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Canada Agricultural Machinery Market Size, Share, Analysis: By Tractors: Compact Utility Tractors, Utility Tractors, Row Crop Tractors; By Ploughing and Cultivating Machinery; By Planting Machinery; By Harvesting Machinery; By Haying and Forage Machinery; By Irrigation Machinery; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Canada Agricultural Machinery Market Outlook
The Canada agricultural machinery market size was approximately USD 7.78 billion in 2023. The market is assessed to grow at a CAGR of 7.4% between 2024 and 2032, reaching a value of USD 14.87 billion by 2032.
Key Trends in the Market
Agricultural machinery refers to mechanical equipment and tools deployed in producing, harvesting, and looking after farm produce and livestock rearing. It can boost land fertility and enable farmers to grow more crops in less space. It removes the requirement of excessive manual labour on farms and enhances crop yield, which boosts farmer’s income. Agricultural mechanisation has improved the existing techniques of crop production, which has saved soil from erosion and made irrigation practices more efficient. They have also enabled large scale commercialisation of crop production.
- Agricultural machinery with a power range of more than 149 horsepower has grown significantly in demand since 2018. This is because of the need for deep ploughing and soil turning operations for maximising crop’s access to nutrients. This is expected to boost the Canada agricultural machinery market growth.
- Geopolitical shifts and sudden supply chain disruptions are challenging the import of agricultural machinery from Europe and the Asia Pacific (specially China) into Canada. This is threatening the food security of people and adversely impacting the growth of agriculture sector. This is creating a good economic opportunity for companies engaged in manufacturing agricultural machinery in Canada.
- The shortage of specialised labour in Canada’s farms is expected to boost the Canada agricultural machinery market demand over the forecast period. This is because rising temperatures will increase the fertility of arable land in Canada which will directly impact the area under cultivation. Increased demand for more fruit crops is expected to met through advanced agricultural technologies by farmers.
Market Segmentation
Based on tractors, the market is segmented into compact utility tractors, utility tractors, and row crop tractors. By ploughing and cultivating machinery, the market can be divided into ploughs, harrows, and cultivators and tillers, among others. The Canada agricultural machinery market segmentation, based on planting machinery, includes seed drills, planters, and spreaders, among others.
By harvesting machinery, the market is categorised into combine harvesters and forage harvesters, among others. Based on haying and forage machinery, the market can be divided into mowers and conditioners and balers, among others. By irrigation machinery, the market can be segmented into sprinkler irrigation and drip irrigation, among others.
On the basis of application, the market segmentation includes land development and seed bed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro-processing.
The major regional markets include Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.
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 Canada agricultural machinery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Deere & Company
- AGCO Corporation
- CNH Industrial NV
- CLAAS KGaA mbH
- Kubota Corporation
- Caterpillar, Inc.
- SDF S.p.A (Deutz-Fahr)
- Yanmar Holdings Co., Ltd.
- KUHN Group, Inc.
- Mahindra & Mahindra Ltd.
- Others
Market Share by Irrigation Machinery
As per the Canada agricultural machinery market analysis, drip irrigation is expected to witness a significant growth in demand over the forecast period. This is because climate change is expected to adversely affect the rate of precipitation in the country and rising temperatures are expected to accelerate the rate of polar ice melting. This can put pressure on the water resources of the country which can promote the adoption of drip irrigation technologies for crop growing. By delivering water to plant roots in the right quantity, drip irrigation can help in the conservation of critical water resources which people can rely upon for meeting other requirements like drinking, bathing, washing, and cooking, among others.
Market Share by Region
Northern Canada is expected to account for a significant Canada agricultural machinery market share due to expansion in the cultivation of arable land. A milder climate, induced by climate change, is expected to favour the growth of new crops including maize, soya, wheat, and rapeseed. This is expected to increase the requirement of agricultural machinery for ploughing, seeding, and harvesting of crops to boost agricultural productivity as the vegetative period of some crops increases.
The demand for agricultural machinery is also expected to increase in regions like the British Columbia, Atlantic Canada, and Alberta as enhanced soil fertility favourably impacts the production of fruits and vegetables like apples, blueberries, and carrots.
Competitive Landscape
AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia (USA). It is engaged in designing, manufacturing, and distributing a wide range of agricultural equipment including tools for tillage and seeding, hay and forage equipment, tractors, combine harvesters, and replacement parts. Some of its most famous brands include Challenger, Fendt, GSI, Massey, Valtra, and Ferguson.
