Farm Equipment Market Size, Share, Analysis, Report, 2032

Farm Equipment Market by Power (<30, 31-70, 71-130, 131-250, >250HP), Type (Tractors, Balers, Sprayers, Harvesters), Function, Tractor Drive Type, Forestry Machinery, Electric Tractor, Type & Propulsion, Rental, & Region - Global Forecast to 2032

USD 152.79 BN

MARKET SIZE, 2030

CAGR 4.1%

(2025-2030)

460

REPORT PAGES

420

MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The farm equipment market is projected to grow from USD 115.58 Billion in 2025 to USD 152.79 billion by 2032, registering a CAGR of 4.1%. The farm tractor market is expected to see sluggish growth over the next 2–3 years due to a combination of tight farm economics and policy pressures. Persistently high interest rates are discouraging equipment financing, while softening global crop prices are eroding farmers’ cash flow and delaying fleet replacements. In parallel, dealer margins are under strain from elevated inventory costs and discounting pressures, reducing channel appetite for restocking. Additionally, US tariffs on Chinese and imported components are inflating input costs, limiting affordability even as OEMs attempt to localize production.

KEY TAKEAWAYS

BY POWER OUTPUT

The 31–70?HP tractor segment leads the market as it balances affordability with regulatory compliance. Stricter emission standards (US EPA Tier?IV Final, EU Stage?V) make high-HP tractors costly due to complex after-treatment systems, while lower-HP models remain simpler and cost-competitive. Farmers favor 31–70?HP units for adequate field power without the high cost and maintenance of advanced emission technologies.
BY EQUIPMENT TYPE

Cereal combines boost efficiency by reducing labor and crop losses. North America (US-led) and China are key markets for these combines, with manufacturers like Deere, CLAAS, Wuhan Wubota, and Shandong Jianghua integrating AI and precision farming to enhance yields. Rising interest rates have temporarily suppressed North American sales, with recovery expected post-2026.
ELECTRIC TRACTOR MARKET, BY PROPULSION

Electric tractors are gaining traction for crop and livestock operations. Europe leads adoption, driven by the Farm to Fork strategy and strict emissions targets, with 51–100 kWh batteries for small farms and >100 kWh for large farms. Key players include Kubota, Solectrac, CNH Industrial, AGCO, and Monarch. North America follows, supported by state regulations and incentives like California’s CORE program for diesel-to-electric transition.
FARM EQUIPMENT MARKET, BY FUNCTION

Asia Oceania is the fastest-growing market for sowing and planting equipment, driven by high food demand and large farming populations in India and China, with expected growth of ~50% during the forecast period. Key offerings include tractor-mounted seed drills, rice transplanters, power-tiller machines, and specialized planters, with models from Deere (GreenSystem), KUHN (MAXIMA, PLANTER 3), and New Holland (PP400). North America is the second-largest market, supported by vast farmland and the adoption of precision farming technologies, such as WINTERSTEIGER GPS GeoLink and Fendt Xaver robotic sowing, enhancing efficiency and accuracy in large-scale operations.
BY REGION

Asia Pacific is the largest brake friction market, led by China, India, and South Korea. Rising demand for compact SUVs, projected to grow from USD 53.92 billion in 2024 to USD 70.61 billion in 2027, is boosting the adoption of disc brakes. SUVs and premium vehicles require high-performance carbon composite friction products to meet safety and braking efficiency needs for heavier, high-speed vehicles.
COMPETITIVE LANDSCAPE

Key players such as Deere & Company (US), AGCO Corporation (US), CNH Industrial N.V. (Netherlands), Kubota Corporation (Japan), and CLAAS KGaA mbH (Germany) are focusing on innovations in autonomous technologies in farm equipment. Key players in the farm equipment market are investing in new production lines in the Asia Oceania region to cater to the increase in demand and export tractors to Europe and North American markets due to lower manufacturing costs for compact and mid-range tractors.

Farm mechanization is expected to remain soft for the next 2–3 years due to various factors such as low crop prices, high operating costs, tighter profit margins for farmers, and higher interest rates in the US, with a stronger US dollar, which has impacted the farmers' spending on farm equipment and their financing options for equipment purchases. According to the Association of Equipment Manufacturers (AEM) and the European Agricultural Machinery (CEMA), the farm equipment market is experiencing a decline due to several interrelated factors, such as a rise in logistics costs, geopolitical uncertainties, high interest rates, and EU CAP Policy, and Farmers' Protests.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

Changes in demand and trends in the farm equipment market directly impact OEMs and suppliers. Rising emphasis on efficiency, sustainability, and precision agriculture is reshaping equipment requirements. The shift toward autonomous and electric-powered machinery drives demand for advanced sensors, telematics, and low-emission powertrains. Increasing focus on soil health, crop yield optimization, and operator safety influences equipment design, connectivity, and technology integration. These shifts cascade to component suppliers, Tier-I equipment manufacturers, and OEMs, ultimately transforming revenue models across the value chain and unlocking growth opportunities for smart, sustainable, and performance-optimized farm machinery solutions.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers

Impact
Level

Government support with farm loan waivers/ credit finance
OEM/sales incentives to support dealer services and rental operations

RESTRAINTS

Impact
Level

High equipment cost in emerging economies
Growth in rental market

OPPORTUNITIES

Impact
Level

Increasing R&D and adoption of electric tractors
Growing adoption of precision farming

CHALLENGES

Impact
Level

Rapidly changing emission norms and mandates

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Government support with farm loan waivers/ credit finance

Government-backed loan waivers and credit reforms are directly accelerating farm mechanization adoption. The OECD’s 2024 data highlight a 12.6% surge in global agricultural support, reflecting intensified public funding and price interventions that enable equipment purchases. In India, the RBI’s 2025 collateral-free loan expansion (to USD 2,303) reduces financing barriers, boosting tractor and implement sales among smallholders. Such fiscal interventions are shifting latent demand into equipment investments, strengthening medium-term growth for farm machinery manufacturers across emerging markets.

Restraint: High equipment cost in emerging economies

High equipment and lifecycle costs remain a structural barrier to mechanization in emerging markets. Advanced mechatronic systems demand capital-intensive production and frequent upgrades to meet emission norms, inflating prices. Beyond purchase cost, maintenance, parts, and financing gaps deter smallholders from adoption. Conversely, in developed markets, labor shortages justify higher equipment investments, widening the adoption gap. This cost asymmetry continues to restrain global farm equipment penetration, especially in price-sensitive economies.

Opportunity: Increasing R&D and adoption of electric tractors

Rapid advancements in electrification and automation are unlocking new growth avenues in the farm equipment market. Substantial R&D investments such as China’s USD 3.5 billion allocation in 2024 for agricultural machinery subsidies and Deere & Company’s ongoing innovation in autonomous and electric tractors underline a global push toward sustainable mechanization. Emerging models like New Holland’s T4.70e, Case IH EVX 110, and India’s Tiger Electric and X45H2 demonstrate industry momentum toward low-emission, high-efficiency solutions. Although challenges such as battery limitations and insufficient charging infrastructure persist, these developments are set to enhance productivity, reduce operating costs, and create strong opportunities for technology-driven manufacturers and suppliers.

Challenge: Rapidly changing emission norms and mandates

Frequent updates to emission standards worldwide are pressuring farm equipment manufacturers to invest continuously in R&D for compliant engines and exhaust technologies. Regional transitions such as India’s shift from TREM IIIA to TREM IV/V and Europe’s stringent Stage V regulations require market-specific adaptations, increasing engineering complexity, certification costs, and production challenges. OEMs face the ongoing task of balancing regulatory compliance, cost-efficiency, and performance across diverse global markets.

Farm Equipment Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY	USE CASE DESCRIPTION	BENEFITS
	Supply of key farm equipment parts such as engines, transmissions, hydraulics, tires, and precision sensors to OEMs. Integration of advanced components for electric, autonomous, and high-HP tractors.	• Enables OEMs to deliver reliable, high-performance equipment.• Supports adoption of advanced technologies (autonomous, electric, precision farming).• Reduces downtime and maintenance costs for end-users.
	Manufacturing tractors, combines, 4WD and 2WD models, sowing & planting machinery, electric and autonomous farm equipment. Customization for regional emission norms and farm sizes.	• Provides complete mechanized solutions to farmers.• Enhances productivity and operational efficiency.• Complies with regional regulations and sustainability standards
	Distribution, after-sales service, and equipment rental for farmers, enabling access to high-value machinery without large capital expenditure.	• Increases equipment accessibility to small and medium farmers.• Reduces upfront investment and financial risk.• Provides maintenance support and ensures operational uptime.
	Provision of agricultural loans, leasing, subsidies, and incentives for purchasing farm machinery. Support for electrification and modernization programs.	• Improves affordability and adoption of farm equipment.• Facilitates investment in advanced, high-efficiency machinery.• Encourages mechanization and productivity improvements across farms.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The ecosystem mapping highlights various farm equipment market players, including component suppliers, OEMs, dealers & rental services, and financial institutions. The leading players in the farm equipment market are Deere & Company (US), AGCO Corporation (US), CNH Industrial N.V. (Netherlands), Kubota Corporation (Japan), CLAAS KGaA mbH (Germany), among others.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Farm Tractor Market, By Power Output

The 31–70 HP tractor segment is poised to dominate the market, accounting for over 50% of global sales by 2025, driven primarily by small and medium-sized farms in emerging markets, with India leading adoption at over 80% market share in 2024. Regulatory changes, such as India’s TREM Stage IV norms, increased tractor prices due to mandatory CRDI installation, prompting a consumer shift toward 45–50 HP models offering 4WD at lower cost. Government subsidy schemes, including the Macro-Management Scheme, are further stimulating mid-range tractor adoption. In contrast, declining farming activity in Japan has led OEMs, such as ISEKI, to relocate production to Indonesia, targeting higher-growth overseas markets by 2030.

