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Agriculture Equipment Market Report by Equipment Type, Application, Sales Channel, and Region 2024-2032

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    Report

  • 138 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5947219
Description Jump to:
The global agriculture equipment market size reached US$ 173.9 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 255.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2023-2032.

Agriculture equipment is used for performing various tasks in farming, such as harvesting crops, spraying fields, seeding, tilling fields, breeding cows, and feeding livestock. It comprises mowers, backhoe, harrow, cultivator, rake, tractor, combine harvester, sprayers, chain saw, brush cutters, and sawmills. It enhances the efficiency and productivity of farming by minimizing human labor and reducing errors, physical shortcomings and wastage in agriculture. It assists in cultivating land by smoothing hillocks, filling in depressions and gullies, and removing deep-rooted weeds while preventing soil erosion. In addition, it reduces fodder area and enlarges crop area to produce food for human consumption.

Agriculture Equipment Market Trends:

At present, the growing awareness among farmers about the benefits of using agriculture equipment represents one of the key factors driving the market. Besides this, governments of several countries are promoting the usage of agriculture equipment by providing loan waiver schemes to farmers. They are also providing funds to farmers for adopting sustainable agriculture practices and enhancing productivity using machinery, which is contributing to the growth of the market. Moreover, the integration of technologically advanced agricultural robotics in farming, such as autonomous tractors and flying drones, to help farmers produce food at low costs is propelling the growth of the market. In addition, the growing demand for electric tractors to reduce air pollution and greenhouse gas emissions is offering a positive market outlook. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce self-propelled machines in farming. They are also focusing on various marketing strategies to expand their customer base. Additionally, the rising demand for enhanced machines with high-power to farm hard-to-access areas and handle a wide range of implements is bolstering the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global agriculture equipment market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on equipment type, application and sales channel.

Breakup by Equipment Type:

  • Agriculture Tractor
  • Harvesting Equipment
  • Irrigation and Crop Processing Equipment
  • Agriculture Spraying and Handling Equipment
  • Soil Preparation and Cultivation Equipment
  • Others

Breakup by Application:

  • Land Development
  • Threshing and Harvesting
  • Plant Protection
  • After Agro Processing

Breakup by Sales Channel:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being AGCO Corporation, Agromaster Agricultural Machinery, Argo Tractors S.p.A., Bellota Agrisolutions, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Escorts Limited, Iseki & Co. Ltd., JC Bamford Excavators Ltd., Kubota Corporation, Mahindra & Mahindra Limited and SDF Group.

Key Questions Answered in This Report

1. What was the size of the global agriculture equipment market in 2023?
2. What is the expected growth rate of the global agriculture equipment market during 2024-2032?
3. What are the key factors driving the global agriculture equipment market?
4. What has been the impact of COVID-19 on the global agriculture equipment market?
5. What is the breakup of the global agriculture equipment market based on the equipment type?
6. What is the breakup of the global agriculture equipment market based on the application?
7. What is the breakup of the global agriculture equipment market based on the sales channel?
8. What are the key regions in the global agriculture equipment market?
9. Who are the key players/companies in the global agriculture equipment market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Agriculture Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Equipment Type
6.1 Agriculture Tractor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Harvesting Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Irrigation and Crop Processing Equipment
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Agriculture Spraying and Handling Equipment
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Soil Preparation and Cultivation Equipment
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Land Development
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Threshing and Harvesting
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Plant Protection
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 After Agro Processing
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Sales Channel
8.1 Original Equipment Manufacturers (OEM)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AGCO Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Agromaster Agricultural Machinery
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Argo Tractors S.p.A.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Bellota Agrisolutions
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 China National Machinery Industry Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 CLAAS KGaA mbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 CNH Industrial N.V.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Deere & Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Escorts Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Iseki & Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 JC Bamford Excavators Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Kubota Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Mahindra & Mahindra Limited
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 SDF Group
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
List of Figures
Figure 1: Global: Agriculture Equipment Market: Major Drivers and Challenges
Figure 2: Global: Agriculture Equipment Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Agriculture Equipment Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Agriculture Equipment Market: Breakup by Equipment Type (in %), 2023
Figure 5: Global: Agriculture Equipment Market: Breakup by Application (in %), 2023
Figure 6: Global: Agriculture Equipment Market: Breakup by Sales Channel (in %), 2023
Figure 7: Global: Agriculture Equipment Market: Breakup by Region (in %), 2023
Figure 8: Global: Agriculture Equipment (Agriculture Tractor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Agriculture Equipment (Agriculture Tractor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Agriculture Equipment (Harvesting Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Agriculture Equipment (Harvesting Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Agriculture Equipment (Irrigation and Crop Processing Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Agriculture Equipment (Irrigation and Crop Processing Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Agriculture Equipment (Agriculture Spraying and Handling Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Agriculture Equipment (Agriculture Spraying and Handling Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Agriculture Equipment (Soil Preparation and Cultivation Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Agriculture Equipment (Soil Preparation and Cultivation Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Agriculture Equipment (Other Equipment Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Agriculture Equipment (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Agriculture Equipment (Land Development) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Agriculture Equipment (Land Development) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Agriculture Equipment (Threshing and Harvesting) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Agriculture Equipment (Threshing and Harvesting) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Agriculture Equipment (Plant Protection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Agriculture Equipment (Plant Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Agriculture Equipment (After Agro Processing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Agriculture Equipment (After Agro Processing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Agriculture Equipment (Original Equipment Manufacturers (OEM)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Agriculture Equipment (Original Equipment Manufacturers (OEM)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Agriculture Equipment (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Agriculture Equipment (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Agriculture Equipment Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Agriculture Equipment Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Agriculture Equipment Industry: SWOT Analysis
Figure 82: Global: Agriculture Equipment Industry: Value Chain Analysis
Figure 83: Global: Agriculture Equipment Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Agriculture Equipment Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Agriculture Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2024-2032
Table 3: Global: Agriculture Equipment Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Agriculture Equipment Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
Table 5: Global: Agriculture Equipment Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Agriculture Equipment Market: Competitive Structure
Table 7: Global: Agriculture Equipment Market: Key Players

Companies Mentioned

  • AGCO Corporation
  • Agromaster Agricultural Machinery
  • Argo Tractors S.p.A.
  • Bellota Agrisolutions
  • China National Machinery Industry Corporation
  • CLAAS KGaA mbH
  • CNH Industrial N.V.
  • Deere & Company
  • Escorts Limited
  • Iseki & Co. Ltd.
  • JC Bamford Excavators Ltd.
  • Kubota Corporation
  • Mahindra & Mahindra Limited and SDF Group

Methodology

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About the Agricultural Machinery and Equipment Market

The Agricultural Machinery and Equipment market is composed of companies that manufacture and distribute machinery and equipment used in the agricultural industry. This includes tractors, harvesters, irrigation systems, and other tools used to cultivate and harvest crops. The market also includes companies that provide services such as repair and maintenance of agricultural machinery and equipment. The market is highly competitive, with companies competing for market share by offering innovative products and services. Companies in the market are also investing in research and development to stay ahead of the competition. Some of the major players in the Agricultural Machinery and Equipment market include John Deere, AGCO Corporation, CNH Industrial, Kubota Corporation, and Mahindra & Mahindra. Show Less Read more

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