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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Industry Players in the Global Agricultural Equipment Market
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.
- Deere & Company
- CNH Industrial N.V.
- AGCO Corporation
- Mahindra & Mahindra Ltd.
- Kubota Corporation
- ISEKI & CO., LTD.
- Others
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.
Agricultural Equipment Market Report Snapshots
Agricultural Equipment Market Size
Agricultural Equipment Market Growth
Agricultural Equipment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global agricultural equipment market attained a value of nearly USD 212.83 billion in 2023.
The market is projected to grow at a CAGR of 8.9% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 458.45 billion by 2032.
The market is being driven by mechanisation of agricultural tools to boost productivity and reduce human labour, and incentives and subsidies by various governments for farmers to adopt advanced agricultural equipment.
The key trends of the market for include the integration of digital technologies like the Internet of Things (IoT) and artificial intelligence (AI) in precision farming and increased focus on farm mechanisation.
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 key players in the global agricultural equipment market are Deere & Company, CNH Industrial N.V., AGCO Corporation, Mahindra & Mahindra Ltd., Kubota Corporation, and ISEKI & CO., LTD., among others.
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