Global Agriculture And Farm Equipment Market Size By Product (Irrigation & Crop Processing Equipment, Spraying Equipment), By Application (Sowing & planting, Weed Cultivation), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Agriculture And Farm Equipment Market Size And Forecast

Agriculture And Farm Equipment Market size was valued at USD 233 Billion in 2021 and is projected to reach USD 485.43 Billion by 2030, growing at a CAGR of 8.80% from 2022 to 2030.

automatic and semiautomatic agriculture equipment to increase the cultivation efficiencies on farms. The employment of agriculture equipment assists in cultivation of more crop in less time and effort increases the production of food for the growing population. Thus, upsurge in global population boosts the demand for agriculture equipment, which, in turn, drives the agriculture equipment market growth.\r\nHowever, Factors such as the price of the equipment as well as the lack awareness when it comes to the wide range of equipment that is available for a various range of applications in terms of farm and agriculture are restraining the market for Agriculture and Farm Equipment. Illiteracy and unavailability of proper resources as well as monetary measures negatively affect the implementation of agriculture equipment. Moreover, the government support for the development of farming activities, such as provision of subsidies for acquiring seeds, fertilizers, and agriculture equipment create lucrative opportunities for the growth of agriculture equipment market.\r\nGlobal Agriculture and Farm Equipment MarketSegmentation Analysis\r\nThe Global Agriculture and Farm Equipment Market is segmented based on Product, Application, and Geography.\r\nGlobal Agriculture and Farm Equipment Market by Product\r\n•\tIrrigation & crop processing equipment\r\n•\tSpraying equipment\r\n•\tHay & forage equipment\r\n•\tTractors\r\n•\tHarvesters\r\n•\tOthers\r\nBased on Product, the market is bifurcated Irrigation & crop processing equipment, Spraying equipment, Hay & forage equipment, Tractors, Harvesters, and Others. Tractors hold the largest share among all the Agriculture and farm equipment. Companies are collaborating with application companies to promote leasing business and encourage farmers to use farm equipment at affordable prices. The rental market for tractors in developing is expected to grow significantly during the forecast period, owing to the increasing farm mechanization and the growth of rental services. Thus, rising concerns over farm productivity across the globe and increasing farm mechanization would subsequently impel the growth of the tractor rental market during the forecast period.\r\nGlobal Agriculture and Farm Equipment Market by Application\r\n•\tSowing & planting\r\n•\tWeed cultivation\r\n•\tPlant protection\r\n•\tLand development & seedbed preparation\r\n•\tHarvesting & Threshing\r\n•\tPost-harvest & agro-processing\r\nBased on Application, the market is bifurcated into Sowing & planting, Weed cultivation, Plant protection, Land development & seedbed preparation, Harvesting & Threshing, and Post-harvest & agro-processing. Harvesting and threshing applications, on the other hand, are anticipated to exhibit the highest CAGR of more than 10.0% over the forecast period. The primary factor behind increasing demand for farm products across several applications, such as land development, plant protection, harvesting, and sowing and planting, is shortage of farm labor. Since agriculture is a labor-intensive and time-consuming process, labor employment has become expensive. This is further aggravated by the fact that there is scarcity of localized labor supply across the globe owing to shift of focus among people toward other jobs.\r\nGlobal Agriculture and Farm Equipment Market by Geography\r\n•\tNorth America\r\n•\tEurope\r\n•\tAsia Pacific\r\n•\tRest of the world\r\nOn the basis of regional analysis, the Global Agriculture and Farm Equipment Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America had the highest share in Cyber Security Software Market due to the higher demand for security solutions. North America has high number of headquarters and offices for global enterprises which creates the higher demand in the region. Also, stringent government regulations to employ security measures for data protection are also helping to augment for the growth of Cyber Security Software Market in the region. On the other hand, Asia Pacific has the highest growth rate due to increased spending by governments in developing nations and rise of industries in Asia Pacific. \r\n"}'>The increase in the world population has resulted in a tremendous increase in food consumption, which has translated into a desire for cost-effective means of yielding more crops with modern agricultural instruments. As a result, market movements are likely to be influenced. The study on the global agriculture and farm equipment market provides a comprehensive analysis of the industry. The Global Agriculture And Farm Equipment Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

