Agriculture Equipment Market size was valued at US$ 132.54 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6% through 2024 to 2030, reaching nearly US$ 199.29 Bn.Agriculture Equipment Market Overview:
The Global Agriculture Equipment market was valued at US $ 132.54 Bn. in 2023, and it is expected to reach US $ 199.29 Bn. by 2030 with a CAGR of 6.0% during the forecast period. Tractors, harvesters, farm machinery, and cultivators are examples of agriculture equipment used to help in various farming operations. Agriculture equipment helps in obtaining a high crop yield in a relatively short amount of time with minimal effort. Furthermore, the use of automatic and semiautomatic agriculture equipment decreases the need for human work on farms, lowering the expenses associated with labour. This enhances crop productivity even further by eliminating downtimes and allowing for more precise operations.To know about the Research Methodology :- Request Free Sample ReportAgriculture Equipment Market Dynamics:
The global agriculture equipment market is expected to grow as the mechanisation of various farming processes such as ploughing, harrowing, planting, harvesting, and tilling increases. Farmers' reliance on agriculture equipment grows as benefits from the use of mechanical equipment such as tractors, harvesters, and different attachments become more apparent. Furthermore, precision farming ensures the long-term viability of farming operations, boosts profitability, and protects land resources, all of which contribute to increased agricultural productivity. Various products offered by key players in the agriculture equipment market help farmers in various farming tasks such as sowing and harvesting, increasing the use of agriculture equipment even further. This has a major impact on the global agriculture equipment market's growth. Furthermore, the world's rising population need increased food production. The adoption of automatic and semiautomatic agriculture technology to boost farm cultivation efficiencies can help to meet this demand. Agriculture equipment aids in the cultivation of more crops in less time and effort, resulting in increased food supply for the rising population. As a result, as the global population grows, so does the demand for agricultural equipment, which propels the agriculture equipment market forward. On the contrary, a lack of awareness among farmers about the benefits of employing agricultural equipment is a key market restraint. The application of agricultural equipment is hampered by illiteracy, a lack of appropriate resources, and monetary measures.Agriculture Equipment Market Segment Analysis:
The Global Agriculture Equipment Market is segmented by Product, and Application. Based on the Product, the market is segmented into Tractors, Combine Harvesters, Rotavators, Power Tillers, Seed Drill, Thresher, Power Weeder, and Others. Tractors segment is expected to hold the largest market shares of xx% by 2030. This is due to an increase in the use of tractors in small, medium, and large farms. Agricultural machinery encompasses a wide range of equipment and tools, which are used in numerous farming processes to enhance crop quality and expand output. In developing countries across the globe, governments offer widespread support to farmers to purchase agricultural equipment to work more proficiently. For instance, in India, the Rashtriya Krishi Vikas Yojana funds farmers to purchase agricultural equipment containing tractors at subsidized rates. Various government authorities are taking initiatives to inform farmers about the benefits of using agricultural equipment in farming. Some of the prominent key players are also getting out to farmers to inform them about loan policies, credit financing, and advantages of contract farming. These are the key factor that drives the growth of this segment in the Global market during the forecast period 2024-2030. Based on the Application, the market is segmented into Land development and seed bed preparation, Sowing and planting, Harvesting and threshing, Weed Inter cultivation, Plant protection, and Post-harvest & Agro processing. The Land development and seed bed preparation segment is expected to grow rapidly at a CAGR of xx% during the forecast period. The shortage of farm labor is the key driver of rising demand for agricultural products in a variety of applications, including land development, plant protection, harvesting, and sowing and planting. Labor employment has become expensive due to agriculture's labor-intensive and time-consuming nature. This is made worse by the fact that there is a scarcity of local labor supply around the world as a result of people's shifting attention to other occupations. These are the key drivers that boost the growth of this segment in the Global market during the forecast period 2024-2030.Agriculture Equipment Market Regional Insights:
Asia Pacific dominates the Global Agriculture Equipment market during the forecast period 2024-2030. Asia Pacific is expected to hold the largest market shares of xx% by 2030. The growth in the market can be attributed to the increasing population in this region. The region is projected to dominate the global agriculture equipment market during the forecast period owing to the major market share contribution by developing countries like China and India. The rising population will increase the demand for food in these countries, which is expected to increase the demand for better harvesting machinery. Additionally, the government support by implementing many programs and scheme is also one of the key factors for the growth of agriculture equipment market in this region. Some of the key and niche players are focusing towards the expansion of technologically advanced agricultural equipment by expenditure on research & development activities, which has further empowered the companies to increase competitive edge in the agricultural equipment market. Key players are also interested to adopt business strategy as mergers and acquisitions. For instance, the company John Deere, principally engaged in the agricultural machinery and equipment manufacturing has acquired numerous companies from the past few years like Monosem, Wirtgen Group, Mazzotti and many more. Additionally, the company is expending heavily on research & development activities and focusing on the development and progress of existing and new products. These are the major drivers that boost the growth of this region in the Global market during the forecast period 2024-2030. The objective of the report is to present a comprehensive analysis of the Global Agriculture Equipment 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, 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 reports also helps in understanding the Global Agriculture Equipment Market dynamic, structure by analyzing the market segments and project the Global Agriculture Equipment 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 Agriculture Equipment Market make the report investor’s guide.Agriculture Equipment Industry Ecosystem
Agriculture Equipment Market Scope: Inquire before buying
Agriculture Equipment Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 132.54 Bn. Forecast Period 2024 to 2030 CAGR: 6% Market Size in 2030: US $ 199.29 Bn. Segments Covered: by Product Tractors Combine Harvesters Rotavators Power Tillers Seed Drill Thresher Power Weeder Others by Application Land development and seed bed preparation Sowing and planting Harvesting and threshing Weed Inter cultivation Plant protection Post-harvest & Agro processing Agriculture Equipment Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Agriculture Equipment Market, Key Players are
1.AGCO Corporation 2. Agrostroj Pelhrimov A.s 3. China National Machinery Industry Corporation 4. Concern Tractor Plants 5. Deere & Company 6. J.C Bamford Excavators limited 7. Escorts Limited, Mahindra Group 8. Same Deutz-Fahr Group 9. JCB Limited 10. Foton Lovol International Heavy Industries Company Ltd 11. Valmont Industries Incorporated 12. Weifang Euroking Machinery 13. Agro Tractors S.p.A. 14. SDF Group 15. The Toro Company 16. Kubota Corporation 17. CLAAS KGaA mbH 18. Mahindra & Mahindra Ltd. 19. Escorts Ltd. 20. Alamo Group Incorporated 21. Netafim Limited 22. Tractors and Farm Equipment Ltd. 23. Yanmar Company Limited 24. WORLD Group Company LimitedFrequently Asked Questions:
1] What segments are covered in Global Agriculture Equipment Market report? Ans. The segments covered in Global Agriculture Equipment Market report are based on Product, and Applications. 2] Which region is expected to hold the highest share in the Global Agriculture Equipment Market? Ans. Asia Pacific is expected to hold the highest share in the Global Agriculture Equipment Market. 3] Who are the top key players in the Global Agriculture Equipment Market? Ans. AGCO Corporation, Agrostroj Pelhrimov A.s, China National Machinery Industry Corporation, Concern Tractor Plants, and Deere & Company are the top key players in the Global Agriculture Equipment Market. 4] Which segment holds the largest market share in the Global Agriculture Equipment market by 2030? Ans. Tractors segment hold the largest market share in the Global Agriculture Equipment market by 2030. 5] What is the market size of the Global Agriculture Equipment market by 2030? Ans. The market size of the Global Agriculture Equipment market is US $ 199.29 Bn. by 2030. 6] What was the market size of the Global Agriculture Equipment market in 2023? Ans. The market size of the Global market was worth US $ 132.54 Bn. in 2023.
