Global Agriculture Equipment Market Size & Outlook
Global agriculture equipment market, 2021-2033 (US$M)
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Global agriculture equipment market highlights
- The global agriculture equipment market generated a revenue of USD 169,551.8 million in 2024 and is expected to reach USD 295,280.0 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 6.7% by 2033.
- In terms of segment, tractors accounted for a revenue of USD 61,937.7 million in 2024.
- 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 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 169,551.8 million |
| Market revenue in 2033 | USD 295,280.0 million |
| Growth rate | 6.7% (CAGR from 2025 to 2033) |
| Largest segment | Tractors |
| Fastest growing segment | Harvesters |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| 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 22.9% of the global agriculture equipment market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, China is the fastest growing regional market and is projected to reach USD 45,201.9 million by 2033.
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Agriculture Equipment Market Scope
Agriculture Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AB Science | View profile | 53 | 3, Avenue George V, Paris, France, 75008 | https://www.ab-science.com |
| First Tractor Co Ltd Class H | View profile | 6891 | No. 154 Jianshe Road, Henan Province, Luoyang, China, People's Republic of, 471004 | http://www.first-tractor.com.cn |
| Bucher Industries AG | View profile | 14858 | Murzlenstrasse 80, Niederweningen, Switzerland, 8166 | https://www.bucherindustries.com |
| Kubota Corp | View profile | 65532 | 2-47, Shikitsuhigashi 1-Chome, Naniwa-ku, Osaka, Japan, 556-8601 | http://www.kubota.co.jp |
| Iseki & Co Ltd | View profile | 6584 | 3-14, Nishi-Nippori 5-chome, Arakawa-ku, Tokyo, Japan, 799-2692 | http://www.iseki.co.jp |
| Mensch und Maschine Software SE | View profile | 1157 | Argelsrieder Feld 5, Wessling, BY, Germany, 82234 | https://www.mum.de |
| AgriFORCE Growing Systems Ltd | View profile | 7 | 800 – 525 West 8th Avenue, Vancouver, BC, Canada, V5Z 1C6 | https://www.agriforcegs.com |
| Mahindra & Mahindra Ltd DR | View profile | 61874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | https://www.mahindra.com |
| AGCO Corp | View profile | 27900 | 4205 River Green Parkway, Duluth, GA, United States, 30096 | https://www.agcocorp.com |
| Valmont Industries Inc | View profile | 11125 | 15000 Valmont Plaza, Omaha, NE, United States, 68154-5215 | https://www.valmont.com |
| Masco Corp | View profile | 18000 | 17450 College Parkway, Livonia, MI, United States, 48152 | https://www.masco.com |
| CNH Industrial NV | View profile | 40496 | Cranes Farm Road, Basildon, Essex, London, United Kingdom, SS14 3AD | https://www.cnhindustrial.com |
| Deere & Co | View profile | 83000 | One John Deere Place, Moline, IL, United States, 61265 | https://www.deere.com |
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 36.53% in 2024. 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 2021 to 2033.
- Global Agriculture Equipment Product Outlook (Revenue, USD Million, 2021-2033)
- 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, 2021-2033)
- 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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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 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global agriculture equipment market size, by regions, 2021-2033 (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, 2024 (US$M)
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