The Market Reports

Synopsis
The global market for New Energy Electric Agricultural Machinery was estimated to be worth US$ 67.8 million in 2024 and is forecast to a readjusted size of US$ 835 million by 2031 with a CAGR of 40.2% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on New Energy Electric Agricultural Machinery cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
New Energy Electric Agricultural Machinery is a term that refers to farm equipment that uses electricity as the main source of power instead of fossil fuels. It can include electric tractors, electric harvesters, electric sprayers, electric agribots, and other electric machines that perform various tasks on the farm. Electric agricultural machinery can offer benefits such as lower emissions, lower fuel and maintenance costs, higher efficiency, and better soil health.
The key players of New Energy Electric Agricultural Machinery include Monarch, CNH Industrial, AIForceTech, AGCO (Fendt), Kubota (Escorts Kubota), etc. The top three players hold a share over 60%.
North America is the largest market, has a share about 43%. In terms of product type, Pure Electricity is the largest segment, occupied for a share of about 93%, and for application ,it apply to Crop Cultivation and Harvesting, which has a share about 58%.
Market development progress:
John Deere's electric tractor: Prototype released in February 2025, testing throughout 2025, and planned to be launched in 2026.
AGCO (Fendt)'s electric tractor: Concept car released in November 2023, prototype has been completed. Limited sales will begin in 2024, and mass production and market launch will begin in 2025.
CNH Industrial's electric tractor: The new T3 Electric Power will be launched in the fourth quarter of 2024, initially only in Turkey, and may be launched in Europe later.
This report aims to provide a comprehensive presentation of the global market for New Energy Electric Agricultural Machinery, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of New Energy Electric Agricultural Machinery by region & country, by Type, and by Application.
The New Energy Electric Agricultural Machinery market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding New Energy Electric Agricultural Machinery.
Market Segmentation
By Company
John Deere
CNH Industrial
Kubota (Escorts Kubota)
AGCO (Fendt)
Monarch
Sonalika Group
Montra
AutoNxt
Zoomlion
Jiangsu Yueda
AIForceTech
Ningbo Nongbang
Rigitrac
Segment by Type
Pure Electricity
Hybrid
Segment by Application
Crop
Horticulture
Animal Husbandry
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of New Energy Electric Agricultural Machinery manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of New Energy Electric Agricultural Machinery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of New Energy Electric Agricultural Machinery in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index