Global Farm Machinery and Equipment Market: Soaring to $295.1 Billion by 2029 at a CAGR of 5.8%

Growth propelled by advancements in precision agriculture, robotics and automation, IoT, data analytics, and sustainable farming solutions.

What Is The Projected Market Size Of The Global Farm Machinery And Equipment Market and Its Growth Rate?
• The market will increase from $221.3 billion in 2024 to $235.67 billion in 2025 (CAGR 6.5%).
• The market is projected to reach $295.1 billion in 2029 (CAGR of 5.8%).

What Is Driving The Growth In The Farm Machinery And Equipment Market?

The primary thrust behind the farm machinery and equipment market growth is the incorporation of Internet of Things (IoT) applications into farming equipment. Our population is expected to exceed 9 billion people by 2050, prompting farmers to seek better tools and practices for efficient food production. Technologies such as smart greenhouses controlled by IoT sensors indicate the future of farming - automatic climate control with minimal human intervention, facilitating increased production with less labour.

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Who Are the Key Players Driving Farm Machinery And Equipment Market Growth?
• John Deere
• AGCO Corporation
• CNH Industrial
• Kubota Corporation
• Mahindra & Mahindra Ltd.
• CLAAS KGaA mbH
• Yanmar Co., Ltd.
• Escorts Limited
• Valmont Industries, Inc.
• Bucher Industries
• Others

What Are The Key Trends In The Farm Machinery And Equipment Market?
• Blockchain traceability
• Robotics for harvesting and planting
• Hydroponics and aeroponics technologies
• Multi-functional implements
• Remote monitoring and control

What Are The Segments Of The Global Farm Machinery And Equipment Market?
• Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock Equipment, Tractors, Other Types
• Capacity: Small, Medium, Large
• Operation: Manual, Semi-Autonomous, Fully-Autonomous
• Application: Spraying, Water Supply And Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Other Applications

Which Region Leads The Farm Machinery And Equipment Market?
In 2024, Asia-Pacific held the largest share in the farm machinery and equipment market. North America was the second largest. These two regions are followed by Western Europe, Eastern Europe, South America, Middle East, and Africa.

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What Is Covered In The Farm Machinery And Equipment Market Global Market Report?
• Market Size Analysis: Analyze the Farm Machinery And Equipment Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Farm Machinery And Equipment Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Farm Machinery And Equipment Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Farm Machinery And Equipment Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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