Agricultural Equipment Market in Asia Pacific Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Asia-Pacific Agricultural Machinery Brands & Companies and is Segmented by Product Type into Tractors, Ploughing and Cultivating Machinery, Planting Machinery, Irrigation Machinery, Harvesting Machinery, Haying Machinery, and Other Product Types. By Geography, the market is also segmented into China, Japan, India, Australia, and Rest of Asia-Pacific.

Agricultural Equipment Market in Asia Pacific Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Agricultural Machinery Market Size

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APAC Agricultural Machinery Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.10 %
Market Concentration High

Major Players

APAC Agricultural Machinery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Agricultural Machinery Market with other markets in Agriculture Industry

Seeds

Crop Protection

Fertilizers

Agricultural Commodities

Agriculture Services

Agricultural Machinery and Technology

APAC Agricultural Machinery Market Analysis

The Asia-Pacific Agricultural Machinery Market is expected to register a CAGR of 6.1% during the forecast period.

  • The shrinking labor force and increased awareness among farmers regarding advanced agricultural practices are the prime reasons for the demand for agricultural machinery. Furthermore, the rise in technological advancements in agriculture equipment, and an increase in demand for pre-owned agriculture equipment, is likely to accelerate the revenue share. Additionally, population growth and high demand for agricultural products, primarily from countries, like India and China, are also aiding the growth of the market.
  • China and India dominate the regional markets for agricultural equipment due to their enormous areas of arable land and low levels of automation, despite Japan having the greatest level of mechanization among the Asian nations. Australia is also a major market for agricultural equipment in the Asia-Pacific region. According to the Tractor and Machinery Association of Australia (TMA), the backing of the Instant Asset Write-off scheme increased sales of small tractors in Australia. In 2020-21, the tractor under 40 horsepower (30 kilowatts) increased by 72% for the month and completed the year 36% ahead. The growing emphasis on farm mechanization and governments' push for mechanization may enhance sales and lead to innovations, such as driverless machinery, which may drive the market throughout the forecast period. On the other hand, the lack of skilled professionals and the high cost of machinery are the key constraints of the market.

APAC Agricultural Machinery Industry Overview

The market is highly consolidated with the presence of a few prominent players, accounting for more than half of the market. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the market studied. Deere & Company, AGCO Corp., International Tractors Limited (Sonalika), Kubota Tractor Corp., and Mahindra & Mahindra Ltd are some of the leading players in this region.

APAC Agricultural Machinery Market Leaders

  1. Deere & Company

  2. AGCO Corporation

  3. International tractors limited

  4. Mahindra & Mahindra Ltd.

  5. KUBOTA Corporation

  6. *Disclaimer: Major Players sorted in no particular order
APAC Agricultural Machinery Market Concentration
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APAC Agricultural Machinery Market News

November 2022: VST Tillers Tractors Ltd and ZETOR TRACTORS announced the launch of two new tractors at the CII Agro Tech India 2022 exhibition. They claim that these two new tractors of 45 hp and 50 hp are developed at the India and Czech Republic plants by VST & Zetor.

September 2022: New Holland Agriculture, a brand of CNH Industrial, announced the launch of Blue Series SIMBA and its entry in the sub 30HP compact tractor segment in India at the 7th EIMA Agrimach Expo 2022 in Bengaluru. Introduced as a part of the brand's Blue Series range, the company claimed that the tractor is designed for specialty applications, such as spraying, rotavating, and inter-row cultivation in vineyards, orchards, sugarcane, cotton fields, etc.

