AGCO Reports - Industry Research

Agricultural Machinery Market

The Agricultural Machinery Market size is estimated at USD 151.55 billion in 2024, and is expected to reach USD 197.19 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).

Agricultural Tractors Market

The Agricultural Tractors Market size is estimated at USD 70.40 billion in 2024, and is expected to reach USD 90.71 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).

Africa Agricultural Machinery Market

The Africa Agricultural Machinery Market size is estimated at USD 2.27 billion in 2024, and is expected to reach USD 3.09 billion by 2029, growing at a CAGR of 6.40% during the forecast period (2024-2029).

Precision Farming Software Market

• The precision farming software market is projected to register a CAGR of 14 % during the forecast period.

Africa Agricultural Tractor Market

The Africa Agricultural Tractor Market size is estimated at USD 1.18 billion in 2024, and is expected to reach USD 1.58 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

Agricultural Sprayers Market

The agriculture sprayers market is projected to register a CAGR of 4.9% during the forecast period.

Autonomous Tractors Market

The Autonomous Tractors Market size is estimated at USD 1.30 billion in 2024, and is expected to reach USD 4.15 billion by 2029, growing at a CAGR of 26.10% during the forecast period (2024-2029).

Variable Rate Technology Market

The Variable Rate Technology Market size is estimated at USD 4.31 billion in 2024, and is expected to reach USD 6.75 billion by 2029, growing at a CAGR of 9.40% during the forecast period (2024-2029).

United States Agricultural Machinery Market

The United States Agricultural Machinery Market size is estimated at USD 39.56 billion in 2024, and is expected to reach USD 53.70 billion by 2029, growing at a CAGR of 6.30% during the forecast period (2024-2029).

Australia Agricultural Machinery Market

The Australia Agricultural Machinery Market size is estimated at USD 4.11 billion in 2024, and is expected to reach USD 6.68 billion by 2029, growing at a CAGR of 8.20% during the forecast period (2024-2029).

Europe Agricultural Machinery Market

The Europe Agricultural Machinery Market size is estimated at USD 48.65 billion in 2024, and is expected to reach USD 57.23 billion by 2029, growing at a CAGR of 3.30% during the forecast period (2024-2029).

Brazil Agricultural Machinery Market

The Brazil agricultural machinery market size is estimated at USD 7.10 billion in 2023 and is expected to reach USD 8.87 billion by 2028, registering a CAGR of 4.6% during the forecast period (2023-2028).

Europe Agricultural Tractors Market

The Europe Agricultural Tractors Market size is estimated at USD 15.47 billion in 2024, and is expected to reach USD 19.66 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).

Agricultural Robots Market

The Agricultural Robots Market size is estimated at USD 14.97 billion in 2024, and is expected to reach USD 27.71 billion by 2029, growing at a CAGR of 13.10% during the forecast period (2024-2029).

Digital Agriculture Market

The Digital Agriculture Market size is estimated at USD 20.01 billion in 2024, and is expected to reach USD 32.96 billion by 2029, growing at a CAGR of 10.5% during the forecast period (2024-2029).

Germany Agricultural Machinery Market

The German agricultural machinery market is projected to register a CAGR of 3.8% during the forecast period.

China Agricultural Machinery Market

The Chinese agricultural machinery market is projected to record a CAGR of 5.8% during the forecast period 2022-2027.

Agricultural Robots and Mechatronics Market

The global agricultural robots and mechatronics market are anticipated to grow at a CAGR of 20.4% during the forecast period.

United Kingdom Agricultural Machinery Market

The United Kingdom's agricultural machinery market is projected to record a CAGR of 6.1% during the forecast period.

France Agricultural Machinery Market

The France agricultural machinery market is expected to register a CAGR of 3.2% during the forecast period.

Mexico Agricultural Machinery Market

The Mexico Agricultural Machinery Market size is estimated at USD 732.35 million in 2024, and is expected to reach USD 908.28 million by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).

Turkey Agricultural Tractor Market

The Turkish agricultural tractor market is projected to register a CAGR of 6.1% over the forecast period.

Europe Precision Farming Market

The Europe Precision Farming Market size is estimated at USD 3.46 billion in 2024, and is expected to reach USD 7.04 billion by 2029, growing at a CAGR of 15.30% during the forecast period (2024-2029).

Precision Farming Market

The Precision Farming Market size is estimated at USD 13.11 billion in 2024, and is expected to reach USD 23.84 billion by 2029, growing at a CAGR of 12.70% during the forecast period (2024-2029).

United States Agricultural Tractor Market

The United States agricultural tractor machinery market is set to grow at a CAGR of 3.8% during the forecast period.

North America Plowing and Cultivating Machinery Market

The North American plowing and cultivating machinery market was valued at USD 3.9 billion in 2018 and is expected to reach USD 866 million by 2024, at a CAGR of 2.96% during the forecast period, 2019-2024.

Argentina Agricultural Machinery Market

The Argentina Agricultural Machinery Market size is estimated at USD 1.33 billion in 2024, and is expected to reach USD 1.77 billion by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).

Europe Planting Machinery Market

The growing need and recent developments to automate the agriculture sector inthe region is driving the demand for planting machinery.

Utility Tractor Market

The Utility Tractor Market size is estimated at USD 42.5 billion in 2024, and is expected to reach USD 52.92 billion by 2029, growing at a CAGR of 4.48% during the forecast period (2024-2029).

North America Agricultural Machinery Market

The North American agricultural machinery market is projected to register a CAGR of 7.9% during the forecast period.

