection equipment.

 

Market Share by Region

North America is witnessing a significant growth in the demand for agriculture equipment. This growth can be attributed to the strong presence of various major market players in the region and increasing adoption of advanced agriculture equipment due to surging labour costs. Increasing government initiatives to boost agriculture development to meet the rising food requirements is boosting the agriculture equipment market demand. The high spending power of agriculturists and farmers and rapid adoption of latest technology in the region is further supporting the market growth.

 

Competitive Landscape

AGCO Corporation is a machinery manufacturing company that was founded in 1989 and is headquartered in Georgia, United States. The company specialises in grain handling, precision agriculture technology, and animal protein production technologies, among others.

 

Kubota Corp. is one of the leading agriculture machinery manufacturing companies that was founded in 1890 and is headquartered in Osaka, Japan. The products provided by the company include combine harvesters, tractors, and rice transplanters, among others.

 

Deere & Company is one of the leading providers of advanced technology, services, and products for agriculture and construction. The company was founded in 1837 and is headquartered in Illinois, United States.

 

Other agriculture equipment market key players include CNH Industrial N.V., SDF S.p.A., AMAZONEN-WERKE H. DREYER SE & Co. KG, Horsch Maschinen GmbH, China National Machinery Industry Corporation (Sinomach), ISEKI & Co., Ltd., and Mahindra & Mahindra Ltd., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Automation
  • Application
  • Sales Channel
  • Region
Breakup by Product
  • Tractors
  • Harvesters
  • Planting Equipment
  • Irrigation and Crop Processing
  • Spraying Equipment
  • Hay and Forage Equipment
  • Others
Breakup by Automation
  • Manual
  • Semi-Automatic
  • Automatic
Breakup by Application
  • Land Development and Seed Bed Preparation
  • Sowing and Planting
  • Weed Cultivation
  • Harvesting and Threshing
  • Plant Protection
  • Post-Harvest and Agro-Processing
Breakup by Sales Channel
  • OEMs
  • Aftermarket
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AGCO Corporation
  • Kubota Corp.
  • Deere & Company
  • CNH Industrial N.V.
  • SDF S.p.A.
  • AMAZONEN-WERKE H. DREYER SE & Co. KG
  • Horsch Maschinen GmbH
  • China National Machinery Industry Corporation (Sinomach)
  • ISEKI & Co., Ltd.
  • Mahindra & Mahindra Ltd.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Agriculture Equipment Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Agriculture Equipment Historical Market (2018-2023) 
    8.3    Global Agriculture Equipment Market Forecast (2024-2032)
    8.4    Global Agriculture Equipment Market by Product
        8.4.1    Tractors
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Harvesters
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Planting Equipment
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Irrigation and Crop Processing
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Spraying Equipment
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Hay and Forage Equipment
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Others
    8.5    Global Agriculture Equipment Market by Automation
        8.5.1    Manual 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Semi-Automatic
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Automatic
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Agriculture Equipment Market by Application
        8.6.1    Land Development and Seed Bed Preparation
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Sowing and Planting
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Weed Cultivation
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Harvesting and Threshing
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Plant Protection
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Post-Harvest and Agro-Processing
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
    8.7    Global Agriculture Equipment Market by Sales Channel
        8.7.1    OEMs
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Aftermarket
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Agriculture Equipment Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Agriculture Equipment Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Agriculture Equipment Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Agriculture Equipment Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Agriculture Equipment Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Agriculture Equipment Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Trade Data Analysis (HS Code – 8432)
    15.1    Major Exporting Countries 
        15.1.1    By Value
        15.1.2    By Volume
    15.2    Major Importing Countries 
        15.2.1    By Value
        15.2.2    By Volume
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    AGCO Corporation 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Kubota Corp. 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Deere & Company 
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    CNH Industrial N.V. 
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    SDF S.p.A. 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    AMAZONEN-WERKE H. DREYER SE & Co. KG 
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Horsch Maschinen GmbH 
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    China National Machinery Industry Corporation (Sinomach) 
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    ISEKI & Co., Ltd. 
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Mahindra & Mahindra Ltd. 
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Agriculture Equipment Market: Key Industry Highlights, 2018 and 2032
2.    Global Agriculture Equipment Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Agriculture Equipment Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Agriculture Equipment Historical Market: Breakup by Automation (USD Billion), 2018-2023
5.    Global Agriculture Equipment Market Forecast: Breakup by Automation (USD Billion), 2024-2032
6.    Global Agriculture Equipment Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Agriculture Equipment Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Agriculture Equipment Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
9.    Global Agriculture Equipment Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
10.    Global Agriculture Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Agriculture Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Agriculture Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Agriculture Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Agriculture Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Agriculture Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Agriculture Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Agriculture Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Agriculture Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Agriculture Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Agriculture Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Agriculture Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Major Exporting Countries by Value
23.    Major Importing Countries by Value
24.    Major Exporting Countries by Volume
25.    Major Importing Countries by Volume
26.    Global Agriculture Equipment Market Structure

Key Questions Answered in the Report

What was the global agriculture equipment market value in 2023?

The market reached a value of approximately USD 178.22 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.

What is the agriculture equipment market forecast for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 291.86 billion by 2032.

What are the major market drivers?

The major market drivers include growing awareness among farmers, agronomists, and agriculturists, among others about the various advantages associated with the utilisation of advanced agriculture equipment and rising labour costs.

What are the key agriculture equipment market trends?

The key trends fuelling the growth of the market include growing adoption of smart agriculture practices and increase in government initiatives.

What are the major regions in the market for agriculture equipment, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant applications of agriculture equipment?

The applications of agriculture equipment include into land development and seed bed preparation, sowing and planting, weed cultivation, harvesting and threshing, plant protection, and post-harvest and agro-processing.

Who are the key market players, according to the agriculture equipment market report?

The key players in the market are AGCO Corporation, Kubota Corp., Deere & Company, CNH Industrial N.V., SDF S.p.A., AMAZONEN-WERKE H. DREYER SE & Co. KG, Horsch Maschinen GmbH, China National Machinery Industry Corporation (Sinomach), ISEKI & Co., Ltd., and Mahindra & Mahindra Ltd., among others.

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