Farm Tractor Market, by Drive Type

The 4WD tractor segment is dominated by Europe, with over 80% market share in 2024, driven by large farmlands and labor shortages that demand high-performance, mechanized equipment. Key OEMs include Deere & Company (9R, 6R, 7R), CNH Industrial (Case IH Magnum, New Holland T9), and AGCO (Massey Ferguson 8700, Fendt 1000 Vario), all investing in R&D and precision agriculture features. Asia Oceania, led by India, is the second-largest market, with 4WD tractors used in contract farming regions. Upcoming TREM V regulations in India (2026) are expected to boost exports of compliant tractors to Europe, supporting international trade growth and future demand.

Farm Equipment Market, by Equipment Type

Cereal combines enhance harvesting efficiency by integrating cutting, threshing, and grain separation, reducing labor and crop losses while enabling large-area coverage. North America, led by the US, dominates exports and market share, with key manufacturers including Deere & Company, CLAAS, and Massey Ferguson. Recent sales declines (2022–2024) were driven by rising interest rates, with recovery expected post-2026. China, producing 52.29 million tons of cereals in 2024, represents the largest demand market in Asia Oceania. Leading manufacturers such as Wuhan Wubota, Shandong Jianghua, and Jiangxi Yongji are integrating AI, sensors, and precision farming features to boost yield and reduce labor dependence, supporting market growth.

Forestry Machinery Market, By Product Type

Skidders are critical for efficient timber transport in large-scale logging, with North America (US and Canada) leading demand due to extensive forestry operations. Top-selling models include Deere 640L–948L series and Komatsu 855.1–X370E. Demand is comparatively lower in Europe, where forwarders and harvesters dominate, and in Oceania, where grapple skidders or adapted machinery are preferred. Robust performance in challenging terrains underpins market growth during the forecast period.

REGION

During the forecast period, Asia Oceania is expected to be the fastest-growing region in the global farm equipment market.

The Asia Oceania region is the fastest-growing region with a CAGR of 5.2% during the forecast period. Factors such as lack of farm labor, increasing farm wages, and government incentives drive the farm equipment market. The major countries holding the highest market share for farm equipment are India, followed by China. India holds the largest market for tractors, whose sales declined by ~5.0% whereas the other equipment’s sales declined by 6–8%. In China, the combined market has the highest market share in terms of revenue, which is more than 70% in the year 2024. The sales for combines and self-propelled sprinkler equipment have observed a decline over the past 2 years and are expected to remain low till 2026. This decline in demand for food products is due to a decrease in commodity pricing, which has lowered the farmers’ spending on new equipment. Hence, it is estimated that by 2027, commodity pricing might increase by 2026-2027, after which the farmers’ spending might increase for all the equipment, and will drive the market.

Farm Equipment Market: COMPANY EVALUATION MATRIX

In the farm equipment market matrix, John Deere (Star) leads with a strong global presence, a comprehensive product portfolio, and advanced precision farming solutions across machinery types. JCB (Emerging Leader) is gaining traction with innovative, connected, and autonomous equipment offerings, showing strong growth potential to move toward the leaders' quadrant.

Farm Equipment Market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC	DETAILS
Market Size Value in 2025	115.58 BN
Market Size Forecast in 2032	152.79 BN
Growth Rate	CAGR of 4.1% from 2025 to 2032
Actual data	2021-2032
Base year	2024
Forecast period	2025-2032
Units considered	Value (USD Million), Volume (Thousand Units)
Report Coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered	• Farm tractor market, By power output - <30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP • Farm tractor market, by drive type – two-wheel drives and four-wheel drives • Farm equipment market rental market, by equipment type – tractors, combines, sprayers, balers, and others • By Function – plowing & cultivation, sowing & planting, harvesting & threshing, and others • By equipment type - cereal combines, non-cereal combines, balers, self-propelled sprayers, tractor-mounted sprayers, and tillers • Farm tractor rental market, by power output - <30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP • Electric tractor market, by propulsion - battery electric, hybrid electric, and hydrogen • Forestry machinery market, by product type - skidders, forwarders, bunchers, swing machines, harvesters, loaders, and other forestry machinery
Regional Scope	Asia Pacific, Europe, North America, Rest of the World

WHAT IS IN IT FOR YOU: Farm Equipment Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST	CUSTOMIZATION DELIVERED	VALUE ADDS
Insights on electric and autonomous tractors adoption across key regions.	• Mapping of battery capacities, HP ranges, and autonomous features. • Regional adoption trends in Europe, North America, and Asia Oceania. • Benchmarking of OEMs: Kubota, Monarch, Deere, CNH Industrial.	• Identification of high-growth markets for electric/autonomous tractors. • Technology roadmap for OEMs to target sustainable mechanization solutions. • Competitive positioning for EV and autonomous tractor portfolios.
Market analysis for precision sowing & planting equipment.	• Regional demand assessment in Asia, Oceania, and North America. • Segmental insights for tractor-mounted, robotic, and semi-automatic planters. • OEM benchmarking: Deere, KUHN, New Holland, WINTERSTEIGER, Fendt.	• Strategic guidance on high-potential segments (robotic and precision planters). • Identification of technology adoption opportunities. • Insights for investment and product development planning.
Analysis of the combine harvesters and skidders market by region.	• Regional demand and revenue assessment for combines and skidders. • OEM benchmarking: Deere, CLAAS, Massey Ferguson, Komatsu, Wuhan Wubota. • Mapping of technological advancements like AI, sensors, and precision farming.	• Identification of high-growth regional markets for combines and skidders. • Insights on technology adoption to improve efficiency and yield. • Competitive positioning for OEMs in mechanized harvesting solutions.

RECENT DEVELOPMENTS

January 2025 : John Deere launched autonomous tractor prototypes for large-scale row crop operations, featuring AI-driven navigation and advanced GPS integration. The tractors aim to reduce labor dependency and improve field efficiency while maintaining high productivity.
February 2025 : AGCO launched upgrades to the Fendt e100 Vario electric tractor, increasing battery capacity and runtime to enable longer field operations. Designed to support sustainable farming with minimal emissions.
August 2024 : AGCO Corporation launched tractors and combines from different sub-brands named “Fendt 600 Vario”, “Massey Ferguson 9S tractors”, and “the Gleaner T Series combines.” The Fendit 600 Vario was available in 140 to 240-horsepower engines. Massey Ferguson 9S tractors were available with 28 to 400-hp power engines. The Gleaner T-Series was made of Dura-Drive Technology and had engine power up to 322 HP in the T61 to 430 HP in the T81 model.
June 2024 : John Deere launched a new technology called “MACHINE SYNC,” which allows walker combine operators to control the attached tractors' speed, direction, and position.

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TITLE

PAGE NO

INTRODUCTION

RESEARCH METHODOLOGY

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

Precision farming and electric tractors drive market growth amidst high costs and evolving emissions.

5.1

INTRODUCTION

5.2

MARKET DYNAMICS

5.2.1

DRIVERS

5.2.1.1

GOVERNMENT SUPPORT THROUGH FARM LOAN WAIVERS/CREDIT FINANCE

5.2.1.2

OEM/SALES INCENTIVES TO SUPPORT DEALER SERVICES AND RENTAL OPERATIONS

5.2.1.3

CONTRACT FARMING

5.2.1.4

INCREASE IN FARM MECHANIZATION

5.2.2

RESTRAINTS

5.2.2.1

GROWTH OF RENTAL MARKET

5.2.2.2

HIGH COST OF EQUIPMENT IN EMERGING ECONOMIES

5.2.3

OPPORTUNITIES

5.2.3.1

GROWING ADOPTION OF PRECISION FARMING

5.2.3.2

INCREASING R&D AND ADOPTION OF ELECTRIC TRACTORS

5.2.4

CHALLENGES

5.2.4.1

RAPIDLY CHANGING EMISSION NORMS AND MANDATES

INDUSTRY TRENDS

Electric tractors revolutionize sustainable agriculture, driving zero emissions and cost savings globally.

6.1

TRADE ANALYSIS

6.1.1

IMPORT SCENARIO (CODE 843280)

6.1.2

EXPORT SCENARIO (HS CODE 843280)

6.1.3

IMPORT SCENARIO (CODE 843290)

6.1.4

EXPORT SCENARIO (HS CODE 843290)

6.1.5

IMPORT SCENARIO (HS CODE 843210)

6.1.6

EXPORT SCENARIO (HS CODE 843210)

6.2

TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS

6.3

CASE STUDY ANALYSIS

6.3.1

SOLECTRAC’S SOLUTIONS FOR MUSHROOM FARMS

6.3.2

ELECTRIC TRACTORS FOR SUSTAINABLE AGRICULTURAL PRACTICES BY AGRIMACS INC.

