Agriculture Equipment Market, By Product Type, By Application, By Geography

Description

The global agriculture equipment market is estimated to be valued at US$ 171.03 Bn in 2024 and is expected to reach US$ 251.21 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 171.03 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.60%	2031 Value Projection:	US$ 251.21 Bn

Figure. Agriculture Equipment Market Share (%), By Region 2024

The global agriculture equipment market has witnessed substantial growth over the past few years due to rising demand for food and changing weather conditions. Agriculture equipment such as tractors, harvesters, and sprayers help boost farm productivity and reduce manual labor. Implementation of innovative technologies in agriculture equipment allow farmers to cultivate lands efficiently and maximize yields. For instance, adoption of automation, robotics, and IoT sensors is helping optimize agriculture operations. Furthermore, government initiatives to support the mechanization of agriculture are fueling the adoption of modern machinery. However, high initial investment remains a key challenge for small farmers in developing nations. Overall, the agriculture equipment market is expected to grow steadily driven by rising needs for food security and support for farmers.

Market Dynamics:

The key drivers fueling growth in the global agriculture equipment market include rapidly growing population globally increasing demand for food, changing weather conditions forcing the need for mechanization and automation, and support from government agencies worldwide in the form of subsidies for farm mechanization. However, high initial costs of agriculture equipment remains a major restrain for small and marginal farmers in developing countries. On the other hand, the development and adoption of autonomous, robots, and precision farming technologies open up new opportunities for players in this market. For example, self-driving tractors can optimize tilling, sowing, and harvesting operations. Use of drones and sensors also help farmers monitor crop health and soil quality for maximizing yields.

Key Features of the Study:

This report provides in-depth analysis of the global agriculture equipment market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global agriculture equipment market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include AGCOCorporation, Agromaster, Amazone Inc., APV GmbH, Bellota Agrisolutions, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Escorts Limited, HORSCH Maschinen GmbH, ISEKI & Co., Ltd., J C Bamford Excavators Ltd, KUBOTA Corporation, KUHN SAS, and LEMKEN GmbH & Co. KG

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global agriculture equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agriculture equipment market

Detailed Segmentation:

By Product Type
- Tractors
- Harvesters Machinery
- Planting Equipment
- Irrigation & Crop Processing Equipment
- Spraying Equipment
- Hay & Forage Equipment
- Others
By Application
- Land Development & Seed Bed Preparation
- Sowing & Planting
- Weed Cultivation
- Plant Protection
- Harvesting & Threshing
- Post-harvest & Agro-processing
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- AGCOCorporation
- Agromaster
- Amazone Inc.
- APV GmbH
- Bellota Agrisolutions
- CLAAS KGaA mbH
- CNH Industrial N.V.
- Deere & Company
- Escorts Limited
- HORSCH Maschinen GmbH
- ISEKI & Co., Ltd.
- J C Bamford Excavators Ltd
- KUBOTA Corporation
- KUHN SAS
- LEMKEN GmbH & Co. KG

Product Code: CMI1453

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Agriculture Equipment Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Tractors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Harvesters Machinery
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Planting Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Irrigation & Crop Processing Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Spraying Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Hay & Forage Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Agriculture Equipment Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Land Development & Seed Bed Preparation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Sowing & Planting
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Weed Cultivation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Plant Protection
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Harvesting & Threshing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Post-harvest & Agro-processing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Agriculture Equipment Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- AGCOCorporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Agromaster
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Amazone Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- APV GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bellota Agrisolutions
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CLAAS KGaA mbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CNH Industrial N.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Deere & Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Escorts Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- HORSCH Maschinen GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ISEKI & Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- J C Bamford Excavators Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- KUBOTA Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- KUHN SAS
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LEMKEN GmbH & Co. KG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Research Methodology

References
Research Methodology
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