Agriculture Equipment Market By Type (Tractors, Harvesters, Soil Preparation and Cultivation, Irrigation and Crop Processing, Agriculture Spraying Equipment, Hay and Forage Machines, Others), By Automation (Manual, Semi automatic, Automatic), By Business (Original Equipment Manufacturers (OEMs), Aftersales): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global agriculture equipment market was valued at $121,196.0 million in 2022, and is projected to reach $192,534.5 million by 2032, registering a CAGR of 4.6% from 2023 to 2032.
Agricultural equipment assists in various agricultural operations to obtain high crop productivity with minimum effort and time. It includes diversified products such as plows, tractors, cultivators, and harvesters as per the requirement of various agricultural activities. For applications such as tilling, plowing, harrowing, planting, disking, and other operations, various implements are attached to the tractors.
Rise in mechanization in agricultural activities is a key factor driving the growth of the global agricultural equipment market. In addition, surge in population propels the need for crop cultivation. Thus, to sustain the demand of agricultural produce, farmers have switched toward the use of automated and semi-automated agricultural equipment on fields globally, which significantly contributes toward global market growth.
The agriculture equipment market is segmented into type, automation, business, and region. Depending on type, the market is categorized into tractors, harvesters, soil preparation & cultivation, irrigation & crop processing, agriculture spraying equipment, hay & forage machines, and others. By automation, it is segregated into manual, semi-automatic, and automatic equipment. On the basis of business, it is bifurcated into original equipment manufacturers (OEM) and aftersales.
Region wise, the agriculture equipment market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Key companies profiled in the report include Mahindra & Mahindra Ltd., Escorts Limited, CNH Industrial N.V., Deere & Company, AGCO Corporation, SDF S.p.A., AGROSTROJ Pelhřimov, a.s., China National Machinery Industry Corporation Ltd. (Sinomach), J C Bamford Excavators Ltd., and Kubota Corporation.
Major companies in the market have adopted several key developmental strategies such as product launch, acquisition, investment, and expansion to offer better products and services to customers in the agriculture equipment market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agriculture equipment market analysis from 2022 to 2032 to identify the prevailing agriculture equipment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the agriculture equipment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global agriculture equipment market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeAgriculture Spraying Equipment
Hay and Forage Machines
Others
Tractors
Harvesters
Soil Preparation and Cultivation
Irrigation and Crop Processing
By AutomationManual
Semi automatic
Automatic
By BusinessOriginal Equipment Manufacturers (OEMs)
Aftersales
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
AGCO Corporation
AGROSTROJ Pelh?imov, a.s.
China National Machinery Industry Corporation Ltd. (Sinomach)
CNH Industrial N.V.
Deere & Company
Escorts Limited
J C Bamford Excavators Ltd. (JCB)
KUBOTA Corporation.
Mahindra & Mahindra Ltd.
SDF S.p.A.
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