The Australia Agricultural Machinery Market report segments the industry into Tractors (Horsepower, Utility Type), Ploughing And Cultivating Machinery (Ploughs, Harrows, Cultivators And Tillers, Other Planting And Cultivating Machinery), Planting Machinery (Seed Drills, Planters, Spreaders, and more), Harvesting Machinery, Haying And Forage Machinery, Irrigation Machinery, and Other Types.

Australia Farm Equipment Market was valued at USD 586.25 million in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 4.24% through 2029.

The total market size for agricultural equipment in Australia has fallen steadily over the past three years from a high of approximately *** billion U.S. dollars in 2018 to approximately *** billion U.S. dollars in 2020. Figures are expected to rebound slightly, however, with a total market size of roughly *** billion U.S. dollars forecast for 2021.

The Australia agricultural machinery market size reached a value of approximately USD 3.22 Billion in 2024. The market is assessed to grow at a CAGR of 7.70% between 2025 and 2034, reaching a value of nearly USD 6.76 Billion by 2034.

The Australia agricultural equipment market is expected to grow with more than 6% CAGR from 2024 to 2029.

The Asia-Pacific Agricultural Machinery Market Report is Segmented Into Product Type (Tractors, Ploughing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying Machinery, Irrigation Machinery, and Other Product Types) and Geography (China, Japan, India, Australia, and Rest of Asia-Pacific). The Report Offers Market Estimation and Forecasts in Value (USD) for all the Above Segments.

This statistic shows the revenue of the industry “Agricultural Machinery and Equipment Manufacturing“ in Australia from 2011 to 2017, with a forecast to 2023. It is projected that the revenue of Agricultural Machinery and Equipment Manufacturing in Australia will amount to approximately ******* million U.S. Dollars by 2023.

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Farm Equipment Market Size 2024-2028

The farm equipment market size is forecast to increase by USD 41.12 billion, at a CAGR of 5.47% between 2023 and 2028.

The market is witnessing significant growth, driven by the increasing adoption of precision farming technologies. This trend is particularly noticeable among small and private farm owners, who are increasingly adopting small tractors for vineyards, orchards, and other agricultural applications. However, the high initial investment required to acquire farm equipment poses a significant challenge for market growth. This investment barrier is further compounded by the need for continuous upgrades to keep pace with technological advancements. Despite these challenges, the market offers substantial opportunities for companies that can provide cost-effective and innovative solutions to help farmers optimize their operations and enhance productivity.
The integration of advanced technologies, such as automation, IoT, and AI, into farm equipment is expected to be a key growth driver, enabling farmers to make data-driven decisions and improve overall efficiency. Companies that can effectively address the investment challenge and provide value-added services, such as financing options and maintenance programs, will be well-positioned to capitalize on the market's potential.

What will be the Size of the Farm Equipment Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the ongoing pursuit of improved soil health, water management, and crop productivity. Farmers employ various techniques such as crop rotation, livestock equipment integration, and the adoption of combine harvesters for efficient harvesting. Farm management software and precision agriculture solutions facilitate data analysis and acquisition, enabling farmers to optimize yield monitoring, crop scouting, carbon sequestration, and variable rate application. The transition to sustainable agriculture practices, including no-till farming, organic farming, and conservation tillage, necessitates specialized equipment like grain drills, soil preparation tools, and manure spreaders. Vertical farming and greenhouse technology provide alternative farming solutions, while farm mechanization advances with the development of autonomous tractors, agricultural robotics, and emissions reduction technologies.

Farmers also focus on energy efficiency, fuel consumption reduction, and the implementation of irrigation systems and GPS guidance. Farm insurance and agricultural finance solutions offer risk management and financial support. Animal health and housing, forage harvesters, and feeding systems cater to livestock farming operations. The integration of these technologies and practices fosters a dynamic market, as farmers continually adapt to optimize their operations and address the unique challenges of their land and livestock.

How is this Farm Equipment Industry segmented?

