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Farm Equipment Market Size, Share & Analysis

Report Code AT 2835
Published in Mar, 2025, By MarketsandMarkets™
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Farm Equipment Market by Power (<30, 31-70, 71-130, 131-250, >250HP), Type (Tractors, Balers, Sprayers, Harvesters), Function, Tractor Drive Type, Forestry Machinery, Electric Tractor, Type & Propulsion, Rental, & Region - Global Forecast to 2032

 

Overview

The farm equipment market is projected to grow from USD 39.95 billion in 2025 to USD 52.79 billion by 2032, registering a CAGR of 4.1%. According to the Association of Equipment Manufacturers (AEM) and the European Agricultural Machinery Industry Association (CEMA) the farm equipment market is expected to remain soft for the next 2–3 years due to a various factor such as low crop prices, high operating costs, tighter profit margins for farmers, and higher interest rates in the US with a stronger US dollar have impacted the farmers spending on farm equipment and their finance option for equipment purchases. In 2024, as the net farm income in the US is projected to fall by 25.5% Year-Over-Year to USD 116.1 billion, negatively impacting farmer’s purchasing power for new equipment. Moreover, according to AEM, Turktraktor and CEMA, the farm tractor sales in the US in January 2025 is decreased by ~15%, Europe by ~11.9%, Asia Oceania ~7.0%. the same trend was observed in combines, balers, sprayers, and other farm equipment’s. However, in the long term, many potential opportunities will be generated in the market, gaining momentum in the future. As equipment prices adjust, interest rates may drop, and the farmers' spending will become affordable to invest in new equipment.

Farm Equipment Market

Attractive Opportunities in the Farm Equipment Market

ASIA OCEANIA

The Asia-Pacific farm equipment market is driven by increasing mechanization to boost productivity, government support through subsidies and favorable policies, technological advancements in precision agriculture, rising consumer demand for high-quality food products, and expansion opportunities in Southeast Asia's large agricultural sectors.

The increase in product offering for electric, and CNG tractors by OEMs and demand for emission free equipment would create growth opportunity in sustainable farming.

Technological advancement, advanced mechanization, automation in farming offer lucrative opportunities for market player in next 5 years.

The growth for farm equipment will remain soft for the next 2-3 years, and expected to rise due to increase in mechanization, and farm yield.

The market for high powered tractor is expected to witness a higher CAGR during the forecast period during the growing demand for higher pulling tractor and commercial application.

Global Farm Equipment Market Dynamics

Driver: Government support with farm loan waivers/ credit finance

The implementation of farm loan waiver schemes encourages farmers to buy farm equipment. Governments launched various schemes in different parts of the world to relieve farmers from their loans and encourage farm mechanization. According to the Agricultural Policy Monitoring and Evaluation, 2024, conducted by the Organization for Economic Co-operation and Development (OECD) from 2021 to 2023, comprehensive assistance to the agricultural sector surged to USD 842 billion annually across 54 covered countries which includes OECD member states, non-OECD EU member states, reflecting a 12.6% upswing from the USD 720 billion recorded during 2018 to 2020. A price of USD 400 billion annually is allocated from public budgets, while the remainder is facilitated through adjustments in pricing structures. This considerable increase in support underscores the commitment to bolstering the agricultural industry and signifies both public investment and market-driven mechanisms playing pivotal roles in sustaining this growth. For instance, the Reverse Bank of India (RBI) has increased the limit of collateral-free farm loans from USD 1,836 07 to USD 2,303 per borrower, effective January 2025. This move was made to remove the financial burden on farmers by removing collateral requirements for loans related to agricultural activities and allied sectors. Hence, these initiatives from the farmers support the farmers with loan and credit financing and drive the farm equipment market.

Restraint: High equipment cost in emerging economies

Continuous R&D efforts have developed advanced products capable of handling multiple tasks. Advanced machinery includes complex mechatronic systems that require specialized manufacturing and assembly processes. All the steps involved in designing, producing, and distributing the equipment require huge investments, which is reflected in the cost of the machinery made available to farmers. Small farmers' inability to invest significantly contributes to the low penetration rate of farm equipment in developing countries. The higher cost of equipment extends beyond the purchase price. Maintenance, spare parts, and operational expenses can also strain farmers' financial viability in emerging economies. Limited access to financing options and credit facilities further exacerbates the challenge, making it difficult for farmers to overcome the initial financial barrier and invest in modern farm equipment.

Farmers in emerging economies are reluctant to invest in expensive machinery. However, the adoption of farm equipment in North America and Europe is high due to the unavailability of labor and the high cost of farm labor. Agriculture equipment manufacturers need to upgrade their products regularly, owing to the constantly changing emission norms, which increases the equipment cost. Thus, the high cost of agricultural machinery such as high horsepower (HP) tractors, combines, balers, and sprayers limit their sales and thereby slow down the growth of the farm equipment market, especially in emerging economies. Hence, these factors are restraining the farm equipment market.

 

Opportunity: Increasing R&D and adoption of electric tractors

The increasing R&D activities and several companies' launches of hybrid and electric tractors are expected to create growth opportunities for the agriculture sector. According to the China SCIO, the Chinese government has allocated significant funding to support R&D in agricultural machinery, including tractors. For example, an allocation of USD 3.5 billion (24.6 billion yuan) in 2024 is designated for subsidizing the purchase and application of agricultural machinery, including tractors. Also, the trend in R&D expenses for agricultural tractors in the US for 2024 reflects a strong commitment by leading manufacturers like Deere & Company, actively investing in technological advancements that cater to evolving agricultural needs.

John Deere aims to produce at least one fully electric autonomous tractor by 2026. New Holland T4.70e, Kioti CK430 CE, and Case IH EVX 110 are some electric tractors developed by New Holland, KIOTI, and Case IHI. Sonalika (India) launched Tiger Electric in December 2024, which had 15 HP power and 25.5 kW battery, fast charging option; Autonxt (India) launched X45H2 on August 202 4, which had 45 HP, automated steering, crop health analysis, Cellestial (India) had launched 55HP tractor on July 2022, Monarch Tractor (US) had launched MK-V in December 2022. These tractors were launched as a sustainable alternative to diesel engines but have limitations of battery energy density, lack of robust charging infrastructure, and high prices that may challenge the market growth for electric tractors in emerging economies. Thus, the advancements in farm equipment are expected to provide business prospects for advanced technology solution providers and improve the operational efficiency of farm equipment, therefore offering promising growth opportunities for the farm equipment market.

Challenge: Rapidly changing emission norms and mandates

One of the key issues arising from changing emission norms is the need for farm equipment manufacturers to continually invest in R&D to develop and adapt engines and exhaust systems that comply with the latest standards. Meeting these evolving regulations can entail significant engineering, testing, and certification costs. From January 2023, the implementation of updated emission standards in India, designated as Bharat Stage TREM IV, was set to apply to tractors with a horsepower exceeding 50. This adjustment follows a series of postponements, initially scheduled for October 2020, responding to industry representations during the pandemic-induced disruptions. Notably, a substantial portion of the industry, constituting around 92% of sales in FY2022, will persist under the governance of Bharat Stage TREM IIIA norms, encompassing tractors with horsepower less than 50. The transition to the new emission standards for the higher horsepower segment reflects a measured approach by the government, considering the industry’s context and evolving circumstances. Hence, adapting to altered emission regulations to meet government mandates might challenge tractor sales. The TREM V regulations will be implemented in India from mid of 2026 whereas other region, follows different regulation which creates difficulties for key players to provide standard common model for all region.

In Europe, the current regulation for tractor engines is primarily governed by Regulation (EU) No 167/2013, which sets out requirements for the approval and market surveillance of agricultural and forestry vehicles, including their engines, and mandates that all new tractor engines must comply with the "Stage V" emission standards to reduce emissions significantly; this applies to most tractors, with some exceptions for smaller power ranges that may have a slightly extended transition period depending on their engine size and power output. Major manufacturers are working to develop engines that meet the government's mandates to achieve high efficiency and reduced emissions. Hence, synchronizing several technologies, emission standards, protocols, and changing equipment patterns are concerns that must be overcome during the forecast period.

