Summary

Persistence Market Research has recently released a comprehensive report on the worldwide market for agricultural equipment. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

• Agricultural Equipment Market Size (2025E): USD 178.4 Billion
• Projected Market Value (2032F): USD 256.1 Billion
• Global Market Growth Rate (CAGR 2025 to 2032): 5.3%

Agricultural Equipment Market - Report Scope:

Agricultural equipment plays a pivotal role in modernizing and enhancing the productivity of farming operations. These machines support a wide array of agricultural processes including soil preparation, planting, irrigation, harvesting, and post-harvest handling. The agricultural equipment market caters to smallholder farmers, large-scale agribusinesses, and government-supported rural development programs. This includes tractors, combine harvesters, tillage equipment, irrigation systems, and precision farming tools. Market growth is driven by the rising global demand for food, mechanization of agriculture, and technological advancements aimed at improving farm efficiency, reducing labor dependency, and increasing crop yields.

Market Growth Drivers:

The global agricultural equipment market is propelled by several key factors, including increasing food demand due to population growth, which necessitates higher agricultural productivity. Government subsidies and initiatives promoting mechanized farming practices, particularly in emerging economies, are accelerating equipment adoption. The growing popularity of precision agriculture—driven by data analytics, IoT integration, and GPS-guided machinery—is transforming traditional farming practices and enhancing resource utilization. Moreover, labor shortages in rural areas and the need for timely operations during critical farming periods contribute to higher demand for automation in agriculture.

Market Restraints:

Despite positive growth trends, the agricultural equipment market faces significant challenges related to high initial investment costs and maintenance requirements, which can hinder adoption, especially among small-scale farmers. Additionally, seasonal dependency of agricultural activities often limits continuous utilization of equipment, affecting return on investment. Lack of adequate infrastructure, training, and financing options in certain regions also pose barriers. Environmental concerns regarding emissions from diesel-powered machinery and soil degradation due to intensive mechanization are prompting scrutiny from regulatory bodies and may require manufacturers to shift toward more sustainable technologies.

Market Opportunities:

The agricultural equipment market presents vast growth opportunities driven by innovations in electrification, automation, and robotics. The development of autonomous tractors and AI-powered implements is revolutionizing farming efficiency. Expanding application of drones for crop monitoring, seeding, and spraying is also reshaping the agricultural landscape. Government-backed smart agriculture missions and rising investment in agri-tech startups offer significant potential for equipment manufacturers. Furthermore, emerging markets in Africa and Asia-Pacific present untapped opportunities due to growing awareness of mechanized farming and increasing rural infrastructure development.

Key Questions Answered in the Report:

• What are the primary factors driving the growth of the agricultural equipment market globally?
• Which equipment categories and technologies are leading the transformation of agricultural practices?
• How are digital and precision farming technologies reshaping the competitive landscape of the agricultural equipment market?
• Who are the key players contributing to the agricultural equipment market, and what strategies are they employing to maintain market relevance?
• What are the emerging trends and future prospects in the global agricultural equipment market?

Competitive Intelligence and Business Strategy:

These companies are heavily investing in research and development to produce smart, fuel-efficient, and sustainable machinery that aligns with modern agricultural demands. Collaborations with precision agriculture technology firms, dealer networks, and financial institutions facilitate greater market penetration and farmer engagement. Emphasis on after-sales service, operator training, and digital platforms further enhances customer loyalty and market reach in the evolving agricultural ecosystem.

Key Companies Profiled:

• AGCO Corp
• CLAAS KGaA mbH
• Kubota Corporation
• Tractor and Farm Equipment Limited
• Deere & Company
• Mahindra & Mahindra Ltd.
• EXEL Industries
• SDF S.p.A.
• ISEKI & CO. LTD.
• CNH Industrial N.V.
• Bucher Industries AG
• Othera

Agricultural Equipment Market Research Segmentation:

By Product Type

• Tractors
• Rotavators
• Wheel Type
• Crawler Type
• Threshers & Dehuskers
• Wheel Type
• Crawler Type
• Power Tillers
• Wheel Type
• Crawler Type
• Power Weeder
• Wheel Type
• Crawler Type
• Plough
• Baler
• Seed Drill

