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Farm Machinery And Equipment Global Market Report 2023 – By Type (Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock Equipment, Tractors, Other Types), By Capacity (Small, Medium, Large), By Operation (Manual, Semi Autonomous, Fully Autonomous), By Application (Spraying, Water Supply And Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | SKU CODE : r1455 | Delivery Time: 2-3 business days | Format :


The farm machinery and equipment refer to equipment engaged in manufacturing agricultural and farm machinery and equipment, and other turfs and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type).

The main types of farm machinery and equipment are cultivator, rotator, chisel plow, harvester, roller, field sprayer and spreader, irrigation system, livestock equipment, tractors, and other types. Chisel plow refers to a soil tillage device pulled by a tractor or animal, used to break up and stir soil a foot or more beneath the surface without turning it. The capacities are small, medium, and large. The operation is manual, semi-autonomous, and fully autonomous. The various applications involved are spraying, water supply and conservation, cultivation, harvesting, seeding, weeding, livestock farming, and other applications.

The farm machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides farm machinery and equipment market statistics, including farm machinery and equipment industry global market size, regional shares, competitors with a farm machinery and equipment market share, detailed farm machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the farm machinery and equipment industry. This farm machinery and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global farm machinery and equipment market size will grow from $216.1 billion in 2022 to $232.61 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global farm machinery and equipment market size is expected to grow to $303.75 billion in 2027 at a CAGR of 6.9%.

The integration of Internet of Things (IoT) applications in farm equipment is expected to drive the market for farm machinery and equipment. The world's population will surpass 9 billion people by 2050. Farmers need access to better instruments and practices that will help them to deliver more agricultural products in less time. Farmers need to adopt new and modern technologies to produce food for the ever-expanding population. For instance, the utilization of a smart greenhouse that operates with the help of IoT enables monitoring and controlling of climate without human intervention. The IoT sensors in the smart greenhouse provide information on the light levels, pressure, humidity, and temperature and also control the actuators automatically to open a window, turn on lights, control a heater, turn on a mister, or turn on a fan. Therefore, IoT help increases production with reduced labor and drives the farm machinery and equipment market.

Eco-friendly electric tractors are likely to be an emerging trend in the farm machinery and equipment market. Eco-friendly tractors operate through electronic batteries that can be recharged simply by plugging them into a standard socket and don’t require any kind of fuel that creates air pollution. There are also many tractors where farmers can install wind or solar power to produce electricity to charge the tractor’s batteries. For instance, in India, in March 2020, a startup company Celestial E-Mobility launched an electric tractor, which is not only eco-friendly and cost-effective but also gives the same power as that of its diesel counterpart and is available cheaper than diesel tractors. The zero-emission tractor features battery swapping, and regenerative braking, and also helps to power an UPS.

In October 2020, Escorts, an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment acquired a 40 % stake in Kubota agricultural machinery for an undisclosed amount. This acquisition will raise Kubota’s stake in the Indian company to 14.99% from 9.09%, Escorts. Kubota is an India-based agricultural machinery manufacturer.

Major players in the farm machinery and equipment market are AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V, Escorts Group, ISEKI & Co. Ltd., John Deere (Deere & Company), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), and Valmont Industries Inc.

The Asia-Pacific was the largest region in the farm machinery and equipment market in 2022. North America was the second largest region in the global farm machinery and equipment market. The regions covered in the global farm machinery and equipment report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the farm machinery and equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The farm machinery and equipment market consists of sales of combine harvester, rotavator or rotary tiller, plough or plow, tractor trailer, power harrow, leveler, water bowser, ripper machine, and disc harrow. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global farm machinery and equipment market is segmented -

1) By Type: Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock equipment, Tractors, Other Types

2) By Capacity: Small, Medium, Large

3) By Operation: Manual, Semi-Autonomous, Fully-Autonomous

4) By Application: Spraying, Water Supply And Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Other Applications

    Table Of Contents

    1. Executive Summary

    2. Farm Machinery And Equipment Market Characteristics

    3. Farm Machinery And Equipment Market Trends And Strategies

    4. Farm Machinery And Equipment Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Farm Machinery And Equipment Market

    4.2 Ukraine-Russia War Impact On Farm Machinery And Equipment Market

    4.3 Impact Of High Inflation On Farm Machinery And Equipment Market

    5. Farm Machinery And Equipment Market Size And Growth

    5.1. Global Farm Machinery And Equipment Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Farm Machinery And Equipment Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Farm Machinery And Equipment Market Segmentation