Global Farm Equipment Market Ecosystem Analysis

Top Companies in Farm Equipment Market

Note: The above diagram only shows the representation of the Farm Equipment Market ecosystem; it is not limited to the companies represented above.
Source: Secondary Research and MarketsandMarkets Analysis

 

31–70 HP segment is estimated to be the largest market during the forecast period

In the 31–70 HP segment, it is projected to hold the largest market during the forecast period, accounting more than 50% of the market share for the year 2025. This trend is driven by the increasing adoption of farm mechanization, particularly in emerging markets where small to medium-sized farms dominate in Asia Oceania mainly due to the Indian market. India had a market share more than 80% for 31–70 HP in 2024 and expected to continue with the leading positions. Further, the updated TREM Stage IV regulation was introduced in January 2023, due to which the price increased by 1 lakh rupees (approx. USD 1,340) for tractor with >50 HP. This price hike is mainly due to mandatory installation of Common Rail Direct Fuel Injection (CRDI) in the tractor engines. To which there was a shift in consumer preference for 45-50 HP tractors as these tractors were provided with 4WD option with the same power capacity as compared to >50-60 HP tractors and with lower price.

The governing bodies are also promoting subsidy schemes for the farmers to increase the adoption of mid-range HP tractors in this market. For instance, the Indian government has started offering subsidies to promote agricultural mechanization under the Macro-Management Scheme of Agriculture, where the Indian government is providing a subsidy of 25% for tractors up to 35 PTO HP, up to USD 300–350.

Japan is the second largest market in Asia Oceania for 31-70 HP tractors. In Japan, all the tractor sells have declined due to ageing farmers where the farming practice have declined in Japan. Due to this reason, some key players are shifting their production plant in other countries for better opportunity. For instance, ISEKI had announced to shift their production to Indonesia in August 2024 and it will manufacture 90% of its products for overseas markets in Indonesia by 2030.

The 4WD is estimated to be the fastest-growing segment in drive type over the forecast period.

4WD is dominated by European region with a market share more than 80% in the year 2024. The Europe has higher farmlands which increase the need of high-performance tractors as it has ability to cover extensive farmland area very efficiently with a better traction and stability. Countries like France, UK, and Germany has the highest demand 4WD tractors due to labor shortage which has increased the demand for mechanized farming equipment, including tractors to increase the efficiency and productivity. The major key players in Europe who offers 4WD tractors and other equipment are Deere & Company with 9R, 6R, 7R Series; CNH Industrial offers 4WD under the brands of Case IH Magnum and New Holland T9, AGCO Corporation featuring Massey Ferguson with 8700 Series for 4WD and Fendt with 1000 Vario series. The OEMs are actively investing in R&D for developing new products and precision agriculture features in tractors.

Asia Oceania is the second largest market for 4WD tractors, in which India is the largest market. These tractors are used in very few states of India which does contract farming. These tractors need a heavy mechanization while farming which has increased the demand for 4WD tractors. Key players such as Swaraj from Mahindra & Mahindra, Deere & Company, New Holland, and Sonalika offers 4WD tractors for farming. Due to TREM V regulation which will be implemented in mid of 2026, India will be exporting TREM V compiled tractors in European countries which will increase the trade exports in international market creating gradual increase in demand in coming future.

Asia Oceania holds the largest market for farm equipment market during the forecast period.

The Asia Oceania region is the fastest growing region with a CAGR of 5.2% during the forecast period. Factors such as lack of farm labor, increasing farm wages, and government incentives drive the farm equipment market. The major countries holding the highest market share for farm equipment is India followed by China. India holds the largest market for tractors whose sales declined by ~5.0% whereas the other equipment’s sales declined by 6–8%. In China, the combines have the highest market in terms of revenue which is more than 70% in the year 2024. The sales for combines and self-propelled sprinkler equipment have observed a decline from past 2 years and is expected to remain low till 2026. According to FAO.org, China’s export for barley declined by 2.1 million tons m/m and maize export declined by 0.7 million tons m/m. This decline is export have impacted the demand for self-propelled sprinklers and combines in China. This decline in demand for food product is due to decrease in commodity pricing which has lowered the farmers spending on new equipment’s. Hence, it is estimated that the till 2027 the commodity pricing might increase by 2026-2027, after which the farmers spending might increase for all the equipment and will drive the market.

HIGHEST CAGR MARKET BY 2032
INDIA: FASTEST GROWING MARKET IN THE REGION
Farm Equipment Market by region

Recent Developments of Farm Equipment Market

  • In October 2024, Case IH showcased its new 2025 Farmall C models for commercial sale. This tractor has an ActiveDrive 2 Transmission and can carry a gross vehicle weight of up to 7,000 kg.
  • In October 2024, Mahindra & Mahindra launched a “Mahindra Arjun 605 DI 4WD” tractor in India. This model had a 4-cylinder 3531 cc engine, which gave a power output of 55 HP.
  • In June 2024, John Deere launched a new technology called “MACHINE SYNC,” which allows walker combine operators to control the attached tractors' speed, direction, and position.
  • In March 2024, New Holland has unveiled the T3 Electric Power. The T3 electric tractor has a 75-kWh battery pack that operates at 800 volts and produces 100 HP.

Key Market Players

List of Top Farm Equipment Market Companies

The Farm Equipment Market is dominated by a few major players that have a wide regional presence. The major players in the Farm Equipment Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2021–2032
Base year considered 2024
Forecast period 2025-2032
Forecast units Volume (’000 Units) and Value (USD Billion)
Segments Covered Power output, drive type, farm equipment market, rental market, by equipment type, forestry machinery market, by equipment type, by Implement, by equipment type, rental market, by power output, electric tractor market, by propulsion, and by region
Regions covered Asia Oceania, Europe, North America, and the Rest of the World

 

