Agricultural Production Equipment Market to Reach US$ 186.44 Billion by 2031, Driven by Farm Mechanization, Precision Agriculture Adoption, and Rising Global Food Demand

Market Summary -
The global Agricultural Production Equipment market was valued at US$ 126,330 million in 2024 and is projected to reach US$ 186,440 million by 2031, expanding at a steady CAGR of 5.8% during the forecast period 2025-2031.

According to QY Research, the newly released report titled "Agricultural Production Equipment Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" delivers a comprehensive, data-driven assessment of the global agricultural machinery industry. The report provides in-depth insights into market size evolution, competitive structure, technology trends, regional demand patterns, and future growth opportunities for equipment manufacturers, distributors, policymakers, and agribusiness stakeholders.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/machinery-equipment-global-agricultural-production-equipment-market-insights-industry-share-sales-projections-and-demand-outlook-2025-2031

Industry Overview and Product Definition -
Agricultural production equipment encompasses a wide range of machinery and tools used to support farming operations, from basic hand tools and powered equipment to advanced tractors and specialized implements. These machines are essential across all stages of agricultural production, including plowing, sowing, fertilizing, crop protection, harvesting, and post-harvest processing.

Modern agricultural equipment plays a critical role in improving farm productivity, reducing labor dependency, optimizing resource utilization, and supporting large-scale commercial farming. With the global agricultural sector facing challenges such as labor shortages, climate variability, and the need for higher yields, mechanization has become a cornerstone of sustainable and efficient food production systems.

Market Dynamics and Growth Drivers -
The agricultural production equipment market is experiencing sustained growth, supported by long-term structural drivers across both developed and emerging economies.

Key growth drivers include:

Rising global food demand driven by population growth and urbanization

Accelerating farm mechanization to address labor shortages and improve efficiency

Increasing adoption of precision agriculture technologies, including GPS-enabled and data-driven machinery

Government initiatives and subsidies promoting modern agricultural practices

Expansion of large-scale and commercial farming operations worldwide

Technological innovation is also reshaping the industry, with manufacturers integrating automation, telematics, smart sensors, and fuel-efficient powertrains into next-generation equipment to enhance productivity and sustainability.

Regional Market Outlook -
The report provides detailed regional analysis across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

North America remains a mature and technology-driven market, supported by large farm sizes, high equipment replacement rates, and strong adoption of precision farming solutions.

Europe shows steady demand, driven by modernization of farming fleets and increasing focus on sustainability and emissions reduction.

Asia Pacific is expected to be one of the fastest-growing regions, fueled by rising mechanization in countries such as China, India, and Southeast Asia, along with government programs supporting agricultural modernization.

South America and Middle East & Africa represent emerging growth markets as investment in agricultural infrastructure and productivity improvement continues.

Competitive Landscape -
The global agricultural production equipment market is highly competitive, featuring a mix of established multinational manufacturers and strong regional players. Competition centers on product reliability, technological innovation, after-sales service networks, and adaptability to diverse farming conditions.

Key companies profiled in the report include:
► AGCO
► Alamo Group
► Claas
► CNH Industrial
► John Deere
► Kubota
► JCB
► Mahindra
► Yanmar
► Escorts Group
► ISEKI
► Zoomlion
► Rostselmash
► Tractors and Farm Equipment (TAFE)
► YTO Group
(and other global and regional manufacturers)

In 2024, the world's top three vendors accounted for a significant share of total market revenue, reflecting strong brand presence and global distribution capabilities.

Market Scope and Research Coverage -
This report provides a comprehensive presentation of the global Agricultural Production Equipment market, combining quantitative and qualitative analysis to help stakeholders develop growth strategies, assess competitive positioning, and make informed business decisions.

Market size estimations and forecasts are presented in terms of revenue (US$ millions), with 2024 as the base year, historical data from 2020-2024, and forecasts extending through 2031. The report includes detailed segmentation by type, application, company, region, and country, along with coverage of technology trends and new product developments.

