Global Agricultural Machinery Market - Forecasts from 2025 to 2030
Description
Agricultural Machinery Market Size:
The Agricultural Machinery Market is anticipated to climb from USD 191.145 billion in 2025 to USD 246.859 billion by 2030, at a CAGR of 5.25%.
The agricultural machinery market is poised for significant growth in the coming years, driven by increasing global food security concerns, shrinking arable land, and the adoption of advanced machinery to enhance yield and efficiency. With a growing global and urban population, coupled with rising disposable incomes, the demand for high-quality food and efficient agricultural practices is escalating, creating substantial opportunities for market expansion through 2050.
Market Drivers
Food Security Imperatives
The rising focus on food security is a primary driver of the agricultural machinery market. Key factors such as population growth, climate change, water scarcity, and increasing disposable incomes are compelling governments and institutions worldwide to address food insecurity. The United Nations projects the global population to reach 9.1 billion by 2050, a 2.3 billion increase from 2009. Additionally, the demand for cereals for both human consumption and animal feed is expected to reach approximately 3 billion tonnes by 2050. The decline in arable land due to urbanization—coupled with limited water resources—necessitates improved productivity through advanced machinery. Mechanization is critical to reducing labor, boosting productivity, and ensuring crop security to meet escalating food demands. The United Nations Food and Agriculture Organization emphasizes that mechanization enhances cultivated land use, improves operational efficiency, and supports rural livelihoods, making it a cornerstone of modern agriculture.
Urbanization and Population Growth
By 2045, the global urban population is projected to surge to approximately 6 billion, a 1.5-fold increase from 2019, according to World Bank estimates. This urbanization trend is reducing available arable land, increasing the pressure on the agricultural sector to maximize output with limited resources. Advanced machinery enables farmers to optimize cultivation, harvesting, and other processes, minimizing waste and enhancing profitability. The growing demand for high-quality crops, driven by rising global agricultural trade, further underscores the need for innovative equipment to maintain competitiveness and meet consumer expectations.
Regional Insights
The Asia Pacific region is expected to experience exponential market growth, driven by rising incomes and supportive government policies. While historically reliant on manual labor, the region is increasingly adopting advanced machinery to improve efficiency. The legalization of cannabis in select regions is also contributing to market growth, as specialized machinery is employed for cannabis cultivation, further diversifying applications. In contrast, Western countries like the United States and Canada continue to lead in adopting cutting-edge agricultural technologies, setting a benchmark for productivity and innovation.
Market Outlook
The agricultural machinery market is set to thrive as global food security challenges intensify and urbanization accelerates. Investments in innovative equipment by major companies are enhancing mechanization, driving social and economic progress for farmers. The market’s trajectory through 2050 will hinge on the ability to deliver efficient, sustainable solutions that address shrinking arable land and rising food demands, positioning advanced machinery as a critical enabler of global agricultural resilience.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.
Market Segmentation:
By Type
Tractors
Harvesters
Shredders
Sprayers
Others
By Power Source
Electric
Conventional Fuel
By Farm Size
Small
Medium
Large
By Application
Irrigation
Soil Cultivation
Harvesting
Pest Control
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Taiwan
Others
The Agricultural Machinery Market is anticipated to climb from USD 191.145 billion in 2025 to USD 246.859 billion by 2030, at a CAGR of 5.25%.
The agricultural machinery market is poised for significant growth in the coming years, driven by increasing global food security concerns, shrinking arable land, and the adoption of advanced machinery to enhance yield and efficiency. With a growing global and urban population, coupled with rising disposable incomes, the demand for high-quality food and efficient agricultural practices is escalating, creating substantial opportunities for market expansion through 2050.
Market Drivers
Food Security Imperatives
The rising focus on food security is a primary driver of the agricultural machinery market. Key factors such as population growth, climate change, water scarcity, and increasing disposable incomes are compelling governments and institutions worldwide to address food insecurity. The United Nations projects the global population to reach 9.1 billion by 2050, a 2.3 billion increase from 2009. Additionally, the demand for cereals for both human consumption and animal feed is expected to reach approximately 3 billion tonnes by 2050. The decline in arable land due to urbanization—coupled with limited water resources—necessitates improved productivity through advanced machinery. Mechanization is critical to reducing labor, boosting productivity, and ensuring crop security to meet escalating food demands. The United Nations Food and Agriculture Organization emphasizes that mechanization enhances cultivated land use, improves operational efficiency, and supports rural livelihoods, making it a cornerstone of modern agriculture.
Urbanization and Population Growth
By 2045, the global urban population is projected to surge to approximately 6 billion, a 1.5-fold increase from 2019, according to World Bank estimates. This urbanization trend is reducing available arable land, increasing the pressure on the agricultural sector to maximize output with limited resources. Advanced machinery enables farmers to optimize cultivation, harvesting, and other processes, minimizing waste and enhancing profitability. The growing demand for high-quality crops, driven by rising global agricultural trade, further underscores the need for innovative equipment to maintain competitiveness and meet consumer expectations.
Regional Insights
The Asia Pacific region is expected to experience exponential market growth, driven by rising incomes and supportive government policies. While historically reliant on manual labor, the region is increasingly adopting advanced machinery to improve efficiency. The legalization of cannabis in select regions is also contributing to market growth, as specialized machinery is employed for cannabis cultivation, further diversifying applications. In contrast, Western countries like the United States and Canada continue to lead in adopting cutting-edge agricultural technologies, setting a benchmark for productivity and innovation.