1. Global Agriculture Equipment Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Agriculture Equipment Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Company Location 2.5.3. Product Segment 2.5.4. End-user Segment 2.5.5. Revenue (2023) 2.5.6. Growth Rate (Y-O-Y in %) 2.5.7. Key Development 2.5.8. Market Share 2.6. Industry Ecosystem Analysis 2.6.1. Supply Side 2.6.2. Demand Side 2.6.3. Trends/Disruption impacting customer business 2.7. Technology Analysis 2.7.1. Farm Equipment Automation 2.7.2. Agriculture 5.0 2.7.3. Electrification of Tractors 2.7.4. Farm Tractors Battery Prices/Technologies 2.7.5. Trends in rental Industry 2.7.6. Precision Farming 2.7.7. Autonomous Tractors 2.7.8. CNG Tractors 2.8. Market Structure 2.8.1. Market Leaders 2.8.2. Market Followers 2.8.3. Emerging Players 2.9. Consolidation of the Market 2.9.1. Strategic Initiatives and Developments 2.9.2. Mergers and Acquisitions 2.9.3. Collaborations and Partnerships 2.9.4. Product Launches and Innovations 3. Global Agriculture Equipment Market: Dynamics 3.1. Agriculture Equipment Market Trends 3.2. Agriculture Equipment Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Threat of New Entrants 3.3.2. Threat of Substitutes 3.3.3. Bargaining Power of Suppliers 3.3.4. Bargaining Power of Buyers 3.3.5. Intensity of Competitive Rivalry 3.4. PESTLE Analysis 3.5. Value Chain Analysis 3.5.1. Raw Material 3.5.2. Processing and Extraction 3.5.3. Packaging and Distribution 3.5.4. End User Application 3.6. Trade Analysis 3.7. Technology Analysis 3.8. Regulatory Landscape 3.8.1. Regulations by Region 3.8.2. Regulatory Bodies, Government Agencies, and Other Organizations 3.9. Trade Analysis 3.10. Pricing Analysis 3.10.1. Average Selling Price Trend by Key Players 3.11. Patent Analysis 3.11.1. Approach 3.11.2. Document Type 3.11.3. Top Applicants 3.11.4. Jurisdiction Analysis 3.12. Supply Chain Analysis 3.12.1. Raw Material Procurement 3.12.2. Manufacturing Process 3.12.3. Distribution and Logistics 3.12.4. Conversion and Processing 4. Global Agriculture Equipment Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Global Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 4.1.1. Tractors 4.1.2. Combine Harvesters 4.1.3. Rotavators 4.1.4. Power Tillers 4.1.5. Seed Drill 4.1.6. Thresher 4.1.7. Power Weeder 4.1.8. Others 4.2. Global Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 4.2.1. Land development and seed bed preparation 4.2.2. Sowing and planting 4.2.3. Harvesting and threshing 4.2.4. Weed Inter cultivation 4.2.5. Plant protection 4.2.6. Post-harvest & Agro processing 4.3. Global Agriculture Equipment Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Agriculture Equipment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 5.1.1. Tractors 5.1.2. Combine Harvesters 5.1.3. Rotavators 5.1.4. Power Tillers 5.1.5. Seed Drill 5.1.6. Thresher 5.1.7. Power Weeder 5.1.8. Others 5.2. North America Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 5.2.1. Land development and seed bed preparation 5.2.2. Sowing and planting 5.2.3. Harvesting and threshing 5.2.4. Weed Inter cultivation 5.2.5. Plant protection 5.2.6. Post-harvest & Agro processing 5.3. North America Agriculture Equipment Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 5.3.1.1.1. Tractors 5.3.1.1.2. Combine Harvesters 5.3.1.1.3. Rotavators 5.3.1.1.4. Power Tillers 5.3.1.1.5. Seed Drill 5.3.1.1.6. Thresher 5.3.1.1.7. Power Weeder 5.3.1.1.8. Others 5.3.1.2. United States Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 5.3.1.2.1. Land development and seed bed preparation 5.3.1.2.2. Sowing and planting 5.3.1.2.3. Harvesting and threshing 5.3.1.2.4. Weed Inter cultivation 5.3.1.2.5. Plant protection 5.3.1.2.6. Post-harvest & Agro processing 5.3.2. Canada 5.3.2.1. Canada Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 5.3.2.1.1. Tractors 5.3.2.1.2. Combine Harvesters 5.3.2.1.3. Rotavators 5.3.2.1.4. Power Tillers 5.3.2.1.5. Seed Drill 5.3.2.1.6. Thresher 5.3.2.1.7. Power Weeder 5.3.2.1.8. Others 5.3.2.2. Canada Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 5.3.2.2.1. Land development and seed bed preparation 5.3.2.2.2. Sowing and planting 5.3.2.2.3. Harvesting and threshing 5.3.2.2.4. Weed Inter cultivation 5.3.2.2.5. Plant protection 5.3.2.2.6. Post-harvest & Agro processing 5.3.3. Mexico 5.3.3.1. Mexico Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 5.3.3.1.1. Tractors 5.3.3.1.2. Combine Harvesters 5.3.3.1.3. Rotavators 5.3.3.1.4. Power Tillers 5.3.3.1.5. Seed Drill 5.3.3.1.6. Thresher 