Farm Equipment Market - Global Forecast to 2032
商品番号 : SMB-11047
| 出版社 | MarketsandMarkets |
| 出版年月 | 2025年3月 |
| ページ数 | 456 |
| 図表数 | 511 |
| 価格タイプ | シングルユーザライセンス |
| 価格 | USD 4,950 |
| 種別 | 英文調査報告書 |
Report Overview
The farm equipment market is projected to grow from USD 39.95 Billion in 2025 to USD 52.79 Billion by 2032, registering a CAGR of 4.1%.
農機具市場は、2025年の399.5億米ドルから2032年までに527.9億米ドルに成長し、年平均成長率4.1%を記録すると予測されています。
The farm equipment market has declined from 2022 to 2024 and is expected to continue its trend till ~2026–2027. According to a recent report published by the United States Department of Agriculture (USDA), the farm equipment market is primarily driven by a projected 25% drop in net farm income for 2024, falling from USD 155 billion to USD 116 billion, which has made farmers hesitant to invest in new machinery. Additionally, high operational costs and declining commodity prices have pressured farmers’ budgets, leading to a 15-20% decrease in monthly US tractor sales. The used equipment market also suffers as many farmers postpone purchases due to these financial constraints. Similar trends and challenges have been followed in Europe and Asia due to declining commodity prices, high operational costs, and reduced farm incomes. For instance, the European tractor market saw an 11.4% decline in sales in early 2024, while India’s tractor sales also faced a downturn of 8.7%. However, this trend might continue for 2-3 years, and in the future, the global agricultural equipment market is projected to grow significantly.
農機具市場は2022年から2024年にかけて減少しており、2026年から2027年頃までこの傾向が続くと予想されています。米国農務省（USDA）が最近発表したレポートによると、農機具市場の主な推進力は、2024年の純農業所得が1,550億ドルから1,160億ドルに25％減少すると予測されており、これにより農家は新しい機械への投資をためらっています。さらに、運用コストの高騰と商品価格の下落により農家の予算が圧迫され、米国のトラクターの月間販売が15～20％減少しています。多くの農家がこれらの財政的制約のために購入を延期しているため、中古機器市場も打撃を受けています。ヨーロッパとアジアでも、商品価格の下落、運用コストの高騰、農家の所得減少により、同様の傾向と課題が続いています。例えば、ヨーロッパのトラクター市場では2024年初頭に売上が11.4%減少し、インドのトラクター売上も8.7%の落ち込みに直面しました。しかし、この傾向は2～3年続く可能性があり、将来的には世界の農業機器市場は大幅に成長すると予測されています。
“The sowing and planting segment is estimated to be the fastest growing by function”
Asia Oceania region is the fastest growing market for sowing and planting equipment in which India and China has the largest demand for this equipment due to large population in this region. This segment is expected to grow by 50% during the forecast period. In Asia Oceania region, the sowing and planting equipment are usually offered for tractor-mounted seed drills, rice transplanters, power tiller operated till-plant machines, animal-drawn planters, raised bed planters, inclined plate planters, and specialized planters for crops like sugarcane. Also, the due to increase in demand for food globally. The OEM in this region offers semi-automatic and automatic planting machines with all the technological advancements in the agricultural sector. Some popular models offered by the key players in Asia Oceania are Deere & Company (GreenSystem Super Seederm, GreenSystem Seed Cum Fertilizer Drill, GreenSystem Multi-Crop Vacuum Planter), and KUHN (MAXIMA 3, PLANTER 3, COMBILINER INTEGRA), and New Holland (PP400 Pneumatic Planter) etc.
North America is the second largest market for the sowing & planting due to the vast amount of farmland available with farmers, which necessitates large-scale mechanization in agriculture, coupled with a growing trend towards precision farming technologies. Some OEMs offer advanced technology for precision technology. For instance, WINTERSTEIGER (US) offers from North America offer GPS Geo Link and MiniGIS 2 for accurate seed placement and flexible operation and Fendt Xaver Sowing Robots: Introduce robotic precision in sowing, offering smart farming solutions with autonomous capabilities. Hence the increase in demand for precision and mechanization in sowing & planting is driving the market in North America.
“The skidders segment is estimated to be the fastest growing forest machinery market.”
Skidder demand is high in the forest equipment market because they play an essential role in the logging process, efficiently transporting felled trees from the cutting site to a landing area, making them a necessary piece of machinery for any large-scale timber harvesting operation; this high demand is driven by the ongoing need for lumber and the complex terrain of most forests, requiring robust and adaptable skidders to navigate and maximize productivity.
North America holds the highest market share for skidders, particularly in the US and Canada. This demand is driven by the extensive forestry operations in the US and some key models like 640L-II, 648L-II, 748L-II, 768L-II, 848L-II, and 948L-II from Deere & Company and Komatsu 855.1, Komatsu 895, Komatsu XT445L-5, and Komatsu X370E are the highest selling product.
The demand for skidders in Europe and Asia Oceania is low compared to North America. In Asia Oceania, countries like Indonesia, Malaysia, and Australia have active logging operations that use grapple skidders or adapted machinery rather than traditional wheeled skidders. In contrast, in Europe, the demand for skidders is low, as most logging operations are done with the help of forwarders and harvesters due to the region’s well-structured and sustainable forestry practices. Hence, these factors drive the skidders market faster during the forecast period.
“Battery Electric Tractors, by alternative fuel would lead the future of the tractor industry.”
Electric farm tractors are majorly used in a variety of tasks, including crop maintenance, livestock care, vineyards, cattle farming, dairy industry, and data-driven farming. They are also used in power tools and machinery in remote areas. Europe holds the major market for electric tractors as European union have imposed strict emission regulation and sustainability goals till 2030 for electrification. In particular “Farm to Fork” strategy was implemented in 2020 which was a part of green deal in Europe to reduce the greenhouse gas emission from agriculture by 50% till 2030. In Europe 51-100 kWh battery are used in small to medium sized farming, whereas >100 kWh battery is used in large size farming. The major players in Europe for electric tractors are Kubota Corporation, Solectrac, AGCO Corporation, CNH Industrial, and Monarch tractors. Companies like Kubota Corporation also offers lower HP tractor in Europe of 26 HP which are usually used in tasks like mowing and hauling.
North America is the second largest market for electric tractors, due to stringent emission set by the governing bodies. For instance, California’s ambitious climate objectives have significantly accelerated the US adoption of battery electric tractors (BETs). These tractors are mostly used in vineyard farming, cattle farming, and dairy industry in US. Also, the government is promoting the scrappage policy, facilitated through the “California CORE” voucher program, which offers substantial financial incentives for farmers to transition to electric tractors. This voucher’s range for electric tractors ranges from USD 16,147 for the e25G Gear model to USD 28,000 for the eUT+ Narrow model. In Asia Oceania, the demand for electric tractor is less which will increase in future.
“Europe is projected to be the second-largest regional market.”
The European tractor market declined in the sales of tractors by nearly 18% in FY 2024 compared to FY 2023. Rising interest rates influenced this lowering of tractor registration due to the European Central Bank’s monetary policy, which made it more difficult for farmers to secure loans for new machinery purchases. Major key countries in Europe noticed a lower sales record. For instance, UK tractor sales declined by ~13% in 2024, France saw a decline of ~16% in 2024, and Germany’s unit sales of tractors fell by 3.4% in 2024. According to VDMA report total tractor registrations in Germany observed a decline in sales by 19% year-over-year (YoY) in January 2025, due to economic uncertainty and lower commodity prices.
According to the CEMA and primary insights, the European market is estimated to decline till 2026 and is expected to rise after 2027. As European region is recession impact, it is expected to end in mid of 2025 to FY 2026 and the GDP growth rates is projected to grow by 0.8% to 1.3% in FY 2025. As the economic recovery, it is then expected that the interest rates might come down till end thereby increasing the farmers spending. Additionally, initiatives like the European Green Deal encourage farmers to adopt more efficient and environmentally friendly machinery, further boosting demand in the long term. In Europe, the prices of cereals, particularly wheat, have significantly declined, which has impacted the farmers due to increased imports from Ukraine following the Black Sea shipping route closure, leading to a surplus in the market and lower prices for their crops; other crops experiencing price drops include milk, eggs, and industrial crops like oilseeds and sugar beet exports. This drop in crops prices have affected the farmers spending on new equipment’s.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs – 100%
- By Designation: C Levels – 50%, Directors– 30%, Others– 20%
- By Region: North America– 30%, Europe – 20%, Asia Oceania– 40%, Rest of the World–10%
The farm equipment market is dominated by global players such as Deere & Company (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), CLAAS KGAA (Germany), Mahindra & Mahindra (India), ISEKI & Co., Ltd. (Japan), Escorts Kubota Limited (Idia), SDF Group (Germany), and Yanmar Holdings Co., Ltd (Japan). These companies adopted strategies such as product developments, deals, and others to gain traction in the market.
Research Coverage:
The study segments the farm equipment market and forecasts the market size based on power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, and >250 HP), drive type (two-wheel drive and four-wheel drive), farm equipment market, rental market, by equipment type (tractors, combines, sprayers, balers, others), Forestry Machinery Market, By Implement Type (skidders, forwarders, bunchers, swing machines, harvesters, loaders, and other forestry machinery), by function (plowing & cultivation, sowing & planting, harvesting & threshing, and others), by equipment type (cereal combines, non-cereal, combines, balers, self-propelled sprayers, tractor-mounted sprayers, and tillers), rental market, by power output (<30 HP, 31–70 HP, 71–130 HP, 131–250 HP, >250 HP), electric tractor market, by propulsion (battery electric, hybrid electric, and hydrogen), and region (Asia Oceania, North America, Europe, and the Rest of the World [RoW]). It also covers the competitive landscape and company profiles of the major players in the electric commercial vehicle market ecosystem.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help market leaders and new entrants with information on the closest approximations of the farm equipment market’s revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Government support with farmer loan waivers/credit finance, OEM/sales incentives to support dealer services and rental operations, Contract farming, and Increase in farm mechanization), restraints (Growth of rental market, High equipment cost in emerging economies), opportunities (Growing adoption of precision agriculture, Increasing R&D and adoption of electric tractors), and challenges (Rapidly changing emission norms and mandates) influencing the growth of the farm equipment market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the farm equipment market
- Market Development: Comprehensive information about lucrative markets – the report analyses the farm equipment market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the farm equipment market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Deere & Company (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), and CLAAS KGAA (Germany), Mahindra & Mahindra (India), ISEKI & Co., Ltd. (Japan), Escorts Kubota Limited (Idia), SDF Group (Germany), and Yanmar Holdings Co., Ltd (Japan) and among others in the farm equipment market.
