Global Agricultural and Farm Machinery Market Growth (Status and Outlook) 2025-2031
Description
According to this study, the global Agricultural and Farm Machinery market size will reach US$ 184920 million by 2031.
Agricultural and Farm Machinery encompasses a wide range of mechanical devices designed to aid in various farming operations. These machines are pivotal in enhancing productivity, reducing labor costs, and ensuring timely completion of agricultural tasks. The primary categories of Agricultural and Farm Machinery include tractors, harvesters, spraying equipment, planting equipment, hay and forage equipment, and other specialized tools. Tractors serve as the backbone of mechanized farming, providing the necessary power to operate various implements. Harvesters are essential for efficiently gathering crops, minimizing losses, and reducing the time required for harvesting. Spraying equipment ensures the effective application of pesticides and fertilizers, safeguarding crop health. Planting equipment facilitates precise sowing of seeds, optimizing crop yields. Hay and forage equipment is crucial for livestock farming, aiding in the collection and processing of feed.
The leading manufacturers include: John Deere, CNH Industrial (including Case IH and New Holland), Kubota, AGCO, Claas, etc. The top 5 companies account for about 50% of the market share.
The Agricultural and Farm Machinery market can be broadly categorized by function into tractors, harvesters, spraying equipment, planting equipment, hay and forage equipment, and other specialized machines. Among these, tractors represent the largest and most important category, commanding approximately 55% of the global Agricultural and Farm Machinery market. Tractors are the cornerstone of modern mechanized agriculture due to their high versatility, power, and adaptability to a range of field tasks. Harvesters, which support the efficient gathering of crops, are crucial in minimizing harvest loss and labor costs. Spraying equipment is used in crop protection, enabling precision application of pesticides and fertilizers. Planting equipment ensures accurate seed distribution and planting depth, which is key to improving yield. Hay and forage equipment is critical in livestock farming, supporting feed collection and processing.
In terms of application, Agricultural and Farm Machinery is primarily used in crop farming, forestry, and horticulture. Crop farming is by far the dominant segment, accounting for around 73% of global application share. This is driven by the large-scale cultivation of staple and cash crops, where mechanization has proven to significantly boost output and reduce the reliance on manual labor. Forestry applications include equipment for land clearing, logging, and timber transportation. Horticulture, including fruit and vegetable farming, increasingly utilizes compact, specialized machinery suitable for greenhouse and orchard operations.
Geographically, the Asia-Pacific region is the largest consumer market for Agricultural and Farm Machinery, contributing to approximately 44% of the global revenue. Countries such as China and India are key contributors to this demand, supported by large agricultural land bases, growing population, and active government initiatives aimed at agricultural modernization. The need to increase farm productivity, combined with policy-driven subsidies and mechanization programs, has accelerated the adoption of tractors, harvesters, and related equipment. As a result, the Asia-Pacific market continues to lead global demand, serving as a hub of both production and consumption.
Several key factors are driving the growth of the Agricultural and Farm Machinery market. The increasing global population requires higher food output, pushing farmers to invest in efficient technologies. A shrinking rural labor force and rising labor costs in many countries make mechanization a necessary alternative. Furthermore, Agricultural and Farm Machinery has benefited from the wave of digital transformation. Innovations such as GPS-guided tractors, drone-based spraying systems, automated harvesters, and AI-powered crop monitoring tools are enhancing productivity and reducing waste. Farmers are increasingly embracing precision agriculture techniques, and Agricultural and Farm Machinery plays an instrumental role in delivering these practices.
However, the market is not without its challenges. The high initial investment required for modern Agricultural and Farm Machinery can be a major barrier for small and marginal farmers. Even with government subsidies, affordability remains a key concern in many developing regions. Additionally, machinery requires skilled operation and regular maintenance, which is not always readily available in remote areas. Infrastructural issues such as fragmented land plots, poor road access, and lack of electricity further complicate machinery adoption, particularly for larger and more advanced equipment.
