GITNUXREPORT 2026

Farm Equipment Sales Statistics

Global farm equipment sales grew in 2023, driven by strong demand and new precision farming technology.

Jannik Lindner

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: Feb 13, 2026

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Statistic 1

US tractor sales by horsepower: under 40HP at 45,200 units (20%), 40-100HP at 112,000 (49%), over 100HP at 71,300 (31%) in 2023

Statistic 2

Global combine harvester sales: 45,000 units in 2023, average price $450,000, led by axial-flow models

Statistic 3

Planters and seeders sales worldwide: $12.4 billion in 2023, precision models 62% share

Statistic 4

Sprayers market: self-propelled units sold 28,500 globally in 2023, $8.2 billion revenue

Statistic 5

Telehandlers sales: 62,000 units in 2023, Europe 55% share at $4.9 billion

Statistic 6

Forage harvesters: 9,800 units sold globally in 2023, self-propelled 72%, $2.1 billion

Statistic 7

Balers sales volume: 145,000 units in 2023, round balers 68%, $3.7 billion total

Statistic 8

Tillage equipment: plows and cultivators $6.5 billion in 2023, no-till 41% adoption

Statistic 9

Irrigation systems sales: drip and pivot $15.3 billion globally 2023, +11% growth

Statistic 10

Hay equipment (mowers/rakes): $2.8 billion sales in 2023, disc mowers up 15%

Statistic 11

In 2023, global farm equipment sales reached $145.2 billion, marking a 4.7% increase from 2022 driven by precision agriculture tech adoption

Statistic 12

US farm tractor sales totaled 228,500 units in 2023, up 12% YoY due to favorable commodity prices

Statistic 13

European combine harvester sales hit €8.9 billion in 2022, boosted by EU subsidies for modern machinery

Statistic 14

Asia-Pacific farm equipment market grew at 6.2% CAGR from 2018-2023, reaching $52.3 billion, led by India's mechanization push

Statistic 15

Brazil's farm equipment sales surged 15.3% in 2023 to $12.1 billion, fueled by soybean harvest expansion

Statistic 16

Worldwide used farm equipment sales accounted for 38% of total volume in 2023, valued at $55.4 billion

Statistic 17

Precision ag equipment sales globally increased 22% to $18.7 billion in 2023, per AEM data

Statistic 18

Farm equipment aftermarket parts sales hit $42.6 billion globally in 2022, growing 5.1% YoY

Statistic 19

Rental and leasing of farm equipment generated $9.8 billion in global revenue in 2023, up 8%

Statistic 20

Electric and autonomous farm tractors sales reached 1,200 units worldwide in 2023, a 45% jump

Statistic 21

In 2023, global farm equipment sales reached $145.2 billion, marking a 4.7% increase from 2022 driven by precision agriculture tech adoption

Statistic 22

US farm tractor sales totaled 228,500 units in 2023, up 12% YoY due to favorable commodity prices

Statistic 23

European combine harvester sales hit €8.9 billion in 2022, boosted by EU subsidies for modern machinery

Statistic 24

Asia-Pacific farm equipment market grew at 6.2% CAGR from 2018-2023, reaching $52.3 billion, led by India's mechanization push

Statistic 25

Brazil's farm equipment sales surged 15.3% in 2023 to $12.1 billion, fueled by soybean harvest expansion

Statistic 26

Worldwide used farm equipment sales accounted for 38% of total volume in 2023, valued at $55.4 billion

Statistic 27

Precision ag equipment sales globally increased 22% to $18.7 billion in 2023, per AEM data

Statistic 28

Farm equipment aftermarket parts sales hit $42.6 billion globally in 2022, growing 5.1% YoY

Statistic 29

Rental and leasing of farm equipment generated $9.8 billion in global revenue in 2023, up 8%

Statistic 30

Electric and autonomous farm tractors sales reached 1,200 units worldwide in 2023, a 45% jump

Statistic 31

John Deere held 52% US tractor market share in 2023 with 118,900 units sold

Statistic 32

CNH Industrial's global combine sales: 12,400 units in 2023, 28% market share

Statistic 33

Kubota's compact tractor sales: 210,000 units worldwide 2023, 35% in Asia

Statistic 34

AGCO's high-horsepower tractor revenue: $4.2 billion in 2023, 22% growth

Statistic 35

Claas Group's forage harvester sales: 2,800 units in 2023, 41% Europe share

Statistic 36

Mahindra's India tractor sales: 420,000 units in FY2023, 42% domestic market share