Key Questions Addressed by the Report

What is the current size of the global Farm Equipment market?
The Farm Equipment market is projected to grow from USD 39.95 Billion in 2025 to USD 52.79 Billion by 2032, at a CAGR of 4.1%, with Asia Oceania dominating the market.
Which factors are currently dragging the farm equipment market?
The rise in crop prices, increase in interest rates, change in climatic conditions, lower import of tractors, and aging farmer life have lowered the farm equipment market in the past 1-2 years, and the same trend is expected to continue for a few years.
Many companies operate in the global farm equipment market. Do you know who the front leaders are and what strategies they have adopted?
Many key players are investing in India to develop new manufacturing plants due to the gradually increasing demand at the global level, where the manufacturing cost is low.
How does the demand for Farm Equipment vary by region?
Asia Oceania is estimated to be the largest market for Farm Equipment during the forecast period. The growth of the Farm Equipment market in Asia Oceania is mainly attributed to the higher demand for Farm Equipment from India and China due to higher population and increasing farm mechanization.
What are the growth opportunities for the Farm Equipment supplier?
The demand for Four-wheel drive and electric tractors would create growth opportunities for the Farm Equipment market.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
34
RESEARCH METHODOLOGY
39
EXECUTIVE SUMMARY
53
PREMIUM INSIGHTS
57
MARKET OVERVIEW
62
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Government support through farm loan waivers/credit finance
    - OEM/sales incentives to support dealer services and rental operations
    - Contract farming
    - Increase in farm mechanization
    RESTRAINTS
    - Growth of rental market
    - High cost of equipment in emerging economies
    OPPORTUNITIES
    - Growing adoption of precision farming
    - Increasing R&D and adoption of electric tractors
    CHALLENGES
    - Rapidly changing emission norms and mandates
  • 5.3 TRADE ANALYSIS
    IMPORT SCENARIO (CODE 843280)
    EXPORT SCENARIO (HS CODE 843280)
    IMPORT SCENARIO (CODE 843290)
    EXPORT SCENARIO (HS CODE 843290)
    IMPORT SCENARIO (HS CODE 843210)
    EXPORT SCENARIO (HS CODE 843210)
  • 5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.5 CASE STUDY ANALYSIS
    SOLECTRAC’S SOLUTIONS FOR MUSHROOM FARMS
    ELECTRIC TRACTORS FOR SUSTAINABLE AGRICULTURAL PRACTICES BY AGRIMACS INC.
    CALIFORNIA GOVERNMENT FOCUSES ON FARMS TO GO GREEN WITH ZERO EMISSIONS
    MONARCH TRACTORS SAVE USD 2,600 PER YEAR FOR WENTE VINEYARDS
    PACIFIC NORTHWEST ELECTRIC TRACTOR BARRIERS STUDY
    CHALLENGES RELATED TO AUTOMATION AND ELECTRIFICATION OF TRACTORS ADDRESSED BY DR. JIANFENG ZHOU
  • 5.6 MARKET ECOSYSTEM
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 PATENT ANALYSIS
    INTRODUCTION
  • 5.9 SUPPLY CHAIN ANALYSIS
  • 5.10 FARM EQUIPMENT MARKET ECOSYSTEM
  • 5.11 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY ANALYSIS FOR FARM EQUIPMENT MARKET
    NON-ROAD MOBILE MACHINERY EMISSION (NRMM) REGULATIONS OUTLOOK, 2019–2030
    - North America
    - Europe
    - Asia Oceania
  • 5.12 PRICING ANALYSIS
    BY POWER OUTPUT & REGION
    AVERAGE SELLING PRICE OF <30HP TRACTORS, BY REGION
    AVERAGE SELLING PRICE OF 31–70 HP TRACTORS, BY REGION
    AVERAGE SELLING PRICE OF 71–130 HP TRACTORS, BY REGION
    AVERAGE SELLING PRICE OF 131–250 HP TRACTORS, BY REGION
    AVERAGE SELLING PRICE OF >250 HP TRACTORS, BY REGION
    AVERAGE SELLING PRICE OF TRACTOR, BY DRIVE TYPE
  • 5.13 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Farm equipment automation
    - Agriculture 5.0
    - Electrification of tractors
    COMPLEMENTARY TECHNOLOGIES
    - Future of battery technologies
    - Trends in rental industry
    CNG TRACTORS
    ADJACENT TECHNOLOGIES
    - Precision farming
  • 5.14 KEY CONFERENCES AND EVENTS, 2025–2026
    FARM EQUIPMENT MARKET: KEY CONFERENCES AND EVENTS, 2025–2026
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    CRITICAL STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.16 TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET
    TOTAL COST OF OWNERSHIP FOR ELECTRIC AND DIESEL TRACTORS
    - Diesel tractor
    - Electric tractor
    - Cumulative
  • 5.17 OEM FUTURE INVESTMENTS, BY KEY PLAYER
  • 5.18 OEM ANALYSIS
    ELECTRIC/HYBRID TRACTOR BATTERY CAPACITY VS. MOTOR OUTPUT
    REGIONAL TREND OF DIESEL TRACTORS, BY DRIVE TYPE, 2024
    TRACTOR HORSEPOWER, BY KEY OEM
  • 5.19 PRICE RANGES OF TRACTOR MODELS FROM TOP OEMS
    MAHINDRA&MAHINDRA LTD.
    DEERE & COMPANY
    MASSEY FERGUSON (AGCO CORPORATION)
    EICHER TRACTOR (TAFE)
    SONALIKA (INTERNATIONAL TRACTORS LIMITED (ITL))
    KUBOTA CORPORATION
    NEW HOLLAND
    CASE IH
OEM TRACTOR AND COMBINE HARVESTER SALES, BY COUNTRY 2022 - 2024
143
  • 6.1 EUROPE
    UK
    GERMANY
    ITALY
    FRANCE
    SPAIN
    TURKEY
  • 6.2 ASIA PACIFIC
    INDIA
  • 6.3 OEM-WISE COMBINE HARVESTER SALES, BY COUNTRY, 2023–2024
    ASIA PACIFIC
    - India
    EUROPE
    - Spain
FARM IMPLEMENTS MARKET, BY FUNCTION
147
  • 7.1 INTRODUCTION
  • 7.2 PLOWING & CULTIVATING
    HIGHER YIELDS CATERING TO NEEDS OF GROWING POPULATION TO BOOST MARKET
  • 7.3 SOWING & PLANTING
    REDUCTION OF OVERALL COSTS TO PROPEL MARKET
  • 7.4 PLANT PROTECTION AND FERTILIZING
    INCREASED CROP PRODUCTION AND ENHANCED FOOD QUALITY TO DRIVE DEMAND
  • 7.5 HARVESTING & THRESHING
    MULTIPLE AGRICULTURAL ACTIVITIES IN SINGLE PROCESS TO DRIVE MARKET
  • 7.6 OTHER FUNCTIONS
  • 7.7 INDUSTRY INSIGHTS
ELECTRIC TRACTOR MARKET, BY PROPULSION
156
  • 8.1 INTRODUCTION
  • 8.2 BATTERY ELECTRIC
    REDUCTION OF BATTERY MANUFACTURING COSTS TO DRIVE MARKET
  • 8.3 HYBRID ELECTRIC
    HIGHER POWER OUTPUT THAN BATTERY ELECTRIC TRACTORS TO DRIVE MARKET
  • 8.4 HYDROGEN
    ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE TO DRIVE MARKET
  • 8.5 PRIMARY INSIGHTS
FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE
165
  • 9.1 INTRODUCTION
  • 9.2 TRACTORS
    INCREASING COLLABORATIONS BETWEEN OEMS AND APPLICATION COMPANIES TO DRIVE MARKET
  • 9.3 COMBINES
    DEMAND FOR HIGHER PRODUCTIVITY TO DRIVE MARKET
  • 9.4 SPRAYERS
    HIGHER EFFICIENCY IN FARM OPERATIONS TO BOOST DEMAND
  • 9.5 BALERS
    INCREASING PREFERENCE FOR ROUND BALERS WITH PRE-CUTTING SYSTEMS TO PROPEL MARKET
  • 9.6 OTHER RENTAL EQUIPMENT TYPES
  • 9.7 INDUSTRY INSIGHTS
FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT
173
  • 10.1 INTRODUCTION
  • 10.2 <30 HP
    DEMAND FOR SMALL-SIZED FARMS TO PROPEL MARKET
  • 10.3 31–70 HP
    MODERATE POWER AND EASE OF USE TO FUEL MARKET
  • 10.4 71–130 HP
    INCREASING FARM MECHANIZATION RATES TO BOOST DEMAND
  • 10.5 131–250 HP
    HIGH DEMAND FOR LARGE-SCALE AGRICULTURE OPERATIONS TO PROPEL MARKET
  • 10.6 >250 HP
    INCREASING COMMERCIAL FARMING ACTIVITIES TO DRIVE DEMAND
  • 10.7 INDUSTRY INSIGHTS
FARM TRACTOR MARKET, BY DRIVE TYPE
182
  • 11.1 INTRODUCTION
  • 11.2 TWO-WHEEL DRIVE
    SMALLER TURNING CIRCLE, FEWER MECHANICAL PARTS, AND LOWER PRICE TO DRIVE MARKET
  • 11.3 FOUR-WHEEL DRIVE
    BETTER TRACTION CONTROL UNDER HARSH CONDITIONS AND QUICKER FARMING TO BOOST MARKET
  • 11.4 INDUSTRY INSIGHTS
FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE
191
  • 12.1 INTRODUCTION
  • 12.2 CEREAL COMBINES
    INCREASING FARM MECHANIZATION TO DRIVE DEMAND
  • 12.3 NON-CEREAL COMBINES
    IMPROVED SILAGE QUALITY TO DRIVE DEMAND
  • 12.4 BALERS
    MINIMIZED WASTAGE AND INCREASED PRODUCTIVITY TO DRIVE DEMAND
  • 12.5 SELF-PROPELLED SPRAYERS
    LARGE-SCALE PRODUCTION TO DRIVE MARKET
  • 12.6 TRACTOR-MOUNTED SPRAYERS
    BETTER MANEUVRABILITY TO DRIVE DEMAND FOR SMALL AND MEDIUM-SIZED FARMS
  • 12.7 INDUSTRY INSIGHTS
FARM TRACTOR MARKET, BY POWER OUTPUT
204
  • 13.1 INTRODUCTION
  • 13.2 <30 HP
    PRESENCE OF SMALL FARMLANDS IN SEVERAL COUNTRIES TO DRIVE MARKET
    OPERATIONAL DATA FOR <30 HP TRACTORS BY OEMS
  • 13.3 31–70 HP
    GOVERNMENT SUBSIDIES, LOAN WAIVERS, AND POLICIES TO DRIVE MARKET
    OPERATIONAL DATA FOR 30–70 HP TRACTORS BY OEMS
  • 13.4 71–130 HP
    NEED FOR TRACTORS WITH HIGHER POWER AND EFFICIENCY IN EXTENSIVE FARMLANDS TO DRIVE MARKET
    OPERATIONAL DATA FOR 71–130 HP TRACTORS BY OEMS
  • 13.5 131–250 HP
    PRESENCE OF LARGE FARMLANDS IN EUROPE TO DRIVE MARKET
    OPERATIONAL DATA FOR 131–250 HP TRACTORS BY OEMS
  • 13.6 >250 HP
    GROWING ORGANIZED FARMING ACTIVITIES TO DRIVE MARKET
  • 13.7 INDUSTRY INSIGHTS
FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE
220
  • 14.1 INTRODUCTION
  • 14.2 FELLER BUNCHERS
    DEMAND FOR FTL PROCESS IN AMERICAS TO BOOST MARKET
  • 14.3 HARVESTERS
    INCREASING PRODUCTIVITY AND MINIMIZING MANUAL LABOR TO BOOST MARKET
  • 14.4 FORWARDERS
    EXTRACTION OF WOOD UNDER VARIED DRIVING TERRAIN CONDITIONS TO BOOST MARKET
  • 14.5 LOADERS
    INCREASE IN COMMERCIAL CONSTRUCTION ACTIVITIES TO FUEL MARKET
  • 14.6 SKIDDERS
    TECHNOLOGICAL ADVANCEMENTS TO BOOST MARKET
  • 14.7 SWING MACHINES
    MULTIPLE FUNCTIONALITIES TO DRIVE MARKET
  • 14.8 OTHER FORESTRY MACHINES
  • 14.9 INDUSTRY INSIGHTS
FARM TRACTOR MARKET, BY REGION
231
  • 15.1 INTRODUCTION
  • 15.2 ASIA OCEANIA
    MACROECONOMIC OUTLOOK FOR NORTH ASIA OCEANIA
    AUSTRALIA
    - Government assistance to farmers to drive market
    CHINA
    - Large tractor manufacturing sector and significant demand to boost market
    INDIA
    - Rise in farm mechanization to drive market
    JAPAN
