1. Market Research
  2. > Manufacturing
  3. > Industrial Machinery 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

+852 8199 0067

320 Reports
Tractor Sales, Tractor Production, Agricultural Machinery Sales, Tractor Export
280 Reports
Tractor Production, Tractor Sales, Agricultural Machinery Sales, Irrigation Equipment Sales
130 Reports
Tractor Sales, Tractor Production, Tractor Export, Planting Machinery Sales
120 Statistics
Industrial Equipment Import, Industrial Equipment Export, Tractor Export, Tractor Import
250 Reports
Tractor Production, Tractor Sales, Agricultural Machinery Sales, Irrigation Equipment Sales
220 Statistics
Industrial Equipment Export, Tractor Export, Industrial Equipment Import, Tractor Import
87 Reports
Tractor Sales, Tractor Export, Tractor Production, Tractor Import
50 Reports
Agricultural Machinery Sales, Tractor Sales
46 Reports
Agricultural Machinery Sales, Tractor Sales, Tractor Production, Tractor Export
130 Statistics
Industrial Equipment Export, Industrial Equipment Import, Tractor Export, Tractor Import
32 Reports
Tractor Sales, Agricultural Machinery Sales
120 Statistics
Industrial Equipment Import, Tractor Import, Industrial Equipment Export, Tractor Export
50 Reports
Tractor Sales, Agricultural Machinery Sales, Livestock Equipment Production, Planting Machinery Production
110 Statistics
Industrial Equipment Export, Industrial Equipment Import, Tractor Export, Tractor Import
36 Reports
Agricultural Machinery Sales, Tractor Sales
170 Statistics
Industrial Equipment Import, Industrial Equipment Export, Tractor Export, Tractor Import
Search in Agricultural Machinery Industry (About 1000 reports)
Parent industry: Industrial Machinery
Related industries: Construction Equipment, Mining Machinery

About 1100 reports

Purchase Reports From Reputable Market Research Publishers

2021 Agricultural Robots Market Outlook and Opportunities in the Post COVID recovery- What’s next for companies, demand, Agricultural Robots market size, strategies, and countries to 2028

  • $ 4250
  • July 2021
  • 110 pages

The Agricultural Robots market report analyses companies, market size outlook across types, applications, countries along with competitive strategies, trends, drivers, opportunities and market developments. ...

  • World
  • APAC
  • Agricultural Robot
  • Industry analysis
  • Real Gross Domestic Product

Reportlinker.com © Copyright 2021. All rights reserved.

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