Reports
Reports
The global agricultural equipment market attained a value of about USD 164.8 billion in 2020. The market is further expected to grow at a CAGR of 8.9% during the forecast period of 2023-2028 to reach approximately USD 260.3 billion by 2026.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The global market for agricultural equipment is being driven by the surging demand for food crops due to the increasing population levels. Increasing demand for agricultural crops is a significant factor contributing to the demand for agricultural equipment useful for planting and irrigation, thereby boosting the agricultural equipment industry. Manual agriculture is being increasingly replaced by mechanisation in agricultural equipment, such as harvesters and tractors, to reduce costs and human efforts, and to produce higher crop yields in minimum time, thus augmenting the market growth. This equipment helps in the uniform distribution of nutrients and protectants that help in boosting agricultural production. Furthermore, to address the issue of global food security, governments around the world are introducing policies encouraging the growth of the agricultural sector. Government measures in the form of subsidies, investment in agricultural equipment, and government-backed loans for agricultural capital investments, among others, are encouraging farmers to adopt the latest agricultural practices. In addition, the strategies employed by the key players to expand their company in the agricultural equipment industry are further propelling the market for agricultural equipment.
Agricultural equipment refers to tools and machinery deployed in agricultural practices to aid in farming. This equipment can be motor-based, like tractors or tools for purposes like ploughing and sowing.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
On the basis of product, the market can be divided into:
The planting equipment segment can be further categorised on the basis of type into row crop planters, air seeders, and grain drills, among others.
Based on application, the market can be segmented into:
The EMR report looks into the regional markets of agricultural equipment like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Agricultural equipment is becoming technologically advanced owing to the commonality of technologies like the Internet of Things (IoT) and Artificial Intelligence (AI), which is expected to drive the market growth over the forecast period. Equipment innovation is being aided by digital technology that allows more data-driven, responsive, and precise agricultural operations. Digital technologies such as smart solutions, robotic technology, and machine learning provide real-time intelligence on factors, including soil conditions, weather conditions, crop yield monitors, and GPS-driven monitoring equipment, including unmanned aerial vehicles (UAV). The rising adoption of advanced agricultural equipment is fostering the market growth. In addition, the smart software allows for an enhanced systematic consideration of factors such as market conditions, price trends, weather, and transportation costs, among others, thus boosting productivity. Hence, technologically-driven equipment is anticipated to propel the market in the coming years.
Furthermore, the growing consciousness among people regarding organic, chemical-free food consumptions to ensure healthy living is robustly encouraging farmers to adopt technologically advanced tools. In addition, owing to the rising environmental concerns, manufacturers are increasingly producing equipment like tractors, harvesting tools, and haying equipment that are sustainable, consume less energy and comply with environmental regulations. Thus, emerging trends in precision farming with technologically-driven equipment is anticipated to propel the market growth in coming years.
The report presents a detailed analysis of the following key players in the global agricultural equipment market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
Breakup by Product | Tractors, Harvesters, Planting Equipment, Irrigation and Crop Processing Equipment, Spraying Equipment, Hay and Forage Equipment, Others |
Breakup by Application | Land Development and Seed Bed Preparation, Sowing and Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-Harvest and Agro Processing |
Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
Companies Covered | Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Kubota Corporation, ISEKI & CO., LTD., Others |
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Agricultural Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Agricultural Equipment Historical Market (2018-2022)
8.3 Global Agricultural Equipment Market Forecast (2023-2028)
8.4 Global Agricultural Equipment Market by Product
8.4.1 Tractors
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Harvesters
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Planting Equipment
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.3.4 Breakup by Type
8.4.3.4.1 Row Crop Planters
8.4.3.4.2 Air seeders
8.4.3.4.3 Grain drills
8.4.3.4.4 Others
8.4.4 Irrigation and Crop Processing Equipment
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Spraying Equipment
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Hay and Forage Equipment
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Agricultural Equipment Market by Application
8.5.1 Land Development and Seed Bed Preparation
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Sowing and Planting
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Weed Cultivation
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Plant Protection
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Harvesting and Threshing
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Post-Harvest and Agro Processing
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.6 Global Agricultural Equipment Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Agricultural Equipment Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Agricultural Equipment Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Agricultural Equipment Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Agricultural Equipment Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Agricultural Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8432)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Deere & Company
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 CNH Industrial N.V.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 AGCO Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Mahindra & Mahindra Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Kubota Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 ISEKI & CO., LTD.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Agricultural Equipment Market: Key Industry Highlights, 2018 and 2028
2. Global Agricultural Equipment Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Agricultural Equipment Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Agricultural Equipment Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Agricultural Equipment Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Agricultural Equipment Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Agricultural Equipment Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Agricultural Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Agricultural Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Agricultural Equipment Market Structure
The global agricultural equipment market attained a value of nearly USD 164.8 billion in 2020.
The market is projected to grow at a CAGR of 8.9% in the forecast period of 2023-2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach about USD 260.3 billion by 2026.
The industry for agricultural equipment is being driven by mechanisation of agricultural tools to boost productivity and reduce human labour. Other factors such as government incentives and subsidies for farmers to adopt advanced technology is also contributing to the market growth.
The global market for agricultural equipment is being propelled by integration of digital technologies like the Internet of Things (IoT) and artificial intelligence (AI) in precise farming.
The major regional markets for agricultural equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different products of agricultural equipment are tractors, harvesters, planting equipment, irrigation and crop processing equipment, spraying equipment, and hay and forage equipment, among others.
The major applications of agricultural equipment include land development and seed bed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro processing.
The major players in the industry are Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Kubota Corporation, and ISEKI & CO., LTD., among others.
The global agricultural equipment market attained a value of about USD 164.8 billion in 2020, driven by favourable government incentives. Aided by integration of digital technology, the market is expected to grow at a CAGR of 8.9% in the forecast period of 2023-2028 to reach nearly USD 260.3 billion by 2026.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of product, the market can be divided into tractors, harvesters, planting equipment, irrigation and crop processing equipment, spraying equipment, and hay and forage equipment, among others. Based on application, the market can be segmented into land development and seed bed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro processing. The major regional markets for agricultural equipment are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Kubota Corporation, and ISEKI & CO., LTD., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.