    - Increasing focus on encouraging agricultural co-operatives to fuel market
    SOUTH KOREA
    - Government focus on cultivating young farmers to drive market
    REST OF ASIA OCEANIA
  • 15.3 EUROPE
    MACROECONOMIC OUTLOOK
    FRANCE
    - Labor shortage to propel market
    GERMANY
    - Increasing demand for high-powered tractors to drive market
    ITALY
    - Increasing demand for precision agriculture to fuel market
    POLAND
    - Increasing farm subsidies to drive demand
    RUSSIA
    - Small and medium-sized farms to support market growth
    SPAIN
    - Shortage of labor and increasing focus on precision agriculture to boost market
    TURKEY
    - Larger farm sizes and favorable government policies to fuel market
    UK
    - Rising demand for high-powered tractors to drive market
    REST OF EUROPE
  • 15.4 NORTH AMERICA
    MACROECONOMIC OUTLOOK
    CANADA
    - Farm mechanization and government investments in crop production to boost market
    MEXICO
    - Government support and presence of OEMs to drive market
    US
    - Presence of key players to drive market
  • 15.5 REST OF THE WORLD
    MACROECONOMIC OUTLOOK
    ARGENTINA
    - Increased focus of key players in manufacturing tractors to propel market
    BRAZIL
    - Increasing exports of tractors and presence of agri-tech startups to propel market
    OTHERS
  • 15.6 INDUSTRY INSIGHTS
COMPETITIVE LANDSCAPE
295
  • 16.1 OVERVIEW
  • 16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
    OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN FARM EQUIPMENT MARKET
  • 16.3 REVENUE ANALYSIS
  • 16.4 MARKET SHARE ANALYSIS, 2023
  • 16.5 FARM EQUIPMENT MARKET OUTLOOK, BY COUNTRY
    INDIA
    - Indian tractor OEM share analysis
    US
    - US tractor OEM share analysis
  • 16.6 COMPANY VALUATION
  • 16.7 FINANCIAL METRICS, 2024
  • 16.8 BRAND/PRODUCT COMPARISON
  • 16.9 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    INTRODUCTION
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Region footprint
    - Propulsion footprint
    - Drive type footprint
    - Equipment type footprint
  • 16.10 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    INTRODUCTION
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024
    - Detailed list of key startups/SMEs
  • 16.11 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
338
  • 17.1 KEY PLAYERS
    DEERE & COMPANY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CNH INDUSTRIAL N.V.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    MAHINDRA&MAHINDRA LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AGCO CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    KUBOTA CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CLAAS KGAA MBH
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ISEKI & CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ESCORTS KUBOTA LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SDF GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    YANMAR HOLDINGS CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 17.2 OTHER PLAYERS
    JCB (JOSEPH CYRIL BAMFORD EXCAVATORS LTD.)
    TRACTORS AND FARM EQUIPMENT LIMITED
    SONALIKA
    TYM CORPORATION
    DAEDONG CORPORATION
    EXEL INDUSTRIES LTD.
    BUCHER INDUSTRIES AG
    ZETOR TRACTORS A.S.
    ARGO TRACTORS S.P.A.
    CONCERN TRACTOR PLANTS
    AMAZONEN-WERKE H. DREYER SE & CO. KG
    ALAMO GROUP INC.
    BUHLER INDUSTRIES INC.
    AUTONOMOUS TRACTOR CORPORATION
    CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.
    CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH)
    WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD.
    BERNARD KRONE HOLDING SE & CO. KG
    VERMEER CORPORATION
    PÖTTINGER LANDTECHNIK GMBH
    MINSK TRACTOR WORKS
    HENAN QIANLI MACHINERY CO., LTD.
    MASCHIO GASPARDO S.P.A.
  • 17.3 OTHER PLAYERS FROM FOREST EQUIPMENT MACHINES
    KOMATSU LTD.
    CATERPILLAR
    PONSSE OYJ
    TIGERCAT INTERNATIONAL
RECOMMENDATIONS BY MARKETSANDMARKETS
440
  • 18.1 ASIA OCEANIA EXPECTED TO DOMINATE FARM EQUIPMENT MARKET
  • 18.2 KEY FOCUS AREAS OF ELECTRIC FARM TRACTORS
  • 18.3 FOUR-WHEEL DRIVE TRACTORS FOR FUTURE APPLICATIONS – KEY FOCUS AREA
  • 18.4 GROWING DEMAND FOR AUTONOMOUS TRACTORS IN COMING YEARS
  • 18.5 CONCLUSION
APPENDIX
444
  • 19.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 19.2 DISCUSSION GUIDE
  • 19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 19.4 CUSTOMIZATION OPTIONS
    FARM EQUIPMENT MARKET, BY DRIVE TYPE & COUNTRY
    - Asia Oceania
    - Europe
    - North America
    - Rest of the World
    ELECTRIC TRACTOR MARKET, BY POWER OUTPUT & COUNTRY
    - Asia Oceania
    - Europe
    - North America
    - Rest of the World
    AGRICULTURE SPRAYER MARKET, BY TYPE
    - Self-propelled sprayers
    - Tractor-mounted sprayers
    - Trailed sprayers
    - Handheld sprayers
  • 19.5 RELATED REPORTS
  • 19.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INCLUSIONS AND EXCLUSIONS FOR FARM EQUIPMENT MARKET
  • TABLE 2 CURRENCY EXCHANGE RATES
  • TABLE 3 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT
  • TABLE 4 CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING
  • TABLE 5 SUPPORT FROM REGIONAL GOVERNMENTS
  • TABLE 6 HARVESTER AND TRACTOR RENTAL RATES IN US, 2024 (USD)
  • TABLE 7 US: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 8 FRANCE: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 9 GERMANY: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 10 POLAND: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 11 CANADA: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 12 ITALY: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 13 GERMANY: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 14 NETHERLANDS: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 15 CANADA: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 16 US: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 17 GERMANY: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 18 US: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 19 FRANCE: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 20 CANADA: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 21 RUSSIA: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2017–2021 (000’ USD)
  • TABLE 22 GERMANY: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 23 CHINA: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 24 ITALY: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 25 US: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 26 FRANCE: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 27 FRANCE: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 28 RUSSIA: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2017–2021 (000’ USD)
  • TABLE 29 POLAND: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 30 GERMANY: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 31 CANADA: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 32 GERMANY: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 33 FRANCE: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 34 NORWAY: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 35 CZECH REPUBLIC: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)
  • TABLE 36 US: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)
  • TABLE 37 PATENT REGISTRATIONS RELATED TO FARM EQUIPMENT MARKET, 2022–2025
  • TABLE 38 ROLE OF COMPANIES IN FARM EQUIPMENT MARKET ECOSYSTEM
  • TABLE 39 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 40 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 41 ASIA OCEANIA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 42 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 43 US: TIER 4 EMISSION STANDARDS
  • TABLE 44 EUROPEAN UNION: STAGE V VS. VI EMISSION STANDARDS
  • TABLE 45 CHINA: CHINA IV EMISSION STANDARDS
  • TABLE 46 INDIA: TREM V EMISSION STANDARDS
  • TABLE 47 AVERAGE SELLING PRICE OF <30HP TRACTORS, BY REGION, 2021 – 2025 (USD)
  • TABLE 48 AVERAGE SELLING PRICE OF 31–70HP TRACTORS, BY REGION, 2021 – 2025 (USD)
  • TABLE 49 AVERAGE SELLING PRICE OF 71–130 HP TRACTORS, BY REGION, 2021 – 2025 (USD)
  • TABLE 50 AVERAGE SELLING PRICE OF 131–250 HP TRACTORS, BY REGION, 2021 – 2025 (USD)
  • TABLE 51 AVERAGE SELLING PRICE OF >250 HP TRACTORS, BY REGION, 2021 – 2025 (USD)
  • TABLE 52 AVERAGE SELLING PRICE OF TRACTOR, BY DRIVE TYPE, 2021 – 2025 (USD)
  • TABLE 53 PRODUCTS LAUNCHED BY CRITICAL PLAYERS FOR AUTONOMOUS AND SEMI-AUTONOMOUS ELECTRIC TRACTORS
  • TABLE 54 CROP DATA MANAGEMENT SOFTWARE APPLICATIONS
  • TABLE 55 FUNDING PROVIDED BY USDA AND NSF FOR PRECISION AGRICULTURE RESEARCH AND DEVELOPMENT, 2022 TO 2025
  • TABLE 56 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR FARM EQUIPMENT MARKET, BY PROPULSION (%)
  • TABLE 57 KEY BUYING CRITERIA FOR TRACTORS
  • TABLE 58 TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET
  • TABLE 59 MODELS SELECTED FOR ANALYSIS
  • TABLE 60 COST COMPARISON OF DIESEL AND ELECTRIC TRACTORS OVER TCO OF 5 YEARS IN INDIA
  • TABLE 61 KEY MODELS FROM MAHINDRA&MAHINDRA LTD. AND THEIR PRICE RANGES
  • TABLE 62 10 MODELS FROM DEERE & COMPANY AND THEIR PRICE RANGES
  • TABLE 63 10 MODELS FROM MASSEY FERGUSON (AGCO CORPORATION) AND THEIR PRICE RANGES
  • TABLE 64 10 MODELS FROM EICHER TRACTOR (TAFE) AND THEIR PRICE RANGES
  • TABLE 65 10 MODELS FROM SONALIKA (INTERNATIONAL TRACTORS LIMITED (ITL)) AND THEIR PRICE RANGES
  • TABLE 66 10 MODELS FROM KUBOTA CORPORATION AND THEIR PRICE RANGES
  • TABLE 67 10 MODELS FROM NEW HOLLAND AND THEIR PRICE RANGES
