Global agricultural equipment market is expected to grow at a steady rate during the forecast period. The global agricultural equipment market is driven by the growing global demand for food. This has led to an increase in adoption of modern farming techniques and equipment that can help increase the overall yield. This in turn is expected to fuel the market growth through 2025. Furthermore, technological advancements such as use of drones, autonomous tractors, among others coupled with new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth over the next few years. Additionally, associated benefits such as improved crop quality, ease in farming, profitability, reduced labor costs and time, among others is further expected to propel the market growth during the forecast period.
The global agricultural equipment market is segmented based on type, automation, sales channel, application, company and region. Based on type, the market can be categorized into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment and others. Here, the tractors segment is expected to dominate the market during the forecast period on account of the growing automation activities. Additionally, tractors can be used in an agricultural field in a standalone manner and also in combination with other agricultural equipment. Based on application, the market can be fragmented into land development & seed bed preparation, sowing & planting, weed cultivation, plant protection, harvesting & threshing, post-harvest & agro processing and others. Among these, the harvesting and threshing segment is expected to hold a significant market share since it helps in easing the crop harvesting procedures and saves time and costs.
Regionally, the global agricultural equipment market
Major players operating in the global agricultural equipment market include John Deere (Deere & Company), AGCO Corporation, CNH Industrial N.V., CLAAS KGaA mbH, Kubota Corporation, Mahindra & Mahindra Limited, SDF Group, J C Bamford Excavators, Iseki & Co. Ltd., Agrocenter Ltd., AMAZONE Ltd., Agromaster, APV – Technische Produkte GmbH, Bellota, Escorts Group and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions. For instance, in January 2020, AGCO Corporation launched a new product Fendt Momentum planter for row crop producers in North America.
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and estimate the market size of
global agricultural equipment market from 2015 to 2018.
- To estimate and forecast the market size of global
agricultural equipment market from 2019 to 2025 and growth rate until
2025.
- To classify and forecast global agricultural
equipment market based on type, automation, sales channel, application, company
and regional distribution.
- To identify dominant region or segment in the
global agricultural equipment market.
- To identify drivers and challenges for global
agricultural equipment market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
agricultural equipment market.
- To identify and analyze the profile of leading
players operating in global agricultural equipment market.
- To identify key sustainable strategies adopted
by market players in global agricultural equipment market.
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performed both primary as well as exhaustive secondary research for this study. Initially, sourced a list of agricultural equipment manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, could include the agricultural equipment manufacturers which could not be identified due to the limitations of secondary research. analyzed the agricultural equipment manufacturers, distribution channels and presence of all major players across the globe.
calculated the market size of
Key Target Audience
- Agricultural equipment manufacturers,
suppliers, distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to agricultural equipment
- Market research and
consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as agricultural equipment
