Global Agricultural Machinery and Equipment Market Growth (Status and Outlook) 2023-2029

Global Agricultural Machinery and Equipment Market Growth (Status and Outlook) 2023-2029

This report mainly studies agricultural machinery and equipment market. Agricultural machinery is machinery used in farming or other agriculture.

LPI (LP Information)' newest research report, the “Agricultural Machinery and Equipment Industry Forecast” looks at past sales and reviews total world Agricultural Machinery and Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Agricultural Machinery and Equipment sales for 2023 through 2029. With Agricultural Machinery and Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agricultural Machinery and Equipment industry.

This Insight Report provides a comprehensive analysis of the global Agricultural Machinery and Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agricultural Machinery and Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Agricultural Machinery and Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural Machinery and Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural Machinery and Equipment.

The global Agricultural Machinery and Equipment market size is projected to grow from US$ 120800 million in 2022 to US$ 169750 million in 2029; it is expected to grow at a CAGR of 5.0% from 2023 to 2029.

Global key players of agricultural machinery and equipment include John Deere, Kubota, AGCO, CNH Industrial(Case IH and New Holland), Claas, etc. The top five players hold a share over 48%. Asia-Pacific is the largest market, has a share about 41%, followed by North America and Europe, with share 24% and 23%, separately. In terms of product type, Tractors is the largest segment, occupied for a share of 53%, and in terms of application, Crops has a share about 72 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural Machinery and Equipment market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Tractors
Harvesters
Planting Equipment
Irrigation & Crop Processing Equipment
Spraying Equipment
Hay & Forage Equipment
Others

Segmentation by application
Agriculture
Horticulture
Animal husbandry
Forestry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
John Deere
AGCO
Horsch Maschinen
CNH Industrial N.V.
Iseki
Same Deutz-Fahr Group S.p.A. (SDF)
JCB
Kubota
Mahindra & Mahindra
Escorts Group
Kongskilde
Kivon RUS
Valmont Industries, Inc.
TAFE
Rostselmash
Morris Industries Ltd.
Maschio Gaspardo S.P.A.
MaterMacc S.p.A.
Lemken

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