  • TABLE 68 10 MODELS FROM CASE IH AND THEIR PRICE RANGES
  • TABLE 69 OEM-WISE UNIT TRACTOR SALES IN UK, 2022–2023
  • TABLE 70 OEM-WISE UNIT TRACTOR SALES IN GERMANY, 2023
  • TABLE 71 OEM-WISE UNIT TRACTOR SALES IN ITALY, 2023–2024
  • TABLE 72 OEM-WISE UNIT TRACTOR SALES IN FRANCE, 2023–2024
  • TABLE 73 OEM-WISE UNIT TRACTOR SALES IN SPAIN, 2023–2024
  • TABLE 74 OEM-WISE UNIT TRACTOR SALES IN TURKEY, 2023
  • TABLE 75 OEM-WISE UNIT TRACTOR SALES IN INDIA, 2023–2024
  • TABLE 76 OEM-WISE UNIT COMBINE HARVESTER SALES AND THEIR MARKET SHARES IN INDIA, 2023–2024
  • TABLE 77 OEM-WISE UNIT COMBINE HARVESTER SALES IN SPAIN, 2023–2024
  • TABLE 78 FARM IMPLEMENTS MARKET, BY FUNCTION, 2021–2024 (USD MILLION)
  • TABLE 79 FARM IMPLEMENTS MARKET, BY FUNCTION, 2025–2032 (USD MILLION)
  • TABLE 80 PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 81 PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 82 SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 83 SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 84 PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 85 PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 86 HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 87 HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 88 OTHER FUNCTIONS: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 89 OTHER FUNCTIONS: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 90 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (UNIT)
  • TABLE 91 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (UNIT)
  • TABLE 92 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (USD MILLION)
  • TABLE 93 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (USD MILLION)
  • TABLE 94 BATTERY ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND BATTERY CAPACITIES
  • TABLE 95 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNIT)
  • TABLE 96 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)
  • TABLE 97 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 98 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 99 HYBRID ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND ENGINE CAPACITIES
  • TABLE 100 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNIT)
  • TABLE 101 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)
  • TABLE 102 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 103 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 104 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)
  • TABLE 105 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 106 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 107 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 108 TRACTORS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 109 TRACTORS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 110 COMBINES RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 111 COMBINES RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 112 SPRAYERS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 113 SPRAYERS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 114 BALERS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 115 BALERS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 116 OTHER RENTAL EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 117 OTHER RENTAL EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 118 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 119 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 120 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 121 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 122 31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 123 31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 124 71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 125 71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 126 131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 127 131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 128 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 129 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 130 KEY DIFFERENCES BETWEEN 2WD AND 4WD TRACTORS
  • TABLE 131 FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2024 (‘000 UNITS)
  • TABLE 132 FARM TRACTOR MARKET, BY DRIVE TYPE, 2025–2032 (‘000 UNITS)
  • TABLE 133 FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2024 (USD MILLION)
  • TABLE 134 FARM TRACTOR MARKET, BY DRIVE TYPE, 2025–2032 (USD MILLION)
  • TABLE 135 POPULAR BRAND 2WD TRACTORS
  • TABLE 136 2WD TRACTORS: OEM AND MODELS
  • TABLE 137 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 138 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 139 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 140 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 141 POPULAR 4WD TRACTORS
  • TABLE 142 4WD TRACTORS: OEM AND MODELS
  • TABLE 143 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 144 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 145 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 146 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 147 FARM EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (‘000 UNITS)
  • TABLE 148 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (‘000 UNITS)
  • TABLE 149 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 150 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 151 CEREAL COMBINES MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 152 CEREAL COMBINES MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 153 CEREAL COMBINES MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 154 CEREAL COMBINES MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 155 NON-CEREAL COMBINES MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 156 NON-CEREAL COMBINES MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 157 NON-CEREAL COMBINES MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 158 NON-CEREAL COMBINES MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 159 BALERS MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 160 BALERS MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 161 BALERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 162 BALERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 163 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 164 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 165 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 166 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 167 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 168 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 169 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 170 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 171 FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)
  • TABLE 172 FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)
  • TABLE 173 FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 174 FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 175 TRACTORS WITH <30 HP ENGINES BY OEMS
  • TABLE 176 <30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 177 <30 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 178 <30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 179 <30 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 180 TRACTOR WITH 31–70 HP ENGINES BY OEMS
  • TABLE 181 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 182 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 183 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 184 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 185 TRACTOR WITH 71–130 HP ENGINES BY OEMS
  • TABLE 186 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 187 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 188 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 189 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 190 TRACTOR WITH 131–250 HP ENGINES BY OEMS
  • TABLE 191 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 192 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 193 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 194 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 195 >250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)
  • TABLE 196 >250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)
  • TABLE 197 >250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 198 >250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 199 FORESTRY EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)
  • TABLE 200 FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)
  • TABLE 201 FELLER BUNCHERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 202 FELLER BUNCHERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 203 HARVESTERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 204 HARVESTERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 205 FORWARDERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 206 FORWARDERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 207 LOADERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 208 LOADERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 209 SKIDDERS MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 210 SKIDDERS MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 211 SWING MACHINES MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 212 SWING MACHINES MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 213 OTHER FORESTRY MACHINES MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 214 OTHER FORESTRY MACHINES MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 215 FARM TRACTOR MARKET, BY REGION, 2021–2024 (UNIT)
