Gitnux/Report 2026

Agricultural Manufacturing Industry Statistics

The global agricultural equipment market was estimated at $176.0 billion in 2025, explore the figures behind growth, company financials and the 2026–2033 trajectory.
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Agricultural Manufacturing Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Gitnux editors write the brief first: the topic, the inclusion rules, and the frame for what belongs.

02Source Research

Agents search the published record and log every extracted figure back to the passage it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The agricultural manufacturing industry at a glance

Agricultural manufacturing, defined here as farm machinery and equipment manufacturing, generated $176.0 billion globally in 2025 and is forecast to grow as precision technology, labor shortages and farm modernization support equipment demand.

$176.0B[59]
Global market size, 2025
7.0%[59]
Forecast CAGR, 2026–2033
$39.4B[60]
U.S. industry revenue, 2024
37.5%[61]
Asia-Pacific share, 2025
Market size
The global agricultural equipment market was estimated at $176.0 billion in 2025. In the United States, farm machinery and equipment manufacturing reported $39.4 billion in 2024 sales, shipments or revenue, the latest Census figure available.[59][60]
Forecast & CAGR
Global agricultural equipment revenue is projected to increase from $183.9 billion in 2026 to $295.3 billion by 2033, representing a 7.0% compound annual growth rate. A separate industry estimate projects global tractor sales rising from 2.50 million units in 2024 to 3.24 million in 2029, a 5.4% CAGR.[59][62]
Market share & regions
Asia-Pacific was the largest regional market in 2025, with $46.4 billion in revenue and a 37.5% share of the global agricultural equipment market. North America accounted for 34.8% in another 2025 market estimate, reflecting the concentration of major manufacturers and large commercial farms.[61][63]
Segmentation
Products are segmented into tractors, harvesters and other agricultural equipment, while applications include hay and forage equipment, land development and seed-bed preparation. Precision agriculture equipment is identified as a faster-growing segment, with one estimate placing its forecast CAGR at 8.6% through 2035.[59][63]
Key players & concentration
Major global manufacturers include Deere & Company, AGCO, CNH Industrial, Kubota, Mahindra & Mahindra, Valtra, CLAAS and SDF. Industry concentration is strongest in large-equipment categories and regional dealer networks, but no reliable current global concentration ratio was identified.[64][63]
Pricing
U.S. producer prices for agricultural machinery and equipment increased 2.1% year over year in August 2026, while the index rose 0.5% month over month. The September 2025 detailed PPI report lists an index of 203.059 for agricultural machinery and equipment, compared with 202.078 a year earlier.[19]
Trends, drivers & challenges
Growth is being supported by labor shortages, farm modernization, precision agriculture and demand for more efficient equipment. Affordability, maintenance costs, financing conditions and farmer adoption remain constraints; one market assessment specifically identifies equipment affordability, maintenance and adoption as challenges.[65][59]
Consumer behavior & competition
Farm buyers increasingly evaluate equipment on automation, fuel efficiency, data compatibility, environmental compliance and residual value rather than horsepower alone. Competition is also shifting toward aftermarket service and repair access: the FTC said Deere’s 2026 settlement requires equivalent repair resources for farmers and independent repair providers for 10 years.[61][66]
Regulation
In July 2026, the FTC and five states secured a settlement with Deere requiring the company, for 10 years, to provide farmers and independent repair providers with repair resources equivalent to those available to authorized dealers. In October 2026, the FTC and USDA opened a joint inquiry into agricultural-equipment manufacturing and distribution practices, with comments due December 7, 2026.[66]
Latest news
The most significant recent regulatory development is the FTC’s July 8, 2026 Deere settlement, which expands access to diagnostic software, electronic reprogramming, technical manuals and other repair resources. On October 2026, the FTC and USDA followed with a market-practices inquiry covering agricultural-equipment manufacturing and distribution.[66]

02 Ranking

Top 10 Companies in the Agricultural Manufacturing Industry

The leading companies in the agricultural manufacturing industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Mahindra & Mahindra stands out for tractors and farm machinery because it identifies itself as the world's largest tractor company by volume, while Corteva is the pick for seeds and crop protection since it reported 2025 Seed sales of $9.898 billion and Crop Protection sales of $7.503 billion.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in tractors & farm machinery

    Mahindra & Mahindra

    IN

    Ranked #1 · 8.9 · Tractors & farm machinery

    Why we picked it: It sells tractors and farm machinery, and it identifies itself as the world's largest tractor company by volume.

