Agricultural Machinery Market Research

View all charts from this press release on LinkedIn.
https://www.linkedin.com/pulse/agricultural-machinery-market-research-kira-yue-qin-idjfc

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart)

https://www.qyresearch.com/sample/4751589

Agricultural Machinery Industrial Chain

The upstream segment of the agricultural machinery industry chain mainly includes raw materials such as steel, as well as components like engines, tires, bearings, and hydraulic systems. The midstream segment primarily involves the manufacturers of various types of agricultural machinery, such as tractors, harvesters, and spraying equipment. The downstream segment represents the main application areas of agricultural machinery, which mainly include crop cultivation, forestry, and horticulture.

Upstream Analysis of the Global Agricultural Machinery Industry
According to sales volume, in 2022, among the 25 single-cylinder diesel engine manufacturers tracked by the CICEIA (Internal Combustion Engine Industry Association), 3 companies sold 200 and over 200 thousand units, 4 companies sold between 100-200 (excluding 200) thousand units, 7 companies sold between 50 and 100 (excluding 100) thousand units, and 11 companies sold fewer than 50 thousand units. The sales of single-cylinder diesel engines in China in 2022 (by sales volume range) is shown in the table below. Due to the development of efficient operations on plains and the trend toward larger machinery, the usage of multi-cylinder diesel engines has increased significantly.

Global Agricultural Machinery Market Size
Agricultural machinery plays a critical role in modern agriculture, enabling farmers to perform tasks more efficiently than relying solely on manual labor. As global demand for food continues to rise, governments and related agencies around the world are increasingly turning to mechanization to boost productivity, reduce labor costs, and effectively manage large-scale operations. According to data from agricultural machinery associations in various countries, company statistics, and QYResearch analysis, the global agricultural machinery market reached USD 123.7 billion in 2024. QYResearch forecasts that the market will grow to USD 139.6 billion by 2030, with a compound annual growth rate (CAGR) of 4.5% from 2025 to 2030.

China Agricultural Machinery Market Size
According to statistics from the China Agricultural Mechanization Association (CAMA) and QYResearch, the market size of China's agricultural machinery market reached USD 23.5 billion in 2024. QYResearch further predicts that by 2030, the market will grow to USD 28.8 billion, accounting for 21% of the global market share, indicating China's growing competitiveness in the global agricultural machinery market. China's agricultural machinery exports have maintained steady growth in recent years, particularly showing strong international competitiveness in products such as tractors, harvesters, and planting equipment. Driven by initiatives such as the Belt and Road Initiative, emerging markets in Southeast Asia, Africa, and Latin America have experienced rapid growth.

Agricultural Machinery Market Segment by Types
According to QYResearch forecasts, driven by technological innovation and agricultural policy support, the market for various types of agricultural machinery is expected to maintain steady growth through 2030. Among them, tractors-serving as the core power equipment in agricultural operations-will continue to hold the largest market share, playing a key role in plowing, transportation, and auxiliary tasks.

Tractors
According to research from agricultural machinery associations of various countries and QYResearch, the global agricultural tractor market size was USD 66.7 billion in 2024 and it is expected to reach USD 75.2 billion by 2030, with wheeled tractors being the dominant product in the market. According to data from the China Agricultural Mechanization Association (CAMA), the total number of agricultural tractors operation in China is approximately 21 million units, of which about 16 million are small tractors (22.1 kW and below).

Harvesters
According to research from agricultural machinery associations of various nations and QYResearch, the global harvesters market size was USD 16.6 billion in 2024 and it is expected grow to USD 20 billion by 2030. Leading global harvesters manufacturers include John Deere, CNH Industrial (Case IH and New Holland), Kubota, Claas, Yanmar, AGCO, WORLD, and LOVOL.

Spraying Equipment
Agricultural spraying equipment mainly includes self-propelled sprayers, trailed sprayers, and handheld/backpack sprayers. According to research from agricultural machinery associations of various and QYResearch, the global spraying equipment market size was USD 2.08 billion in 2024 and it is forecast to reach USD 2.28 billion by 2030, showing a steady upward trend, especially driven by the demand for self-propelled sprayers. This growth reflects the ongoing demand for efficient and precise application technologies driven by agricultural modernization, particularly in crop protection, pest and disease control, and the context of reducing pesticide use while increasing effectiveness, making spraying equipment increasingly important.

Livestock Related Products
Livestock-related machinery is an indispensable and important component of the modern animal husbandry production system, widely used in key areas such as forage planting, feed harvesting and processing, and feed mixing. Currently, the main equipment in the industry includes mowers, forage balers, and feed mixers. These machines significantly improve the efficiency of forage operations and the level of feeding management, helping the livestock industry achieve large-scale and intensive development.

According to QYResearch, the global market size for TMR (Total Mixed Ration) feed mixers reached USD 540 million in 2024. Leading global manufacturers of agricultural mowers include SILOKING Mayer, Faresin Industries, Storti SpA, KUHN, Delaval, RMH Lachish Industries, and Trioliet, etc.