Market Segmentation Highlights -
By Type:
► Tractors
► Harvesters
► Planting Equipment
► Irrigation & Crop Processing Equipment
► Spraying Equipment
► Hay & Forage Equipment
► Others

By Application:
► Plowing
► Sowing
► Plant Protection & Fertilizing
► Harvesting & Threshing
► Others

Each segment is evaluated in terms of revenue contribution, adoption trends, and future growth potential.

Reasons to Procure This Report -
► Access accurate global and regional market forecasts (2020-2031)
► Understand company market share, ranking, and competitive dynamics
► Track mechanization and precision agriculture technology trends
► Identify high-growth equipment categories and regional opportunities
► Support investment planning, product development, and market entry strategies

Key Questions Answered in the Report -
► What is the current and future size of the global agricultural production equipment market?
► Which regions and equipment categories are driving demand growth?
► How are mechanization and smart farming technologies shaping the industry?
► Who are the leading manufacturers, and how competitive is the market?
► What trends will define agricultural equipment demand through 2031?

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Table of Contents - Major Key Points:

1 Agricultural Production Equipment Market Overview
1.1 Product Definition
1.2 Agricultural Production Equipment by Type
1.2.1 Global Agricultural Production Equipment Market Value by Type (2020-2031)
1.2.2 Tractors
1.2.3 Harvesters
1.2.4 Planting Equipment
1.2.5 Irrigation & Crop Processing Equipment
1.2.6 Spraying Equipment
1.2.7 Hay & Forage Equipment
1.2.8 Others
1.3 Agricultural Production Equipment by Application
1.3.1 Global Agricultural Production Equipment Market Value by Application 2020-2031)
1.3.2 Plowing
1.3.3 Sowing
1.3.4 Plant Protection & Fertilizing
1.3.5 Harvesting & Threshing
1.3.6 Others
1.4 Global Agricultural Production Equipment Revenue (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Players Competitive Analysis
3.1 Global Agricultural Production Equipment Revenue by Player (2020-2025)
3.2 Agricultural Production Equipment Company Evaluation Quadrant
3.3 Industry Rank
3.3.1 Global Key Players of Agricultural Production Equipment, Industry Ranking, 2023 VS 2024
3.3.2 Global Agricultural Production Equipment Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3.3 Global Agricultural Production Equipment Market Concentration Rate
3.3.4 Global 5 and 10 Largest Agricultural Production Equipment Players Market Share by Revenue
3.4 Agricultural Production Equipment Market: Overall Company Footprint Analysis
3.4.1 Agricultural Production Equipment Market: Region Footprint
3.4.2 Agricultural Production Equipment Market: Company Product Type Footprint
3.4.3 Agricultural Production Equipment Market: Company Product Application Footprint
3.4.4 Global Key Players of Agricultural Production Equipment, Date of Enter into This Industry
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
4 Players Profiles
4.1 AGCO
4.1.1 AGCO Company Details
4.1.2 AGCO Business Overview
4.1.3 AGCO Agricultural Production Equipment Introduction
4.1.4 AGCO Revenue in Agricultural Production Equipment Business (2020-2025)
4.1.5 AGCO Recent Development
4.2 Alamo Group
4.2.1 Alamo Group Company Details
4.2.2 Alamo Group Business Overview
4.2.3 Alamo Group Agricultural Production Equipment Introduction
4.2.4 Alamo Group Revenue in Agricultural Production Equipment Business (2020-2025)
4.2.5 Alamo Group Recent Development
4.3 Claas
4.3.1 Claas Company Details
4.3.2 Claas Business Overview
4.3.3 Claas Agricultural Production Equipment Introduction