automatic and semiautomatic agriculture equipment to increase the cultivation efficiencies on farms. The employment of agriculture equipment assists in cultivation of more crop in less time and effort increases the production of food for the growing population. Thus, upsurge in global population boosts the demand for agriculture equipment, which, in turn, drives the agriculture equipment market growth.\r\nHowever, Factors such as the price of the equipment as well as the lack awareness when it comes to the wide range of equipment that is available for a various range of applications in terms of farm and agriculture are restraining the market for Agriculture and Farm Equipment. Illiteracy and unavailability of proper resources as well as monetary measures negatively affect the implementation of agriculture equipment. Moreover, the government support for the development of farming activities, such as provision of subsidies for acquiring seeds, fertilizers, and agriculture equipment create lucrative opportunities for the growth of agriculture equipment market.\r\nGlobal Agriculture and Farm Equipment MarketSegmentation Analysis\r\nThe Global Agriculture and Farm Equipment Market is segmented based on Product, Application, and Geography.\r\nGlobal Agriculture and Farm Equipment Market by Product\r\n•\tIrrigation & crop processing equipment\r\n•\tSpraying equipment\r\n•\tHay & forage equipment\r\n•\tTractors\r\n•\tHarvesters\r\n•\tOthers\r\nBased on Product, the market is bifurcated Irrigation & crop processing equipment, Spraying equipment, Hay & forage equipment, Tractors, Harvesters, and Others. Tractors hold the largest share among all the Agriculture and farm equipment. Companies are collaborating with application companies to promote leasing business and encourage farmers to use farm equipment at affordable prices. The rental market for tractors in developing is expected to grow significantly during the forecast period, owing to the increasing farm mechanization and the growth of rental services. Thus, rising concerns over farm productivity across the globe and increasing farm mechanization would subsequently impel the growth of the tractor rental market during the forecast period.\r\nGlobal Agriculture and Farm Equipment Market by Application\r\n•\tSowing & planting\r\n•\tWeed cultivation\r\n•\tPlant protection\r\n•\tLand development & seedbed preparation\r\n•\tHarvesting & Threshing\r\n•\tPost-harvest & agro-processing\r\nBased on Application, the market is bifurcated into Sowing & planting, Weed cultivation, Plant protection, Land development & seedbed preparation, Harvesting & Threshing, and Post-harvest & agro-processing. Harvesting and threshing applications, on the other hand, are anticipated to exhibit the highest CAGR of more than 10.0% over the forecast period. The primary factor behind increasing demand for farm products across several applications, such as land development, plant protection, harvesting, and sowing and planting, is shortage of farm labor. Since agriculture is a labor-intensive and time-consuming process, labor employment has become expensive. This is further aggravated by the fact that there is scarcity of localized labor supply across the globe owing to shift of focus among people toward other jobs.\r\nGlobal Agriculture and Farm Equipment Market by Geography\r\n•\tNorth America\r\n•\tEurope\r\n•\tAsia Pacific\r\n•\tRest of the world\r\nOn the basis of regional analysis, the Global Agriculture and Farm Equipment Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America had the highest share in Cyber Security Software Market due to the higher demand for security solutions. North America has high number of headquarters and offices for global enterprises which creates the higher demand in the region. Also, stringent government regulations to employ security measures for data protection are also helping to augment for the growth of Cyber Security Software Market in the region. On the other hand, Asia Pacific has the highest growth rate due to increased spending by governments in developing nations and rise of industries in Asia Pacific. \r\n"}'> Global Agriculture and Farm Equipment Market Definition

Agriculture and farming equipment include a wide range of machinery and instruments that aid in executing various operations to improve the quality and quantity of output. Implementing machinery has resulted in significant improvements, including time savings, labor cost reductions, and the proper utilization of inputs to achieve the desired outcome. Agriculture equipment makes farming easier and makes the operation more efficient and lucrative. It improves crop quality while lowering labor expenses.

