Agricultural Production Equipment Market size was valued at USD 62.6 Billion in 2024 and is projected to reach USD 92.3 Billion by 2033, exhibiting a CAGR of 4.8% from 2026 to 2033.
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The Agricultural Production Equipment Market was valued at approximately USD 130 billion in 2022, with a compound annual growth rate (CAGR) projected at around 5.8% during the forecast period. The markets growth is driven by increasing demand for mechanized farming practices, growing adoption of precision agriculture technologies, and the rising global food demand. Additionally, supportive government initiatives promoting modern farming equipment and the need for enhanced agricultural productivity contribute to the markets expansion. Major agricultural nations are focusing on sustainable farming techniques, further stimulating the market for tractors, harvesters, irrigation systems, and planting equipment.
North America accounted for a significant share of the Agricultural Production Equipment Market in 2022, contributing approximately USD 40 billion, driven by advanced farming techniques and high adoption of precision farming technologies. The Asia Pacific region is anticipated to experience the fastest growth, expanding at a CAGR of over 6.2%, due to large scale agricultural activities in countries like China and India, coupled with increasing government subsidies for modern equipment. Europe also holds a notable market share, supported by technological advancements and stringent agricultural regulations promoting sustainable practices. Meanwhile, regions like Latin America and the Middle East are witnessing rising investments in agricultural mechanization, providing new growth opportunities for market players. Get More Agricultural Production Equipment Market
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AGCO
Alamo Group
Claas
CNH Industrial
Dongfeng farm
Escorts Group
Exel Industries
Horsch Maschinen
ISEKI
JCB
Jiangsu Wode Group
John Deere
Kubota
LOVOL
Mahindra
Manitou Group
Maschio Gaspardo
MaterMacc
Morris Industries
MTZ Equipment
QUIVOGNE Group
Rostselmash
SDF
Shandong Shifeng
Tractors and Farm Equipment (TAFE)
Wuzheng
Yanmar
YTO Group
Zoomlion
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Agricultural Production Equipment Market
Tractors
Harvesting Equipment
Planting & Seeding Equipment
Irrigation Equipment
Tillage Equipment
Application Equipment
Post-Harvest Equipment
Others
Small-scale Farms
Medium-scale Farms
Large-scale Farms
Corporate Farms
Commercial Farmers
Cooperatives
Agricultural Contractors
Government and Institutional Sector
Others
Conventional Farming Equipment
Precision Farming Equipment
Automated Farming Equipment
Smart Farming Equipment
Used Equipment
Direct Sales
Online Retail
Distributor and Dealer Networks
Rental Services
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Agricultural Production Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Agricultural Production Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agricultural Production Equipment Market, By Type
6. Global Agricultural Production Equipment Market, By Application
7. Global Agricultural Production Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Agricultural Production Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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