The farm equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Manual
  Semi automatic
  Automatic


Product

  Implement
  Combines
  Sprayer
  Baler


Geography

  North America

    US


  Europe

    France


  APAC

    Australia
    China


  South America

    Brazil


  Rest of World (ROW)

.

By Type Insights

The manual segment is estimated to witness significant growth during the forecast period.

The market encompasses a wide range of tools and technologies that significantly contribute to agricultural productivity and sustainability. Soil health is a key focus, with water management solutions, such as irrigation systems and drainage systems, ensuring optimal crop growth. Crop rotation and livestock equipment are essential for maintaining soil fertility and diversifying farming operations. In the harvesting sector, combine harvesters and forage harvesters streamline the process, while farm management software facilitates data analysis and precision farming. Vertical farming and greenhouse technology promote year-round production and resource efficiency. Farm mechanization, including GPS guidance and automated steering, enhances productivity and reduces fuel consumption.

Farm insurance and agricultural finance offer risk management solutions for farmers. No-till farming and conservation tillage practices, such as carbon sequestration and variable rate application, promote sustainable agriculture. Milking machines, animal housing, and feeding systems cater to livestock management. Precision agriculture, employing yield monitoring, crop scouting, and emissions re

The Australia Agricultural Machinery Market size was valued at USD 4.11 Million in 2023 and is projected to reach USD 7.14 Million by 2032, exhibiting a CAGR of 8.20 % during the forecasts periods. The surge is driven by several factors: Recent developments include: August 2023: John Deere launched John Deere 1 Series Round Balers in the Australian market. It has the Bale Doc technology to document bale moisture and weight in near real-time., August 2022: John Deere launched a 9000 Series Self-Propelled Forage Harvester to deliver more power, precision, and productivity and provide farmers and contractors with 10% more productivity and 10% less fuel usage per ton harvested., May 2022: John Deere introduced a new range of P600 Precision Air Hoe drills to deliver up to a 15.5% larger working width and 24% weight reduction compared to the P500 to decrease compaction, labor time, and fuel consumption while optimizing productivity and seed to soil contact.. Key drivers for this market are: Declining Labour Availability and Rising Cost of Farm Labour, Rapid Technological Advancements by Key Players. Potential restraints include: High Cost of Agricultural Machinery and Repair, Data Privacy Concerns in Modern Farming. Notable trends are: Rising Preference for Farm Mechanization.

Market Size statistics on the Agricultural Machinery Manufacturing industry in Australia

Farm and Construction Machinery Wholesalers have experienced varied market conditions over the past five years. Despite unpredictable weather patterns, increased need for agricultural produce has grown demand from the agriculture sector, fuelling demand for farming equipment. Conversely, demand from the building construction sector has declined. This drop is primarily attributed to a downturn in residential construction activity, as high inflation and rising cost-of-living pressures deter individuals from buying or developing properties. The heavy and civil engineering construction market has also seen fluctuations, but has generally trended upwards. Industry revenue is expected to remain relatively stable at $27.8 billion, with no change over the five years through 2023-24. This includes an anticipated fall of 4.4% in the 2023-24. The COVID-19 pandemic adversely impacted the household and private sector, leading to stagnating construction activity and declining new dwelling commencements. In response, the Australian government expedited numerous infrastructure projects to facilitate economic recovery. This surge in large-scale projects benefited construction machinery wholesalers, elevating demand for heavy and civil engineering products and supporting industry profitability. Industry revenue is forecast to inch upwards at an annualised 0.3% over the five years through 2028-29, to reach $28.2 billion. Increasing residential construction activity to support Australia’s rising population will benefit the industry. Private capital expenditure on machinery and equipment is also set to climb over the coming years, as investment in construction projects and demand for construction machinery rises. Despite escalating construction activity, wholesale bypass and vertical integration trends will dampen industry growth.

The report on Australia Agricultural Machinery covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

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Agricultural Machinery Market Size 2025-2029

The agricultural machinery market size is forecast to increase by USD 50 billion, at a CAGR of 5.5% between 2024 and 2029.

