The agriculture machinery market size was valued at USD 154.34 billion in 2021, growing at a CAGR of 5.1% during the forecast period from 2022 to 2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Agricultural Machinery Market: by Category (Hand Tools, Power Tools), By Type of Machinery (Tractors, Cultivation Machinery, Ploughing Machinery, Trowel, Manure Spreaders, Irrigation Systems, Sorters, Harvesting Machinery, Others), By Application (Cultivation, Planting, Fertilizing and Pest control, Irrigation, Harvesting, Hay Making, Others), By Type of Crop (Forage crops, Grains and Cereals, Vegetable and Fruits, Others) - Global/Region/Country Forecast to 2028” 

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Agriculture machinery makes the farming process simpler and gainful also as it reduces the labor cost and increases the crop quality. Agriculture machinery market is witnessing significant growth and driven hugely by increasing automation in agriculture and reducing agriculture workforce. Approving government policies to provide superior agriculture equipment to the farmers and support them is another leading factor to drive the agriculture machinery market. In addition, a few other factors are there, which impel the market growth are growing demand for pre-owned agriculture machinery and equipment and increasing hi-tech developments in agriculture field. But, high price of equipment and machinery and dearth of capable experts can hinder the agriculture machinery market growth.

Agriculture machinery market is categorized into different leading regions such as North America, Asia pacific, Latin America, Africa, Middle East and Europe. Among all the regions, Asia pacific is leading the market by obtaining the huge revenue share in the market due to the factors such as government in the region concentrated completely on ways to enhance the high agriculture manufacturing, growing population, increase in disposable earnings and high dependence on agriculture economy. Strong economic growth in emerging countries of Asia pacific such as India, China and Middle Eastern economies is also anticipated to impel the market. Mechanization of different agricultural processes is attributed to drive the demand for agriculture machinery in the region over the forecast years. Agriculture machinery market in North America is projected to experience notable growth followed by the Europe region owing to the factors like huge demand for agriculture machinery and equipment and growing implementation of technological advancements.  

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Several major key players are operating in agricultural machinery market such as CLAAS (Germany), Deere & Company (U.S.), CNH Industrial (UK), Bernard Krone Holding SE & Co. KG (Germany), Agrostroj Pelhrimov A.S. (Czech Republic), AGCO (U.S), Mahindra Group (India), Valmont Industries Incorporated (U.S.), John Deere, China National Machinery Industry Corporation (China) and Concern Tractor Plants (Russia). There are numerous medium and small scale key players operating in the market, whose presence is making market highly cutthroat to increase the revenue share in the market. The key players of agricultural machinery market compete with each other and follow some effective strategies like acquisitions and new product launches to obtain the market share.

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