CNH Industrial NV was founded in 1842 and is headquartered in Essex, United Kingdom. It is a global company that is engaged in manufacturing safe capital goods for the agriculture and construction sector. Its brand portfolio includes New Holland Agriculture, New Holland Construction Equipment, CASE, and Case IH. It has innovative research and development facilities, and it also provides financial support to farmers/organisations for procurement of equipments.
KUHN Group, Inc. was founded in 1828 and is headquartered in the United Kingdom. It uses its state-of-the-art production facilities to design, manufacture, and market superior quality agricultural machinery. It specializes in many key areas including foundry, forge, cutting/machining, and assembly of products among others. It exports its equipments and spare parts to 100+ countries across the world.
Other major players in the Canada agriculture machinery market include Deere & Company, CLAAS KGaA mbH, Kubota Corporation, Caterpillar, Inc., SDF S.p.A (Deutz-Fahr), Yanmar Holdings 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:
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| Breakup by Tractors |
|
| Breakup by Ploughing and Cultivating Machinery |
|
| Breakup by Planting Machinery |
|
| Breakup by Harvesting Machinery |
|
| Breakup by Haying and Forage Machinery |
|
| Breakup by Irrigation Machinery |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
7 Opportunities and Challenges in the Market
8 North America Agricultural Machinery Market Overview
8.1 Key Industry Highlights
8.2 North America Agricultural Machinery Historical Market (2018-2023)
8.3 North America Agricultural Machinery Market Forecast (2024-2032)
8.4 North America Agricultural Machinery Market Share by Country
8.4.1 United States
8.4.2 Canada
9 Canada Agricultural Machinery Market Overview
9.1 Key Industry Highlights
9.2 Canada Agricultural Machinery Historical Market (2018-2023)
9.3 Canada Agricultural Machinery Market Forecast (2024-2032)
10 Canada Agricultural Machinery Market by Tractors
10.1 Compact Utility Tractors
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Utility Tractors
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Row Crop Tractors
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Canada Agricultural Machinery Market by Ploughing and Cultivating Machinery
11.1 Ploughs
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Harrows
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cultivators and Tillers
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Canada Agricultural Machinery Market by Planting Machinery
12.1 Seed Drills
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Planters
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Spreaders
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Canada Agricultural Machinery Market by Harvesting Machinery
13.1 Combine Harvesters
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Forage Harvesters
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Others
14 Canada Agricultural Machinery Market by Haying and Forage Machinery
14.1 Mowers and Conditioners
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Balers
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Others
15 Canada Agricultural Machinery Market by Irrigation Machinery
15.1 Sprinkler Irrigation
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Drip Irrigation
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Others
16 Canada Agricultural Machinery Market by Application
16.1 Land Development and Seed Bed Preparation
16.1.1 Historical Trend (2018-2023)
16.1.2 Forecast Trend (2024-2032)
16.2 Sowing and Planting
16.2.1 Historical Trend (2018-2023)
16.2.2 Forecast Trend (2024-2032)
16.3 Weed Cultivation
16.3.1 Historical Trend (2018-2023)
16.3.2 Forecast Trend (2024-2032)
16.4 Plant Protection
16.4.1 Historical Trend (2018-2023)
16.4.2 Forecast Trend (2024-2032)
16.5 Harvesting and Threshing
16.5.1 Historical Trend (2018-2023)
16.5.2 Forecast Trend (2024-2032)
16.6 Post-harvest and Agro-Processing
16.6.1 Historical Trend (2018-2023)
16.6.2 Forecast Trend (2024-2032)
17 Canada Agricultural Machinery Market by Region
17.1 Northern Canada
17.1.1 Historical Trend (2018-2023)
17.1.2 Forecast Trend (2024-2032)
17.2 British Columbia
17.2.1 Historical Trend (2018-2023)
17.2.2 Forecast Trend (2024-2032)
17.3 Alberta
17.3.1 Historical Trend (2018-2023)
17.3.2 Forecast Trend (2024-2032)
17.4 The Prairies
17.4.1 Historical Trend (2018-2023)
17.4.2 Forecast Trend (2024-2032)
17.5 Central Canada
17.5.1 Historical Trend (2018-2023)
17.5.2 Forecast Trend (2024-2032)
17.6 Atlantic Canada
17.6.1 Historical Trend (2018-2023)
17.6.2 Forecast Trend (2024-2032)
18 Market Dynamics
18.1 SWOT Analysis
18.1.1 Strengths
18.1.2 Weaknesses
18.1.3 Opportunities
18.1.4 Threats
18.2 Porter’s Five Forces Analysis
18.2.1 Supplier’s Power
18.2.2 Buyer’s Power
18.2.3 Threat of New Entrants
18.2.4 Degree of Rivalry
18.2.5 Threat of Substitutes
18.3 Key Indicators for Demand
18.4 Key Indicators for Price
19 Trade Data Analysis (HS Code - 8432, 8433, 8701)
19.1 Major Importing Countries
19.1.1 By Volume
19.1.2 By Value
19.2 Major Exporting Countries
19.2.1 By Volume
19.2.2 By Value
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Deere & Company
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 AGCO Corporation
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 CNH Industrial NV
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 CLAAS KGaA mbH
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Kubota Corporation
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Caterpillar, Inc.