Table of Contents
1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 35
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.3 MARKET SCOPE 36
1.3.1 MARKET SEGMENTATION 36
1.3.2 YEARS CONSIDERED 37
1.3.3 CURRENCY CONSIDERED 37
1.4 SUMMARY OF CHANGES 38
1.5 STAKEHOLDERS 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
2.1.1 SECONDARY DATA 40
2.1.1.1 List of key secondary sources to estimate farm equipment market 41
2.1.1.2 Key data from secondary sources 42
2.1.2 PRIMARY DATA 42
2.1.2.1 Major objectives of primary research 43
2.1.2.2 List of interviews with experts 43
2.2 MARKET ESTIMATION METHODOLOGY 44
2.2.1 BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 46
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 47
2.3 DATA TRIANGULATION 48
2.4 FACTOR ANALYSIS 49
2.5 RESEARCH ASSUMPTIONS 49
2.6 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT 50
2.7 RESEARCH LIMITATIONS 52
3 EXECUTIVE SUMMARY 53
3.1 REPORT SUMMARY 53
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FARM EQUIPMENT MARKET 57
4.2 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE 57
4.3 FARM TRACTOR MARKET, BY DRIVE TYPE 58
4.4 FARM TRACTOR MARKET, BY POWER OUTPUT 58
4.5 FARM IMPLEMENTS MARKET, BY FUNCTION 59
4.6 ELECTRIC TRACTOR MARKET, BY PROPULSION 59
4.7 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE 60
4.8 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT 60
4.9 FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE 61
4.10 FARM EQUIPMENT MARKET, BY REGION 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 63
5.2.1 DRIVERS 63
5.2.1.1 Government support through farm loan waivers/credit finance 63
5.2.1.2 OEM/sales incentives to support dealer services and rental operations 64
5.2.1.3 Contract farming 64
5.2.1.4 Increase in farm mechanization 65
5.2.2 RESTRAINTS 67
5.2.2.1 Growth of rental market 67
5.2.2.2 High cost of equipment in emerging economies 68
5.2.3 OPPORTUNITIES 69
5.2.3.1 Growing adoption of precision farming 69
5.2.3.2 Increasing R&D and adoption of electric tractors 69
5.2.4 CHALLENGES 70
5.2.4.1 Rapidly changing emission norms and mandates 70
5.3 TRADE ANALYSIS 71
5.3.1 IMPORT SCENARIO (CODE 843280) 71
5.3.2 EXPORT SCENARIO (HS CODE 843280) 73
5.3.3 IMPORT SCENARIO (CODE 843290) 74
5.3.4 EXPORT SCENARIO (HS CODE 843290) 76
5.3.5 IMPORT SCENARIO (HS CODE 843210) 78
5.3.6 EXPORT SCENARIO (HS CODE 843210) 79
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 81
5.5 CASE STUDY ANALYSIS 82
5.5.1 SOLECTRAC’S SOLUTIONS FOR MUSHROOM FARMS 82
5.5.2 ELECTRIC TRACTORS FOR SUSTAINABLE AGRICULTURAL PRACTICES BY AGRIMACS INC. 82
5.5.3 CALIFORNIA GOVERNMENT FOCUSES ON FARMS TO GO GREEN WITH ZERO EMISSIONS 83
5.5.4 MONARCH TRACTORS SAVE USD 2,600 PER YEAR FOR WENTE VINEYARDS 83
5.5.5 PACIFIC NORTHWEST ELECTRIC TRACTOR BARRIERS STUDY 84
5.5.6 CHALLENGES RELATED TO AUTOMATION AND ELECTRIFICATION OF TRACTORS ADDRESSED BY DR. JIANFENG ZHOU 85
5.6 MARKET ECOSYSTEM 86
5.7 INVESTMENT AND FUNDING SCENARIO 87
5.8 PATENT ANALYSIS 88
5.8.1 INTRODUCTION 88
5.9 SUPPLY CHAIN ANALYSIS 94
5.10 FARM EQUIPMENT MARKET ECOSYSTEM 95
5.11 REGULATORY LANDSCAPE 97
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
5.11.2 REGULATORY ANALYSIS FOR FARM EQUIPMENT MARKET 103
5.11.3 NON-ROAD MOBILE MACHINERY EMISSION (NRMM) REGULATIONS OUTLOOK, 2019–2030 103
5.11.3.1 North America 104
5.11.3.1.1 US 104
5.11.3.2 Europe 105
5.11.3.3 Asia Oceania 106
5.11.3.3.1 China 106
5.11.3.3.2 India 107
5.12 PRICING ANALYSIS 107
5.12.1 BY POWER OUTPUT & REGION 107
5.12.2 AVERAGE SELLING PRICE OF <30HP TRACTORS, BY REGION 108
5.12.3 AVERAGE SELLING PRICE OF 31–70 HP TRACTORS, BY REGION 108
5.12.4 AVERAGE SELLING PRICE OF 71–130 HP TRACTORS, BY REGION 109
5.12.5 AVERAGE SELLING PRICE OF 131–250 HP TRACTORS, BY REGION 110
5.12.6 AVERAGE SELLING PRICE OF >250 HP TRACTORS, BY REGION 110
5.12.7 AVERAGE SELLING PRICE OF TRACTOR, BY DRIVE TYPE 111
5.13 TECHNOLOGY ANALYSIS 112
5.13.1 KEY TECHNOLOGIES 112
5.13.1.1 Farm equipment automation 112
5.13.1.2 Agriculture 5.0 113
5.13.1.3 Electrification of tractors 114
5.13.2 COMPLEMENTARY TECHNOLOGIES 115
5.13.2.1 Future of battery technologies 115
5.13.2.2 Trends in rental industry 116
5.13.3 CNG TRACTORS 116
5.13.4 ADJACENT TECHNOLOGIES 117
5.13.4.1 Precision farming 117
5.14 KEY CONFERENCES AND EVENTS, 2025–2026 118
5.14.1 FARM EQUIPMENT MARKET: KEY CONFERENCES AND EVENTS, 2025–2026 118
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 120
5.15.1 CRITICAL STAKEHOLDERS IN BUYING PROCESS 120
5.15.2 BUYING CRITERIA 121
5.16 TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET 124
5.16.1 TOTAL COST OF OWNERSHIP FOR ELECTRIC AND DIESEL TRACTORS 125
5.16.1.1 Diesel tractor 126
5.16.1.2 Electric tractor 126
5.16.1.3 Cumulative 127
5.17 OEM FUTURE INVESTMENTS, BY KEY PLAYER 129
5.18 OEM ANALYSIS 132
5.18.1 ELECTRIC/HYBRID TRACTOR BATTERY CAPACITY VS. MOTOR OUTPUT 132
5.18.2 REGIONAL TREND OF DIESEL TRACTORS, BY DRIVE TYPE, 2024 133
5.18.3 TRACTOR HORSEPOWER, BY KEY OEM 134
5.19 PRICE RANGES OF TRACTOR MODELS FROM TOP OEMS 135
5.19.1 MAHINDRA&MAHINDRA LTD. 135
5.19.2 DEERE & COMPANY 136
5.19.3 MASSEY FERGUSON (AGCO CORPORATION) 137
5.19.4 EICHER TRACTOR (TAFE) 138
5.19.5 SONALIKA (INTERNATIONAL TRACTORS LIMITED (ITL)) 139
5.19.6 KUBOTA CORPORATION 139
5.19.7 NEW HOLLAND 140
5.19.8 CASE IH 141
6 OEM TRACTOR AND COMBINE HARVESTER SALES, BY COUNTRY 2022 – 2024 143
6.1 EUROPE 143
6.1.1 UK 143
6.1.2 GERMANY 143
6.1.3 ITALY 144
6.1.4 FRANCE 144
6.1.5 SPAIN 145
6.1.6 TURKEY 145
6.2 ASIA PACIFIC 145
6.2.1 INDIA 145
6.3 OEM-WISE COMBINE HARVESTER SALES, BY COUNTRY, 2023–2024 146
6.3.1 ASIA PACIFIC 146
6.3.1.1 India 146
6.3.2 EUROPE 146
6.3.2.1 Spain 146
7 FARM IMPLEMENTS MARKET, BY FUNCTION 147
7.1 INTRODUCTION 148
7.2 PLOWING & CULTIVATING 149
7.2.1 HIGHER YIELDS CATERING TO NEEDS OF GROWING POPULATION TO BOOST MARKET 149
7.3 SOWING & PLANTING 150
7.3.1 REDUCTION OF OVERALL COSTS TO PROPEL MARKET 150
7.4 PLANT PROTECTION AND FERTILIZING 152
7.4.1 INCREASED CROP PRODUCTION AND ENHANCED FOOD QUALITY TO DRIVE DEMAND 152
7.5 HARVESTING & THRESHING 153
7.5.1 MULTIPLE AGRICULTURAL ACTIVITIES IN SINGLE PROCESS TO DRIVE MARKET 153
7.6 OTHER FUNCTIONS 154
7.7 INDUSTRY INSIGHTS 155
8 ELECTRIC TRACTOR MARKET, BY PROPULSION 156
8.1 INTRODUCTION 157
8.2 BATTERY ELECTRIC 159
8.2.1 REDUCTION OF BATTERY MANUFACTURING COSTS TO DRIVE MARKET 159
8.3 HYBRID ELECTRIC 161
8.3.1 HIGHER POWER OUTPUT THAN BATTERY ELECTRIC TRACTORS TO DRIVE MARKET 161
8.4 HYDROGEN 163
8.4.1 ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE TO DRIVE MARKET 163
8.5 PRIMARY INSIGHTS 164
9 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE 165
9.1 INTRODUCTION 166
9.2 TRACTORS 167
9.2.1 INCREASING COLLABORATIONS BETWEEN OEMS AND APPLICATION COMPANIES TO DRIVE MARKET 167
9.3 COMBINES 168
9.3.1 DEMAND FOR HIGHER PRODUCTIVITY TO DRIVE MARKET 168
9.4 SPRAYERS 169
9.4.1 HIGHER EFFICIENCY IN FARM OPERATIONS TO BOOST DEMAND 169
9.5 BALERS 170
9.5.1 INCREASING PREFERENCE FOR ROUND BALERS WITH PRE-CUTTING SYSTEMS TO PROPEL MARKET 170
9.6 OTHER RENTAL EQUIPMENT TYPES 171
9.7 INDUSTRY INSIGHTS 172
10 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT 173
10.1 INTRODUCTION 174
10.2 <30 HP 175
10.2.1 DEMAND FOR SMALL-SIZED FARMS TO PROPEL MARKET 175
10.3 31–70 HP 176
10.3.1 MODERATE POWER AND EASE OF USE TO FUEL MARKET 176
10.4 71–130 HP 177
10.4.1 INCREASING FARM MECHANIZATION RATES TO BOOST DEMAND 177
10.5 131–250 HP 178
10.5.1 HIGH DEMAND FOR LARGE-SCALE AGRICULTURE OPERATIONS TO PROPEL MARKET 178
10.6 >250 HP 179
10.6.1 INCREASING COMMERCIAL FARMING ACTIVITIES TO DRIVE DEMAND 179
10.7 INDUSTRY INSIGHTS 181
11 FARM TRACTOR MARKET, BY DRIVE TYPE 182
11.1 INTRODUCTION 183
11.2 TWO-WHEEL DRIVE 185
11.2.1 SMALLER TURNING CIRCLE, FEWER MECHANICAL PARTS, AND LOWER PRICE TO DRIVE MARKET 185
11.3 FOUR-WHEEL DRIVE 187
11.3.1 BETTER TRACTION CONTROL UNDER HARSH CONDITIONS AND QUICKER FARMING TO BOOST MARKET 187
11.4 INDUSTRY INSIGHTS 190
12 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE 191
12.1 INTRODUCTION 192
12.2 CEREAL COMBINES 194
12.2.1 INCREASING FARM MECHANIZATION TO DRIVE DEMAND 194
12.3 NON-CEREAL COMBINES 196
12.3.1 IMPROVED SILAGE QUALITY TO DRIVE DEMAND 196
12.4 BALERS 198
12.4.1 MINIMIZED WASTAGE AND INCREASED PRODUCTIVITY TO DRIVE DEMAND 198
12.5 SELF-PROPELLED SPRAYERS 199
12.5.1 LARGE-SCALE PRODUCTION TO DRIVE MARKET 199