    See in ranking ↓Visit mahindra.com ↗

  2. Leader in seeds and crop protection

    Corteva

    US

    Ranked #2 · 8.9 · Seeds and crop protection

    Why we picked it: It separates Seed and Crop Protection revenues, reporting $9.898 billion in Seed sales and $7.503 billion in Crop Protection sales in 2025.

    See in ranking ↓Visit corteva.com ↗

  3. #3 overall

    Bayer

    DE

    Ranked #3 · 8.6 · Seeds and crop protection

    Why we picked it: It reports Crop Science division sales of €21.622 billion in 2025 across crop protection, seeds and agricultural biotechnology.

    See in ranking ↓Visit bayer.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 10 companies in the agricultural manufacturing industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Mahindra & Mahindra

Tractors & farm machinery · IN

8.9
2

Corteva

Seeds and crop protection · US

8.9
3

Bayer

Seeds and crop protection · DE

8.6
4

Yara International

Seeds and crop protection · NO

8.6
5

Syngenta Group

Seeds and crop protection · CH

8.5
6

Nutrien

Fertilizers and agricultural inputs · CA

8.3
7

Deere & Company

Agricultural machinery and precision agriculture · US

8.2
8

The Mosaic Company

Phosphate and potash fertilizers · US

7.7
9

BASF

Seeds, crop protection and agricultural chemistry · DE

7.5
10

SDF

Tractors, harvesters and agricultural engines · IT

7.1

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 10 companies in the agricultural manufacturing industry. In Agricultural Manufacturing Industry Statistics. Gitnux. https://gitnux.org/agricultural-manufacturing-industry-statistics/#top-companies

report visual · Projection

Agricultural implement manufacturing shipments (United States)

Agricultural implement manufacturing shipments grew from 37,204,865 thousands of U.S. dollars in 2020 to 46,747,744 thousands of U.S. dollars in 2024.

$37.2M
Start
+5.87%
CAGR · 4y
$46.7M
Projected
20202024
source-verifiedfred.stlouisfed.org2024

04 Statistics

Technology & Innovation

Technology adoption data shows scale-up from connected farming to decision systems, with 61% of U.S. farmers reporting digital agronomy technology adoption in 2024.

Automation in the agricultural manufacturing industry

  • 18% of EU farms applied at least one precision-farming technology or practice, including automated variable-rate input application, in 2023.[1]
  • Around 800 autonomous machines were used regularly in agricultural applications worldwide as of June 2024.[2]
  • 7% of EU farms used robotics capable of autonomous operation without direct human intervention in 2023.[1]

Digital Transformation in the agriculture and food production sector (sector benchmark)

  • Among EU food-manufacturing enterprises, 51.2% had very low digital intensity in 2023, down from 55.1% in 2021.[3]
  • Among EU food-manufacturing enterprises, 3.4% had very high digital intensity in 2023, compared with 2.1% in 2021.[3]
  • Across the EU agri-food industrial ecosystem, 20% of companies had a concrete digital-transformation strategy in 2024.[3]
  • Among EU food-manufacturing enterprises, 15.4% had high digital intensity in 2023, compared with 13.0% in 2021.[3]
  • In the United States, 61% of farmers reported adopting digital agronomy technologies in 2024.[4]

Technology Adoption in the agriculture and food production sector (sector benchmark)

  • Across EU farms, 43% had internet access, 11% used farm-management information systems, and 7% used robotics in 2023.[5]
  • In Germany, 85.5% of surveyed farms used at least one digital technology in 2024–2025.[5]
  • In Czechia, 30% of crop-production farmers used at least one precision-agriculture technology in 2023.[5]
  • Across EU farms with utilised agricultural area, about 18% used some form of precision-farming technology or practice in 2023.[5]
  • In Canada, 84% of field-crop operations used GPS equipment in 2021.[5]
  • In Chile, 12% of agricultural production units reported using a technological tool such as mobile applications, drones, or sensors in 2021.[5]

Cloud Computing in the agriculture and food production sector (sector benchmark)

  • Among EU large businesses, 78% purchased cloud-computing services in 2023, compared with 44% of SMEs.[1]
  • Across EU businesses, 45% purchased cloud-computing services in 2023.[1]
  • Across EU agri-food businesses, 37% used cloud computing in 2024, up from 26% in 2023.[3]
  • Across EU agri-food businesses, 26% used cloud computing in 2023.[3]