The market is experiencing significant growth, driven by various factors. Notably, government subsidies aimed at promoting the agricultural sector have fueled the demand for advanced machinery. Farmers are increasingly investing in modern agricultural equipment to enhance productivity and efficiency. Another key trend is the rising popularity of small tractors, which cater to the needs of small and medium-sized farms. This segment is witnessing robust growth due to its affordability and versatility. However, the market also faces several challenges. One major obstacle is the high initial investment required for purchasing agricultural machinery. This can limit the adoption of advanced technology among small-scale farmers. Additionally, the lack of skilled labor and maintenance facilities in rural areas can hinder the effective use and longevity of these machines. Companies seeking to capitalize on market opportunities must address these challenges by offering flexible financing options, training programs for farmers, and establishing robust after-sales support networks. By doing so, they can effectively navigate the complexities of the market and secure a competitive edge.

What will be the Size of the Agricultural Machinery Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and shifting market dynamics. Soil sensors and precision farming techniques are revolutionizing crop management, providing real-time data for optimized irrigation and nutrient application. Baling presses and grain storage solutions are adapting to meet emission standards, ensuring sustainable agricultural practices. Attachment compatibility and service networks are becoming increasingly important for seamless integration of various machinery components. Variable rate technology and material sourcing are streamlining farming operations, while irrigation systems and precision farming methods are enhancing crop yields. Manufacturing processes are leveraging machine learning and AI to improve efficiency and reduce operating costs. The market's unfolding patterns are also influencing financing options and farm management software, enabling farmers to make data-driven decisions. Fuel efficiency and engine power are key considerations for machinery selection, as is data security and maintenance cost. Agricultural drones and GPS guidance are transforming remote sensing and field monitoring, while safety features and hydraulic systems are ensuring operator comfort and machine reliability. The ongoing evolution of agricultural machinery is shaping the industry, with continuous innovation in power transmission, dealer support, and parts distribution.

How is this Agricultural Machinery Industry segmented?

The agricultural machinery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeTractorsHarvesting machineryHaying machineryPlanting and fertilizing machineryPlowing and cultivating machineryApplicationLand development and seedbed preparationSowing and plantingHarvesting and threshingOthersGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACAustraliaChinaIndiaJapanSouth KoreaRest of World (ROW)

By Type Insights

The tractors segment is estimated to witness significant growth during the forecast period.The market encompasses a range of equipment essential for modern farming operations. Forage harvesters, seed drills, and grain dryers are among the key machinery types. Smart farming practices, such as precision seeding, yield monitoring, and variable rate technology, are increasingly adopted to optimize crop production. Aftermarket parts and dealer support ensure the longevity of machinery, while remote sensing and connected agriculture enable real-time monitoring and data analytics. Power transmission systems, engine technology, and fuel efficiency are critical factors influencing machinery performance and operating costs. Financing options and farm management software facilitate equipment acquisition and streamline operations. Emission standards and safety features are crucial considerations for manufacturers. Soil sensors, irrigation systems, and material sourcing are integral to optimizing farm productivity. Manufacturing processes, parts distribution, and service networks ensure efficient machinery production and maintenance. Machine learning and AI in agriculture enhance productivity and reduce labor requirements. Fuel

Comprehensive dataset of 200 Agricultural machinery manufacturers in Australia as of June, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Operators in this industry are primarily engaged in the repair and maintenance of agricultural machinery and equipment.

Comprehensive dataset of 29 Agricultural machinery manufacturers in Western Australia, Australia as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 21 Agricultural machinery manufacturers in South Australia, Australia as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Agricultural Machinery in Australia Market size was valued at USD 4.11 Billion in 2023 and is projected to reach USD 6.68 Billion by 2031, growing at a CAGR of 8.20% from 2024 to 2031.

Key Market Drivers: Technological Advancements and Automation: One of the key market drivers is the incorporation of modern technologies such as GPS-guided systems, drones, and data analytics into machinery. Precision farming and automation are becoming increasingly important for improving crop yields and managing resources efficiently.

