Farm Equipment Market Share | Industry Trends & Forecast 2025

Q: What is the expected farm equipment market size by 2031?

Farm equipment market is anticipated to surpass USD 168.7 billion by 2031.

Q: Which segment of farm equipment is experiencing the fastest growth?

Tractors and precision planting equipment are seeing the highest growth due to automation and real-time data integration.

Q: How are digital technologies transforming farm equipment usage?

Advanced technologies like GPS tracking, telematics, and AI are enabling predictive maintenance and yield optimization.

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.

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Code: MTA4931

Publication Date: Jul 2025

What is the Farm equipment market share?

According to 6Wresearch internal database and industry insights, the Global Farm Equipment Market was estimated at USD 110.3 billion in 2024 and is projected to exceed USD 168.7 billion by 2031, growing at a CAGR of 6.3% during the forecast period.

Farm equipment sector accounts for over USD 113 billion globally and is expanding across both developed and developing markets. The demand is being accelerated by mechanization of farming activities, labor shortages, adoption of precision farming, government subsidies for agriculture equipment, and increasing rural credit facilities that empower small and medium farmers to invest in modern machinery.

Growth Factors of the Farm Equipment Market

Growing uptake of autonomous and GPS-enabled tractors in large-scale cultivation.
Positive government policies and subsidies favoring mechanization of farming in developing economies.
Growing consciousness among farmers about efficiency, yield enhancement, and time saving.
Increasing demand for efficient irrigation and crop management practices with climate uncertainty.
Introduction of electric and hybrid farm vehicles to facilitate green agriculture operations.
Growth in rental and leasing models enabling equipment availability to marginal farmers.

Farm Equipment Market Trends

The farm equipment sector is significantly evolving as smart machinery, sensor technology, and IoT-based solutions are entering the market. There is a significant transition toward electric and low-emission equipment to achieve sustainability objectives. Companies are adding product offerings with real-time analysis, remote monitoring, and telematics functions to maximize operational effectiveness and minimize downtime.

Emerging Developments in the Farm Equipment Market

Farm Equipment Market is experiencing faster adoption of robotics and automation, facilitating autonomous harvesters and AI-based weed management systems. Start-ups and technology firms are working alongside OEMs to introduce drone-based crop spraying, soil health monitoring, and automated seeding solutions. Modular machinery flexible in meeting multi-crop requirements and climate-resistant equipment are becoming increasingly popular, especially in Asia and Africa. Attention is turning away from pure product sales to equipment-as-a-service (EaaS) offerings.