Farm Equipment Market to Reach $285B by 2034 as Mechanization and Smart Farming Expand

Polaris Market Research has published a brand-new report titled Farm Equipment Market Size, Share, Trends, Industry Analysis Report: By Product (Tractors, Harvesters, Machinery, Planting Equipment, Spraying Equipment, and Others), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)—Market Forecast, 2025–2034 that includes extensive information and analysis of the industry dynamics.

The opportunities and challenges in the report's dynamical trends might be useful for the worldwide farm equipment industry. The study provides an outline of the market's foundation and organizational structure and forecasts an increase in market share. The study offers a comprehensive analysis of the farm equipment market size, present revenue, regular deliverables, share, and profit projections. The study report includes a sizable database on future market forecasting based on an examination of previous data.

The Global Farm Equipment Market was valued at USD 169.94 billion in 2024 and is projected to grow to USD 285.66 billion by 2034, with a CAGR of 5.3%, driven by mechanization and technological adoption in agriculture.

Brief About the Report

The market's supply-side and demand-side Farm Equipment Market trends are evaluated in the study. The study provides important details on applications and statistics, which are compiled in the report to provide a market prediction. Additionally, it offers thorough explanations of SWOT and PESTLE analyses depending on changes in the region and industry. It sheds light on risks, obstacles, and uncertainties, as well as present and future possibilities and challenges in the market.

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Key Aspects Covered in The Report

• Market size and growth rate during the forecast period.
• Key vendors operating in the market with their company profiles
• Opportunities and threats faced by the existing vendors in the market.
• Trending factors influencing the market in the geographical regions.
• In-depth understanding of market drivers, constraints, and major micro markets.
• We meticulously highlight the critical data of each segment.

List of Major Key Players

• AGCO Corporation
• Case IH
• Claas
• CNH Industrial
• Escorts Group
• Deere & Company
• Kubota Corporation
• Mahindra & Mahindra
• New Holland
• Raven Industries
• SDF Group
• TAFE
• Trimble
• Yanmar Holdings

Farm Equipment Market Segmentation Analysis

The study offers a thorough analysis of the numerous market segments, including application type, product component, service types, and several geographic locations. The report's segment analysis section contains thoroughly researched, expert-verified industry data. Strategic recommendations are given in terms of key business segments based on market estimations.

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Leading Players Analysis

The research report's chapter is entirely devoted to the competition environment. The Farm Equipment Market key players are examined, analyzing information on their evaluation and development in addition to a quick review of the company. Understanding the techniques employed by businesses and the steps they have recently taken to combat intense rivalry allows one to examine the competitive landscape. It covers each player's company profiles comprising sales, revenue, share, recent developments, SWOT analysis, capacity, production, revenue, gross margin, growth rate, and strategies employed by the major market players.

Different potentials in the domestic and regional markets are revealed by regional analysis of the sector. Each regional industry associated with this market is carefully examined to determine its potential for growth in the present and the future. Moreover, information on recent mergers and acquisitions that have taken place in the market is the subject of the research. This section provides important financial information about mergers and acquisitions that have recently shaped the Farm Equipment industry.

Regions Covered in This Report Are

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

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The Report Provides You Answer to the Below-Mentioned Question

1. What are the Farm Equipment Market statistics?

Ans: The global Farm Equipment Market was valued at USD 169.94 billion in 2024 and is projected to reach USD 285.66 billion by 2034.

2. What is the growth rate of the Farm Equipment Market?

Ans: The market is expected to register a CAGR of 5.3% during the forecast period.

3. Which region held the largest share of the Farm Equipment Market revenue in 2024?

Ans: North America accounted for the largest share of the global Farm Equipment Market in 2024.

4. Who are the key players in the Farm Equipment Market?

Ans: Key players include AGCO Corporation, Case IH, Claas, CNH Industrial, Escorts Group, John Deere & Company, Kubota Corporation, Mahindra & Mahindra, New Holland, Raven Industries, SDF Group, TAFE, Trimble, and Yanmar Holdings.

5. Which segment, by application, dominated the global Farm Equipment Market in 2024?

Ans: The land development & seed bed preparation segment dominated in 2024, covering critical tasks such as plowing, tilling, and soil preparation for planting.

6. Which segment, by product, is expected to witness significant growth during the forecast period?

Ans: The tractor segment is projected to experience substantial growth, as tractors are essential for various farming activities including plowing, planting, and harvesting.

Report Summary

The analysis focuses on the regional forecast by type and application and the Farm Equipment market sales and revenue prediction. The research report features data about the target market, such as pricing trends, customer requirements, and competitor analysis. The market growth has been examined using analytical approaches like PESTLE analysis, Porter's Five Forces analysis, feasibility studies, player-specific SWOT analyses, and ROI analyses.

Objectives of the Report

• The report aims to conduct a thorough analysis and forecast the market size based on its value and volume.
• To evaluate the market shares of major segments of the market
• To explain the development of the industry in different parts of the world.
• We aim to analyze and study micro-markets, focusing on their contributions to the market, their prospects, and their individual growth trends.
• To offer precise and valuable details about factors affecting the Farm Equipment Market forecasts
• To provide a meticulous assessment of crucial business strategies used by leading companies.

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