Agriculture and Farm Equipment Market
                     Agriculture and Farm Equipment 
Market
Set to Exceed USD 272.1 Billion By 2026| CAGR 8.8%
“Agriculture and Farm Equipment/Machinery Market 
[By Product (Planting and Fertilizing Equipment, 
Farm Tractors, Irrigation Equipment, Haying 
Equipment, Harvesting Equipment, Plowing 
Equipment, Others); By Regions]: Market Size & 
Forecast, 2017 – 2026”
Agriculture and Farm Equipment Market Estimate & Forecast to 2026
According to a new research published by Polaris Market Research the global 
agriculture and farm equipment market is anticipated to reach over USD 272.1 billion by 
2026. In 2017, the farm tractors segment dominated the global market, in terms of revenue. 
Asia-Pacific is expected to be the leading contributor to the global market revenue during 
the forecast period.
Access Research Report On Agriculture and farm equipment market
There has been an increasing adoption of Agriculture and Farm Equipment across the world 
owing to growing agricultural industry, and high-demand for food crops. The growing 
population, and increasing mechanization of farm operations further supports market 
growth. The global Agriculture and Farm Equipment market is driven by the increasing need 
to improve the quality of crops produced, maximizing crop production, and enhanced 
productivity. Other factors driving the growth of this market include growth in the global 
agricultural industry, reducing availability of labors, and increasing labor costs. Integration 
of technologies such as automation and robotics along with support and subsidies from 
governments further supplement the growth of this market. However, high initial investment 
restricts the growth of the agriculture and farm equipment market. Growing demand from 
emerging economies, and technological advancements are factors expected to provide 
numerous growth opportuniCtoipeyrsigh ti ©n P otlahrise M acrkoetm Resienargch  &y Ceonasurltsing. LLP 2018. All Rights Reserved 2
Agriculture and Farm Equipment Market Estimate & Forecast to 2026
Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead 
the global market throughout the forecast period. The increasing population, and growing 
demand for high quality crops drives the growth of this market. Increasing cost of labor, and 
growing automation in agricultural practices further support market growth. 
Various product types of agriculture and farm equipment include planting and fertilizing 
equipment, farm tractors, irrigation equipment, haying equipment, harvesting equipment, 
plowing equipment, and others. In 2017, farm tractors accounted for the largest share in the 
global market. Farm tractors form an important part of farm operations such as pulling or 
pushing agricultural machinery, plowing, tilling, disking, harrowing, and planting among 
others.
The well-known companies profiled in the report include Agrocenter Ltd., CNH Industrial 
N.V., Amazone Ltd., Horsch Maschinen GmbH, John Deere, Kubota Corporation, Mahindra & 
Mahindra Limited., Morris Industries Ltd., AGCO Corporation, Agromaster, CLAAS KGaA mbH, 
and Escorts Group among others. These companies launch new products and collaborate 
with other market leaders to innovate and launch new products to meet the increasing 
needs and requirements of consumers.
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Agriculture and Farm Equipment Market Share By Type, 2017 & 2026
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