4.3.4 Claas Revenue in Agricultural Production Equipment Business (2020-2025)
4.3.5 Claas Recent Development
4.4 CNH Industrial
4.4.1 CNH Industrial Company Details
4.4.2 CNH Industrial Business Overview
4.4.3 CNH Industrial Agricultural Production Equipment Introduction
4.4.4 CNH Industrial Revenue in Agricultural Production Equipment Business (2020-2025)
4.4.5 CNH Industrial Recent Development
4.5 Dongfeng farm
4.5.1 Dongfeng farm Company Details
4.5.2 Dongfeng farm Business Overview
4.5.3 Dongfeng farm Agricultural Production Equipment Introduction
4.5.4 Dongfeng farm Revenue in Agricultural Production Equipment Business (2020-2025)
4.5.5 Dongfeng farm Recent Development
4.6 Escorts Group
4.6.1 Escorts Group Company Details
4.6.2 Escorts Group Business Overview
4.6.3 Escorts Group Agricultural Production Equipment Introduction
4.6.4 Escorts Group Revenue in Agricultural Production Equipment Business (2020-2025)
4.6.5 Escorts Group Recent Development
4.7 Exel Industries
4.7.1 Exel Industries Company Details
4.7.2 Exel Industries Business Overview
4.7.3 Exel Industries Agricultural Production Equipment Introduction
4.7.4 Exel Industries Revenue in Agricultural Production Equipment Business (2020-2025)
4.7.5 Exel Industries Recent Development
4.8 Horsch Maschinen
4.8.1 Horsch Maschinen Company Details
4.8.2 Horsch Maschinen Business Overview
4.8.3 Horsch Maschinen Agricultural Production Equipment Introduction
4.8.4 Horsch Maschinen Revenue in Agricultural Production Equipment Business (2020-2025)
4.8.5 Horsch Maschinen Recent Development
4.9 ISEKI
4.9.1 ISEKI Company Details
4.9.2 ISEKI Business Overview
4.9.3 ISEKI Agricultural Production Equipment Introduction
4.9.4 ISEKI Revenue in Agricultural Production Equipment Business (2020-2025)
4.9.5 ISEKI Recent Development
4.10 JCB
4.10.1 JCB Company Details
4.10.2 JCB Business Overview
4.10.3 JCB Agricultural Production Equipment Introduction
4.10.4 JCB Revenue in Agricultural Production Equipment Business (2020-2025)
4.10.5 JCB Recent Development
4.11 Jiangsu Wode Group
4.11.1 Jiangsu Wode Group Company Details
4.11.2 Jiangsu Wode Group Business Overview
4.11.3 Jiangsu Wode Group Agricultural Production Equipment Introduction
4.11.4 Jiangsu Wode Group Revenue in Agricultural Production Equipment Business (2020-2025)
4.11.5 Jiangsu Wode Group Recent Development
4.12 John Deere
4.12.1 John Deere Company Details
4.12.2 John Deere Business Overview
4.12.3 John Deere Agricultural Production Equipment Introduction
4.12.4 John Deere Revenue in Agricultural Production Equipment Business (2020-2025)
4.12.5 John Deere Recent Development
4.13 Kubota
4.13.1 Kubota Company Details
4.13.2 Kubota Business Overview
4.13.3 Kubota Agricultural Production Equipment Introduction
4.13.4 Kubota Revenue in Agricultural Production Equipment Business (2020-2025)
4.13.5 Kubota Recent Development
4.14 LOVOL
4.14.1 LOVOL Company Details
4.14.2 LOVOL Business Overview
4.14.3 LOVOL Agricultural Production Equipment Introduction
4.14.4 LOVOL Revenue in Agricultural Production Equipment Business (2020-2025)
4.14.5 LOVOL Recent Development
4.15 Mahindra
4.15.1 Mahindra Company Details
4.15.2 Mahindra Business Overview
4.15.3 Mahindra Agricultural Production Equipment Introduction
4.15.4 Mahindra Revenue in Agricultural Production Equipment Business (2020-2025)
4.15.5 Mahindra Recent Development
4.16 Manitou Group
4.16.1 Manitou Group Company Details
4.16.2 Manitou Group Business Overview
4.16.3 Manitou Group Agricultural Production Equipment Introduction
4.16.4 Manitou Group Revenue in Agricultural Production Equipment Business (2020-2025)
4.16.5 Manitou Group Recent Development
4.17 Maschio Gaspardo
4.17.1 Maschio Gaspardo Company Details