  • TABLE 216 FARM TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)
  • TABLE 217 FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)
  • TABLE 218 FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)
  • TABLE 219 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT)
  • TABLE 220 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT)
  • TABLE 221 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 222 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
  • TABLE 223 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 224 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 225 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 226 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 227 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 228 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 229 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 230 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 231 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 232 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 233 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 234 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 235 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 236 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 237 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 238 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 239 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 240 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 241 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 242 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 243 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 244 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 245 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 246 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 247 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT)
  • TABLE 248 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT)
  • TABLE 249 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 250 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
  • TABLE 251 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 252 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 253 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 254 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 255 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 256 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 257 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 258 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 259 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 260 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 261 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 262 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 263 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 264 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 265 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 266 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 267 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 268 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 269 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 270 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 271 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 272 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 273 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 274 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 275 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 276 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 277 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 278 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 279 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 280 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 281 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 282 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 283 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 284 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 285 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 286 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 287 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT)
  • TABLE 288 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT)
  • TABLE 289 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 290 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
  • TABLE 291 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 292 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 293 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 294 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 295 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 296 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 297 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 298 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 299 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 300 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 301 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 302 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 303 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT)
  • TABLE 304 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT)
  • TABLE 305 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)
  • TABLE 306 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)
  • TABLE 307 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 308 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 309 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 310 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 311 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 312 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 313 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 314 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 315 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT)
  • TABLE 316 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT)
  • TABLE 317 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)
  • TABLE 318 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)
  • TABLE 319 OVERVIEW OF STRATEGIES DEPLOYED BY KEY COMPANIES
  • TABLE 320 MARKET SHARE ANALYSIS, 2024
  • TABLE 321 FARM EQUIPMENT MARKET: REGION FOOTPRINT, 2024
  • TABLE 322 FARM EQUIPMENT MARKET: PROPULSION FOOTPRINT, 2024
  • TABLE 323 FARM EQUIPMENT MARKET: DRIVE TYPE FOOTPRINT, 2024
  • TABLE 324 FARM EQUIPMENT MARKET: EQUIPMENT TYPE FOOTPRINT, 2024
  • TABLE 325 FARM EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 326 FARM EQUIPMENT MARKET: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 327 FARM EQUIPMENT MARKET: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 328 FARM EQUIPMENT MARKET: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 329 FARM EQUIPMENT MARKET: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 330 DEERE & COMPANY: COMPANY OVERVIEW
  • TABLE 331 DEERE & COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 332 DEERE & COMPANY: PRODUCT LAUNCHES, JANUARY 2021 – FEBRUARY 2025
  • TABLE 333 DEERE & COMPANY: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 334 DEERE & COMPANY: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 335 DEERE & COMPANY: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 336 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW
  • TABLE 337 CNH INDUSTRIAL N.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 338 CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 339 CNH INDUSTRIAL N.V.: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 340 CNH INDUSTRIES N.V.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 341 MAHINDRA&MAHINDRA LTD.: COMPANY OVERVIEW
  • TABLE 342 MAHINDRA&MAHINDRA LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 343 MAHINDRA&MAHINDRA LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 344 MAHINDRA&MAHINDRA LTD.: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 345 MAHINDRA&MAHINDRA LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 346 MAHINDRA&MAHINDRA LTD.: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 347 AGCO CORPORATION: COMPANY OVERVIEW
  • TABLE 348 AGCO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 349 AGCO CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 350 AGCO CORPORATION: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 351 AGCO CORPORATION: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 352 AGCO CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 353 KUBOTA CORPORATION: COMPANY OVERVIEW
  • TABLE 354 KUBOTA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 355 KUBOTA CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 356 KUBOTA CORPORATION: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 357 KUBOTA CORPORATION: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 358 KUBOTA CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 359 CLAAS KGAA MBH: COMPANY OVERVIEW
  • TABLE 360 CLAAS KGAA MBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 361 CLAAS KGAA MBH: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 362 CLAAS KGAA MBH: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 363 CLAAS KGAA MBH: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 364 CLAAS KGAA MBH: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 365 ISEKI & CO., LTD.: COMPANY OVERVIEW
