농업 장비 시장 : 기계 유형별, 출력별, 구동 방식별, 용도별, 유통 채널별, 지역별 - 시장 규모, 업계 동향, 기회 분석 및 예측(2026-2035년)

The agricultural equipment market is undergoing a substantial transformation, reflecting both rapid growth and evolving industry dynamics. In 2025, the market was valued at approximately US$ 302.36 billion, and it is projected to nearly double over the next decade, reaching an estimated valuation of US$ 689.96 billion by 2035. This remarkable expansion corresponds to a compound annual growth rate (CAGR) of 8.6% during the forecast period from 2026 to 2035, signaling strong and sustained demand across the sector.

Several key factors are driving this growth. Technological advancements play a central role, with innovations such as precision agriculture, automation, robotics, and alternative fuel-powered machinery reshaping how farming operations are conducted. These technologies enable farmers to increase productivity, reduce waste, and optimize resource use, addressing critical challenges related to labor shortages, environmental sustainability, and cost efficiency. Additionally, evolving farming practices that emphasize sustainable and efficient methods are encouraging the adoption of modern equipment tailored to meet these needs.

Noteworthy Market Developments

The agricultural equipment market is largely an oligopoly, dominated by a group often referred to as the "Big Four," each holding significant influence but with evolving competitive dynamics that are reshaping the industry's landscape. John Deere stands out as the undisputed leader in technological innovation, consistently pushing the boundaries with advanced machinery, precision agriculture tools, and cutting-edge automation solutions. Their strong emphasis on integrating smart technologies has solidified their position as the go-to brand for farmers seeking reliable, high-tech equipment.

CNH Industrial, which operates brands such as Case IH and New Holland, has carved a distinct niche by focusing heavily on alternative fuels and autonomous technologies. Their acquisition of Raven Industries has accelerated their capabilities in autonomy, particularly in precision applications and methane-powered machinery, positioning them as pioneers in sustainable and efficient farming solutions.

AGCO, through its Fendt and Massey Ferguson brands, is targeting the premium segment of the market, especially in North America. Fendt, in particular, is positioning itself as the "premium" or "luxury" technology leader, aiming to capture high-end market share with innovative, high-performance equipment that appeals to farmers willing to invest in top-tier machinery.

Kubota dominates the compact tractor segment, a vital market portion that serves small to mid-sized farms globally. Beyond their stronghold in this category, Kubota is aggressively investing in robotics and autonomous fruit-picking startups, signaling their ambition to lead in emerging areas of agricultural automation.

Core Growth Drivers

The global labor crisis is a critical factor fueling growth in the agricultural equipment market. One of the most striking indicators of this crisis is the aging farmer population in key agricultural countries. For example, the average age of farmers in the United States is 58, while in Japan it rises even higher to 67. This demographic trend highlights a shrinking labor pool, as fewer young people are entering the farming profession and the existing workforce continues to age. As a result, the availability of skilled agricultural labor is rapidly declining, creating significant challenges for maintaining current levels of agricultural output.

Emerging Opportunity Trends

The integration of automation and robotics is becoming an increasingly prominent feature in modern agriculture, especially within the agricultural equipment markets of North America and Europe. This growing trend reflects the sector's response to several pressing challenges that farmers face today, most notably labor shortages and escalating operational costs. As the availability of skilled agricultural labor declines, farmers and equipment manufacturers alike are turning to automated solutions to maintain productivity and efficiency. Automation and robotics offer the potential to revolutionize traditional farming practices by reducing reliance on manual labor and improving precision in key operations such as planting, harvesting, and crop management.

Barriers to Optimization

The high cost of ownership presents a significant challenge to the growth of the agricultural equipment market. For instance, the price of a flagship combine harvester has now surpassed the $1 million mark, making it a substantial capital investment. Such a steep price tag creates a formidable financial barrier, particularly for small-to-mid-sized farming operations that often operate with limited budgets and tighter cash flows. The capital intensity required to acquire these advanced machines can deter many farmers from upgrading or expanding their equipment fleets, slowing overall market expansion.

Detailed Market Segmentation

By Power Output, the 71-130 horsepower (HP) segment holds a dominant position in the agricultural tractor market, commanding over 44.6% of the total market share. This power range is highly favored because it strikes an ideal balance between strength and versatility, making it the preferred choice for mixed-farming operations around the world. Tractors within this segment are powerful enough to handle a wide variety of tasks, yet remain manageable and efficient for diverse agricultural needs. This versatility allows farmers to use a single machine for multiple purposes, from tillage to livestock-related activities, which is especially valuable for farms that require flexible equipment.

