Global Agricultural Equipment Market to Reach USD 186.2 Million by 2035

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The market is estimated to be worth USD 128.2 million in 2025 and is projected to rise at a CAGR of 3.8% to reach USD 186.2 million by 2035.

The agriculture equipment market Between 2025 and 2035, the market is expected to expand due to the rising need for both high-performing and efficient machinery. The need to increase agricultural output, the world’s population growth, and the increased acceptance of new technology are the main factors driving the industry.

The use of precision farming technologies by farmers and agricultural businesses is growing. This resulted in a greater need for high-end machinery such as irrigation systems, planters, harvesters, and tractors. A trend toward more environmentally friendly machinery that satisfies more stringent emissions regulations is also underway, considering how agriculture is evolving with sustainability in mind.

The market is estimated to be worth USD 128.2 million in 2025 and is projected to rise at a compound annual growth rate (CAGR) of 3.8% to reach USD 186.2 million by 2035. Automation and data farm mechanization in agriculture Furthermore, the adoption of contemporary agricultural equipment is being aided by government initiatives in emerging nations, including financial aid, training initiatives, and subsidies.

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The market is further catalyzed by the shortage of human workforce and surging expenses on the maintenance of cattle on job sites in several countries. This has motivated customers to take advantage of modernized equipment in farming applications.

Farmers have commenced installing high-tech agricultural and farming technologies to boost efficiency and productivity in their fields. For example, several farmland operators have begun using equipment outfitted with sensors that catch topography data via maps of resources and attaining soil nutrient measuring variables like the temperature of the acidity and soil. This feature of Industry 4.0 assists farmers in decoding the crop yield and overall farm productivity by farming the right crop appropriate with weather and soil nutrients.

Top Highlights from the FMI’s Analysis of the Agricultural Equipment Market:

The United States agricultural equipment industry is expected to devote 26.3% to the global market in 2025. The growth rate of agricultural equipment businesses is expected to move upward due to the large volume of farming in the country. This propels farmers to seek equipment to expedite the farming process.
German market is always a step ahead in innovation. Research and development efforts and government support for agricultural activities are expected to fuel the country’s growth. In 2025, FMI estimates that the German market is projected to gain 11.2% value share.
Japan is expected to acquire a 7.5% market share in 2025. One of the striking features of Japan’s farmland is its scarcity, which is a by-product of its unique geology and geography. As a result, Japanese farmers require advanced agricultural equipment. Recently, a trend toward automated operation has been pushing the sales of smart farm equipment.
Australia is expected to gain a 2.4% market share in 2025, suggesting manufacturers’ growing interest in exploring the country’s budding market.
In the Asia Pacific region, China is assessed to register a CAGR of 4.2%, while India is expected to expand at a 4.1% CAGR.
FMI speculates that the United Kingdom is anticipated to record a CAGR of 4% over the estimated period.
Under the tempering technology category, the chemical treatment segment is expected to hold 45.2% in 2025.
Based on end use, the solar application segment is projected to gain 18.8% market share in 2025.

Key Developments in the Market

Yanmar America, a leading provider of compact and subcompact tractors, joined forces with Tarter Farm and Ranch Equipment in April 2025. This synergy aims to widen the scope of products by coupling it with an extensive range of high-quality tractor implements.
Earlier in 2025, a Tennessee Dept of Agriculture representative introduced a tax waiver program for farm machinery to boost the accessibility of affordable and mechanized equipment for farmers.
John Deere came into a joint venture with SurePointAg Systems manufacturer in March 2022. The latter company is expected to have access to Deere technologies to boost productivity throughout its product range.
John Deere launched a new machinery, 6155MH Tractor, in August 2021. This product is expected to deliver all the field-proven reliability and performance of other M Series.
New Holland Agriculture partnered strategically with the Agricultural Division of Alamo Group in April 2021. The latter company provides attachments and implements compatible with New Holland’s mid-range and compact tractors lineup.

Key Companies