Product Code: GVR-1-68038-455-0
Agriculture Equipment Market Growth & Trends:
The global agriculture equipment market size is expected to reach USD 295.28 billion by 2033, registering a CAGR of 6.7% from 2025 to 2033, according to a new report by Grand View Research, Inc. Shortage of labor worldwide particularly in Western Europe and the U.S. will play a key role in driving the adoption of agriculture equipment over the forecast period. Furthermore, shortage of labor in the field of agriculture equipment and telematics to monitor tractor performance and improve farm yield is also anticipated to propel the growth of the market. Apart from advancements in the agriculture equipment space and shortage of labor shortage, the growing population to meet the global food requirements will also be a major factor, increasing demand in the long term.
Favorable government initiatives to reduce the financial burden on farmers or incentivize agriculture equipment purchase will also be a major factor driving the growth of the market. For instance, the Pradhan Mantri Krishi Sinchai Yojana (PMKSY) and Pradhan Mantri Kisan Samman Nidhi (PMKSN) schemes in India aimed at offering financial assistance to low-income farmers. Apart from schemes supporting agricultural activities in the emerging economies, COVID-19 pandemic assistance from developed countries/regions, such as the United States and European Union in 2020 eased the financial burden of farmers in 2020. For instance, the announcement of the Pandemic Assistance for Producers initiative in the U.S (2020) and negotiations on European Union Common Agricultural Policy in Europe (2021).
The COVID-19pandemic hampered the growth of the market for agriculture equipment in H1 2020. A government-imposed lockdown and stringent regulations impeded business activities worldwide, including the agriculture equipment industry, consequently impacting sales. Several key players in the market, including AGCO Corporation, Deere & Company, and KUBOTA Corporation reported a dip in sales from Q1 2020 to Q2 2020. Although the year 2020 witnessed a slight dip, it was offset by the economic revival post-Q2 2020.
In 2021, the market recorded double-digit growth owing to the pent-up demand and backlog orders resulting from the pandemic. This trend will continue over the short term to meet backlogs from 2020 and replace aging equipment over the forecast period. Although, the overall market statistics paint a rosy picture over the short-term, supply chain disruptions could still pose a threat due to low inventory levels at an OEM level.
Agriculture Equipment Market Report Highlights:
- The tractors segment dominated the market with a revenue share of 34.9% in 2024.
- The land development & seed bed preparation segment dominated the market.
- The North America agriculture equipment industry is expected to grow with a CAGR of 7.2% from 2025 to 2033.
- The agriculture equipment industry in the U.S. is expected to grow during the forecast period.
- Asia Pacific agriculture equipment industry held the largest revenue share globally in 2024, accounting for 37.7% of the global revenue.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Irrigation & Crop Processing Equipment
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Agriculture Equipment Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Agriculture Equipment Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Harvesters landscape
Chapter 4. Agriculture Equipment Market: Product Estimates & Trend Analysis
- 4.1. Agriculture Equipment Market, By Product Analysis & Market Share, 2024 & 2033
- 4.2. Tractors
- 4.2.1. Tractors market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.3. Harvesters
- 4.3.1. Tractors market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.4. Planting Equipment
- 4.4.1. Planting equipment market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.5. Irrigation & Crop Processing Equipment
- 4.5.1. Irrigation & crop processing equipment market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.6. Spraying Equipment
- 4.6.1. Spraying equipment market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.7. Hay & Forage Equipment
- 4.7.1. Hay & forage equipment market estimates and forecasts, 2021 - 2033 (USD Billion)
- 4.8. Others
- 4.8.1. Others market estimates and forecasts, 2021 - 2033 (USD Billion)
Chapter 5. Agriculture Equipment Market: Application Estimates & Trend Analysis
- 5.1. Land Development & Seed Bed Preparation
- 5.1.1. Land development & seed bed preparation market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.2. Sowing & Planting
- 5.2.1. Sowing & planting market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.3. Weed Cultivation
- 5.3.1. Weed cultivation market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.4. Plant Protection
- 5.4.1. Plant protection market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.5. Harvesting & Threshing
- 5.5.1. Harvesting & threshing market estimates and forecasts, 2021 - 2033 (USD Billion)
- 5.6. Post-harvest & Agro Processing
- 5.6.1. Post-harvest & agro processing market estimates and forecasts, 2021 - 2033 (USD Billion)
Chapter 6. Agriculture Equipment Market: Regional Estimates & Trend Analysis
- 6.1. Agriculture Equipment Share, By Region, 2024 & 2033, USD Billion
- 6.2. North America
- 6.2.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.2.2. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.2.3. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.2.4.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.2.5.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.2.6.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3. Europe
- 6.3.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.3.2. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.3. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.4. UK
- 6.3.4.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.4.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.5. Germany
- 6.3.5.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.5.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.6.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.7.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.8. Netherlands
- 6.3.8.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.8.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.9. Spain
- 6.3.9.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.9.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.10. Denmark
- 6.3.10.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.10.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.3.11. Russia
- 6.3.11.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.3.11.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4.2. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.3. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.4.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.5.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.6.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.7. Australia
- 6.4.7.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.7.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.8. South Korea
- 6.4.8.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.8.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.9. Singapore
- 6.4.9.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.9.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.4.10. Taiwan
- 6.4.10.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.4.10.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.5. Latin America
- 6.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.5.2. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.5.3. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.5.4.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.5.5.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.6.2. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.6.3. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.6.4. UAE
- 6.6.4.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.6.4.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.6.5. Saudi Arabia
- 6.6.5.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.6.5.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
- 6.6.6. South Africa
- 6.6.6.1. Market estimates and forecast by product, 2021 - 2033 (Revenue, USD Billion)
- 6.6.6.2. Market estimates and forecast by application, 2021 - 2033 (Revenue, USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share Analysis, 2024
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Expansion
- 7.5.2. Mergers & Acquisition
- 7.5.3. Partnerships & Collaborations
- 7.5.4. Product Launches
- 7.5.5. Recent Developments
- 7.6. Company Profiles
- 7.6.1. AGCO Corporation
- 7.6.1.1. Participant's Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Product Benchmarking
- 7.6.1.4. Recent Developments
- 7.6.2. FlieglAgro-Center GmbH
- 7.6.2.1. Participant's Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Product Benchmarking
- 7.6.2.4. Recent Developments
- 7.6.3. APV GmbH
- 7.6.3.1. Participant's Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Product Benchmarking
- 7.6.3.4. Recent Developments
- 7.6.4. Bellota Agrisolutions
- 7.6.4.1. Participant's Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Product Benchmarking
- 7.6.4.4. Recent Developments
- 7.6.5. CLAAS KGaAmbH
- 7.6.5.1. Participant's Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Product Benchmarking
- 7.6.5.4. Recent Developments
- 7.6.6. CNH Industrial N.V.