  • TABLE 366 ISEKI & CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 367 ISEKI & CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 368 ISEKI & CO., LTD.: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 369 ISEKI & CO., LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 370 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW
  • TABLE 371 ESCORTS KUBOTA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 372 ESCORTS KUBOTA LIMITED: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 373 ESCORTS KUBOTA LIMITED: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 374 ESCORTS KUBOTA LIMITED: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 375 SDF GROUP: COMPANY OVERVIEW
  • TABLE 376 SDF GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 377 SDF GROUP: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 378 SDF GROUP: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 379 SDF GROUP: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 380 SDF GROUP: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 381 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW
  • TABLE 382 YANMAR HOLDINGS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 383 YANMAR HOLDINGS CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025
  • TABLE 384 YANMAR HOLDINGS CO., LTD.: DEALS, JANUARY 2021–FEBRUARY 2025
  • TABLE 385 YANMAR HOLDINGS CO., LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025
  • TABLE 386 YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025
  • TABLE 387 JCB: COMPANY OVERVIEW
  • TABLE 388 TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW
  • TABLE 389 SONALIKA: COMPANY OVERVIEW
  • TABLE 390 TYM CORPORATION: COMPANY OVERVIEW
  • TABLE 391 DAEDONG CORPORATION: COMPANY OVERVIEW
  • TABLE 392 EXEL INDUSTRIES LTD.: COMPANY OVERVIEW
  • TABLE 393 BUCHER INDUSTRIES AG: COMPANY OVERVIEW
  • TABLE 394 ZETOR TRACTORS A.S.: COMPANY OVERVIEW
  • TABLE 395 ARGO TRACTORS S.P.A.: COMPANY OVERVIEW
  • TABLE 396 CONCERN TRACTOR PLANTS: COMPANY OVERVIEW
  • TABLE 397 AMAZONEN-WERKE H. DREYER SE & CO. KG: COMPANY OVERVIEW
  • TABLE 398 ALAMO GROUP INC.: COMPANY OVERVIEW
  • TABLE 399 BUHLER INDUSTRIES INC.: COMPANY OVERVIEW
  • TABLE 400 AUTONOMOUS TRACTOR CORPORATION: COMPANY OVERVIEW
  • TABLE 401 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.: COMPANY OVERVIEW
  • TABLE 402 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH): COMPANY OVERVIEW
  • TABLE 403 WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 404 BERNARD KRONE HOLDING SE & CO. KG: COMPANY OVERVIEW
  • TABLE 405 VERMEER CORPORATION: COMPANY OVERVIEW
  • TABLE 406 PÖTTINGER LANDTECHNIK GMBH: COMPANY OVERVIEW
  • TABLE 407 MINSK TRACTOR WORKS: COMPANY OVERVIEW
  • TABLE 408 HENAN QIANLI MACHINERY CO., LTD.: COMPANY OVERVIEW
  • TABLE 409 MASCHIO GASPARDO S.P.A.: COMPANY OVERVIEW
  • TABLE 410 KOMATSU LTD.: COMPANY OVERVIEW
  • TABLE 411 CATERPILLAR: COMPANY OVERVIEW
  • TABLE 412 PONSSE OYJ: COMPANY OVERVIEW
  • TABLE 413 TIGERCAT INTERNATIONAL: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 RESEARCH DESIGN
  • FIGURE 2 RESEARCH METHODOLOGY MODEL
  • FIGURE 3 BREAKDOWN OF INTERVIEWS WITH EXPERTS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 5 FARM TRACTOR MARKET SIZE: BOTTOM-UP APPROACH (POWER OUTPUT AND REGION)
  • FIGURE 6 FARM EQUIPMENT MARKET SIZE: TOP-DOWN APPROACH (FARM TRACTOR, BY DRIVE TYPE)
  • FIGURE 7 DATA TRIANGULATION METHODOLOGY
  • FIGURE 8 TRACTOR SALES, BY KEY COUNTRY, 2021–2024
  • FIGURE 9 TRACTORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 10 GROWING MECHANIZATION IN FARMING AND ELECTRIC TRACTORS TO DRIVE MARKET
  • FIGURE 11 NON-CEREAL COMBINES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 12 FOUR-WHEEL DRIVE TO BE FASTER GROWING SEGMENT DURING FORECAST PERIOD
  • FIGURE 13 31-70 HP SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 14 PLOWING & CULTIVATING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 15 BATTERY ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 16 TRACTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 17 31-70 HP SEGMENT TO LEAD FARM TRACTOR RENTAL MARKET DURING FORECAST PERIOD
  • FIGURE 18 FORWARDER SEGMENT TO LEAD FORESTRY EQUIPMENT MARKET BETWEEN 2025 AND 2032
  • FIGURE 19 ASIA OCEANIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN FARM EQUIPMENT MARKET
  • FIGURE 21 US FARMS INVOLVED IN CONTRACTS, 2024
  • FIGURE 22 MECHANIZATION RATE AND POPULATION ENGAGED IN AGRICULTURE IN SIGNIFICANT GEOGRAPHIES, 2023
  • FIGURE 23 REVENUE SHIFT FOR FARM EQUIPMENT MARKET
  • FIGURE 24 FARM EQUIPMENT MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 25 FARM EQUIPMENT MARKET: ECOSYSTEM MAPPING
  • FIGURE 26 INVESTMENT AND FUNDING, 2022–2025
  • FIGURE 27 PATENT ANALYSIS, 2016–2025
  • FIGURE 28 SUPPLY CHAIN ANALYSIS: FARM EQUIPMENT MARKET
  • FIGURE 29 GLOBAL EMISSION REDUCTION ACROSS KEY COUNTRIES
  • FIGURE 30 NRMM EMISSION REGULATIONS OUTLOOK, 2019–2030
  • FIGURE 31 AVERAGE SELLING PRICE OF <30HP TRACTORS, BY REGION, 2021 –2025
  • FIGURE 32 AVERAGE SELLING PRICE OF 31–70 HP TRACTORS, BY REGION, 2021 – 2025
  • FIGURE 33 AVERAGE SELLING PRICE OF 71–130 HP TRACTORS, BY REGION, 2021 – 2025
  • FIGURE 34 AVERAGE SELLING PRICE OF 131–250 HP TRACTORS, BY REGION, 2021 – 2025
  • FIGURE 35 AVERAGE SELLING PRICE OF >250 HP TRACTORS, BY REGION, 2021 – 2025
  • FIGURE 36 AVERAGE SELLING PRICE OF TRACTOR, BY DRIVE TYPE, 2021 – 2025
  • FIGURE 37 COMPARISON OF SOLID-STATE VS. LITHIUM-ION BATTERIES
  • FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FARM EQUIPMENT MARKET, BY PROPULSION
  • FIGURE 39 KEY BUYING CRITERIA FOR DIESEL AND ELECTRIC TRACTORS
  • FIGURE 40 FACTORS INFLUENCING TOTAL COST OF OWNERSHIP
  • FIGURE 41 TOTAL COST OF OWNERSHIP FOR DIESEL TRACTOR
  • FIGURE 42 TOTAL COST OF OWNERSHIP FOR ELECTRIC TRACTOR
  • FIGURE 43 CUMULATIVE RESULT OF TCO CONSIDERING ELECTRIC AND DIESEL TRACTORS
  • FIGURE 44 BATTERY CAPACITY VS. MOTOR OUTPUT
  • FIGURE 45 REGIONAL TREND OF DIESEL TRACTORS, BY DRIVE TYPE
  • FIGURE 46 TRACTORS OEM ANALYSIS FOR TOP KEY PLAYERS
  • FIGURE 47 FARM IMPLEMENTS MARKET, BY FUNCTION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 48 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025 VS. 2032 (USD MILLION)
  • FIGURE 49 AVERAGE GLOBAL PACK AND CELL PRICE, PER KILOWATT-HOUR, 2013–2024
  • FIGURE 50 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2025 VS 2032 (USD MILLION)
  • FIGURE 51 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION)
  • FIGURE 52 FARM TRACTOR MARKET, BY DRIVE TYPE, 2025 VS 2032 (USD MILLION)
  • FIGURE 53 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION)
  • FIGURE 54 FARM TRACTOR MARKET, BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION)
  • FIGURE 55 FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION)
  • FIGURE 56 FARM TRACTOR MARKET, BY REGION, 2025 VS 2032 (USD MILLION
  • FIGURE 57 ASIA OCEANIA REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 58 ASIA OCEANIA GDP PER CAPITA, BY COUNTRY, 2024–2026
  • FIGURE 59 ASIA OCEANIA INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 60 ASIA OCEANIA MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 61 ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT
  • FIGURE 62 EUROPE REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026
  • FIGURE 63 EUROPE GDP PER CAPITA, BY COUNTRY, 2024–2026
  • FIGURE 64 EUROPE INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026
  • FIGURE 65 EUROPE MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 66 EUROPE: FARM TRACTOR MARKET SNAPSHOT
  • FIGURE 67 NORTH AMERICA REAL GDP GROWTH RATE, BY COUNTRY, 2023–2026
  • FIGURE 68 NORTH AMERICA GDP PER CAPITA, BY COUNTRY, 2023–2026
  • FIGURE 69 NORTH AMERICA CONSUMER PRICE INDEX (CPI) INFLATION RATE, BY COUNTRY, 2023–2026
  • FIGURE 70 NORTH AMERICA MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024
  • FIGURE 71 NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY, 2025 VS 2032 (USD MILLION)
  • FIGURE 72 REST OF THE WORLD: REAL GDP ANNUAL PERCENTAGE CHANGE, 2024–2026
  • FIGURE 73 REST OF THE WORLD: GDP PER CAPITA, 2024–2026
  • FIGURE 74 REST OF THE WORLD: AVERAGE CONSUMER PRICE INDEX (CPI) INFLATION RATE, 2024–2026
  • FIGURE 75 REST OF THE WORLD: MANUFACTURING INDUSTRY VALUE (AS PART OF GDP), 2024
  • FIGURE 76 REST OF THE WORLD FARM TRACTOR MARKET, BY COUNTRY, 2025 VS 2032 (USD MILLION)
  • FIGURE 77 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019–2023
  • FIGURE 78 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2023
  • FIGURE 79 INDIAN AGRICULTURE EQUIPMENT MARKET, (‘000 UNITS)
  • FIGURE 80 INDIAN TRACTOR OEM SHARE ANALYSIS, 2024
  • FIGURE 81 US AGRICULTURE EQUIPMENT MARKET, (‘000 UNITS)
  • FIGURE 82 US TRACTOR OEM SHARE ANALYSIS, 2024
  • FIGURE 83 COMPANY VALUATION, 2024 (USD BILLION)
  • FIGURE 84 COMPANY FINANCIAL METRICS, 2024 (USD BILLION)
  • FIGURE 85 BRAND COMPARISON
  • FIGURE 86 FARM EQUIPMENT MARKET: KEY PLAYERS, 2024
  • FIGURE 87 FARM EQUIPMENT MARKET: COMPANY FOOTPRINT, 2024
  • FIGURE 88 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • FIGURE 89 DEERE & COMPANY: COMPANY SNAPSHOT, 2024
  • FIGURE 90 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT, 2023
  • FIGURE 91 MAHINDRA&MAHINDRA LTD: COMPANY SNAPSHOT
  • FIGURE 92 AGCO CORPORATION: COMPANY SNAPSHOT, 2023
  • FIGURE 93 KUBOTA CORPORATION: COMPANY SNAPSHOT, 2023
  • FIGURE 94 CLAAS KGAA MBH: COMPANY SNAPSHOT, 2024
  • FIGURE 95 ISEKI & CO., LTD.: COMPANY SNAPSHOT, 2023
  • FIGURE 96 ESCORTS KUBOTA LIMITED: COMPANY SNAPSHOT, 2024
  • FIGURE 97 SDF GROUP: COMPANY SNAPSHOT
  • FIGURE 98 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT, 2024

