Global Agriculture and Forestry Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Forest & agriculture tractors, Harvesters, Agriculture Spraying Machines, Soil Preparation & Cultivation Machines, Milking & Poultry Machines and Haymaking Machines.

By Automation;

Manual Automatic, Automatic.

By Business;

Original Equipment Manufacturers (OEMs), Aftersales.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn858954850 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Agriculture and Forestry Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Agriculture and Forestry Equipment Market was valued at USD 157512.64 million. The size of this market is expected to increase to USD 221636.11 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.

The Global Agriculture and Forestry Equipment Market stand at the forefront of modern agricultural and forestry practices, providing indispensable machinery and equipment to support efficient and sustainable operations. This market encompasses a wide range of equipment designed to meet the diverse needs of farmers, foresters, and land managers worldwide. From tractors, combines, and harvesters for agricultural activities to chainsaws, log splitters, and forestry mulchers for forestry operations, these equipment play pivotal roles in enhancing productivity, optimizing resource utilization, and ensuring environmental stewardship across both sectors.

The Agriculture and Forestry Equipment Market is characterized by continual innovation and technological advancements aimed at addressing the evolving challenges and demands of modern agriculture and forestry. Manufacturers consistently strive to develop machinery that is more efficient, environmentally friendly, and user-friendly. Incorporating features such as precision farming technologies, automation, and sustainability initiatives, these advancements empower farmers and foresters to enhance their operations while minimizing environmental impact and maximizing returns on investment.

As global population growth, urbanization, and climate change exert pressure on land resources and ecosystems, the Agriculture and Forestry Equipment Market assumes ever-greater significance in enabling sustainable land management practices. From precision agriculture techniques to sustainable forestry management approaches, the adoption of advanced equipment and technologies plays a crucial role in fostering agricultural and forestry resilience, productivity, and long-term sustainability. In this context, the Agriculture and Forestry Equipment Market emerges as a vital driver of progress, innovation, and resilience in the face of evolving global challenges.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Region
  4. Global Agriculture and Forestry Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Food Demand
        2. Technological Advancements
        3. Government Support
        4. Environmental Concerns
      2. Restraints
        1. High Initial Investment
        2. Economic Uncertainty
        3. Environmental Regulations
        4. Availability of Skilled Labor
      3. Opportunities
        1. Precision Agriculture
        2. Emerging Markets
        3. Sustainable Solutions
        4. Aftermarket Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Agriculture and Forestry Equipment Market, By Product Type, 2021 - 2031 (USD Million)
      1. Forest & agriculture tractors
      2. Harvesters
      3. Agriculture spraying machines
      4. Soil preparation & cultivation machines
      5. Milking & poultry machines
      6. Haymaking machines
    2. Global Agriculture and Forestry Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. John Deere
      2. Mahindra Group
      3. AGCO Corporation
      4. Agrostroj Pelhrimov a.s
      5. Concern Tractor Plants
      6. Escorts Limited
      7. China National Machinery Industry Corporation
      8. Valmont Industries Incorporated
      9. Weifang Euroking Machinery
      10. Same Deutz-Fahr Group.
  7. Analyst Views
  8. Future Outlook of the Market