Big Data in the agriculture and food production sector (sector benchmark)

  • Across EU agri-food businesses, 307 startups focused on artificial intelligence and big data were formed between 2015 and 2023.[3]
  • Across EU agri-food businesses, 17% used big-data technologies in 2023.[3]
  • In Germany, 5.0% of surveyed farms used artificial-intelligence or big-data technologies in 2024–2025.[5]
  • Across EU agri-food businesses, 13% used big-data technologies in 2024, compared with 17% in 2023.[3]

IoT in the agriculture and food production sector (sector benchmark)

  • Across EU farms with livestock, about 11% used animal-welfare or health-monitoring systems in 2023.[5]
  • Across EU agri-food businesses, 24% used Internet of Things technologies in 2024, up from 10% in 2023.[3]
  • Among agri-food companies investing more than 30% of annual turnover in digital technologies, 5.41% prioritised Internet of Things technologies in 2024.[3]
  • Across EU agri-food businesses, 10% used Internet of Things technologies in 2023.[3]

Innovation in the agricultural manufacturing industry

  • $2.500 billion was spent on domestic company-performed R&D in U.S. agricultural implement manufacturing for the agriculture application area in 2023.[6]
  • $22.682 billion was spent on domestic company-performed R&D in the U.S. machinery industry for the agriculture application area in 2023.[6]
  • China had 67 agricultural machinery research institutions at all levels in 2017, including 24 national and provincial research institutions.[7]

05 Statistics

Data & Analytics

Data readiness and governance gaps show up in AI work, with 44% of manufacturers reporting AI projects failed because of poor data quality in 2025.

Business intelligence in the agricultural manufacturing industry

  • 5.0% of German agricultural holdings used AI or big-data technologies in 2024–2025.[5]
  • About 60% of farms in France used farm-management information systems in 2023.[1]
  • 40.9% of surveyed German farms and contractors used farm-management information systems or decision-support systems in 2023.[8]
  • About 11% of EU farms used farm-management information systems in 2023, representing the customer base for agricultural-manufacturing intelligence tools.[1]

Data analytics in the agricultural manufacturing industry

  • 84% of Canadian field-crop operations used GPS equipment in 2021, supporting agricultural machinery data collection and analytics.[5]
  • 19.3% of Canadian field-crop operations using GPS varied fertiliser application in 2021.[5]
  • 61% of U.S. farmers used digital agronomy technology in 2024.[4]
  • 31% of Canadian field-crop operations using GPS generated yield maps in 2021.[5]

Data Quality in the agriculture and food production sector (sector benchmark)

  • 30% of manufacturing respondents identified poor-quality data as one of their top three challenges when working with AI-related data in 2024.[9]
  • 44% of manufacturers reported that AI projects had failed because of poor data quality in 2025, according to a survey of manufacturing organizations.[10]
  • 42% of manufacturers reported having a process to verify operational data accuracy or quality in 2025, indicating that most lacked a formal validation process.[9]
  • 41% of manufacturers said they distrusted the data used for supply-chain operations in 2025, reflecting persistent data-quality concerns in production and procurement.[10]
  • 49% of manufacturing respondents rated their operational data as having low AI readiness in 2024, meaning it was insufficiently labeled, contextualized, governed or accessible.[9]

Data Governance in the agriculture and food production sector (sector benchmark)

  • 40% of food and beverage professionals worldwide identified disconnected systems and data as their biggest barrier to moving faster in 2026.[11]
  • 69% of food and beverage companies still relied on spreadsheets and email for core operations in 2025, limiting standardized access and control of business data.[11]
  • 61% of manufacturers reported having a corporate-wide governance plan, strategy or formal guidelines for how data is collected, organized, accessed and used in 2024.[9]
  • 61% of supply-management organizations reported having a dedicated data-governance function in 2024, while 90% agreed that data governance was necessary.[12]
  • 6% of food and beverage leaders reported fully integrated digital systems in 2025, despite 82% saying technology adoption was a strategic priority.[11]
  • 15% of manufacturers said their data strategy was entirely aligned with their overall business strategy in 2024, while 31% said it was very closely aligned.[9]

KPIs in the agricultural manufacturing industry

  • 193 mandatory and optional recall campaigns were recorded by AGCO in 2024 worldwide.[13]
  • 247 new patent applications were filed by AGCO in 2024 worldwide.[13]
  • 88% of AGCO’s production-agriculture fleet retailed in 2024 was connected.[13]
  • 174,093 units were repaired by AGCO in 2024 worldwide.[13]

06 Statistics

Strategy & Growth

R&D and product strategies are tied to measurable cost and investment signals, including Syngenta Group’s $1.8 billion R&D investment in 2025.