12.6 TRACTOR-MOUNTED SPRAYERS 201
12.6.1 BETTER MANEUVRABILITY TO DRIVE DEMAND FOR SMALL AND MEDIUM-SIZED FARMS 201
12.7 INDUSTRY INSIGHTS 203
13 FARM TRACTOR MARKET, BY POWER OUTPUT 204
13.1 INTRODUCTION 205
13.2 <30 HP 207
13.2.1 PRESENCE OF SMALL FARMLANDS IN SEVERAL COUNTRIES TO DRIVE MARKET 207
13.2.2 OPERATIONAL DATA FOR <30 HP TRACTORS BY OEMS 208
13.3 31–70 HP 210
13.3.1 GOVERNMENT SUBSIDIES, LOAN WAIVERS, AND POLICIES TO DRIVE MARKET 210
13.3.2 OPERATIONAL DATA FOR 30–70 HP TRACTORS BY OEMS 210
13.4 71–130 HP 212
13.4.1 NEED FOR TRACTORS WITH HIGHER POWER AND EFFICIENCY IN EXTENSIVE FARMLANDS TO DRIVE MARKET 212
13.4.2 OPERATIONAL DATA FOR 71–130 HP TRACTORS BY OEMS 213
13.5 131–250 HP 215
13.5.1 PRESENCE OF LARGE FARMLANDS IN EUROPE TO DRIVE MARKET 215
13.5.2 OPERATIONAL DATA FOR 131–250 HP TRACTORS BY OEMS 215
13.6 >250 HP 217
13.6.1 GROWING ORGANIZED FARMING ACTIVITIES TO DRIVE MARKET 217
13.7 INDUSTRY INSIGHTS 219
14 FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE 220
14.1 INTRODUCTION 221
14.2 FELLER BUNCHERS 223
14.2.1 DEMAND FOR FTL PROCESS IN AMERICAS TO BOOST MARKET 223
14.3 HARVESTERS 224
14.3.1 INCREASING PRODUCTIVITY AND MINIMIZING MANUAL LABOR TO BOOST MARKET 224
14.4 FORWARDERS 225
14.4.1 EXTRACTION OF WOOD UNDER VARIED DRIVING TERRAIN CONDITIONS TO BOOST MARKET 225
14.5 LOADERS 226
14.5.1 INCREASE IN COMMERCIAL CONSTRUCTION ACTIVITIES TO FUEL MARKET 226
14.6 SKIDDERS 227
14.6.1 TECHNOLOGICAL ADVANCEMENTS TO BOOST MARKET 227
14.7 SWING MACHINES 228
14.7.1 MULTIPLE FUNCTIONALITIES TO DRIVE MARKET 228
14.8 OTHER FORESTRY MACHINES 229
14.9 INDUSTRY INSIGHTS 230
15 FARM TRACTOR MARKET, BY REGION 231
15.1 INTRODUCTION 232
15.2 ASIA OCEANIA 234
15.2.1 MACROECONOMIC OUTLOOK FOR NORTH ASIA OCEANIA 234
15.2.2 AUSTRALIA 239
15.2.2.1 Government assistance to farmers to drive market 239
15.2.3 CHINA 241
15.2.3.1 Large tractor manufacturing sector and significant demand to boost market 241
15.2.4 INDIA 243
15.2.4.1 Rise in farm mechanization to drive market 243
15.2.5 JAPAN 245
15.2.5.1 Increasing focus on encouraging agricultural co-operatives to fuel market 245
15.2.6 SOUTH KOREA 247
15.2.6.1 Government focus on cultivating young farmers to drive market 247
15.2.7 REST OF ASIA OCEANIA 249
15.3 EUROPE 251
15.3.1 MACROECONOMIC OUTLOOK 251
15.3.2 FRANCE 259
15.3.2.1 Labor shortage to propel market 259
15.3.3 GERMANY 261
15.3.3.1 Increasing demand for high-powered tractors to drive market 261
15.3.4 ITALY 263
15.3.4.1 Increasing demand for precision agriculture to fuel market 263
15.3.5 POLAND 264
15.3.5.1 Increasing farm subsidies to drive demand 264
15.3.6 RUSSIA 266
15.3.6.1 Small and medium-sized farms to support market growth 266
15.3.7 SPAIN 268
15.3.7.1 Shortage of labor and increasing focus on precision agriculture to boost market 268
15.3.8 TURKEY 269
15.3.8.1 Larger farm sizes and favorable government policies to fuel market 269
15.3.9 UK 271
15.3.9.1 Rising demand for high-powered tractors to drive market 271
15.3.10 REST OF EUROPE 273
15.4 NORTH AMERICA 274
15.4.1 MACROECONOMIC OUTLOOK 274
15.4.2 CANADA 279
15.4.2.1 Farm mechanization and government investments in crop production to boost market 279
15.4.3 MEXICO 281
15.4.3.1 Government support and presence of OEMs to drive market 281
15.4.4 US 283
15.4.4.1 Presence of key players to drive market 283
15.5 REST OF THE WORLD 285
15.5.1 MACROECONOMIC OUTLOOK 285
15.5.2 ARGENTINA 289
15.5.2.1 Increased focus of key players in manufacturing tractors to propel market 289
15.5.3 BRAZIL 290
15.5.3.1 Increasing exports of tractors and presence of agri-tech startups to propel market 290
15.5.4 OTHERS 292
15.6 INDUSTRY INSIGHTS 294
16 COMPETITIVE LANDSCAPE 295
16.1 OVERVIEW 295
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 295
16.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN FARM EQUIPMENT MARKET 295
16.3 REVENUE ANALYSIS 298
16.4 MARKET SHARE ANALYSIS, 2023 299
16.5 FARM EQUIPMENT MARKET OUTLOOK, BY COUNTRY 301
16.5.1 INDIA 301
16.5.1.1 Indian tractor OEM share analysis 302
16.5.2 US 302
16.5.2.1 US tractor OEM share analysis 303
16.6 COMPANY VALUATION 304
16.7 FINANCIAL METRICS, 2024 304
16.8 BRAND/PRODUCT COMPARISON 305
16.9 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 306
16.9.1 INTRODUCTION 306
16.9.2 STARS 306
16.9.3 EMERGING LEADERS 306
16.9.4 PERVASIVE PLAYERS 306
16.9.5 PARTICIPANTS 306
16.9.6 COMPANY FOOTPRINT: KEY PLAYERS, 2024 308
16.9.6.1 Company footprint 308
16.9.6.2 Region footprint 309
16.9.6.3 Propulsion footprint 309
16.9.6.4 Drive type footprint 310
16.9.6.5 Equipment type footprint 311
16.10 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 312
16.10.1 INTRODUCTION 312
16.10.2 PROGRESSIVE COMPANIES 312
16.10.3 RESPONSIVE COMPANIES 312
16.10.4 DYNAMIC COMPANIES 312
16.10.5 STARTING BLOCKS 312
16.10.6 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2024 314
16.10.6.1 Detailed list of key startups/SMEs 314
16.11 COMPETITIVE SCENARIO 315
16.11.1 PRODUCT LAUNCHES 315
16.11.2 DEALS 325
16.11.3 EXPANSIONS 333
16.11.4 OTHER DEVELOPMENTS 336
17 COMPANY PROFILES 338
17.1 KEY PLAYERS 338
17.1.1 DEERE & COMPANY 338
17.1.1.1 Business overview 338
17.1.1.2 Products/Solutions/Services offered 340
17.1.1.3 Recent developments 342
17.1.1.3.1 Product launches 342
17.1.1.3.2 Deals 346
17.1.1.3.3 Expansions 348
17.1.1.3.4 Other developments 349
17.1.1.4 MnM view 349
17.1.1.4.1 Right to win 349
17.1.1.4.2 Strategic choices 350
17.1.1.4.3 Weaknesses and competitive threats 350
17.1.2 CNH INDUSTRIAL N.V. 351
17.1.2.1 Business overview 351
17.1.2.2 Products/Solutions/Services offered 352
17.1.2.3 Recent developments 355
17.1.2.3.1 Product launches 355
17.1.2.3.2 Deals 357
17.1.2.3.3 Expansions 359
17.1.2.4 MnM view 359
17.1.2.4.1 Right to win 359
17.1.2.4.2 Strategic choices 360
17.1.2.4.3 Weaknesses and competitive threats 360
17.1.3 MAHINDRA&MAHINDRA LTD. 361
17.1.3.1 Business overview 361
17.1.3.2 Products/Solutions/Services offered 362
17.1.3.3 Recent developments 363
17.1.3.3.1 Product launches 363
17.1.3.3.2 Deals 365
17.1.3.3.3 Expansions 366
17.1.3.3.4 Other developments 367
17.1.3.4 MnM view 367
17.1.3.4.1 Key strengths 367
17.1.3.4.2 Strategic choices 367
17.1.3.4.3 Weaknesses and competitive threats 367
17.1.4 AGCO CORPORATION 368
17.1.4.1 Business overview 368
17.1.4.2 Products/Solutions/Services offered 369
17.1.4.3 Recent developments 372
17.1.4.3.1 Product launches 372
17.1.4.3.2 Deals 374
17.1.4.3.3 Expansions 375
17.1.4.3.4 Other developments 376
17.1.4.4 MnM view 377
17.1.4.4.1 Right to win 377
17.1.4.4.2 Strategic choices 377
17.1.4.4.3 Weaknesses and competitive threats 377
17.1.5 KUBOTA CORPORATION 378
17.1.5.1 Business overview 378
17.1.5.2 Products/Solutions/Services offered 379
17.1.5.3 Recent developments 380
17.1.5.3.1 Product launches 380
17.1.5.3.2 Deals 381
17.1.5.3.3 Expansions 381
17.1.5.3.4 Other developments 383
17.1.5.4 MnM view 384
17.1.5.4.1 Right to win 384
17.1.5.4.2 Strategic choices 384
17.1.5.4.3 Weaknesses and competitive threats 384
17.1.6 CLAAS KGAA MBH 385
17.1.6.1 Business overview 385
17.1.6.2 Products/Solutions/Services offered 386
17.1.6.3 Recent developments 386
17.1.6.3.1 Product launches 386
17.1.6.3.2 Deals 389
17.1.6.3.3 Expansions 391
17.1.6.3.4 Other developments 391
17.1.6.4 MnM view 392
17.1.6.4.1 Right to win 392
17.1.6.4.2 Strategic choices 392
17.1.6.4.3 Weaknesses and competitive threats 392
17.1.7 ISEKI & CO., LTD. 393
17.1.7.1 Business overview 393
17.1.7.2 Products/Solutions/Services offered 394
17.1.7.3 Recent developments 395
17.1.7.3.1 Product launches 395
17.1.7.3.2 Deals 395
17.1.7.3.3 Expansions 396
17.1.8 ESCORTS KUBOTA LIMITED 397
17.1.8.1 Business overview 397
17.1.8.2 Products/Solutions/Services offered 398
17.1.8.3 Recent developments 399
17.1.8.3.1 Product launches 399
17.1.8.3.2 Deals 399
17.1.8.3.3 Expansions 400
17.1.9 SDF GROUP 401
17.1.9.1 Business overview 401
17.1.9.2 Products/Solutions/Services offered 402
17.1.9.3 Recent developments 403
17.1.9.3.1 Product launches 403
17.1.9.3.2 Deals 404
17.1.9.3.3 Expansions 404
17.1.9.3.4 Other developments 405
17.1.10 YANMAR HOLDINGS CO., LTD. 406
17.1.10.1 Business overview 406
17.1.10.2 Products/Solutions/Services offered 407
17.1.10.3 Recent developments 408
17.1.10.3.1 Product launches 408
17.1.10.3.2 Deals 409
17.1.10.3.3 Expansions 409
