세계 농업기계 시장 규모는 2024-2031년 예측 기간 동안 4.86%의 CAGR로 2023년 1,514억 달러에서 2031년 2,213억 1,000만 달러로 확대될 것으로 예상됩니다. 세계 농업기계 시장은 농작업의 효율성과 생산성을 높이기 위해 설계된 다양한 기계를 포함하는 농업 산업에서 역동적이고 필수적인 부문입니다.
시장 성장의 주요 촉진요인으로는 세계 인구 증가로 인한 식량 증산의 필요성, 수요에 대응하기 위한 기계화 농법 채택 확대 등을 꼽을 수 있습니다. 농부들이 더 높은 수확량과 작업 효율을 추구함에 따라 기술적으로 진보된 농업기계에 대한 수요가 급증하고 있으며, GPS 및 IoT와 같은 기술로 가능해진 정밀 농업 기술은 농업에서 정확한 데이터 기반 의사결정을 촉진하여 눈에 띄는 트렌드가 되고 있습니다. 또한, 지속가능성이 중요한 화두로 떠오르면서 친환경적이고 에너지 효율적인 농업기계의 개발이 촉진되고 있습니다.
자동화와 로봇공학을 농업기계에 통합함으로써 전통적인 농법을 변화시키고 노동력에 대한 의존도를 낮추며 전반적인 생산성을 향상시키고 있습니다. 산업이 발전함에 따라 연결성과 데이터 분석이 작물 관리를 최적화하는 데 매우 중요한 역할을 하는 스마트 농업으로의 전환이 두드러지게 나타나고 있습니다. 세계 농업기계 시장은 기술 혁신, 지속가능성, 인구 증가에 따른 식량 공급의 필요성이 교차하는 지점에 위치하고 있으며, 현대 농업의 미래를 형성하고 있습니다.
소비자 선호도의 진화는 세계 농업기계 시장을 크게 형성하고 있으며, 농업기계 산업을 보다 지속가능하고 사회적으로 책임감 있는 관행으로 이끌고 있습니다. 유기농 및 로컬 농산물에 대한 소비자의 인식과 수요가 증가하면서 농부들이 친환경적이고 윤리적인 농법을 지원하는 장비에 투자하는 원동력이 되고 있습니다. 이러한 변화는 스마트 센서 및 데이터 분석과 같은 정밀 농업 기술의 채택을 촉진하여 농부들이 공급망 투명성과 추적 가능성에 대한 수요 증가에 대응할 수 있도록 돕고 있습니다. 또한, 환경에 미치는 영향을 최소화하는 농업기계에 대한 관심이 증가하고 있으며, 이는 탄소 발자국을 줄이고 재배된 제품을 찾는 소비자의 선호와도 일치합니다. 지속가능성이 식품 생산에 있어 중요한 고려사항으로 떠오르면서 농업기계 제조업체들은 친환경적인 솔루션을 혁신하고 통합하여 진화하는 소비자의 기대에 부응해야 할 필요성이 대두되고 있습니다.
이 보고서는 세계 농업기계 시장에 대해 조사했으며, 시장 개요와 함께 농업용 차량 유형별, 장비 유형별, 기능별, 유통 채널별, 지역별 동향, 시장 진입 기업 개요 등을 제공합니다.
Global farm equipment market is projected to witness a CAGR of 4.86% during the forecast period 2024-2031, growing from USD 151.4 billion in 2023 to USD 221.31 billion in 2031. The global farm equipment market is a dynamic and integral sector within the agriculture industry, encompassing a diverse range of machinery designed to enhance efficiency and productivity in farming operations.
Key market drivers for the growth of the market include the rising global population, necessitating increased food production, and growing adoption of mechanized farming practices to meet the demand. As farmers strive for higher yields and operational efficiency, the demand for technologically advanced farm equipment continues to surge. Precision farming techniques, enabled by technologies like GPS and IoT, are becoming prominent trends, facilitating precise and data-driven decision-making in agriculture. Additionally, sustainability has emerged as a critical theme, driving the development of eco-friendly and energy-efficient farm equipment.
The integration of automation and robotics in farm machinery is transforming traditional farming methods, reducing labor dependence, and enhancing overall productivity. As the industry evolves, there is a notable shift towards smart farming practices, where connectivity and data analytics play pivotal roles in optimizing crop management. The global farm equipment market is positioned at the intersection of technological innovation, sustainability, and the imperative to feed a growing population, making it a key player in shaping the future of modern agriculture.
For example, in February 2022, Carbon Robotics introduced its 2022 LaserWeeder implement, an autonomous, laserweeding pull-behind robot that attaches to the back of tractors to chop off 200,000 weeds per hour with lasers. The LaserWeeder uses high-resolution cameras and state-of-the-art computing to distinguish between weeds, enabling precision weed control through an array of high-powered lasers regardless of weather or time of the day.
Evolving Consumer Preferences
Evolving consumer preferences are significantly shaping the global farm equipment market, steering the industry towards more sustainable and socially responsible practices. Increasing consumer awareness and demand for organic and locally sourced produce are driving farmers to invest in equipment that supports environmentally friendly and ethical farming methods. The shift is fostering the adoption of precision agriculture technologies, such as smart sensors and data analytics, enabling farmers to meet the growing demand for transparency and traceability in supply chain. Moreover, there is a rising interest in agricultural machinery that minimizes environmental impact, aligning with consumers' preferences for products cultivated with reduced carbon footprints. As sustainability becomes a key consideration in food production, farm equipment manufacturers are compelled to innovate and integrate eco-friendly solutions to meet the evolving expectations of conscious consumers.