Agricultural balers are primarily used to collect and compress cut forage (or other crop residues) into bales that are easier to transport, store, and use. These bales typically come in two forms: round bales and square bales, with round bales being the dominant product. The global market size for agricultural round balers was USD 2.2 billion in 2024.

Livestock Related Products
According to research by agricultural machinery associations of various countries and QYResearch, the global agricultural mower market was USD 1.31 billion in 2024 and it is expected to reach USD 1.41 billion by 2030. Leading global manufacturers of agricultural mowers include John Deere, Kubota, CNH Industrial, KUHN, AGCO, Alamo Group, Krone, and CLAAS.

Forest Related Products
Forestry-related agricultural machinery is primarily used for logging, transportation, land preparation, and tree planting, significantly improving the mechanization and automation of forestry operations. According to research by regional forestry associations and QYResearch, Europe and North America are major consumer markets. In 2024, over 790 forestry harvesters are expected to be sold in North America. Leading global manufacturers of forestry machinery include John Deere, Komatsu Forest, Tigercat, Timberpro, Caterpillar, and Eco Log.

Agricultural Machinery - Company Ranking
According to QYResearch, the global agricultural machinery company rankings for 2023-2024 as is shown below, the market is dominated by a group of leading companies with strong technological and scale advantages. Well-known enterprises such as John Deere, CNH Industrial (Case IH and New Holland), Kubota, AGCO, Claas, and Mahindra are at the forefront of the industry.

In 2024, the top five global manufacturers account for over 50% of the global market share. These international giants continuously drive the development of agricultural machinery towards intelligence, environmental friendliness, and high efficiency, leveraging their strong product R&D capabilities, comprehensive global sales networks, and extensive product lines.

In the Chinese market, local manufacturers such as Weichai Lovol, Word Agricultural Machinery, and China YTO have been rapidly rising in recent years. With a deep understanding of domestic agricultural production models and cost-performance advantages, they have achieved large-scale development in core areas such as tractors and harvesters. These companies are also accelerating their technological upgrades, expanding into smart agricultural machinery and overseas markets, gradually narrowing the gap with international manufacturers.

Agricultural Machinery Market Drivers

Agricultural Machinery - Export
According to research by the China Agricultural Mechanization Association (CAMA) and QYResearch, in 2022, China's total export value of complete agricultural machinery reached USD 9.28 billion, while exports of agricultural machinery parts amounted to USD 5.084 billion, maintaining a growth trend in recent years. In 2022, China's agricultural machinery exports to Belt and Road countries, RCEP regions, and emerging markets grew rapidly.

According to research by the China Agricultural Mechanization Association (CAMA) and QYResearch, both the export volume and value of large tractors over 100 horsepower saw significant growth. In 2022, the export volume of large tractors reached 9,508 units, a year-on-year increase of 39.4%, with an export value of USD 290 million, up 42.4% year-on-year. The export value of large tractors accounted for 34.8% of total tractor exports, an increase of 6.2 percentage points compared to 2021.Among them, tractors over 180 horsepower recorded an export value of USD 50.15 million, a year-on-year increase of 380.6%, with an export volume of 1,022 units, up 340.5% year-on-year. The average export price also rose by 9.1% year-on-year. The main export destinations for large tractors over 100 horsepower were the Russian Federation, Kazakhstan, South Africa, France, and Ukraine.

Request for Pre-Order Enquiry On This Report

https://www.qyresearch.com/customize/4751589

Contact Information:
Li Feifei

Equipment & Machinery Industry Analyst

Tel: +86-15611866707

Email:lifeifei@qyresearch.com

Research Areas: 10 years of industry research experience, focusing on environmental protection chemicals and various mechanical equipment industry chains.

Kira Yue Qin

Tel: +1 626 2952 442 ; +351 914374211(Tel & Whatsapp)

Email: qinyue@qyresearch.com; global@qyresearch.com

Website: www.qyresearch.com

About QY Research
As of July 2025, QY Research has become a global leader in market intelligence and strategic insights across industries.

· Over 71,000 global leading enterprises have chosen QY Research as their trusted partner.

· Our network includes 20,000+ industry experts across various sectors worldwide, enabling efficient collection of insights and raw data.

· A rigorous 36-step data verification system ensures the reliability and accuracy of every report we publish.

· With over 2 million published reports, QY Research is now the world's largest market report provider.

· Our 2,000+ global databases span detailed data across most countries, including import-export statistics and customs intelligence.

· With partnerships in over 160 countries, we have established a comprehensive global sales and research network.

· Our 90% client retention rate and long-term cooperation with top companies prove the exceptional quality and service we deliver.

· QY Research data has been used in 30+ IPO reports and cited by 5,000+ global media outlets and large enterprises, reinforcing our position as a leading global data provider.

At QY Research, we are committed to consistently exceeding the expectations of our clients and society at large.

To access the latest market reports, visit: www.qyresearch.com

This release was published on openPR.