세계의 농업장비 시장 : 기회, 성장 촉진요인, 산업 동향 분석 및 예측(2025-2034년)

The Global Agriculture Equipment Market was valued at USD 172 billion in 2024 and is estimated to grow at a CAGR of 5.1% to reach USD 291.3 billion by 2034.

The growth reflects a significant shift toward mechanized solutions across the agricultural landscape, as farmers aim to boost efficiency, lower dependence on manual labor, and meet rising global food demands. Small and medium-scale farmers in emerging economies are increasingly investing in modern tools such as harvesters, tillers, and tractors. At the same time, the push for climate-smart farming is reshaping how equipment is built and used. Precision tools, including variable-rate fertilizer sprayers and GPS-integrated seeders, enabling sustainable farming practices, while livestock and horticulture operations are demanding tailored technologies such as automated milking units, greenhouse climate systems, and compact orchard tractors.

Government-backed initiatives and infrastructure development programs are catalyzing the adoption of advanced equipment. In several developing regions, rural incentives for electric and solar-powered machinery and global efforts toward emissions reduction are actively transforming the agriculture equipment space, with automation and sustainability taking center stage.

In 2024, the farm tractor segment generated USD 89.9 billion. Tractors continue to serve as essential assets in agriculture by streamlining plowing, sowing, and transportation activities. Their widespread appeal is supported by technological progress, particularly the integration of automation, AI, and clean fuel capabilities that boost operational performance and meet sustainability goals. From autonomous machinery to low-emission powertrains, the demand for high-tech tractors is gaining momentum across all farming tiers.

The indirect distribution segment accounted for a 65.2% share in 2024, owing to the importance of local dealers and service infrastructure. These networks provide farmers with convenient access to equipment, after-sales support, and financing options. Indirect channels also play a critical role in executing government-supported procurement plans and subsidy allocations, making them vital to the agricultural machinery value chain.

North America Agriculture Equipment Market is anticipated to grow at a CAGR of 3.8% from 2025 through 2034. The U.S. market is witnessing increased adoption of cutting-edge agricultural technologies aimed at lowering costs and enhancing productivity. A combination of supportive policy frameworks and widespread adoption of precision farming tools continues to drive the demand for modern, sustainable equipment solutions.

Prominent players in the Global Agriculture Equipment Industry include CNH Industrial, Valmont Industries, Kubota, SDF Group, CLAAS, Mahindra & Mahindra, Alamo Group, AGCO, Deere & Company (John Deere), Argo Tractors, Escorts, Amazonen-Werke, JCB, China National Machinery Industry Corporation (Sinomach), and Bucher Industries. Major players in the agriculture equipment market are advancing through a mix of product innovation, global expansion, and sustainability-driven solutions. Companies are investing in smart technology integration, including AI-enabled controls, telematics, and precision sensors to improve machine efficiency and user experience. Many are introducing eco-friendly machinery powered by electric, hybrid, or low-emission fuel systems to align with climate goals.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Machinery
  • 2.2.3 Power
  • 2.2.4 Technology
  • 2.2.5 Ownership model
  • 2.2.6 Application
  • 2.2.7 Distribution channel
• 2.3 CXO perspectives: Strategic imperatives
  • 2.3.1 Key decision points for industry executives
  • 2.3.2 Critical success factors for market players
• 2.4 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 Growing demand for high-capacity machinery
    • 3.2.1.2 Increasing demand for self-propelled machines
    • 3.2.1.3 Rising labor shortages and aging rural workforce
  • 3.2.2 Industry pitfalls & challenges
    • 3.2.2.1 High costs of agricultural equipment
    • 3.2.2.2 Volatility of commodity prices
  • 3.2.3 Opportunities
    • 3.2.3.1 Growth of precision agriculture
    • 3.2.3.2 Expansion of rental and leasing models
• 3.3 Growth potential analysis
• 3.4 Future market trends
• 3.5 Technology and innovation landscape
  • 3.5.1 Current technological trends
  • 3.5.2 Emerging technologies
• 3.6 Price trends
  • 3.6.1 By region
  • 3.6.2 By machinery
• 3.7 Regulatory landscape
  • 3.7.1 Standards and compliance requirements
  • 3.7.2 Regional regulatory frameworks
  • 3.7.3 Certification standards
• 3.8 Trade statistics (HS code- 8432; 8433)
  • 3.8.1 Major importing countries
  • 3.8.2 Major exporting countries
• 3.9 Porter’s analysis
• 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By region
    • 4.2.1.1 North America
    • 4.2.1.2 Europe
    • 4.2.1.3 Asia Pacific
    • 4.2.1.4 Latin America
    • 4.2.1.5 Middle East and Africa
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New product launches
  • 4.6.4 Expansion plans

