by The agriculture equipment market was estimated at US$ 112.84 billion last year and is projected to hit around US$ 168.8 billion by 2030, registering a CAGR of 4.6% between 2021 and 2030. The report contains 180+ pages with detailed analysis.
The agriculture equipment includes various mechanized equipment such as tractors, harvesters, plant protection equipment, and irrigation equipment that helps in agricultural activities. This modern and technologically advanced equipment helps in producing higher yields with fewer efforts. Further, it saves time by boosting the activities, reduces the use of labor, and saves labor cost. Agriculture is the primary source of food across the globe.
And with the rapid increase in the global population, the demand for the food has increased rapidly, creating a pressure on the food supply chain. Therefore, the demand for the modern agriculture equipment has increased in order to obtain higher yields at less time, thereby propelling the growth of the global agriculture equipment market.
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Table of Contents
Crucial factors accountable for market growth are:
- Rising pressure on the food supply
- Growing demand for the agricultural crops from the food and beverages industry
- Increased government initiatives to develop agriculture sector
- Disadvantages associated with the extensive use of labor in agriculture
- Growing awareness regarding the use of agriculture equipment
- Increasing mechanization in the agricultural field
- Growing popularity of automatic equipment
Scope of the Agriculture Equipment Market Report
| Report Highlights | Details |
| Market Size in 2030 | USD 168.8 Billion |
| Growth Rate from 2021 to 2030 | CAGR of 4.6% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Application, Automation, Geography |
Market Dynamics
Driver: The rising demand for the mechanization of agricultural farms in the developing nations is a major driver of the global agriculture equipment market. The lack of water resources, lack of skilled labor, and growing dearth of agricultural land is fostering the adoption of mechanized agriculture equipment to generate higher yields by applying fewer resources. This is the primary driver of the global agriculture equipment.
Restraints: The high cost of the mechanized agriculture equipment coupled with less awareness regarding various agriculture equipment among the farmers are a major restraining factor that is expected to hamper the growth of the global agriculture equipment market during the forecast period.
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Opportunities: The rising developmental activities by the key market players in the agriculture equipment are expected to drive the market in the forthcoming years. For instance, XAG Co. Ltd. launched a jet-sprayer system, named R150 that automatically sprays pollens. It can be connected to the smartphone and can be operated from the smartphone through an app. These technological advancements offers a lucrative growth opportunities to the market players.
Challenges: The rapid industrialization and rapid urbanization are the major challenges that utilize a huge area of land and as a result, the agricultural lands are reducing day by day. The lack of the agricultural land is a major threat to the agriculture equipment industry.
The key players profiled in the global agriculture equipment market are
- CNH Industrial N V
- Mahindra and Mahindra Ltd.
- Deere & Company
- Kubota Corporation
- AGCO Corporation
- EXEL Industries
- SDF S.p.a.
- Bucher Industries AG
- Tractor and Farm Equipment Ltd.
- CLAAS KGaAmbH
- ISEKI & Co. Ltd.
Market Segmentation
By Product Type
- Harvesters
- Tractors
- Irrigation & Crop Process equipment
- Planting Equipment
- Others
By Application
- Land & Development
- Weed Cultivation
- Plant Protection
- Sowing & Planting
- Harvesting & Threshing
- Post-Harvest Agro Processing
By Automation
- Manual
- Semi-Automatic
- Automatic
Regional Segmentation
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Agriculture Equipment Market
5.1. COVID-19 Landscape: Agriculture Equipment Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Agriculture Equipment Market, By Product
8.1. Agriculture Equipment Market, by Product Type, 2021-2030
8.1.1. Harvesters
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Tractors
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Irrigation & Crop Process equipment
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Planting Equipment
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Agriculture Equipment Market, By Application
9.1. Agriculture Equipment Market, by Application, 2021-2030
9.1.1. Land & Development
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Weed Cultivation
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Plant Protection
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Sowing & Planting
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Harvesting & Threshing
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Post-Harvest Agro Processing
9.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Agriculture Equipment Market, By Automation
10.1. Agriculture Equipment Market, by Automation, 2021-2030
10.1.1. Manual
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Semi-Automatic
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Automatic
10.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Agriculture Equipment Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.3. Market Revenue and Forecast, by Automation (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Automation (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Automation (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.3. Market Revenue and Forecast, by Automation (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Automation (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Automation (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Automation (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Automation (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.3. Market Revenue and Forecast, by Automation (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Automation (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Automation (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Automation (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Automation (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.3. Market Revenue and Forecast, by Automation (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Automation (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Automation (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Automation (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Automation (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.3. Market Revenue and Forecast, by Automation (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Automation (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Automation (2019-2030)
Chapter 12. Company Profiles
12.1. CNH Industrial N V
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Mahindra and Mahindra Ltd.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Deere & Company
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Kubota Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. AGCO Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. EXEL Industries
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. SDF S.p.a.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Bucher Industries AG
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Tractor and Farm Equipment Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. CLAAS KGaAmbH
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. ISEKI & Co. Ltd.
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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