The Global Farm Equipment Market was valued at USD 186.9 billion in 2025 and is estimated to grow at a CAGR of 6.5% to reach USD 350.9 billion by 2035.
This steady momentum reflects the rapid evolution of modern agriculture, which is being shaped by mechanization, rising food demand, and technological breakthroughs. The market spans a broad spectrum of tools and machinery engineered to increase farm productivity, reduce reliance on labor, and streamline operations across crop cultivation, livestock management, and horticulture. Equipment ranges from traditional tractors and combine harvesters to next-generation automated systems powered by sensors, artificial intelligence, and guided navigation. Precision farming solutions, including GPS-enabled machinery, advanced sensors, and drones, are reshaping field management by improving input utilization and enabling data-driven decisions. These technologies support variable-rate applications, real-time monitoring, and optimized resource allocation, helping farmers improve yields while reducing input costs by 15-20%. Growing emphasis on sustainable farming and increased mechanization across developing regions continues to reinforce industry expansion.
The farm tractors segment generated USD 54.3 billion in 2024 and is projected to grow at a CAGR of 5.3% during 2025-2034. Demand for compact and utility tractors remains strong, particularly among small and medium-sized farms. Financial incentives and subsidies designed to promote agricultural modernization are further elevating adoption rates in this category.
The diesel-powered equipment segment is anticipated to grow at a CAGR of 6.7% through 2035. Diesel machinery continues to be preferred for its durability, resilience under heavy workloads, and widespread availability. However, rising fuel prices and stricter emissions regulations are prompting manufacturers to enhance efficiency and develop cleaner alternatives.
United States Farm Equipment Market held an 80% share and generated USD 20.6 billion in 2025. The U.S. market benefits from rapid advancements in technology, strong uptake of precision agriculture, and increasing demand for high-performance machinery capable of handling diverse farm operations. Enhanced awareness regarding reducing post-harvest losses and improving operational speed is supporting growth in harvesting machinery, while heightened attention on sustainable water management is boosting demand for advanced irrigation systems.
Key players in the Global Farm Equipment Market include John Deere, SDF Group, CLAAS, AGCO Corporation, Yanmar, KUHN, CNH Industrial, Mahindra & Mahindra, Deutz-Fahr, JCB, Vermeer Corporation, Kubota Corporation, Bomet, and FMWORLD Agricultural Machinery. Companies competing in the Farm Equipment Market are adopting multiple strategies to strengthen their market position. Leading manufacturers are heavily investing in precision farming solutions, automation, and smart machinery to improve productivity and sustainability. Expanding product lines across various horsepower segments and machinery categories allows brands to serve diverse farm sizes and operational needs. Collaborations with technology partners, digital platform development, and integration of telematics enhance equipment monitoring and performance analytics for customers. Companies are also focusing on regional expansion through distribution networks, localized manufacturing, and after-sales service programs.
This product will be delivered within 2-4 business days.
This steady momentum reflects the rapid evolution of modern agriculture, which is being shaped by mechanization, rising food demand, and technological breakthroughs. The market spans a broad spectrum of tools and machinery engineered to increase farm productivity, reduce reliance on labor, and streamline operations across crop cultivation, livestock management, and horticulture. Equipment ranges from traditional tractors and combine harvesters to next-generation automated systems powered by sensors, artificial intelligence, and guided navigation. Precision farming solutions, including GPS-enabled machinery, advanced sensors, and drones, are reshaping field management by improving input utilization and enabling data-driven decisions. These technologies support variable-rate applications, real-time monitoring, and optimized resource allocation, helping farmers improve yields while reducing input costs by 15-20%. Growing emphasis on sustainable farming and increased mechanization across developing regions continues to reinforce industry expansion.
The farm tractors segment generated USD 54.3 billion in 2024 and is projected to grow at a CAGR of 5.3% during 2025-2034. Demand for compact and utility tractors remains strong, particularly among small and medium-sized farms. Financial incentives and subsidies designed to promote agricultural modernization are further elevating adoption rates in this category.
The diesel-powered equipment segment is anticipated to grow at a CAGR of 6.7% through 2035. Diesel machinery continues to be preferred for its durability, resilience under heavy workloads, and widespread availability. However, rising fuel prices and stricter emissions regulations are prompting manufacturers to enhance efficiency and develop cleaner alternatives.
United States Farm Equipment Market held an 80% share and generated USD 20.6 billion in 2025. The U.S. market benefits from rapid advancements in technology, strong uptake of precision agriculture, and increasing demand for high-performance machinery capable of handling diverse farm operations. Enhanced awareness regarding reducing post-harvest losses and improving operational speed is supporting growth in harvesting machinery, while heightened attention on sustainable water management is boosting demand for advanced irrigation systems.
Key players in the Global Farm Equipment Market include John Deere, SDF Group, CLAAS, AGCO Corporation, Yanmar, KUHN, CNH Industrial, Mahindra & Mahindra, Deutz-Fahr, JCB, Vermeer Corporation, Kubota Corporation, Bomet, and FMWORLD Agricultural Machinery. Companies competing in the Farm Equipment Market are adopting multiple strategies to strengthen their market position. Leading manufacturers are heavily investing in precision farming solutions, automation, and smart machinery to improve productivity and sustainability. Expanding product lines across various horsepower segments and machinery categories allows brands to serve diverse farm sizes and operational needs. Collaborations with technology partners, digital platform development, and integration of telematics enhance equipment monitoring and performance analytics for customers. Companies are also focusing on regional expansion through distribution networks, localized manufacturing, and after-sales service programs.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
This product will be delivered within 2-4 business days.
Table of Contents
Chapter 1 Methodology and scope
Chapter 2 Executive summary
Chapter 3 Industry insights
Chapter 4 Competitive landscape, 2024
Chapter 5 Market Estimates & Forecast, by Equipment Type, 2022-2035 ($Billion, Thousand Units)
Chapter 6 Market Estimates & Forecast, by Mode of Operation, 2022-2035 ($Billion, Thousand Units)
Chapter 7 Market Estimates & Forecast, by Power Source, 2022-2035 ($Billion, Thousand Units)
Chapter 8 Market Estimates & Forecast, by Application, 2022-2035 ($Billion, Thousand Units)
Chapter 9 Market Estimates & Forecast, by End Use, 2022-2035 ($Billion, Thousand Units)
Chapter 10 Market Estimates & Forecast, by Distribution Channel, 2022-2035 ($Billion, Thousand Units)
Chapter 11 Market Estimates & Forecast, by Region, 2022-2035 ($Billion, Thousand Units)
Chapter 12 Company Profiles
Companies Mentioned
The companies profiled in this Farm Equipment market report include:- AGCO Corporation
- Bomet
- CLAAS
- CNH Industrial
- Deutz-Fahr
- FMWORLD Agricultural Machinery
- JCB
- John Deere
- Kubota Corporation
- KUHN
- Mahindra & Mahindra
- SDF Group
- Vermeer Corporation
- Yanmar
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 201 |
| Published | December 2025 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 186.9 Billion |
| Forecasted Market Value ( USD | $ 350.9 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