17.1.10.3.4 Other developments 410
17.2 OTHER PLAYERS 411
17.2.1 JCB (JOSEPH CYRIL BAMFORD EXCAVATORS LTD.) 411
17.2.2 TRACTORS AND FARM EQUIPMENT LIMITED 412
17.2.3 SONALIKA 413
17.2.4 TYM CORPORATION 414
17.2.5 DAEDONG CORPORATION 415
17.2.6 EXEL INDUSTRIES LTD. 416
17.2.7 BUCHER INDUSTRIES AG 417
17.2.8 ZETOR TRACTORS A.S. 418
17.2.9 ARGO TRACTORS S.P.A. 419
17.2.10 CONCERN TRACTOR PLANTS 420
17.2.11 AMAZONEN-WERKE H. DREYER SE & CO. KG 421
17.2.12 ALAMO GROUP INC. 422
17.2.13 BUHLER INDUSTRIES INC. 423
17.2.14 AUTONOMOUS TRACTOR CORPORATION 425
17.2.15 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD. 426
17.2.16 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH) 428
17.2.17 WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD. 429
17.2.18 BERNARD KRONE HOLDING SE & CO. KG 430
17.2.19 VERMEER CORPORATION 431
17.2.20 PÖTTINGER LANDTECHNIK GMBH 432
17.2.21 MINSK TRACTOR WORKS 433
17.2.22 HENAN QIANLI MACHINERY CO., LTD. 434
17.2.23 MASCHIO GASPARDO S.P.A. 435
17.3 OTHER PLAYERS FROM FOREST EQUIPMENT MACHINES 436
17.3.1 KOMATSU LTD. 436
17.3.2 CATERPILLAR 437
17.3.3 PONSSE OYJ 438
17.3.4 TIGERCAT INTERNATIONAL 439
18 RECOMMENDATIONS BY MARKETSANDMARKETS 440
18.1 ASIA OCEANIA EXPECTED TO DOMINATE FARM EQUIPMENT MARKET 440
18.2 KEY FOCUS AREAS OF ELECTRIC FARM TRACTORS 441
18.3 FOUR-WHEEL DRIVE TRACTORS FOR FUTURE APPLICATIONS – KEY FOCUS AREA 442
18.4 GROWING DEMAND FOR AUTONOMOUS TRACTORS IN COMING YEARS 442
18.5 CONCLUSION 443
19 APPENDIX 444
19.1 INSIGHTS FROM INDUSTRY EXPERTS 444
19.2 DISCUSSION GUIDE 445
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 449
19.4 CUSTOMIZATION OPTIONS 451
19.4.1 FARM EQUIPMENT MARKET, BY DRIVE TYPE & COUNTRY 451
19.4.1.1 Asia Oceania 451
19.4.1.1.1 China 451
19.4.1.1.2 India 451
19.4.1.1.3 Japan 451
19.4.1.1.4 South Korea 451
19.4.1.1.5 Australia 451
19.4.1.1.6 Rest of Asia Oceania 451
19.4.1.2 Europe 451
19.4.1.2.1 Germany 451
19.4.1.2.2 France 451
19.4.1.2.3 UK 451
19.4.1.2.4 Spain 451
19.4.1.2.5 Russia 451
19.4.1.2.6 Italy 451
19.4.1.2.7 Poland 451
19.4.1.2.8 Türkiye 451
19.4.1.2.9 Rest of Europe 451
19.4.1.3 North America 451
19.4.1.3.1 US 451
19.4.1.3.2 Canada 451
19.4.1.3.3 Mexico 451
19.4.1.4 Rest of the World 452
19.4.1.4.1 Brazil 452
19.4.1.4.2 Argentina 452
19.4.1.4.3 Others 452
19.4.2 ELECTRIC TRACTOR MARKET, BY POWER OUTPUT & COUNTRY 452
19.4.2.1 Asia Oceania 452
19.4.2.1.1 China 452
19.4.2.1.2 India 452
19.4.2.1.3 Japan 452
19.4.2.1.4 South Korea 452
19.4.2.1.5 Australia 452
19.4.2.1.6 Rest of Asia Oceania 452
19.4.2.2 Europe 452
19.4.2.2.1 Germany 452
19.4.2.2.2 France 452
19.4.2.2.3 UK 452
19.4.2.2.4 Spain 452
19.4.2.2.5 Russia 452
19.4.2.2.6 Italy 452
19.4.2.2.7 Poland 452
19.4.2.2.8 Türkiye 452
19.4.2.2.9 Rest of Europe 452
19.4.2.3 North America 453
19.4.2.3.1 US 453
19.4.2.3.2 Canada 453
19.4.2.3.3 Mexico 453
19.4.2.4 Rest of the World 453
19.4.2.4.1 Brazil 453
19.4.2.4.2 Argentina 453
19.4.2.4.3 Others 453
19.4.3 AGRICULTURE SPRAYER MARKET, BY TYPE 453
19.4.3.1 Self-propelled sprayers 453
19.4.3.2 Tractor-mounted sprayers 453
19.4.3.3 Trailed sprayers 453
19.4.3.4 Handheld sprayers 453
19.5 RELATED REPORTS 454
19.6 AUTHOR DETAILS 455
LIST OF TABLES
TABLE 1 INCLUSIONS AND EXCLUSIONS FOR FARM EQUIPMENT MARKET 35
TABLE 2 CURRENCY EXCHANGE RATES 37
TABLE 3 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT 50
TABLE 4 CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING 65
TABLE 5 SUPPORT FROM REGIONAL GOVERNMENTS 67
TABLE 6 HARVESTER AND TRACTOR RENTAL RATES IN US, 2024 (USD) 68
TABLE 7 US: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD) 71
TABLE 8 FRANCE: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 71
TABLE 9 GERMANY: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 72
TABLE 10 POLAND: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 72
TABLE 11 CANADA: IMPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 72
TABLE 12 ITALY: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 73
TABLE 13 GERMANY: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 73
TABLE 14 NETHERLANDS: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD) 73
TABLE 15 CANADA: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 74
TABLE 16 US: EXPORT DATA FOR HS CODE 843280 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD) 74
TABLE 17 GERMANY: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 74
TABLE 18 US: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD) 75
TABLE 19 FRANCE: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 75
TABLE 20 CANADA: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 75
TABLE 21 RUSSIA: IMPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2017–2021 (000’ USD) 76
TABLE 22 GERMANY: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 76
TABLE 23 CHINA: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 76
TABLE 24 ITALY: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 77
TABLE 25 US: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD) 77
TABLE 26 FRANCE: EXPORT DATA FOR HS CODE 843290 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 77
TABLE 27 FRANCE: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 78
TABLE 28 RUSSIA: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2017–2021 (000’ USD) 78
TABLE 29 POLAND: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 78
TABLE 30 GERMANY: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2019–2023 (000’ USD) 79
TABLE 31 CANADA: IMPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 79
TABLE 32 GERMANY: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 79
TABLE 33 FRANCE: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 80
TABLE 34 NORWAY: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS,
BY COUNTRY, 2020–2024 (000’ USD) 80
TABLE 35 CZECH REPUBLIC: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (000’ USD) 80
TABLE 36 US: EXPORT DATA FOR HS CODE 843210 – COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (000’ USD) 81
TABLE 37 PATENT REGISTRATIONS RELATED TO FARM EQUIPMENT MARKET, 2022–2025 89
TABLE 38 ROLE OF COMPANIES IN FARM EQUIPMENT MARKET ECOSYSTEM 95
TABLE 39 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 40 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
TABLE 41 ASIA OCEANIA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
TABLE 42 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 102
TABLE 43 US: TIER 4 EMISSION STANDARDS 104
TABLE 44 EUROPEAN UNION: STAGE V VS. VI EMISSION STANDARDS 106
TABLE 45 CHINA: CHINA IV EMISSION STANDARDS 106
TABLE 46 INDIA: TREM V EMISSION STANDARDS 107
TABLE 47 AVERAGE SELLING PRICE OF <30HP TRACTORS, BY REGION, 2021 – 2025 (USD) 108
TABLE 48 AVERAGE SELLING PRICE OF 31–70HP TRACTORS, BY REGION,
2021 – 2025 (USD) 109
TABLE 49 AVERAGE SELLING PRICE OF 71–130 HP TRACTORS, BY REGION,
2021 – 2025 (USD) 109
TABLE 50 AVERAGE SELLING PRICE OF 131–250 HP TRACTORS, BY REGION,
2021 – 2025 (USD) 110
TABLE 51 AVERAGE SELLING PRICE OF >250 HP TRACTORS, BY REGION, 2021 – 2025 (USD) 111
TABLE 52 AVERAGE SELLING PRICE OF TRACTOR, BY DRIVE TYPE, 2021 – 2025 (USD) 111
TABLE 53 PRODUCTS LAUNCHED BY CRITICAL PLAYERS FOR AUTONOMOUS AND
SEMI-AUTONOMOUS ELECTRIC TRACTORS 112
TABLE 54 CROP DATA MANAGEMENT SOFTWARE APPLICATIONS 113
TABLE 55 FUNDING PROVIDED BY USDA AND NSF FOR PRECISION AGRICULTURE RESEARCH AND DEVELOPMENT, 2022 TO 2025 117
TABLE 56 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR FARM EQUIPMENT MARKET, BY PROPULSION (%) 120
TABLE 57 KEY BUYING CRITERIA FOR TRACTORS 123
TABLE 58 TOTAL COST OF OWNERSHIP: FARM EQUIPMENT MARKET 125
TABLE 59 MODELS SELECTED FOR ANALYSIS 125
TABLE 60 COST COMPARISON OF DIESEL AND ELECTRIC TRACTORS OVER TCO OF 5 YEARS IN INDIA 128
TABLE 61 KEY MODELS FROM MAHINDRA&MAHINDRA LTD. AND THEIR PRICE RANGES 135
TABLE 62 10 MODELS FROM DEERE & COMPANY AND THEIR PRICE RANGES 136
TABLE 63 10 MODELS FROM MASSEY FERGUSON (AGCO CORPORATION) AND
THEIR PRICE RANGES 137
TABLE 64 10 MODELS FROM EICHER TRACTOR (TAFE) AND THEIR PRICE RANGES 138
TABLE 65 10 MODELS FROM SONALIKA (INTERNATIONAL TRACTORS LIMITED (ITL)) AND THEIR PRICE RANGES 139
TABLE 66 10 MODELS FROM KUBOTA CORPORATION AND THEIR PRICE RANGES 139
TABLE 67 10 MODELS FROM NEW HOLLAND AND THEIR PRICE RANGES 140
TABLE 68 10 MODELS FROM CASE IH AND THEIR PRICE RANGES 141
TABLE 69 OEM-WISE UNIT TRACTOR SALES IN UK, 2022–2023 143