Statistic 37

Fendt (AGCO) premium tractor sales: 18,500 units 2023, average price €250,000

Statistic 38

Case IH sprayer sales: 8,200 units globally 2023, Patriot series 65%

Statistic 39

New Holland baler market share: 29% in round balers with 42,000 units 2023

Statistic 40

Massey Ferguson (AGCO) sales in Africa: 15,200 tractors 2023, 18% regional share

Statistic 41

North American farm equipment sales totaled $38.4 billion in 2023, with tractors comprising 45%

Statistic 42

In the EU, Germany led with 28,400 new tractor registrations in 2023, up 7% from 2022

Statistic 43

China's farm machinery sales volume was 5.2 million units in 2023, valued at ¥320 billion

Statistic 44

India's tractor sales peaked at 950,000 units in FY2023, generating ₹85,000 crore in revenue

Statistic 45

Australia's farm equipment market size was AUD 4.2 billion in 2023, with combines up 10%

Statistic 46

Argentina's planter and seeder sales rose 18% to 12,500 units in 2023 amid corn boom

Statistic 47

Canadian hay and forage equipment sales hit CAD 1.1 billion in 2023, +9% YoY

Statistic 48

South Africa's tractor imports reached 7,200 units in 2023, valued at ZAR 2.8 billion

Statistic 49

Russia's combine sales dropped 22% to 4,100 units in 2023 due to sanctions

Statistic 50

Mexico's irrigation equipment sales grew 14% to $850 million in 2023

Statistic 51

North American farm equipment sales totaled $38.4 billion in 2023, with tractors comprising 45%

Statistic 52

In the EU, France recorded 32,100 tractor sales in 2023, +5% from prior year

Statistic 53

China's subsidized farm machinery purchases: 1.8 million units in 2023 worth ¥120 billion

Statistic 54

India's sub-compact tractor sales: 180,000 units in FY2023, 19% of total tractors

Statistic 55

Australia's self-propelled sprayer sales: 1,200 units in 2023, AUD 450 million revenue

Statistic 56

Argentina's no-till seeders sales: 8,900 units in 2023, 75% market adoption

Statistic 57

Canadian large square baler sales: CAD 180 million in 2023, +13% YoY

Statistic 58

South Africa's combine harvester sales: 450 units in 2023, ZAR 1.2 billion value

Statistic 59

Russia's tractor production and sales: 28,000 units in 2023, down 15% due to parts shortages

Statistic 60

Mexico's tractor sales: 22,500 units in 2023, up 9% with utility models leading

Statistic 61

Farm equipment market projected to reach $192 billion globally by 2028 at 5.1% CAGR from 2023

Statistic 62

Precision farming tech integration expected to drive 25% of sales growth by 2030, valued at $45 billion

Statistic 63

Autonomous tractor adoption forecasted at 15% market penetration by 2027, sales 50,000 units annually

Statistic 64

Electric farm equipment sales projected to grow 32% CAGR to $12 billion by 2030

Statistic 65

Sustainable tillage equipment demand up 18% annually through 2028, $10.5 billion market

Statistic 66

Drone and robotics in spraying: $3.2 billion by 2026, 28% CAGR from 2023

Statistic 67

Used equipment market to expand 7% YoY to $85 billion by 2027 amid supply chain issues

Statistic 68

Asia tractor sales forecast: 1.2 million units annually by 2025, China/India 80%

Statistic 69

Rental market for large equipment to hit $15 billion globally by 2030, +9% CAGR

Statistic 70

US row crop heads sales to grow 12% to $2.1 billion by 2025 with bigger combines

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From the $145.2 billion global market surge to the quiet revolution of electric and autonomous machines, farm equipment sales in 2023 reveal an industry rapidly transforming through technology and regional growth.

Key Takeaways

In 2023, global farm equipment sales reached $145.2 billion, marking a 4.7% increase from 2022 driven by precision agriculture tech adoption
US farm tractor sales totaled 228,500 units in 2023, up 12% YoY due to favorable commodity prices
European combine harvester sales hit €8.9 billion in 2022, boosted by EU subsidies for modern machinery
North American farm equipment sales totaled $38.4 billion in 2023, with tractors comprising 45%
In the EU, Germany led with 28,400 new tractor registrations in 2023, up 7% from 2022
China's farm machinery sales volume was 5.2 million units in 2023, valued at ¥320 billion
US tractor sales by horsepower: under 40HP at 45,200 units (20%), 40-100HP at 112,000 (49%), over 100HP at 71,300 (31%) in 2023
Global combine harvester sales: 45,000 units in 2023, average price $450,000, led by axial-flow models
Planters and seeders sales worldwide: $12.4 billion in 2023, precision models 62% share
John Deere held 52% US tractor market share in 2023 with 118,900 units sold
CNH Industrial's global combine sales: 12,400 units in 2023, 28% market share
Kubota's compact tractor sales: 210,000 units worldwide 2023, 35% in Asia
Farm equipment market projected to reach $192 billion globally by 2028 at 5.1% CAGR from 2023
Precision farming tech integration expected to drive 25% of sales growth by 2030, valued at $45 billion
Autonomous tractor adoption forecasted at 15% market penetration by 2027, sales 50,000 units annually