4.17.2 Maschio Gaspardo Business Overview
4.17.3 Maschio Gaspardo Agricultural Production Equipment Introduction
4.17.4 Maschio Gaspardo Revenue in Agricultural Production Equipment Business (2020-2025)
4.17.5 Maschio Gaspardo Recent Development
4.18 MaterMacc
4.18.1 MaterMacc Company Details
4.18.2 MaterMacc Business Overview
4.18.3 MaterMacc Agricultural Production Equipment Introduction
4.18.4 MaterMacc Revenue in Agricultural Production Equipment Business (2020-2025)
4.18.5 MaterMacc Recent Development
4.19 Morris Industries
4.19.1 Morris Industries Company Details
4.19.2 Morris Industries Business Overview
4.19.3 Morris Industries Agricultural Production Equipment Introduction
4.19.4 Morris Industries Revenue in Agricultural Production Equipment Business (2020-2025)
4.19.5 Morris Industries Recent Development
4.20 MTZ Equipment
4.20.1 MTZ Equipment Company Details
4.20.2 MTZ Equipment Business Overview
4.20.3 MTZ Equipment Agricultural Production Equipment Introduction
4.20.4 MTZ Equipment Revenue in Agricultural Production Equipment Business (2020-2025)
4.20.5 MTZ Equipment Recent Development
4.21 QUIVOGNE Group
4.21.1 QUIVOGNE Group Company Details
4.21.2 QUIVOGNE Group Business Overview
4.21.3 QUIVOGNE Group Agricultural Production Equipment Introduction
4.21.4 QUIVOGNE Group Revenue in Agricultural Production Equipment Business (2020-2025)
4.21.5 QUIVOGNE Group Recent Development
4.22 Rostselmash
4.22.1 Rostselmash Company Details
4.22.2 Rostselmash Business Overview
4.22.3 Rostselmash Agricultural Production Equipment Introduction
4.22.4 Rostselmash Revenue in Agricultural Production Equipment Business (2020-2025)
4.22.5 Rostselmash Recent Development
4.23 SDF
4.23.1 SDF Company Details
4.23.2 SDF Business Overview
4.23.3 SDF Agricultural Production Equipment Introduction
4.23.4 SDF Revenue in Agricultural Production Equipment Business (2020-2025)
4.23.5 SDF Recent Development
4.24 Shandong Shifeng
4.24.1 Shandong Shifeng Company Details
4.24.2 Shandong Shifeng Business Overview
4.24.3 Shandong Shifeng Agricultural Production Equipment Introduction
4.24.4 Shandong Shifeng Revenue in Agricultural Production Equipment Business (2020-2025)
4.24.5 Shandong Shifeng Recent Development
4.25 Tractors and Farm Equipment (TAFE)
4.25.1 Tractors and Farm Equipment (TAFE) Company Details
4.25.2 Tractors and Farm Equipment (TAFE) Business Overview
4.25.3 Tractors and Farm Equipment (TAFE) Agricultural Production Equipment Introduction
4.25.4 Tractors and Farm Equipment (TAFE) Revenue in Agricultural Production Equipment Business (2020-2025)
4.25.5 Tractors and Farm Equipment (TAFE) Recent Development
4.26 Wuzheng
4.26.1 Wuzheng Company Details
4.26.2 Wuzheng Business Overview
4.26.3 Wuzheng Agricultural Production Equipment Introduction
4.26.4 Wuzheng Revenue in Agricultural Production Equipment Business (2020-2025)
4.26.5 Wuzheng Recent Development
4.27 Yanmar
4.27.1 Yanmar Company Details
4.27.2 Yanmar Business Overview
4.27.3 Yanmar Agricultural Production Equipment Introduction
4.27.4 Yanmar Revenue in Agricultural Production Equipment Business (2020-2025)
4.27.5 Yanmar Recent Development
4.28 YTO Group
4.28.1 YTO Group Company Details
4.28.2 YTO Group Business Overview
4.28.3 YTO Group Agricultural Production Equipment Introduction
4.28.4 YTO Group Revenue in Agricultural Production Equipment Business (2020-2025)
4.28.5 YTO Group Recent Development
4.29 Zoomlion
4.29.1 Zoomlion Company Details
4.29.2 Zoomlion Business Overview
4.29.3 Zoomlion Agricultural Production Equipment Introduction
4.29.4 Zoomlion Revenue in Agricultural Production Equipment Business (2020-2025)
4.29.5 Zoomlion Recent Development
5 Analysis by Region
