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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” The global agriculture equipment 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 improving farming tools with precision farming, automation, and IoT. Precision farming uses GPS and GIS to increase production and farming results. New tractors and drones are making farming easier and reducing the need for workers. With IoT, users can monitor equipment or optimize its use with data. These technologies not only increase productivity but also increase crop yields and promote sustainable farming.

• Shift Towards Large-Scale Farming:

There is a growing need for high-capacity machines that work precisely, cover more area and require less human effort. This demand drives growth. Large farms want fast, efficient machinery, such as advanced tractors, harvesters and planters. As costs rise, farms are becoming larger. Farmers aim for efficiency to cut down on operational and production costs. Also, large-scale farming demands more powerful, productive machines. This equipment is important, which drives market demand.

• Environmental Sustainability Concerns:

Despite market fluctuations, demand is growing due to environmental awareness. There has been a significant shift in the use of agricultural equipment. This shift is aimed at cutting emissions and reducing chemicals. Now, manufacturers are innovating. They are developing equipment that makes better use of fuel, emits fewer greenhouse gases and works with renewable energy. Smart technology in today's machines helps farmers use fertilizers and pesticides more efficiently. This reduces the environmental impact. Such innovations meet sustainability needs and promote green 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 introduced 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 capable of performing 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.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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