PUBLISHER: The Business Research Company | PRODUCT CODE: 1932503
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932503
Farm machinery and equipment encompass devices involved in manufacturing agricultural and farm equipment, along with turf and grounds care tools such as planting, harvesting, and grass mowing equipment (excluding lawn and garden-type).
Key types of farm machinery and equipment include cultivators, rotators, chisel plows, harvesters, rollers, field sprayers and spreaders, irrigation systems, livestock equipment, tractors, and other variants. A chisel plow is a soil tillage device towed by a tractor or animal, designed to break and stir soil deep below the surface without turning it. These tools come in small, medium, and large capacities, operated manually, semi-autonomously, or fully autonomously. Applications for this equipment span spraying, water supply and conservation, cultivation, harvesting, seeding, weeding, livestock farming, and various other agricultural tasks.
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 farm machinery and equipment market by increasing costs of imported engines, transmissions, hydraulic systems, electronic control units, and steel components used in tractors and harvesting machinery. Farmers and equipment manufacturers in North America and Europe are most affected due to heavy reliance on global supply chains, while Asia-Pacific faces higher equipment prices for advanced machinery. These tariffs are raising ownership costs and slowing fleet modernization in price-sensitive farming regions. However, tariffs are also supporting domestic manufacturing, encouraging local sourcing of components, and accelerating development of cost-optimized and region-specific farm machinery solutions.
The farm machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides farm machinery and equipment market statistics, including farm machinery and equipment industry global market size, regional shares, competitors with a farm machinery and equipment market share, detailed farm machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the farm machinery and equipment industry. This farm machinery and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The farm machinery and equipment market size has grown strongly in recent years. It will grow from $235.59 billion in 2025 to $247.66 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to mechanization of agricultural operations, expansion of commercial farming, rising labor shortages in agriculture, increasing crop productivity requirements, availability of diverse farm machinery types.
The farm machinery and equipment market size is expected to see strong growth in the next few years. It will grow to $312.44 billion in 2030 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing adoption of smart farming technologies, rising focus on sustainable agriculture, expansion of large-scale farming operations, growing investments in autonomous equipment, increasing demand for data-driven farming solutions. Major trends in the forecast period include increasing adoption of autonomous farm equipment, rising demand for precision agriculture machinery, expansion of smart irrigation and spraying systems, growing use of high-capacity harvesting equipment, enhanced focus on fuel-efficient machinery.
The growing number of government initiatives promoting agricultural mechanization is expected to drive the growth of the farm machinery and equipment market. Agricultural mechanization involves the use of mechanical and technological equipment, machinery, and techniques to carry out farming tasks, enhancing efficiency, productivity, and sustainability in agricultural operations. Government programs support the market by providing subsidies, promoting mechanization, funding research, improving infrastructure, shaping trade policies, encouraging sustainability, and integrating modern equipment into rural development schemes. These initiatives motivate farmers to adopt advanced machinery, fostering agricultural modernization and higher productivity. For example, in September 2023, according to the Government of UK official handle, a UK-based government agency, nineteen innovative projects focused on automation and robotic technologies were allocated a share of £12.5 million ($0.016 billion) in government funding to enhance productivity, food security, and sustainable farming practices. Hence, the increasing government initiatives to promote agricultural mechanization are fueling the growth of the farm machinery and equipment market.
Major companies in the farm machinery and equipment market are concentrating on developing technologically advanced solutions, such as electric tractors, to optimize and enhance agricultural operations. An electric tractor is a type of agricultural vehicle powered by electric motors and batteries instead of conventional internal combustion engines, providing reduced emissions, lower operating costs, and quieter operation while performing various farming tasks. For example, in October 2023, Fendt, a Germany-based agricultural machinery company, unveiled its new electric tractor, the e107 V Vario, intended for use in vineyards, orchards, greenhouses, and urban settings. Equipped with a 100kWh battery, the e107 V produces 90 horsepower and can operate for 4 to 7 hours, with the capability to charge from 20% to 80% in just 45 minutes. It includes Fendt's Vario transmission, the FendtONE operating system, and three operating modes-Eco, Dynamic, and Dynamic+-to accommodate varying power requirements.
In August 2023, Brandt Industries Ltd., Canada-based grain handling products company acquired Wairarapa Machinery Services Ltd. in New Zealand for an undisclosed sum. This strategic move has broadened Brandt's footprint in the Greater Wellington region, facilitating improved access to parts and services. The acquisition strengthens Brandt's support infrastructure and enables increased community engagement. Wairarapa Machinery Services Ltd. specializes in agricultural machinery sales, services, and parts.
Major companies operating in the farm machinery and equipment market are John Deere, AGCO Corporation, CNH Industrial, Kubota Corporation, Mahindra & Mahindra Ltd., CLAAS KGaA mbH, Yanmar Co., Ltd., Escorts Limited, Bucher Industries, Fendt, SAME Deutz-Fahr Group, Iseki & Co., Ltd., Kioti Tractor, JCB Limited, Massey Ferguson, Zetor Tractors a.s., New Holland Agriculture, McCormick Tractors International Ltd., V.S.T. Tillers Tractors Ltd., Argo Tractors S.p.A., Kuhn Group, TAFE - Tractors and Farm Equipment Limited, Vermeer Corporation, Alamo Group Inc., Krone Group, HORSCH Maschinen GmbH, Amazone H. Dreyer GmbH & Co. KG, Hardi International
Asia-Pacific was the largest region in the farm machinery and equipment market in 2025. North America was the second largest region in the global farm machinery and equipment market share. The regions covered in the farm machinery and equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the farm machinery and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The farm machinery and equipment market consists of sales of combine harvester, rotavator or rotary tiller, plough or plow, tractor trailer, power harrow, leveler, water bowser, ripper machine, and disc harrow. 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 farm machinery and equipment 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.
Farm Machinery And Equipment 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 farm machinery and equipment 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 farm machinery and equipment ? 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 farm machinery and equipment 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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