Global farm equipment sales grew in 2023, driven by strong demand and new precision farming technology.

Equipment Type Breakdown

US tractor sales by horsepower: under 40HP at 45,200 units (20%), 40-100HP at 112,000 (49%), over 100HP at 71,300 (31%) in 2023
Global combine harvester sales: 45,000 units in 2023, average price $450,000, led by axial-flow models
Planters and seeders sales worldwide: $12.4 billion in 2023, precision models 62% share
Sprayers market: self-propelled units sold 28,500 globally in 2023, $8.2 billion revenue
Telehandlers sales: 62,000 units in 2023, Europe 55% share at $4.9 billion
Forage harvesters: 9,800 units sold globally in 2023, self-propelled 72%, $2.1 billion
Balers sales volume: 145,000 units in 2023, round balers 68%, $3.7 billion total
Tillage equipment: plows and cultivators $6.5 billion in 2023, no-till 41% adoption
Irrigation systems sales: drip and pivot $15.3 billion globally 2023, +11% growth
Hay equipment (mowers/rakes): $2.8 billion sales in 2023, disc mowers up 15%

Equipment Type Breakdown Interpretation

The numbers tell a tale of two farms: one where versatile workhorses under 100 horsepower do the heavy democratic lifting in sheer volume, and another where the high-stakes, million-dollar chess game of feeding the world is played with increasingly surgical combines, planters, and sprayers.

Global Market Overview

In 2023, global farm equipment sales reached $145.2 billion, marking a 4.7% increase from 2022 driven by precision agriculture tech adoption
US farm tractor sales totaled 228,500 units in 2023, up 12% YoY due to favorable commodity prices
European combine harvester sales hit €8.9 billion in 2022, boosted by EU subsidies for modern machinery
Asia-Pacific farm equipment market grew at 6.2% CAGR from 2018-2023, reaching $52.3 billion, led by India's mechanization push
Brazil's farm equipment sales surged 15.3% in 2023 to $12.1 billion, fueled by soybean harvest expansion
Worldwide used farm equipment sales accounted for 38% of total volume in 2023, valued at $55.4 billion
Precision ag equipment sales globally increased 22% to $18.7 billion in 2023, per AEM data
Farm equipment aftermarket parts sales hit $42.6 billion globally in 2022, growing 5.1% YoY
Rental and leasing of farm equipment generated $9.8 billion in global revenue in 2023, up 8%
Electric and autonomous farm tractors sales reached 1,200 units worldwide in 2023, a 45% jump
In 2023, global farm equipment sales reached $145.2 billion, marking a 4.7% increase from 2022 driven by precision agriculture tech adoption
US farm tractor sales totaled 228,500 units in 2023, up 12% YoY due to favorable commodity prices
European combine harvester sales hit €8.9 billion in 2022, boosted by EU subsidies for modern machinery
Asia-Pacific farm equipment market grew at 6.2% CAGR from 2018-2023, reaching $52.3 billion, led by India's mechanization push
Brazil's farm equipment sales surged 15.3% in 2023 to $12.1 billion, fueled by soybean harvest expansion
Worldwide used farm equipment sales accounted for 38% of total volume in 2023, valued at $55.4 billion
Precision ag equipment sales globally increased 22% to $18.7 billion in 2023, per AEM data
Farm equipment aftermarket parts sales hit $42.6 billion globally in 2022, growing 5.1% YoY
Rental and leasing of farm equipment generated $9.8 billion in global revenue in 2023, up 8%
Electric and autonomous farm tractors sales reached 1,200 units worldwide in 2023, a 45% jump

Global Market Overview Interpretation

The data reveals a global agricultural machinery sector that is, like a well-tended field, simultaneously rooting itself in the robust, familiar soil of traditional sales while actively cultivating a high-tech, multi-faceted harvest of precision systems, rentals, and electrified futures.

