Agriculture Equipment Finance Market Report 2026

The agriculture equipment finance market size has grown strongly in recent years. It will grow from $188.01 billion in 2025 to $200.85 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing mechanization of agriculture operations, rising capital requirements for modern farm equipment, expansion of organized farming activities, growth in rural banking networks, availability of government-backed loan programs.

The agriculture equipment finance market size is expected to see strong growth in the next few years. It will grow to $258.13 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing adoption of fintech-driven agricultural finance, rising demand for sustainable equipment financing, expansion of precision farming investments, growing focus on credit access for smallholders, increasing digitalization of rural financial services. Major trends in the forecast period include increasing adoption of digital lending platforms, rising demand for equipment leasing solutions, growing integration of ai-based credit assessment tools, expansion of flexible repayment financing models, enhanced focus on farmer-centric financial products.

The rising agricultural productivity is expected to support the growth of the agriculture equipment finance market in the coming years. Agricultural productivity refers to the efficiency with which inputs such as labor and capital are used to produce outputs including crops and livestock. Increasing agricultural productivity is being driven by technological advancements, improved farming practices, and enhanced crop management techniques, resulting in higher yields and more efficient resource utilization. Agriculture equipment finance assists farmers by providing access to advanced machinery and technologies, enabling them to improve operational efficiency, boost crop yields, and optimize the use of resources. For example, in December 2024, according to the Food and Agriculture Organization (FAO), an Italy-based government agency, global wheat exports reached 199.1 million tonnes in 2023, reflecting an increase of 8.1 million tonnes compared to 2022. Therefore, rising agricultural productivity is expected to drive the growth of the agriculture equipment finance market.

Key participants in the agriculture equipment finance market are increasingly focused on developing digital agriculture financing products to deliver tailored financial solutions that enhance farmers’ operational efficiency. Digital agriculture financing products are innovative solutions that use digital technologies to simplify loan applications, approvals, and management processes, offering farmers accessible, efficient, and customized financing options for their agricultural requirements. For instance, in June 2024, Bank Alfalah Limited, a Pakistan-based private bank, launched a Digital Agriculture Financing product designed to empower small-scale farmers and agricultural entrepreneurs. This initiative enables customers to access dairy and equipment financing through a streamlined digital process, marking an important development in Pakistan’s financial ecosystem. The product provides subsidized financing at a rate of 2%, helping potential farmers establish sustainable income sources and contribute to national economic development.

In October 2024, BNP Paribas Leasing Solutions, the France-based leasing and financing arm of BNP Paribas, renewed its long-term retail financing partnership with CNH Industrial N.V. and Iveco Group N.V. to continue offering customized retail financing and leasing solutions for equipment and commercial vehicle customers across Europe. Through this renewed partnership, the companies aim to deliver flexible financing and leasing options, including loans, rental services, and insurance, to retail customers across nine European countries. CNH Industrial N.V. is a UK-based manufacturer of agricultural and construction equipment, while Iveco Group N.V. is an Italy-based automotive company specializing in commercial and specialty vehicles, powertrains, and financial services.

Major companies operating in the agriculture equipment finance market are JPMorgan Chase & Co., Agricultural Bank of China Limited, Wells Fargo & Company, Citigroup Inc., Deere & Company, BNP Paribas S.A., Barclays PLC, State Bank of India, Standard Chartered PLC, HDFC Bank Limited, ICICI Bank Limited, Commonwealth Bank of Australia, BlackRock Inc., Mahindra & Mahindra Limited, Rabobank Group, AGCO Corporation, Australia and New Zealand Banking Group Limited, National Australia Bank Limited, Adani Group, KeyCorp, IndusInd Bank Limited, IDFC FIRST Bank Limited, L&T Finance, Envision Capital Group, Argo Tractors S.p.A.

Asia-Pacific was the largest region in the agriculture equipment finance market in 2025. The regions covered in the agriculture equipment finance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the agriculture equipment finance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The agriculture equipment finance market includes revenues earned by entities through hire purchase agreements, equipment rental, balloon payment loans, and agricultural equipment insurance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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