Agricultural & Forestry Machinery Market – Global Industry Analysis and Forecast (2022-2029)

Agricultural & Forestry Machinery Market is expected to reach US$ 473.56 billion at a CAGR of 5.70% during the forecast period 2029.

Agricultural & Forestry Machinery Market Overview

The global Agricultural & Forestry Machinery market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Agricultural & Forestry Machinery market report also provides trends by market segments, technology, and investment with a competitive landscape. Agricultural & Forestry Machinery Market To know about the Research Methodology :- Request Free Sample Report The Agricultural & forestry machinery market was at US$ 303 Bn in 2021. Agricultural and forestry machines assist farmers and other workers in farming and conducting other forestry works. These machines come in different types and for various uses such as harvesting. With time the market of agriculture and forestry machine has noted high growth especially in the Asia Pacific, because of increased agricultural activities. With machines, farmers can cultivate more land in less time. Harvesters, Tractors, Sprayers, rotators are some examples of Agriculture and forestry machines. Earlier farmers used to do almost everything with their own hands from planting a seed to chopping and separating pulses from the crop with bare hands working from early morning to evening. This led to the introduction of farm machines which saved the time of framers and yielded higher results by covering more land. The Forest and agriculture summit which take place annually (FASI) pushed heavily for the use of innovative methods of agriculture, farming, and forestry.

Agricultural & Forestry Machinery Market Dynamics

Increased innovation, adoption of fast and mechanized farming techniques and its rising awareness among farmers led to the market growth of agricultural & forestry machinery. Mechanized methods of production generate higher productivity in work with profit. This helps farmers to use farming ingredients such as pesticides, fertilizers, and others which are costly more efficiently and helps in preventing excessive farm produce and minimizing farm losses. Moreover increased urbanization removed the stress of working manually in farms leading to market growth of agriculture & forestry machines. Increased government subsidies for converting manual farming into mechanized ways for improved crop production by removing pressure from labourers aided in market growth. Demand for food has increased with time mainly due to an increased population and continuous shift in eating habits which lead to the production of more crops and pulses through the adoption of advanced farming techniques. Furthermore, an increase in the awareness and importance of technology & machines for farming practices among farmers combined with high government investments in research & development has driven market growth globally. However, continuous deforestation and increasing urbanization in the name of development and land investments have led to the shortage of farming land. The high cost of using agricultural machines and the low income of farmers further restrained the market from growing. Moreover, lack of skill and expertise among machine users about how to use and work with types of machinery impacted most on market growth.

Agricultural & Forestry Machinery Market Segment Analysis

Agricultural & Forestry Machinery Market Based on agriculture machines, the segment of tractors dominated the market due to their extensive and most common use for farming. Tractors are ubiquitous in the farming world and come in different types such as compact tractors, wheeled tractors, track tractors, and orchard tractors of which wheeled tractors are most common and are used for general purpose. These tractors can fit in any farm operations with the primary function of pulling farming equipment such as harvesters, sprayers, cultivators, and many more. Because of which the purchase of tractors is generally high as compared to other machines. Whereas, the segment of the harvester, also known as a combiner noted growth in recent years as well and is also a common agricultural machine. This machine helps in harvesting crops more efficiently and even a farmer who plants small grain can benefit from it. The launch of a new combiner will elevate the segment market growth in the future. By Forestry Machine, the segment of skidder dominated the market. Skidders are log shifting machine it drags log of wood from forest to a storage house or near a roadside, it transports log in a clearing process termed as "skidding" due to which it use is high. The segment of chainsaw held a high market share in recent years and is the most common forestry machine. It works on diesel and hydraulics or electric motor, it has a saw attached to a chain that is connected to the motor which rotates at high speed and assists in cutting down wood logs. Followed by forwarders which are used to loads and unloads forest material though it's expensive but is registering growth.

