Description
Agricultural equipment refers to machinery, tools, and vehicles used in various agricultural activities to enhance productivity, efficiency, and effectiveness. It includes a wide range of equipment such as tractors, harvesters, planters, irrigation systems, sprayers, and more. The global agriculture equipment market is expected to increase by USD 79.5 billion, at a compound annual growth rate (CAGR) of 5.29% from 2023 to 2029, according to the latest edition of the Global Agriculture Equipment Market Report. The growing global population and changing dietary preferences have led to an increased demand for food. Agricultural equipment plays a crucial role in improving agricultural productivity and meeting the rising food demand.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global agriculture equipment market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.
Market Segmentation
Type: tractor, harvester, cultivation and soil separation equipment, others
Function: harvesting, planting and fertilizing, haying, plowing and cultivation, others
Sales channel: OEM, aftermarket
Region: Asia-Pacific, Europe, North America, RoW (Rest of World)
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, function, sales channel, and region. The global market for agriculture equipment can be segmented by type: tractor, harvester, cultivation and soil separation equipment, others. Globally, the tractor segment made up the largest share of the agriculture equipment market. Agriculture equipment market is further segmented by function: harvesting, planting and fertilizing, haying, plowing and cultivation, others. The harvesting segment captured the largest share of the market in 2022. Based on sales channel, the agriculture equipment market is segmented into: OEM, aftermarket. According to the research, the OEM segment had the largest share in the global agriculture equipment market. On the basis of region, the agriculture equipment market also can be divided into: Asia-Pacific, Europe, North America, RoW (Rest of World). Asia-Pacific held the largest revenue share in 2022.
Major Companies and Competitive Landscape
The report also provides a detailed analysis of several leading agriculture equipment market vendors that include AGCO Corporation, CLAAS KGaA GmbH, CNH Industrial N.V., Daedong Industrial Co., Deere & Company, Escorts Limited, ISEKI & Co., Ltd., JC Bamford Excavators Limited, Kubota Corporation, Mahindra & Mahindra Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Scope of the Report
To analyze and forecast the market size of the global agriculture equipment market.
To classify and forecast the global agriculture equipment market based on type, function, sales channel, region.
To identify drivers and challenges for the global agriculture equipment market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global agriculture equipment market.
To identify and analyze the profile of leading players operating in the global agriculture equipment market.
Why Choose This Report
Gain a reliable outlook of the global agriculture equipment market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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