Agriculture and Farm Machinery Market, By Product (Farm Tractors, Harvesting Machinery, Plowing and Harvesting Machinery, Planting and Fertilizing Machinery, Haying Machinery, Other Agriculture Machinery and Parts and Attachment), and by Region (North Ame

Agriculture and Farm Machinery Market, By Product (Farm Tractors, Harvesting Machinery, Plowing and Harvesting Machinery, Planting and Fertilizing Machinery, Haying Machinery, Other Agriculture Machinery and Parts and Attachment), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Agriculture machinery is used in farming to increase the productivity of crops. This farming equipment is used in farming operations to save time and labor costs. These equipment are easy to use and help farmers in agricultural operations such as tilling, plowing, disking, and harvesting. Now, the agricultural sector has shifted to modern farming from traditional farming due to the development of advanced technologies. Additionally, the use of advanced agricultural equipment has minimized the need for manual laborers on farms which in turn, reduces the cost incurred on manpower. Thus, in turn, increases the demand for agriculture and farm machinery market.
Market Dynamics
Increasing demand of agriculture equipment Asia-Pacific region is expected to drive market growth during the forecast period. This is attributed to the presence of a large agriculture sector in the region. Emerging economies such as India and china are major exporters of agricultural products, which indicates that the region consists of a large agriculture sector and is a highly attractive market for agricultural equipment. For instance, in 2021, India exported worth US$ 38,490 million agricultural and processed food products to more than 100 countries in the regions such as Middle East, Southeast Asia, SAARC countries and European Union (EU).
Several government authorities are also taking initiatives to educate farmers about the benefits of using agricultural equipment in farming operations. Furthermore, the rising government support and incentives regarding farming equipment are also contributing to the growth of this market in the Asia Pacific. For instance, in India, the Rashtriya Krishi Vikas Yojana (RKVY) supports farmers in purchasing agricultural equipment’s such as tractors at subsidized rates.
Market Taxonomy
This report segments the global agriculture and farm machinery market on the basis of product type, and region. On the basis of product, the global agriculture and farm machinery market is segmented into Farm Tractors, Harvesting Machinery, Plowing and Harvesting Machinery, Planting and Fertilizing Machinery, Haying Machinery, Other Agriculture Machinery and Parts and Attachment. On the basis of region, the global agriculture and farm machinery market is segmented into North America, Europe, Asia Pacific, and ROW.
Key features of the study:
This report provides an in-depth analysis of the global agriculture and farm machinery market and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global agriculture and farm machinery market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global agriculture and farm machinery market are CNH Global NV, Yamabiko Corporation, Deere and Company, Mahindra & Mahindra Limited, CLAAS KGaA mbH, Same Deutz-Fahr, Bucher Industries AG, AGCO Corporation, Iseki & Co., Ltd., J.C. Bamford Excavators Limited (JCB), Kubota Corporation, and Alamo Group, Inc.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global agriculture and farm machinery market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global agriculture and farm machinery market.
Detailed Segmentation:
Global Agriculture and Farm Machinery Market, By Product:
Farm Tractors
Harvesting Machinery
Plowing and Harvesting Machinery
Planting and Fertilizing Machinery
Haying Machinery
Other Agriculture Machinery
Parts and Attachment
Global Agriculture and Farm Machinery Market, By Region:
North America
Europe
Asia Pacific
ROW
Company Profiles
CNH Global NV *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Yamabiko Corporation
Deere and Company
Mahindra & Mahindra Limited
CLAAS KGaA mbH
Same Deutz-Fahr
Bucher Industries AG
AGCO Corporation
Iseki & Co., Ltd.
J.C. Bamford Excavators Limited (JCB),
Kubota Corporation
Alamo Group, Inc.
*Browse all the market data tables and figures on “Global Agriculture and Farm Machinery Market- Forecast to 2027”