5.3.3.1.7. Power Weeder 5.3.3.1.8. Others 5.3.3.2. Mexico Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 5.3.3.2.1. Land development and seed bed preparation 5.3.3.2.2. Sowing and planting 5.3.3.2.3. Harvesting and threshing 5.3.3.2.4. Weed Inter cultivation 5.3.3.2.5. Plant protection 5.3.3.2.6. Post-harvest & Agro processing 6. Europe Agriculture Equipment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.2. Europe Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3. Europe Agriculture Equipment Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.1.2. United Kingdom Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.2. France 6.3.2.1. France Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.2.2. France Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.3.2. Germany Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.4.2. Italy Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.5.2. Spain Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.6.2. Sweden Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.7. Russia 6.3.7.1. Russia Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.7.2. Russia Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 6.3.8.2. Rest of Europe Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7. Asia Pacific Agriculture Equipment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.2. Asia Pacific Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.3. Asia Pacific Agriculture Equipment Market Size and Forecast, by Industry (2023-2030) 7.4. Asia Pacific Agriculture Equipment Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.1.2. China Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.2.2. S Korea Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.3.2. Japan Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.4.4. India 7.4.4.1. India Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.4.2. India Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.5.2. Australia Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.4.6. ASEAN 7.4.6.1. ASEAN Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.6.2. ASEAN Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 7.4.7.2. Rest of Asia Pacific Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 8. Middle East and Africa Agriculture Equipment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 8.2. Middle East and Africa Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 8.3. Middle East and Africa Agriculture Equipment Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 8.3.1.2. South Africa Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 8.3.2.2. GCC Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest of MEandA 8.3.3.1. Rest of MEandA Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 8.3.3.2. Rest of MEandA Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 9. South America Agriculture Equipment Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030 9.1. South America Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 9.2. South America Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 9.3. South America Agriculture Equipment Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 9.3.1.2. Brazil Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 9.3.2.2. Argentina Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 9.3.3. Rest of South America 9.3.3.1. Rest of South America Agriculture Equipment Market Size and Forecast, by Product (2023-2030) 9.3.3.2. Rest of South America Agriculture Equipment Market Size and Forecast, by Application (2023-2030) 10. Company Profile: Key Players 10.1. AGCO Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Agrostroj Pelhrimov A.s 10.3. China National Machinery Industry Corporation 10.4. Concern Tractor Plants 10.5. Deere & Company 10.6. J.C Bamford Excavators limited 10.7. Escorts Limited, Mahindra Group 10.8. Same Deutz-Fahr Group 10.9. JCB Limited 10.10. Foton Lovol International Heavy Industries Company Ltd 10.11. Valmont Industries Incorporated 10.12. Weifang Euroking Machinery 10.13. Agro Tractors S.p.A. 10.14. SDF Group 10.15. The Toro Company 10.16. Kubota Corporation 10.17. CLAAS KGaA mbH 10.18. Mahindra & Mahindra Ltd. 10.19. Escorts Ltd. 10.20. Alamo Group Incorporated 10.21. Netafim Limited 10.22. Tractors and Farm Equipment Ltd. 10.23. Yanmar Company Limited 10.24. WORLD Group Company Limited 11. Key Findings & Analyst Recommendations 12. Agriculture Equipment Market: Research Methodology 12.1. Top-Down Approach 12.2. Bottom-up Approach 12.3. Market Breakdown and Data Triangulation