Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Powered Agriculture Equipment Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Powered Agriculture Equipment Industry in 2024 and 2025?
The market size of the powered agriculture equipment has seen significant growth recently. The market that was valued at $102.06 billion in 2024 is projected to increase to $108.29 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.1%.
What Is the Projected Market Size of the Powered Agriculture Equipment Market in 2029?
The Powered Agriculture Equipment Global Market is projected to grow to a market size of $146.36 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%.
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What Are the Key Drivers of Powered Agriculture Equipment Market Growth?
The key drivers in the powered agriculture equipment market are:
• Growing demand for organic and sustainable farming practices
• Increasing adoption of autonomous and robotic farming equipment
• Rising demand for precision irrigation systems
• Growing focus on reducing carbon footprint in agriculture with the use of smart farming solutions
What Are the Primary Segmentation Categories in the Powered Agriculture Equipment Market?
The powered agriculture equipment market covered in this report is segmented –
1) By Product Type: Tractors, Combine Harvester, Sprayer, Soil Preparation And Cultivation Equipment, Seed Drill, Other Product Types
2) By Propulsion: Battery Electric, Hybrid Electric
3) By Power Output: <30 HP, 31–70 HP, 71–130 HP, 131–250 HP, >250 HP
4) By Application: Harvesting, Sowing and Planting, Spraying and Fertilizing, Other Applications
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What Are the Major Trends Shaping the Powered Agriculture Equipment Market in 2025 and Beyond?
The key trends in the powered agriculture equipment market are:
• The development of electrified and autonomous farm equipment is gaining momentum.
• The integration of the Internet of Things (IoT) in agricultural machinery is a prominent trend.
• The use of advanced sensors for real-time monitoring in farming is rising.
• Adoption of drone technology for crop monitoring and management is increasing.
Who Are the Emerging Players in the Powered Agriculture Equipment Market?
Major players in the powered agriculture equipment market are:
• AGCO Corporation
• Deere & Company
• Mahindra & Mahindra Limited
• CNH Industrial NV
• Kubota Corporation
• CLAAS Group
• Krone Group
• J. C. Bamford Excavators Limited
• Yanmar Co Ltd.
• Same Deutz-Fahr Group
• Escorts Limited
• Zetor Tractors
• Daedong Industrial Company
• Argo Tractors SpA
• Tractors and Farm Equipment Limited
• LS Tractor USA LLC
• Iseki & Co. Ltd.
• Carraro Group
• Lely Group
• Sampo Rosenlew Ltd.
• Bucher Industries AG
• Rostselmash Ltd.
• Shifeng Group
• Tym Tractors
• Kverneland Group
• Kukje Machinery Co. Ltd.
• Art's Way Manufacturing Co. Inc.
• New Holland Agriculture
• Kuhn Group
Which Regions Are Leading the Growth in the Global Powered Agriculture Equipment Market?
Asia-Pacific was the largest region in the powered agriculture equipment market in 2024