Growth in the agricultural manufacturing industry

  • 5.4% of CNH Agriculture net sales was allocated to research and development in the fourth quarter of 2025.[14]
  • $89.76 billion was the forecast global agricultural machinery market size for 2029, up from an estimated $69 billion in 2024.[15]
  • $1.4 billion was invested annually by Syngenta Seeds in research and development and production innovation.[16]
  • 15% lower total cost of ownership was reported for CNH’s new-generation twin- and single-rotor combines launched in 2024.[17]

Differentiation in the agricultural manufacturing industry

  • 300+ active ingredients differentiated ADAMA’s crop-protection portfolio of herbicides, insecticides and fungicides.[16]
  • 15% lower total cost of ownership was reported for CNH’s new-generation twin- and single-rotor combines compared with prior solutions.[17]
  • 6,000 scientists supported Syngenta Seeds’ differentiation through breeding for specific crop characteristics.[16]
  • $1.8 billion was Syngenta Group’s research and development investment in 2025 across crop protection, seeds, biologicals and digital tools.[16]

Mergers and acquisitions in the agricultural manufacturing industry

  • 15% was the decline in John Deere dealer groups with five or more locations between 2020 and 2024.[18]
  • 8% was the increase in North American agricultural dealer groups with five or more locations between 2020 and 2024.[18]
  • 206 North American agricultural equipment dealer groups operated five or more locations in the 2024 report, down from a record 214 in 2022.[18]
  • 16% was the decline in New Holland big-dealer agricultural stores reported for 2024 compared with 2023.[18]

Strategic partnerships in the agricultural manufacturing industry

  • 1 global licensing partnership was signed by Syngenta Vegetable Seeds with Emerald Seed Company in 2024 for onion seeds.[16]
  • 51,000+ production growers partnered with Syngenta Seeds across 26 countries.[16]
  • 1.9 million farmers were supported by two agricultural finance intermediaries reported by the Syngenta Foundation in 2023.[16]
  • 150+ Syngenta Seeds research and production sites collaborated with universities, incubators, scientists and production growers.[16]

07 Statistics

People & Workforce

Work models remain mixed, and the industry also tracks workforce composition, with men representing 77.6% of the U.S. agricultural implement manufacturing workforce in 2024.

Remote Work in the agriculture and food production sector (sector benchmark)

  • Across U.S. crop and animal production, 14.4% of workers worked remotely in 2021, compared with 14.7% in 2019 and 15.4% in 2020.[19]
  • Across U.S. agriculture and food employers, 35% offered some type of remote-work arrangement in 2024, according to AgCareers’ industry hiring report.[20]
  • Across U.S. agriculture, forestry, fishing and hunting, about 12% of workers worked remotely during October 2023–September 2024, including hybrid and fully remote work.[21]
  • Across U.S. accommodation and food services, 4.8% of workers worked remotely in 2021, up from 1.9% in 2019 and 5.3% in 2020.[19]

Hybrid Work in the agriculture and food production sector (sector benchmark)

  • Among science-of-food professionals surveyed globally in 2024, respondents averaged 2.1 work-at-home days per week.[22]
  • 21% of Australian FMCG and agribusiness professionals reported working fully remotely in 2024.[23]
  • 13% of Australian FMCG and agribusiness professionals preferred full-time on-site work in 2024.[23]
  • 84% of Australian agribusiness organisations planned no change to existing flexible or hybrid work arrangements in 2026.[24]
  • Among science-of-food professionals surveyed in 2024, 36% reported having no work-at-home days per week.[22]

Employee Engagement in the agriculture and food production sector (sector benchmark)