In conclusion, the global Agricultural and Farm Machinery market is set for continued expansion, driven by the need for food security, efficiency, and sustainability. The dominance of tractors and crop-related equipment is expected to persist, particularly in high-growth regions such as Asia-Pacific. To meet the evolving demands of the market, manufacturers must focus on producing cost-effective, adaptable, and technologically advanced equipment. Investments in local after-sales support, farmer training, and flexible financing options will also be critical to ensuring the widespread adoption of Agricultural and Farm Machinery. As the industry embraces smart farming technologies and sustainable solutions, Agricultural and Farm Machinery will remain a pillar of global food systems for decades to come.
LPI (LP Information)' newest research report, the “Agricultural and Farm Machinery Industry Forecast” looks at past sales and reviews total world Agricultural and Farm Machinery sales in 2024, providing a comprehensive analysis by region and market sector of projected Agricultural and Farm Machinery sales for 2025 through 2031. With Agricultural and Farm Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agricultural and Farm Machinery industry.
This Insight Report provides a comprehensive analysis of the global Agricultural and Farm Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Agricultural and Farm Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Agricultural and Farm Machinery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural and Farm Machinery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural and Farm Machinery.
This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural and Farm Machinery market by product type, application, key players and key regions and countries.
Segmentation by Type:
Tractors
Harvesters
Spraying Equipment
Planting Equipment
Hay & Forage Equipment
Others
Segmentation by Application:
Crops
Forestry
Horticulture
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
John Deere
CNH Industrial (Case IH and New Holland)
Kubota
AGCO
Claas
Mahindra
Yanmar
LOVOL
WORLD
SDF
JCB
YTO Group
Tractors and Farm Equipment (TAFE)
ISEKI
Exel Industries
Escorts Kubota
Wuzheng
Horsch Maschinen
Rostselmash
Dongfeng Farm
Lemken
Shandong Shifeng
Zoomlion
Please note: The report will take approximately 2 business days to prepare and deliver.
Agricultural and Farm Machinery encompasses a wide range of mechanical devices designed to aid in various farming operations. These machines are pivotal in enhancing productivity, reducing labor costs, and ensuring timely completion of agricultural tasks. The primary categories of Agricultural and Farm Machinery include tractors, harvesters, spraying equipment, planting equipment, hay and forage equipment, and other specialized tools. Tractors serve as the backbone of mechanized farming, providing the necessary power to operate various implements. Harvesters are essential for efficiently gathering crops, minimizing losses, and reducing the time required for harvesting. Spraying equipment ensures the effective application of pesticides and fertilizers, safeguarding crop health. Planting equipment facilitates precise sowing of seeds, optimizing crop yields. Hay and forage equipment is crucial for livestock farming, aiding in the collection and processing of feed.
The leading manufacturers include: John Deere, CNH Industrial (including Case IH and New Holland), Kubota, AGCO, Claas, etc. The top 5 companies account for about 50% of the market share.
The Agricultural and Farm Machinery market can be broadly categorized by function into tractors, harvesters, spraying equipment, planting equipment, hay and forage equipment, and other specialized machines. Among these, tractors represent the largest and most important category, commanding approximately 55% of the global Agricultural and Farm Machinery market. Tractors are the cornerstone of modern mechanized agriculture due to their high versatility, power, and adaptability to a range of field tasks. Harvesters, which support the efficient gathering of crops, are crucial in minimizing harvest loss and labor costs. Spraying equipment is used in crop protection, enabling precision application of pesticides and fertilizers. Planting equipment ensures accurate seed distribution and planting depth, which is key to improving yield. Hay and forage equipment is critical in livestock farming, supporting feed collection and processing.
In terms of application, Agricultural and Farm Machinery is primarily used in crop farming, forestry, and horticulture. Crop farming is by far the dominant segment, accounting for around 73% of global application share. This is driven by the large-scale cultivation of staple and cash crops, where mechanization has proven to significantly boost output and reduce the reliance on manual labor. Forestry applications include equipment for land clearing, logging, and timber transportation. Horticulture, including fruit and vegetable farming, increasingly utilizes compact, specialized machinery suitable for greenhouse and orchard operations.
