Strong Growth Ahead: Farm Machinery And Equipment Market Size To Grow At Arecord 5.8% Cagr By 2029

The Farm Machinery And Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Farm Machinery And Equipment Market?
Over the years, the market size for farm machinery and equipment has seen significant growth. From $221.3 billion in 2024, it's expected to increase to $235.67 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.5%. Factors such as agricultural mechanization, the effects of the industrial revolution, population expansion, increased food demand, government aid and subsidies, and the post-war agricultural surge have contributed to this historical growth.

In the coming years, the market size for farm machinery and equipment is projected to experience substantial growth, reaching a value of $295.1 billion by 2029 with a compound annual growth rate (CAGR) of 5.8%. Contributing to this growth during the predicted period are developments in precision agriculture, robotics and automation, Internet of Things (IoT), and data analytics, as well as the emergence of sustainable farming strategies and the use of electric and hybrid machinery. Key emerging trends for the forecast period encompass blockchain-enabled traceability, the usage of robotics in harvesting and planting operations, hydroponics and aeroponics technologies, multi-purpose tools, and remote supervision and management.

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What Are the Different Farm Machinery And Equipment Market Segments?
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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What Are the Primary Drivers Shaping the Farm Machinery And Equipment Market?
Farm machinery and equipment market's growth is predicted to be fueled by the incorporation of Internet of Things (IoT) applications into farming tools. The global population is projected to rise beyond 9 billion by 2050, necessitating farmers to upgrade their tools and methods to enhance crop yield in a shorter duration. The rising population calls for farmers to embrace new-age technologies to sustain food production. For example, smart greenhouses powered by IoT enable climate regulation without manual intervention. IoT sensors in such greenhouses relay data regarding light intensity, pressure, humidity, and temperature, controlling the actuators to carry out actions such as window opening, light activation, heater regulation, misting, or fan operation. Thus, IoT's role in amplifying production while minimizing manual labor contributes to the advancement of the farm machinery and equipment market.

Which Companies Are Leading in the Farm Machinery And Equipment Market?
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

What Trends Are Expected to Dominate the Farm Machinery And Equipment Market in the Next 5 Years?
Leading firms in the agricultural machinery and equipment sector are concentrating their efforts on the creation of innovative technological solutions, such as electric tractors, to make farming operations more efficient and effective. Electric tractors, agricultural vehicles that run on electricity produced by batteries and electric motors rather than conventional internal combustion engines, are shown to minimize emissions, lower operating expenses and reduce noise during various agricultural activities. For example, Fendt, an agricultural machinery enterprise from Germany, unveiled its brand-new electric tractor, the e107 V Vario, in October 2023. The tractor is specifically designed for utilization in vineyards, greenhouses, urban areas, and orchards. Its power source is a 100kWh battery, enabling the e107 V to command 90 horsepower and operate for a period ranging between 4 and 7 hours. The tractor also has a fast charging feature, allowing it to recharge from 20% to 80% in as little as 45 minutes. The e107 V Vario boasts the possession of Fendt's Vario transmission, the FendtONE operating system, and three operational modes-Eco, Dynamic, and Dynamic+-to cater to varying power requirements.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Farm Machinery And Equipment Market?
2. What is the CAGR expected in the Farm Machinery And Equipment Market?
3. What Are the Key Innovations Transforming the Farm Machinery And Equipment Industry?
4. Which Region Is Leading the Farm Machinery And Equipment Market?

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