6.3.3

CALIFORNIA GOVERNMENT FOCUSES ON FARMS TO GO GREEN WITH ZERO EMISSIONS

6.3.4

MONARCH TRACTORS SAVE USD 2,600 PER YEAR FOR WENTE VINEYARDS

6.3.5

PACIFIC NORTHWEST ELECTRIC TRACTOR BARRIERS STUDY

6.3.6

CHALLENGES RELATED TO AUTOMATION AND ELECTRIFICATION OF TRACTORS ADDRESSED BY DR. JIANFENG ZHOU

6.4

MARKET ECOSYSTEM

6.5

MARKET ECOSYSTEM

6.6

INVESTMENT AND FUNDING SCENARIO

6.7

SUPPLY CHAIN ANALYSIS

6.8

PRICING ANALYSIS

6.8.1

BY POWER OUTPUT & REGION

6.8.2

INDICATIVE AVERAGE SELLING PRICE (ASP) ANALYSIS, BY POWER OUTPUT AND REGION

6.9

KEY CONFERENCES AND EVENTS, 2025–2026

6.9.1

FARM EQUIPMENT MARKET: KEY CONFERENCES AND EVENTS, 2025–2026

STRATEGIC DISRUPTIONS THROUGH TECHNOLOGY, PATENT, AND AUTONOMOUS AND AI ADOPTION

Revolutionize farming with AI-driven automation and cutting-edge electrification technologies.

7.1

PATENT ANALYSIS

7.1.1

INTRODUCTION

7.2

TECHNOLOGY ANALYSIS

7.2.1

KEY TECHNOLOGIES

7.2.1.1

FARM EQUIPMENT AUTOMATION

7.2.1.2

AGRICULTURE 5.0

7.2.1.3

ELECTRIFICATION OF TRACTORS

7.2.2

COMPLEMENTARY TECHNOLOGIES

7.2.2.1

FUTURE OF BATTERY TECHNOLOGIES

7.2.2.2

TRENDS IN RENTAL INDUSTRY

7.2.2.3

CNG TRACTORS

7.2.3

ADJACENT TECHNOLOGIES

7.2.3.1

PRECISION FARMING

7.3

OEM FUTURE INVESTMENTS, BY KEY PLAYER

7.4

OEM ANALYSIS

7.4.1

ELECTRIC/HYBRID TRACTOR BATTERY CAPACITY VS. MOTOR OUTPUT

7.4.2

REGIONAL TREND OF DIESEL TRACTORS, BY DRIVE TYPE, 2024

7.4.3

TRACTOR HORSEPOWER, BY KEY OEM

7.5

PRICE RANGES OF TRACTOR MODELS FROM TOP OEMS

7.5.1

MAHINDRA&MAHINDRA LTD.

7.5.2

DEERE & COMPANY

7.5.3

MASSEY FERGUSON (AGCO CORPORATION)

7.5.4

EICHER TRACTOR (TAFE)

7.5.5

SONALIKA (INTERNATIONAL TRACTORS LIMITED (ITL))

7.5.6

KUBOTA CORPORATION

7.5.7

NEW HOLLAND

7.5.8

CASE IH

7.6

OEM-WISE PRODUCTION CAPABILITIES (2024 VS 2032)

7.7

UPCOMING AGRICULTURAL EQUIPMENT CAPACITY EXPANSIONS

7.8

COUNTRY-LEVEL ROLLUPS AND SUPPLY-CHAIN IMPACT VIEW

7.9

UPCOMING TECHNOLOGIES IN THE TRACTOR INDUSTRY

7.10

FINANCING OPTION FOR ELECTRIC TRACTORS, BY OEMS/GOVERNING BODY

REGULATORY LANDSCAPE

Discover global regulatory shifts shaping the future of farm equipment emissions standards.

132

8.1

REGULATORY LANDSCAPE

8.1.1

REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

8.1.2

REGULATORY ANALYSIS FOR FARM EQUIPMENT MARKET

8.1.3

NON-ROAD MOBILE MACHINERY EMISSION (NRMM) REGULATIONS OUTLOOK, 2019–2030

8.1.3.1

NORTH AMERICA

8.1.3.2

EUROPE

8.1.3.3

ASIA OCEANIA

CUSTOMER LANDSCAPE AND BUYER BEHAVIOR

Understand stakeholder influence and cost dynamics in electric vs. diesel tractor purchases.

142

9.1

KEY STAKEHOLDERS AND BUYING CRITERIA

9.1.1

CRITICAL STAKEHOLDERS IN BUYING PROCESS

9.1.2

BUYING CRITERIA

9.2

TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET

9.2.1

TOTAL COST OF OWNERSHIP FOR ELECTRIC AND DIESEL TRACTORS

9.2.1.1

DIESEL TRACTOR

9.2.1.2

ELECTRIC TRACTOR

9.2.1.3

CUMULATIVE

OEM TRACTOR AND COMBINE HARVESTER SALES, BY COUNTRY 2022 - 2024

Market Size & Growth Rate Forecast Analysis to 2024 in Units | 9 Data Tables

151

10.1

EUROPE

10.1.1

10.1.2

GERMANY

10.1.3

ITALY

10.1.4

FRANCE

10.1.5

SPAIN

10.1.6

TURKEY

10.2

ASIA PACIFIC

10.2.1

INDIA

10.3

OEM-WISE COMBINE HARVESTER SALES, BY COUNTRY, 2023–2024

10.3.1

ASIA PACIFIC

10.3.1.1

INDIA

10.3.2

EUROPE

10.3.2.1

SPAIN

FARM TRACTOR MARKET, BY POWER OUTPUT

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 28 Data Tables

155

11.1

INTRODUCTION

11.2

<30 HP

11.2.1

PRESENCE OF SMALL FARMLANDS IN SEVERAL COUNTRIES TO DRIVE MARKET

11.2.2

OPERATIONAL DATA FOR <30 HP TRACTORS BY OEMS

11.3

31–70 HP

11.3.1

GOVERNMENT SUBSIDIES, LOAN WAIVERS, AND POLICIES TO DRIVE MARKET

11.3.2

OPERATIONAL DATA FOR 30–70 HP TRACTORS BY OEMS

11.4

71–130 HP

11.4.1

NEED FOR TRACTORS WITH HIGHER POWER AND EFFICIENCY IN EXTENSIVE FARMLANDS TO DRIVE MARKET

11.4.2

OPERATIONAL DATA FOR 71–130 HP TRACTORS BY OEMS

11.5

131–250 HP

11.5.1

PRESENCE OF LARGE FARMLANDS IN EUROPE TO DRIVE MARKET

11.5.2

OPERATIONAL DATA FOR 131–250 HP TRACTORS BY OEMS

11.6

>250 HP

11.6.1

GROWING ORGANIZED FARMING ACTIVITIES TO DRIVE MARKET

11.7

INDUSTRY INSIGHTS

FARM TRACTOR MARKET, BY DRIVE TYPE

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 17 Data Tables

171

12.1

INTRODUCTION

12.2

TWO-WHEEL DRIVE

12.2.1

SMALLER TURNING CIRCLE, FEWER MECHANICAL PARTS, AND LOWER PRICE TO DRIVE MARKET

12.3

FOUR-WHEEL DRIVE

12.3.1

BETTER TRACTION CONTROL UNDER HARSH CONDITIONS AND QUICKER FARMING TO BOOST MARKET

12.4

INDUSTRY INSIGHTS

FARM IMPLEMENTS MARKET, BY FUNCTION

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 12 Data Tables

180

13.1

INTRODUCTION

13.2

SMART IMPLMENTS

13.3

PLOWING & CULTIVATING

13.3.1

HIGHER YIELDS CATERING TO NEEDS OF GROWING POPULATION TO BOOST MARKET

13.4

SOWING & PLANTING

13.4.1

REDUCTION OF OVERALL COSTS TO PROPEL MARKET

13.5

PLANT PROTECTION AND FERTILIZING

13.5.1

INCREASED CROP PRODUCTION AND ENHANCED FOOD QUALITY TO DRIVE DEMAND

13.6

HARVESTING & THRESHING

13.6.1

MULTIPLE AGRICULTURAL ACTIVITIES IN SINGLE PROCESS TO DRIVE MARKET

13.7

OTHER FUNCTIONS

13.8

INDUSTRY INSIGHTS

ELECTRIC TRACTOR MARKET, BY PROPULSION

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 16 Data Tables

193

14.1

INTRODUCTION

14.2

BATTERY ELECTRIC

14.2.1

REDUCTION OF BATTERY MANUFACTURING COSTS TO DRIVE MARKET

14.3

HYBRID ELECTRIC

14.3.1

HIGHER POWER OUTPUT THAN BATTERY ELECTRIC TRACTORS TO DRIVE MARKET

14.4

HYDROGEN

14.4.1

ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE TO DRIVE MARKET

14.5

PRIMARY INSIGHTS

FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 12 Data Tables

202

15.1

INTRODUCTION

15.2

TRACTORS

15.2.1

INCREASING COLLABORATIONS BETWEEN OEMS AND APPLICATION COMPANIES TO DRIVE MARKET

15.3

COMBINES

15.3.1

DEMAND FOR HIGHER PRODUCTIVITY TO DRIVE MARKET

15.4

SPRAYERS

15.4.1

HIGHER EFFICIENCY IN FARM OPERATIONS TO BOOST DEMAND

15.5

BALERS

15.5.1

INCREASING PREFERENCE FOR ROUND BALERS WITH PRE-CUTTING SYSTEMS TO PROPEL MARKET

15.6

OTHER RENTAL EQUIPMENT TYPES

15.7

INDUSTRY INSIGHTS

FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 12 Data Tables

210

16.1

INTRODUCTION

16.2

<30 HP

16.2.1

DEMAND FOR SMALL-SIZED FARMS TO PROPEL MARKET

16.3

31–70 HP

16.3.1

MODERATE POWER AND EASE OF USE TO FUEL MARKET

16.4

71–130 HP

16.4.1

INCREASING FARM MECHANIZATION RATES TO BOOST DEMAND

16.5

131–250 HP

16.5.1

HIGH DEMAND FOR LARGE-SCALE AGRICULTURE OPERATIONS TO PROPEL MARKET

16.6

>250 HP

16.6.1

INCREASING COMMERCIAL FARMING ACTIVITIES TO DRIVE DEMAND

16.7

INDUSTRY INSIGHTS

FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million and Units | 24 Data Tables