The Latin American agricultural machinery market, valued at $8.4 billion in 2025, is projected to experience robust growth, driven by several key factors. Increased government support for agricultural modernization across countries like Brazil, Argentina, and Mexico is fueling demand for advanced machinery. Furthermore, a rising focus on improving crop yields and efficiency, coupled with the expansion of large-scale farming operations, is significantly impacting market dynamics. Technological advancements, including the incorporation of precision farming techniques and automation, are also contributing to this growth. The market is segmented by machinery type (tractors, harvesting equipment, irrigation systems, etc.) and engine power, with tractors accounting for a significant share. While challenges exist, such as economic volatility in certain regions and potential infrastructure limitations, the overall outlook remains positive, driven by the increasing adoption of modern farming practices and rising agricultural output in the region. The market's segmentation reveals valuable insights. Tractors, particularly those in the 41-150 HP range, dominate the market due to their suitability for diverse farming operations. The demand for irrigation machinery, especially drip irrigation systems, is experiencing a surge, reflecting a growing emphasis on water conservation and efficient resource utilization. Similarly, the harvesting machinery segment is witnessing steady growth, driven by the need for increased efficiency in post-harvest operations. Geographical variations are significant, with Brazil, Argentina, and Mexico representing the largest markets, owing to their extensive agricultural lands and established farming infrastructure. While smaller countries like Peru and Chile contribute substantially, the "Rest of Latin America" segment demonstrates considerable growth potential as agricultural modernization expands further. Competitive forces are intense, with both global players like Deere & Company and AGCO Corporation, and local manufacturers vying for market share. Recent developments include: August 2023: Mahindra and Mahindra Ltd launched four revolutionary OJA tractor platforms in Brazil with the mission of transforming farming. The OJA is Mahindra’s most ambitious lightweight tractor platform, developed in collaboration with Mitsubishi Mahindra Agriculture Machinery, Japan, at an investment of USD 145 million. OJA was expected to be launched in India, North America, Japan, ASEAN, Australia, South Africa, Europe, and the SAARC region.February 2022: John Deere announced the selection of new companies for its Startup Collaborator program, which sought to deepen the relationship of the multinational with innovative emerging companies, boosting new technology solutions for Argentina's agriculture machinery in the field of farm operations.. Key drivers for this market are: Increase in Area Harvested in Latin America, Rising Farm Labor Cost is Driving The Market; Government policies fueling the market. Potential restraints include: Increase in Area Harvested in Latin America, Rising Farm Labor Cost is Driving The Market; Government policies fueling the market. Notable trends are: Increase in Area Harvested in Latin America.

The global almond harvester market is experiencing robust growth, driven by increasing almond consumption worldwide and the consequent demand for efficient harvesting solutions. The market, estimated at $500 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $900 million by 2033. This growth is fueled by several key factors. Firstly, the expanding acreage dedicated to almond cultivation, particularly in regions like California, Australia, and Spain, is creating a strong demand for advanced harvesting equipment. Secondly, the ongoing technological advancements in almond harvester design, including automation, improved efficiency, and reduced labor costs, are making these machines increasingly attractive to almond growers of all sizes. Finally, the rising focus on sustainable agricultural practices and the need to minimize harvesting damage are driving adoption of technologically superior harvesters. However, market growth is not without challenges. High initial investment costs for sophisticated almond harvesters can be a significant barrier to entry for smaller farms. Furthermore, fluctuations in almond prices and potential labor shortages in certain regions can influence the overall market demand. Nevertheless, the long-term outlook remains positive, driven by consistent growth in almond consumption and the increasing need for mechanized harvesting solutions to meet rising production needs. Key players like Tenías, Flory Industries, Solano Horizonte, Exact Corporation, Kadıoğlu Machinery, Coe Orchard Equipment, and Pellenc are actively shaping the market landscape through innovation and strategic expansions. Market segmentation, while not explicitly provided, likely includes distinctions based on harvester type (self-propelled vs. towed), capacity, and technological features. Regional variations in almond production and technological adoption will further influence market dynamics.