Global Agricultural Machinery Market Size, Share, Opportunities, And Trends By Application (Soil Cultivation, Irrigation, Traction And Power, Harvesting, Pest Control, Others), By Product (Tractors, Harvesters, Automatic Sprayer. Shredder, Parts And Attachments, Others) And By Geography - Forecasts From 2019 To 2024.

Published: Mar 2020 | Report Code:  KSI061611168 | Pages:  114

Agricultural machinery refers to the machinery used at various stages in farming and other agricultural production activities. Increasing demand for food and supplies to support the rapidly increasing worldwide population is driving the need for agricultural equipment on a global level. Favourable government policies such as the promotion of FDI in the agriculture sector in the developing countries is further adding to the demand for agricultural machinery. Moreover, government subsidy, spread, and adoption of microfinance and low- interest loans facilitate the use of agricultural machinery by providing additional capital to farmers to ensure an increase in productivity by effective utilisation of all factors of production, making the process cost-effective.

Competitive landscape of the agricultural machinery is promoting investment in the agricultural machinery market. By the use of agriculture machinery, processes like manual seeding, irrigation, crop scouting and other activities can be done by the help of agricultural machinery saving time and resources of the farmers. However, an increase in the cost of raw materials, such as rubber, steel, and iron has increased the cost of production for the manufacturers. Furthermore, continuous fluctuations in the prices of raw materials make it difficult for manufacturers to deliver quality goods at reasonable prices, which restrain the growth of agricultural machinery market.  Despite the restraint, the global agricultural machinery market will grow at a substantial rate during the forecast period.

By Geography

Geographically, the global agricultural machinery market is segmented as North America, Europe, South America, Middle East and Africa, and Asia-Pacific. North America and Europe enjoy a favourable market share owing to the implementation of advanced mechanisation systems in the region. Asia-Pacific region has substantial market growth potential owing to the rising population lading to growing need for adoption of agricultural machinery to increase productivity by effective use of land, labour, and capital available to the farmers. Low-interest loans, continuous advancements and investments in the agricultural machinery market will increase the demand for agricultural machines during the forecast period.

Competitive Landscape

The global agricultural machinery market is highly competitive due to ahuge consumer base and presence of well-diversified international, regional, and local players. There is a growing need for adoption of existing technology and further investment on technological upgrades to increase yield per hectare, which is attracting more players in the market. Intense competition in the agricultural machinery market is paving the way for mergers & acquisitions and other strategies to augment their market share. Competitive landscape details products, strategies, and investments being done by key companies to boost their market presence.

Some of the major players discussed in this report are AGCO Corporation, CLAAS Agricultural Machinery Pvt. Ltd., CNH Industrial, Kubota Corporation, and Mahindra & Mahindra Ltd., among others.


The global agricultural machinery market has been segmented by application, product and geography.

By Application:

Soil Cultivation


Traction and Power


Pest Control



By Product:



Automatic Sprayer


Parts and Attachments



By Geography:

North America



South America

Middle East and Africa