The Biggest Farm Machinery Companies

Published September 30, 2026 · Updated October 3, 2026 · 5 min read

Tractors, combines, seed drills and sprayers are the largest investments most farms make, and a few manufacturers supply much of the world. The ranking below counts only farm machinery sales, not construction equipment or financing. These were the ten largest makers in their latest fiscal year:

Agricultural equipment sales in the latest fiscal year, converted to US dollars at average exchange rates where reported in other currencies ("c."). John Deere: Production & Precision Agriculture plus Small Agriculture & Turf segments (year to November 2025, including lawn equipment). Kubota: farm equipment and engines, including India's Escorts Kubota. CNH: agriculture segment. Mahindra: farm equipment segment of the parent company (year to March 2026). CLAAS: year to September 2025. SDF: 2024, the latest published figure. Not listed: India's TAFE and Japan's Yanmar, which publish no comparable farm machinery figure, and Krone, whose group revenue also includes trailers. Sources: company annual results.

The ten companies in brief

John Deere

Founded in 1837 by the blacksmith John Deere, whose steel plough handled the heavy prairie soils of the Midwest, Deere & Company is based in Moline, Illinois, and listed in New York. Besides its green-and-yellow tractors and combines it makes construction and forestry machines and finances many of the machines it sells.

Kubota

Founded in 1890 in Osaka as a maker of cast-iron parts and water pipes, Kubota has built tractors since 1960 and is the leading maker of small tractors and rice machinery. It owns Norway's implement maker Kverneland and a majority of India's Escorts Kubota, and is listed in Tokyo.

CNH

CNH was formed in 2013 from the farm and construction businesses of the Fiat group and has been listed only in New York since 2024; Exor, the holding company of the Agnelli family, is its largest shareholder. Its farm brands include Case IH, New Holland and Steyr.

AGCO

Founded in 1990 and based in Duluth, Georgia, AGCO is listed in New York and grew mainly through acquisitions. Its brands include Fendt, Massey Ferguson and Valtra, and since 2024 it has owned most of PTx Trimble, a maker of precision-farming technology.

CLAAS

Founded in 1913 by August Claas and still owned by the Claas family, the company is based in Harsewinkel, Germany. It is best known for its Lexion combines and Jaguar forage harvesters and has also made tractors since buying Renault's tractor business in 2003.

Mahindra & Mahindra

The farm equipment business of India's Mahindra group, based in Mumbai, is the world's largest tractor maker by number of tractors sold, mostly small and mid-sized models for India and other emerging markets. Its brands include Mahindra and Swaraj.

SDF

SDF (formerly Same Deutz-Fahr) goes back to the Cassani brothers' first diesel tractor of 1927 and is based in Treviglio near Bergamo. It is family-owned and sells tractors and combines under the brands SAME, Deutz-Fahr, Lamborghini Trattori and Hürlimann.

Kuhn (Bucher Industries)

Kuhn began in 1828 with a blacksmith in Alsace and is still based in Saverne; it belongs to the Swiss engineering group Bucher Industries. It makes implements rather than tractors - mowers, balers, spreaders, seed drills and soil-cultivation equipment.

Horsch

Founded in 1984 by the farmer Michael Horsch and based in Schwandorf, Bavaria, Horsch is family-owned. It makes tillage machines, seed drills and sprayers and runs its own farms to test them.

Amazone

Founded in 1883 and based in Hasbergen near Osnabrück, Amazone is owned by the Dreyer family. It makes fertilizer spreaders, sprayers, seed drills and tillage machines.

Farm incomes drive machinery sales

Machinery is the purchase farmers put off when money is tight, so sales follow crop prices and farm incomes with a delay. After the high prices of 2021-22, grain prices fell and interest rates rose; in 2025 sales of North American tractors above 140 hp were down by about a third on the previous year, according to CNH. Deere's farm machinery sales fell by 13% and AGCO's total sales by 13.5%. For the same reason machinery makers' results are watched as an indicator of how farmers see the next seasons.

Big fields, small fields

The market is split by farm size. The large tractors and combines used on the wide fields of North and South America, Australia and Eastern Europe come mainly from Deere, CNH (Case IH, New Holland), AGCO (Fendt, Massey Ferguson) and CLAAS. In India, the world's largest tractor market by number of units, small tractors dominate; Mahindra alone had a domestic market share of 43.6% in 2025/26. Kubota leads in small tractors and rice machinery in Japan and the rest of Asia. Europe also has many family-owned specialists for soil cultivation, seeding and spraying, such as Horsch, Amazone, Kuhn and Lemken.

Technology and repair

Modern machines steer by satellite, switch off sprayer sections automatically over areas already treated and record yields field by field; the makers increasingly sell software and data services along with the machines. This has also led to disputes about who may repair them: in the US the Federal Trade Commission sued Deere in 2025 over repair restrictions, which Deere disputes. Other input suppliers are covered in The Biggest Seed and Crop Protection Companies and The Biggest Fertilizer Companies; the whole chain in The Biggest Companies in Agribusiness.