TABLE 70 OEM-WISE UNIT TRACTOR SALES IN GERMANY, 2023 143
TABLE 71 OEM-WISE UNIT TRACTOR SALES IN ITALY, 2023–2024 144
TABLE 72 OEM-WISE UNIT TRACTOR SALES IN FRANCE, 2023–2024 144
TABLE 73 OEM-WISE UNIT TRACTOR SALES IN SPAIN, 2023–2024 145
TABLE 74 OEM-WISE UNIT TRACTOR SALES IN TURKEY, 2023 145
TABLE 75 OEM-WISE UNIT TRACTOR SALES IN INDIA, 2023–2024 145
TABLE 76 OEM-WISE UNIT COMBINE HARVESTER SALES AND THEIR MARKET SHARES
IN INDIA, 2023–2024 146
TABLE 77 OEM-WISE UNIT COMBINE HARVESTER SALES IN SPAIN, 2023–2024 146
TABLE 78 FARM IMPLEMENTS MARKET, BY FUNCTION, 2021–2024 (USD MILLION) 148
TABLE 79 FARM IMPLEMENTS MARKET, BY FUNCTION, 2025–2032 (USD MILLION) 149
TABLE 80 PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION,
2021–2024 (USD MILLION) 150
TABLE 81 PLOWING & CULTIVATING: FARM IMPLEMENTS MARKET, BY REGION,
2025–2032 (USD MILLION) 150
TABLE 82 SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION,
2021–2024 (USD MILLION) 151
TABLE 83 SOWING & PLANTING: FARM IMPLEMENTS MARKET, BY REGION,
2025–2032 (USD MILLION) 151
TABLE 84 PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2021–2024 (USD MILLION) 152
TABLE 85 PLANT PROTECTION & FERTILIZING: FARM IMPLEMENTS MARKET, BY REGION, 2025–2032 (USD MILLION) 152
TABLE 86 HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION,
2021–2024 (USD MILLION) 153
TABLE 87 HARVESTING & THRESHING: FARM IMPLEMENTS MARKET, BY REGION,
2025–2032 (USD MILLION) 153
TABLE 88 OTHER FUNCTIONS: FARM IMPLEMENTS MARKET, BY REGION,
2021–2024 (USD MILLION) 154
TABLE 89 OTHER FUNCTIONS: FARM IMPLEMENTS MARKET, BY REGION,
2025–2032 (USD MILLION) 154
TABLE 90 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (UNIT) 157
TABLE 91 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (UNIT) 158
TABLE 92 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2021–2024 (USD MILLION) 158
TABLE 93 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025–2032 (USD MILLION) 158
TABLE 94 BATTERY ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND BATTERY CAPACITIES 160
TABLE 95 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNIT) 160
TABLE 96 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT) 160
TABLE 97 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 161
TABLE 98 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 161
TABLE 99 HYBRID ELECTRIC TRACTOR SPECIFICATIONS WITH MOTOR AND ENGINE CAPACITIES 162
TABLE 100 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (UNIT) 162
TABLE 101 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT) 162
TABLE 102 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 163
TABLE 103 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 163
TABLE 104 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (UNIT) 164
TABLE 105 HYDROGEN ELECTRIC TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 164
TABLE 106 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE,
2021–2024 (USD MILLION) 166
TABLE 107 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE,
2025–2032 (USD MILLION) 167
TABLE 108 TRACTORS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION) 167
TABLE 109 TRACTORS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION) 168
TABLE 110 COMBINES RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION) 168
TABLE 111 COMBINES RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION) 169
TABLE 112 SPRAYERS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION) 169
TABLE 113 SPRAYERS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION) 170
TABLE 114 BALERS RENTAL MARKET, BY REGION, 2021–2024 (USD MILLION) 170
TABLE 115 BALERS RENTAL MARKET, BY REGION, 2025–2032 (USD MILLION) 171
TABLE 116 OTHER RENTAL EQUIPMENT MARKET, BY REGION, 2021–2024 (USD MILLION) 171
TABLE 117 OTHER RENTAL EQUIPMENT MARKET, BY REGION, 2025–2032 (USD MILLION) 172
TABLE 118 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 175
TABLE 119 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 175
TABLE 120 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2024 (USD MILLION) 176
TABLE 121 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2025–2032 (USD MILLION) 176
TABLE 122 31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2024 (USD MILLION) 177
TABLE 123 31–70 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2025–2032 (USD MILLION) 177
TABLE 124 71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2024 (USD MILLION) 178
TABLE 125 71–130 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2025–2032 (USD MILLION) 178
TABLE 126 131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2024 (USD MILLION) 179
TABLE 127 131–250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2025–2032 (USD MILLION) 179
TABLE 128 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2021–2024 (USD MILLION) 180
TABLE 129 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION,
2025–2032 (USD MILLION) 180
TABLE 130 KEY DIFFERENCES BETWEEN 2WD AND 4WD TRACTORS 183
TABLE 131 FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2024 (‘000 UNITS) 184
TABLE 132 FARM TRACTOR MARKET, BY DRIVE TYPE, 2025–2032 (‘000 UNITS) 184
TABLE 133 FARM TRACTOR MARKET, BY DRIVE TYPE, 2021–2024 (USD MILLION) 184
TABLE 134 FARM TRACTOR MARKET, BY DRIVE TYPE, 2025–2032 (USD MILLION) 184
TABLE 135 POPULAR BRAND 2WD TRACTORS 185
TABLE 136 2WD TRACTORS: OEM AND MODELS 186
TABLE 137 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2024 (‘000 UNITS) 186
TABLE 138 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2025–2032 (‘000 UNITS) 186
TABLE 139 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2024 (USD MILLION) 187
TABLE 140 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2025–2032 (USD MILLION) 187
TABLE 141 POPULAR 4WD TRACTORS 188
TABLE 142 4WD TRACTORS: OEM AND MODELS 188
TABLE 143 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2024 (‘000 UNITS) 189
TABLE 144 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2025–2032 (‘000 UNITS) 189
TABLE 145 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2021–2024 (USD MILLION) 189
TABLE 146 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION,
2025–2032 (USD MILLION) 189
TABLE 147 FARM EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (‘000 UNITS) 193
TABLE 148 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (‘000 UNITS) 193
TABLE 149 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 193
TABLE 150 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025–2032 (USD MILLION) 194
TABLE 151 CEREAL COMBINES MARKET, BY REGION, 2021–2024 (‘000 UNITS) 195
TABLE 152 CEREAL COMBINES MARKET, BY REGION, 2025–2032 (‘000 UNITS) 195
TABLE 153 CEREAL COMBINES MARKET, BY REGION, 2021–2024 (USD MILLION) 195
TABLE 154 CEREAL COMBINES MARKET, BY REGION, 2025–2032 (USD MILLION) 196
TABLE 155 NON-CEREAL COMBINES MARKET, BY REGION, 2021–2024 (‘000 UNITS) 197
TABLE 156 NON-CEREAL COMBINES MARKET, BY REGION, 2025–2032 (‘000 UNITS) 197
TABLE 157 NON-CEREAL COMBINES MARKET, BY REGION, 2021–2024 (USD MILLION) 197
TABLE 158 NON-CEREAL COMBINES MARKET, BY REGION, 2025–2032 (USD MILLION) 197
TABLE 159 BALERS MARKET, BY REGION, 2021–2024 (‘000 UNITS) 198
TABLE 160 BALERS MARKET, BY REGION, 2025–2032 (‘000 UNITS) 198
TABLE 161 BALERS MARKET, BY REGION, 2021–2024 (USD MILLION) 199
TABLE 162 BALERS MARKET, BY REGION, 2025–2032 (USD MILLION) 199
TABLE 163 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2021–2024 (‘000 UNITS) 200
TABLE 164 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2025–2032 (‘000 UNITS) 200
TABLE 165 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2021–2024 (USD MILLION) 200
TABLE 166 SELF-PROPELLED SPRAYERS MARKET, BY REGION, 2025–2032 (USD MILLION) 200
TABLE 167 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2021–2024 (‘000 UNITS) 201
TABLE 168 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2025–2032 (‘000 UNITS) 202
TABLE 169 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2021–2024 (USD MILLION) 202
TABLE 170 TRACTOR-MOUNTED SPRAYERS MARKET, BY REGION, 2025–2032 (USD MILLION) 202
TABLE 171 FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (‘000 UNITS) 206
TABLE 172 FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (‘000 UNITS) 206
TABLE 173 FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 206
TABLE 174 FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 207
TABLE 175 TRACTORS WITH <30 HP ENGINES BY OEMS 208