For instance, in January 2024, Clean Seed Capital Group Ltd., announced that it has signed a technology license and manufacturing agreement with Mahindra and Mahindra Limited for the SMART Seeder Mini-MAX. Mahindra will manufacture and distribute the SMART Seeder Mini-MAX in collaboration with Clean Seed. The two companies have been engaged in a collaborative process to finalize the worldwide licensing, manufacturing, and global supply agreement for the SMART Seeder Mini-MAX.
Technological Advancements and Innovation
Technological advancements and innovation are at the forefront of shaping the global farm equipment market. The industry is witnessing a transformative phase with the integration of cutting-edge technologies like GPS, IoT, and automation into farm machinery. Precision farming techniques, enabled by sensors and data analytics, allow for precise and efficient resource management. The development of smart farming solutions, involving AI and machine learning, is driving the evolution of autonomous and connected farm equipment. Sustainable practices, such as the use of eco-friendly materials and energy-efficient technologies, are becoming key considerations. These technological innovations enhance operational efficiency and productivity and address environmental concerns, making them pivotal in steering the future trajectory of global farm equipment market.
For instance, in August 2023, John Deere's new 1 Series Round Balers incorporated innovative Bale Doc technology to track bale moisture and weight in real time. The data can be transmitted to the John Deere Operations Center for post-harvest analysis, enabling farmers to make informed decisions about nutrient management, optimize bale prices, or reduce fertilizer costs. The 1 Series Round Balers feature a new optional High-Capacity Pickup to enhance baling efficiency and reduce operator fatigue.
Growth of E-Commerce Platforms
The market is experiencing a notable surge attributed to the growing influence of e-commerce platforms. Online marketplaces are increasingly becoming pivotal channels for the sale and distribution of farm equipment, providing farmers with convenient access to a wide range of products and technologies. E-commerce platforms offer a transparent and streamlined procurement process, allowing farmers to compare products, access detailed information, and make informed decisions. The digital shift enhances market reach and facilitates global trade by connecting manufacturers with a diverse customer base. Additionally, the integration of online platforms with data analytics and precision farming technologies further empowers farmers with insights, driving the adoption of advanced and tailored solutions. As e-commerce continues to reshape the business landscape, its impact on the farm equipment market is undeniable, fostering efficiency and accessibility in agricultural machinery procurement.
Government Regulations
Government regulations play a pivotal role in shaping the global farm equipment market, influencing manufacturing standards, safety norms, and environmental considerations. Stringent regulations, especially in developed economies, focus on emissions control, safety features, and adherence to environmental standards. In response to climate change concerns, there is a growing emphasis on encouraging the adoption of eco-friendly and sustainable agricultural practices, influencing the design and production of farm equipment. Additionally, regulatory frameworks often address issues related to product quality, labeling, and traceability to ensure consumer safety and fair-trade practices. The global farm equipment industry operates within a dynamic regulatory landscape, where compliance with evolving standards is crucial for manufacturers to navigate the complexities of international markets.
The Clean Air Act gives the EPA the authority to regulate emissions from stationary sources of air pollution. The EPA regulates stationary engines through two main types of regulations: National Emission Standards for Hazardous Air Pollutants (NESHAP) and New Source Performance Standards (NSPS).
NESHAP controls emissions of hazardous air pollutants (HAPs) from new, existing, and modified sources, requiring the use of Maximum Achievable Control Technology (MACT).
NSPS regulates emissions of criteria pollutants from new, modified, and reconstructed sources, mandating initial performance testing and ongoing monitoring to demonstrate compliance with set standards for that source category.
Future Market Scenario (2024 - 2031F)
Increased adoption of precision agriculture technologies, such as sensors, data analytics, and automation, leading to enhanced efficiency and optimized resource utilization.
Growing popularity of autonomous and semi-autonomous farm equipment to address labor shortages and improve overall operational efficiency.
Rising demand for eco-friendly solutions, including electric and hybrid equipment, water-saving irrigation systems, and climate-resilient technologies.
Faster market expansion expected in developing regions like Asia and Africa, while developed markets focus on advanced technologies and replacing aging equipment.
Increasing role of online platforms in equipment sales, spare parts distribution, and disseminating information to farmers globally.
Key Players Landscape and Outlook
The global farm equipment market features a competitive landscape with key players driving innovation and shaping the industry's outlook. Leading companies such as Deere & Company, AGCO Corporation, and CNH Industrial N.V. dominate the market with a diverse range of farm equipment offerings. Deere & Company, renowned for its tractors and precision agriculture solutions, maintains a significant market share. AGCO Corporation focuses on advanced agricultural machinery, and CNH Industrial, through its brands like Case IH and New Holland, offers a comprehensive portfolio. The outlook for the global farm equipment market remains optimistic, with key players investing in technological advancements, sustainability initiatives, and strategic collaborations to meet the evolving demands of modern agriculture and ensure long-term growth.
For instance, in July 2023, Deere & Company completed the acquisition of Smart Apply, Inc. Smart Apply is known for developing the Smart Apply Intelligent Spray Control System(TM), an upgrade kit that enhances the precision and performance of air-blast sprayers used in orchard, vineyard, and tree nursery spraying applications. The technology helps reduce chemical use, airborne drift, and runoff, while optimizing high-value crop yields and supporting sustainability objectives. The acquisition has expanded John Deere's smart-spraying capabilities to high-value crops, furthering its commitment to providing solutions that address growers' challenges related to input costs, regulatory requirements, and environmental goals.
For instance, in August 2023, Mahindra launched seven lightweight 4WD tractors in India under the brand name OJA. The tractors are loaded with pioneering first-in-category technology features based on three technology packs, MYOJA (Intelligence Pack), PROJA (Productivity Pack), and ROBOJA (Automation Pack). The seven models range from 20HP to 40HP and are available in compact and small utility platforms.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.