218

17.1

INTRODUCTION

17.2

CEREAL COMBINES

17.2.1

INCREASING FARM MECHANIZATION TO DRIVE DEMAND

17.3

NON-CEREAL COMBINES

17.3.1

IMPROVED SILAGE QUALITY TO DRIVE DEMAND

17.4

BALERS

17.4.1

MINIMIZED WASTAGE AND INCREASED PRODUCTIVITY TO DRIVE DEMAND

17.5

SELF-PROPELLED SPRAYERS

17.5.1

LARGE-SCALE PRODUCTION TO DRIVE MARKET

17.6

TRACTOR-MOUNTED SPRAYERS

17.6.1

BETTER MANEUVRABILITY TO DRIVE DEMAND FOR SMALL AND MEDIUM-SIZED FARMS

17.7

INDUSTRY INSIGHTS

FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 16 Data Tables

230

18.1

INTRODUCTION

18.2

FELLER BUNCHERS

18.2.1

DEMAND FOR FTL PROCESS IN AMERICAS TO BOOST MARKET

18.3

HARVESTERS

18.3.1

INCREASING PRODUCTIVITY AND MINIMIZING MANUAL LABOR TO BOOST MARKET

18.4

FORWARDERS

18.4.1

EXTRACTION OF WOOD UNDER VARIED DRIVING TERRAIN CONDITIONS TO BOOST MARKET

18.5

LOADERS

18.5.1

INCREASE IN COMMERCIAL CONSTRUCTION ACTIVITIES TO FUEL MARKET

18.6

SKIDDERS

18.6.1

TECHNOLOGICAL ADVANCEMENTS TO BOOST MARKET

18.7

SWING MACHINES

18.7.1

MULTIPLE FUNCTIONALITIES TO DRIVE MARKET

18.8

OTHER FORESTRY MACHINES

18.9

INDUSTRY INSIGHTS

FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE

Market Size & Growth Rate Forecast Analysis to 2032 in USD Million | 6 Data Tables

241

19.1

INTRODUCTION

19.2

TWO-WHEEL DRIVE

19.3

FOUR-WHEEL DRIVE

19.4

INDUSTRY INSIGHTS

FARM TRACTOR MARKET, BY REGION

Comprehensive coverage of 4 Regions with country-level deep-dive of 17 Countries | 104 Data Tables.

246

20.1

INTRODUCTION

20.2

ASIA OCEANIA

20.2.1

MACROECONOMIC OUTLOOK FOR NORTH ASIA OCEANIA

20.2.2

AUSTRALIA

20.2.2.1

GOVERNMENT ASSISTANCE TO FARMERS TO DRIVE MARKET

20.2.3

CHINA

20.2.3.1

LARGE TRACTOR MANUFACTURING SECTOR AND SIGNIFICANT DEMAND TO BOOST MARKET

20.2.4

INDIA

20.2.4.1

RISE IN FARM MECHANIZATION TO DRIVE MARKET

20.2.5

JAPAN

20.2.5.1

INCREASING FOCUS ON ENCOURAGING AGRICULTURAL CO-OPERATIVES TO FUEL MARKET

20.2.6

SOUTH KOREA

20.2.6.1

GOVERNMENT FOCUS ON CULTIVATING YOUNG FARMERS TO DRIVE MARKET

20.2.7

REST OF ASIA OCEANIA

20.3

EUROPE

20.3.1

MACROECONOMIC OUTLOOK

20.3.2

FRANCE

20.3.2.1

LABOR SHORTAGE TO PROPEL MARKET

20.3.3

GERMANY

20.3.3.1

INCREASING DEMAND FOR HIGH-POWERED TRACTORS TO DRIVE MARKET

20.3.4

ITALY

20.3.4.1

INCREASING DEMAND FOR PRECISION AGRICULTURE TO FUEL MARKET

20.3.5

POLAND

20.3.5.1

INCREASING FARM SUBSIDIES TO DRIVE DEMAND

20.3.6

RUSSIA

20.3.6.1

SMALL AND MEDIUM-SIZED FARMS TO SUPPORT MARKET GROWTH

20.3.7

SPAIN

20.3.7.1

SHORTAGE OF LABOR AND INCREASING FOCUS ON PRECISION AGRICULTURE TO BOOST MARKET

20.3.8

TURKEY

20.3.8.1

LARGER FARM SIZES AND FAVORABLE GOVERNMENT POLICIES TO FUEL MARKET

20.3.9

20.3.9.1

RISING DEMAND FOR HIGH-POWERED TRACTORS TO DRIVE MARKET

20.3.10

REST OF EUROPE

20.4

NORTH AMERICA

20.4.1

MACROECONOMIC OUTLOOK

20.4.2

CANADA

20.4.2.1

FARM MECHANIZATION AND GOVERNMENT INVESTMENTS IN CROP PRODUCTION TO BOOST MARKET

20.4.3

MEXICO

20.4.3.1

GOVERNMENT SUPPORT AND PRESENCE OF OEMS TO DRIVE MARKET

20.4.4

20.4.4.1

PRESENCE OF KEY PLAYERS TO DRIVE MARKET

20.5

REST OF THE WORLD

20.5.1

MACROECONOMIC OUTLOOK

20.5.2

ARGENTINA

20.5.2.1

INCREASED FOCUS OF KEY PLAYERS IN MANUFACTURING TRACTORS TO PROPEL MARKET

20.5.3

BRAZIL

20.5.3.1

INCREASING EXPORTS OF TRACTORS AND PRESENCE OF AGRI-TECH STARTUPS TO PROPEL MARKET

20.5.4

OTHERS

20.6

INDUSTRY INSIGHTS

COMPETITIVE LANDSCAPE

Discover which strategies propel key players to dominate the farm equipment market landscape.

308

21.1

OVERVIEW

21.2

KEY PLAYER STRATEGIES/RIGHT TO WIN

21.2.1

OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN FARM EQUIPMENT MARKET

21.3

REVENUE ANALYSIS

21.4

MARKET SHARE ANALYSIS, 2023

21.5

FARM EQUIPMENT MARKET OUTLOOK, BY COUNTRY

21.5.1

INDIA

21.5.1.1

INDIAN TRACTOR OEM SHARE ANALYSIS

21.5.2

21.5.2.1

US TRACTOR OEM SHARE ANALYSIS

21.6

COMPANY VALUATION

21.7

FINANCIAL METRICS, 2024

21.8

BRAND/PRODUCT COMPARISON

21.9

COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024

21.9.1

INTRODUCTION

21.9.2

STARS

21.9.3

EMERGING LEADERS

21.9.4

PERVASIVE PLAYERS

21.9.5

PARTICIPANTS

21.9.6

COMPANY FOOTPRINT: KEY PLAYERS, 2024

21.9.6.1

COMPANY FOOTPRINT

21.9.6.2

REGION FOOTPRINT

21.9.6.3

PROPULSION FOOTPRINT

21.9.6.4

DRIVE TYPE FOOTPRINT

21.9.6.5

EQUIPMENT TYPE FOOTPRINT

21.10

COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024

21.10.1

INTRODUCTION

21.10.2

PROGRESSIVE COMPANIES

21.10.3

RESPONSIVE COMPANIES

21.10.4

DYNAMIC COMPANIES

21.10.5

STARTING BLOCKS

21.10.6

COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024

21.10.6.1

DETAILED LIST OF KEY STARTUPS/SMES

21.11

COMPETITIVE SCENARIO

21.11.1

PRODUCT LAUNCHES

21.11.2

DEALS

21.11.3

EXPANSIONS

21.11.4

OTHER DEVELOPMENTS

COMPANY PROFILES

In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)

352

22.1

KEY PLAYERS

22.1.1

DEERE & COMPANY

22.1.1.1

BUSINESS OVERVIEW

22.1.1.2

PRODUCTS/SOLUTIONS/SERVICES OFFERED

22.1.1.3

RECENT DEVELOPMENTS

22.1.1.4

MNM VIEW

22.1.2

CNH INDUSTRIAL N.V.

22.1.3

MAHINDRA&MAHINDRA LTD.

22.1.4

AGCO CORPORATION

22.1.5

KUBOTA CORPORATION

22.1.6

CLAAS KGAA MBH

22.1.7

ISEKI & CO., LTD.

22.1.8

ESCORTS KUBOTA LIMITED

22.1.9

SDF GROUP

22.1.10

YANMAR HOLDINGS CO., LTD.

22.2

OTHER PLAYERS

22.2.1

JCB (JOSEPH CYRIL BAMFORD EXCAVATORS LTD.)

22.2.2

TRACTORS AND FARM EQUIPMENT LIMITED

22.2.3

SONALIKA

22.2.4

TYM CORPORATION

22.2.5

DAEDONG CORPORATION

22.2.6

EXEL INDUSTRIES LTD.

22.2.7

BUCHER INDUSTRIES AG

22.2.8

ZETOR TRACTORS A.S.

22.2.9

ARGO TRACTORS S.P.A.

