Farm Implements Market

The farm implements market is expected to reach USD 66.21 billion by 2032, from USD 43.27 billion in 2025, with a CAGR of 6.3%. The market is mainly driven by the rise in precision-based farming, increased sales of tractors, and the need to enhance operational efficiency. Continuous innovation by leading OEMs in advanced tillage, planting, spraying, and harvesting implements further supports the global market growth.

Key players in the farm implements market include Deere & Company (US), CNH Industrial N.V. (UK), AGCO Corporation (US), Kubota Corporation (Japan), and Mahindra and Mahindra Ltd. (India). These companies are focusing on launching innovative products to expand their customer base and continually improve their offerings. They are also incorporating advanced technologies, such as the ISOBUS communication systems, sensors, IoT, variable rate technology, and autonomous and semi-autonomous operations, to align with growing trends in precision agriculture, mechanization across small and commercial farms to address labor shortages, and the demand for smart and automated implements.

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Deere & Company is a prominent player in the farm implements market due to its ongoing focus on technological innovation, diversifying its product range, forming strategic partnerships, and expanding operations globally. Substantial investments in precision agriculture, electrification infrastructure, and autonomous systems have bolstered the company’s competitive edge. Deere is increasing its Reman Core Center manufacturing capacity in Missouri and focusing on charging ecosystems and battery portfolios to support next-generation farm equipment. Its extensive R&D presence across the US, Asia, and Europe facilitates continuous product improvements, including AI-enabled precision tools, advanced harvesters, and autonomy components showcased at the 2025 Farm Progress Show.

CNH Industrial is among the leading players in the farm implements market due to its extensive multi-brand portfolio, strong global presence, and investments in advanced propulsion and precision agriculture technologies. With product ranges from 30 to 620 HP under brands such as New Holland Agriculture, Case IH, STEYR, Kongskilde, and Miller, the company supports diverse farm implement applications across tillage, planting, spraying, and harvesting. Its sustained R&D investment of USD 924 million in 2024 has sped up the development of alternative propulsion platforms, including methane-powered and hybrid tractor concepts that improve implement compatibility and meet changing emission standards. Additionally, the acquisition of Hemisphere GNSS has enhanced its automation and guidance capabilities, while recent investments in the New Holland Harvesting Center of Excellence in Belgium demonstrate a focus on high-capacity harvesting and farm implement development. Recent product and technology launches, such as upgraded Case IH axial-flow headers, improved New Holland baling and crop-processing tools, and advanced spraying systems showcased at the 2025 Farm Progress Show, further solidify CNH’s leadership in implement innovation.

AGCO Corporation is a key player in the farm implements market, supported by its extensive global distribution network of more than 37,000 independent dealers and distributors across 140 countries, along with a broad multi-brand portfolio that includes Fendt, Massey Ferguson, and Valtra. The company offers a wide range of tractor and implement solutions and continues to expand its capabilities through product redesigns, including the upgraded Fendt implement-ready platforms and globally marketed Fendt electric tractors, which enhance compatibility with modern tillage, planting, and crop-care tools. Its sustained investment in innovation, such as its 2024 strategic investment in the Innova Ag Innovation Fund VI, focuses on advancing automation, digitization, and sustainable farming technologies that directly improve implementation performance. Recent developments, such as Precision Planting’s next-generation seeding and spraying modules showcased at Agritechnica, along with AGCO’s expansion of application-specific tools within the Massey Ferguson and Fendt lines, further strengthen its market position.

Related Reports:

Farm Implements Market by Equipment Type (Cultivators, Tillers, Seeders & Planters, Rotavators, Sprayers, Harvesters, Balers), Operation Type, End-Use (Commercial, Residential, Others), and Region – Global Forecast to 2032

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