The farm equipment market is projected to grow at CAGR 4% during the forecast period 2021-2026.

The strength and quality of a company's dealers, the quality and pricing of products, dealer or brand loyalty, product availability, financing terms, and customer service are all important factors that influence a buyer's decision.
During the forecast period, the farm tractor market segment with less than 30 horsepower is expected to be the most popular. Farm tractor sales are led by China, India, and the United States, with a strong demand for tractors with 30 horsepower. Tractors and combines with less than 30 horsepower are in high demand in China. According to the “China Agricultural Machinery Distribution Association” publication, 30 hp tractors accounted for 65 percent of the market in 2017. According to the Association of Equipment Manufacturers (AEM), the US and Canada accounted for roughly 62–64 percent of the market for farm tractors with less than 40 horsepower in 2017. Small and medium farm tractors will be driven by factors such as lower prices compared to large tractors and small farmland per farmer in Asia, Oceania, and North America.

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The Farm Equipment Market report has been categorized as below

By Power Output
Less than 30 hp
31 – 70 hp
71 – 130 hp
131 – 250 hp
More than 250 hp

By Drive Type
Two-wheel drive
Four-wheel drive

By Equipment Type
Combines
Combines for cereal crops
Combines for non-cereal crops
Balers
Sprayers
By Region
North America
Europe
Asia Pacific
Rest of World
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