Agriculture Equipment Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2032

The report on the global agriculture equipment market provides qualitative and quantitative analysis for the period from 2022-2032. The global agriculture equipment market was valued at USD 166.45 billion in 2023 and is expected to reach USD 269.23 billion in 2032, with a CAGR of 5.50% during the forecast period of 2024-2032. The study on agriculture equipment market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2022-2032.

The report on agriculture equipment market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global agriculture equipment market over the period of 2022-2032. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global agriculture equipment market over the period of 2022-2032. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• The shift towards mechanized farming is driving the growth of the agriculture equipment market.
• Government initiatives and subsidies are driving the growth of the agriculture equipment market.

2) Restraints

• The growth in the rental market can hamper the growth of the agriculture equipment market.

3) Opportunities

• Precision agriculture is expected to offer lucrative opportunities for the growth of the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global agriculture equipment market is segmented on the basis of product, and application.

The Global Agriculture Equipment Market by Product

• Tractors
• Irrigation & Crop Processing Equipment
• Spraying Equipment
• Harvesting Equipment
• Planting Equipment
• Others

The Global Agriculture Equipment Market by Application

• Land Development & SeedBed Preparation
• Sowing & Planting
• Weed Cultivation
• Plant Protection
• Harvesting & Threshing
• Post-harvesting & Agro Processing

Company Profiles

The companies covered in the report include

• John Deere
• AGCO Corporation
• Mahindra&Mahindra Ltd.
• KUBOTA Corporation
• Alamo Group Inc.
• Exel Industries
• SDF Group
• ISEKI & CO.,LTD.
• Bobcat Company
• CLAAS KGaA mbH

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the agriculture equipment market.
2. Complete coverage of all the segments in the agriculture equipment market to analyze the trends, developments in the global market and forecast of market size up to 2032.
3. Comprehensive analysis of the companies operating in the global agriculture equipment market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.