1. Market Research
  2. > Manufacturing
  3. > Industrial Machinery
  4. > Agricultural Machinery Market Trends
Farm Equipment Market by Tractor Power Output, Drive & Autonomous, Combines, Baler, Sprayer, implement, Rental & Region - Global Forecast to 2025

Farm Equipment Market by Tractor Power Output, Drive & Autonomous, Combines, Baler, Sprayer, implement, Rental & Region - Global Forecast to 2025

  • September 2020
  • 221 pages
  • ID: 4960851
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

Favorable government policies coupled with growing popularity of farm mechanization is expected to drive farm equipment market globally.
The global farm equipment market is projected to reach USD 113.0 billion by 2025 from an estimated USD 92.2 billion in 2020 at a CAGR of 4.2% during the forecast period. The primary reason for growing farm equipment market is the government efforts to popularize mechanized farming methods. Subsidized loans, credit finance, loan waivers is strongly driving sales of farm equipment. Also, growing popularity of rental services is also expected to attract farmers to adopt modern farming methods.

Four-wheel drive tractor is expected to remain the fastest market in farm tractor rental market
Four-wheel drive is expected to be the fastest growing market in the farm tractor rental market in the forecast period.The growing demand for efficient pulling power is driving the rental demand for four-wheel drive tractors.

The availability of low powered tractors with four-wheel drive is expected to be a major factor for the growing demand of rental services in countries with small farmlands such as Asia Oceania.Europe and North America already have more matured rental market than Asia Oceania and RoW.

Also, expansion of various key domestic and global players in the rental business by launching their rental services is expected to create awareness about renting tractors among farmers.
Although the COVID-19 has disrupted the whole supply chain, the agricultural industry seemed to have been impacted the least amongst all the off-highway equipment industry (Construction & Mining, Agriculture Equipment).This is primarily owing to the steps taken by the government to consider agricultural activities under essential services.

The agricultural industry faced four major challenges amidst COVID-19 - limited supply of farm equipment parts, drop in the first half of new tractor sales, the shutdown of production facilities, and a decline in working capital. Despite the impact of COVID-19 on the farm equipment market, the market is expected to revive by the 2020-year end.

Sowing & Planting is expected to remain the fastest market by implement function
Sowing & Planting is expected to be the fastest growing market in the implement function market.Mechanized sowing & planting have several advantages as compared to manual sowing.

In mechanized sowing, fewer seeds are required, germination is rapid and uniform, and sometimes fertilizers and manures can be applied with title deeds.Thus, the adoption of mechanized farming can reduce the overall costs of farmers, and thereby encourage farmers to invest in sowing & planting implements.

Thu, farmers are shifting toward sowing and planting implements to overcome the losses and achieve maximum production.

Asia Oceania is expected to register the largest growth during the forecast period.
The Asia Oceania is expected to be the largest market for farm equipment market in the coming years.The growing population of the region is driving farmers to adopt mechanized farming methods for increased farm produce in less time.

Efforts by government mainly in the form of loan waivers/monetary aid, training sessions about modern farming methods is fueling farm equipment popularity significantly.Increasing new product launches designed as per the market needs with reasonable prices is also expected to be a driving factor for the market.

Thus, Asia Oceania is expected to hold the largest potential for farm equipment among all other regions.

In-depth interviews were conducted from supply-side (farm equipment manufacturers) and industry associations across major regions, namely, North America, Europe, Asia Oceania, and Rest of the World.
• By Stakeholder: Supply-side- 80% and Industry associations- 20%
• By Designation: C Level - 20%, Directors/Vice Presidents Level - 30%, and Others - 50%
• By Region: Asia Oceania - 50%, Europe - 20%, North America - 20%, RoW- 10%

The farm equipment market is dominated by globally established players such as John Deere (US), CNH Industrial (The Netherlands), AGCO (US), CLAAS (Germany), Mahindra & Mahindra (India), and Kubota (Japan).

Research Coverage:
The farm equipment market is segmented on the farm tractor by power output [<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP], drive type [two-wheel and four-wheel], farm equipment market by type [combines, balers and sprayers], farm implement by function [plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and others], farm equipment rental market [tractor, combines and others], farm tractor rental market by power output[[<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP], farm tractor rental market by drive type [two-wheel and four-wheel], autonomous tractor by power output [<30 HP, 31-100 HP, >100 HP] and farm tractor market by region [Asia Oceania, Europe, North America and RoW] . The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the farm equipment market and the sub-segments.This will also help the key players to identify the highest potential region and design its product portfolio as per the market requirements.

A detailed study on upcoming technologies such as autonomous, electric tractors is expected to help farm equipmebt manufacturers to understand the potential market for them.This report also include various analysis like supply chain, average selling price trends, market ecosystem.

This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Tractors Market - Growth, Trends, and Forecast (2020 - 2025)

  • $ 4250
  • March 2020
  • 118 pages

The tractors market is expected to register a CAGR of 3.83%, during the forecast period, 2020-2025. - The tractor segment, which covered a major share of 39% in the agricultural machinery market in 2018, ...

  • World
  • North America
  • Agricultural Machinery
  • Tractor
  • Industry analysis
  • Tractor Sales
  • Disposable Income


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