22.2.10

CONCERN TRACTOR PLANTS

22.2.11

AMAZONEN-WERKE H. DREYER SE & CO. KG

22.2.12

ALAMO GROUP INC.

22.2.13

BUHLER INDUSTRIES INC.

22.2.14

AUTONOMOUS TRACTOR CORPORATION

22.2.15

CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.

22.2.16

CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH)

22.2.17

WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD.

22.2.18

BERNARD KRONE HOLDING SE & CO. KG

22.2.19

VERMEER CORPORATION

22.2.20

PÖTTINGER LANDTECHNIK GMBH

22.2.21

MINSK TRACTOR WORKS

22.2.22

HENAN QIANLI MACHINERY CO., LTD.

22.2.23

MASCHIO GASPARDO S.P.A.

22.3

OTHER PLAYERS FROM FOREST EQUIPMENT MACHINES

22.3.1

KOMATSU LTD.

22.3.2

CATERPILLAR

22.3.3

PONSSE OYJ

22.3.4

TIGERCAT INTERNATIONAL

RECOMMENDATIONS BY MARKETSANDMARKETS

454

23.1

ASIA OCEANIA EXPECTED TO DOMINATE FARM EQUIPMENT MARKET

23.2

KEY FOCUS AREAS OF ELECTRIC FARM TRACTORS

23.3

FOUR-WHEEL DRIVE TRACTORS FOR FUTURE APPLICATIONS – KEY FOCUS AREA

23.4

GROWING DEMAND FOR AUTONOMOUS TRACTORS IN COMING YEARS

23.5

CONCLUSION

APPENDIX

458

24.1

INSIGHTS FROM INDUSTRY EXPERTS

24.2

DISCUSSION GUIDE

24.3

KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

24.4

CUSTOMIZATION OPTIONS

24.4.1

FARM EQUIPMENT MARKET, BY DRIVE TYPE & COUNTRY

24.4.1.1

ASIA OCEANIA

24.4.1.2

EUROPE

24.4.1.3

NORTH AMERICA

24.4.1.4

REST OF THE WORLD

24.4.2

ELECTRIC TRACTOR MARKET, BY POWER OUTPUT & COUNTRY

24.4.2.1

ASIA OCEANIA

24.4.2.2

EUROPE

24.4.2.3

NORTH AMERICA

24.4.2.4

REST OF THE WORLD

24.4.3

AGRICULTURE SPRAYER MARKET, BY TYPE

24.4.3.1

SELF-PROPELLED SPRAYERS

24.4.3.2

TRACTOR-MOUNTED SPRAYERS

24.4.3.3

TRAILED SPRAYERS

24.4.3.4

HANDHELD SPRAYERS

24.5

RELATED REPORTS

24.6

AUTHOR DETAILS

LIST OF TABLES

TABLE 1

INCLUSIONS AND EXCLUSIONS FOR FARM EQUIPMENT MARKET

TABLE 2

CURRENCY EXCHANGE RATES

TABLE 3

RESEARCH ASSUMPTIONS AND RISK ASSESSMENT

TABLE 4

CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING

TABLE 5

SUPPORT FROM REGIONAL GOVERNMENTS

TABLE 6

HARVESTER AND TRACTOR RENTAL RATES IN US, 2024 (USD)

TABLE 7

US: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 8

FRANCE: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 9

GERMANY: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 10

POLAND: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 11

CANADA: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 12

ITALY: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 13

GERMANY: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 14

NETHERLANDS: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 15

CANADA: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 16

US: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 17

GERMANY: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 18

US: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 19

FRANCE: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 20

CANADA: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 21

RUSSIA: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2017–2021 (000’ USD)

TABLE 22

GERMANY: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 23

CHINA: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 24

ITALY: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 25

US: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 26

FRANCE: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 27

FRANCE: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 28

RUSSIA: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2017–2021 (000’ USD)

TABLE 29

POLAND: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 30

GERMANY: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 31

CANADA: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 32

GERMANY: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 33

FRANCE: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 34

NORWAY: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 35

CZECH REPUBLIC: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD)

TABLE 36

US: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD)

TABLE 37

ROLE OF COMPANIES IN FARM EQUIPMENT MARKET ECOSYSTEM

TABLE 38

ASP: <30 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2024 (USD)

TABLE 39

ASP: 31–70 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2024 (USD)

TABLE 40

ASP: 71–130 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2024 (USD)

TABLE 41

ASP: 131–250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2024 (USD)

TABLE 42

ASP: >250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2024 (USD)

TABLE 43

PATENT REGISTRATIONS RELATED TO FARM EQUIPMENT MARKET, 2022–2025

TABLE 44

PRODUCTS LAUNCHED BY CRITICAL PLAYERS FOR AUTONOMOUS AND SEMI-AUTONOMOUS ELECTRIC TRACTORS

TABLE 45

CROP DATA MANAGEMENT SOFTWARE APPLICATIONS

TABLE 46

FUNDING PROVIDED BY USDA AND NSF FOR PRECISION AGRICULTURE RESEARCH AND DEVELOPMENT, 2022 TO 2025

TABLE 47

KEY MODELS FROM MAHINDRA&MAHINDRA LTD. AND THEIR PRICE RANGES

TABLE 48

10 MODELS FROM DEERE & COMPANY AND THEIR PRICE RANGES

TABLE 49

10 MODELS FROM MASSEY FERGUSON (AGCO CORPORATION) AND THEIR PRICE RANGES

TABLE 50

10 MODELS FROM EICHER TRACTOR (TAFE) AND THEIR PRICE RANGES

TABLE 51

10 MODELS FROM SONALIKA (INTERNATIONAL TRACTORS LIMITED (ITL)) AND THEIR PRICE RANGES

TABLE 52

10 MODELS FROM KUBOTA CORPORATION AND THEIR PRICE RANGES

TABLE 53

10 MODELS FROM NEW HOLLAND AND THEIR PRICE RANGES

TABLE 54

10 MODELS FROM CASE IH AND THEIR PRICE RANGES

TABLE 55

OEM-WISE PRODUCTION CAPABILITIES, BY COUNTRY/REGION

TABLE 56

UPCOMING AGRICULTURAL EQUIPMENT CAPACITY EXPANSIONS, BY OEM

TABLE 57

COUNTRY-WISE CAPACITY ADDITIONS AND IMPACT ON SUPPLY CHAIN

TABLE 58

UPCOMING TECHNOLOGIES IN THE TRACTOR INDUSTRY, BY OEM

TABLE 59

FINANCING OPTION PROVIDED FOR ELECTRIC TRACTORS, BY OEM/COUNTRY

TABLE 60

NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 61

EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 62

ASIA OCEANIA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 63

REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

TABLE 64

US: TIER 4 EMISSION STANDARDS

TABLE 65

EUROPEAN UNION: STAGE V VS. VI EMISSION STANDARDS

TABLE 66

CHINA: CHINA IV EMISSION STANDARDS

TABLE 67

INDIA: TREM V EMISSION STANDARDS

TABLE 68

INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR FARM EQUIPMENT MARKET, BY PROPULSION (%)

TABLE 69

KEY BUYING CRITERIA FOR TRACTORS

TABLE 70

TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET

TABLE 71

MODELS SELECTED FOR ANALYSIS

TABLE 72

COST COMPARISON OF DIESEL AND ELECTRIC TRACTORS OVER TCO OF 5 YEARS IN INDIA

TABLE 73

OEM-WISE UNIT TRACTOR SALES IN UK, 2022–2023

TABLE 74

OEM-WISE UNIT TRACTOR SALES IN GERMANY, 2023

TABLE 75

OEM-WISE UNIT TRACTOR SALES IN ITALY, 2023–2024

TABLE 76

OEM-WISE UNIT TRACTOR SALES IN FRANCE, 2023–2024

TABLE 77

OEM-WISE UNIT TRACTOR SALES IN SPAIN, 2023–2024

TABLE 78

OEM-WISE UNIT TRACTOR SALES IN TURKEY, 2023

TABLE 79

OEM-WISE UNIT TRACTOR SALES IN INDIA, 2023–2024

TABLE 80

OEM-WISE UNIT COMBINE HARVESTER SALES AND THEIR MARKET SHARES IN INDIA, 2023–2024

TABLE 81

OEM-WISE UNIT COMBINE HARVESTER SALES IN SPAIN, 2023–2024

TABLE 82

FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 83

FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 84

FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 85

FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 86

TRACTORS WITH <30 HP ENGINES BY OEMS

TABLE 87

<30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 88

<30 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 89

<30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 90

<30 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 91

TRACTOR WITH 31–70 HP ENGINES BY OEMS

TABLE 92

31–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 93

31–70 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 94

31–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 95

31–70 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 96

TRACTOR WITH 71–130 HP ENGINES BY OEMS

TABLE 97

71–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 98

71–130 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 99

71–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 100

71–130 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 101

TRACTOR WITH 131–250 HP ENGINES BY OEMS

TABLE 102

131–250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 103

131–250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 104

131–250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 105

131–250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 106

>250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 107

>250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 108

>250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 109

>250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 110

KEY DIFFERENCES BETWEEN 2WD AND 4WD TRACTORS

TABLE 111

FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2024 (‘000 UNITS)

TABLE 112

FARM TRACTOR MARKET, BY DRIVE TYPE, 2025–2032 (‘000 UNITS)

TABLE 113

FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2024 (USD MILLION)

TABLE 114

FARM TRACTOR MARKET, BY DRIVE TYPE, 2025–2032 (USD MILLION)

