Product Code: GVR-4-68040-589-4
Market Size & Trends:
The global agricultural equipment finance market size was estimated at USD 63.24 billion in 2024 and is expected to grow at a CAGR of 5.6% from 2025 to 2030. The agricultural equipment finance market is experiencing significant growth due to the rising demand for farm mechanization.
As farmers seek to enhance productivity and reduce reliance on manual labor, the adoption of advanced machinery such as tractors, harvesters, and planters has increased. However, the high cost of these machines makes outright purchases difficult for small and medium-scale farmers, driving the need for financing loans like loans, leases, and rental agreements. This trend is particularly strong in developing regions like India, Africa, and Latin America, where government subsidies and support programs further encourage farmers to invest in mechanized equipment.
Government policies and subsidies play a crucial role in shaping the agricultural equipment finance market. Many countries offer low-interest loans, tax benefits, and depreciation allowances to make farm machinery more accessible. For instance, India's Farm Mechanization Program, U.S. Department of Agriculture (USDA) loans, and the European Union's Common Agricultural Policy (CAP) provide financial assistance to farmers, boosting demand for financed equipment. These initiatives not only improve agricultural efficiency but also stimulate the financing sector by reducing risk for lenders.
In addition, the growth of precision agriculture has created new demand for advanced, data-driven equipment such as GPS-enabled tractors, drones, and smart sensors. These technologies significantly enhance productivity but come at a higher cost, making financing loans even more critical for their widespread adoption. Simultaneously, agri-tech startups and digital platforms are making financing more accessible by streamlining credit approval processes through mobile apps, digital documentation, and alternative credit scoring systems. This has opened up new avenues for underserved and remote farming communities.
Flexible financing models such as leasing, rentals, and pay-per-use services are also driving market growth. These models are particularly well-suited for the cyclical nature of agricultural income, allowing farmers to align repayments with harvest periods. Moreover, the expansion of insurance and risk mitigation tools, including crop insurance and weather-based risk coverage, is improving lender confidence by reducing the risk of defaults, further supporting the finance ecosystem.
Despite strong growth drivers, the agricultural equipment finance market faces several challenges that hinder its expansion. One of the most significant restraints is the lack of credit history and financial literacy among small-scale farmers, especially in emerging markets. Traditional banks often hesitate to extend loans to farmers with no formal credit records, limiting their access to equipment financing. Even when financing is available, complex application processes and collateral requirements discourage many farmers from pursuing loans. This issue is compounded in regions with an underdeveloped banking infrastructure, where farmers rely on informal lending sources with unfavorable terms.
Global Agricultural Equipment Finance Market Report Segmentation
This report forecasts revenue growth at global, regional and country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global agricultural equipment finance market report based on finance type, product, farm size, and region.
- Finance Type Outlook (Revenue, USD Million, 2018 - 2030)
- Lease
- Loan
- Line of Credit
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Tractors
- Harvesters
- Haying Equipment
- Precision Agriculture Technology
- Others
- Farm Size Outlook (Revenue, USD Million, 2018 - 2030)
- Small Farms
- Medium Farms
- Large Farms
- Region Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Agricultural Equipment Finance Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenge
- 3.3. Agricultural Equipment Finance Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining Power Of The Suppliers
- 3.3.1.2. Bargaining Power Of The Buyers
- 3.3.1.3. Threats Of Substitution
- 3.3.1.4. Threats From New Entrants
- 3.3.1.5. Competitive Rivalry
- 3.3.2. PESTEL Analysis
Chapter 4. Agricultural Equipment Finance Market: Finance Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Agricultural Equipment Finance Market: Finance Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Lease
- 4.3.1. Lease Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Loan
- 4.4.1. Loan Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Line of Credit
- 4.5.1. Line of Credit Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Agricultural Equipment Finance Market: Product Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Agricultural Equipment Finance Market: Product Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Tractors
- 5.3.1. Tractors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Harvesters
- 5.4.1. Harvesters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Haying Equipment
- 5.5.1. Haying Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Precision Agriculture Technology
- 5.6.1. Precision Agriculture Technology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Agricultural Equipment Finance Market: Farm Size Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Agricultural Equipment Finance Market: Farm Size Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Small Farms
- 6.3.1. Small Farms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Medium Farms
- 6.4.1. Medium Farms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Large Farms
- 6.5.1. Large Farms Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Agricultural Equipment Finance Market Region Estimates & Trend Analysis
- 7.1. Agricultural Equipment Finance Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. India Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Japan Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Australia Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. UAE Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. KSA
- 7.6.3.1. KSA Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. South Africa
- 7.6.4.1. South Africa Agricultural Equipment Finance Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. Adani Group
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Application Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. AGCO Corp.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Application Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. AGRICULTURAL BANK OF CHINA (ABC)
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Application Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Argo Tractors SpA
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Application Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Barclays PLC
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Application Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. American AgCredit
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Application Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. John Deere
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Application Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. CNH Industrial Capital
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Application Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Rabo AgriFinance
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Application Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Wells Fargo
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Application Benchmarking
- 8.4.10.4. Strategic Initiatives