Chapter 5 Market Estimates & Forecast, By Machinery 2021-2034, (USD Billion) (Thousand Units)

• 5.1 Key trends
• 5.2 Farm tractors
  • 5.2.1 Sub-compact utility tractor
  • 5.2.2 Compact utility tractors
  • 5.2.3 Specialty tractor
• 5.3 Harvesting machinery
  • 5.3.1 Combine Harvester
  • 5.3.2 Forage Harvester
  • 5.3.3 Thresher
  • 5.3.4 Reaper
• 5.4 Plowing and cultivation machinery
  • 5.4.1 Ploughs
  • 5.4.2 Harrows
  • 5.4.3 Cultivators & Tillers
• 5.5 Planting and fertilizing machinery
  • 5.5.1 Seed Drills
  • 5.5.2 Planters
  • 5.5.3 Spreaders
  • 5.5.4 Sprayers
• 5.6 Haying machinery
  • 5.6.1 Balers
  • 5.6.2 Mower-Conditioner
  • 5.6.3 Tedders & Rakes
• 5.7 Others

Chapter 6 Market Estimates & Forecast, By Power 2021-2034, (USD Billion) (Thousand Units)

• 6.1 Key trends
• 6.2 < 30 HP
• 6.3 31 - 100 HP
• 6.4 101 - 200 HP
• 6.5 > 200 HP

Chapter 7 Market Estimates & Forecast, By Technology 2021-2034, (USD Billion) (Thousand Units)

• 7.1 Key trends
• 7.2 Manual
• 7.3 Semi-Automated
• 7.4 Fully Automated

Chapter 8 Market Estimates & Forecast, By Ownership model 2021-2034, (USD Billion) (Thousand Units)

• 8.1 Key trends
• 8.2 Owned Equipment
• 8.3 Leased Equipment
• 8.4 Rental Services
• 8.5 Equipment-as-a-Service (EaaS)

Chapter 9 Market Estimates & Forecast, By Application 2021-2034, (USD Billion) (Thousand Units)

• 9.1 Key trends
• 9.2 Row Crops
• 9.3 Fruits & Vegetables
• 9.4 Vineyards & Orchards
• 9.5 Livestock Farming
• 9.6 Forestry

Chapter 10 Market Estimates & Forecast, By Distribution channel, 2021-2034, (USD Billion) (Thousand Units)

• 10.1 Key trends
• 10.2 Direct
• 10.3 Indirect

Chapter 11 Market Estimates & Forecast, By Region, 2021-2034, (USD Billion) (Thousand Units)

• 11.1 Key trends
• 11.2 North America
  • 11.2.1 U.S.
  • 11.2.2 Canada
• 11.3 Europe
  • 11.3.1 UK
  • 11.3.2 Germany
  • 11.3.3 France
  • 11.3.4 Italy
  • 11.3.5 Spain
• 11.4 Asia Pacific
  • 11.4.1 China
  • 11.4.2 India
  • 11.4.3 Japan
  • 11.4.4 South Korea
  • 11.4.5 Australia
  • 11.4.6 Malaysia
• 11.5 Latin America
  • 11.5.1 Brazil
  • 11.5.2 Mexico
• 11.6 MEA
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 South Africa

Chapter 12 Company Profiles

• 12.1 AGCO
• 12.2 Alamo Group
• 12.3 Amazonen-Werke
• 12.4 Argo Tractors
• 12.5 Bucher Industries
• 12.6 China National Machinery Industry Corporation (Sinomach)
• 12.7 CLAAS
• 12.8 CNH Industrial
• 12.9 Deere & Company (John Deere)
• 12.10 Escorts
• 12.11 JCB
• 12.12 Kubota
• 12.13 Mahindra & Mahindra
• 12.14 SDF Group
• 12.15 Valmont Industries