  • In the agriculture industry, employees averaged 7.68 out of 10 for engagement and an eNPS of +5 in CultureMonkey’s 2026 benchmark.[25]
  • Employees in manufacture, distribution and storage organizations scored 59.3% on leadership in People Insight’s global benchmark data.[26]
  • Employees in manufacture, distribution and storage organizations scored 60.9% on enablement in People Insight’s global benchmark data.[26]
  • At Europe Snacks, a multinational food manufacturer, employee engagement reached 79% across its international workforce and 88% in its UK business after a structured listening program.[26]
  • Manufacture, distribution and storage organizations recorded an average employee-engagement score of 72.9% in People Insight’s global benchmark data.[26]

DEI in the agricultural manufacturing industry

  • Men represented 77.6% of the U.S. agricultural implement manufacturing workforce in 2024.[27]
  • Women represented 22.4% of the U.S. agricultural implement manufacturing workforce in 2024.[27]

Change Management in the agriculture and food production sector (sector benchmark)

  • Among food and beverage processors surveyed in 2020, 37% reported expansions, renovations or added capacity as structural changes.[28]
  • Among food and beverage processors surveyed in 2020, 40% reported changing a process as a structural change.[28]
  • Among consumer packaged goods executives surveyed, 54% said resources dedicated to change programs had increased during the previous 12 months.[29]
  • Among food and beverage processors surveyed in 2020, 53% reported conducting safety-related training as a structural change.[28]
  • Among food and beverage processors surveyed in 2020, 31% reported changing elements of their supply chain as a structural change.[28]

08 Statistics

Customer & Sales

Buyers weight service factors alongside brand history, and 70% of Australian agricultural machinery purchasers rated customer service as very important in 2021.

Customer experience in the agricultural manufacturing industry

  • 42% of Australian agricultural machinery purchasers rated reputation or past experience with a brand as very important in 2021.[30]
  • 56% of Australian agricultural machinery purchasers rated ease of servicing or repair as very important when choosing a machinery brand in 2021.[30]
  • 70% of Australian agricultural machinery purchasers rated customer service as very important when choosing a machinery brand in 2021.[30]

Customer acquisition in the agricultural manufacturing industry

  • 82.6% of surveyed German farming businesses planned to purchase large farm machinery within the next three to five years in 2026.[31]
  • 80.7% of surveyed German farmers did not rule out Asian manufacturers for their next machinery purchase in 2026.[31]

Customer loyalty in the agricultural manufacturing industry

  • 52% of Australian agricultural machinery purchasers cited brand loyalty as the main reason for not seeking a competing quote in 2021.[30]
  • Fendt achieved a brand index score of 53 points in the German agricultural machinery sector’s 2022–2023 DLG ImageBarometer.[32]

09 Statistics

Marketing & Brand

Dealer marketing activity increasingly reflects digital channels, with 23% of U.S. plant-dealer advertising budgets going to social media in the U.S. green-industry survey.

Marketing in the agricultural manufacturing industry

  • Digital marketing represented the majority of new-customer acquisition spending among most agricultural equipment dealers surveyed in 2021.[33]
  • Dealers with 10 or more agricultural equipment stores allocated the most marketing investment to data services and video production.[18]
  • 33% of surveyed agricultural equipment dealers in the outdated digital-adoption group used the internet for sales.[33]
  • 50% of agricultural equipment dealer survey respondents said their 2021 marketing budget was unchanged from 2020 in a U.S. dealer study.[33]

Digital marketing in the agricultural manufacturing industry

  • 50% of surveyed agricultural equipment dealers reported unchanged marketing budgets in 2021 compared with 2020.[33]
  • 33% of dealers in the least digitally mature group used their websites for sales in the 2021 agricultural equipment dealer survey.[33]

Social media in the agricultural manufacturing industry

  • 23% of total advertising budgets among U.S. green-industry firms went to social media, the largest share among listed media channels.[34]
  • 32% of advertising budgets at U.S. grower firms in the national green-industry survey went to social media.[34]
  • 13% of plant-dealer advertising budgets in the U.S. green-industry survey went to social media.[34]

Influencer Marketing in the agriculture and food production sector (sector benchmark)

  • Food and drink influencer content involved 78,800 profiles globally in 2023, based on Sprout Social’s benchmark dataset.[35]
  • Food and drink influencer content produced an estimated $122 billion in earned media value globally in 2023.[35]
  • Food and drink influencer content generated 392 billion impressions globally in 2023.[35]
  • Food and drink influencer posts achieved a 1.19% average engagement rate globally in 2023.[35]
  • 11.5 million influencer posts covered food and drink globally in 2023, according to Sprout Social’s benchmark dataset.[35]

10 Statistics

Operations & Execution

Manufacturers keep shifting process methods, with lean manufacturing use falling to 50% of manufacturing plants in the MPI study.

