Agriculture Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Agriculture Equipment Market
The agriculture equipment market size was valued at USD 169.18 billion in 2022, and the market is now projected to grow from USD 180.81 billion in 2023 to USD 296.61 billion by 2030, exhibiting a CAGR of 7.3% during the forecast period of 2023-2030.
The COVID-19 pandemic extensively disrupted the global agricultural area, causing unstable costs of vital agro commodities and negatively impacting hard work-in depth agriculture countries like India and China. This downturn affected the broader agricultural economy. However, the publish-pandemic supply-demand hole in the fossil gas enterprise has pushed up ethanol call for. Additionally, the growing adoption of (loT) automation and integration of wireless device fashions into product portfolios have fostered a positive environment for market increase.
The growing adoption of semi-computerized and automatic machines for planting and fertilizing has appreciably raised the call for superior system globally. Self-propelled spreaders and sprayers decorate performance, permitting quicker operations across big areas. These agricultural machines make certain even distribution of fertilizers and vitamins, decreasing average operation expenses and time even as improving crop yields.
With the worldwide population developing, the agriculture industry is poised for exponential increase inside the coming years to satisfy the excessive call for food. Agricultural producers and farmers are increasingly more adopting Internet of Things (IoT) technology to decorate crop yields, main to more green and efficient farming practices. This integration of superior technology is predicted to reinforce the rural financial system international. Additionally, the implementation of clever farming device contributes to sustainable farming practices, in addition supporting market growth.
Comprehensive Analysis of Agriculture Equipment Market
The agriculture equipment market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by equipment type analysis and by application analysis. By equipment type analysis include, agriculture tractors, harvesting equipment, irrigation & crop processing equipment, agriculture spraying & handling equipment, soil preparation & cultivation equipment, and others. By application analysis include, land development, threshing and harvesting, plant protection, and after agro processing.
The Asia Pacific region lead the agriculture equipment market share by benefitting a market size of USD 64.72billion in 2023 due to development across the market is owing to the economic stability and growth
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, AGCO Corporation (U.S.), Alamo Group Inc. (U.S.), China National Machinery Industry Corporation (China), CNH Industrial N.V. (U.K.), CLAAS KGaA GmbH (Japan), Deere & Company (U.S.), Kubota Corporation (Japan), Mahindra & Mahindra (India), SDF S.p.A. (Italy), Valmont Industries Inc. (U.S.)., these market players provide a level-playing competitive landscape.
In April 2023, H&R Agri Power acquired Kubota’s dealership in McMinnville, Tennessee, marking its 20th and 7th most important locations, broadening its market and consumer base with expanded dealership networks and diverse product offerings.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 7.3% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Equipment Type, Application, and Region
By Equipment Type Agriculture Tractors
Harvesting Equipment
Irrigation & Crop Processing Equipment
Agriculture Spraying & Handling Equipment
Soil Preparation & Cultivation Equipment
Others (Hay & Forage Equipment, Trailers)
By Application Land Development
Threshing and Harvesting
Plant Protection
After Agro Processing
By Region North America (By Equipment Type, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Equipment Type, Application, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Belgium (By Application)
- Russia (By Application)
