The global market scale of Agricultural Machinery and Equipment was 123.72 billion dollars in 2024. In the next five years, the global consumption of Agricultural Machinery and Equipment will show upward tendency further, it is expected to reach 111.88 billion dollars by 2025 and 145.42 billion dollars by 2031, with the CAGR of 4.47% from 2025 to 2031.
The global Agricultural Machinery and Equipment market is relatively scatted. There are large multinational enterprises and small local players scatted all around the world. John Deere, CNH Industrial, Kubota, AGCO, Claas captured the top five global revenue share spots in the Agricultural Machinery and Equipment market in 2024, accounting for 50 percent revenue share. LOVOL is the largest player in China.
In this study, the market for Agricultural Machinery and Equipment was divided into five geographic regions. Asia-Pacific occupied the largest production market share with 45% in 2024 in terms of value. It is followed by North America and Europe.
This report aims to provide a comprehensive presentation of the global market for Agricultural Machinery and Equipment, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Agricultural Machinery and Equipment by region & country, by Type, and by Application.
The Agricultural Machinery and Equipment market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Agricultural Machinery and Equipment.
Market Segmentation
By Company
John Deere
CNH Industrial(Case IH and New Holland)
Kubota
AGCO
Claas
Mahindra
Yanmar
LOVOL
WORLD
SDF
JCB
YTO Group
Tractors and Farm Equipment (TAFE)
ISEKI
Exel Industries
Escorts Kubota
Wuzheng
Horsch Maschinen
Rostselmash
Dongfeng Farm
Lemken
Shandong Shifeng
Zoomlion
Segment by Type
Tractors
Harvesters
Spraying Equipment
Planting Equipment
Hay & Forage Equipment
Others
Segment by Application
Crops
Forestry
Horticulture
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Russia
Italy
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Middle East
Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Agricultural Machinery and Equipment company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Agricultural Machinery and Equipment in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Agricultural Machinery and Equipment in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
1.1 Agricultural Machinery and Equipment Product Introduction
1.2 Global Agricultural Machinery and Equipment Market Size Forecast (2020-2031)
1.3 Agricultural Machinery and Equipment Market Trends & Drivers
1.3.1 Agricultural Machinery and Equipment Industry Trends
1.3.2 Agricultural Machinery and Equipment Market Drivers & Opportunity
1.3.3 Agricultural Machinery and Equipment Market Challenges
1.3.4 Agricultural Machinery and Equipment Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Agricultural Machinery and Equipment Players Revenue Ranking (2024)
2.2 Global Agricultural Machinery and Equipment Revenue by Company (2020-2025)
2.3 Key Companies Agricultural Machinery and Equipment Headquarters and Established Date
2.4 Agricultural Machinery and Equipment Market Competitive Analysis
2.4.1 Agricultural Machinery and Equipment Market Concentration Rate (2020-2025)
2.4.2 Global 5 and 10 Largest Companies by Agricultural Machinery and Equipment Revenue in 2024
2.4.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Agricultural Machinery and Equipment as of 2024)
2.5 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Tractors
3.1.2 Harvesters
3.1.3 Spraying Equipment
3.1.4 Planting Equipment
3.1.5 Hay & Forage Equipment
3.1.6 Others
3.2 Global Agricultural Machinery and Equipment Sales Value by Type
3.2.1 Global Agricultural Machinery and Equipment Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Agricultural Machinery and Equipment Sales Value, by Type (2020-2031)
3.2.3 Global Agricultural Machinery and Equipment Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Crops
4.1.2 Forestry
4.1.3 Horticulture
4.1.4 Others
4.2 Global Agricultural Machinery and Equipment Sales Value by Application
4.2.1 Global Agricultural Machinery and Equipment Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Agricultural Machinery and Equipment Sales Value, by Application (2020-2031)
4.2.3 Global Agricultural Machinery and Equipment Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Agricultural Machinery and Equipment Sales Value by Region
5.1.1 Global Agricultural Machinery and Equipment Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Agricultural Machinery and Equipment Sales Value by Region (2020-2025)
5.1.3 Global Agricultural Machinery and Equipment Sales Value by Region (2026-2031)
5.1.4 Global Agricultural Machinery and Equipment Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Agricultural Machinery and Equipment Sales Value, 2020-2031
5.2.2 North America Agricultural Machinery and Equipment Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Agricultural Machinery and Equipment Sales Value, 2020-2031
5.3.2 Europe Agricultural Machinery and Equipment Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Agricultural Machinery and Equipment Sales Value, 2020-2031
5.4.2 Asia Pacific Agricultural Machinery and Equipment Sales Value by Region (%), 2024 VS 2031
5.5 Latin America
5.5.1 Latin America Agricultural Machinery and Equipment Sales Value, 2020-2031
5.5.2 Latin America Agricultural Machinery and Equipment Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Agricultural Machinery and Equipment Sales Value, 2020-2031
5.6.2 Middle East & Africa Agricultural Machinery and Equipment Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Agricultural Machinery and Equipment Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Agricultural Machinery and Equipment Sales Value, 2020-2031
6.3 United States
6.3.1 United States Agricultural Machinery and Equipment Sales Value, 2020-2031
6.3.2 United States Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Agricultural Machinery and Equipment Sales Value, 2020-2031
6.4.2 Europe Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Agricultural Machinery and Equipment Sales Value, 2020-2031
6.5.2 China Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.5.3 China Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Agricultural Machinery and Equipment Sales Value, 2020-2031
6.6.2 Japan Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Agricultural Machinery and Equipment Sales Value, 2020-2031
6.7.2 South Korea Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Agricultural Machinery and Equipment Sales Value, 2020-2031
6.8.2 Southeast Asia Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Agricultural Machinery and Equipment Sales Value, 2020-2031
6.9.2 India Agricultural Machinery and Equipment Sales Value by Type (%), 2024 VS 2031
6.9.3 India Agricultural Machinery and Equipment Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 John Deere
7.1.1 John Deere Profile
7.1.2 John Deere Main Business
7.1.3 John Deere Agricultural Machinery and Equipment Products, Services and Solutions
7.1.4 John Deere Agricultural Machinery and Equipment Revenue (US$ Million) & (2020-2025)
7.2 CNH Industrial(Case IH and New Holland)
7.2.1 CNH Industrial(Case IH and New Holland) Profile
7.2.2 CNH Industrial(Case IH and New Holland) Main Business
7.2.3 CNH Industrial(Case IH and New Holland) Agricultural Machinery and Equipment Products, Services and Solutions
7.2.4 CNH Industrial(Case IH and New Holland) Agricultural Machinery and Equipment Revenue (US$ Million) & (2020-2025)
7.3 Kubota
7.3.1 Kubota Profile
7.3.2 Kubota Main Business
7.3.3 Kubota Agricultural Machinery and Equipment Products, Services and Solutions