Agriculture Equipment Market Size | Growth Insights & Share 2025

Q: What is the agriculture equipment market overall size?

The agriculture equipment market is projected to exceed USD 247.6 billion by 2031.

Q: Which types of equipment are in highest demand?

Tractors, harvesters, irrigation equipment are among the most in-demand categories.

Q: How is smart technology changing agriculture equipment?

Smart technologies like GPS, IoT sensors, and AI are enhancing operational efficiency, reducing resource wastage, and enabling precision farming practices.

Q: What are the main challenges for the agriculture equipment industry?

Key challenges include high upfront investment, fluctuating raw material prices and the need for adequate maintenance infrastructure in rural areas.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4464

Publication Date: Jun 2025

What is the Agriculture Equipment Market Size?

According to 6Wresearch internal database and industry insights, the agriculture equipment market was valued at approximately USD 158.3 billion in 2024 and is projected to exceed USD 247.6 billion by 2031. The market is registering a healthy CAGR of 6.6% during the forecast period.

This growth is primarily driven by the rising mechanization of farms, increasing demand for high-efficiency machinery, supportive government schemes, and technological innovations that enable smart and precision farming.

Key Growth Factors of the Agriculture Equipment Market

Increasing agricultural productivity is required to meet the world growing food demand.
Growing use of cutting-edge irrigation, harvesting, and tractor technologies
Low-interest loans and favorable government subsidies for the purchase of modern equipment
Farmers are being encouraged to use mechanized solutions due to growing labor shortages.
Technological developments like autonomous equipment and GPS-enabled machinery
Growth of large-scale commercial agriculture operations and contract farming

Agriculture Equipment Market Trends

The agriculture equipment market trends highlight the increase in demand for autonomous tractors, drone-assisted spraying systems, and AI-powered machinery. Tools for precision farming that maximize yield while lowering input costs are becoming more and more common. In order to optimize return on investment, farmers are demonstrating a strong interest in multipurpose and energy-efficient machinery. Furthermore, expensive machinery is becoming more accessible, particularly for small and medium-sized farmers, thanks to rental and equipment-as-a-service models.

Emerging Developments in the Agriculture Equipment Market

The market is witnessing rapid innovation with the development of electric and hybrid tractors aimed at reducing fuel dependency and carbon emissions. Startups and established players are launching connected equipment with IoT and telematics for real-time monitoring and predictive maintenance. Companies are investing in robotics for autonomous planting, weeding, and harvesting. Moreover, integration of data analytics and farm management software is allowing farmers to make informed decisions and improve farm profitability.