By Drive Type, Two-wheel drive (2WD) tractors dominate the market by drive type, holding a commanding 77.3% share. This significant preference is largely driven by their cost-effectiveness and their adaptability to the specific soil conditions and crop varieties common in some of the world's largest agricultural markets, such as India and China. For millions of smallholder farmers in the Asia-Pacific region, 2WD tractors provide an affordable and practical mechanization solution that fits both their budget constraints and the agricultural landscape they work within.

By Application, harvesting and threshing machinery commands the largest share of revenue, capturing approximately 33% of the market. This dominant position is largely due to its ability to tackle one of the agricultural sector's most pressing challenges: the persistent global labor shortage. As more rural workers migrate to urban areas in search of better opportunities, the availability of manual labor for essential farming tasks continues to decline. This demographic shift has placed immense pressure on farmers to find efficient alternatives to traditional labor-intensive methods.

Segment Breakdown

By Equipment Type

• Soil Cultivation Machinery
• Cultivator
• Cultipacker
• Plough
• Rotary Tiller
• Harrow
• Others
• Planting Machinery
• Seed Drill
• Broadcast Seeder
• Seed cum fertilizer Drill
• Fertilizing & Pest Control Machinery
• Manure Spreader
• Slurry Tank
• Sprayer
• Irrigation Equipment
• Centrifugal Pumps
• Sprinklers
• Others
• Harvesting & Threshing Equipment
• Combine Harvester
• Sickle
• Mower
• Reaper
• Threshers
• Tractors
• Others

By Power Output

• <30 HP
• 31-70 HP
• 71-130 HP
• 131-250 HP
• >250 HP

By Drive Type

• Two-Wheel Drive
• Four-Wheel Drive

By Application

• Land Development & Seed Bed Preparation
• Sowing & Planting
• Weed Cultivation
• Plant Protection
• Harvesting & Threshing
• Post-Harvest & Agro Processing

By Distribution Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)
• South America

Geography Breakdown

• North America holds the position as the largest market for agricultural equipment, with the regional market size reaching an impressive $45.2 billion in 2025, according to data from the Association of Equipment Manufacturers (AEM). However, despite this substantial market size, growth has slowed to a modest 2.1% year-over-year. This slowdown can be attributed to several factors, including elevated inventory levels and a significant rise in farmer debt, which has reached over $500 billion-its highest level in 15 years.
• The market is characterized by near-universal compliance with stringent emissions standards, specifically Tier 4 Final and Tier 5 regulations, with 98% of the fleet meeting these requirements. As a result, demand has shifted away from new equipment sales toward retrofitting existing machines and the development of electric and hybrid prototypes. However, the market faces saturation challenges because approximately 70% of tractors in use are post-2015 models, which require minimal upgrades, limiting the potential for substantial aftermarket growth.

Leading Market Participants

• AGCO Corporation
• Bellota
• China National Machinery Industry Corporation Ltd.
• CLAAS KGaA MBH
• CNH Industrial N.V.
• Deere & Company
• Escorts Limited
• Horsch Maschinen GmbH
• J.C. Bamford Excavators Ltd.
• Kubota Corporation
• Mahindra & Mahindra Ltd.
• MARUYAMA MFg., Co.Inc.
• Maschio Gaspardo S.P.A.
• Mater Macc S.p.A.
• Morris Industries Ltd.
• SDF S.p.A.
• TAFE
• Valmont Industries, Inc.
• Other Prominent Players

Table of Content

Chapter 1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

Chapter 2. Research Methodology

• 2.1. Qualitative Research
  • 2.1.1. Primary & Secondary Sources
• 2.2. Quantitative Research
  • 2.2.1. Primary & Secondary Sources
• 2.3. Breakdown of Primary Research Respondents, By Region
• 2.4. Assumption for the Study
• 2.5. Market Size Estimation
• 2.6. Data Triangulation

Chapter 3. Executive Summary: Global Agricultural Equipment Market

Chapter 4. Global Agricultural Equipment Market Overview

• 4.1. Industry Value Chain Analysis
  • 4.1.1. Raw Material Provider
  • 4.1.2. Manufacturer
  • 4.1.3. Distributor
  • 4.1.4. End User
• 4.2. Industry Outlook
  • 4.2.1. Agricultural Industry Outlook Across Region
  • 4.2.2. Top Agricultural Producing Countries
  • 4.2.3. Overview of Engine Component in agricultural machinery, By Channel
    • 4.2.3.1. B2B
      • 4.2.3.1.1. Direct
      • 4.2.3.1.2. Distributor
    • 4.2.3.2. B2C
• 4.3. PESTLE Analysis
• 4.4. Porter's Five Forces Analysis
  • 4.4.1. Bargaining Power of Suppliers
  • 4.4.2. Bargaining Power of Buyers
  • 4.4.3. Threat of Substitutes
  • 4.4.4. Threat of New Entrants
  • 4.4.5. Degree of Competition
• 4.5. Market Dynamics and Trends
  • 4.5.1. Growth Drivers
  • 4.5.2. Restraints
  • 4.5.3. Challenges
  • 4.5.4. Key Trends
    • 4.5.4.1. Technologies & Innovations
    • 4.5.4.2. Adoption of sustainable mechanization
• 4.6. Covid-19 Impact Assessment on Market Growth Trend
• 4.7. Market Growth and Outlook
  • 4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2020 - 2035
  • 4.7.2. Market Volume Estimates and Forecast (000' Units), 2020 - 2035
  • 4.7.3. Price Trend Analysis, By Equipment Type
• 4.8. Competition Dashboard
  • 4.8.1. Market Concentration Rate
  • 4.8.2. Company Market Share Analysis (Value %), 2025
  • 4.8.3. Competitor Mapping