TABLE 115

POPULAR BRAND 2WD TRACTORS

TABLE 116

2WD TRACTORS: OEM AND MODELS

TABLE 117

TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 118

TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 119

TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 120

TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 121

POPULAR 4WD TRACTORS

TABLE 122

4WD TRACTORS: OEM AND MODELS

TABLE 123

FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 124

FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 125

FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 126

FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 127

FARM IMPLEMENTS MARKET, BY FUNCTION, 2021–2024 (USD MILLION)

TABLE 128

FARM IMPLEMENTS MARKET, BY FUNCTION, 2025–2032 (USD MILLION)

TABLE 129

PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 130

PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 131

SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 132

SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 133

PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 134

PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 135

HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 136

HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 137

OTHER FUNCTIONS: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 138

OTHER FUNCTIONS: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 139

ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (UNIT)

TABLE 140

ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (UNIT)

TABLE 141

ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (USD MILLION)

TABLE 142

ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (USD MILLION)

TABLE 143

BATTERY ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND BATTERY CAPACITIES

TABLE 144

BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNIT)

TABLE 145

BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)

TABLE 146

BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 147

BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 148

HYBRID ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND ENGINE CAPACITIES

TABLE 149

HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNIT)

TABLE 150

HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)

TABLE 151

HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 152

HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 153

HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT)

TABLE 154

HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 155

FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)

TABLE 156

FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)

TABLE 157

TRACTORS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 158

TRACTORS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 159

COMBINES RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 160

COMBINES RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 161

SPRAYERS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 162

SPRAYERS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 163

BALERS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 164

BALERS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 165

OTHER RENTAL EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 166

OTHER RENTAL EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 167

FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 168

FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 169

<30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 170

<30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 171

31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 172

31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 173

71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 174

71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 175

131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 176

131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 177

>250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 178

>250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 179

FARM EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (‘000 UNITS)

TABLE 180

FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (‘000 UNITS)

TABLE 181

FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)

TABLE 182

FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)

TABLE 183

CEREAL COMBINES MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 184

CEREAL COMBINES MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 185

CEREAL COMBINES MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 186

CEREAL COMBINES MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 187

NON-CEREAL COMBINES MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 188

NON-CEREAL COMBINES MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 189

NON-CEREAL COMBINES MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 190

NON-CEREAL COMBINES MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 191

BALERS MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 192

BALERS MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 193

BALERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 194

BALERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 195

SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 196

SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 197

SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 198

SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 199

TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 200

TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 201

TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 202

TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 203

FORESTRY EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION)

TABLE 204

FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION)

TABLE 205

FELLER BUNCHERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 206

FELLER BUNCHERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 207

HARVESTERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 208

HARVESTERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 209

FORWARDERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 210

FORWARDERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 211

LOADERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 212

LOADERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 213

SKIDDERS MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 214

SKIDDERS MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 215

SWING MACHINES MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 216

SWING MACHINES MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 217

OTHER FORESTRY MACHINES MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 218

OTHER FORESTRY MACHINES MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 219

FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 2021–2024 (USD MILLION)

TABLE 220

FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 2025–2032 (USD MILLION)

TABLE 221

TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 222

TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 223

FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 224

FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 225

FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS)

TABLE 226

FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS)

TABLE 227

FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION)

TABLE 228

FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION)

TABLE 229

ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (‘000 UNITS)

TABLE 230

ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (‘000 UNITS)

TABLE 231

ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)

TABLE 232

ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)

TABLE 233

AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 234

AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 235

AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 236

AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 237

CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 238

CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 239

CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 240

CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 241

INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 242

INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 243

INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 244

INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 245

JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 246

JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 247

JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 248

JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 249

SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 250

SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 251

SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 252

SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 253

REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 254

REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 255

REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 256

REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 257

EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (‘000 UNITS)

TABLE 258

EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (‘000 UNITS)

TABLE 259

EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)

TABLE 260

EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)

TABLE 261

FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 262

FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 263

FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 264

FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 265

GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 266

GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 267

GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 268

GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 269

ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 270

ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 271

ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 272

ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 273

POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 274

POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 275

POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 276

POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 277

RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 278

RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 279

RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 280

RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 281

SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 282

SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 283

SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 284

SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 285

TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 286

TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 287

TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 288

TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 289

UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 290

UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 291

UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 292

UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 293

REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 294

REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 295

REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 296

REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 297

NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (‘000 UNITS)

TABLE 298

NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (‘000 UNITS)

TABLE 299

NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)

TABLE 300

NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)

TABLE 301

CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 302

CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 303

CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 304

CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 305

MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 306

MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 307

MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 308

MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 309

US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 310

US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 311

US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 312

US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 313

REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (‘000 UNITS)

TABLE 314

REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (‘000 UNITS)

TABLE 315

REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION)

TABLE 316

REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION)

TABLE 317

ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 318

ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 319

ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 320

ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 321

BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 322

BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 323

BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 324

BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 325

OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS)

TABLE 326

OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS)

TABLE 327

OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION)

TABLE 328

OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION)

