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Agriculture Equipment Market
Agriculture Equipment Market
Agriculture Equipment Market Share, Size, Trends, Industry Analysis Report, By Type, By Automation, By Business, By Region, Segment Forecast, 2022 - 2030
Agriculture Equipment Market Overview:
The global Agriculture Equipment market was valued at around USD 121.6 billion in 2022 and is expected to register a CAGR of 7.8% during the review period to reach to around USD 220.9 billion by end of 2030. Agriculture equipment can be defined as equipment or machines which are used in farming activities. Agriculture equipment helps improve the production and productivity of crops through farm mechanization. Also, it promotes efficient utilization of natural resources such as land and water.
Agriculture Equipment Market Segmentation:
By type, the global agriculture equipment market has been segmented into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment and others. The tractors segment accounted for the largest market share in 2022 and is expected to register significant growth during the review period. A tractor is known as a machine which provides power for performing several agricultural tasks such as plowing, cultivating, planting, fertilizing, and harvesting crops. Also, it can be used for personal transportation and hauling materials. The harvester equipment segment is expected to register substantial growth during the review period. A harvester is used to cut and collect crops including maize, wheat or vegetables. The irrigation & crop processing equipment is segment is expected to register a healthy growth during the review period on account of expanding agricultural activities across the geographies.
Based on automation, the global agriculture equipment market has been segmented into manual, semi-automatic and automatic. The manual segment accounted for the largest market share in 2022 and is expected to grow at a significant CAGR during the review period. The demand for automatic equipment is likely to increase exponentially due to convenience and improved productivity.
By application, the global agriculture equipment market has been segmented into land development & seed bed preparation, sowing & planting, weeds cultivation, plant protection, harvesting & threshing and post-harvest & agro processing. The land development & seed bed preparation segment accounted for the largest market share in 2022 and is expected to grow at a significant CAGR during the review period. The segment growth can be attributed to shortage of farm labours as agriculture is labour-intensive & time consuming which has increased the demand for equipment for land development, sowing, planting and harvesting among others.
By sales channel, the global agriculture equipment market has been segmented into original equipment manufacturers (OEM) and aftermarket. The original equipment manufacturers segment accounted for the largest market share in 2022. The aftermarket segment is projected to witness fastest growth during the review period on account of increasing number of aftermarket centers in developing countries including India, China, and Brazil among others.
Agriculture Equipment Market Dynamics and Factors:
The growth of the global agriculture equipment market is primarily driven by rapidly expanding agriculture industry across the geographies. Increasing consumption of nutrient rich food products such as cereals is expected to drive the growth of the agriculture industry and thus, global agriculture equipment market. Growing adoption of modern farming practices particularly in the developed countries is likely to propel the global agriculture equipment market growth at a significant rate during the review period.
Rising demand for innovative and technologically equipped equipment is likely to create lucrative opportunities for the players operating in the global agriculture equipment market during the forecast period.
However, high cost of equipment is likely to hamper the global agriculture equipment market growth.
Agriculture Equipment Market Geographical Analysis:
By geography, the market has been segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. The market in Asia-Pacific accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period. China held the dominating share in the region in 2022. The regional market growth can be attributed to expanding growth of the agriculture industry particularly in the developing countries such as China and India. Expanding populace coupled with rising demand for nutrient rich food products and rising per capita disposable income of the consumers. In addition to this, presence of large number of aftermarket centers is another important factor contributing to the market growth in the region.
The market growth in North America is driven by the established presence of the agriculture industry particularly in US. In addition to this, growing use of modern farming techniques in the region is likely to propel the market growth at a significant rate during the review period.
The European market is expected to grow at a considerable CAGR on account of increasing demand for technologically advanced agriculture equipment. Germany was the largest revenue generating country in the region. Increasing use of modern agriculture equipment to improve crop productivity and utilize resources more effectively is expected to contribute to the market growth substantially.
The market in Latin America and the Middle East & Africa is expected to be driven by the growth of the agriculture industry with rising demand for nutrient rich food products coupled with rising per capita disposable income.
Agriculture Equipment Market Report Scope
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Segmentation of the Global Agriculture Equipment Market,2022 – 2030 |
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By Type |
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By Automation |
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By Business |
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By Region |
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Key Market Segmentation
Agriculture Equipment Market - By Type
o Agriculture Spraying Equipment
o Hay and Forage Machines
o Others
o Tractors
o Harvesters
o Soil Preparation and Cultivation
o Irrigation and Crop Processing
Agriculture Equipment Market - By Automation
o Manual
o Semi-automatic
o Automatic
Agriculture Equipment Market - By Business
o Original Equipment Manufacturers (OEMs)
o Aftersales
Agriculture Equipment Market - By Region
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Benelux
o Nordics
Rest of Europe
Asia-Pacific
o China
o India
o Japan
o South Korea
Rest of Asia-Pacific
Middle East and Africa
South America
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Mechanization of activities in agriculture.