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 SDF S.p.A (Deutz-Fahr)
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Yanmar Holdings Co., Ltd.
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 KUHN Group, Inc.
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 Mahindra & Mahindra Ltd.
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 Others
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Agricultural Machinery Market: Key Industry Highlights, 2018 and 2032
2. Canada Agricultural Machinery Market: Key Industry Highlights, 2018 and 2032
3. Canada Agricultural Machinery Historical Market: Breakup by Tractors (USD Billion), 2018-2023
4. Canada Agricultural Machinery Market Forecast: Breakup by Tractors (USD Billion), 2024-2032
5. Canada Agricultural Machinery Historical Market: Breakup by Ploughing and Cultivating Machinery (USD Billion), 2018-2023
6. Canada Agricultural Machinery Market Forecast: Breakup by Ploughing and Cultivating Machinery (USD Billion), 2024-2032
7. Canada Agricultural Machinery Historical Market: Breakup by Planting Machinery (USD Billion), 2018-2023
8. Canada Agricultural Machinery Market Forecast: Breakup by Planting Machinery (USD Billion), 2024-2032
9. Canada Agricultural Machinery Historical Market: Breakup by Harvesting Machinery (USD Billion), 2018-2023
10. Canada Agricultural Machinery Market Forecast: Breakup by Harvesting Machinery (USD Billion), 2024-2032
11. Canada Agricultural Machinery Historical Market: Breakup by Haying and Forage Machinery (USD Billion), 2018-2023
12. Canada Agricultural Machinery Market Forecast: Breakup by Haying and Forage Machinery (USD Billion), 2024-2032
13. Canada Agricultural Machinery Historical Market: Breakup by Irrigation Machinery (USD Billion), 2018-2023
14. Canada Agricultural Machinery Market Forecast: Breakup by Irrigation Machinery (USD Billion), 2024-2032
15. Canada Agricultural Machinery Historical Market: Breakup by Application (USD Billion), 2018-2023
16. Canada Agricultural Machinery Market Forecast: Breakup by Application (USD Billion), 2024-2032
17. Canada Agricultural Machinery Historical Market: Breakup by Region (USD Billion), 2018-2023
18. Canada Agricultural Machinery Market Forecast: Breakup by Region (USD Billion), 2024-2032
19. Major Importing Countries by Volume
20. Major Exporting Countries by Volume
21. Major Importing Countries by Value
22. Major Exporting Countries by Value
23. Canada Agricultural Machinery Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.78 billion.
The market is estimated to grow at a CAGR of 7.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 14.87 billion by 2032.
The market is being driven by the growing mechanisation of agriculture which boosts farm productivity and increases farmer’s incomes.
The key trends aiding the market expansion include increase in demand for higher horsepower machines, threat of import disruptions, and shortage of specialised farm labour.
The major regions in the market are Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.
The major applications of agricultural machinery include land development and seed bed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro-processing.
The major players in the market are Deere & Company, AGCO Corporation, CNH Industrial NV, CLAAS KGaA mbH, Kubota Corporation, Caterpillar, Inc., SDF S.p.A (Deutz-Fahr), Yanmar Holdings Co., Ltd., KUHN Group, Inc., and Mahindra & Mahindra Ltd., among others.
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