Manufacturer Insights

John Deere held 52% US tractor market share in 2023 with 118,900 units sold
CNH Industrial's global combine sales: 12,400 units in 2023, 28% market share
Kubota's compact tractor sales: 210,000 units worldwide 2023, 35% in Asia
AGCO's high-horsepower tractor revenue: $4.2 billion in 2023, 22% growth
Claas Group's forage harvester sales: 2,800 units in 2023, 41% Europe share
Mahindra's India tractor sales: 420,000 units in FY2023, 42% domestic market share
Fendt (AGCO) premium tractor sales: 18,500 units 2023, average price €250,000
Case IH sprayer sales: 8,200 units globally 2023, Patriot series 65%
New Holland baler market share: 29% in round balers with 42,000 units 2023
Massey Ferguson (AGCO) sales in Africa: 15,200 tractors 2023, 18% regional share

Manufacturer Insights Interpretation

In the grand theater of global agriculture, John Deere plays the commanding lead on the American tractor stage, while Kubota and Mahindra dominate the compact and Indian acts respectively, with premium brands like Fendt taking the high-priced balcony seats, proving that feeding the world is an expensive, fragmented, and highly competitive drama.

Regional Sales Data

North American farm equipment sales totaled $38.4 billion in 2023, with tractors comprising 45%
In the EU, Germany led with 28,400 new tractor registrations in 2023, up 7% from 2022
China's farm machinery sales volume was 5.2 million units in 2023, valued at ¥320 billion
India's tractor sales peaked at 950,000 units in FY2023, generating ₹85,000 crore in revenue
Australia's farm equipment market size was AUD 4.2 billion in 2023, with combines up 10%
Argentina's planter and seeder sales rose 18% to 12,500 units in 2023 amid corn boom
Canadian hay and forage equipment sales hit CAD 1.1 billion in 2023, +9% YoY
South Africa's tractor imports reached 7,200 units in 2023, valued at ZAR 2.8 billion
Russia's combine sales dropped 22% to 4,100 units in 2023 due to sanctions
Mexico's irrigation equipment sales grew 14% to $850 million in 2023
North American farm equipment sales totaled $38.4 billion in 2023, with tractors comprising 45%
In the EU, France recorded 32,100 tractor sales in 2023, +5% from prior year
China's subsidized farm machinery purchases: 1.8 million units in 2023 worth ¥120 billion
India's sub-compact tractor sales: 180,000 units in FY2023, 19% of total tractors
Australia's self-propelled sprayer sales: 1,200 units in 2023, AUD 450 million revenue
Argentina's no-till seeders sales: 8,900 units in 2023, 75% market adoption
Canadian large square baler sales: CAD 180 million in 2023, +13% YoY
South Africa's combine harvester sales: 450 units in 2023, ZAR 1.2 billion value
Russia's tractor production and sales: 28,000 units in 2023, down 15% due to parts shortages
Mexico's tractor sales: 22,500 units in 2023, up 9% with utility models leading

Regional Sales Data Interpretation

The global farm equipment market is a fascinatingly diverse and volatile beast, where Germany's steady tractor progress meets Russia's sanctioned stumbles, India's massive volume grinds against Australia's high-value sprayers, and China's subsidized push underscores a universal truth: feeding the world is a phenomenally expensive and mechanically intricate business.

Trends and Projections

Farm equipment market projected to reach $192 billion globally by 2028 at 5.1% CAGR from 2023
Precision farming tech integration expected to drive 25% of sales growth by 2030, valued at $45 billion
Autonomous tractor adoption forecasted at 15% market penetration by 2027, sales 50,000 units annually
Electric farm equipment sales projected to grow 32% CAGR to $12 billion by 2030
Sustainable tillage equipment demand up 18% annually through 2028, $10.5 billion market
Drone and robotics in spraying: $3.2 billion by 2026, 28% CAGR from 2023
Used equipment market to expand 7% YoY to $85 billion by 2027 amid supply chain issues
Asia tractor sales forecast: 1.2 million units annually by 2025, China/India 80%
Rental market for large equipment to hit $15 billion globally by 2030, +9% CAGR
US row crop heads sales to grow 12% to $2.1 billion by 2025 with bigger combines

Trends and Projections Interpretation

While the humble tractor isn't about to ask for an existential chat over coffee, the global farm equipment market is soberly transforming from a simple iron horse trade into a high-stakes, $192 billion arena where Silicon Valley's precision drones, quiet electric motors, and autonomous systems are steadily out-plowing the old guard.