Agricultural Machinery MarketSize, Share, Growth, Trends, and Industry Analysis: By Category, By Type of Machinery, By Application, By Type of Crop and Region  

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Agricultural Machinery Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Industry Analysis By Category (Hand Tools, Power Tools), By Type of Machinery (Tractors, Cultivation Machinery, Ploughing Machinery, Trowel, Manure Spreaders, Irrigation Systems, Sorters, Harvesting Machinery, Others), By Application (Cultivation, Planting, Fertilizing and Pest control, Irrigation, Harvesting, Hay Making, Others), By Type of Crop (Forage crops, Grains and Cereals, Vegetable and Fruits, Others) and Region  

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Agricultural Machinery Market size was valued at US$ 174.34 billion in 2023, growing at a CAGR of 5.8% from 2024 to 2030. The agriculture machinery market is driven by decreased agriculture workforce coupled with increased automation in agriculture. Because of the severe COVID-19 impact, the agriculture machinery industry requested some flexibility for machines to be fitted with transition engines that had already been manufactured and acquired prior to the crisis. During the pandemic, the market stagnated as global supply chains were disrupted and manufacturing industries were shut down in compliance with government steps to prevent the virus from spreading. In 2020, tractors accounted for more than 43.6 percent of the worldwide agricultural machinery market.

Over the projection period, the Asia-Pacific area is predicted to grow fast due to increased demand for agricultural products, mostly from India and China. China leads Asia in terms of agricultural equipment production and sales, but India, Japan, and Australia are likely to take a considerable portion of the worldwide market in the next years, surpassing Europe as the largest market. The region's population is growing, necessitating the mechanization of agriculture. Increasing rates of mechanization in developing countries are driving the market. In developing countries, the necessity for agriculture mechanization has increased due to shrinking land, water supplies, and labor force. Farm mechanization is 45-55 percent in emerging countries like India and China, compared to 95 percent in developed countries like the United States in 2018.

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Agricultural Machinery Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.8%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Agricultural Machinery Market Dynamics

Rapid rise in population pool enables spur aggressive need of food across the globe, and creates demand agriculture machinery. Favorable government policies to support the farmers by providing advanced agriculture equipment are expected to drive the market. Furthermore, rise in technological advancements in agriculture equipment, increase in demand for pre-owned agriculture equipment and machinery propels the market growth for agricultural machinery. However, lack of skilled professionals, high cost of machinery will hamper the growth of market.

Agricultural Machinery Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 174.34 billion

Market CAGR

5.8%

By Category

  • Hand Tools
  • Power Tools

By Type of Machinery

  • Tractors
  • Cultivation Machinery
  • Ploughing Machinery
  • Manure Spreaders
  • Irrigation Systems
  • Sorters
  • Harvesting Machinery
  • Others

By Application

  • Cultivation
  • Planting
  • Fertilizing and Pest control
  • Irrigation
  • Harvesting
  • Hay Making
  • Others

By Type of Crop

  • Forage Crops
  • Grains and Cereals
  • Vegetable and Fruits
  • Others

Key Features of the Report

  • The agricultural machinery market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The agricultural machinery market size was valued at US$ 174.34 billion in 2023

The agricultural machinery market key players are: CLAAS (Germany) Deere & Company (U.S.) CNH Industrial (UK) Bernard Krone Holding SE & Co. KG (Germany) Agrostroj Pelhrimov A.S. (Czech Republic) AGCO (U.S) Mahindra Group (India) Valmont Industries Incorporated (U.S.) China National Machinery Industry Corporation (China) Concern Tractor Plants (Russia)

The agricultural machinery market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Author image

Author

Manoj Kumar

Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....