Hand sickles, axes, hoes, shovels and spades, and pickaxes are examples of farming tools. Various agriculture equipment manufacturers are concentrating on integrating multiple technologies into the farming device to improve its efficiencies, such as Google Earth, Robotic Systems, and GPS. In this business, the use of equipment makes procedures and activities much easier and more efficient while also reducing the amount of labor that needs to be done by humans. Irrigation and crop processing equipment, spraying equipment, hay and forage equipment, tractors, harvesters, and other goods can be used in the agricultural and farm business. Furthermore, traditional farming processes like plowing, tilling, and sowing are being phased out in favor of modern agricultural techniques, resulting in increased demand for the commodity in the coming years. Furthermore, sophisticated farming instruments such as sprayers, harvesters, hay & forage devices, and crop & irrigation processing devices are used in various farming operations to increase crop yield and quality.

automatic and semiautomatic agriculture equipment to increase the cultivation efficiencies on farms. The employment of agriculture equipment assists in cultivation of more crop in less time and effort increases the production of food for the growing population. Thus, upsurge in global population boosts the demand for agriculture equipment, which, in turn, drives the agriculture equipment market growth.\r\nHowever, Factors such as the price of the equipment as well as the lack awareness when it comes to the wide range of equipment that is available for a various range of applications in terms of farm and agriculture are restraining the market for Agriculture and Farm Equipment. Illiteracy and unavailability of proper resources as well as monetary measures negatively affect the implementation of agriculture equipment. Moreover, the government support for the development of farming activities, such as provision of subsidies for acquiring seeds, fertilizers, and agriculture equipment create lucrative opportunities for the growth of agriculture equipment market.\r\nGlobal Agriculture and Farm Equipment MarketSegmentation Analysis\r\nThe Global Agriculture and Farm Equipment Market is segmented based on Product, Application, and Geography.\r\nGlobal Agriculture and Farm Equipment Market by Product\r\n•\tIrrigation & crop processing equipment\r\n•\tSpraying equipment\r\n•\tHay & forage equipment\r\n•\tTractors\r\n•\tHarvesters\r\n•\tOthers\r\nBased on Product, the market is bifurcated Irrigation & crop processing equipment, Spraying equipment, Hay & forage equipment, Tractors, Harvesters, and Others. Tractors hold the largest share among all the Agriculture and farm equipment. Companies are collaborating with application companies to promote leasing business and encourage farmers to use farm equipment at affordable prices. The rental market for tractors in developing is expected to grow significantly during the forecast period, owing to the increasing farm mechanization and the growth of rental services. Thus, rising concerns over farm productivity across the globe and increasing farm mechanization would subsequently impel the growth of the tractor rental market during the forecast period.\r\nGlobal Agriculture and Farm Equipment Market by Application\r\n•\tSowing & planting\r\n•\tWeed cultivation\r\n•\tPlant protection\r\n•\tLand development & seedbed preparation\r\n•\tHarvesting & Threshing\r\n•\tPost-harvest & agro-processing\r\nBased on Application, the market is bifurcated into Sowing & planting, Weed cultivation, Plant protection, Land development & seedbed preparation, Harvesting & Threshing, and Post-harvest & agro-processing. Harvesting and threshing applications, on the other hand, are anticipated to exhibit the highest CAGR of more than 10.0% over the forecast period. The primary factor behind increasing demand for farm products across several applications, such as land development, plant protection, harvesting, and sowing and planting, is shortage of farm labor. Since agriculture is a labor-intensive and time-consuming process, labor employment has become expensive. This is further aggravated by the fact that there is scarcity of localized labor supply across the globe owing to shift of focus among people toward other jobs.\r\nGlobal Agriculture and Farm Equipment Market by Geography\r\n•\tNorth America\r\n•\tEurope\r\n•\tAsia Pacific\r\n•\tRest of the world\r\nOn the basis of regional analysis, the Global Agriculture and Farm Equipment Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America had the highest share in Cyber Security Software Market due to the higher demand for security solutions. North America has high number of headquarters and offices for global enterprises which creates the higher demand in the region. Also, stringent government regulations to employ security measures for data protection are also helping to augment for the growth of Cyber Security Software Market in the region. On the other hand, Asia Pacific has the highest growth rate due to increased spending by governments in developing nations and rise of industries in Asia Pacific. \r\n"}'>Global Agriculture and Farm Equipment Market Overview

The increase in the world population has resulted in a tremendous in

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