Agriculture Machinery Parts Market Report 2025 (Global Edition)

Global Agriculture Machinery Parts Market Report 2024 Market Size Split by Type (Tractors, Harvesters, Soil Preparation & Cultivation, Irrigation & Crop Processing, Agriculture Spraying Equipment, Hay...

Agriculture Machinery Parts Market Report Description

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Competitive Landscape of the Agriculture Machinery Parts Market

The competitive landscape of the Agriculture Machinery Parts market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Innovations in precision farming and sustainable practices are significant trends, with companies investing in research and development. The market is influenced by factors such as fluctuating commodity prices, government policies, and the adoption of smart farming technologies, which drive demand for advanced and efficient machinery parts.

February 2024: John Deere and GUSS Automation unveiled the Electric GUSS, the world's first fully electric autonomous herbicide orchard sprayer. This innovative machine allows growers to control multiple sprayers remotely and features a sport spraying weed detection system that reduces herbicide use and increases sustainability. Electric gas is a significant development in precision agriculture. (Source: https://www.deere.com/en/agriculture/) February 2024: Mahindra introduced two new sub-compact and compact tractor models at the National Farm Machinery Show. The new "Powered by OJA" tractors are designed to improve user experience with enhanced power comfort and features. (Source: https://auto.mahindra.com/)

Top Companies Market Share in Agriculture Machinery Parts Industry: (In no particular order of Rank)

• AGCO Corporation
• Fliegl Agro-Center GmbH
• Agromaster
• APV GmbH
• Bellota Agrisolutions
• CLAAS KGaA mbH
• CNH Industrial N.V.
• Deere & Company
• Escorts Limited
• HORSCH Maschinen GmbH
• ISEKI & Co.
• Ltd.
• J C Bamford Excavators Ltd
• Quivogne CEE GmbH (Kiwon RUS LLC)
• LEMKEN GmbH & Co. KG
• Mahindra & Mahindra Ltd
• Mascar SpA
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Agriculture Machinery Parts Market

Which Region Dominates the Agriculture Machinery Parts Market in 2024?

According to Cognitive Market Research, North America dominated market in the 2024. It accounted for around 40% of global revenue due to its advanced farming practices, significant investment in agricultural technology, and presence of major manufacturers like John Deere and AGCO. High adoption rates of precision farming and sustainable practices, coupled with strong distribution networks and supportive government policies, further bolster the region's market leadership.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Agriculture Machinery Parts market due to several compelling reasons. ?The rapid agricultural mechanization, increasing government subsidies, and investments in modern farming techniques drive the market growth. Growing populations and food demand, particularly in China and India, drive the need for advanced machinery. Additionally, regional economic growth and technological advancements contribute to market expansion.

The current report Scope analyzes Agriculture Machinery Parts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Agriculture Machinery Parts

According to Cognitive Market Research, the global Agriculture Machinery Parts market size was estimated at USD 155481.2 Million, out of which North America held the prime market of more than 40% of the global revenue with the market size of USD 62192.48 million in the year 2024 and will rise at the compound yearly growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Agriculture Machinery Parts market with a market size of USD 49069.87 million in 2024 and is projected to rise at the CAGR of 4.0% during the forecast years. The demand is amplified by the technological advancements, farm productivity demands, and aging machinery fleets.
• The Canada Agriculture Machinery Parts market had a market share of USD 7463.10 million in 2024 and is foreseen to rise at a CAGR of 5.0% during the forecast years due to modernization efforts, technological advancements, and increasing farm mechanization.
• The Mexico Agriculture Machinery Parts market is foreseen to experiece growth at a CAGR of 4.7% during the forecast years, with a market size of USD 5659.52 million in 2024.

