Agriculture And Farm Equipment & Machinery Market Share Evolution and Market Growth Trends 2024 - 2031

Executive Summary

The Agriculture And Farm Equipment & Machinery market research reports indicate a positive growth outlook, with the market expected to grow at a CAGR of % during the forecasted period. The market is driven by increasing demand for advanced equipment to improve productivity and efficiency in agricultural practices.

Key market trends include a shift towards mechanization, adoption of precision farming techniques, and increasing focus on sustainable agriculture practices. Additionally, the integration of IoT and AI technologies in farm equipment is expected to drive market growth in the coming years.

Geographically, North America, Asia-Pacific, Europe, the USA, and China are key regions driving the Agriculture And Farm Equipment & Machinery market. North America is a significant market for advanced farming technologies, while Asia-Pacific is witnessing rapid adoption of mechanization in agricultural practices. Europe is also a key region due to the presence of technologically advanced farming equipment manufacturers.

The USA is a major market for farm equipment, with a high adoption rate of advanced machinery and technologies. China is also a key market, driven by the large agricultural sector in the country.

In conclusion, the Agriculture And Farm Equipment & Machinery market is poised for significant growth, driven by technological advancements and increasing focus on improving agricultural productivity. Key regions like North America, Asia-Pacific, Europe, the USA, and China are expected to drive market growth in the coming years.

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Market Segmentation:

This Agriculture And Farm Equipment & Machinery Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Agriculture And Farm Equipment & Machinery Market is segmented into:

• AGCO Corp.
• CNH Industrial N.V.
• Iseki &,
• Same Deutz-Fahr Group S.p.A. (SDF)
• J.C. Bamford Excavators Limited
• Kubota Corporation
• Mahindra & Mahindra Limited
• Deere & Company

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The Agriculture And Farm Equipment & Machinery Market Analysis by types is segmented into:

• Tractors
• Harvesters
• Planting Equipment
• Irrigation & Crop Processing Equipment
• Spraying Equipment
• Hay & Forage Equipment
• Others

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The Agriculture And Farm Equipment & Machinery Market Industry Research by Application is segmented into:

• Land Development & Seed Bed Preparation
• Sowing & Planting
• Weed Cultivation
• Plant Protection
• Harvesting & Threshing
• Post-harvest & Agro Processing

In terms of Region, the Agriculture And Farm Equipment & Machinery Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Agriculture And Farm Equipment & Machinery Market

Key drivers in the Agriculture And Farm Equipment & Machinery market include increasing mechanization of agriculture, growing demand for precision farming techniques, and government support towards improving agricultural productivity. Additionally, technological advancements such as IoT and AI integration in farm machinery are also driving market growth. However, barriers in the market include high initial costs of equipment, lack of awareness and training in using advanced machinery, and limited access to credit for small-scale farmers. Challenges faced in the market include increasing environmental concerns, changing weather patterns affecting crop yields, and trade barriers impacting global demand for agricultural equipment.

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Competitive Landscape

AGCO Corp. is a global leader in the design, manufacture, and distribution of agricultural equipment. The company was founded in 1990 and has grown to become one of the largest agriculture machinery producers in the world. AGCO is known for its innovative technologies and commitment to sustainability in agriculture. The company's market growth has been steady over the years, with a strong presence in markets across North America, Europe, and Asia. AGCO's sales revenue reached $ billion in 2020, showcasing its significant market size and revenue potential in the agricultural equipment industry.

CNH Industrial N.V. is another key player in the agriculture and farm equipment market. The company was formed in 2013 through the merger of Fiat Industrial and CNH Global. CNH Industrial has a diverse product portfolio that includes tractors, combine harvesters, and construction equipment. The company operates globally and has a strong presence in key markets such as North America and Europe. CNH Industrial reported sales revenue of $27.4 billion in 2020, underscoring its position as a major player in the agriculture machinery sector.

Kubota Corporation is a Japanese multinational company that specializes in the manufacture of agricultural equipment, engines, and construction machinery. With a history dating back to 1890, Kubota has established itself as a leading brand in the global agriculture equipment market. The company's market growth has been fueled by its commitment to innovation and customer satisfaction. Kubota reported sales revenue of $18.1 billion in 2020, demonstrating its strong market presence and revenue generation in the agriculture and farm equipment industry.

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