Chapter 5. Global Agricultural Equipment Market Analysis, By Equipment Type

• 5.1. Key Insights
• 5.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 5.2.1. Soil Cultivation Machinery
    • 5.2.1.1. Cultivator
    • 5.2.1.2. Cultipacker
    • 5.2.1.3. Plough
    • 5.2.1.4. Rotary Tiller
    • 5.2.1.5. Harrow
    • 5.2.1.6. Others
  • 5.2.2. Planting Machinery
    • 5.2.2.1. Seed Drill
    • 5.2.2.2. Broadcast Seeder
    • 5.2.2.3. Seed cum fertilizer Drill
  • 5.2.3. Fertilizing & Pest Control Machinery
    • 5.2.3.1. Manure Spreader
    • 5.2.3.2. Slurry Tank
    • 5.2.3.3. Sprayer
  • 5.2.4. Irrigation Equipment
    • 5.2.4.1. Centrifugal Pumps
    • 5.2.4.2. Sprinklers
    • 5.2.4.3. Others
  • 5.2.5. Harvesting & Threshing Equipment
    • 5.2.5.1. Combine Harvester
    • 5.2.5.2. Sickle
    • 5.2.5.3. Mower
    • 5.2.5.4. Reaper
    • 5.2.5.5. Threshers
    • 5.2.5.6. Tractors
    • 5.2.5.7. Others

Chapter 6. Global Agricultural Equipment Market Analysis, By Power Output

• 6.1. Key Insights
• 6.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 6.2.1. <30 HP
  • 6.2.2. 31-70 HP
  • 6.2.3. 71-130 HP
  • 6.2.4. 131-250 HP
  • 6.2.5. >250 HP

Chapter 7. Global Agricultural Equipment Market Analysis, By Drive Type

• 7.1. Key Insights
• 7.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 7.2.1. Two-Wheel Drive
  • 7.2.2. Four-Wheel Drive

Chapter 8. Global Agricultural Equipment Market Analysis, By Application

• 8.1. Key Insights
• 8.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 8.2.1. Land Development & Seed Bed Preparation
  • 8.2.2. Sowing & Planting
  • 8.2.3. Weed Cultivation
  • 8.2.4. Plant Protection
  • 8.2.5. Harvesting & Threshing
  • 8.2.6. Post-Harvest & Agro Processing

Chapter 9. Global Agricultural Equipment Market Analysis, By Distribution Channel

• 9.1. Key Insights
• 9.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 9.2.1. OEM
  • 9.2.2. Aftermarket

Chapter 10. Global Agricultural Equipment Market Analysis, By Region

• 10.1. Key Insights
• 10.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 10.2.1. North America
    • 10.2.1.1. The U.S.
    • 10.2.1.2. Canada
    • 10.2.1.3. Mexico
  • 10.2.2. Europe
    • 10.2.2.1. The UK
    • 10.2.2.2. Germany
    • 10.2.2.3. France
    • 10.2.2.4. Italy
    • 10.2.2.5. Spain
    • 10.2.2.6. Poland
    • 10.2.2.7. Russia
    • 10.2.2.8. Belgium
    • 10.2.2.9. Rest of Europe
  • 10.2.3. Asia Pacific
    • 10.2.3.1. China
    • 10.2.3.2. India
    • 10.2.3.3. Japan
    • 10.2.3.4. South Korea
    • 10.2.3.5. Australia & New Zealand
    • 10.2.3.6. ASEAN
      • 10.2.3.6.1. Thailand
      • 10.2.3.6.2. Singapore
      • 10.2.3.6.3. Vietnam
      • 10.2.3.6.4. Indonesia
      • 10.2.3.6.5. Malaysia
      • 10.2.3.6.6. Philippines
      • 10.2.3.6.7. Rest of ASEAN
    • 10.2.3.7. Rest of Asia Pacific
  • 10.2.4. Middle East & Africa
    • 10.2.4.1. UAE
    • 10.2.4.2. Saudi Arabia
    • 10.2.4.3. South Africa
    • 10.2.4.4. Rest of MEA
  • 10.2.5. South America
    • 10.2.5.1. Argentina
    • 10.2.5.2. Brazil
    • 10.2.5.3. Rest of South America