TABLE 176 <30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS) 208
TABLE 177 <30 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS) 209
TABLE 178 <30 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 209
TABLE 179 <30 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 209
TABLE 180 TRACTOR WITH 31–70 HP ENGINES BY OEMS 210
TABLE 181 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS) 211
TABLE 182 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS) 211
TABLE 183 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 211
TABLE 184 31–70 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 211
TABLE 185 TRACTOR WITH 71–130 HP ENGINES BY OEMS 213
TABLE 186 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS) 213
TABLE 187 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS) 214
TABLE 188 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 214
TABLE 189 71–130 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 214
TABLE 190 TRACTOR WITH 131–250 HP ENGINES BY OEMS 215
TABLE 191 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS) 216
TABLE 192 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS) 216
TABLE 193 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 216
TABLE 194 131–250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 217
TABLE 195 >250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (‘000 UNITS) 218
TABLE 196 >250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (‘000 UNITS) 218
TABLE 197 >250 HP: FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 218
TABLE 198 >250 HP: FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 218
TABLE 199 FORESTRY EQUIPMENT MARKET BY EQUIPMENT TYPE, 2021–2024 (USD MILLION) 222
TABLE 200 FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2025–2032 (USD MILLION) 222
TABLE 201 FELLER BUNCHERS MARKET, BY REGION, 2021–2024 (USD MILLION) 223
TABLE 202 FELLER BUNCHERS MARKET, BY REGION, 2025–2032 (USD MILLION) 223
TABLE 203 HARVESTERS MARKET, BY REGION, 2021–2024 (USD MILLION) 224
TABLE 204 HARVESTERS MARKET, BY REGION, 2025–2032 (USD MILLION) 224
TABLE 205 FORWARDERS MARKET, BY REGION, 2021–2024 (USD MILLION) 225
TABLE 206 FORWARDERS MARKET, BY REGION, 2025–2032 (USD MILLION) 225
TABLE 207 LOADERS MARKET, BY REGION, 2021–2024 (USD MILLION) 226
TABLE 208 LOADERS MARKET, BY REGION, 2025–2032 (USD MILLION) 226
TABLE 209 SKIDDERS MARKET, BY REGION, 2021–2024 (USD MILLION) 227
TABLE 210 SKIDDERS MARKET, BY REGION, 2025–2032 (USD MILLION) 227
TABLE 211 SWING MACHINES MARKET, BY REGION, 2021–2024 (USD MILLION) 228
TABLE 212 SWING MACHINES MARKET, BY REGION, 2025–2032 (USD MILLION) 228
TABLE 213 OTHER FORESTRY MACHINES MARKET, BY REGION, 2021–2024 (USD MILLION) 229
TABLE 214 OTHER FORESTRY MACHINES MARKET, BY REGION, 2025–2032 (USD MILLION) 229
TABLE 215 FARM TRACTOR MARKET, BY REGION, 2021–2024 (UNIT) 232
TABLE 216 FARM TRACTOR MARKET, BY REGION, 2025–2032 (UNIT) 233
TABLE 217 FARM TRACTOR MARKET, BY REGION, 2021–2024 (USD MILLION) 233
TABLE 218 FARM TRACTOR MARKET, BY REGION, 2025–2032 (USD MILLION) 233
TABLE 219 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT) 238
TABLE 220 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT) 238
TABLE 221 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 238
TABLE 222 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 239
TABLE 223 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 240
TABLE 224 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 240
TABLE 225 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 240
TABLE 226 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 241
TABLE 227 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 242
TABLE 228 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 242
TABLE 229 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 242
TABLE 230 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 243
TABLE 231 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 244
TABLE 232 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 244
TABLE 233 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 244
TABLE 234 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 245
TABLE 235 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 246
TABLE 236 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 246
TABLE 237 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 246
TABLE 238 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 247
TABLE 239 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 248
TABLE 240 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 248
TABLE 241 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 248
TABLE 242 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 249
TABLE 243 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (UNIT) 250
TABLE 244 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (UNIT) 250
TABLE 245 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 250
TABLE 246 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 251
TABLE 247 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT) 257
TABLE 248 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT) 257
TABLE 249 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 258
TABLE 250 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (USD MILLION) 258
TABLE 251 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 259
TABLE 252 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 259
TABLE 253 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 260
TABLE 254 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 260
TABLE 255 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 261
TABLE 256 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 262
TABLE 257 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 262
TABLE 258 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 262
TABLE 259 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 263
TABLE 260 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 263
TABLE 261 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 264
TABLE 262 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 264
TABLE 263 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 265
TABLE 264 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 265
TABLE 265 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 265
TABLE 266 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 266
TABLE 267 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 266
TABLE 268 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 267
TABLE 269 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 267
TABLE 270 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 267
TABLE 271 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 268
TABLE 272 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 268
TABLE 273 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 269
TABLE 274 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 269
TABLE 275 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 270
TABLE 276 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 270
TABLE 277 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 270
TABLE 278 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 271
TABLE 279 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 271
TABLE 280 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 272
TABLE 281 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 272
TABLE 282 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 272
TABLE 283 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (UNIT) 273
TABLE 284 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (UNIT) 273
TABLE 285 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 273
TABLE 286 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 274
TABLE 287 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT) 278
TABLE 288 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT) 278
TABLE 289 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 279
TABLE 290 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 279
TABLE 291 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 280
TABLE 292 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 280
TABLE 293 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 280
TABLE 294 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 281
TABLE 295 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 282
