농업 장비 시장 기회, 성장 촉진요인, 업계 동향 분석 및 예측(2026-2035년)

The Global Farm Equipment Market was valued at USD 186.9 billion in 2025 and is estimated to grow at a CAGR of 6.5% to reach USD 350.9 billion by 2035.

This steady momentum reflects the rapid evolution of modern agriculture, which is being shaped by mechanization, rising food demand, and technological breakthroughs. The market spans a broad spectrum of tools and machinery engineered to increase farm productivity, reduce reliance on labor, and streamline operations across crop cultivation, livestock management, and horticulture. Equipment ranges from traditional tractors and combine harvesters to next-generation automated systems powered by sensors, artificial intelligence, and guided navigation. Precision farming solutions, including GPS-enabled machinery, advanced sensors, and drones, are reshaping field management by improving input utilization and enabling data-driven decisions. These technologies support variable-rate applications, real-time monitoring, and optimized resource allocation, helping farmers improve yields while reducing input costs by 15-20%. Growing emphasis on sustainable farming and increased mechanization across developing regions continues to reinforce industry expansion.

The farm tractors segment generated USD 54.3 billion in 2024 and is projected to grow at a CAGR of 5.3% during 2025-2034. Demand for compact and utility tractors remains strong, particularly among small and medium-sized farms. Financial incentives and subsidies designed to promote agricultural modernization are further elevating adoption rates in this category.

The diesel-powered equipment segment is anticipated to grow at a CAGR of 6.7% through 2035. Diesel machinery continues to be preferred for its durability, resilience under heavy workloads, and widespread availability. However, rising fuel prices and stricter emissions regulations are prompting manufacturers to enhance efficiency and develop cleaner alternatives.

United States Farm Equipment Market held an 80% share and generated USD 20.6 billion in 2025. The U.S. market benefits from rapid advancements in technology, strong uptake of precision agriculture, and increasing demand for high-performance machinery capable of handling diverse farm operations. Enhanced awareness regarding reducing post-harvest losses and improving operational speed is supporting growth in harvesting machinery, while heightened attention on sustainable water management is boosting demand for advanced irrigation systems.

Key players in the Global Farm Equipment Market include John Deere, SDF Group, CLAAS, AGCO Corporation, Yanmar, KUHN, CNH Industrial, Mahindra & Mahindra, Deutz-Fahr, JCB, Vermeer Corporation, Kubota Corporation, Bomet, and FMWORLD Agricultural Machinery. Companies competing in the Farm Equipment Market are adopting multiple strategies to strengthen their market position. Leading manufacturers are heavily investing in precision farming solutions, automation, and smart machinery to improve productivity and sustainability. Expanding product lines across various horsepower segments and machinery categories allows brands to serve diverse farm sizes and operational needs. Collaborations with technology partners, digital platform development, and integration of telematics enhance equipment monitoring and performance analytics for customers. Companies are also focusing on regional expansion through distribution networks, localized manufacturing, and after-sales service programs.

Table of Contents

Chapter 1 Methodology and 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/country
• 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 Equipment type
  • 2.2.3 Mode of operation
  • 2.2.4 Power source
  • 2.2.5 Application
  • 2.2.6 End use
  • 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
  • 3.2.2 Industry pitfalls & challenges
  • 3.2.3 Opportunities
• 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 equipment type
• 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
  • 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 MEA
• 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 Equipment Type, 2022 - 2035 ($Billion, Thousand Units)

• 5.1 Key trends
• 5.2 Farm tractors
  • 5.2.1 4-wheel drive (4wd) tractors
  • 5.2.2 Row crop tractors
  • 5.2.3 Utility tractors
  • 5.2.4 Compact utility tractors
• 5.3 Harvesting machinery
  • 5.3.1 Combine harvester
  • 5.3.2 Mower/swather
  • 5.3.3 Forage harvester
• 5.4 Haying machinery
  • 5.4.1 Hay mowers
  • 5.4.2 Hay tedders
• 5.5 Planting & fertilizing
• 5.6 Plowing & cultivation
• 5.7 Others (Irrigation equipment etc.)

Chapter 6 Market Estimates & Forecast, By Mode of Operation, 2022 - 2035 ($Billion, Thousand Units)

• 6.1 Key trends
• 6.2 Manual equipment
• 6.3 Semi-automated equipment
• 6.4 Fully automated equipment

Chapter 7 Market Estimates & Forecast, By Power Source, 2022 - 2035 ($Billion, Thousand Units)

• 7.1 Key trends
• 7.2 Diesel-powered equipment
• 7.3 Electric & hybrid equipment
• 7.4 Alternative fuels

Chapter 8 Market Estimates & Forecast, By Application, 2022 - 2035 ($Billion, Thousand Units)

• 8.1 Key trends
• 8.2 Crop production applications
  • 8.2.1 Tillage & soil health management
  • 8.2.2 Planting & seeding operations
  • 8.2.3 Crop protection
  • 8.2.4 Harvesting & threshing
• 8.3 Precision agriculture
  • 8.3.1 GPS-guided auto-steering
  • 8.3.2 Variable rate technology
  • 8.3.3 Yield monitoring & mapping
  • 8.3.4 Section control systems
• 8.4 Conservation & sustainability
  • 8.4.1 Conservation tillage practices
  • 8.4.2 Precision irrigation
  • 8.4.3 Targeted pesticide application
• 8.5 Livestock operations
  • 8.5.1 Dairy farming
  • 8.5.2 Cattle/hog feeding operations

Chapter 9 Market Estimates & Forecast, By End Use, 2022 - 2035 ($Billion, Thousand Units)

• 9.1 Key trends
• 9.2 Commercial operations
• 9.3 Small & medium farmers

Chapter 10 Market Estimates & Forecast, By Distribution Channel, 2022 - 2035 ($Billion, Thousand Units)

• 10.1 Key trends
• 10.2 Direct sales
• 10.3 Indirect sales

Chapter 11 Market Estimates & Forecast, By Region, 2022 - 2035 ($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 Germany
  • 11.3.2 UK
  • 11.3.3 France
  • 11.3.4 Spain
  • 11.3.5 Italy
  • 11.3.6 Netherlands
• 11.4 Asia Pacific
  • 11.4.1 China
  • 11.4.2 Japan
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 South Korea
• 11.5 Latin America
  • 11.5.1 Brazil
  • 11.5.2 Mexico
  • 11.5.3 Argentina
• 11.6 MEA
  • 11.6.1 South Africa
  • 11.6.2 Saudi Arabia
  • 11.6.3 UAE

Chapter 12 Company Profiles

• 12.1 AGCO Corporation
• 12.2 Bomet
• 12.3 CLAAS
• 12.4 CNH Industrial
• 12.5 Deutz-Fahr
• 12.6 FMWORLD Agricultural Machinery
• 12.7 JCB
• 12.8 John Deere
• 12.9 Kubota Corporation
• 12.10 KUHN
• 12.11 Mahindra & Mahindra
• 12.12 SDF Group
• 12.13 Vermeer Corporation
• 12.14 Yanmar