Process optimization in the agricultural manufacturing industry

  • 22% of manufacturing plants in the MPI study reported using the Theory of Constraints.[36]
  • 30% of manufacturing plants in the MPI study reported using Six Sigma for process improvement.[36]
  • 38% of manufacturing plants in the MPI study reported using agile manufacturing as an improvement methodology.[36]
  • 50% of manufacturing plants in the MPI study reported using lean manufacturing, down from 65% in 2010 and 66% in 2015.[36]

Quality management in the agricultural manufacturing industry

  • 43% of manufacturing executives reported moderate depth and breadth of improvement-methodology adoption in their plants.[36]
  • 15% of manufacturing plants in the MPI study reported using the Toyota Production System as an improvement methodology.[36]
  • 55% of manufacturing plants in the MPI study reported using total quality management.[36]
  • 64% was the median share of workforces reported to be fully engaged in their plants’ improvement methods.[36]

Supply chain in the agricultural manufacturing industry

  • 67.5% of surveyed agricultural equipment dealers reported new-equipment sales declines of at least 2% in 2025.[37]
  • 46.3% of surveyed agricultural equipment dealers reported used-equipment sales declines of at least 2% in 2025.[37]
  • Used agricultural equipment pricing was down 6% year over year among dealers reporting in October in the cited dealer sentiment survey.[18]
  • 75% net of agricultural equipment dealers reported that new-equipment inventories were too high in October in the cited dealer sentiment survey.[18]

Outsourcing / Offshoring in the agriculture and food production sector (sector benchmark)

  • 19% of surveyed Queensland food-processing businesses contracted work out in 2010, while 28% contracted work in and 15% did both.[38]
  • 2% of Canadian food and beverage companies outsourced production entirely to third-party manufacturers in 2020.[39]
  • 49% of U.S. growers surveyed outsourced at least some farm work to third-party service providers in 2022, with spraying services the most commonly outsourced activity.[40]
  • 66% of Queensland food-processing businesses engaged in contract manufacturing to some extent in 2010, including contracting work in or out.[38]
  • 85% of Canadian food and beverage companies processed or manufactured products internally in 2020, while 13% both produced internally and outsourced production.[39]

11 Statistics

Finance & Pricing

Price conditions and demand are visible through dealer expectations, with 44.3% of agricultural equipment dealers forecasting new-equipment sales declines of at least 2% in 2026.

Pricing strategy in the agricultural manufacturing industry

  • 275% was the increase in the average price of a new 300-horsepower tractor from 1990 to 2024.[41]
  • 287% was the increase in the average price of a new 200-horsepower tractor from 1990 to 2024, according to Farm Credit Services of America.[41]
  • More than 20% was the increase in U.S. new agricultural-equipment prices between 2021 and 2023.[37]
  • 89% of North American agricultural equipment dealers expected prices to rise by 1% to 6% in 2026.[42]

Cost reduction in the agricultural manufacturing industry

  • $600 million in tariff costs were absorbed by Deere & Co. in fiscal 2025, according to its financial disclosures.[37]
  • $250 per acre was the approximate level of selected machinery costs for the average Kentucky grain farm in 2024.[43]
  • 44% of power and equipment costs on Illinois grain farms in 2019 came from economic machinery depreciation.[37]
  • Over 20% was the increase in machinery costs on U.S. farms associated with new agricultural-equipment price increases between 2021 and 2023.[37]

Profitability in the agricultural manufacturing industry

  • $31 billion was the approximate value of U.S. agricultural capital expenditures in 2019, compared with an estimated $53 billion in 2025.[43]
  • 3,579 U.S. farm combines were sold in 2025, a 35.58% decline from 2024.[37]
  • 217,279 U.S. farm tractors were sold in 2024, a 13.16% decline from 2023, indicating weaker demand conditions for agricultural equipment manufacturers.[37]
  • 44% of Illinois grain-farm power and equipment costs in 2019 were economic machinery depreciation, a major cost linked to farm profitability.[37]

Financial planning in the agricultural manufacturing industry

  • 100% bonus depreciation became permanent for qualifying new and used equipment bought after January 19, 2025, under the U.S. tax changes described in the report.[42]
  • 44.3% of agricultural equipment dealers forecast new-equipment sales declines of at least 2% in 2026.[37]
  • 32.9% of agricultural equipment dealers forecast used-equipment sales declines of at least 2% in 2026.[37]
  • 2% to 4% was the expected 2026 price increase range cited by a farm-machinery market expert for new equipment.[44]

12 Statistics

Product & Service

Aftermarket and smart-machine connectivity appear in service economics, including 3,606 engines remanufactured by AGCO in 2025.