Chapter 11. North America Agricultural Equipment Market Analysis

• 11.1. Key Insights
• 11.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 11.2.1. By Equipment Type
  • 11.2.2. By Power Output
  • 11.2.3. By Drive Type
  • 11.2.4. By Application
  • 11.2.5. By Distribution Channel
  • 11.2.6. By Country

Chapter 12. Europe Agricultural Equipment Market Analysis

• 12.1. Key Insights
• 12.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 12.2.1. By Equipment Type
  • 12.2.2. By Power Output
  • 12.2.3. By Drive Type
  • 12.2.4. By Application
  • 12.2.5. By Distribution Channel
  • 12.2.6. By Country

Chapter 13. Asia Pacific Agricultural Equipment Market Analysis

• 13.1. Key Insights
• 13.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 13.2.1. By Equipment Type
  • 13.2.2. By Power Output
  • 13.2.3. By Drive Type
  • 13.2.4. By Application
  • 13.2.5. By Distribution Channel
  • 13.2.6. By Country

Chapter 14. Middle East & Africa Agricultural Equipment Market Analysis

• 14.1. Key Insights
• 14.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 14.2.1. By Equipment Type
  • 14.2.2. By Power Output
  • 14.2.3. By Drive Type
  • 14.2.4. By Application
  • 14.2.5. By Distribution Channel
  • 14.2.6. By Country

Chapter 15. South America Agricultural Equipment Market Analysis

• 15.1. Key Insights
• 15.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 15.2.1. By Equipment Type
  • 15.2.2. By Power Output
  • 15.2.3. By Drive Type
  • 15.2.4. By Application
  • 15.2.5. By Distribution Channel
  • 15.2.6. By Country

Chapter 16. The U.S. Agricultural Equipment Market Analysis

• 16.1. Key Insights
• 16.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 16.2.1. By Equipment Type
  • 16.2.2. By Power Output
  • 16.2.3. By Drive Type
  • 16.2.4. By Application
  • 16.2.5. By Distribution Channel

Chapter 17. France Agricultural Equipment Market Analysis

• 17.1. Key Insights
• 17.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 17.2.1. By Equipment Type
  • 17.2.2. By Power Output
  • 17.2.3. By Drive Type
  • 17.2.4. By Application
  • 17.2.5. By Distribution Channel

Chapter 18. Italy Agricultural Equipment Market Analysis

• 18.1. Key Insights
• 18.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 18.2.1. By Equipment Type
  • 18.2.2. By Power Output
  • 18.2.3. By Drive Type
  • 18.2.4. By Application
  • 18.2.5. By Distribution Channel

Chapter 19. Belgium Agricultural Equipment Market Analysis

• 19.1. Key Insights
• 19.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 19.2.1. By Equipment Type
  • 19.2.2. By Power Output
  • 19.2.3. By Drive Type
  • 19.2.4. By Application
  • 19.2.5. By Distribution Channel

Chapter 20. India Agricultural Equipment Market Analysis

• 20.1. Key Insights
• 20.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 20.2.1. By Equipment Type
  • 20.2.2. By Power Output
  • 20.2.3. By Drive Type
  • 20.2.4. By Application
  • 20.2.5. By Distribution Channel

Chapter 21. Vietnam Agricultural Equipment Market Analysis

• 21.1. Key Insights
• 21.2. Market Size and Forecast, 2020 - 2035 (US$ Bn and 000' Units)
  • 21.2.1. By Equipment Type
  • 21.2.2. By Power Output
  • 21.2.3. By Drive Type
  • 21.2.4. By Application
  • 21.2.5. By Distribution Channel

Chapter 22. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

• 22.1. AGCO Corporation
• 22.2. Bellota
• 22.3. China National Machinery Industry Corporation Ltd.
• 22.4. CLAAS KGaA MBH
• 22.5. CNH Industrial N.V.
• 22.6. Deere & Company
• 22.7. Escorts Limited
• 22.8. Horsch Maschinen GmbH
• 22.9. J.C. Bamford Excavators Ltd.
• 22.10. Kubota Corporation
• 22.11. Mahindra & Mahindra Ltd.
• 22.12. MARUYAMA MFg., Co.Inc.
• 22.13. Maschio Gaspardo S.P.A.
• 22.14. Mater Macc S.p.A.
• 22.15. Morris Industries Ltd.
• 22.16. SDF S.p.A.
• 22.17. TAFE
• 22.18. Valmont Industries, Inc.
• 22.20. Other Prominent Players