1. Executive Summary
2. Global Agricultural Machinery Market Introduction 
2.1.Global Agricultural Machinery Market  - Taxonomy
2.2.Global Agricultural Machinery Market  - Definitions
2.2.1.Category
2.2.2.Type of Machinery
2.2.3.Application
2.2.4.Type of Crop
2.2.5.Region
3. Global Agricultural Machinery Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID-19 on Market
4. Global Agricultural Machinery Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Agricultural Machinery Market  By Category, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Hand Tools
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Power Tools
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6. Global Agricultural Machinery Market  By Type of Machinery, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Tractors
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Cultivation Machinery
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Ploughing Machinery
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Manure Spreaders
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Irrigation Systems
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Sorters
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Harvesting Machinery
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
6.8. Others
6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.8.3. Market Opportunity Analysis 
7. Global Agricultural Machinery Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Cultivation
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Planting
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Fertilizing and Pest control
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Irrigation
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Harvesting
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Hay Making
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Others
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
8. Global Agricultural Machinery Market  By Type of Crop, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Forage Crops
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Grains and Cereals
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Vegetable and Fruits
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Others
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
9. Global Agricultural Machinery Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Agricultural Machinery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Category Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Hand Tools
10.1.2.Power Tools
10.2.  Type of Machinery Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Tractors
10.2.2.Cultivation Machinery
10.2.3.Ploughing Machinery
10.2.4.Manure Spreaders
10.2.5.Irrigation Systems
10.2.6.Sorters
10.2.7.Harvesting Machinery
10.2.8.Others
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Cultivation
10.3.2.Planting
10.3.3.Fertilizing and Pest control
10.3.4.Irrigation
10.3.5.Harvesting
10.3.6.Hay Making
10.3.7.Others
10.4.  Type of Crop Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Forage Crops
10.4.2.Grains and Cereals
10.4.3.Vegetable and Fruits
10.4.4.Others
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Agricultural Machinery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Category Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Hand Tools
11.1.2.Power Tools
11.2.  Type of Machinery Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Tractors
11.2.2.Cultivation Machinery
11.2.3.Ploughing Machinery
11.2.4.Manure Spreaders
11.2.5.Irrigation Systems
11.2.6.Sorters
11.2.7.Harvesting Machinery
11.2.8.Others
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Cultivation
11.3.2.Planting
11.3.3.Fertilizing and Pest control
11.3.4.Irrigation
11.3.5.Harvesting
11.3.6.Hay Making
11.3.7.Others
11.4.  Type of Crop Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Forage Crops
11.4.2.Grains and Cereals
11.4.3.Vegetable and Fruits
11.4.4.Others
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Agricultural Machinery Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Category Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Hand Tools
12.1.2.Power Tools
12.2.  Type of Machinery Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Tractors
12.2.2.Cultivation Machinery
12.2.3.Ploughing Machinery
12.2.4.Manure Spreaders
12.2.5.Irrigation Systems
12.2.6.Sorters
12.2.7.Harvesting Machinery
12.2.8.Others
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Cultivation
12.3.2.Planting
12.3.3.Fertilizing and Pest control
12.3.4.Irrigation
12.3.5.Harvesting
12.3.6.Hay Making
12.3.7.Others
12.4.  Type of Crop Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Forage Crops
12.4.2.Grains and Cereals
12.4.3.Vegetable and Fruits
12.4.4.Others
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Agricultural Machinery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Category Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Hand Tools
13.1.2.Power Tools
13.2.  Type of Machinery Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Tractors
13.2.2.Cultivation Machinery
13.2.3.Ploughing Machinery
13.2.4.Manure Spreaders
13.2.5.Irrigation Systems
13.2.6.Sorters
13.2.7.Harvesting Machinery
13.2.8.Others
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Cultivation
13.3.2.Planting
13.3.3.Fertilizing and Pest control
13.3.4.Irrigation
13.3.5.Harvesting
13.3.6.Hay Making
13.3.7.Others
13.4.  Type of Crop Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Forage Crops
13.4.2.Grains and Cereals
13.4.3.Vegetable and Fruits
13.4.4.Others
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Agricultural Machinery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Category Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Hand Tools
14.1.2.Power Tools
14.2.  Type of Machinery Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Tractors
14.2.2.Cultivation Machinery
14.2.3.Ploughing Machinery
14.2.4.Manure Spreaders
14.2.5.Irrigation Systems
14.2.6.Sorters
14.2.7.Harvesting Machinery
14.2.8.Others
14.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Cultivation
14.3.2.Planting
14.3.3.Fertilizing and Pest control
14.3.4.Irrigation
14.3.5.Harvesting
14.3.6.Hay Making
14.3.7.Others
14.4.  Type of Crop Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Forage Crops
14.4.2.Grains and Cereals
14.4.3.Vegetable and Fruits
14.4.4.Others
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.CLAAS (Germany)
15.2.2.Deere & Company (U.S.)
15.2.3.CNH Industrial (UK)
15.2.4.Bernard Krone Holding SE & Co. KG (Germany)
15.2.5.Agrostroj Pelhrimov A.S. (Czech Republic)
15.2.6.AGCO (U.S)
15.2.7.Mahindra Group (India)
15.2.8.Valmont Industries Incorporated (U.S.)
15.2.9.China National Machinery Industry Corporation (China)
15.2.10.Concern Tractor Plants (Russia)
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • CLAAS (Germany)
  • Deere & Company (U.S.)
  • CNH Industrial (UK)
  • Bernard Krone Holding SE & Co. KG (Germany)
  • Agrostroj Pelhrimov A.S. (Czech Republic)
  • AGCO (U.S)
  • Mahindra Group (India)
  • Valmont Industries Incorporated (U.S.)
  • China National Machinery Industry Corporation (China)
  • Concern Tractor Plants (Russia)

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