Global Agriculture Equipment Market 2023

Global Agriculture Equipment Market 2023

Description
Agricultural equipment refers to machinery, tools, and vehicles used in various agricultural activities to enhance productivity, efficiency, and effectiveness. It includes a wide range of equipment such as tractors, harvesters, planters, irrigation systems, sprayers, and more. The global agriculture equipment market is anticipated to increase by USD 79.5 billion till 2029 at an average annual growth of 5.29 percent as per the latest market estimates. The growing global population and changing dietary preferences have led to an increased demand for food. Agricultural equipment plays a crucial role in improving agricultural productivity and meeting the rising food demand.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global agriculture equipment market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Type: tractor, harvester, cultivation and soil separation equipment, others
Function: harvesting, planting and fertilizing, haying, plowing and cultivation, others
Sales channel: OEM, aftermarket
Region: Asia-Pacific, Europe, North America, RoW (Rest of World)

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, function, sales channel, and region. The global market for agriculture equipment can be segmented by type: tractor, harvester, cultivation and soil separation equipment, others. The tractor segment was the largest contributor to the global agriculture equipment market in 2022. Agriculture equipment market is further segmented by function: harvesting, planting and fertilizing, haying, plowing and cultivation, others. According to the research, the harvesting segment had the largest share in the global agriculture equipment market. Based on sales channel, the agriculture equipment market is segmented into: OEM, aftermarket. The OEM segment held the largest revenue share in 2022. On the basis of region, the agriculture equipment market also can be divided into: Asia-Pacific, Europe, North America, RoW (Rest of World). Globally, Asia-Pacific made up the largest share of the agriculture equipment market.

Major Companies and Competitive Landscape
The report also provides analysis of the key companies of the industry and their detailed company profiles including AGCO Corporation, CLAAS KGaA GmbH, CNH Industrial N.V., Daedong Industrial Co., Deere & Company, Escorts Limited, ISEKI & Co., Ltd., JC Bamford Excavators Limited, Kubota Corporation, Mahindra & Mahindra Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global agriculture equipment market.
To classify and forecast the global agriculture equipment market based on type, function, sales channel, region.
To identify drivers and challenges for the global agriculture equipment market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global agriculture equipment market.
To identify and analyze the profile of leading players operating in the global agriculture equipment market.

Why Choose This Report
Gain a reliable outlook of the global agriculture equipment market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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