Europe Agriculture Machinery Parts

According to Cognitive Market Research, the global Agriculture Machinery Parts market size was estimated at USD 155481.2 Million, out of which Europe held the market of more than 30% of the global revenue with the market size of USD 46644.36 million in 2024 and will grow at a compound yearly growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Agriculture Machinery Parts market had a market share of USD 7836.25 million in 2024 and is foreseen to rise at a CAGR of 5.3% during the forecast years. In the UK, Agriculture Machinery Parts sales witness an upswing due to the need for advanced and efficient machinery to support sustainable farming practices, technological innovations, and the modernization of agricultural operations.
• The French agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 3.7% during the forecast years, with the market size of USD 4291.28 million in 2024.
• According to Cognitive Market Research, the German agriculture Machinery Parts market size was valued at USD 9235.58 million in 2024 and is foreseen to rise at a CAGR of 4.7% during the forecast years. In Germany, Agriculture Machinery Parts sales surged due to the advanced technological integration high demand for efficient and sustainable farming practices.
• The Italy Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 3.9% during the forecast years, with a market size of USD 4011.41 million in 2024.
• The Russia Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 3.5% during the forecast years, with a market size of USD 7229.88 million in 2024.
• The Spain Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 3.6% during the forecast years with a market size of USD 3824.84 million in 2024
• The Luxembourg Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 4.6% during the forecast years, with a market size of USD 1445.98 million in 2024.
• The Portugal Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 4.3% during the forecast years, with a market size of USD 979.53 million in 2024.
• The Greece Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 4.8% during the forecast years, with a market size of USD 559.73 million in 2024.
• Rest of Europe's Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 3.2% during the forecast years, with a market size of USD 7229.88 million in 2024.

Asia Pacific Agriculture Machinery Parts

According to Cognitive Market Research, the global Agriculture Machinery Parts market size was estimated at USD 155481.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with the market size of USD 35760.68 million in 2024 and will grow at the compound yearly growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Agriculture Machinery Parts market size was valued at USD 16092.30 million in 2024 and is foreseen to rise at a CAGR of 7.5% during the forecast period. Agriculture Machinery Parts sales surged in China due to rapid agricultural mechanization, government subsidies for modern farming equipment, and increasing demand for efficient and high-yield farming practices.
• The Japan Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 6.5% during the forecast years, with a market size of USD 4934.97 million in 2024.
• The India Agriculture Machinery Parts market had a market share of USD 4291.28 million in the year 2024 and is foreseen to rise at a CAGR of 9.8% during the forecast period due to the increasing mechanization of farming, government support for modern agricultural practices, and the rising need for higher productivity.
• The South Korea Agriculture Machinery Parts market is projected to witness growth at a CAGR of 7.1% during the forecast years, with a market size of USD 3576.07 million in 2024.
• The Australian agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1859.56 million in 2024.
• The South East Asia Agriculture Machinery Parts market is projected to witness growth at a CAGR of 9.0% during the forecast years, with a market size of USD 2467.49 million in 2024.
• The Rest of Asia Pacific Agriculture Machinery Parts market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 2539.01 million in 2024.

South America Agriculture Machinery Parts

According to Cognitive Market Research, the global Agriculture Machinery Parts market size was estimated at USD 155481.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 7774.06 million in 2024 and will rise at a compound yearly growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Agriculture Machinery Parts market size was valued at USD 3327.30 million in 2024 and is foreseen to rise at a CAGR of 6.0% during the forecast period. Agriculture Machinery Parts sales flourish in Brazil due to the country's large-scale agricultural sector, demand for increased productivity, and government incentives for modernizing farming equipment.
• Argentina's Agriculture Machinery Parts market had a market share of USD 1306.04 million in 2024 and is foreseen to rise at a CAGR of 6.3% during the forecast years due to the country's large and advanced agricultural sector.
• Colombia's Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 5.2% during the forecast years, with a market size of USD 691.89 million in 2024.
• Peru's Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 5.6% during the forecast years, with a market size of USD 637.47 million in 2024.
• Chile's Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 5.7% during the forecast years, with a market size of USD 559.73 million in 2024.
• The Rest of Latin America Agriculture Machinery Parts market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1251.62 million in 2024.

Middle East and Africa Agriculture Machinery Parts

According to Cognitive Market Research, the global Agriculture Machinery Parts market size was estimated at USD 155481.2 Million, out of which the Middle East and Africa held the primary market of around 2% of the global revenue with the market size of USD 3109.62 million in 2024 and will rise at the compound yearly growth rate (CAGR) of 5.7% from 2024 to 2031.