This research study involved extensive secondary sources, such as company annual reports/presentations, industry association publications, industry magazine articles, directories, technical handbooks, World Economic Outlook, technical articles, and databases, to identify and collect information on the farm equipment market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players (farm equipment component/system providers, farm equipment OEMs, and technology suppliers), and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess market prospects.

Secondary Research

Secondary sources for this research study included farm equipment associations and organizations, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and industry associations. Secondary data was collected and analyzed to determine the overall market size, which was further validated by primary research.

Primary Research

Extensive primary research was conducted after understanding the farm equipment market scenario through secondary research. Several primary interviews were conducted with market experts from demand (OEMs) and supply (farm equipment suppliers and component manufacturers) across major regions, namely, North America, Europe, and Asia Pacific. Approximately 100% primary interviews were conducted from the demand sides. Primary data was collected through questionnaires, emails, and telephonic interviews.

The canvassing of primaries covered various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primaries. This and the opinions of in-house subject matter experts led to the conclusions described in the remainder of this report.

Farm Equipment Market Size, and Share

Note: Tier of companies are based on the value chain of the farm equipment market; revenues of companies were not considered. Tier I companies are farm equipment .

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value and volume of the farm equipment market and other dependent submarkets, as mentioned below:

  • The bottom-up approach was used to estimate and validate the size of the farm tractor market. The farm tractor market size by power output, in terms of volume, was derived by multiplying the country-level breakup for each power output category (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP) with regional-level farm equipment sales.
  • The country-level farm tractor market, by power output by volume, was multiplied by the country-level average selling price (ASP) for each application to get the farm tractor market for each application by value.
  • The summation of the regional-level market would give the global farm tractor market by power output category (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP). The total value of each region was then summed up to derive the total value of the farm tractor market by power output.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.

The market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Farm Equipment Market : Top-Down and Bottom-Up Approach

Farm Equipment Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size, the market was split into several segments and subsegments using the market size estimation processes explained above. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Farm equipment is machines used on farmlands to perform various agricultural activities. These machines help enhance efficiency and productivity. Tractors, combines, sprayers, balers, and implements are the key farm equipment categories used in several farming activities, such as plowing, planting and seeding, harvesting, crop care, and threshing.

Stakeholders

  • Farm Equipment Manufacturers
  • Farm Equipment and Component Manufacturing Associations
  • Farm Equipment Component Suppliers
  • Farm Equipment Dealers and Distributors
  • Government and Regulatory Authorities
  • Research Professionals
  • Farm Equipment Importers, Retailers, and Dealers
  • Tier 1 System Suppliers

Report Objectives

  • To segment and forecast the size of the farm equipment market in terms of volume (units) and value (USD million) from 2021 to 2032
  • To define, describe, and forecast the farm tractor market by value and volume based on
    • Power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP) at country and regional levels
    • Drive type (two-wheel drive and four-wheel drive) at the regional level
    • Region [Asia Oceania, Europe, North America, and the Rest of the World (RoW)], along with key countries in each of these regions
  • To define, describe, and forecast the farm equipment market by value based on equipment type (cereal combines, non-cereal combines, balers, self-propelled sprayers, and tractor-mounted sprayers)
  • To define, describe, and forecast the farm implements market by value, based on function (plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and others) at the regional level
  • To define, describe, and forecast the farm equipment rental market by value based on equipment type (tractors, combines, sprayers, balers, and others) at the regional level
  • To define, describe, and forecast the farm tractor rental market by value based on
    • Power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP) at the regional level
  • To define, describe, and forecast the electric tractor market, by value and volume, based on propulsion (battery electric, hybrid electric, hydrogen) at the regional level
  • To define, describe, and forecast the forestry equipment market by value based on equipment type (Feller Buncher, Harvester, Forwarder, Skidder, Swing Machines, Knuckleboom Loader, Others)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the farm equipment market
  • To strategically analyze markets concerning individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities for stakeholders and details of the competitive landscape for market leaders
  • To analyze the market share of the key players in the farm equipment market
  • To strategically analyze the market with supply chain analysis, market ecosystem, trade analysis, case studies, ASP analysis, conferences and events, OEM analysis, OEM wise sales data for key countries, OEM wise sales data for combine harvester in key countries, patent analysis, Tractor models from top OEMs with price range, farm equipment market outlook by country, OEM strategy for future investment by the key players, total cost of ownership for electric and diesel tractor, total cost of ownership, investment and funding scenario, trends/disruptions impacting buyers, technology trends, and regulatory analysis
  • To track and analyze competitive developments such as deals (joint ventures, mergers & acquisitions, partnerships, collaborations), new product developments, and other activities carried out by key industry participants.
  • To study the following concerning the market:
    • Supply Chain Analysis
    • Ecosystem Analysis
    • Technology Analysis
    • Trade Analysis
    • Case Study Analysis
    • Patent Analysis
    • Regulatory Landscape
    • Conferences and Events
    • Average Selling Price Analysis
    • Buying Criteria
  • To analyze opportunities for stakeholders and the competitive landscape for market leaders
  • To track and analyze competitive developments such as product developments, deals, and others undertaken by the key industry participants

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company’s needs.

  • Farm Equipment Market, by Drive Type, at Country level (for countries covered in the scope of the report)
  • Agriculture Sprayer Market, by Type (for countries covered in the scope of the report)
  • Profiling of additional market players (up to 5)

Previous Versions of this Report

Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Type (Tractors, Balers, Sprayers), Tractor Drive Type, Electric Tractor by Type & Propulsion, Implement by Function, Rental & Region - Global Forecast to 2028

Report Code AT 2835
Published in Sep, 2023, By MarketsandMarkets™

Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027

Report Code AT 2835
Published in Jan, 2022, By MarketsandMarkets™

Farm Equipment Market by Tractor Power Output (<30,31–70,71–130,131–250,>250HP), Drive (2WD,4WD) & Autonomous, Combines, Baler, Sprayer, implement (Plowing & Cultivating, Sowing & Planting, Harvesting & Threshing), Rental & Region - Global Forecast to 2025

Report Code AT 2835
Published in Sep, 2020, By MarketsandMarkets™

Farm Equipment Market by Tractor Power Output (<30,31–70, 71–130, 131–250, >250), Drive (2WD, 4WD, & Autonomous), Combines, Baler, Sprayer, Implement (Plow & Cultivate, Sow, Harvest, Plant Protection & Fertilizer), Rental, & Region - Global Forecast to 2025

Report Code AT 2835
Published in Jan, 2019, By MarketsandMarkets™

Farm Tractor Market by (Power Output (30, 31–100, 101–200, >200hp), Drive Type (2WD, 4WD, & Autonomous Tractor), Combines Market (Corn, Rice, Wheat, Soybean), Implements Market (Harvest, Hay, Plant & Fertilize, Plow & Cultivate, Spray) - Forecast to 2022

Report Code AT 2835
Published in Jun, 2017, By MarketsandMarkets™

Agriculture Equipment Market by Region & Propulsion (Self-propelled & Implements); Self-propelled Equipment Market, by Type; Implements Market, by Function (Harvesting, Planting & Fertilizing, Haying, and Plowing & Cultivating) - Forecast to 2019

Report Code AT 2835
Published in Nov, 2014, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Farm Equipment Market

David

May, 2022

What are the Farm Equipment Market government efforts in emerging countries to increase farm mechanization? .

Farooq

Jul, 2022

MarketsandMarkets report in Farm Equipment was updated in Jan 2022, and it covers the market trends and growth factors with respect to Farm Equipment Market. It also covered the Market estimations of Farm Equipment’s in terms of Value (USD Million)and Volume (‘000 Units) by Tractor Power Output/ Tractor Drive Type/ Autonomous Tractor/ Electric Tractor/ Farm Equipment/ Implement/ Rental at regional and country level for the period 2016-2027. The report also covers the detail competitive landscape with key players Market Share Analysis, Developments of Key Market Players Like There Contracts & Agreements, Investments & Expansions, Joint Venture, Partnerships, And Collaborations and their Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis. Our report is primarily a demand-based coverage that states the Historic, Current and Future revenues at a regional and country level for which we had contacted several primary respondents from supply and demand side of the business to obtain the qualitative and quantitative information. We have forecasted the market size both in terms of Volume (Units) and Value (USD Million) till year 2027, which is broken down by Farm tractor market by Power Output, Farm tractor market by Drive Type, Farm equipment market, by equipment type, Implements market, by function, Farm equipment Rental market, Farm equipment market by region, Farm equipment Rental market by region.Farm Equipment Market report for your kind evaluation. Based on our conversation, I understood your company Quality Tractor Parts Ltd. being the Ireland's leading national and international tractor parts supplier and the importer & distributor for new and replacement parts for agricultural tractors you are currently looking to understand available total addressable market for these equipment’s globally, which is precisely covered in our report with profiles of the top leading Farm Equipment Manufacturer and Component Manufacturers..

Daniel

Jun, 2022

How emerging markets offering revenue expansion opportunities in Farm Equipment Market?.

apoorv

Jul, 2019

I want to understand the current and future Global market/business potential of Farm Equipments - Tractor attachments .

Nilesh

Jun, 2019

we are looking for No. of Tractor Engines manufactured /forecasted in the coming years for the Tractor segment in India. We are supplying some components for Engine Assly..

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