1. Market Research
  2. > Agriculture
  3. > Agricultural Input Market Trends
  4. > Agricultural Machinery

Agricultural Machinery: Latest Market Trends and Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
66 votes

Global Agricultural Machinery Industry

The world agricultural machinery industry involves the retail of tractors with less than 50 metric horsepower (which are classed as compact tractors), those above 50 metric horsepower and combines harvesters.

Agricultural input market growth in developing nations will make up for slowing growth in developed countries in the years to come. Machinery market drivers include growing population, which increases food demand, and technological advances in machinery. Market growth depends on factors such as demand, economic climate and weather conditions.

As disposable incomes increase and living standards improve, demand for protein-rich foods fuels the need for agricultural products. Other industries that use agricultural products, including the pharmaceutical and petroleum sectors, also drive agricultural machinery demand.

Agricultural Machinery Key Segments

Farm tractors represent the leading market segment in the agricultural machinery and implements market. Tractors do most of the basic work in agricultural production. Advances in tractor technology and the integration of GPS are two major factors that have made tractors more versatile and suitable for a wider range of farming tasks. Machinery used for plowing and cultivation is expected to show a yearly growth rate in excess of 6.5% until 2017. Irrigation systems are also a major segment of this industry.

Agricultural Machinery Regional Market Share

High range horsepower tractors of 100 horsepower and over are most commonly produced in the US and Canada. However, the EU and certain Latin American regions dominate the global market in medium-range tractor production, that is between 40 and 100 horsepower. In the lower range, below 40 horsepower, Japan is an important market player.

Asia-Pacific dominates the global agricultural machinery market in terms of growth. The region is expected to record close to 8% yearly growth until 2017, far outpacing growth in the established markets of the US and the EU. A major growth driver is farm mechanization in countries such as China and India.

Economic growth and rising disposable income along with the widespread mechanization of the farming industry in developing nations will fuel the agricultural implements and machinery market in the years to come. Mechanization of the agricultural industries in Russia, Brazil, and Thailand will also fuel growth. Government spending to boost food production will also facilitate market expansion.

Read more »

You might be interested in these related markets:

Customer Support

Talk to Sam

+1 646 893 5945

25 Reports
Company Financials, Supply, Demand
26 Statistics
Market Size, Demand, Supply
42 Reports
Supply, Company Financials, Demand
56 Statistics
Market Size, Supply, Demand
6 Reports
Demand, Company Financials, Supply
15 Statistics
Market Size, Demand, Finance
18 Reports
Demand, Supply, Company Financials
55 Statistics
Market Size, Finance, Company Financials
6 Reports
Supply, Demand, Company Financials
100 Statistics
Market Size, Supply, Demand
43 Reports
Demand, Supply, Company Financials
29 Statistics
Market Size, Demand, Supply
4 Reports
Supply, Demand, Company Financials
21 Statistics
Market Size, Supply, Demand
23 Reports
Demand, Supply, Price
23 Statistics
Market Size, Supply, Demand
23 Reports
Company Financials, Demand, Supply
18 Statistics
Market Size, Demand, Finance
3 Reports
Supply, Trade, Demand
2 Statistics
Market Size, Supply, Trade
Search in Agricultural Machinery Industry (About 1100 reports)
Parent industry: Agricultural Input
Related industries: Agrochemical, Animal Feed

About 700 reports

Purchase Reports From Reputable Market Research Publishers

Precision Harvesting Market by Product, Application, Offering And Geography - Global Forecast to 2023

Precision Harvesting Market by Product, Application, Offering And Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • February 2019

Precision harvesting market anticipated to grow at CAGR of 10.94% from 2018 to 2023The precision harvesting market was worth USD 10.4 billion in 2018 and is projected to reach USD 17.5 billion by 2023, ...

Global Harvesting Machinery Industry $ 5450 May 2019

Global Haying Machinery Industry $ 5450 May 2019

Global Planting and Fertilizing Machinery Industry $ 5450 May 2019

Global Agriculture Drones and Robots Market: Focus on D ... $ 5000 April 2019

Global Powered Agriculture Equipment Market: Focus on E ... $ 5000 February 2019

Agriculture Equipment Market: Global Industry Analysis, ... $ 4795 February 2019

GLOBAL MICRO IRRIGATION SYSTEM MARKET FORECAST 2019-202 ... $ 2500 May 2019

Global Micro Irrigation Systems Market 2019-2023 $ 2500 March 2019

Global Agricultural Equipment Finance Market 2019-2023 $ 2500 March 2019


ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on