The agriculture equipment market is forecasted to grow by USD 66.53 bn during 2023-2028, accelerating at a CAGR of 6.05% during the forecast period. The report on the agriculture equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for agricultural equipment due to labor shortage, government subsidies to promote agricultural sector, and increasing launch of new agriculture equipment by vendors.
Technavio's agriculture equipment market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.02%
CAGR
6.05%
Incremental Value
$66.53bn
By Type
Tractors
Harvesters machinery
Planting equipment
Others
By Product Type
Manual
Automatic
Semi-automatic
By Geography
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the implementation of ai in agriculture equipment as one of the prime reasons driving the agriculture equipment market growth during the next few years. Also, rising deployment of agricultural equipment for precision farming and increasing m and a among vendors operating in the market will lead to sizable demand in the market.
The report on the agriculture equipment market covers the following areas:
Agriculture equipment market sizing
Agriculture equipment market forecast
Agriculture equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agriculture equipment market vendors that include AGCO Corp., Alamo Group Inc., American Spring and Pressing Works Pvt. Ltd., Beri Udyog Pvt. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Deere and Co., ISEKI and Co. Ltd., Kinze Manufacturing Inc., Kovai Classic Industries, Kubota Corp., Mahindra and Mahindra Ltd., ROSTA AG, Shandong Heavy Industry Group Co. Ltd., Summit Steel and Manufacturing Inc., Tractors and Farm Equipment Ltd., Trimble Inc., Zetor Tractors as, EcoRobotix SA, and Yanmar Holdings Co. Ltd.. Also, the agriculture equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global agriculture equipment market 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Product type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Type
6.1 Market segments
6.2 Comparison by Type
6.3 Tractors - Market size and forecast 2023-2028
6.4 Harvesters machinery - Market size and forecast 2023-2028
6.5 Planting equipment - Market size and forecast 2023-2028
6.6 Others - Market size and forecast 2023-2028
6.7 Market opportunity by Type
7 Market Segmentation by Product Type
7.1 Market segments
7.2 Comparison by Product Type
7.3 Manual - Market size and forecast 2023-2028
7.4 Automatic - Market size and forecast 2023-2028
7.5 Semi-automatic - Market size and forecast 2023-2028
7.6 Market opportunity by Product Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028