Agriculture Equipment Market Size, Sales Volume, Status Till 2030

 

Agriculture Equipment Market

The global agriculture equipment market size is expected to grow at a CAGR of around 5% during 2023-2030. This report on global agriculture equipment market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global agriculture equipment market by segmenting the market based on equipment type, application, sales channel, automation and region. Also, detailed profiles of companies operating in the agriculture equipment market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

 

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Agriculture Equipment Market refers to various machines and tools used in farming operations such as plowing, planting, harvesting, and irrigation. The global agriculture equipment market includes different types of equipment such as tractors, harvesters, sprayers, and irrigation systems. The market has been growing steadily due to the increasing demand for food and the need to improve agricultural productivity.

 

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agriculture Equipment Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

 

Market Trends

The global agriculture equipment market is the development of autonomous and robotic equipment. These machines can perform farming tasks without human intervention, improving efficiency and reducing labor costs. The use of these machines can also reduce the environmental impact of agriculture by minimizing the use of chemicals and reducing soil compaction. the increasing use of telematics and data analytics in agriculture equipment. These technologies can provide real-time information about equipment performance, crop yields, and soil conditions, allowing farmers to optimize their operations and improve productivity.

 

Market Overview:

According to publisher estimates, the global agriculture equipment market is forecasted to grow at a robust CAGR in the period of 2022-2027, owing to increasing population throughout the globe, increasing mechanization in the agriculture sector coupled with the surge in farmers’ income.

The Asia Pacific region is expected to hold a significant global agricultural equipment market share during the forecast period. Due to the region's dependence on agriculture for a sizable portion of its economies

The increasing welfare programs by the government in the agriculture sector shows a significant role in the equipment market.

Agricultural equipment market assists in various agricultural operations to obtain high crop productivity with minimum effort and time. It includes diversified products such as plows, tractors, cultivators, and harvesters as per the requirement of various agricultural activities. For applications such as tilling, plowing, harrowing, planting, disking, and other operations, various implements are attached to the tractors.

Rise in mechanization in agricultural activities is a key factor driving the growth of the global agricultural equipment market. In addition, surge in population propels the need for crop cultivation. Thus, to sustain the demand of agricultural produce, farmers have switched toward the use of automated and semi-automated agricultural equipment on fields globally, which significantly contributes toward global market growth.

The agriculture equipment market is segmented into type, automation, business, and region. Depending on type, the market is categorized into tractors, harvesters, soil preparation & cultivation, irrigation & crop processing, agriculture spraying equipment, hay & forage machines, and others. By automation, it is segregated into manual, semi-automatic, and automatic equipment. On the basis of business, it is bifurcated into original equipment manufacturers (OEM) and aftersales.

Region wise, the agriculture equipment market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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Key Market Segments

Agriculture Equipment Market, By Type

 

Agriculture Spraying Equipment

Hay and Forage Machines

Others

Tractors

Harvesters

Soil Preparation and Cultivation

Irrigation and Crop Processing

Agriculture Equipment Market, By Automation

 

Manual

Semi automatic

Automatic

Agriculture Equipment Market, By Business

 

Original Equipment Manufacturers (OEMs)

Aftersales

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

LAMEA

Latin America

Middle East

Africa

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