    6.1. Global Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Cultivator

    Rotator

    Chisel Plow

    Harvester

    Roller

    Field Sprayer And Spreader

    Irrigation System

    Livestock equipment

    Tractors

    Other Types

    6.2. Global Farm Machinery And Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Spraying

    Water Supply And Conservation

    Cultivation

    Harvesting

    Seeding

    Weeding

    Livestock Farming

    Other Applications

    6.3. Global Farm Machinery And Equipment Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Small

    Medium

    Large

    6.4. Global Farm Machinery And Equipment Market, Segmentation By Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Manual

    Semi-Autonomous

    Fully-Autonomous

    7. Farm Machinery And Equipment Market Regional And Country Analysis

    7.1. Global Farm Machinery And Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Farm Machinery And Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Farm Machinery And Equipment Market

    8.1. Asia-Pacific Farm Machinery And Equipment Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Farm Machinery And Equipment Market

    9.1. China Farm Machinery And Equipment Market Overview

    9.2. China Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Farm Machinery And Equipment Market

    10.1. India Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Farm Machinery And Equipment Market

    11.1. Japan Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Farm Machinery And Equipment Market

    12.1. Australia Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Farm Machinery And Equipment Market

    13.1. Indonesia Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Farm Machinery And Equipment Market

    14.1. South Korea Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Farm Machinery And Equipment Market

    15.1. Western Europe Farm Machinery And Equipment Market Overview

    15.2. Western Europe Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Farm Machinery And Equipment Market

    16.1. UK Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Farm Machinery And Equipment Market

    17.1. Germany Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Farm Machinery And Equipment Market

    18.3. France Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Farm Machinery And Equipment Market

    19.1. Eastern Europe Farm Machinery And Equipment Market Overview

    19.2. Eastern Europe Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Farm Machinery And Equipment Market

    20.1. Russia Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Farm Machinery And Equipment Market

    21.1. North America Farm Machinery And Equipment Market Overview

    21.2. North America Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Farm Machinery And Equipment Market

    22.1. USA Farm Machinery And Equipment Market Overview

    22.2. USA Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Farm Machinery And Equipment Market

    23.1. South America Farm Machinery And Equipment Market Overview

    23.2. South America Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Farm Machinery And Equipment Market

    24.1. Brazil Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Farm Machinery And Equipment Market

    25.1. Middle East Farm Machinery And Equipment Market Overview

    25.2. Middle East Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Farm Machinery And Equipment Market

    26.1. Africa Farm Machinery And Equipment Market Overview

    26.2. Africa Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Farm Machinery And Equipment Market Competitive Landscape And Company Profiles

    27.1. Farm Machinery And Equipment Market Competitive Landscape

    27.2. Farm Machinery And Equipment Market Company Profiles

    27.2.1. AGCO Coporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. CLAAS KGaA mbH

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. CNH Industrial N.V.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Escorts Group

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. ISEKI & Co., Ltd.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Farm Machinery And Equipment Market

    29. Farm Machinery And Equipment Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Farm Machinery And Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Farm Machinery And Equipment Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Farm Machinery And Equipment Market, Segmentation By Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Farm Machinery And Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Global Farm Machinery And Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: China, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: India, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Japan, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Australia, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Indonesia, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: South Korea, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Western Europe, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: UK, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Germany, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: France, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Eastern Europe, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: Russia, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: North America, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: USA, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: South America, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Brazil, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Middle East, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Africa, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 28: AGCO Coporation Financial Performance
  • Table 29: CLAAS KGaA mbH Financial Performance
  • Table 30: CNH Industrial N.V. Financial Performance
  • Table 31: Escorts Group Financial Performance
  • Table 32: ISEKI & Co., Ltd. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Farm Machinery And Equipment Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Farm Machinery And Equipment Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Farm Machinery And Equipment Market, Segmentation By Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Farm Machinery And Equipment Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Global Farm Machinery And Equipment Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: China, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: India, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Japan, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Australia, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: Indonesia, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: South Korea, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: Western Europe, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: UK, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: Germany, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: France, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Eastern Europe, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: Russia, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: North America, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: USA, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: South America, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Brazil, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Middle East, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Africa, Farm Machinery And Equipment Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 28: AGCO Coporation Financial Performance
  • Figure 29: CLAAS KGaA mbH Financial Performance
  • Figure 30: CNH Industrial N.V. Financial Performance
  • Figure 31: Escorts Group Financial Performance
  • Figure 32: ISEKI & Co., Ltd. Financial Performance
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