Market Overview

The Global Agriculture Equipment Market was valued at USD 171,060.6 million in 2023 and is expected to reach USD 252,734.5 million by 2031 while growing at a CAGR of 5.0% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global agriculture equipment market growth. Agricultural equipment encompasses a diverse array of machinery and tools intended to aid in different stages of agricultural production. Employed by farmers and agricultural workers, these tools facilitate tasks like planting, cultivating, harvesting, and processing crops. The primary goal of agricultural equipment is to boost efficiency, minimize manual labor, and enhance overall productivity within the agricultural sector.

Continuous technological innovations and advancements, coupled with population growth and increasing food demand, propel the growth of the agriculture equipment market. However, the high initial costs and growing awareness of environmental sustainability could hinder market expansion.

Furthermore, the global agriculture equipment industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Analysis

The Global Agriculture Equipment Market is segmented among Tractors, Harvesters, Planting Equipment (Row Crop Planters, Air Seeders, Grain Drills, and Others), Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, and Others, based on Product. In 2023, Tractors accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Agriculture Equipment Market is segmented among Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, and Post-harvest & Agro-processing, based on Application. In 2023, Land Development & Seed Bed Preparation accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Agriculture Equipment Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are AGCO Corporation, FlieglAgro-Center GmbH, Agromaster (Atespar), AMAZONE Ltd., APV GmbH, Bellota Agrisolutions, CLAAS KGaAmbH, CNH Industrial N.V., Deere & Company, Escorts Group, HORSCH Maschinen GmbH, ISEKI & Co., Ltd., J.C. Bamford Excavators Ltd., Deere & Company (John Deere), Quivogne CEE GmbH (Kiwon RUS LLC), Rostselmash, KRUKOWIAK, KUBOTA Corporation, KUHN SAS, EMKEN GmbH & Co. KG, Mahindra & Mahindra Limited, MascarSpA, MaschioGaspardo S.P.A., MaterMacc S.p.A, Morris Equipment Ltd., Rostselmash, SDF, Tractors and Farm Equipment Limited, Väderstad AB, and Valmont Industries, Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Agriculture Equipment Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Agriculture Equipment Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Agriculture Equipment Market Segmentation, By Product

• Global Agriculture Equipment Market Share Analysis, By Product

• Global Agriculture Equipment Market Growth Analysis, By Product

• Global Agriculture Equipment Market Trends, By Product

o Tractors

o Harvesters

o Planting Equipment

Ø Row Crop Planters

Ø Air Seeders

Ø Grain Drills

Ø Others

o Irrigation & Crop Processing Equipment

o Spraying Equipment

o Hay & Forage Equipment

o Others

6. Global Agriculture Equipment Market Segmentation, By Application

• Global Agriculture Equipment Market Share Analysis, By Application

• Global Agriculture Equipment Market Growth Analysis, By Application

• Global Agriculture Equipment Market Trends, By Application

o Land Development & Seed Bed Preparation

o Sowing & Planting

o Weed Cultivation

o Plant Protection

o Harvesting & Threshing

o Post-harvest & Agro-processing

7. Global Agriculture Equipment Market Segmentation, By Region

• Global Agriculture Equipment Market Share Analysis, By Region

• Global Agriculture Equipment Market Growth Analysis, By Region

• Global Agriculture Equipment Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• AGCO Corporation*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• FlieglAgro-Center GmbH

• Agromaster (Atespar)

• AMAZONE Ltd.

• APV GmbH

• Bellota Agrisolutions

• CLAAS KGaAmbH

• CNH Industrial N.V.

• Deere & Company

• Escorts Group

• HORSCH Maschinen GmbH

• ISEKI & Co., Ltd.

• J.C. Bamford Excavators Ltd.

• Deere & Company (John Deere)

• Quivogne CEE GmbH (Kiwon RUS LLC)

• · Rostselmash

• KRUKOWIAK

• KUBOTA Corporation

• KUHN SAS

• EMKEN GmbH & Co. KG

• Mahindra & Mahindra Limited

• MascarSpA

• MaschioGaspardo S.P.A.

• MaterMacc S.p.A

• Morris Equipment Ltd.

• Rostselmash

• SDF

• Tractors and Farm Equipment Limited

• Väderstad AB

• Valmont Industries, Inc.

*Similar analysis will be provided for each company listed above.