Global Agriculture Equipment Market Size & Outlook
Global agriculture equipment market, 2018-2030 (US$M)
Related Markets
Global agriculture equipment market highlights
- The global agriculture equipment market generated a revenue of USD 159,423.5 million in 2022 and is expected to reach USD 236,039.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5% by 2030.
- In terms of segment, tractors accounted for a revenue of USD 54,853.3 million in 2022.
- Harvesters is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, UAE is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 159,423.5 million |
| Market revenue in 2030 | USD 236,039.8 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Tractors |
| Fastest growing segment | Harvesters |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 22.7% of the global agriculture equipment market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UAE is the fastest growing regional market and is projected to reach USD 1,032.3 million by 2030.
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Agriculture Equipment Market Scope
Agriculture Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global agriculture equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agriculture equipment market will help companies and investors design strategic landscapes.
Tractors was the largest segment with a revenue share of 34.41% in 2022. Horizon Databook has segmented the Global agriculture equipment market based on tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Agriculture Equipment Product Outlook (Revenue, USD Million, 2018-2030)
- Tractors
- Harvesters
- Planting Equipment
- Row crop planters
- Air seeders
- Grain drills
- Others
- Irrigation & Crop Processing Equipment
- Spraying Equipment
- Hay & Forage Equipment
- Others
- Global Agriculture Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Land Development & Seed Bed Preparation
- Sowing & Planting
- Weed Cultivation
- Plant Protection
- Harvesting & Threshing
- Post-harvest & Agro Processing
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Target buyers of Global agriculture equipment market databook
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Our clientele includes a mix of agriculture equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global agriculture equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global agriculture equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global agriculture equipment market size, by regions, 2018-2030 (US$M)
Top 10 countries: Agriculture equipment market size, 2022 (US$M)
Global agriculture equipment market share, by product, 2022 & 2030 (%, US$M)
Agriculture equipment market: Opportunity assessment by country
Global agriculture equipment market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 31,220.0 | 32,475.4 | 31,719.0 | 35,129.1 | 36,151.1 | 37,365.5 | 38,828.5 | 40,507.8 | 42,527.3 | 45,039.6 | 48,147.3 | 51,681.1 | 55,644.4 | 5.5% |
| Europe | 37,359.4 | 38,435.3 | 37,128.3 | 40,669.0 | 41,411.6 | 42,351.8 | 43,546.0 | 44,950.0 | 46,692.8 | 48,928.6 | 51,751.2 | 54,961.3 | 58,548.7 | 4.4% |
| Asia Pacific | 49,625.9 | 51,942.2 | 51,065.4 | 56,875.6 | 58,850.8 | 61,155.7 | 63,887.7 | 66,999.4 | 70,702.2 | 75,259.2 | 80,854.6 | 87,216.8 | 94,361.6 | 6.1% |
| Latin America | 12,521.3 | 12,656.0 | 12,039.3 | 12,914.4 | 12,933.7 | 13,003.4 | 13,137.2 | 13,317.7 | 13,578.6 | 13,957.9 | 14,473.4 | 15,059.8 | 15,707.2 | 2.5% |
| MEA | 9,975.8 | 10,032.7 | 9,388.8 | 10,099.0 | 10,076.2 | 10,090.7 | 10,152.4 | 10,247.0 | 10,399.8 | 10,638.6 | 10,975.0 | 11,357.8 | 11,777.9 | 2.0% |
| Overall | 140,702.5 | 145,541.7 | 141,340.9 | 155,687.0 | 159,423.5 | 163,967.0 | 169,551.8 | 176,021.9 | 183,900.6 | 193,823.9 | 206,201.5 | 220,276.8 | 236,039.8 | 5.0% |
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