Farm Equipment Market Analysis, Growth, Demand and Future Outlook Till 2034
Global Farm Equipment Market, Size, Trends Analysis- By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: AGRI2507 | Pages: 1 - 250 | Formats*: |
| Category : Agriculture | |||
Global Farm Equipment Market Introduction and Overview
According to SPER Market Research, the Global Farm Equipment Market is estimated to reach USD 296.42 billion by 2034 with a CAGR of 5.53%.
The report includes an in-depth analysis of the Global Farm Equipment Market, including market size and trends, product mix, Applications, and supplier analysis. The Farm Equipment Market was valued at USD 173.04 billion in 2024 and is expected to grow at a CAGR of 5.53% from 2025 to 2034. Increasing mechanisation in the agriculture sector, combined with an increase in farmer income, is predicted to be a key driver of growth. Favourable meteorological circumstances for food production, as well as government support in the form of loan forgiveness plans for farmers of all income levels, are expected to boost market growth. Technologically advanced agricultural robotics, such as autonomous tractors and flying drones to help farmers produce food at low costs to fulfil the growing demand for food, are anticipated to be better prospects for market growth over the forecast period.
By Product Insights
The tractor segment dominates the agricultural machinery market, driven by labour constraints and a growing worldwide population, which have made tractors indispensable for increasing agricultural production. The promotion of agricultural mechanisation and the growing acceptance of precision farming, notably in Asia Pacific and Latin America, have increased demand. The introduction of electric tractors presents a substantial growth opportunity due to their low cost, environmental friendliness, and great efficiency.
By Application Insights
The land development and seedbed preparation segment are predicted to grow significantly over the projection period. This sector comprises tractors, levellers, and other agricultural implements. The demand for agricultural tractors is increasing due to several factors, including the rising demand for food, which drives the mechanisation of farm activities, the availability of technologically advanced machinery, and the labour shortage caused by urbanisation, which prompts farmers to adopt mechanised solutions. These factors are projected to help to the overall growth of the agricultural machinery market.
Regional Insights
North America is predicted to have consistent growth in the agricultural machinery market, owing to the abundance of big farmland, which has resulted in high demand for farm mechanisation. The region is also seeing an increase in the deployment of intelligent combine harvesters fitted with monitoring tools to improve farm production. Additional factors contributing to market growth include increasing labour costs, the integration of robotic systems and GPS technology in tractors and harvesters, rising demand for high-capacity machinery suitable for large-scale farming, and the growing popularity of self-propelled machines.
Market Competitive Landscape
The Farm Equipment Market is dominated by established players such AGCO Corporation, Fliegl Agro-Center GmbH, Agromaster; APV GmbH, Bellota Agrisolutions, CLAAS KGaA mbH, CNH Industrial N.V, Deere & Company, Escorts Limited, HORSCH Maschinen GmbH, ISEKI & Co, Ltd as well as several small and medium-sized companies. These company prioritises innovation, investing in high-powered tractors and cutting-edge harvesting equipment also, provides critical components such as transmissions, engines, and axles via a large network of overseas subsidiaries. These companies are dedicated to increasing farm mechanisation through technological innovation and a diverse product portfolio.
Recent Developments:
In April 2023, HORSCH announced the start of its new facility in Curitiba, Brazil. The plant features a single grain seed drill assembly line and a tillage machine line, as well as a crop care technology development facility.
In February 2023, Kubota Corporation acquired a stake in Chouette. Chouette uses AI technology to analyse camera-captured photos to assess tree vigour and illnesses, and it develops the appropriate spray volume using amazing algorithms.
In April 2023, AGCO Corporation announced a strategic agreement with Hexagon to expand factory-fit and aftermarket guidance offerings. The novel guidance system was intended to be commercialised as Fuse Guide for Valtra and Massey Ferguson tractors.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Product, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | AGCO
Corporation, FlieglAgro-Center GmbH, APV GmbH, Bellota Agrisolutions, CLAAS
KGaA mbH, CNH Industrial N.V, Deere & Company, Escorts Limited, HORSCH
Maschinen GmbH, ISEKI & Co., Ltd. |
Key Topics Covered in the Report
- Global Farm Equipment Market Size (FY’2021-FY’2034)
- Overview of Global Farm Equipment Market
- Segmentation of Global Farm Equipment Market By Product (Tractors, Combine Harvesters, Forage Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment)
- Segmentation of Global Farm Equipment Market By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest &Agro processing)
- Statistical Snap of Global Farm Equipment Market
- Expansion Analysis of Global Farm Equipment Market
- Problems and Obstacles in Global Farm Equipment Market
- Competitive Landscape in the Global Farm Equipment Market
- Details on Current Investment in Global Farm Equipment Market
- Competitive Analysis of Global Farm Equipment Market
- Prominent Players in the Global Farm Equipment Market
- SWOT Analysis of Global Farm Equipment Market
- Global Farm Equipment Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3.Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4.Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Farm Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Farm Equipment Market
7. Global Farm Equipment Market, By Product (USD Million) 2021-2034
7.1. Tractors
7.2. Combine Harvesters
7.3. Forage Harvesters
7.4. Planting Equipment
7.5. Irrigation & Crop Processing Equipment
7.6. Spraying Equipment
8. Global Farm Equipment Market, By Application (USD Million) 2021-2034
8.1. Land Development & Seed Bed Preparation
8.2. Sowing & Planting
8.3. Weed Cultivation
8.4. Plant Protection
8.5. Harvesting & Threshing
8.6. Post-harvest &Argo-processing
9. Global Farm Equipment Market, (USD Million) 2021-2034
9.1. Global Farm Equipment Market Size and Market Share
10. Global Farm Equipment Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada
10.4.2. Mexico
10.4.3. United States
10.5. Latin America
10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America
11. Company Profile
11.1. AGCO Corporation
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. APV GmbH
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Bellota Agri solutions
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. CLAAS KGaAmbH
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5.CNH Industrial N.V
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Deere & Company
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Escorts Limited
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. FlieglAgro-Center GmbH
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. HORSCH Maschinen GmbH
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. ISEKI & Co., Ltd
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Farm Equipment Market is projected to reach USD 296.42 billion by 2034, growing at a CAGR of of 5.53% during the forecast period.
Farm Equipment Market grew in Market size from 2025. The Market is expected to reach USD 296.42 billion by 2034, at a CAGR of 5.53% during the forecast period.
Farm Equipment Market CAGR of 5.53% during the forecast period.
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Farm Equipment Market size is USD 296.42 billion from 2025 to 2034.
Farm Equipment Market is covered By Product, By Application
The North America is anticipated to have the highest Market share in the Farm Equipment Market.
AGCO Corporation, FlieglAgro-Center GmbH, APV GmbH, Bellota Agrisolutions, CLAAS KGaA mbH, CNH Industrial N.V, Deere & Company, Escorts Limited, HORSCH Maschinen GmbH, ISEKI & Co., Ltd.
The report includes an in-depth analysis of the Global Farm Equipment Market, including market size and trends, product mix, Applications, and supplier analysis.
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