Product development in the agricultural manufacturing industry

  • 235 new patent applications were filed by AGCO in 2025 worldwide.[13]
  • $488 million was invested in research, development and engineering by AGCO in 2025 worldwide.[13]
  • Farm-machinery companies in a USDA sample reported research intensities of 2.1% to 3.7% of farm and nonfarm machinery sales in 2006 worldwide.[45]
  • 47% of AGCO’s engineering research and development spending went to smart machines and clean technology in 2025 worldwide.[13]
  • 188 research studies were carried out by AGCO worldwide in 2025.[13]

Product lifecycle in the agricultural manufacturing industry

  • Hundreds of transmissions per year was the remanufacturing capacity of AGCO’s 1,750-square-metre transmission facility in 2025.[13]
  • $129 million in remanufacturing revenue was generated by AGCO in 2025 worldwide.[13]
  • 3,606 engines were remanufactured by AGCO in 2025 worldwide.[13]
  • 17% of 157 machinery companies surveyed in Europe undertook remanufacturing activities.[46]

After-sales in the agricultural manufacturing industry

  • 56% of Australian agricultural-machinery purchasers used the selling dealer for servicing during the warranty period.[47]
  • 76% of Australian agricultural-machinery purchasers used the selling dealer for repairs during the warranty period.[47]
  • 2,700 independent dealers and distributors in approximately 140 countries distributed most AGCO products in 2024.[48]
  • $720 million was the estimated Australian agricultural-machinery repair and maintenance market in 2018.[49]

Value proposition in the agricultural manufacturing industry

  • 88% of AGCO’s production-agriculture fleet retailed in 2025 was connected, supporting digitally enabled farm services worldwide.[13]
  • 61% of U.S. farmers used digital agronomy technology in 2024, according to a farmer survey relevant to agricultural-equipment value propositions.[4]
  • 51% of U.S. farmers used precision-agriculture hardware in 2024.[4]
  • $10.1 billion was AGCO’s total revenue in 2025 from agricultural machinery, technology and related offerings worldwide.[13]

13 Statistics

Sustainability & Ethics

Connected fleets and remanufacturing show recurring sustainability ties, and AGCO reports 88% of its production-agriculture fleet retailed in 2025 as connected.

Sustainability in the agricultural manufacturing industry

  • 47% of AGCO’s engineering research and development spending went to smart machines and clean technology in 2025.[13]
  • About 11% of EU farms used soil analysis as a precision-farming practice in 2023.[1]
  • About 18% of EU farms applied at least one precision-farming technology or practice in 2023.[1]
  • 88% of AGCO’s production-agriculture fleet retailed in 2025 was connected, enabling digitally supported resource-efficiency services.[13]

Circular economy in the agricultural manufacturing industry

  • $129 million in remanufacturing revenue was generated by AGCO in 2025.[13]
  • 3,606 engines were remanufactured by AGCO in 2025.[13]
  • 4% of machinery-sector OEM turnover in the European survey came from remanufacturing activities.[46]
  • 15% of 112 machinery-sector OEMs surveyed in Europe were involved in remanufacturing activities.[46]

Carbon footprint in the agricultural manufacturing industry

  • 9.8 million tonnes of CO2-equivalent were emitted annually by machinery, engines and boilers used across French agriculture during 2014–2022.[50]
  • 0.92 million tonnes of CO2-equivalent would have resulted from thermal tractors and associated equipment for the studied 7.3 million hectares in France over one year.[50]
  • Agricultural machinery could contribute approximately 21% of China’s total CO2 emissions in 2050 under the study’s dual-carbon goal scenario.[51]
  • 213.6 million tonnes of CO2 emissions from agricultural machinery in China could occur annually in 2050 under an unabated scenario.[51]

15 Statistics

Globalization & Expansion

Distribution reach and partner networks stay a core operating dimension, including CNH Agriculture’s dealer network and sales locations across markets.

