PUBLISHER: The Business Research Company | PRODUCT CODE: 1931818
PUBLISHER: The Business Research Company | PRODUCT CODE: 1931818
Agricultural and farm machinery encompass a diverse range of mechanized equipment designed to execute various tasks in the agricultural sector, including planting, harvesting, seeding, plowing, and pesticide application. The utilization of these tools provides farmers with strategic advantages, such as minimizing reliance on manual labor and optimizing farm yield.
The primary product categories within agriculture and farm equipment/machinery encompass tractors, rotavators, threshers and dehuskers, power tillers, power weeders, ploughs, balers, and seed drills. Tractors, a key component, facilitate various farm activities such as plowing, tilling, and sowing by attaching different implements. These large-wheeled vehicles play a crucial role in pulling farm machinery and providing the necessary power for other equipment to function effectively. Ownership models include individual ownership and rental arrangements. Applications of these machinery types span land development and seedbed preparation, sowing and planting, plant protection, harvesting and threshing, post-harvest processes, and agro-processing.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the agriculture and farm equipment machinery market by increasing costs of imported steel, engines, hydraulic systems, and electronic components used across tractors, harvesters, seed drills, and power tillers. Manufacturing and procurement activities in North America and Europe are most affected due to reliance on imported parts, while Asia-Pacific faces cost pressure on export-oriented equipment production. These tariffs are increasing equipment prices and extending replacement cycles for farmers. However, they are also encouraging domestic manufacturing, regional supplier development, and localized assembly of agricultural machinery, strengthening long-term supply chain resilience.
The agriculture and farm equipment/machinery market size has grown strongly in recent years. It will grow from $174.12 billion in 2023 to $184.69 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The expansion observed in the historical period can be credited to factors such as advancements in education and research, infrastructure development, the industrialization of agriculture, progress in crop science, and challenges arising from rural labor scarcity.
The agriculture and farm equipment/machinery market size has grown strongly in recent years. It will grow from $191.15 billion in 2025 to $202.39 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increasing farm mechanization rates, reduction in agricultural labor availability, expansion of commercial farming operations, rising demand for higher crop yields, improved access to mechanized farming equipment.
The agriculture and farm equipment/machinery market size is expected to see strong growth in the next few years. It will grow to $254.46 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing adoption of precision farming practices, rising investments in smart agriculture infrastructure, growing focus on sustainable farming operations, expansion of rental and shared equipment models, increasing demand for fuel-efficient farm machinery. Major trends in the forecast period include increasing adoption of multi-functional farm machinery, rising demand for high-capacity agricultural equipment, growing preference for rental-based farm machinery, expansion of mechanized harvesting solutions, enhanced focus on equipment durability and efficiency.
The increasing demand for organic food is expected to drive the expansion of the agriculture and farm equipment/machinery market going forward. Organic food refers to agricultural products cultivated and produced without synthetic pesticides, fertilizers, genetically modified organisms (GMOs), antibiotics, or other artificial additives. The use of agricultural and farm machinery in organic production can provide improved efficiency, precision farming, and effective weed and pest management, while also supporting soil health. Over time, machinery can deliver cost savings by enhancing productivity and reducing dependence on manual labor. For example, in May 2025, according to GOV.UK, a UK-based government website, the UK had a total of 503 thousand hectares of organically farmed land in 2024, representing a 1.0% increase from 2023. Therefore, the rising demand for organic food is fueling the growth of the agriculture and farm equipment/machinery market.
Major companies in the agriculture and farm equipment/machinery market are focusing on innovative products such as ISI-marked agricultural machinery to enhance revenue generation. Agricultural equipment encompasses a wide range of machinery, tools, and devices used to perform various farming tasks. For instance, in July 2023, Balwaan Agri, an India-based smart agriculture machinery company, introduced ISI-marked agricultural equipment. These tools provide farmers with enhanced capabilities to optimize crop yields, promote sustainable farming practices, and improve overall agricultural efficiency, positioning them to significantly impact the sector. This innovation results from extensive research and development that integrates advanced technology with deep industry expertise. Designed to minimize environmental impact, this solution aims to address key challenges faced by farmers and support them in achieving improved outcomes.
In March 2023, Mahindra and Mahindra Ltd., an India-based automobile manufacturer, acquired M.I.T.R.A. (Micro Irrigation Technology Research Association) for an undisclosed amount. This acquisition enables Mahindra and Mahindra to expand its product portfolio and reinforce its presence in the agricultural machinery market by leveraging advanced technologies to enhance farmer productivity and sustainability. MITRA Agro Equipments Pvt. Ltd. is an India-based manufacturer and supplier of agricultural equipment and machinery.
Major companies operating in the agriculture and farm equipment/machinery market are Deere & Company, SZ DJI Technology Co., Ltd., AGCO Corporation, DeLaval International AB, Trimble Inc., BouMatic Robotics, Lely Holding S.a r.l., AgJunction Inc., AgEagle Aerial Systems Inc., Agribotix LLC, Harvest Automation, Inc., Topcon Corporation, Ag Leader Technology, Deepfield Robotics, Autonomous Tractor Corporation, Clearpath Robotics Inc., Agrobot Inc., Naio Technologies SAS, PrecisionHawk Inc., CNH Industrial N.V., Harvest CROO Robotics LLC, Robotics Plus Ltd., Ecorobotix SA, AutoCopter Corp., Autonomous Solutions, Inc. (ASI), Kubota Corporation, DroneDeploy Inc., Octinion NV, SwarmFarm Robotics Pty Ltd., Fendt, Soft Robotics Inc.
Asia-Pacific was the largest region in the agriculture and farm equipment/machinery market share in 2025. The regions covered in the agriculture and farm equipment/machinery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the agriculture and farm equipment/machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The agriculture and farm equipment/machinery market consists of sales of harvesters, soil preparation and cultivation, irrigation and crop processing, agriculture spraying equipment, hay and forage machines, and other agriculture and farm equipment/machinery. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Agriculture And Farm Equipment/Machinery Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses agriculture and farm equipment/machinery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for agriculture and farm equipment/machinery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The agriculture and farm equipment/machinery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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