Global Agriculture Equipment Market Is Projected To Grow At A CAGR Of 7.1% During The Forecast Period

Agriculture Equipment Market Overview

Global Agriculture Equipment Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Agriculture Equipment market. This report provides a detailed overview of key factors in the Agriculture Equipment Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Agriculture Equipment in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.

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According to our research, the global market grew by an average of 6.2% between 2019 and 2020.

In the next few years, there will be a lot of pressure to make agricultural land more productive, which will make farmers and land owners more likely to use automation technologies in their farming equipment. Also, there are fewer people to hire, and in many countries it is very expensive to keep cattle healthy on the job site. Because of this, customers are taking advantage of the benefits of updated farming equipment.

Some of the key players profiled in the study are
AGCO Corporation (U.S.), Alamo Group Inc. (U.S.), China National Machinery Industry Corporation (China), CNH Industrial N.V. (U.K.), CLAAS KGaA GmbH (Japan), Deere & Company (U.S.), Kubota Corporation (Japan), Mahindra & Mahindra (India), SDF S.p.A. (Italy), Valmont Industries Inc. (U.S.), and Others.

Industry News:

• In May 2022: AGCO Corporation, a leading global distributor and manufacturer of agriculture equipment, machinery, and precision agriculture technology, acquired JCA Industries, Inc., which is a leading provider of autonomous software for agriculture equipment and electronic system. This acquisition will allow AGCO Corporation to utilize JCA technologies precision agriculture software in its agriculture machinery, which will improve the experience of customers of AGCO Corporation.
• In January 2022: New Holland Tractors, a leading provider of heavy-duty tractors, partnered with Alamo Group. This will allow New Holland to provide a pre-dispatched package of agricultural auxiliary equipment of Alamo Group along with New Holland Tractors. Moreover, through this partnership, New Holland Tractors can expand to offer solutions in a variety of applications with complimentary tractors in one packaged deal.

Agriculture Equipment Market Segmentation:

By Equipment Type:

• Agriculture Tractors
• Harvesting Equipment
• Irrigation & Crop Processing Equipment
• Agriculture Spraying & Handling Equipment
• Soil Preparation & Cultivation Equipment
• Others

By Application:

• Land Development
• Threshing and Harvesting
• Plant Protection
• After Agro Processing
• Other

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.

The Asia-Pacific market was worth USD 59.23 billion in 2021, and over the next five years, it is expected to grow at an impressive 8.3% CAGR. China, India, and many other countries in the ASEAN region have had fast and smooth economic growth, which has led to growth in the market and in the Asia-Pacific region as a whole. Customers in developing countries in the area are becoming more and more reliant on machines, which is another important reason for the growth.

The Asia-Pacific market is expected to be worth 111.87 billion USD by the year 2030. This is because a lot of electrical drives, digitalization, computer sensing, and control are used in equipment and machinery. People think that China has the biggest share of the market for agricultural equipment because there are so many places to make things there. Many established and well-known market players use both organic and inorganic business strategies to keep up their performance in Japan's mature market and take advantage of opportunities in India, South Korea, Taiwan, and ASEAN countries. Companies are trying to get more customers by adding new products and technologies to their lines.

India's government gives subsidies and other benefits to encourage more people to buy and use modern equipment. It is expected that the commitment of governments to mechanising agriculture will help growth in the whole region. Agriculture is a big part of the country's gross domestic product, which shows how important it is to update farming methods all over the country.

For example, India's central government decided in 2022 to help farmers by giving them a 50% to 80% discount on the cost of farming equipment. The government has also said that if they want to increase crop yield and double farmer income, they need to use new machines and tools.

Big companies like AGCO Corporation, Alamo Group Inc., Deere & Company, and Valmont Industries are all over the U.S., which helps the agricultural equipment market in North America grow. Also, the unspoken efforts of these companies to improve technology through strong investments in research and development, strategic partnerships, acquisitions, collaborations, and joint ventures are seen as key factors that boost the development potential of North America.

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Table of Content of Agriculture Equipment Market:

1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Agriculture Equipment market (2022-2030).

2: Exclusive Summary – the basic information of the Global Agriculture Equipment Market.

3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Agriculture Equipment; Post COVID Analysis.

4: Presenting the Global Agriculture Equipment Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

5: Displaying the by Type, End User and Region/Country 2017-2022.

6: Evaluating the leading manufacturers of the Global Agriculture Equipment Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.

7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2030).

... To be continued

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Key Questions Answered in the Agriculture Equipment Market Report:

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