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Global Agricultural Equipment Market Size, Share, Forecast: By Product: Tractors, Harvesters, Planting Equipment, Irrigation and Crop Processing Equipment, Spraying Equipment, Hay and Forage Equipment, Others; By Application: Land Development and Seed Bed Preparation, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Agricultural Equipment Market Size
The global agricultural equipment market attained a value of about USD 212.83 billion in 2023. The market is further expected to grow at a CAGR of 8.9% during the forecast period of 2024-2032 to reach approximately USD 458.45 billion by 2032.
Agricultural Equipment Market Report Snapshots
Agricultural Equipment Market Size
Agricultural Equipment Market Growth
Agricultural Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Agricultural Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Agricultural Equipment Historical Market (2018-2023)
8.3 Global Agricultural Equipment Market Forecast (2024-2032)
8.4 Global Agricultural 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)
8.4.3.3 Breakup by Type
8.4.3.3.1 Row Crop Planters
8.4.3.3.2 Air seeders
8.4.3.3.3 Grain drills
8.4.3.3.4 Others
8.4.4 Irrigation and Crop Processing Equipment
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 Agricultural Equipment Market by Application
8.5.1 Land Development and Seed Bed Preparation
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Sowing and Planting
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Weed Cultivation
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Plant Protection
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Harvesting and Threshing
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Post-Harvest and Agro Processing
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.6 Global Agricultural Equipment Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Agricultural 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 Agricultural 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 Agricultural 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 Agricultural 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 Agricultural 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 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8432)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Deere & Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 CNH Industrial N.V.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 AGCO Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Mahindra & Mahindra Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Kubota Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 ISEKI & CO., LTD.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Agricultural Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Agricultural Equipment Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Agricultural Equipment Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Agricultural Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Agricultural Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Agricultural Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Agricultural Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Agricultural Equipment Market Structure
Key Questions Answered in the Report
The global agricultural equipment market attained a value of nearly USD 212.83 billion in 2023.
The market is projected to grow at a CAGR of 8.9% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 458.45 billion by 2032.
The market is being driven by mechanisation of agricultural tools to boost productivity and reduce human labour, and incentives and subsidies by various governments for farmers to adopt advanced agricultural equipment.
The key trends of the market for include the integration of digital technologies like the Internet of Things (IoT) and artificial intelligence (AI) in precision farming and increased focus on farm mechanisation.
The major regional markets for agricultural equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different products of agricultural equipment are tractors, harvesters, planting equipment, irrigation and crop processing equipment, spraying equipment, and hay and forage equipment, among others.
The major applications of agricultural equipment include land development and seed bed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro processing.
The key players in the global agricultural equipment market are Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Kubota Corporation, and ISEKI & CO., LTD., among others.
Analyst Review
The global agricultural equipment market attained a value of about USD 212.83 billion in 2023, driven by favourable government incentives. Aided by integration of digital technology, the market is expected to grow at a CAGR of 8.9% in the forecast period of 2024-2032 to reach nearly USD 458.45 billion by 2032.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of product, the market can be divided into tractors, harvesters, planting equipment, irrigation and crop processing equipment, spraying equipment, and hay and forage equipment, among others. Based on application, the market can be segmented into 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 for agricultural equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Kubota Corporation, and ISEKI & CO., LTD., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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