North America Agriculture Equipment Market Size & Outlook
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North America agriculture equipment market highlights
- The North America agriculture equipment market generated a revenue of USD 38,828.5 million in 2024.
- The market is expected to grow at a CAGR of 7.2% from 2025 to 2033.
- In terms of segment, tractors was the largest revenue generating product in 2024.
- Harvesters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 38,828.5 million |
| Market revenue in 2033 | USD 70,604.0 million |
| Growth rate | 7.2% (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 |
| Key market players worldwide | AGCO Corp, AgriFORCE Growing Systems Ltd, CNH Industrial NV, Deere & Co, Mensch und Maschine Software SE, Iseki & Co Ltd, Kubota Corp, Bucher Industries AG, Mahindra & Mahindra Ltd DR, Masco Corp, First Tractor Co Ltd Class H, AB Science, Valmont Industries Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 22.9% of the global agriculture equipment market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 121,434.8 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 |
North America 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 37.15% in 2024. Horizon Databook has segmented the North America 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.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America agriculture equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America agriculture equipment market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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North America agriculture equipment market size, by country, 2021-2033 (US$M)
North America Agriculture Equipment Market Outlook Share, 2024 & 2033 (US$M)
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