- Rest of Europe
Asia Pacific (By Equipment Type, Application, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific
Middle East & Africa (By Equipment Type, Application, and Country)
- South Africa (By Application)
- GCC Countries (By Application)
- Rest of Middle East and Africa
Latin America (By Equipment Type, Application, and Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities, and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Agriculture Equipment Key Players Market Share/Ranking, 2022
- 5. Global Agriculture Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 5.1. Key Findings
- 5.2. By Type (USD)
- 5.2.1. Agriculture Tractors
- 5.2.2. Harvesting Equipment
- 5.2.3. Irrigation & Crop Processing Equipment
- 5.2.4. Agriculture Spraying & Handling Equipment
- 5.2.5. Soil Preparation & Cultivation Equipment
- 5.2.6. Others (Hay & Forage Equipment, Trailers)
- 5.3. By Application (USD)
- 5.3.1. Land Development
- 5.3.2. Threshing and Harvesting
- 5.3.3. Plant Protection
- 5.3.4. After Agro Processing
- 5.4. By Country (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. Latin America
- 6. North America Agriculture Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 6.1. Key Findings
- 6.2. By Type (USD)
- 6.2.1. Agriculture Tractors
- 6.2.2. Harvesting Equipment
- 6.2.3. Irrigation & Crop Processing Equipment
- 6.2.4. Agriculture Spraying & Handling Equipment
- 6.2.5. Soil Preparation & Cultivation Equipment
- 6.2.6. Others (Hay & Forage Equipment, Trailers)
- 6.3. By Application (USD)
- 6.3.1. Land Development
- 6.3.2. Threshing and Harvesting
- 6.3.3. Plant Protection
- 6.3.4. After Agro Processing
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Application (USD)
- 6.4.1.1.1. Land Development
- 6.4.1.1.2. Threshing and Harvesting
- 6.4.1.1.3. Plant Protection
- 6.4.1.1.4. After Agro Processing
- 6.4.2. Canada
- 6.4.2.1. By Application (USD)
- 6.4.2.1.1. Land Development
- 6.4.2.1.2. Threshing and Harvesting
- 6.4.2.1.3. Plant Protection
- 6.4.2.1.4. After Agro Processing
- 7. Europe Agriculture Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 7.1. Key Findings
- 7.2. By Type (USD)
- 7.2.1. Agriculture Tractors
- 7.2.2. Harvesting Equipment
- 7.2.3. Irrigation & Crop Processing Equipment
- 7.2.4. Agriculture Spraying & Handling Equipment
- 7.2.5. Soil Preparation & Cultivation Equipment
- 7.2.6. Others (Hay & Forage Equipment, Trailers)
- 7.3. By Application (USD)
- 7.3.1. Land Development
- 7.3.2. Threshing and Harvesting
- 7.3.3. Plant Protection
- 7.3.4. After Agro Processing
- 7.4. By Country (USD)
- 7.4.1. United Kingdom
- 7.4.1.1. By Application (USD)
- 7.4.1.1.1. Land Development
- 7.4.1.1.2. Threshing and Harvesting
- 7.4.1.1.3. Plant Protection
- 7.4.1.1.4. After Agro Processing
- 7.4.2. Germany
- 7.4.2.1. By Application (USD)
- 7.4.2.1.1. Land Development
- 7.4.2.1.2. Threshing and Harvesting
- 7.4.2.1.3. Plant Protection
- 7.4.2.1.4. After Agro Processing
- 7.4.3. France
- 7.4.3.1. By Application (USD)
- 7.4.3.1.1. Land Development
- 7.4.3.1.2. Threshing and Harvesting
- 7.4.3.1.3. Plant Protection
- 7.4.3.1.4. After Agro Processing
- 7.4.4. Italy
- 7.4.4.1. By Application (USD)
- 7.4.4.1.1. Land Development
- 7.4.4.1.2. Threshing and Harvesting
- 7.4.4.1.3. Plant Protection
- 7.4.4.1.4. After Agro Processing
- 7.4.5. Spain
- 7.4.5.1. By Application (USD)
- 7.4.5.1.1. Land Development
- 7.4.5.1.2. Threshing and Harvesting
- 7.4.5.1.3. Plant Protection
- 7.4.5.1.4. After Agro Processing
- 7.4.6. Belgium
- 7.4.6.1. By Application (USD)
- 7.4.6.1.1. Land Development
- 7.4.6.1.2. Threshing and Harvesting
- 7.4.6.1.3. Plant Protection
- 7.4.6.1.4. After Agro Processing
- 7.4.7. Russia
- 7.4.7.1. By Application (USD)
- 7.4.7.1.1. Land Development
- 7.4.7.1.2. Threshing and Harvesting
- 7.4.7.1.3. Plant Protection
- 7.4.7.1.4. After Agro Processing
- 7.4.8. Rest of Europe
- 8. Asia Pacific Agriculture Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 8.1. Key Findings
- 8.2. By Type (USD)