APAC Agricultural Machinery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Tractors
    • 5.1.1.1 By Horse Power
    • 5.1.1.1.1 Below 20 HP
    • 5.1.1.1.2 21 - 30 HP
    • 5.1.1.1.3 31 - 50 HP
    • 5.1.1.1.4 Above 50 HP
    • 5.1.1.2 By Type
    • 5.1.1.2.1 Utility Tractor
    • 5.1.1.2.2 Row Crop Tractor
    • 5.1.1.2.3 Compact Utility Tractor
    • 5.1.1.2.4 Other Types
    • 5.1.2 Plowing and Cultivating Machinery
    • 5.1.2.1 Ploughs
    • 5.1.2.2 Harrows
    • 5.1.2.3 Cultivators and Tillers
    • 5.1.2.4 Other Plowing and Cultivating Machinery
    • 5.1.3 Planting Machinery
    • 5.1.3.1 Seed Drills
    • 5.1.3.2 Planters
    • 5.1.3.3 Spreaders
    • 5.1.3.4 Other Planting Machinery
    • 5.1.4 Harvesting Machinery
    • 5.1.4.1 Combine Harvesters
    • 5.1.4.2 Forage Harvesters
    • 5.1.4.3 Other Harvesting Machinery
    • 5.1.5 Haying Machinery
    • 5.1.5.1 Mower
    • 5.1.5.2 Baler
    • 5.1.5.3 Other Haying Machinery
    • 5.1.6 Irrigation Machinery
    • 5.1.6.1 Sprinkler Irrigation
    • 5.1.6.2 Drip Irrigation
    • 5.1.6.3 Other Irrigation Machinery
    • 5.1.7 Other Product Types
  • 5.2 Geography
    • 5.2.1 China
    • 5.2.2 India
    • 5.2.3 Japan
    • 5.2.4 Australia
    • 5.2.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Deere and Company
    • 6.3.2 AGCO Corp.
    • 6.3.3 CNH Industrial NV
    • 6.3.4 Kubota Corporation
    • 6.3.5 Mahindra & Mahindra Ltd
    • 6.3.6 Yanmar Company Limited
    • 6.3.7 International tractors limited
    • 6.3.8 Iseki & Co. Ltd
    • 6.3.9 Escorts Limited
    • 6.3.10 AMAZONEN-Werke H. Dreyer GmbH & Company KG
    • 6.3.11 YANMAR Co. Ltd
    • 6.3.12 Netafim Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Agricultural Machinery Industry Segmentation

Agricultural machinery is used in farming or other agriculture. The agricultural machinery market is estimated to grow remarkably during the forecast period. All types of agricultural machinery used in fields, including harvesting machinery, haying and forage machinery, and irrigation machinery, have been considered in the research scope.

The Asia-Pacific agricultural machinery market is segmented by Product Type into Tractors, Ploughing and Cultivating Machinery, Planting Machinery, Irrigation Machinery, Harvesting Machinery, Haying Machinery, and Other Product Types. By Geography, the market is also segmented into China, Japan, India, Australia, and Rest of Asia-Pacific. The report offers market estimation and forecasts in values in USD million for all the above segments.

Product Type Tractors By Horse Power Below 20 HP
21 - 30 HP
31 - 50 HP
Above 50 HP
By Type Utility Tractor
Row Crop Tractor
Compact Utility Tractor
Other Types
Plowing and Cultivating Machinery Ploughs
Harrows
Cultivators and Tillers
Other Plowing and Cultivating Machinery
Planting Machinery Seed Drills
Planters
Spreaders
Other Planting Machinery
Harvesting Machinery Combine Harvesters
Forage Harvesters
Other Harvesting Machinery
Haying Machinery Mower
Baler
Other Haying Machinery
Irrigation Machinery Sprinkler Irrigation
Drip Irrigation
Other Irrigation Machinery
Other Product Types
Geography China
India
Japan
Australia
Rest of Asia-Pacific
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APAC Agricultural Machinery Market Research FAQs

What is the current Asia-Pacific Agricultural Machinery Market size?

The Asia-Pacific Agricultural Machinery Market is projected to register a CAGR of 6.1% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Agricultural Machinery Market?

Deere & Company, AGCO Corporation, International tractors limited, Mahindra & Mahindra Ltd. and KUBOTA Corporation are the major companies operating in the Asia-Pacific Agricultural Machinery Market.

What years does this Asia-Pacific Agricultural Machinery Market cover?

The report covers the Asia-Pacific Agricultural Machinery Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Agricultural Machinery Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Agriculture Equipment Industry Report

Statistics for the 2025 Asia-Pacific Agricultural Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Agricultural Machinery analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.