North America Agricultural Tractors Market

The North America Agricultural Tractors Market size is estimated at USD 16.39 billion in 2024, and is expected to reach USD 21.32 billion by 2029, growing at a CAGR of 5.40% during the forecast period (2024-2029).

South America Agricultural Tractors Market

The South America Agricultural Tractor market is estimated to register a CAGR of 4.5%, during the forecast period (2020-2025).

Brazil Agricultural Tractors Market

The Brazil Agricultural Tractor Machinery Market is projected to register a CAGR of 3.9% during the forecast period.

Europe Agricultural Robots and Mechatronics Market

The Europe Agricultural Robots and Mechatronics Market size is estimated at USD 6.47 billion in 2024, and is expected to reach USD 12.95 billion by 2029, growing at a CAGR of 14.90% during the forecast period (2024-2029).

China Agricultural Tractors Market

The Chinese agricultural tractor machinery market is projected to register a CAGR of 1.5% during the forecast period.

Asia-Pacific Agricultural Machinery Market

The agriculture machinery market is expected to grow at a rate of 6.1% during the forecast period.

Germany Agricultural Tractor Market

Germany's agricultural tractor machinery market is projected to register a CAGR of 4.9% during the forecast period.

Spain Agricultural Machinery Market

The Spain Agricultural Machinery Market size is estimated at USD 711.65 million in 2023, and is expected to reach USD 870 million by 2028, growing at a CAGR of 4.10% during the forecast period (2023-2028).

Global Agricultural Harvesting Machinery Market

The Global Agricultural Harvesting Machinery Market size is estimated at USD 25.47 billion in 2024, and is expected to reach USD 37.08 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).

Africa Agricultural Robots and Mechatronics Market

The African Agricultural Robots and Mechatronics Market is estimated to grow at a CAGR of 6.2% during the forecast period.

Latin America Agricultural Machinery Market

The Latin America Agricultural Machinery Market size is estimated at USD 8.70 billion in 2023, and is expected to reach USD 11.70 billion by 2028, growing at a CAGR of 6.10% during the forecast period (2023-2028).

Sugarcane Harvesters Market

The Sugarcane Harvesters Market size is estimated at USD 1.48 billion in 2024, and is expected to reach USD 4.12 billion by 2029, growing at a CAGR of 22.60% during the forecast period (2024-2029).

North America Agricultural Sprayers Market

North America Agricultural Sprayers Market is projected to grow at a CAGR of 7.2% during the forecast period (2020-2025).

South America Agricultural Sprayers Market

The South America Agricultural Sprayers Market size is estimated at USD 501.09 million in 2024, and is expected to reach USD 667.11 million by 2029, growing at a CAGR of 5.89% during the forecast period (2024-2029).

Fertilizer Spreader Market

Fertilizer Spreader Market is projected to grow at a CAGR of 3.9% during the forecast period (2020-2025)

Crop Monitoring Technology in Precision Farming Market

The crop monitoring technology in the precision farming market is expected to register a CAGR of 12.6%, during the forecast period (2021 - 2026).

Germany Haying & Forage Machinery Market

Germany's haying and forage machinery market is estimated to register a CAGR of 3.5% during the forecast period.

United States Haying & Forage Machinery Market

The United States' haying and forage machinery market is estimated to register a CAGR of 3.6% during the forecast period.

Seed Drill and Broadcast Seeder Machinery Market

The seed drill and broadcast seedermachinery market isprojected to recorda CAGR of 4.50% during the forecast period (2019-2024).

Asia-Pacific Haying and Forage Machinery Market

The Asia-Pacific Haying and Forage Machinery Market size is estimated at USD 2.85 billion in 2024, and is expected to reach USD 3.38 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).

China Haying & Forage Machinery Market

China Haying and Forage Machinery Market is projected to grow at a CAGR of 7.08% over the forecast period (2020-2025).

Europe Haying & Forage Machinery Market

The European haying and forage machinery market is projected to grow at a CAGR of 3.5% during the forecast period (2020 - 2025).

Asia-Pacific Utility Tractor Market

The Asia-Pacific utility tractors market is projected to register a CAGR of 2.9% during the forecast period (2020-2025).

Asia-Pacific Planting Machinery Market

The Asia Pacific planting machinery market is projected to grow at a CAGR of 3.7% during the forecast period (2020 - 2025). Planting machinery is a part of farm mechanization equipment and agricultural automation.

Agricultural Haying and Forage Machinery Market

The agricultural haying and forage machinery market is projected to record a CAGR of 3.80% during the forecast period (2020-2025).

Asia-Pacific Agricultural Tractors Market

The Asia-Pacific Agricultural Tractor Market is estimated to grow at a CAGR of less than 3.5%, during the forecast period (2020-2025).

Garden and Orchard Tractors Market

The garden and orchard type tractor machinery market is projected to register a CAGR of 4.5% during the forecast period (2020-2025).

North America Haying and Forage Machinery Market

The North America haying and forage machinery market is projected to grow at a CAGR rate of 3.5% during the forecast period.

Planting and Fertilizing Machinery Market

The planting and fertilizing machinery market is projected to register a CAGR of 3.5% over the forecast period (2020-2025).

South America Agricultural Robots and Mechatronics Market

South America Agricultural robots and mechatronics market is estimated to register a CAGR of 13.1% during the forecast period (2020 - 2025).

South America Utility Tractor Market

The South America utility tractors market is projected to register a CAGR of 2.8% during the forecast period (2020-2025).