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Written by stanley huds » Updated on: November 21st, 2024
IMARC Group’s report titled “Agriculture Equipment Market Report by Equipment Type (Agriculture Tractor, Harvesting Equipment, Irrigation and Crop Processing Equipment, Agriculture Spraying and Handling Equipment, Soil Preparation and Cultivation Equipment, and Others), Application (Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing), Sales Channel (Original Equipment Manufacturers (OEM), Aftermarket), and Region 2025-2033”. offers a comprehensive analysis of the industry, which comprises insights on the global agriculture equipment market share. The global market size reached USD 181.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 259.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.02% during 2025-2033.
Factors Affecting the Growth of the Agriculture Equipment Industry:
New technologies like precision farming, automation, and usage of IoT are improving the applicability of agriculture equipment. Using GPS and GIS in precision farming, analysis of inputs and outputs can be accomplished to improve production and results in efficient farming. T venture of autonomous tractors and drones is revolutionizing M agricultural work to make farming operations seamless and minimizing the usage of workforce. With IoT integration, clients can monitor the performance of devices in real time or analyze data collected to make appropriate decisions or enhance resource utilisation. These are not just technologies that are enhancing productivity but are in the processes helping boost harvest as well as sustainable cultivation hence the need to increase efficiency in agricultural tools.
The demand for bigger and better machinery, which can work on wider areas with better accuracy and less manpower is opening up new opportunities to drive the market higher. Big farms make demands on equipment that has to work as fast and effectively as possible, therefore depending on the improved tractors, harvesters and planting machines etc. There has been a tendency for the farm sizes to increase because farmers want to try to achieve efficiency at a larger scale due to cost cutting and more production. Besides, the increased requirements for the capacities and performance of the agricultural equipment used for mechanized large-scale farming is also driving the market demand, since these tools are indispensable for large-scale operations.
Despite the volatile nature of the current markets, the rising level of environmental consciousness is aiding the market. There are the changes in consumption concerning the farming equipment that will enable progressive farming, reducing emissions, the usage of resources meaning low usage of chemicals. Manufacturers are now counterbalancing by coming up with equipment that would provide improved fuel economy, lowered emissions of greenhouse gasses and being compatible with renewable energy sources. Smart technologies built in the current machinery used in farming ensures farmers apply minimal inputs more efficiently, such as use of fertilizers and pesticides hence reducing the impact on the environment. Such practices brought such innovations to match the requirements of sustainability and set the scale towards greener agricultural field.
Grab a sample PDF of this report: https://www.imarcgroup.com/agriculture-equipment-market/requestsample
Leading Companies Operating in the Global Agriculture Equipment Industry:
Agriculture Equipment Market Report Segmentation:
By Equipment Type:
Agriculture tractor exhibits a clear dominance in the market attributed to its indispensable role in a wide range of farming tasks, such as plowing, tilling, planting, and harvesting.
By Application:
Land development holds the biggest market share, as it is a fundamental agricultural activity that involves soil preparation, ensuring optimal conditions for crop growth, and influencing overall farm productivity.
By Sales Channel:
Original equipment manufacturers (OEM) represent the largest segment owing to the reliable, high-quality, and technologically advanced equipment they offer.
Regional Insights:
Asia Pacific dominates the market due to the increasing adoption of mechanized farming techniques to enhance yield.
Global Agriculture Equipment Market Trends:
The rising adoption of robotics and artificial intelligence (AI) offers solutions that range from autonomous tractors and drones to robotic harvesters, all designed to increase efficiency, precision, and productivity while reducing human labor. These technologies are capable of performing complex tasks, including seeding and harvesting, with remarkable accuracy and consistency.
Furthermore, the rise of agri-tech startups and their collaborations with established industry players are accelerating the pace of technological advancement. The growing emphasis on connectivity and integration of data analytics with agriculture equipment is featuring advanced sensors and IoT capabilities that enable real-time monitoring, predictive maintenance, and data-driven decision-making.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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