IMARC Group’s report titled “Agriculture Equipment Market Report by Equipment Type (Agriculture Tractor, Harvesting Equipment, Irrigation and Crop Processing Equipment, Agriculture Spraying and Handling Equipment, Soil Preparation and Cultivation Equipment, and Others), Application (Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing), Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket), and Region 2025-2033”. offers a comprehensive analysis of the industry, which comprises insights on the global agriculture equipment market share. The global market size reached USD 181.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 259.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.02% during 2025-2033.

Factors Affecting the Growth of the Agriculture Equipment Industry:

• Technological Advancements:

They are increasing the suitability of agricultural equipment with technologies such as precision farming, automation and the use of IoT. In GPS and GIS applications in precision farming, it is possible to see the inputs and outputs that can help increase production and better farming results. New generation tractors and drones in the form of autonomous farming enterprises are reaching the field of agricultural work to make all agricultural operations much smoother and reduce workforce involvement. When IoT is implemented, customers can see how particular equipment is working in a building or can use the data collected to take suitable measures or improve the use of equipment. These are not only technologies that are improving productivity but are also improving crop yields as well as sustainable farming in the process and hence causing improvement in the efficiency of agricultural equipment.

• Shift Towards Large-Scale Farming:

The need for high capacity machines, which are capable of working on a larger area at a time with greater precision and minimal human intervention, is creating new scopes to take the growth to the next level. Large farms have put in place the demand for machinery that has to perform the work as quickly and efficiently as possible, which relies on advanced tractors, harvesters and planting machines, etc. There has been this general trend of the size of the farms they have getting bigger because farmers, you know that due to the cost factors of operating costs and production costs, everyone wants to try to be efficient on a large scale. Moreover, the need for increased capabilities and productivity of the machinery used in mechanized large scale farming or large scale farming is also a factor that is driving the market demand as these equipment are essential in such processes.

• Environmental Sustainability Concerns:

Despite market fluctuations, environmental awareness is driving demand. Changes in agricultural equipment consumption are significant. These changes are aimed at cutting emissions and reducing chemical use. Now, manufacturers are innovating. They are creating equipment with better fuel efficiency, lower greenhouse gas emissions, and compatibility with renewable energy. Smart technology in today's agricultural machinery helps farmers use inputs more efficiently. This includes fertilizers and pesticides, thereby reducing environmental impact. Such innovations meet sustainability needs and pave the way for greener agriculture.

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Leading Companies Operating in the Global Agriculture Equipment Industry:

• AGCO Corporation
• Agromaster Agricultural Machinery
• Argo Tractors S.p.A.
• Bellota Agrisolutions
• China National Machinery Industry Corporation
• CLAAS KGaA mbH
• CNH Industrial N.V.
• Deere & Company
• Escorts Limited
• Iseki & Co. Ltd.
• JC Bamford Excavators Ltd.
• Kubota Corporation
• Mahindra & Mahindra Limited and SDF Group.

Agriculture Equipment Market Report Segmentation:

By Equipment Type:

• Agriculture Tractor
• Harvesting Equipment
• Irrigation and Crop Processing Equipment
• Agriculture Spraying and Handling Equipment
• Soil Preparation and Cultivation Equipment
• Others

Agriculture tractor exhibits a clear dominance in the market attributed to its indispensable role in a wide range of farming tasks, such as plowing, tilling, planting, and harvesting.

By Application:

• Land Development
• Threshing and Harvesting
• Plant Protection
• After Agro Processing

Land development holds the biggest market share, as it is a fundamental agricultural activity that involves soil preparation, ensuring optimal conditions for crop growth, and influencing overall farm productivity.

By Sales Channel:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Original equipment manufacturers (OEM) represent the largest segment owing to the reliable, high-quality, and technologically advanced equipment they offer.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific dominates the market due to the increasing adoption of mechanized farming techniques to enhance yield.

Global Agriculture Equipment Market Trends:

The growing use of robotics and artificial intelligence (AI) has led to solutions that range from autonomous tractors and drones to robotic harvesters, all designed to increase efficiency, precision, and productivity while reducing human labor. These technologies are able to perform complex tasks with remarkable accuracy and consistency, including seeding and harvesting.

Furthermore, the rise of agri-tech startups and their collaborations with established industry players are accelerating the pace of technological advancement. The growing emphasis on connectivity and integration of data analytics with agricultural equipment includes advanced sensors and IoT capabilities that enable real-time monitoring, predictive maintenance, and data-driven decision making.

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