Agricultural and Farm Machinery Market Revenue was valued at USD 155.25 Billion in 2024 and is estimated to reach USD 265.55 Billion by 2033, growing at a CAGR of 6.2% from 2026 to 2033.
The global agricultural and farm machinery market has experienced significant growth, with its size valued at USD 196.5 billion in 2022. Projections indicate that this market will reach USD 485.7 billion by 2032, expanding at a compound annual growth rate (CAGR) of 8.6% from 2023 to 2032. This growth is driven by increasing demand for food due to a rising global population, advancements in farming technologies, and supportive government initiatives promoting mechanization in agriculture. Notably, the Asia Pacific region led the market with over 42% share in 2022, reflecting the regions extensive agricultural activities and rapid adoption of modern farming equipment.
In North America, the agricultural equipment market was valued at USD 37.37 billion in 2023 and is expected to register a CAGR of over 5.9% during the forecast period. This growth is primarily driven by the abundance of large farmland and the increased adoption of intelligent combine harvesters equipped with monitoring tools to enhance farm yield. Europe also holds a significant position in the market, accounting for 35.3% share in terms of value in 2025. The regions growth is supported by favorable climatic conditions for food production and government support with loan waiver schemes for farmers of all income categories. These regional dynamics underscore the global momentum towards agricultural mechanization and the pursuit of increased productivity in farming practices.
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Cnh Global Nv
Groupe Exel Industries Sa
Caterpillar Incorporated
Agco Corporation
Alamo Group
Iseki & Company
John Deere
Claas Kgaa Mbh
Mtd Products Ag
Bucher Industries
Daedong Industrial Company
Escorts Limited
Mitsubishi Heavy Industries
Kubota Corporation
Fiat Spa
Kverneland Asa
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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 and Farm Machinery Market
Tractors
Harvesters
Plows
Seeders & Planters
Sprayers
Tillage Equipment
Other Agricultural Machinery
Manual Machinery
Power Operated Machinery
Automated Machinery
Diesel-powered Machinery
Electric-powered Machinery
Gasoline-powered Machinery
Hybrid-powered Machinery
Cultivation & Planting
Fertilizing & Irrigation
Pest Control & Crop Protection
Harvesting & Post-Harvest Processing
Soil Preparation & Tillage
Small-Scale Farms
Medium-Scale Farms
Large-Scale Farms
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 and Farm Machinery 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 and Farm Machinery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agricultural and Farm Machinery Market, By Type
6. Global Agricultural and Farm Machinery Market, By Application
7. Global Agricultural and Farm Machinery Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Agricultural and Farm Machinery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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