- 7.6.6.1. Participant's Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Product Benchmarking
- 7.6.6.4. Recent Developments
- 7.6.7. Deere & Company
- 7.6.7.1. Participant's Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Product Benchmarking
- 7.6.7.4. Recent Developments
- 7.6.8. Escorts Limited
- 7.6.8.1. Participant's Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Product Benchmarking
- 7.6.8.4. Recent Developments
- 7.6.9. HORSCH Maschinen GmbH
- 7.6.9.1. Participant's Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Product Benchmarking
- 7.6.9.4. Recent Developments
- 7.6.10. ISEKI & Co., Ltd.
- 7.6.10.1. Participant's Overview
- 7.6.10.2. Financial Performance
- 7.6.10.3. Product Benchmarking
- 7.6.10.4. Recent Developments
- 7.6.11. Quivogne CEE GmbH (Kiwon RUS LLC)
- 7.6.11.1. Participant's Overview
- 7.6.11.2. Financial Performance
- 7.6.11.3. Product Benchmarking
- 7.6.11.4. Recent Developments
- 7.6.12. Rostselmash
- 7.6.12.1. Participant's Overview
- 7.6.12.2. Financial Performance
- 7.6.12.3. Product Benchmarking
- 7.6.12.4. Recent Developments
- 7.6.13. KRUKOWIAK
- 7.6.13.1. Participant's Overview
- 7.6.13.2. Financial Performance
- 7.6.13.3. Product Benchmarking
- 7.6.13.4. Recent Developments
- 7.6.14. KUBOTA Corporation
- 7.6.14.1. Participant's Overview
- 7.6.14.2. Financial Performance
- 7.6.14.3. Product Benchmarking
- 7.6.14.4. Recent Developments
- 7.6.15. KUHN SAS
- 7.6.15.1. Participant's Overview
- 7.6.15.2. Financial Performance
- 7.6.15.3. Product Benchmarking
- 7.6.15.4. Recent Developments
- 7.6.16. LEMKEN GmbH & Co. KG
- 7.6.16.1. Participant's Overview
- 7.6.16.2. Financial Performance
- 7.6.16.3. Product Benchmarking
- 7.6.16.4. Recent Developments
- 7.6.17. Mahindra & Mahindra Ltd.
- 7.6.17.1. Participant's Overview
- 7.6.17.2. Financial Performance
- 7.6.17.3. Product Benchmarking
- 7.6.17.4. Recent Developments
- 7.6.18. MascarSpA
- 7.6.18.1. Participant's Overview
- 7.6.18.2. Financial Performance
- 7.6.18.3. Product Benchmarking
- 7.6.18.4. Recent Developments
- 7.6.19. MaschioGaspardo S.p.A
- 7.6.19.1. Participant's Overview
- 7.6.19.2. Financial Performance
- 7.6.19.3. Product Benchmarking
- 7.6.19.4. Recent Developments
- 7.6.20. Morris Equipment Ltd
- 7.6.20.1. Participant's Overview
- 7.6.20.2. Financial Performance
- 7.6.20.3. Product Benchmarking
- 7.6.20.4. Recent Developments
- 7.6.21. SDF S.p.A.
- 7.6.21.1. Participant's Overview
- 7.6.21.2. Financial Performance
- 7.6.21.3. Product Benchmarking
- 7.6.21.4. Recent Developments
- 7.6.22. Tractors and Farm Equipment Limited (TAFE)
- 7.6.22.1. Participant's Overview
- 7.6.22.2. Financial Performance
- 7.6.22.3. Product Benchmarking
- 7.6.22.4. Recent Developments
- 7.6.23. Vaderstad AB
- 7.6.23.1. Participant's Overview
- 7.6.23.2. Financial Performance
- 7.6.23.3. Product Benchmarking
- 7.6.23.4. Recent Developments
- 7.6.24. Valmont Industries, Inc.
- 7.6.24.1. Participant's Overview
- 7.6.24.2. Financial Performance
- 7.6.24.3. Product Benchmarking
- 7.6.24.4. Recent Developments
- 7.6.25. MaterMacc S.p.A
- 7.6.25.1. Participant's Overview
- 7.6.25.2. Financial Performance
- 7.6.25.3. Product Benchmarking
- 7.6.25.4. Recent Developments