United States (US) Agtech Market Summary, Competitive Analysis and Forecast to 2027
Summary
Agtech in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- AgTech refers to the use of technology in farming and agriculture aimed to improve the efficiency, productivity, and sustainability of food production. The global AgTech market is rapidly growing as a result of population growth, increased food demand, climate change, and water scarcity issues.
- The US Agtech market had total revenues of $3,532.9 million in 2022, representing a compound annual growth rate (CAGR) of 14.6% between 2017 and 2022.
- The devices segment accounted for the market's largest proportion in 2022, with total revenues of $2,251.6 million, equivalent to 63.7% of the market's overall value.
- The US is one of the largest markets in the global Agtech market, capturing a share of 27.8% in 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the agtech market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the agtech market in the United States
- Leading company profiles reveal details of key agtech market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States agtech market with five year forecasts
- What was the size of the United States agtech market by value in 2022?
- What will be the size of the United States agtech market in 2027?
- What factors are affecting the strength of competition in the United States agtech market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's agtech market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What have been the recent developments in the market in recent years?
- 8 Company Profiles
- 8.1. The Climate Corp
- 8.2. AppHarvest Inc
- 8.3. Farmer's Business Network Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: United States agtech market value: $ million, 2017–22
- Table 2: United States agtech market category segmentation: % share, by value, 2017–2022
- Table 3: United States agtech market category segmentation: $ million, 2017-2022
- Table 4: United States agtech market geography segmentation: $ million, 2022
- Table 5: United States agtech market value forecast: $ million, 2022–27
- Table 6: The Climate Corp: key facts
- Table 7: AppHarvest Inc: key facts
- Table 8: Farmer's Business Network Inc: key facts
- Table 9: Farmer's Business Network Inc: key employees
- Table 10: United States size of population (million), 2018–22
- Table 11: United States gdp (constant 2005 prices, $ billion), 2018–22
- Table 12: United States gdp (current prices, $ billion), 2018–22
- Table 13: United States inflation, 2018–22
- Table 14: United States consumer price index (absolute), 2018–22
- Table 15: United States exchange rate, 2018–22
- List of Figures
- Figure 1: United States agtech market value: $ million, 2017–22
- Figure 2: United States agtech market category segmentation: $ million, 2017-2022
- Figure 3: United States agtech market geography segmentation: % share, by value, 2022
- Figure 4: United States agtech market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the agtech market in the United States, 2022
- Figure 6: Drivers of buyer power in the agtech market in the United States, 2022
- Figure 7: Drivers of supplier power in the agtech market in the United States, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the agtech market in the United States, 2022
- Figure 9: Factors influencing the threat of substitutes in the agtech market in the United States, 2022
- Figure 10: Drivers of degree of rivalry in the agtech market in the United States, 2022
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook