Agricultural Machinery Market Set to Surge: Innovations Driving $205B Industry by 2028 | Top Companies - AGCO Corp, CNH Industrial N.V., Deere & Co. (John Deere), Kubota Corp.

Market Size and Growth:

The Agricultural Machinery Market Size is valued at USD 140 billion in 2020, and it is projected to reach USD 205 billion by 2028, with growth at a CAGR of 7% throughout the forecast period 2024-2031. The Market is growing due to increasing demand for mechanization in farming, improving efficiency, and addressing labor shortages in agriculture. According to DataM Intelligence Report.

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The Agricultural Machinery Market encompasses the global industry involved in manufacturing, selling, and servicing machines used in farming activities. It includes equipment for soil preparation, planting, irrigation, harvesting, and crop processing. Driven by technological advancements, mechanization, and increasing demand for higher agricultural productivity, this market serves farmers, agribusinesses, and government programs aiming to optimize efficiency and reduce labor dependency.

United States: Recent Developments of Agricultural Machinery Market

✅ November 2025 - Launch of autonomous plowing machinery: John Deere introduced new autonomous plowing equipment with AI-based soil condition analysis and real-time field mapping, targeting higher precision and reduced labor dependence on U.S. farms.​

✅ October 2025 - Precision cultivation upgrades: AGCO upgraded its precision cultivation machinery sold in the U.S. with enhanced GPS-based depth and row-spacing controls, supporting higher-yield row‐crop operations and tighter input management.​

✅ September 2025 - Tractor sales and hybrid adoption uptick: U.S. agricultural tractor sales grew about 4% year‐on‐year in September 2025, coinciding with increased adoption of electric and hybrid cultivators as growers look for fuel savings and sustainability gains.

Europe: Recent Developments of Agricultural Machinery Market

✅ November 2025 - Agritechnica 2025 product and engine contracts: At Agritechnica 2025 in Hannover, multiple OEMs unveiled next‐generation tractors and machinery for European farms, including TAFE's hybrid and compact models and new FPT Industrial engine supply contracts with SDF, JCB and Lindner to power upcoming tractor lines.​

✅ November 2025 - New technology entrants in ag machinery: Technology supplier Dumarey formally entered the agricultural machinery sector at Agritechnica 2025, presenting advanced control and emission solutions tailored for European ag equipment platforms.​

✅ October 2025 - Business climate and demand signals: CEMA's October 2025 barometer showed the European agricultural machinery business climate softening slightly but remaining positive, with volumes holding up better than in North America and dealers watching for a delayed recovery in orders.

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Major Players:

Key companies in the Agricultural Machinery market include:

AGCO Corp
CNH Industrial N.V.
Deere & Co. (John Deere)
Kubota Corp
Yanmar Co. Ltd
The Toro Company
Jain Irrigation Systems Limited
Bucher Industries
Mahindra and Mahindra
Lindsay Corp
CLAAS KGaA mbH

Market Growth Drivers:

✅ Increasing adoption of precision farming technologies: Advancements in GPS, AI, IoT, and automation optimize resource use, boost yields, and enable data-driven decisions for farmers facing labor shortages and rising food demand.​

✅ Rising agricultural mechanization worldwide: Farmers shift to machinery like tractors and harvesters to enhance efficiency, reduce manual labor dependency, and meet global food production needs amid population growth.​

✅ Government support and subsidies: Policies including loans, incentives, and mechanization programs lower costs for equipment, accelerating adoption especially in emerging markets.

Segments Covered in the Agricultural Machinery Market:

By Product: Tractor's machinery, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying and forage Machinery, Irrigation Machinery, and Others.

By Application: Soil Cultivation, Irrigation, Pest Control, Harvesting, and Others.

Regional Analysis for Agricultural Machinery Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Agricultural Machinery market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Agricultural Machinery Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Agricultural Machinery market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Agricultural Machinery Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Agricultural Machinery market?

➠ Who are the global key manufacturers of the Agricultural Machinery Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Agricultural Machinery market opportunities and threats faced by the vendors in the global Agricultural Machinery Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Agricultural Machinery market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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