Geographically, the Asia-Pacific region is the largest consumer market for Agricultural and Farm Machinery, contributing to approximately 44% of the global revenue. Countries such as China and India are key contributors to this demand, supported by large agricultural land bases, growing population, and active government initiatives aimed at agricultural modernization. The need to increase farm productivity, combined with policy-driven subsidies and mechanization programs, has accelerated the adoption of tractors, harvesters, and related equipment. As a result, the Asia-Pacific market continues to lead global demand, serving as a hub of both production and consumption.
Several key factors are driving the growth of the Agricultural and Farm Machinery market. The increasing global population requires higher food output, pushing farmers to invest in efficient technologies. A shrinking rural labor force and rising labor costs in many countries make mechanization a necessary alternative. Furthermore, Agricultural and Farm Machinery has benefited from the wave of digital transformation. Innovations such as GPS-guided tractors, drone-based spraying systems, automated harvesters, and AI-powered crop monitoring tools are enhancing productivity and reducing waste. Farmers are increasingly embracing precision agriculture techniques, and Agricultural and Farm Machinery plays an instrumental role in delivering these practices.
However, the market is not without its challenges. The high initial investment required for modern Agricultural and Farm Machinery can be a major barrier for small and marginal farmers. Even with government subsidies, affordability remains a key concern in many developing regions. Additionally, machinery requires skilled operation and regular maintenance, which is not always readily available in remote areas. Infrastructural issues such as fragmented land plots, poor road access, and lack of electricity further complicate machinery adoption, particularly for larger and more advanced equipment.
In conclusion, the global Agricultural and Farm Machinery market is set for continued expansion, driven by the need for food security, efficiency, and sustainability. The dominance of tractors and crop-related equipment is expected to persist, particularly in high-growth regions such as Asia-Pacific. To meet the evolving demands of the market, manufacturers must focus on producing cost-effective, adaptable, and technologically advanced equipment. Investments in local after-sales support, farmer training, and flexible financing options will also be critical to ensuring the widespread adoption of Agricultural and Farm Machinery. As the industry embraces smart farming technologies and sustainable solutions, Agricultural and Farm Machinery will remain a pillar of global food systems for decades to come.
LPI (LP Information)' newest research report, the “Agricultural and Farm Machinery Industry Forecast” looks at past sales and reviews total world Agricultural and Farm Machinery sales in 2024, providing a comprehensive analysis by region and market sector of projected Agricultural and Farm Machinery sales for 2025 through 2031. With Agricultural and Farm Machinery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agricultural and Farm Machinery industry.
This Insight Report provides a comprehensive analysis of the global Agricultural and Farm Machinery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Agricultural and Farm Machinery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Agricultural and Farm Machinery market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural and Farm Machinery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural and Farm Machinery.
This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural and Farm Machinery market by product type, application, key players and key regions and countries.
Segmentation by Type:
Tractors
Harvesters
Spraying Equipment
Planting Equipment
Hay & Forage Equipment
Others
Segmentation by Application:
Crops
Forestry
Horticulture
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
John Deere
CNH Industrial (Case IH and New Holland)
Kubota
AGCO
Claas
Mahindra
Yanmar
LOVOL
WORLD
SDF
JCB
YTO Group
Tractors and Farm Equipment (TAFE)
ISEKI
Exel Industries
Escorts Kubota
Wuzheng
Horsch Maschinen
Rostselmash
Dongfeng Farm
Lemken
Shandong Shifeng
Zoomlion
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
146 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Agricultural and Farm Machinery Market Size by Player
- 4 Agricultural and Farm Machinery by Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Global Agricultural and Farm Machinery Market Forecast
- 11 Key Players Analysis
- 12 Research Findings and Conclusion
Pricing
Currency Rates
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