TABLE 329

OVERVIEW OF STRATEGIES DEPLOYED BY KEY COMPANIES

TABLE 330

MARKET SHARE ANALYSIS, 2024

TABLE 331

FARM EQUIPMENT MARKET: REGION FOOTPRINT, 2024

TABLE 332

MARKET: PROPULSION FOOTPRINT, 2024

TABLE 333

MARKET: DRIVE TYPE FOOTPRINT, 2024

TABLE 334

MARKET: EQUIPMENT TYPE FOOTPRINT, 2024

TABLE 335

MARKET: DETAILED LIST OF KEY STARTUPS/SMES

TABLE 336

MARKET: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 337

MARKET: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 338

MARKET: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 339

MARKET: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 340

DEERE & COMPANY: COMPANY OVERVIEW

TABLE 341

DEERE & COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 342

DEERE & COMPANY: PRODUCT LAUNCHES, JANUARY 2021 – FEBRUARY 2025

TABLE 343

DEERE & COMPANY: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 344

DEERE & COMPANY: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 345

DEERE & COMPANY: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 346

CNH INDUSTRIAL N.V.: COMPANY OVERVIEW

TABLE 347

CNH INDUSTRIAL N.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 348

CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 349

CNH INDUSTRIAL N.V.: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 350

CNH INDUSTRIES N.V.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 351

MAHINDRA&MAHINDRA LTD.: COMPANY OVERVIEW

TABLE 352

MAHINDRA&MAHINDRA LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 353

MAHINDRA&MAHINDRA LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 354

MAHINDRA&MAHINDRA LTD.: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 355

MAHINDRA&MAHINDRA LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 356

MAHINDRA&MAHINDRA LTD.: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 357

AGCO CORPORATION: COMPANY OVERVIEW

TABLE 358

AGCO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 359

AGCO CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 360

AGCO CORPORATION: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 361

AGCO CORPORATION: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 362

AGCO CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 363

KUBOTA CORPORATION: COMPANY OVERVIEW

TABLE 364

KUBOTA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 365

KUBOTA CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 366

KUBOTA CORPORATION: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 367

KUBOTA CORPORATION: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 368

KUBOTA CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 369

CLAAS KGAA MBH: COMPANY OVERVIEW

TABLE 370

CLAAS KGAA MBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 371

CLAAS KGAA MBH: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 372

CLAAS KGAA MBH: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 373

CLAAS KGAA MBH: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 374

CLAAS KGAA MBH: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 375

ISEKI & CO., LTD.: COMPANY OVERVIEW

TABLE 376

ISEKI & CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 377

ISEKI & CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 378

ISEKI & CO., LTD.: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 379

ISEKI & CO., LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 380

ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW

TABLE 381

ESCORTS KUBOTA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 382

ESCORTS KUBOTA LIMITED: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 383

ESCORTS KUBOTA LIMITED: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 384

ESCORTS KUBOTA LIMITED: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 385

SDF GROUP: COMPANY OVERVIEW

TABLE 386

SDF GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 387

SDF GROUP: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 388

SDF GROUP: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 389

SDF GROUP: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 390

SDF GROUP: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 391

YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW

TABLE 392

YANMAR HOLDINGS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED

TABLE 393

YANMAR HOLDINGS CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025

TABLE 394

YANMAR HOLDINGS CO., LTD.: DEALS, JANUARY 2021–FEBRUARY 2025

TABLE 395

YANMAR HOLDINGS CO., LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025

TABLE 396

YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025

TABLE 397

JCB: COMPANY OVERVIEW

TABLE 398

TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW

TABLE 399

SONALIKA: COMPANY OVERVIEW

TABLE 400

TYM CORPORATION: COMPANY OVERVIEW

TABLE 401

DAEDONG CORPORATION: COMPANY OVERVIEW

TABLE 402

EXEL INDUSTRIES LTD.: COMPANY OVERVIEW

TABLE 403

BUCHER INDUSTRIES AG: COMPANY OVERVIEW

TABLE 404

ZETOR TRACTORS A.S.: COMPANY OVERVIEW

TABLE 405

ARGO TRACTORS S.P.A.: COMPANY OVERVIEW

TABLE 406

CONCERN TRACTOR PLANTS: COMPANY OVERVIEW

TABLE 407

AMAZONEN-WERKE H. DREYER SE & CO. KG: COMPANY OVERVIEW

TABLE 408

ALAMO GROUP INC.: COMPANY OVERVIEW

TABLE 409

BUHLER INDUSTRIES INC.: COMPANY OVERVIEW

TABLE 410

AUTONOMOUS TRACTOR CORPORATION: COMPANY OVERVIEW

TABLE 411

CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.: COMPANY OVERVIEW

TABLE 412

CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH): COMPANY OVERVIEW

TABLE 413

WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW

TABLE 414

BERNARD KRONE HOLDING SE & CO. KG: COMPANY OVERVIEW

TABLE 415

VERMEER CORPORATION: COMPANY OVERVIEW

TABLE 416

PÖTTINGER LANDTECHNIK GMBH: COMPANY OVERVIEW

TABLE 417

MINSK TRACTOR WORKS: COMPANY OVERVIEW

TABLE 418

HENAN QIANLI MACHINERY CO., LTD.: COMPANY OVERVIEW

TABLE 419

MASCHIO GASPARDO S.P.A.: COMPANY OVERVIEW

TABLE 420

KOMATSU LTD.: COMPANY OVERVIEW

TABLE 421

CATERPILLAR: COMPANY OVERVIEW

TABLE 422

PONSSE OYJ: COMPANY OVERVIEW

TABLE 423

TIGERCAT INTERNATIONAL: COMPANY OVERVIEW

LIST OF FIGURES

FIGURE 1

RESEARCH DESIGN

FIGURE 2

RESEARCH METHODOLOGY MODEL

FIGURE 3

BREAKDOWN OF INTERVIEWS WITH EXPERTS: BY COMPANY TYPE, DESIGNATION, AND REGION

FIGURE 4

RESEARCH METHODOLOGY: HYPOTHESIS BUILDING

FIGURE 5

FARM TRACTOR MARKET SIZE: BOTTOM-UP APPROACH (POWER OUTPUT AND REGION)

FIGURE 6

MARKET SIZE: TOP-DOWN APPROACH (FARM TRACTOR, BY DRIVE TYPE)

FIGURE 7

DATA TRIANGULATION METHODOLOGY

FIGURE 8

TRACTOR SALES, BY KEY COUNTRY, 2021–2024

FIGURE 9

TRACTORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD

FIGURE 10

GROWING MECHANIZATION IN FARMING AND ELECTRIC TRACTORS TO DRIVE MARKET

FIGURE 11

NON-CEREAL COMBINES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

FIGURE 12

FOUR-WHEEL DRIVE TO BE FASTER GROWING SEGMENT DURING FORECAST PERIOD

FIGURE 13

31-70 HP SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 14

PLOWING & CULTIVATING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 15

BATTERY ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 16

TRACTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD

FIGURE 17

31-70 HP SEGMENT TO LEAD FARM TRACTOR RENTAL MARKET DURING FORECAST PERIOD

FIGURE 18

FORWARDER SEGMENT TO LEAD FORESTRY EQUIPMENT MARKET BETWEEN 2025 AND 2032

FIGURE 19

TWO WHEEL DRIVE SEGMENT TO LEAD FARM TRACTOR RENTAL MARKET BETWEEN 2025 AND 2032

FIGURE 20

AUTONOMOUS TRACTOR SEGMENT TO LEAD AUTONOMOUS MARKET BETWEEN 2025 AND 2032

FIGURE 21

ASIA OCEANIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD

FIGURE 22

DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MARKET

FIGURE 23

US FARMS INVOLVED IN CONTRACTS, 2024

FIGURE 24

MECHANIZATION RATE AND POPULATION ENGAGED IN AGRICULTURE IN SIGNIFICANT GEOGRAPHIES, 2023

FIGURE 25

REVENUE SHIFT FOR MARKET

FIGURE 26

MARKET: ECOSYSTEM ANALYSIS

FIGURE 27

MARKET: ECOSYSTEM MAPPING

FIGURE 28

INVESTMENT AND FUNDING, 2022–2025

FIGURE 29

SUPPLY CHAIN ANALYSIS: MARKET

FIGURE 30

PATENT ANALYSIS, 2016–2025

FIGURE 31

COMPARISON OF SOLID-STATE VS. LITHIUM-ION BATTERIES

FIGURE 32

BATTERY CAPACITY VS. MOTOR OUTPUT

FIGURE 33

REGIONAL TREND OF DIESEL TRACTORS, BY DRIVE TYPE

FIGURE 34

TRACTORS OEM ANALYSIS FOR TOP KEY PLAYERS

FIGURE 35

GLOBAL EMISSION REDUCTION ACROSS KEY COUNTRIES

FIGURE 36

NRMM EMISSION REGULATIONS OUTLOOK, 2019–2030

FIGURE 37

INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MARKET, BY PROPULSION

FIGURE 38

KEY BUYING CRITERIA FOR DIESEL AND ELECTRIC TRACTORS

FIGURE 39

FACTORS INFLUENCING TOTAL COST OF OWNERSHIP

FIGURE 40

TOTAL COST OF OWNERSHIP FOR DIESEL TRACTOR

FIGURE 41

TOTAL COST OF OWNERSHIP FOR ELECTRIC TRACTOR

FIGURE 42

CUMULATIVE RESULT OF TCO CONSIDERING ELECTRIC AND DIESEL TRACTORS

FIGURE 43

FARM TRACTOR MARKET, BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION)

FIGURE 44

FARM TRACTOR MARKET, BY DRIVE TYPE, 2025 VS 2032 (USD MILLION)

FIGURE 45

FARM IMPLEMENTS MARKET, BY FUNCTION, 2025 VS. 2032 (USD MILLION)

FIGURE 46

ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025 VS. 2032 (USD MILLION)

FIGURE 47

AVERAGE GLOBAL PACK AND CELL PRICE, PER KILOWATT-HOUR, 2013–2024

FIGURE 48

FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2025 VS 2032 (USD MILLION)

FIGURE 49

FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION)

FIGURE 50

MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION)

FIGURE 51

FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION)

FIGURE 52

FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 2021–2032 (USD MILLION)

FIGURE 53

FARM TRACTOR MARKET, BY REGION, 2025 VS 2032 (USD MILLION

FIGURE 54

ASIA OCEANIA REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026

FIGURE 55

ASIA OCEANIA GDP PER CAPITA, BY COUNTRY, 2024–2026

FIGURE 56

ASIA OCEANIA INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026

FIGURE 57

ASIA OCEANIA MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024

FIGURE 58

ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT

FIGURE 59

EUROPE REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026

FIGURE 60

EUROPE GDP PER CAPITA, BY COUNTRY, 2024–2026

FIGURE 61

EUROPE INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES, BY COUNTRY, 2024–2026

FIGURE 62

EUROPE MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024

FIGURE 63

EUROPE: FARM TRACTOR MARKET SNAPSHOT

FIGURE 64

NORTH AMERICA REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026

FIGURE 65

NORTH AMERICA GDP PER CAPITA, BY COUNTRY, 2024–2026

FIGURE 66

NORTH AMERICA CONSUMER PRICE INDEX (CPI) INFLATION RATE, BY COUNTRY, 2024–2026

FIGURE 67

NORTH AMERICA MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024

FIGURE 68

NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY, 2025 VS 2032 (USD MILLION)

FIGURE 69

REST OF THE WORLD: REAL GDP ANNUAL PERCENTAGE CHANGE, 2024–2026

FIGURE 70

REST OF THE WORLD: GDP PER CAPITA, 2024–2026

FIGURE 71

REST OF THE WORLD: AVERAGE CONSUMER PRICE INDEX (CPI) INFLATION RATE, 2024–2026

FIGURE 72

REST OF THE WORLD: MANUFACTURING INDUSTRY VALUE (AS PART OF GDP), 2024

FIGURE 73

REST OF THE WORLD FARM TRACTOR MARKET, BY COUNTRY, 2025 VS 2032 (USD MILLION)

FIGURE 74

REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019–2023

FIGURE 75

MARKET SHARE ANALYSIS, 2023

FIGURE 76

INDIAN AGRICULTURE EQUIPMENT MARKET, (‘000 UNITS)

FIGURE 77

INDIAN TRACTOR OEM SHARE ANALYSIS, 2024

FIGURE 78

US AGRICULTURE EQUIPMENT MARKET, (‘000 UNITS)

FIGURE 79

US TRACTOR OEM SHARE ANALYSIS, 2024

FIGURE 80

COMPANY VALUATION, 2024 (USD BILLION)

FIGURE 81

COMPANY FINANCIAL METRICS, 2024 (USD BILLION)

FIGURE 82

BRAND COMPARISON

FIGURE 83

MARKET: KEY PLAYERS, 2024

FIGURE 84

MARKET: COMPANY FOOTPRINT, 2024

FIGURE 85

COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024

FIGURE 86

DEERE & COMPANY: COMPANY SNAPSHOT, 2024

FIGURE 87

CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT, 2023

FIGURE 88

MAHINDRA&MAHINDRA LTD: COMPANY SNAPSHOT

FIGURE 89

AGCO CORPORATION: COMPANY SNAPSHOT, 2023

FIGURE 90

KUBOTA CORPORATION: COMPANY SNAPSHOT, 2023

FIGURE 91

CLAAS KGAA MBH: COMPANY SNAPSHOT, 2024

FIGURE 92

ISEKI & CO., LTD.: COMPANY SNAPSHOT, 2023

FIGURE 93

ESCORTS KUBOTA LIMITED: COMPANY SNAPSHOT, 2024

FIGURE 94

SDF GROUP: COMPANY SNAPSHOT

FIGURE 95

YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT, 2024

Methodology

This research study involved extensive secondary sources, such as company annual reports/presentations, industry association publications, industry magazine articles, directories, technical handbooks, World Economic Outlook, technical articles, and databases, to identify and collect information on the farm equipment market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players (farm equipment component/system providers, farm equipment OEMs, and technology suppliers), and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess market prospects.

