Global Agriculture Equipment Market 2024-2028

Global Agriculture Equipment Market 2024-2028


The agriculture equipment market is forecasted to grow by USD 66.53 bn during 2023-2028, accelerating at a CAGR of 6.05% during the forecast period. The report on the agriculture equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for agricultural equipment due to labor shortage, government subsidies to promote agricultural sector, and increasing launch of new agriculture equipment by vendors.

Technavio's agriculture equipment market is segmented as below:

By Type
  • Tractors
  • Harvesters machinery
  • Planting equipment
  • Others
By Product Type
  • Manual
  • Automatic
  • Semi-automatic
By Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the implementation of ai in agriculture equipment as one of the prime reasons driving the agriculture equipment market growth during the next few years. Also, rising deployment of agricultural equipment for precision farming and increasing m and a among vendors operating in the market will lead to sizable demand in the market.

The report on the agriculture equipment market covers the following areas:
  • Agriculture equipment market sizing
  • Agriculture equipment market forecast
  • Agriculture equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agriculture equipment market vendors that include AGCO Corp., Alamo Group Inc., American Spring and Pressing Works Pvt. Ltd., Beri Udyog Pvt. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Deere and Co., ISEKI and Co. Ltd., Kinze Manufacturing Inc., Kovai Classic Industries, Kubota Corp., Mahindra and Mahindra Ltd., ROSTA AG, Shandong Heavy Industry Group Co. Ltd., Summit Steel and Manufacturing Inc., Tractors and Farm Equipment Ltd., Trimble Inc., Zetor Tractors as, EcoRobotix SA, and Yanmar Holdings Co. Ltd.. Also, the agriculture equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Market Segmentation by Product Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global agriculture equipment market 2018 - 2022
      • Table Historic Market Size - Data Table on global agriculture equipment market 2018 - 2022 ($ billion)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size - Type Segment 2018 - 2022 ($ billion)
    • Product type Segment Analysis 2018 - 2022
      • Table Historic Market Size - Product type Segment 2018 - 2022 ($ billion)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size - Country Segment 2018 - 2022 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Tractors - Market size and forecast 2023-2028
      • Table Chart on Tractors - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Tractors - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Tractors - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Tractors - Year-over-year growth 2023-2028 (%)
    • Harvesters machinery - Market size and forecast 2023- 2028
      • Table Chart on Harvesters machinery - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Harvesters machinery - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Harvesters machinery - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Harvesters machinery - Year-over-year growth 2023-2028 (%)
    • Planting equipment - Market size and forecast 2023- 2028
      • Table Chart on Planting equipment - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Planting equipment - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Planting equipment - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Planting equipment - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
      • Table Data Table on Market opportunity by Type ($ billion)
  • Market Segmentation by Product Type
    • Market segments
      • Table Chart on Product Type - Market share 2023-2028 (%)
      • Table Data Table on Product Type - Market share 2023-2028 (%)
    • Comparison by Product Type
      • Table Chart on Comparison by Product Type
      • Table Data Table on Comparison by Product Type
    • Manual - Market size and forecast 2023-2028
      • Table Chart on Manual - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Manual - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Manual - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Manual - Year-over-year growth 2023-2028 (%)
    • Automatic - Market size and forecast 2023-2028
      • Table Chart on Automatic - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Automatic - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Automatic - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Automatic - Year-over-year growth 2023-2028 (%)
    • Semi-automatic - Market size and forecast 2023-2028
      • Table Chart on Semi-automatic - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Semi-automatic - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Semi-automatic - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Semi-automatic - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product Type
      • Table Market opportunity by Product Type ($ billion)
      • Table Data Table on Market opportunity by Product Type ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • France - Market size and forecast 2023-2028
      • Table Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on France - Year-over-year growth 2023-2028 (%)
      • Table Data Table on France - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
      • Table Data Tables on Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing demand for agricultural equipment due to labor shortage
      • Government subsidies to promote agricultural sector
    • Market challenges
      • Growing availability of rental agricultural equipment
      • Stringent regulations on developments of agriculture equipment
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Implementation of AI in agriculture equipment
      • Rising deployment of agricultural equipment for precision farming
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AGCO Corp.
      • Table AGCO Corp. - Overview
      • Table AGCO Corp. - Business segments
      • Table AGCO Corp. - Key news
      • Table AGCO Corp. - Key offerings
      • Table AGCO Corp. - Segment focus
    • Alamo Group Inc.
      • Table Alamo Group Inc. - Overview
      • Table Alamo Group Inc. - Business segments
      • Table Alamo Group Inc. - Key news
      • Table Alamo Group Inc. - Key offerings
      • Table Alamo Group Inc. - Segment focus
    • Beri Udyog Pvt. Ltd.
      • Table Beri Udyog Pvt. Ltd. - Overview
      • Table Beri Udyog Pvt. Ltd. - Product / Service
      • Table Beri Udyog Pvt. Ltd. - Key offerings
    • CLAAS KGaA mBH
      • Table CLAAS KGaA mBH - Overview
      • Table CLAAS KGaA mBH - Product / Service
      • Table CLAAS KGaA mBH - Key offerings
    • Deere and Co.
      • Table Deere and Co. - Overview
      • Table Deere and Co. - Business segments
      • Table Deere and Co. - Key offerings
      • Table Deere and Co. - Segment focus
    • EcoRobotix SA
      • Table EcoRobotix SA - Overview
      • Table EcoRobotix SA - Product / Service
      • Table EcoRobotix SA - Key offerings
    • ISEKI and Co. Ltd.
      • Table ISEKI and Co. Ltd. - Overview
      • Table ISEKI and Co. Ltd. - Product / Service
      • Table ISEKI and Co. Ltd. - Key offerings
    • Kinze Manufacturing Inc.
      • Table Kinze Manufacturing Inc. - Overview
      • Table Kinze Manufacturing Inc. - Product / Service
      • Table Kinze Manufacturing Inc. - Key offerings
    • Kovai Classic Industries
      • Table Kovai Classic Industries - Overview
      • Table Kovai Classic Industries - Product / Service
      • Table Kovai Classic Industries - Key offerings
    • Kubota Corp.
      • Table Kubota Corp. - Overview
      • Table Kubota Corp. - Business segments
      • Table Kubota Corp. - Key news
      • Table Kubota Corp. - Key offerings
      • Table Kubota Corp. - Segment focus
    • Mahindra and Mahindra Ltd.
      • Table Mahindra and Mahindra Ltd. - Overview
      • Table Mahindra and Mahindra Ltd. - Business segments
      • Table Mahindra and Mahindra Ltd. - Key news
      • Table Mahindra and Mahindra Ltd. - Key offerings
      • Table Mahindra and Mahindra Ltd. - Segment focus
    • ROSTA AG
      • Table ROSTA AG - Overview
      • Table ROSTA AG - Product / Service
      • Table ROSTA AG - Key offerings
    • Shandong Heavy Industry Group Co. Ltd.
      • Table Shandong Heavy Industry Group Co. Ltd. - Overview
      • Table Shandong Heavy Industry Group Co. Ltd. - Product / Service
      • Table Shandong Heavy Industry Group Co. Ltd. - Key offerings
    • Summit Steel and Manufacturing Inc.
      • Table Summit Steel and Manufacturing Inc. - Overview
      • Table Summit Steel and Manufacturing Inc. - Product / Service
      • Table Summit Steel and Manufacturing Inc. - Key offerings
    • Trimble Inc.
      • Table Trimble Inc. - Overview
      • Table Trimble Inc. - Business segments
      • Table Trimble Inc. - Key offerings
      • Table Trimble Inc. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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