Globalization in the agricultural manufacturing industry

  • More than 100 countries were served by Syngenta Seeds’ agricultural seed business.[16]
  • More than 2,500 dealer owners and 6,000 points of sale formed CNH Agriculture’s dealer network in 2024.[57]
  • $17.06 billion was CNH Industrial’s 2024 net revenue from Industrial Activities globally.[57]
  • $28.8 billion was Syngenta Group’s 2024 sales across its global agricultural technology businesses.[16]

Cultural adaptation in the agricultural manufacturing industry

  • More than 150 Syngenta Seeds research and production sites collaborated with local growers, universities and scientists.[16]
  • 51,000+ production growers in 26 countries partnered with Syngenta Seeds to produce seed demand.[16]
  • 300+ active ingredients were used by ADAMA to formulate crop-protection products for customers across major agricultural markets.[16]
  • 3,860 farmers were surveyed in Syngenta’s 2024 sustainability data collection for China agriculture programs.[16]

Supplier management in the agricultural manufacturing industry

  • 6,000 CNH Agriculture dealer and sales locations supported equipment distribution and after-sales service in 2024.[57]
  • 49% of reviewed agri-food sustainability reports highlighted structured mechanisms for managing supplier relationships, risk and compliance.[50]
  • 15% of agricultural-products and commodities companies in the reviewed reports disclosed complaint and non-compliance management mechanisms.[50]
  • 51,000+ production growers supplied Syngenta Seeds through partnerships spanning 26 countries.[16]

Stakeholder management in the agricultural manufacturing industry

  • 12,000 Syngenta Seeds employees served farmers, retailers, commercial growers and licensees in more than 100 countries.[16]
  • 51,000+ production growers were stakeholders in Syngenta Seeds’ production network across 26 countries.[16]
  • 3,860 farmers contributed data to Syngenta’s 2024 sustainability measurement for productivity, efficiency, carbon intensity and farm income.[16]
  • 1.9 million farmers were supported by two agricultural finance intermediaries in Syngenta Foundation for Sustainable Agriculture’s 2023 report.[16]

Distribution channels in the agricultural manufacturing industry

  • 54.4% was the average share of sales made through dealers by participating equipment manufacturers in the 2015 NAFEM study.[58]
  • 16.8% was the average share of sales made through distributors by participating equipment manufacturers in the 2015 NAFEM study.[58]
  • 43.3% of agricultural equipment manufacturers surveyed in 2019 sold directly to dealers.[33]
  • 20.1% was the average share of sales made directly by participating equipment manufacturers in the 2015 NAFEM study.[58]

Key questions about the agricultural manufacturing industry

What is the global market size for agricultural manufacturing in 2025?
The global agricultural equipment market was estimated at $176.0 billion in 2025 for farm machinery and equipment manufacturing.
How fast is the agricultural equipment market expected to grow from 2026 to 2033?
Global agricultural equipment revenue is projected to increase from $183.9 billion in 2026 to $295.3 billion by 2033, representing a 7.0% compound annual growth rate.
Which companies lead the agricultural manufacturing industry?
Mahindra & Mahindra stands out for tractors and farm machinery because it identifies itself as the world's largest tractor company by volume, while Corteva is the pick for seeds and crop protection since it reported 2025 Seed sales of $9.898 billion and Crop Protection sales of $7.503 billion.
What technology shifts are showing measurable adoption in EU agriculture?
In 2023, about 18% of EU farms applied at least one precision-farming technology or practice, while 7% of EU farms used robotics capable of autonomous operation without direct human intervention.
How concentrated is the agricultural equipment manufacturing market?
Industry concentration is strongest in large-equipment categories and regional dealer networks, but no reliable current global concentration ratio was identified.
What cost and price pressures are relevant in the U.S. market?
U.S. producer prices for agricultural machinery and equipment increased 2.1% year over year in August 2026, while the index rose 0.5% month over month.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 11). Agricultural Manufacturing Industry Statistics. Gitnux. https://gitnux.org/agricultural-manufacturing-industry-statistics
MLA
Samuel Norberg. "Agricultural Manufacturing Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/agricultural-manufacturing-industry-statistics.
Chicago
Samuel Norberg. 2026. "Agricultural Manufacturing Industry Statistics." Gitnux. https://gitnux.org/agricultural-manufacturing-industry-statistics.

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