Global Agricultural Machinery Market Report, Size, Share, Opportunities, And Trends By Type (Soil Cultivation, Irrigation, Traction and Power, Harvesting, Pest Control, Others), By Application (Tractors, Harvesters, Automatic Sprayer, Shredder, Others), and Geography - Forecasts From 2025 To 2030

Description

Agricultural Machinery Market Size:

The Agricultural Machinery Market is anticipated to climb from USD 191.145 billion in 2025 to USD 246.859 billion by 2030, at a CAGR of 5.25%.

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Agricultural Machinery Market Trends:

The market is expected to surge in the coming years, due to the rise in global food security, the adoption of novel and advanced agricultural machines and equipment for better yield and output, and other related factors. With the shrinkage and the reduction in the area of arable land, worldwide, it has become imperative for agricultural players and farmers to minimize waste and use better and more advanced equipment and machines for harvesting, cultivation, and other activities.

The growth in global and urban population, and rise in disposable income are expected to have a positive impact on the market in the coming years. According to the data given by the World Bank, globally, around 55% of the population resides in urban areas in the year 2019. By the year 2045, the global urban population is expected to increase and surge by around 1.5 times to approximately 6 billion people. This development is expected to increase the demand for global food security, which is expected to be one of the major drivers for the market during the forecast period. Moreover, major companies have been investing a significant sum of capital to develop novel and advanced agricultural machinery for the market. These developments are expected to have a positive impact on the market during the forecast period.

Agricultural Machinery Market Driver:

• Focus on Food Security

Increasing focus on food security is expected to be one of the major drivers of the market. Factors such as the rise in population, climate change, rise and surge in disposable income, and growth in water scarcity, globally, are pressurizing governments and institutions worldwide to combat food insecurity challenges. According to a new global report on the food crisis by the United Nations, approximately 108 million people in the world were suffering from food insecurity in the year 2016.

The rising population is also leading to expanding urbanization, which, in turn, is leading to a decline in the available arable land area in the world. Given the limited scope for expanding agricultural land and the available water resources, the agricultural sector is required to improve productivity with efficient resources and advanced machinery and solutions, to secure crops to meet the mushrooming food demand. According to the United Nations, the global population is expected to grow by 2.3 billion between the years 2009 and 2050, to reach 9.1 billion.

The global demand for cereals, for both animal feed and food, is expected to reach approximately 3 billion tonnes by the year 2050. With the increasing agricultural trade globally, the demand for good and cordial quality food has increased at an exponential rate in the last few years. Food security and protection have become imperative and essential, as countries have been demanding high-quality food and crops for their respective citizens and populations. According to the World Trade Organisation, agricultural product exports saw the biggest surge of 3.1% per year, and rose by 36% in the year 2018, as compared to 2008. There is sufficient evidence that suggests that mechanization has a positive impact on productivity and agricultural profitability and has enhanced the rural landscape. The United Nations Food and Agriculture Organisation had concluded and specified that the major aim of agricultural mechanization is to reduce labour. Moreover, increasing overall productivity by growing the level of cultivated land, updating and enhancing executive operations to get more power, moving towards rapid industrialization, and improving and enhancing the livelihood of rural farmers are some of the major goals and tasks of agricultural mechanization.

Agricultural Machinery Market Competitive Landscape:

Major companies have been investing a significant sum of capital into the innovation and advancement of novel machinery and equipment. It has been proven that with industrial growth, mechanization technology changes and varies, and this ensures the overall social and economic progress of the farmers. In Western countries, such as the United States and Canada, the adoption of novel and advanced machinery has enhanced their agricultural sector. In the Asia Pacific region, there is a huge dependence on manual labour, but with the increasing income and favourable government policies, the agricultural machinery market in the region is expected to surge at an exponential rate during the forecast period. Moreover, the legalization of cannabis in some regions worldwide is also expected to have a positive impact on the market. Advanced and innovative machinery is used in the cultivation of cannabis buds and flowers, which is expected to drive the market. Some of the latest and novel developments in the market are:

Agricultural Machinery Market Segmentation:

• By Type
  • Tractors
  • Harvesters
  • Shredders
  • Sprayers
  • Others
• By Power Source
  • Electric
  • Conventional Fuel
• By Farm Size
  • Small
  • Medium
  • Large
• By Application
  • Irrigation
  • Soil Cultivation
  • Harvesting
  • Pest Control
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL AGRICULTURE MACHINES MARKET BY TYPE

5.1. Introduction

5.2. Tractors

5.3. Harvesters

5.4. Shredders

5.5. Sprayers

5.6. Others

6. GLOBAL AGRICULTURE MACHINES MARKET BY POWER SOURCE

6.1. Introduction

6.2. Electric

6.3. Conventional Fuel

7. GLOBAL AGRICULTURE MACHINES MARKET BY FARM SIZE

7.1. Introduction

7.2. Small

7.3. Medium

7.4. Large

8. GLOBAL AGRICULTURE MACHINES MARKET BY APPLICATION

8.1. Introduction

8.2. Irrigation

8.3. Soil Cultivation

8.4. Harvesting

8.5. Pest Control

8.6. Others

9. GLOBAL AGRICULTURE MACHINES MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. By Type

9.2.2. By Power Source

9.2.3. By Farm Size

9.2.4. By Application

9.2.5. By Country

9.2.5.1. USA

9.2.5.2. Canada

9.2.5.3. Mexico

9.3. South America

9.3.1. By Type

9.3.2. By Power Source

9.3.3. By Farm Size

9.3.4. By Application

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.2. Argentina

9.3.5.3. Others

9.4. Europe

9.4.1. By Type

9.4.2. By Power Source

9.4.3. By Farm Size

9.4.4. By Application

9.4.5. By Country

9.4.5.1. Germany

9.4.5.2. France

9.4.5.3. United Kingdom

9.4.5.4. Italy

9.4.5.5. Spain

9.4.5.6. Others

9.5. Middle East and Africa

9.5.1. By Type

9.5.2. By Power Source

9.5.3. By Farm Size

9.5.4. By Application

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.2. UAE

9.5.5.3. Israel

9.5.5.4. Others

9.6. Asia Pacific

9.6.1. By Type

9.6.2. By Power Source

9.6.3. By Farm Size

9.6.4. By Application

9.6.5. By Country

9.6.5.1. China

9.6.5.2. India

9.6.5.3. Japan

9.6.5.4. South Korea

9.6.5.5. Indonesia

9.6.5.6. Thailand

9.6.5.7. Taiwan

9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. AGCO Corporation

11.2. CLAAS KGaA mbH

11.3. Deere & Company 

11.4. Kubota Corporation

11.5. Mahindra & Mahindra Ltd.

11.6. Kvernland Group

11.7. Amalgamations Group

11.8. CNH Industrial N.V

11.9. SDF Group

11.10. Yanmar Holdings Co., Ltd.

12. APPENDIX

12.1. Currency 

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key benefits for the stakeholders

12.5. Research Methodology 

12.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

AGCO Corporation

CLAAS KGaA mbH

Deere & Company 

Kubota Corporation

Mahindra & Mahindra Ltd.

Kvernland Group

Amalgamations Group

CNH Industrial N.V

SDF Group

Yanmar Holdings Co., Ltd.

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