Secondary Research

Secondary sources for this research study included farm equipment associations and organizations, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and industry associations. Secondary data was collected and analyzed to determine the overall market size, which was further validated by primary research.

Primary Research

Extensive primary research was conducted after understanding the farm equipment market scenario through secondary research. Several primary interviews were conducted with market experts from demand (OEMs) and supply (farm equipment suppliers and component manufacturers) across major regions, namely, North America, Europe, and Asia Pacific. Approximately 100% primary interviews were conducted from the demand sides. Primary data was collected through questionnaires, emails, and telephonic interviews.

The canvassing of primaries covered various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in the report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from primaries. This and the opinions of in-house subject matter experts led to the conclusions described in the remainder of this report.

Note: Tier of companies are based on the value chain of the farm equipment market; revenues of companies were not considered. Tier I companies are farm equipment .

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the value and volume of the farm equipment market and other dependent submarkets, as mentioned below:

The bottom-up approach was used to estimate and validate the size of the farm tractor market. The market size by power output, in terms of volume, was derived by multiplying the country-level breakup for each power output category (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP) with regional-level farm equipment sales.
The country-level market, by power output by volume, was multiplied by the country-level average selling price (ASP) for each application to get the market for each application by value.
The summation of the regional-level market would give the global market by power output category (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP). The total value of each region was then summed up to derive the total value of the market by power output.
All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.

The market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Farm Equipment Market : Top-Down and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size, the market was split into several segments and subsegments using the market size estimation processes explained above. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Farm equipment is machines used on farmlands to perform various agricultural activities. These machines help enhance efficiency and productivity. Tractors, combines, sprayers, balers, and implements are the key farm equipment categories used in several farming activities, such as plowing, planting and seeding, harvesting, crop care, and threshing.

Stakeholders

Farm Equipment Manufacturers
Farm Equipment and Component Manufacturing Associations
Farm Equipment Component Suppliers
Farm Equipment Dealers and Distributors
Government and Regulatory Authorities
Research Professionals
Farm Equipment Importers, Retailers, and Dealers
Tier 1 System Suppliers

Report Objectives

To segment and forecast the size of the farm equipment market in terms of volume (units) and value (USD million) from 2021 to 2032
To define, describe, and forecast the farm tractor market by value and volume based on
- Power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP) at country and regional levels
- Drive type (two-wheel drive and four-wheel drive) at the regional level
- Region [Asia Oceania, Europe, North America, and the Rest of the World (RoW)], along with key countries in each of these regions
To define, describe, and forecast the farm equipment market by value based on equipment type (cereal combines, non-cereal combines, balers, self-propelled sprayers, and tractor-mounted sprayers)
To define, describe, and forecast the farm implements market by value, based on function (plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and others) at the regional level
To define, describe, and forecast the farm equipment rental market by value based on equipment type (tractors, combines, sprayers, balers, and others) at the regional level
To define, describe, and forecast the farm tractor rental market by value based on
- Power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP) at the regional level
To define, describe, and forecast the electric tractor market, by value and volume, based on propulsion (battery electric, hybrid electric, hydrogen) at the regional level
To define, describe, and forecast the forestry equipment market by value based on equipment type (Feller Buncher, Harvester, Forwarder, Skidder, Swing Machines, Knuckleboom Loader, Others)
To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the farm equipment market
To strategically analyze markets concerning individual growth trends, prospects, and contributions to the total market
To analyze the opportunities for stakeholders and details of the competitive landscape for market leaders
To analyze the market share of the key players in the farm equipment market
To strategically analyze the market with supply chain analysis, market ecosystem, trade analysis, case studies, ASP analysis, conferences and events, OEM analysis, OEM wise sales data for key countries, OEM wise sales data for combine harvester in key countries, patent analysis, Tractor models from top OEMs with price range, farm equipment market outlook by country, OEM strategy for future investment by the key players, total cost of ownership for electric and diesel tractor, total cost of ownership, investment and funding scenario, trends/disruptions impacting buyers, technology trends, and regulatory analysis
To track and analyze competitive developments such as deals (joint ventures, mergers & acquisitions, partnerships, collaborations), new product developments, and other activities carried out by key industry participants.
To study the following concerning the market:
- Supply Chain Analysis
- Ecosystem Analysis
- Technology Analysis
- Trade Analysis
- Case Study Analysis
- Patent Analysis
- Regulatory Landscape
- Conferences and Events
- Average Selling Price Analysis
- Buying Criteria
To analyze opportunities for stakeholders and the competitive landscape for market leaders
To track and analyze competitive developments such as product developments, deals, and others undertaken by the key industry participants

Available Customizations

With the given market data, MarketsandMarkets offers customizations based on the company’s needs.

Farm Equipment Market, by Drive Type, at Country level (for countries covered in the scope of the report)
Agriculture Sprayer Market, by Type (for countries covered in the scope of the report)
Profiling of additional market players (up to 5)

Key Questions Addressed by the Report

What is the current size of the global Farm Equipment market?

The Farm Equipment market is projected to grow from USD 39.95 Billion in 2025 to USD 52.84 Billion by 2032, at a CAGR of 4.1%, with Asia Oceania dominating the market.

Which factors are currently dragging the farm equipment market?

The rise in crop prices, increase in interest rates, change in climatic conditions, lower import of tractors, and aging farmer life have lowered the farm equipment market in the past 1-2 years, and the same trend is expected to continue for a few years.

Many companies operate in the global farm equipment market. Do you know who the front leaders are and what strategies they have adopted?

Many key players are investing in India to develop new manufacturing plants due to the gradually increasing demand at the global level, where the manufacturing cost is low.

How does the demand for Farm Equipment vary by region?

Asia Oceania is estimated to be the largest market for Farm Equipment during the forecast period. The growth of the Farm Equipment market in Asia Oceania is mainly attributed to the higher demand for Farm Equipment from India and China due to higher population and increasing farm mechanization.

What are the growth opportunities for the Farm Equipment supplier?

The demand for Four-wheel drive and electric tractors would create growth opportunities for the Farm Equipment market.

Farooq

Jul, 2022

MarketsandMarkets report in Farm Equipment was updated in Jan 2022, and it covers the market trends and growth factors with respect to Farm Equipment Market. It also covered the Market estimations of Farm Equipment�s in terms of Value (USD Million)and Volume (�000 Units) by Tractor Power Output/ Tractor Drive Type/ Autonomous Tractor/ Electric Tractor/ Farm Equipment/ Implement/ Rental at regional and country level for the period 2016-2027. The report also covers the detail competitive landscape with key players Market Share Analysis, Developments of Key Market Players Like There Contracts & Agreements, Investments & Expansions, Joint Venture, Partnerships, And Collaborations and their Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis. Our report is primarily a demand-based coverage that states the Historic, Current and Future revenues at a regional and country level for which we had contacted several primary respondents from supply and demand side of the business to obtain the qualitative and quantitative information. We have forecasted the market size both in terms of Volume (Units) and Value (USD Million) till year 2027, which is broken down by Farm tractor market by Power Output, Farm tractor market by Drive Type, Farm equipment market, by equipment type, Implements market, by function, Farm equipment Rental market, Farm equipment market by region, Farm equipment Rental market by region.Farm Equipment Market report for your kind evaluation. Based on our conversation, I understood your company Quality Tractor Parts Ltd. being the Ireland's leading national and international tractor parts supplier and the importer & distributor for new and replacement parts for agricultural tractors you are currently looking to understand available total addressable market for these equipment�s globally, which is precisely covered in our report with profiles of the top leading Farm Equipment Manufacturer and Component Manufacturers..

Farm Equipment Market by Power (<30, 31-70, 71-130, 131-250, >250HP), Type (Tractors, Balers, Sprayers, Harvesters), Function, Tractor Drive Type, Forestry Machinery, Electric Tractor, Type & Propulsion, Rental, & Region - Global Forecast to 2032

OVERVIEW

KEY TAKEAWAYS

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

MARKET DYNAMICS

Driver: Government support with farm loan waivers/ credit finance

Restraint: High equipment cost in emerging economies

Opportunity: Increasing R&D and adoption of electric tractors

Challenge: Rapidly changing emission norms and mandates

Farm Equipment Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

MARKET ECOSYSTEM

MARKET SEGMENTS

Farm Tractor Market, By Power Output

Farm Tractor Market, by Drive Type

Farm Equipment Market, by Equipment Type

Forestry Machinery Market, By Product Type

REGION

During the forecast period, Asia Oceania is expected to be the fastest-growing region in the global farm equipment market.

Farm Equipment Market: COMPANY EVALUATION MATRIX

KEY MARKET PLAYERS

MARKET SCOPE

WHAT IS IN IT FOR YOU: Farm Equipment Market REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

RECENT DEVELOPMENTS

Table of Contents

Methodology

Secondary Research

Primary Research

Market Size Estimation

Farm Equipment Market : Top-Down and Bottom-Up Approach

Data Triangulation

Market Definition

Stakeholders

Report Objectives

Available Customizations

Key Questions Addressed by the Report

TABLE OF CONTENTS

METHODOLOGY

Adjacent Markets

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Growth opportunities and latent adjacency in Farm Equipment Market

David

Farooq

Daniel

apoorv

Nilesh