Agricultural & Forestry Machinery Market Regional Insights:

The Asia Pacific registered the highest market growth in recent years due to increased awareness among farmers about the use of farming machines and mechanized farming practices. Being one of the largest region engaged in the agricultural sector use of innovative and advanced agricultural machines in the region has grown. Especially in India rise in population and per capita income fueled the adoption of new farming methods over manually. Moreover, government support and investment in the region impacted positively on market growth. India ranks second in the world agriculture sector followed by china due to which region is anticipated to hold the largest market share. North America and Europe are expected to account for the largest market growth in coming years because of the presence of well expertise farmers in the region. Knowledge of farmers about using mechanized and advanced farming techniques impacted marginally on market growth. Though the lockdown situation affected farming and production with time North America increased its agricultural production. Moreover, the use of hybrid forestry machinery fueled their efficiency for farm use. Whereas sustainable wood production and wood logging application gained importance in Europe where new machines will consume less fuel and thus, fueling regions market growth The Middle East & Africa region is anticipated to register slow growth due to less favorable weather for farming and lack of or limited access to water in the region. Though, the increase in agricultural investment by regions developed and developing nations for high-quality production of agro-based products has impacted positively on the growth of the market in the Middle East. The objective of the report is to present a comprehensive analysis of the Global Agricultural & Forestry Machinery Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Agricultural & Forestry Machinery Market dynamics, structure by analyzing the market segments and project the Global Agricultural & Forestry Machinery Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Agricultural & Forestry Machinery Market make the report investor’s guide.

Agricultural & Forestry Machinery Market Scope: Inquire before buying

Global Agricultural & Forestry Machinery Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 303.93 Bn.
Forecast Period 2022 to 2029 CAGR: 5.70% Market Size in 2029: US$ 473.56 Bn.
Segments Covered: by Agriculture Machine • Combine & Forage Harvesters • Field Sprayers • Tractors • Soil Cultivating Equipment • Milking & Poultry Machines • Haymaking Machines,
by Forestry Machine • Forwarders • Chainsaw • Swing Machines • Skidders • Bunchers • Loaders • Others

Agricultural & Forestry Machinery Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Agricultural & Forestry Machinery Market Key Players

