Iot Integration To Drive Market Growth: A Key Factor Shaping the Future of the Farm Machinery And Equipment Market in 2025

What industry-specific factors are fueling the growth of the farm machinery and equipment market?
The incorporation of Internet of Things (IoT) applications in farming tools is anticipated to boost the farm machinery and equipment market. With the global population projected to exceed 9 billion by 2050, farmers must have access to improved equipment and methods to expedite agricultural output. To meet the needs of this increasing population, they must adopt latest technologies. Taking the example of a smart greenhouse powered by IoT, it permits climate regulation without human interference. The smart greenhouse's IoT sensors gather data on light intensity, pressure, humidity, and temperature, and automatically regulate the actuators to operate windows, lighting, heating, misting, or fans. As a result, IoT aids in amplifying production while decreasing labor input, providing a push to the farm machinery and equipment market.

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What Is the projected market size and growth rate for the farm machinery and equipment market?
The market size for farm machinery and equipment has seen substantial growth in recent years. The market is projected to expand from $221.3 billion in 2024 to $235.67 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This consistent growth within the historical period is credited to the mechanisation of agriculture, the implications of the industrial revolution, burgeoning population and resulting increased food demand, as well as government assistance and subsidies following the post-war agricultural boom.

The size of the farm machinery and equipment market is predicted to experience significant expansion in the coming years, raising its worth to $295.1 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%. The anticipated growth throughout the forecast period can be traced back to advancements in precision agriculture, robotics and automation, IoT and data analytics, sustainable farming practices, and the advent of electric and hybrid machinery. The forecast period also sees key trends such as blockchain traceability, the use of robotics in harvesting and planting, introduction of hydroponics and aeroponics technologies, multi-functional tools, and remote observation and control.

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What new trends are reshaping the farm machinery and equipment market and its opportunities?
Leading firms in the agricultural machinery and equipment market are striving to introduce cutting-edge technology solutions like electric tractors to optimize and improve farming practices. Unlike conventional tractors that run on internal combustion engines, an electric tractor operates using electric motors and batteries, yielding fewer emissions and providing a less noisy operation at lower costs. For example, Fendt, a German farming equipment company, debuted its novel electric tractor, e107 V Vario, in October 2023. This tractor, well-suited for functioning in vineyards, orchards, greenhouses, and municipalities, is equipped with a 100kWh battery and outputs 90 horsepower. It can operate for a duration between 4 and 7 hours with a fast recharge ability, from 20% to 80%, in a mere 45 minutes. The e107 V incorporates Fendt's Vario transmission, FendtONE operating system and three operating modes named Eco, Dynamic, and Dynamic+ to cater to varying power requirements.

What major market segments define the scope and growth of the farm machinery and equipment market?
The farm machinery and equipment market covered in this report 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

Subsegments:
1) By Cultivator: Tine Cultivators, Disc Cultivators
2) By Rotator: Rotary Tillers, Rotary Hoes
3) By Chisel Plow: Rigid Frame Chisel Plows, Folding Chisel Plows
4) By Harvester: Combine Harvesters, Forage Harvesters, Grain Harvesters
5) By Roller: Land Rollers, Turf Rollers
6) By Field Sprayer And Spreader: Boom Sprayers, ATV Sprayers, Broadcast Spreaders
7) By Irrigation System: Drip Irrigation, Sprinkler Irrigation, Surface Irrigation
8) By Livestock Equipment: Feeding Equipment, Milking Machines, Fencing Equipment
9) By Tractors: Utility Tractors, Row Crop Tractors, Compact Tractors
10) By Other Types: Seeders and Planters, Tillage Equipment, Harvesting Accessories

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Which region dominates the farm machinery and equipment market?
Asia-Pacific was the largest region in the farm machinery and equipment market in 2024. North America was the second largest region in the global farm machinery and equipment market share. The regions covered in the farm machinery and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the farm machinery and equipment industry growth?
Major companies operating in the farm machinery and equipment market include John Deere, AGCO Corporation, CNH Industrial, Kubota Corporation, Mahindra & Mahindra Ltd., CLAAS KGaA mbH, Yanmar Co., Ltd., Escorts Limited, Valmont Industries, Inc., Bucher Industries, Fendt, SAME Deutz-Fahr Group, Iseki & Co., Ltd., Kioti Tractor, JCB Limited, Massey Ferguson, Zetor Tractors a.s., New Holland Agriculture, McCormick Tractors International Ltd., V.S.T. Tillers Tractors Ltd., Argo Tractors S.p.A., Kuhn Group, Lindsay Corporation, TAFE - Tractors and Farm Equipment Limited, Vermeer Corporation, Alamo Group Inc., Krone Group, HORSCH Maschinen GmbH, Amazone H. Dreyer GmbH & Co. KG, Hardi International

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What Is Covered In The Farm Machinery And Equipment Global Market Report?

•Market Size Forecast: Examine the farm machinery and equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the farm machinery and equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the farm machinery and equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the farm machinery and equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the farm machinery and equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the farm machinery and equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the farm machinery and equipment market.
•Competitive Landscape: Review strategic developments in the farm machinery and equipment market, including expansions, agreements, and new product launches.

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