TABLE 296 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 282
TABLE 297 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 282
TABLE 298 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 283
TABLE 299 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 283
TABLE 300 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 284
TABLE 301 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 284
TABLE 302 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 284
TABLE 303 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2021–2024 (UNIT) 288
TABLE 304 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2025–2032 (UNIT) 288
TABLE 305 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 288
TABLE 306 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY,
2025–2032 (USD MILLION) 288
TABLE 307 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 289
TABLE 308 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 289
TABLE 309 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 290
TABLE 310 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 290
TABLE 311 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 291
TABLE 312 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 291
TABLE 313 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (USD MILLION) 291
TABLE 314 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (USD MILLION) 292
TABLE 315 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2021–2024 (UNIT) 293
TABLE 316 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT, 2025–2032 (UNIT) 293
TABLE 317 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT,
2021–2024 (USD MILLION) 293
TABLE 318 OTHERS: FARM TRACTOR MARKET, BY POWER OUTPUT,
2025–2032 (USD MILLION) 294
TABLE 319 OVERVIEW OF STRATEGIES DEPLOYED BY KEY COMPANIES 295
TABLE 320 MARKET SHARE ANALYSIS, 2024 299
TABLE 321 FARM EQUIPMENT MARKET: REGION FOOTPRINT, 2024 309
TABLE 322 FARM EQUIPMENT MARKET: PROPULSION FOOTPRINT, 2024 309
TABLE 323 FARM EQUIPMENT MARKET: DRIVE TYPE FOOTPRINT, 2024 310
TABLE 324 FARM EQUIPMENT MARKET: EQUIPMENT TYPE FOOTPRINT, 2024 311
TABLE 325 FARM EQUIPMENT MARKET: DETAILED LIST OF KEY STARTUPS/SMES 314
TABLE 326 FARM EQUIPMENT MARKET: PRODUCT LAUNCHES,
JANUARY 2021–FEBRUARY 2025 315
TABLE 327 FARM EQUIPMENT MARKET: DEALS, JANUARY 2021–FEBRUARY 2025 325
TABLE 328 FARM EQUIPMENT MARKET: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 333
TABLE 329 FARM EQUIPMENT MARKET: OTHER DEVELOPMENTS,
JANUARY 2021–FEBRUARY 2025 336
TABLE 330 DEERE & COMPANY: COMPANY OVERVIEW 339
TABLE 331 DEERE & COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 340
TABLE 332 DEERE & COMPANY: PRODUCT LAUNCHES, JANUARY 2021 – FEBRUARY 2025 342
TABLE 333 DEERE & COMPANY: DEALS, JANUARY 2021–FEBRUARY 2025 346
TABLE 334 DEERE & COMPANY: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 348
TABLE 335 DEERE & COMPANY: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025 349
TABLE 336 CNH INDUSTRIAL N.V.: COMPANY OVERVIEW 351
TABLE 337 CNH INDUSTRIAL N.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 352
TABLE 338 CNH INDUSTRIAL N.V.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025 355
TABLE 339 CNH INDUSTRIAL N.V.: DEALS, JANUARY 2021–FEBRUARY 2025 357
TABLE 340 CNH INDUSTRIES N.V.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 359
TABLE 341 MAHINDRA&MAHINDRA LTD.: COMPANY OVERVIEW 361
TABLE 342 MAHINDRA&MAHINDRA LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 362
TABLE 343 MAHINDRA&MAHINDRA LTD.: PRODUCT LAUNCHES,
JANUARY 2021–FEBRUARY 2025 363
TABLE 344 MAHINDRA&MAHINDRA LTD.: DEALS, JANUARY 2021–FEBRUARY 2025 365
TABLE 345 MAHINDRA&MAHINDRA LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 366
TABLE 346 MAHINDRA&MAHINDRA LTD.: OTHER DEVELOPMENTS,
JANUARY 2021–FEBRUARY 2025 367
TABLE 347 AGCO CORPORATION: COMPANY OVERVIEW 368
TABLE 348 AGCO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 369
TABLE 349 AGCO CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025 372
TABLE 350 AGCO CORPORATION: DEALS, JANUARY 2021–FEBRUARY 2025 374
TABLE 351 AGCO CORPORATION: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 375
TABLE 352 AGCO CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025 376
TABLE 353 KUBOTA CORPORATION: COMPANY OVERVIEW 378
TABLE 354 KUBOTA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 379
TABLE 355 KUBOTA CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025 380
TABLE 356 KUBOTA CORPORATION: DEALS, JANUARY 2021–FEBRUARY 2025 381
TABLE 357 KUBOTA CORPORATION: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 381
TABLE 358 KUBOTA CORPORATION: OTHER DEVELOPMENTS,
JANUARY 2021–FEBRUARY 2025 383
TABLE 359 CLAAS KGAA MBH: COMPANY OVERVIEW 385
TABLE 360 CLAAS KGAA MBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 386
TABLE 361 CLAAS KGAA MBH: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025 386
TABLE 362 CLAAS KGAA MBH: DEALS, JANUARY 2021–FEBRUARY 2025 389
TABLE 363 CLAAS KGAA MBH: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 391
TABLE 364 CLAAS KGAA MBH: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025 391
TABLE 365 ISEKI & CO., LTD.: COMPANY OVERVIEW 393
TABLE 366 ISEKI & CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 394
TABLE 367 ISEKI & CO., LTD.: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025 395
TABLE 368 ISEKI & CO., LTD.: DEALS, JANUARY 2021–FEBRUARY 2025 395
TABLE 369 ISEKI & CO., LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 396
TABLE 370 ESCORTS KUBOTA LIMITED: COMPANY OVERVIEW 397
TABLE 371 ESCORTS KUBOTA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 398
TABLE 372 ESCORTS KUBOTA LIMITED: PRODUCT LAUNCHES,
JANUARY 2021–FEBRUARY 2025 399
TABLE 373 ESCORTS KUBOTA LIMITED: DEALS, JANUARY 2021–FEBRUARY 2025 399
TABLE 374 ESCORTS KUBOTA LIMITED: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 400
TABLE 375 SDF GROUP: COMPANY OVERVIEW 401
TABLE 376 SDF GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 402
TABLE 377 SDF GROUP: PRODUCT LAUNCHES, JANUARY 2021–FEBRUARY 2025 403
TABLE 378 SDF GROUP: DEALS, JANUARY 2021–FEBRUARY 2025 404
TABLE 379 SDF GROUP: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 404
TABLE 380 SDF GROUP: OTHER DEVELOPMENTS, JANUARY 2021–FEBRUARY 2025 405
TABLE 381 YANMAR HOLDINGS CO., LTD.: COMPANY OVERVIEW 406
TABLE 382 YANMAR HOLDINGS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 407
TABLE 383 YANMAR HOLDINGS CO., LTD.: PRODUCT LAUNCHES,
JANUARY 2021–FEBRUARY 2025 408
TABLE 384 YANMAR HOLDINGS CO., LTD.: DEALS, JANUARY 2021–FEBRUARY 2025 409
TABLE 385 YANMAR HOLDINGS CO., LTD.: EXPANSIONS, JANUARY 2021–FEBRUARY 2025 409
TABLE 386 YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENTS,
JANUARY 2021–FEBRUARY 2025 410
TABLE 387 JCB: COMPANY OVERVIEW 411
TABLE 388 TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW 412
TABLE 389 SONALIKA: COMPANY OVERVIEW 413
TABLE 390 TYM CORPORATION: COMPANY OVERVIEW 414
TABLE 391 DAEDONG CORPORATION: COMPANY OVERVIEW 415
TABLE 392 EXEL INDUSTRIES LTD.: COMPANY OVERVIEW 416
TABLE 393 BUCHER INDUSTRIES AG: COMPANY OVERVIEW 417
TABLE 394 ZETOR TRACTORS A.S.: COMPANY OVERVIEW 418
TABLE 395 ARGO TRACTORS S.P.A.: COMPANY OVERVIEW 419
TABLE 396 CONCERN TRACTOR PLANTS: COMPANY OVERVIEW 420
TABLE 397 AMAZONEN-WERKE H. DREYER SE & CO. KG: COMPANY OVERVIEW 421
TABLE 398 ALAMO GROUP INC.: COMPANY OVERVIEW 422
TABLE 399 BUHLER INDUSTRIES INC.: COMPANY OVERVIEW 423
TABLE 400 AUTONOMOUS TRACTOR CORPORATION: COMPANY OVERVIEW 425
TABLE 401 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.:
COMPANY OVERVIEW 426
TABLE 402 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (SINOMACH):
COMPANY OVERVIEW 428
TABLE 403 WEICHAI LOVOL INTELLIGENT AGRICULTURAL TECHNOLOGY CO., LTD.:
COMPANY OVERVIEW 429
TABLE 404 BERNARD KRONE HOLDING SE & CO. KG: COMPANY OVERVIEW 430
TABLE 405 VERMEER CORPORATION: COMPANY OVERVIEW 431
TABLE 406 PÖTTINGER LANDTECHNIK GMBH: COMPANY OVERVIEW 432
TABLE 407 MINSK TRACTOR WORKS: COMPANY OVERVIEW 433
TABLE 408 HENAN QIANLI MACHINERY CO., LTD.: COMPANY OVERVIEW 434
TABLE 409 MASCHIO GASPARDO S.P.A.: COMPANY OVERVIEW 435
TABLE 410 KOMATSU LTD.: COMPANY OVERVIEW 436
TABLE 411 CATERPILLAR: COMPANY OVERVIEW 437
TABLE 412 PONSSE OYJ: COMPANY OVERVIEW 438
TABLE 413 TIGERCAT INTERNATIONAL: COMPANY OVERVIEW 439
LIST OF FIGURES
FIGURE 1 RESEARCH DESIGN 39
FIGURE 2 RESEARCH METHODOLOGY MODEL 40