• Deere & Company • AGCO Corporation • Caterpillar Inc. • Kubota Corporation • Class KGaA mbH • Mahindra & Mahindra • CNH Industrial N.V. • AGCO Corporation. • CLAAS KGaA mbH. • Changzhou Dongfeng Agricultural Machinery Group Co., Ltd. • Lovol Heavy Industry Co., Ltd • Changfa Agricultural Equipment Co. Ltd. • YTO Group Corporation • Mitsubishi Agricultural Machinery • Massey Ferguson Frequently Asked Questions: 1. Which region has the largest share in Global Agricultural & Forestry Machinery Market? Ans: Asia Pacific region holds the highest share in 2021. 2. What is the growth rate of Global Agricultural & Forestry Machinery Market? Ans: The Global Agricultural & Forestry Machinery Market is growing at a CAGR of 5.70% during forecasting period 2022-2029. 3. What is scope of the Global Agricultural & Forestry Machinery market report? Ans: Global Agricultural & Forestry Machinery Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Agricultural & Forestry Machinery market? Ans: The important key players in the Global Agricultural & Forestry Machinery Market are – Deere & Company, AGCO Corporation, Caterpillar Inc., Kubota Corporation, Class KGaA mbH, Mahindra & Mahindra, CNH Industrial N.V., AGCO Corporation., CLAAS KGaA mbH., Changzhou Dongfeng Agricultural Machinery Group Co., Ltd., Lovol Heavy Industry Co., Ltd, Changfa Agricultural Equipment Co. Ltd., YTO Group Corporation, Mitsubishi Agricultural Machinery, and Massey Ferguson 5. What is the study period of this market? Ans: The Global Agricultural & Forestry Machinery Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Agricultural & Forestry Machinery Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Agricultural & Forestry Machinery Products Market 3.4. Geographical Snapshot of the Agricultural & Forestry Machinery Products Market, By Manufacturer share 4. Global Agricultural & Forestry Machinery Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Agricultural & Forestry Machinery Market 5. Supply Side and Demand Side Indicators 6. Global Agricultural & Forestry Machinery Market Analysis and Forecast, 2021-2029 6.1 Agricultural & Forestry Machinery Market Size & Y-o-Y Growth Analysis 7. Global Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 7.1.1. Combine & Forage Harvesters 7.1.2. Field Sprayers 7.1.3. Tractors 7.1.4. Soil Cultivating Equipment 7.1.5. Milking & Poultry Machines 7.1.6. Haymaking Machines, 7.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 7.2.1. Harvesters 7.2.2. Forwarders 7.2.3. Chainsaw 7.2.4. Swing Machines 7.2.5. Skidders 7.2.6. Bunchers 7.2.7. Loaders 7.2.8. Others 7.3. Market Size (Value) Estimates & Forecast by Region, 2021-2029 7.3.1. North America 7.3.2. South America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 8. North America Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 8.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 8.1.1. Combine & Forage Harvesters 8.1.2. Field Sprayers 8.1.3. Tractors 8.1.4. Soil Cultivating Equipment 8.1.5. Milking & Poultry Machines 8.1.6. Haymaking Machines 8.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 8.2.1. Harvesters 8.2.2. Forwarders 8.2.3. Chainsaw 8.2.4. Swing Machines 8.2.5. Skidders 8.2.6. Bunchers 8.2.7. Loaders 8.2.8. Others 9. North America Agricultural & Forestry Machinery Market Analysis and Forecasts, By Country 9.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 9.1.1. US 9.1.2. Canada 9.1.3. Mexico 10. U.S.A Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 10.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 10.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 11. Canada Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 12. Mexico Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 13. Europe Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 14. Europe Agricultural & Forestry Machinery Market Analysis and Forecasts, By Country 14.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 14.1.1. U.K 14.1.2. France 14.1.3. Germany 14.1.4. Italy 14.1.5. Spain 14.1.6. Sweden 14.1.7. CIS Countries 14.1.8. Rest of Europe 15. U.K. Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 15.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 15.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 16. France Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 17. Germany Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 18. Italy Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 19. Spain Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 20. Sweden Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 21. CIS Countries Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 22. Rest of Europe Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 23. Asia Pacific Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 24. Asia Pacific Agricultural & Forestry Machinery Market Analysis and Forecasts, by Country 24.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 24.1.1. China 24.1.2. India 24.1.3. Japan 24.1.4. South Korea 24.1.5. Australia 24.1.6. ASEAN 24.1.7. Rest of Asia Pacific 25. China Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 25.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 25.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 26. India Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 27. Japan Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 28. South Korea Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 29. Australia Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 30. ASEAN Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 31. Rest of Asia Pacific Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 32. Middle East Africa Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 33. Middle East Africa Agricultural & Forestry Machinery Market Analysis and Forecasts, by Country 33.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 33.1.1. South Africa 33.1.2. GCC Countries 33.1.3. Egypt 33.1.4. Nigeria 33.1.5. Rest of ME&A 34. South Africa Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 34.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 34.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 35. GCC Countries Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 36. Egypt Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 37. Nigeria Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 38. Rest of ME&A Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 39. South America Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 40. South America Agricultural & Forestry Machinery Market Analysis and Forecasts, by Country 40.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 40.1.1. Brazil 40.1.2. Argentina 40.1.3. Rest of South America 41. Brazil Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 41.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 41.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 42. Argentina Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 43. Rest of South America Agricultural & Forestry Machinery Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Agriculture Machine, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Forestry Machine, 2021-2029 44. Competitive Landscape 44.1. Geographic Footprint of Major Players in the Global Agricultural & Forestry Machinery Market 44.2. Competition Matrix 44.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Forestry Machines and R&D Investment 44.2.2. New Product Launches and Product Enhancements 44.2.3. Market Consolidation 44.2.3.1. M&A by Regions, Investment and Verticals 44.2.3.2. M&A, Forward Integration and Backward Integration 44.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 44.3. Company Profile : Key Players 44.3.1. Mitsubishi Agricultural Machinery 44.3.1.1. Company Overview 44.3.1.2. Financial Overview 44.3.1.3. Geographic Footprint 44.3.1.4. Product Portfolio 44.3.1.5. Business Strategy 44.3.1.6. Recent Developments 45.3.2 Deere & Company 45.3.3 AGCO Corporation 45.3.4 Caterpillar Inc. 45.3.5 Kubota Corporation 45.3.6 Class KGaA mbH 45.3.7 Mahindra & Mahindra 45.3.8 CNH Industrial N.V. 45.3.9 AGCO Corporation. 45.3.10 CLAAS KGaA mbH. 45.3.11 Changzhou Dongfeng Agricultural Machinery Group Co., Ltd. 45.3.12 Lovol Heavy Industry Co., Ltd 45.3.13 Changfa Agricultural Equipment Co. Ltd. 45.3.14 YTO Group Corporation 45.3.15 Massey Ferguson 46 Primary Key Insights

About This Report

Report ID 111027
Category Engineering Equipment
Published Date June 2022
Updated Date
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