By Application

• Harvesting & Threshing
• Weed Cultivation
• Plant Protection
• Post-harvest & Agro-processing
• Land Development & Seed Bed Preparation

By Region

• North America
• Asia Pacific
• Latin America
• East Asia
• Europe
• South Asia & Pacific
• The Middle East & Africa

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Table of Contents

1. Executive Summary
2. Market Introduction
2.1 Market Definition
2.2 Market Taxonomy
3. Agricultural Equipment Market Analysis Scenario
3.1 Market Volume Analysis
3.2. Pricing Analysis
3.3. Global Agricultural Equipment Market Analysis & Forecast
3.4. Value Chain Analysis
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity
4.4. Trends
5. Global Agricultural Equipment Market Analysis and Forecasts, by Product Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Product Type
5.1.2. Y-o-Y Growth Projections By Product Type
5.2. Market Value and Volume Forecast By Product Type
5.2.1. Tractors
5.2.2. Combine Harvesters
5.2.3. Rotavator
5.2.4. Power Tillers
5.2.5. Seed Drill
5.2.6. Thresher
5.2.7. Power Weeder
5.2.8. Others
5.3. Agricultural Equipment Market Attractiveness Analysis By Product Type
6. Global Agricultural Equipment Market Analysis and Forecast, By Region
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Region
6.1.2. Y-o-Y Growth Projections By Region
6.2. Market Value and Volume Forecast By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. APAC
6.2.5. MEA
6.3. Agricultural Equipment Market Attractiveness Analysis By Region
7. North America Agricultural Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Country
7.1.2. Y-o-Y Growth Projections By Country
7.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country
7.2.1. U.S.
7.2.2. Canada
7.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type
7.4.1. Tractors
7.4.2. Combine Harvesters
7.4.3. Rotavator
7.4.4. Power Tillers
7.4.5. Seed Drill
7.4.6. Thresher
7.4.7. Power Weeder
7.4.8. Others
7.4. Market Attractiveness Analysis
7.4.1. By Country
7.4.2. By Product Type
8. Latin America Agricultural Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Country
8.1.2. Y-o-Y Growth Projections By Country
8.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type
8.4.1. Tractors
8.4.2. Combine Harvesters
8.4.3. Rotavator
8.4.4. Power Tillers
8.4.5. Seed Drill
8.4.6. Thresher
8.4.7. Power Weeder
8.4.8. Others
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Product Type
9. Europe Agricultural Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country
9.2.1. Germany
9.2.2. France
9.2.3. UK
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type
9.3.1. Tractors
9.3.2. Combine Harvesters
9.3.3. Rotavator
9.3.4. Power Tillers
9.3.5. Seed Drill
9.3.6. Thresher
9.3.7. Power Weeder
9.3.8. Others
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Product Type
10. APAC Agricultural Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projections By Country
10.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. Rest of APAC
10.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type
10.3.1. Tractors
10.3.2. Combine Harvesters
10.3.3. Rotavator
10.3.4. Power Tillers
10.3.5. Seed Drill
10.3.6. Thresher
10.3.7. Power Weeder
10.3.8. Others
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Product Type
11. MEA Agricultural Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country
11.1.2. Y-o-Y Growth Projections By Country
11.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country
11.2.1. South Africa
11.2.2. Turkey
11.2.1. Rest of MEA
11.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type
11.3.1. Tractors
11.3.2. Combine Harvesters
11.3.3. Rotavator
11.3.4. Power Tillers
11.3.5. Seed Drill
11.3.6. Thresher
11.3.7. Power Weeder
11.3.8. Others
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
12. Competition Landscape
12.1. Competition Dashboard
12.2. Market Share Analysis (2015)
12.3. Company Profiles
12.3.1. AGCO Corp
12.3.2. CLAAS KGaA mbH
12.3.3. Kubota Corporation
12.3.4. Tractor and Farm Equipment Limited
12.3.5. Deere & Company
12.3.6. Mahindra & Mahindra Ltd.
12.3.7. EXEL Industries
12.3.8. SDF S.p.A.
12.3.9. ISEKI & CO. LTD.
12.3.10. CNH Industrial N.V.
12.3.11. Bucher Industries AG
13. Assumption & Acronyms Used
14. Research Methodology