FIGURE 3 BREAKDOWN OF INTERVIEWS WITH EXPERTS: BY COMPANY TYPE,
DESIGNATION, AND REGION 43
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 44
FIGURE 5 FARM TRACTOR MARKET SIZE: BOTTOM-UP APPROACH
(POWER OUTPUT AND REGION) 45
FIGURE 6 FARM EQUIPMENT MARKET SIZE: TOP-DOWN APPROACH
(FARM TRACTOR, BY DRIVE TYPE) 46
FIGURE 7 DATA TRIANGULATION METHODOLOGY 48
FIGURE 8 TRACTOR SALES, BY KEY COUNTRY, 2021–2024 54
FIGURE 9 TRACTORS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 55
FIGURE 10 GROWING MECHANIZATION IN FARMING AND ELECTRIC
TRACTORS TO DRIVE MARKET 57
FIGURE 11 NON-CEREAL COMBINES SEGMENT TO REGISTER HIGHEST
CAGR DURING FORECAST PERIOD 57
FIGURE 12 FOUR-WHEEL DRIVE TO BE FASTER GROWING SEGMENT
DURING FORECAST PERIOD 58
FIGURE 13 31-70 HP SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 58
FIGURE 14 PLOWING & CULTIVATING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 59
FIGURE 15 BATTERY ELECTRIC SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 59
FIGURE 16 TRACTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 60
FIGURE 17 31-70 HP SEGMENT TO LEAD FARM TRACTOR RENTAL MARKET DURING FORECAST PERIOD 60
FIGURE 18 FORWARDER SEGMENT TO LEAD FORESTRY EQUIPMENT MARKET
BETWEEN 2025 AND 2032 61
FIGURE 19 ASIA OCEANIA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 61
FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
IN FARM EQUIPMENT MARKET 63
FIGURE 21 US FARMS INVOLVED IN CONTRACTS, 2024 65
FIGURE 22 MECHANIZATION RATE AND POPULATION ENGAGED IN AGRICULTURE
IN SIGNIFICANT GEOGRAPHIES, 2023 66
FIGURE 23 REVENUE SHIFT FOR FARM EQUIPMENT MARKET 81
FIGURE 24 FARM EQUIPMENT MARKET: ECOSYSTEM ANALYSIS 86
FIGURE 25 FARM EQUIPMENT MARKET: ECOSYSTEM MAPPING 87
FIGURE 26 INVESTMENT AND FUNDING, 2022–2025 88
FIGURE 27 PATENT ANALYSIS, 2016–2025 89
FIGURE 28 SUPPLY CHAIN ANALYSIS: FARM EQUIPMENT MARKET 94
FIGURE 29 GLOBAL EMISSION REDUCTION ACROSS KEY COUNTRIES 97
FIGURE 30 NRMM EMISSION REGULATIONS OUTLOOK, 2019–2030 104
FIGURE 31 AVERAGE SELLING PRICE OF <30HP TRACTORS, BY REGION, 2021 –2025 108
FIGURE 32 AVERAGE SELLING PRICE OF 31–70 HP TRACTORS, BY REGION, 2021 – 2025 108
FIGURE 33 AVERAGE SELLING PRICE OF 71–130 HP TRACTORS, BY REGION, 2021 – 2025 109
FIGURE 34 AVERAGE SELLING PRICE OF 131–250 HP TRACTORS, BY REGION, 2021 – 2025 110
FIGURE 35 AVERAGE SELLING PRICE OF >250 HP TRACTORS, BY REGION, 2021 – 2025 110
FIGURE 36 AVERAGE SELLING PRICE OF TRACTOR, BY DRIVE TYPE, 2021 – 2025 111
FIGURE 37 COMPARISON OF SOLID-STATE VS. LITHIUM-ION BATTERIES 115
FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FARM EQUIPMENT MARKET, BY PROPULSION 120
FIGURE 39 KEY BUYING CRITERIA FOR DIESEL AND ELECTRIC TRACTORS 121
FIGURE 40 FACTORS INFLUENCING TOTAL COST OF OWNERSHIP 124
FIGURE 41 TOTAL COST OF OWNERSHIP FOR DIESEL TRACTOR 126
FIGURE 42 TOTAL COST OF OWNERSHIP FOR ELECTRIC TRACTOR 126
FIGURE 43 CUMULATIVE RESULT OF TCO CONSIDERING ELECTRIC AND DIESEL TRACTORS 127
FIGURE 44 BATTERY CAPACITY VS. MOTOR OUTPUT 132
FIGURE 45 REGIONAL TREND OF DIESEL TRACTORS, BY DRIVE TYPE 133
FIGURE 46 TRACTORS OEM ANALYSIS FOR TOP KEY PLAYERS 134
FIGURE 47 FARM IMPLEMENTS MARKET, BY FUNCTION, 2025 VS. 2032 (USD MILLION) 148
FIGURE 48 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2025 VS. 2032 (USD MILLION) 157
FIGURE 49 AVERAGE GLOBAL PACK AND CELL PRICE, PER KILOWATT-HOUR, 2013–2024 159
FIGURE 50 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE,
2025 VS 2032 (USD MILLION) 166
FIGURE 51 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT,
2025 VS. 2032 (USD MILLION) 174
FIGURE 52 FARM TRACTOR MARKET, BY DRIVE TYPE, 2025 VS 2032 (USD MILLION) 183
FIGURE 53 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2025 VS. 2032 (USD MILLION) 192
FIGURE 54 FARM TRACTOR MARKET, BY POWER OUTPUT, 2025 VS. 2032 (USD MILLION) 205
FIGURE 55 FORESTRY EQUIPMENT MARKET, BY EQUIPMENT TYPE,
2025 VS. 2032 (USD MILLION) 221
FIGURE 56 FARM TRACTOR MARKET, BY REGION, 2025 VS 2032 (USD MILLION 232
FIGURE 57 ASIA OCEANIA REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 235
FIGURE 58 ASIA OCEANIA GDP PER CAPITA, BY COUNTRY, 2024–2026 235
FIGURE 59 ASIA OCEANIA INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 236
FIGURE 60 ASIA OCEANIA MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 236
FIGURE 61 ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT 237
FIGURE 62 EUROPE REAL GDP GROWTH RATE, BY COUNTRY, 2024–2026 253
FIGURE 63 EUROPE GDP PER CAPITA, BY COUNTRY, 2024–2026 253
FIGURE 64 EUROPE INFLATION RATE IN TERMS OF AVERAGE CONSUMER PRICES,
BY COUNTRY, 2024–2026 254
FIGURE 65 EUROPE MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 254
FIGURE 66 EUROPE: FARM TRACTOR MARKET SNAPSHOT 256
FIGURE 67 NORTH AMERICA REAL GDP GROWTH RATE, BY COUNTRY, 2023–2026 275
FIGURE 68 NORTH AMERICA GDP PER CAPITA, BY COUNTRY, 2023–2026 276
FIGURE 69 NORTH AMERICA CONSUMER PRICE INDEX (CPI) INFLATION RATE, BY COUNTRY, 2023–2026 276
FIGURE 70 NORTH AMERICA MANUFACTURING INDUSTRY CONTRIBUTION TO GDP, 2024 277
FIGURE 71 NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY,
2025 VS 2032 (USD MILLION) 278
FIGURE 72 REST OF THE WORLD: REAL GDP ANNUAL PERCENTAGE CHANGE, 2024–2026 285
FIGURE 73 REST OF THE WORLD: GDP PER CAPITA, 2024–2026 286
FIGURE 74 REST OF THE WORLD: AVERAGE CONSUMER PRICE INDEX (CPI) INFLATION RATE, 2024–2026 286
FIGURE 75 REST OF THE WORLD: MANUFACTURING INDUSTRY VALUE
(AS PART OF GDP), 2024 287
FIGURE 76 REST OF THE WORLD FARM TRACTOR MARKET, BY COUNTRY,
2025 VS 2032 (USD MILLION) 287
FIGURE 77 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019–2023 298
FIGURE 78 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2023 300
FIGURE 79 INDIAN AGRICULTURE EQUIPMENT MARKET, (‘000 UNITS) 301
FIGURE 80 INDIAN TRACTOR OEM SHARE ANALYSIS, 2024 302
FIGURE 81 US AGRICULTURE EQUIPMENT MARKET, (‘000 UNITS) 303
FIGURE 82 US TRACTOR OEM SHARE ANALYSIS, 2024 303
FIGURE 83 COMPANY VALUATION, 2024 (USD BILLION) 304
FIGURE 84 COMPANY FINANCIAL METRICS, 2024 (USD BILLION) 304
FIGURE 85 BRAND COMPARISON 305
FIGURE 86 FARM EQUIPMENT MARKET: KEY PLAYERS, 2024 307
FIGURE 87 FARM EQUIPMENT MARKET: COMPANY FOOTPRINT, 2024 308
FIGURE 88 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 313
FIGURE 89 DEERE & COMPANY: COMPANY SNAPSHOT, 2024 339
FIGURE 90 CNH INDUSTRIAL N.V.: COMPANY SNAPSHOT, 2023 352
FIGURE 91 MAHINDRA&MAHINDRA LTD: COMPANY SNAPSHOT 362
FIGURE 92 AGCO CORPORATION: COMPANY SNAPSHOT, 2023 369
FIGURE 93 KUBOTA CORPORATION: COMPANY SNAPSHOT, 2023 379
FIGURE 94 CLAAS KGAA MBH: COMPANY SNAPSHOT, 2024 385
FIGURE 95 ISEKI & CO., LTD.: COMPANY SNAPSHOT, 2023 394
FIGURE 96 ESCORTS KUBOTA LIMITED: COMPANY SNAPSHOT, 2024 398
FIGURE 97 SDF GROUP: COMPANY SNAPSHOT 402
FIGURE 98 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT, 2024 406
MarketsandMarkets（マーケッツアンドマーケッツ）は広範な市場を対象にした市場調査レポートを出版しています。世界中の企業に高い評価を得ており、著名メディアでの引用頻度も高い、インドの最大手級の市場調査会社です。
※MarketsandMarketsの調査レポートはほぼ全タイトルご注文後、最短3時間～12時間以内（営業日基準）にご納品可能です。
ライセンス別価格表
調査会社の事情により予告なしに変更されることがございます。最新の状況およびその他のパターンについてはお問い合わせください。
ライセンスタイプ1
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD4,950 | USD6,650 | USD8,150 | USD10,000 |
ライセンスタイプ2
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD7,150 | USD8,500 | USD9,650 | USD11,000 |
ライセンスタイプ3
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD9,000 | USD10,500 | USD12,000 | USD13,500 |
ミニレポート ※定性調査にフォーカスした調査レポートです。詳細はお問合せください。
| シングルユーザ | コーポレート |
| USD 2,650 | USD 4,250 |
ご購入に関するご案内
価格・納期について
- 価格
- ウェブサイトに記載の外貨（定価）を見積日のTTSレートで換算後消費税を加えた金額が弊社からの請求金額になります。見積金額はレート変動に関係なく見積書発行日より2週間有効です。手数料（ハンドリングチャージ）無料。
- ライセンス
- シングルユーザライセンス
- 1名のみレポートファイルのご利用が可能です。
- マルチユーザライセンス
- 同一企業内（関連会社除く）5名までレポートファイルのご利用が可能です。
- コーポレートライセンス
- 同一企業および100％持株会社間・人数無制限でレポートファイルのご利用が可能です。
- エンタープライズサイトライセンス
- 特別ライセンスです。適用範囲についてはお問合せください。
- シングルユーザライセンス
- 納品形態
- Eメール
- 納期
- 最短3時間以内にご納品可能です。通常ご注文後24時間以内（営業日基準）
ご注文方法
- レポートページ内のお問い合わせフォームより見積もりをご請求ください。確認次第見積書と発注書をお送りいたします。既に弊社の見積書をお持ちの場合にはEメールまたはFAXでご注文ください。
その他
- 商品の性質上、ご注文後のキャンセル/返品/交換はできません。ご了承ください。
株式会社SEMABIZはMarketsandMarketsの日本に拠点をおく販売代理店として、MarketsandMarketsのレポートを販売しております。サンプルページのご依頼、見積り、レポートに関するご質問など購入前のご相談はいつでもお気軽にご連絡ください。
最新調査レポート
- 栄養補助食品用包装市場 – 2030年までの世界予測 2025-04-07
- 産業用ボイラー市場 – 2030年までの世界予測 2025-04-04
- オープンギア用潤滑油市場 – 2030年までの世界予測 2025-04-04
- 建設重機市場 – 2030年までの世界予測 2025-04-03
- 従来の創傷ケア市場 – 2030年までの世界予測 2025-04-02