Visiongain Publishes Farm Equipment Market Report to 2031

19 March 2021

Visiongain has published a new report on Farm Equipment Market Report to 2031: Forecasts by Product Type (Tractors, Harvesters, Air Seeders, Grain Drillers, Irrigation and Others), by Application (Plowing & Cultivating, Sowing & Planting, Harvesting & Threshing, Post-harvest & Agro Processing) and by Power Output (22HP, 23-70HP, 71-130HP, 130HP & Above). PLUS Profiles of Leading Farm Equipment Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

Global Farm Equipment market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The market is anticipated to witness positive growth over the forecast period, despite the disruptions created by COVID-19 in the year 2020. The growth of the market can be attributed to the increase in farming activities, particularly contract farming and the continual support from the regional governments through incentives, loans and subsidies to boost farm activities.

COVID-19 Impact on Farm Equipment Market
COVID-19 negatively impacted the farm sector due to restricted public movement and limited economic activities in first few months after the spread of the virus. This in turn led to downturn in the demand for farm equipment. However, resumption of economic activities, opening of international borders and exports, good monsoon and government support led to quick recovery of farm sector and in turn demand for Farm Equipment recovered, starting H2 2020.

Market Drivers
Increasing mechanization in farming is one of the key factors driving the demand for farm equipments. Farmers, particularly in the developing regions such as Asia and South America are shifting towards machines over traditional methods, which helps them to increase efficiency and productivity and yield better harvest. Attractive incentives from OEMs to support dealer service acts as a major push for dealers to support sales of farm equipment. Growing contract farming globally and increasing mechanization of farm sector in the countries of developing regions such as Asia and Africa will boost the market growth.

Market Opportunities
Significant opportunity exists in the new technology farm equipment, major players compete on technology and cost as key differentiation product to win the market. Electric equipment is one such area of opportunity. Many tractor manufacturers are investing significantly in R&D of electric tractors. Agricultural robotics and use of drones for farming are other areas that hold significant revenue opportunities in the farm equipment market. Growth opportunities also exist in the developing part of the world, i.e. regions such as Asia Pacific and Latin America.

Competitive Landscape
Some of the company’s profiled in this report include CNH Industrial. John Deere, AGCO Corp., Kubota Corporation, Mahindra and Mahindra, CLASS KGA, ISEKI & Co., Yanmar, JCB, SDF Group. Additional companies active in the market includes Escorts Ltd., TAFE (Tractor and Farm Equipment Limited), Sonalika Group, Almo Group, Buhler Group, Zetor Tractors and Others.
Leading market players are working on automated/robotic farm equipment for next-gen farming. For instance, ACGO Group is presently developing next generation field robots for seed sowing. John Deere also rolled out new series of new attachments for its Zero-turn Mower lineup.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Biometric Vehicle Access Technologies Market Report 2021-2031

Rising vehicle demand especially in developing economies such as China and India; rising adoption of autonomous vehicles, growing IoT; and other economic factors; are estimated to increase the adoption of biometric vehicle access technologies in passenger vehicles segment

24 May 2021


Visiongain Publishes Auto Catalyst Market Report to 2031

Factors such as increasing public support for the protection of the environment, increased need to reduce air pollution & safeguard public health, and surge in automobile production are some of the major factors driving the market growth.

06 May 2021


Visiongain Publishes Asia-Pacific Automotive Telematics Market Report to 2031

Continuous growth in demand towards connectivity solutions for vehicles and increased government initiatives & support for the development of automotive telematics solutions are some of the major factors driving the market growth.

06 May 2021


Visiongain Publishes Semi-autonomous & Autonomous Trucks Market Report to 2031

Factors such as government regulations regarding safety features, Companies focusing on reducing delivery and vehicle maintenance cost, shortage of drivers, rise in road accidents and efficient yet feature rich modern trucks drives the semi-autonomous and autonomous truck market.

22 March 2021