3.4.1.2. Surge in population.
3.4.1.3. Increase in adoption of precision farming.
3.4.2. Restraints
3.4.2.1. Lack of information about efficient agriculture equipment among farmers.
3.4.3. Opportunities
3.4.3.1. Government support for the development of agricultural activities.
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: AGRICULTURE EQUIPMENT MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Tractors
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Harvesters
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Soil Preparation and Cultivation
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Irrigation and Crop Processing
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
4.6. Agriculture Spraying Equipment
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market share analysis by country
4.7. Hay and Forage Machines
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market share analysis by country
4.8. Others
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market share analysis by country
CHAPTER 5: AGRICULTURE EQUIPMENT MARKET, BY AUTOMATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Manual
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Semi automatic
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Automatic
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: AGRICULTURE EQUIPMENT MARKET, BY BUSINESS
6.1. Overview
6.1.1. Market size and forecast
6.2. Original Equipment Manufacturers (OEMs)
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Aftersales
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: AGRICULTURE EQUIPMENT MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by Automation
7.2.4. Market size and forecast, by Business
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Type
7.2.5.1.3. Market size and forecast, by Automation
7.2.5.1.4. Market size and forecast, by Business
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Type
7.2.5.2.3. Market size and forecast, by Automation
7.2.5.2.4. Market size and forecast, by Business
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Type
7.2.5.3.3. Market size and forecast, by Automation
7.2.5.3.4. Market size and forecast, by Business
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Type
7.3.3. Market size and forecast, by Automation
7.3.4. Market size and forecast, by Business
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Type
7.3.5.1.3. Market size and forecast, by Automation
7.3.5.1.4. Market size and forecast, by Business
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Type
7.3.5.2.3. Market size and forecast, by Automation
7.3.5.2.4. Market size and forecast, by Business
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Type
7.3.5.3.3. Market size and forecast, by Automation
7.3.5.3.4. Market size and forecast, by Business
7.3.5.4. Rest of Europe
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Type
7.3.5.4.3. Market size and forecast, by Automation
7.3.5.4.4. Market size and forecast, by Business
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Type
7.4.3. Market size and forecast, by Automation
7.4.4. Market size and forecast, by Business
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Type
7.4.5.1.3. Market size and forecast, by Automation
7.4.5.1.4. Market size and forecast, by Business
7.4.5.2. India
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Type
7.4.5.2.3. Market size and forecast, by Automation
7.4.5.2.4. Market size and forecast, by Business
7.4.5.3. Japan
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Type
7.4.5.3.3. Market size and forecast, by Automation
7.4.5.3.4. Market size and forecast, by Business
7.4.5.4. Rest of Asia-Pacific
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Type
7.4.5.4.3. Market size and forecast, by Automation
7.4.5.4.4. Market size and forecast, by Business
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Type
7.5.3. Market size and forecast, by Automation
7.5.4. Market size and forecast, by Business
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Type
7.5.5.1.3. Market size and forecast, by Automation
7.5.5.1.4. Market size and forecast, by Business
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Type
7.5.5.2.3. Market size and forecast, by Automation
7.5.5.2.4. Market size and forecast, by Business
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Type
7.5.5.3.3. Market size and forecast, by Automation
7.5.5.3.4. Market size and forecast, by Business
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Mahindra & Mahindra Ltd.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Escorts Limited
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. CNH Industrial N.V.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Deere & Company
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. AGCO Corporation
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. SDF S.p.A.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. AGROSTROJ Pelhřimov, a.s.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. China National Machinery Industry Corporation Ltd. (Sinomach)
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. J C Bamford Excavators Ltd. (JCB)
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. KUBOTA Corporation.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
Key Market Segmentation
Agriculture Equipment Market - By Type
o Agriculture Spraying Equipment
o Hay and Forage Machines
o Others
o Tractors
o Harvesters
o Soil Preparation and Cultivation
o Irrigation and Crop Processing
Agriculture Equipment Market - By Automation
o Manual
o Semi-automatic
o Automatic
Agriculture Equipment Market - By Business
o Original Equipment Manufacturers (OEMs)
o Aftersales
Agriculture Equipment Market - By Region
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Benelux
o Nordics
Rest of Europe
Asia-Pacific
o China
o India
o Japan
o South Korea
Rest of Asia-Pacific
Middle East and Africa
South America
Report ID: VBI81
----------------- Feb-2023
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Format: PDF/Excel
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