Market Outlook
The agricultural machinery market is set to thrive as global food security challenges intensify and urbanization accelerates. Investments in innovative equipment by major companies are enhancing mechanization, driving social and economic progress for farmers. The market’s trajectory through 2050 will hinge on the ability to deliver efficient, sustainable solutions that address shrinking arable land and rising food demands, positioning advanced machinery as a critical enabler of global agricultural resilience.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others.
Market Segmentation:
By Type
Tractors
Harvesters
Shredders
Sprayers
Others
By Power Source
Electric
Conventional Fuel
By Farm Size
Small
Medium
Large
By Application
Irrigation
Soil Cultivation
Harvesting
Pest Control
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Taiwan
Others
Table of Contents
151 Pages
- 1. EXECUTIVE SUMMARY
- 2. MARKET SNAPSHOT
- 2.1. Market Overview
- 2.2. Market Definition
- 2.3. Scope of the Study
- 2.4. Market Segmentation
- 3. BUSINESS LANDSCAPE
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Porter’s Five Forces Analysis
- 3.5. Industry Value Chain Analysis
- 3.6. Policies and Regulations
- 3.7. Strategic Recommendations
- 4. TECHNOLOGICAL OUTLOOK
- 5. GLOBAL AGRICULTURE MACHINES MARKET BY TYPE
- 5.
- 1. Introduction
- 5.2. Tractors
- 5.3. Harvesters
- 5.4. Shredders
- 5.5. Sprayers
- 5.6. Others
- 6. GLOBAL AGRICULTURE MACHINES MARKET BY POWER SOURCE
- 6.
- 1. Introduction
- 6.2. Electric
- 6.3. Conventional Fuel
- 7. GLOBAL AGRICULTURE MACHINES MARKET BY FARM SIZE
- 7.
- 1. Introduction
- 7.2. Small
- 7.3. Medium
- 7.4. Large
- 8. GLOBAL AGRICULTURE MACHINES MARKET BY APPLICATION
- 8.
- 1. Introduction
- 8.2. Irrigation
- 8.3. Soil Cultivation
- 8.4. Harvesting
- 8.5. Pest Control
- 8.6. Others
- 9. GLOBAL AGRICULTURE MACHINES MARKET BY GEOGRAPHY
- 9.
- 1. Introduction
- 9.2. North America
- 9.2.1. By Type
- 9.2.2. By Power Source
- 9.2.3. By Farm Size
- 9.2.4. By Application
- 9.2.5. By Country
- 9.2.5.1. USA
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. South America
- 9.3.1. By Type
- 9.3.2. By Power Source
- 9.3.3. By Farm Size
- 9.3.4. By Application
- 9.3.5. By Country
- 9.3.5.1. Brazil
- 9.3.5.2. Argentina
- 9.3.5.3. Others
- 9.4. Europe
- 9.4.1. By Type
- 9.4.2. By Power Source
- 9.4.3. By Farm Size
- 9.4.4. By Application
- 9.4.5. By Country
- 9.4.5.1. Germany
- 9.4.5.2. France
- 9.4.5.3. United Kingdom
- 9.4.5.4. Italy
- 9.4.5.5. Spain
- 9.4.5.6. Others
- 9.5. Middle East and Africa
- 9.5.1. By Type
- 9.5.2. By Power Source
- 9.5.3. By Farm Size
- 9.5.4. By Application
- 9.5.5. By Country
- 9.5.5.1. Saudi Arabia
- 9.5.5.2. UAE
- 9.5.5.3. Israel
- 9.5.5.4. Others
- 9.6. Asia Pacific
- 9.6.1. By Type
- 9.6.2. By Power Source
- 9.6.3. By Farm Size
- 9.6.4. By Application
- 9.6.5. By Country
- 9.6.5.1. China
- 9.6.5.2. India
- 9.6.5.3. Japan
- 9.6.5.4. South Korea
- 9.6.5.5. Indonesia
- 9.6.5.6. Thailand
- 9.6.5.7. Taiwan
- 9.6.5.8. Others
- 10. COMPETITIVE ENVIRONMENT AND ANALYSIS
- 10.1. Major Players and Strategy Analysis
- 10.2. Market Share Analysis
- 10.3. Mergers, Acquisitions, Agreements, and Collaborations
- 10.4. Competitive Dashboard
- 11. COMPANY PROFILES
- 11.1. AGCO Corporation
- 11.2. CLAAS KGaA mbH
- 11.3. Deere & Company
- 11.4. Kubota Corporation
- 11.5. Mahindra & Mahindra Ltd.
- 11.6. Kvernland Group
- 11.7. Amalgamations Group
- 11.8. CNH Industrial N.V
- 11.9. SDF Group
- 11.10. Yanmar Holdings Co., Ltd.
- 12. APPENDIX
- 12.1. Currency
- 12.2. Assumptions
- 12.3. Base and Forecast Years Timeline
- 12.4. Key benefits for the stakeholders
- 12.5. Research Methodology
- 12.6. Abbreviations
- LIST OF FIGURES
- LIST OF TABLES
Pricing
Currency Rates
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