• The GCC Countries Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 6.5% during the forecast years, with a market size of USD 1330.92 million in 2024. Agriculture Machinery Parts sales flourish due to government incentives, modernization, rising demand, and precision agriculture technologies.
• The Egypt Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 6.0% during the forecast period, with a market size of USD 326.51 million in 2024.
• The South Africa Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 6.7% during the forecast period, with a market size of USD 491.32 million in 2024. Agriculture Machinery Parts sales flourish in South Africa due to the demand for mechanization, modern farming, and precision agriculture technologies.
• The Turkey Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 5.2% during the forecast years, with a market size of USD 267.43 million in 2024.
• The Nigeria Agriculture Machinery Parts market is foreseen to experience growth at a CAGR of 4.8% during the forecast years, with a market size of USD 326.51 million in 2024.
• The Rest of the MEA Agriculture Machinery Parts market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 366.94 million in 2024.

Agriculture Machinery Parts Market Analysis

Agriculture Machinery Parts Market Type Segment Analysis

According to Cognitive Market Research, the tractor is the dominating category due to their versatility and essential role in various farming operations such as plowing, planting, and hauling. Their widespread use across diverse farming activities drives consistent demand for replacement parts and upgrades. Technological advancements and increasing mechanization in agriculture further bolster tractor parts' market share, making them crucial for enhancing farm productivity and efficiency. As a result, tractor parts remain the leading segment in the agricultural machinery parts market.

Harvesters emerge as the fastest-growing category in the Agriculture Machinery Parts market due to their critical role in increasing farming efficiency and productivity. The rising global demand for the food, coupled with advancements in technology, has led to greater adoption of modern harvesting equipment. Additionally, government subsidies and initiatives promoting mechanized farming, along with the need to address labor shortages, further boost the market for harvesters. Their ability to perform multiple tasks like reaping, threshing, and winnowing in a single process makes them indispensable, driving rapid growth in this segment.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Agriculture Machinery Parts Industry. Request a Free Sample PDF!

Agriculture Machinery Parts Market End User Segment Analysis

According to Cognitive Market Research, the OEM category dominates the market by leveraging its brand reputation, ensuring high-quality standards, and providing superior compatibility with its equipment. They offer comprehensive warranties and post-sale support, which build trust and loyalty among farmers. OEMs also invest in continuous innovation and advanced technology, making their parts more efficient and reliable. Additionally, strong distribution networks and strategic partnerships with dealers further extend their market reach, making it convenient for end users to access genuine parts. This combination of quality, reliability, and service cements OEMs' dominance in the market.

The fastest-growing category in the Agriculture Machinery Parts market is aftersales. As farmers aim to extend the lifespan of their machinery, demand for replacement parts and maintenance services rises. Technological advancements in machinery increase the need for specialized aftersales support. Additionally, the trend of sustainable farming practices encourages the refurbishment of existing equipment. The rise in mechanized farming globally, coupled with the requirements for regular maintenance and repairs to ensure operational efficiency, further drives the growth of the aftersales market in this sector.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Agriculture Machinery Parts Automation Segment Analysis

According to Cognitive Market Research, the dominating category is semi-automatic due to its blend of efficiency and affordability. These machines reduce labor costs and maximize productivity while maintaining a level of manual control, allowing for flexibility and precision in operations. Farmers benefit from enhanced performance without the high investment and maintenance costs associated with fully automated systems. Additionally, semi-automatic equipment is easier to operate and maintain, making it accessible to a broader range of users, including those in developing regions where full automation infrastructure may be lacking. This balance of technology and practicality drives its market dominance.

The fastest-growing category in the Agriculture Machinery Parts market is automatic due to its ability to enhance productivity and efficiency. Automatic machinery reduces manual labor, minimizes human error, and ensures precise operations, which is crucial for modern farming's demand for higher yields and sustainability. Advances in AI, IoT, and robotics drive this growth by enabling real-time monitoring, data analysis, and autonomous decision-making. Additionally, the rising adoption of smart farming techniques and government incentives for advanced agricultural practices further fuel the demand for automatic machinery, making it the leading segment in the market's expansion.

• Automatic
• Semi-Automatic
• Manual

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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