5.1 Global Agricultural Production Equipment Market Size by Region
5.1.1 Global Agricultural Production Equipment Revenue by Region: 2020 VS 2024 VS 2031
5.1.2 Global Agricultural Production Equipment Revenue by Region (2020-2025)
5.1.3 Global Agricultural Production Equipment Revenue by Region (2026-2031)
5.1.4 Global Agricultural Production Equipment Revenue Market Share by Region (2020-2031)
5.2 North America Agricultural Production Equipment Revenue (2020-2031)
5.3 Europe Agricultural Production Equipment Revenue (2020-2031)
5.4 Asia-Pacific Agricultural Production Equipment Revenue (2020-2031)
5.5 South America Agricultural Production Equipment Revenue (2020-2031)
5.6 Middle East & Africa Agricultural Production Equipment Revenue (2020-2031)
6 Market Scenario by Region & Country
6.1 Global Agricultural Production Equipment Revenue by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global Agricultural Production Equipment Revenue by Region & Country (2020-2031)
6.3 North America Agricultural Production Equipment Market Facts & Figures by Country
6.3.1 North America Agricultural Production Equipment Revenue by Country: 2020 VS 2024 VS 2031
6.3.2 North America Agricultural Production Equipment Revenue by Country (2020-2031)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe Agricultural Production Equipment Market Facts & Figures by Country
6.4.1 Europe Agricultural Production Equipment Revenue by Country: 2020 VS 2024 VS 2031
6.4.2 Europe Agricultural Production Equipment Revenue by Country (2020-2031)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific Agricultural Production Equipment Market Facts & Figures by Region
6.5.1 Asia Pacific Agricultural Production Equipment Market Size by Region: 2020 VS 2024 VS 2031
6.5.2 Asia Pacific Agricultural Production Equipment Revenue by Region (2020-2031)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 India
6.5.7 Australia
6.5.8 Taiwan
6.5.9 Indonesia
6.5.10 Thailand
6.5.11 Malaysia
6.5.12 Philippines
6.6 South America Agricultural Production Equipment Market Facts & Figures by Country
6.6.1 South America Agricultural Production Equipment Market Size by Country: 2020 VS 2024 VS 2031
6.6.2 South America Agricultural Production Equipment Revenue by Country
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Argentina
6.7 Middle East and Africa Agricultural Production Equipment Market Facts & Figures by Country
6.7.1 Middle East and Africa Agricultural Production Equipment Market Size by Country: 2020 VS 2024 VS 2031
6.7.2 Middle East and Africa Agricultural Production Equipment Revenue by Country
6.7.3 Turkey
6.7.4 Saudi Arabia
6.7.5 UAE
7 Segment by Type
7.1 Global Agricultural Production Equipment Revenue by Type (2020-2025)
7.2 Global Agricultural Production Equipment Revenue by Type (2026-2031)
7.3 Global Agricultural Production Equipment Revenue Market Share by Type (2020-2031)
8 Segment by Application
8.1 Global Agricultural Production Equipment Revenue by Application (2020-2025)
8.2 Global Agricultural Production Equipment Revenue by Application (2026-2031)
8.3 Global Agricultural Production Equipment Revenue Market Share by Application (2020-2031)
9 Industry Chain and Sales Channels Analysis
9.1 Agricultural Production Equipment Industry Chain Analysis
9.2 Agricultural Production Equipment Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Agricultural Production Equipment Production Mode & Process
9.4 Agricultural Production Equipment Sales and Marketing
9.4.1 Agricultural Production Equipment Sales Channels
9.4.2 Agricultural Production Equipment Distributors
9.5 Agricultural Production Equipment Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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