- 8.2.1. Agriculture Tractors
- 8.2.2. Harvesting Equipment
- 8.2.3. Irrigation & Crop Processing Equipment
- 8.2.4. Agriculture Spraying & Handling Equipment
- 8.2.5. Soil Preparation & Cultivation Equipment
- 8.2.6. Others (Hay & Forage Equipment, Trailers)
- 8.3. By Application (USD)
- 8.3.1. Land Development
- 8.3.2. Threshing and Harvesting
- 8.3.3. Plant Protection
- 8.3.4. After Agro Processing
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Application (USD)
- 8.4.1.1.1. Land Development
- 8.4.1.1.2. Threshing and Harvesting
- 8.4.1.1.3. Plant Protection
- 8.4.1.1.4. After Agro Processing
- 8.4.2. Japan
- 8.4.2.1. By Application (USD)
- 8.4.2.1.1. Land Development
- 8.4.2.1.2. Threshing and Harvesting
- 8.4.2.1.3. Plant Protection
- 8.4.2.1.4. After Agro Processing
- 8.4.3. India
- 8.4.3.1. By Application (USD)
- 8.4.3.1.1. Land Development
- 8.4.3.1.2. Threshing and Harvesting
- 8.4.3.1.3. Plant Protection
- 8.4.3.1.4. After Agro Processing
- 8.4.4. Southeast Asia
- 8.4.4.1. By Application (USD)
- 8.4.4.1.1. Land Development
- 8.4.4.1.2. Threshing and Harvesting
- 8.4.4.1.3. Plant Protection
- 8.4.4.1.4. After Agro Processing
- 8.4.5. Rest of Asia Pacific
- 9. Middle East & Africa Agriculture Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 9.1. Key Findings
- 9.2. By Type (USD)
- 9.2.1. Agriculture Tractors
- 9.2.2. Harvesting Equipment
- 9.2.3. Irrigation & Crop Processing Equipment
- 9.2.4. Agriculture Spraying & Handling Equipment
- 9.2.5. Soil Preparation & Cultivation Equipment
- 9.2.6. Others (Hay & Forage Equipment, Trailers)
- 9.3. By Application (USD)
- 9.3.1. Land Development
- 9.3.2. Threshing and Harvesting
- 9.3.3. Plant Protection
- 9.3.4. After Agro Processing
- 9.4. By Country (USD)
- 9.4.1. GCC
- 9.4.1.1. By Application (USD)
- 9.4.1.1.1. Land Development
- 9.4.1.1.2. Threshing and Harvesting
- 9.4.1.1.3. Plant Protection
- 9.4.1.1.4. After Agro Processing
- 9.4.2. South Africa
- 9.4.2.1. By Application (USD)
- 9.4.2.1.1. Land Development
- 9.4.2.1.2. Threshing and Harvesting
- 9.4.2.1.3. Plant Protection
- 9.4.2.1.4. After Agro Processing
- 9.4.3. Rest of MEA
- 10. Latin America Agriculture Equipment Market Size Estimates and Forecasts, By Segments, 2019-2030
- 10.1. Key Findings
- 10.2. By Type (USD)
- 10.2.1. Agriculture Tractors
- 10.2.2. Harvesting Equipment
- 10.2.3. Irrigation & Crop Processing Equipment
- 10.2.4. Agriculture Spraying & Handling Equipment
- 10.2.5. Soil Preparation & Cultivation Equipment
- 10.2.6. Others (Hay & Forage Equipment, Trailers)
- 10.3. By Application (USD)
- 10.3.1. Land Development
- 10.3.2. Threshing and Harvesting
- 10.3.3. Plant Protection
- 10.3.4. After Agro Processing
- 10.4. By Country (USD)
- 10.4.1. Brazil
- 10.4.1.1. By Application (USD)
- 10.4.1.1.1. Land Development
- 10.4.1.1.2. Threshing and Harvesting
- 10.4.1.1.3. Plant Protection
- 10.4.1.1.4. After Agro Processing
- 10.4.2. Argentina
- 10.4.2.1. By Application (USD)
- 10.4.2.1.1. Land Development
- 10.4.2.1.2. Threshing and Harvesting
- 10.4.2.1.3. Plant Protection
- 10.4.2.1.4. After Agro Processing
- 10.4.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. AGCO Corporation (U.S.)
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Alamo Group Inc. (U.S.)
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. China National Machinery Industry Corporation (China)
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. CNH Industrial N.V. (U.K.)
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. CLAAS KGaA GmbH (Japan)
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Deere & Company (U.S.)
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Kubota Corporation (Japan)
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Mahindra & Mahindra (India)
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. SDF S.p.A. (Italy)
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Valmont Industries Inc. (U.S.)
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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