Agriculture equipment market seen topping $252 billion by 2030

The agriculture and farm equipment/machinery market is projected to grow 6% a year through 2030, driven by precision farming, automation and government support. The Business Research Company says the sector could surpass $252 billion by 2030, with Asia-Pacific and the U.S. leading regional and national growth.

Why it matters: - The agriculture and farm equipment/machinery market is moving toward a larger role in global machinery spending as farms seek higher productivity, lower labor dependence and more efficient use of land, water and inputs. - The forecast points to sustained demand for tractors, precision tools and automation as food demand rises and farming systems mechanize.

What happened: - The Business Research Company projected the agriculture and farm equipment/machinery market will grow at a 6% compound annual rate through 2030. - The market is expected to surpass $252 billion by 2030. - The broader Farm Machinery and Equipment market is forecast to reach about $301 billion by 2030. - Agriculture and farm machinery is projected to represent close to 5% of the overall machinery industry, which is expected to total $5,280 billion by 2030. - The report was released in October 2026 from London.

The details: - The product mix includes tractors, rotavators, threshers and dehuskers, power tillers, power weeders, ploughs, balers and seed drills. - Tractors are projected to remain the largest category by 2030, with 46% market share and roughly $115 billion in value. - Tractor demand is being supported by large-scale farming needs, expanded financing, fuel-efficient designs and smart tractor technology. - The market is also split by ownership into individual and rental categories. - Major applications include land development and seed bed preparation, sowing and planting, plant protection, harvesting and threshing, and post-harvest and agro-processing. - Asia-Pacific is expected to be the largest regional market by 2030, reaching $88 billion from $62 billion in 2025 at a 7% CAGR. - Asia-Pacific growth is tied to mechanization in developing countries, supportive government policies, farm investment and expansion of cultivated land. - The United States is projected to be the largest single-country market by 2030 at $52 billion, up from $43 billion in 2025, with a 4% CAGR. - U.S. growth is being driven by replacement demand, precision farming adoption, autonomous and GPS-enabled equipment, and mechanization efforts. - Deere & Company held the top global position in 2025 with 5% of sales. - AGCO Corporation, CNH Industrial N.V. and Kubota Corporation also each held 5% shares in 2025. - The ten largest companies accounted for 22% of total revenue in 2025, showing a moderately fragmented market. - Other named players include Fendt, Trimble, Lely, Topcon, DeLaval and SZ DJI Technology.

Between the lines: - Precision farming is becoming a core growth engine as farmers use GPS guidance, IoT sensors, drones, artificial intelligence and farm management software to improve productivity and resource use. - Government subsidies, low-interest loans, tax incentives, leasing options and mechanization programs are lowering adoption barriers for advanced machinery. - The report links those two forces to roughly 2.5% and 2.2% annual growth contributions, respectively. - Rising food demand and deeper mechanization are also pushing spending on faster land preparation, precision irrigation, timely harvesting and post-harvest handling. - Ride-on rice transplanters are emerging as a notable product trend because they improve planting precision and reduce labor needs in paddy cultivation. - In November 2025, Escorts Kubota Limited launched third-generation Kubota KA6 and KA8 ride-on rice transplanters with fuel-efficient engines, intelligent turning systems, automatic lift functions and ergonomic controls. - The report’s company list and supply-chain map underscore a market built around steel, bearings, engines, fluids, electronics, distributors and large equipment brands.

What's next: - Market participants are expected to keep investing in precision agriculture tools, smart machinery, automation and AI-powered equipment. - The most promising growth areas include tractors, rotavators, threshers and dehuskers, power tillers, ploughs, seed drills, power weeders and balers. - Those segments are expected to add more than $61 billion in market value by 2030. - Tractors alone are projected to add $29 billion during the period. - Future growth will likely center on autonomous equipment, GPS-enabled systems, fuel-efficient and electric machinery, and precision seeding, tillage, harvesting and crop management. - The Business Research Company said its 2026 reports now include market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards, hotspot infographics and updated graphics. - More information is available in the company’s announcement and the sample request page.

The bottom line: - The market is on track for steady, technology-led expansion, with tractors and precision farming tools doing most of the heavy lifting.