Global Agriculture Equipment Market Outlook to 2027

By Product (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay and Forage Equipment and Others) By Application (Land Development and Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-harvest and Agro-processing) By Geography (North America, Europe, Asia Pacific, LAMEA-‘Latin America, Middle East, Africa’)


Author(s):Satyam Dwivedi

Product Code:KROD167

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Published on

May 2023

Total pages


About the Report

About the Report

The report provides a comprehensive analysis of the potential of the agriculture equipment market in the world. The report covers an overview and genesis of the industry, market size in terms of revenue generated.

The Global agriculture equipment market segmentations include Product, Application and Geography; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the global agriculture equipment market is forecasted to grow at a robust CAGR in the period of 2022-2027, owing to increasing population throughout the globe, increasing mechanization in the agriculture sector coupled with the surge in farmers’ income.

Global Agriculture Equipment Market Revenue

  • The Asia Pacific region is expected to hold a significant global agricultural equipment market share during the forecast period. Due to the region's dependence on agriculture for a sizable portion of its economies.
  • The increasing welfare programs by the government in the agriculture sector shows a significant role in the equipment market. 

Key Trends by Market Segment:

By Product Insights:The tractor segment accounted for the largest revenue share of 2021, attributed to the labour shortage and the growing population to meet the global food requirements, which has made tractors a prerequisite for increasing productivity in the agriculture industry.

Global Agriculture Equipment Market By Product Insights

By Application: The land development and seedbed preparation segment accounted for the most of the revenue share in 2021 and is expected to expand at a significant CAGR during the forecast period.

Global Agriculture Equipment Market By Application

Competitive Landscape

Competitive Landscape

Future Outlook

Global Agriculture Equipment Market is projected to show significant growth in the forecasted period of 2022-2027, with rising awareness about equipment benefits and various favourable government policies altogether.

Scope Of The Report

Scope of the Report

By Product



Planting Equipment

Irrigation & Crop Processing Equipment

Spraying Equipment

Hay and Forage Equipment


By Application

Land Development and Seed Bed Preparation

Sowing & Planting

Weed Cultivation

Plant Protection

Harvesting and Threshing



By Geography

North America-USA, Canada, Mexico:

Europe-France, Italy, Germany, Spain, UK, Rest of Europe:

Asia Pacific-China, India, Japan, South Korea, Australia, Rest of Asia Pacific:

LAMEA-Latin America, Middle East, Africa

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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report 

  • Farm Machinery Providers
  • Agriculture Equipment Distributors
  • Agriculture Equipment Manufacturers
  • Government Bodies & Regulating Authorities
  • Existing Farm Services providers
  • New Market Entrants
  • Investors

Time Period Captured in the Report

  • Historical Period: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027


Major Players

  • AGCO Corporation
  • FlieglAgro-Center GmbH
  • Agromaster
  • Amazone Inc.
  • APV GmbH
  • Bellota Agrisolutions
  • CNH Industrial N.V.
  • Deere & Company
  • Escorts Limited
  • HORSCH Maschinen GmbH
  • ISEKI & Co., Ltd.
  • J C Bamford Excavators Ltd
  • Quivogne CEE GmbH (Kiwon RUS LLC)
  • Rostselmash
  • KUBOTA Corporation
  • LEMKEN GmbH & Co. KG
  • Mahindra & Mahindra Ltd.
  • MascarSpA
  • MaschioGaspardo S.p.A
  • MaterMacc S.p.A
  • Morris Equipment Ltd
  • SDF S.p.A.
  • Tractors and Farm Equipment Limited (TAFE)
  • Väderstad AB
  • Valmont Industries, Inc

Table of Contents

Table of Contents

1. Executive Summary

2. Market Overview

2.1 Taxonomy of Global Agriculture Equipment Market

2.2 Industry Value Chain

2.3 Ecosystem

2.4 Government Regulations/Initiatives for Global Agriculture Equipment Market

2.5 Growth Drivers of Global Agriculture Equipment Market

2.6 Issues and Challenges of Global Agriculture Equipment Market

2.7 Impact of COVID-19 on Global Agriculture Equipment Market

2.8 PESTLE/SWOT Analysis

3. Global Agriculture Equipment Market Size, 2017 – 2022

4. Global Agriculture Equipment Market Segmentation

4.1   By Application, 2017 - 2022

4.2 By Product, 2017 - 2022

4.3 By Regional Split (North America/Europe/Asia-Pacific/LAMEA), 2017 - 2022

5. Competitive Landscape

5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

5.2 Strategies Adopted by Leading Players

5.3 Company Profiles – (Top 5 - 7 Major Players)

5.3.1 AGCO Corporation

5.3.2 Agro master

5.3.3 Amazone Inc.

5.3.4 Bellota Agri solutions

5.3.5 Escorts Limited

5.3.6 Morris Equipment Ltd

5.3.7 Mahindra & Mahindra Ltd

6. Global Agriculture Equipment Future Market Size, 2022 – 2027

7. Global Agriculture Equipment Future Market Segmentation

7.1   By Application, 2022 - 2027

7.2 By Product, 2022 - 2027

7.3 By Regional Split (North America/Europe/Asia-Pacific/LAMEA), 2022 - 2027

8. Analyst Recommendations

9. Research Methodology

10. Disclaimer

11. Contact Us

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Research Methodology

Research Methodology

Step 1: Identifying Key Variables:

Our team will initially create an ecosystem for all the entities in the Agriculture Equipment Market globally.

Step 2: Market Building:

In the next step, we have referred to multiple secondary and proprietary databases to perform deck research around the market and collate industry-level information to create an initial level hypothesis. We will also explore company-level info by referring press releases, annual reports, financial statements, and other documents to understand basic information about the companies and market level.

Step 3: Validating and Finalizing:

Later our team will conduct a series of Interviews with multiple C-Level Executives and other stakeholders belonging to different companies to confirm the market hypothesis, validate statistics and seek operational and financial information from company representatives.

Step 4: Research Output:

Furthermore, to validate this data our team will pitch each company as a potential customer through a mystery shopping exercise and will confirm the operational and financial performance of global Agriculture Equipment market entities which have been shared by company executives and available on secondary databases. We will be conducting another set of CATIs with the respective entities to understand customer behaviour, channel preference, and other factors. We will also assess customer analysis in terms of their preferences and pain points.

Frequently Asked Questions

Frequently Asked Questions

01 Who is the largest agricultural equipment manufacturer in the world?

In 2022, Deer & Company was the largest agricultural equipment manufacturer in the world.

02 How big is Global Agriculture Equipment Market?

The global agriculture equipment market is expected to reach USD 160 Mn by 2027.

03 What is the size of agricultural equipment market in India?

The Indian agricultural equipment market was valued at INR 1,023 Bn in 2022.

04 Who are the Major Players in the Global Agriculture Equipment Market? 

Major players in global agriculture equipment market include Deere & Company, AGCO Corporation, Agro Centre ESCORTS and Mahindra.

05 Which is the largest e Segment in Global Agriculture Equipment Market?

Tractor in product type segment holds the largest share in Global Agriculture Equipment Market in 2022.

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