Agricultural Equipment Market
Agricultural Equipment Market Study by Harvesting & Threshing, Weed Cultivation, Plant Protection, Post-harvest & Agro-processing, and Land Development & Seed Bed Preparation from 2024 to 2034
Analysis of Agricultural Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Agricultural Equipment Market Outlook (2024 to 2034)
Global agricultural equipment market revenue is projected to reach US$ 127.6 billion in 2024. The market has been forecasted to increase to a value of US$ 194.4 billion by the end of 2034, expanding at a CAGR of 4.3% between 2024 and 2034.
Agricultural equipment includes machinery, tools, and implements designed for farming and agricultural activities, used from land preparation and planting to cultivation, harvesting, and post-harvest processing. Farming equipment plays a crucial role in modern agriculture by increasing efficiency, productivity, and sustainability, while reducing labor and resource inputs. Farmers globally use agricultural equipment extensively to improve efficiency, reduce labor, and enhance productivity in modern farming operations.
Key Market Growth Drivers
- Demand for agricultural equipment and practices promoting sustainability is on the rise due to growing concerns about environmental sustainability, soil health, and water scarcity. Technologies such as conservation tillage equipment, no-till planters, cover crop seeders, and precision irrigation systems help farmers conserve resources, reduce greenhouse gas emissions, and protect soil and water quality.
- There is a greater push from governments, consumers, and stakeholders for more sustainable farming practices, increasing the environment-friendly agricultural equipment market size.
- Renting farm equipment is another major factor enabling farmers to harvest their crops on time by avoiding large upfront costs for equipment purchases, and it also offers them a convenient means of improving their operations.
- Factors such as government initiatives, rising urbanization rates, and time-saving properties are driving farmers to focus on mechanization and enhance their investment capacity. Government training programs for technicians, farmers, and machinery users are also expected to further boost the demand for tractors in the forecast period.
- Another significant factor responsible for the agricultural equipment market growth is the need to alleviate the financial burden on farmers. Farm equipment, such as forage harvesters, mower conditioners, and tillage equipment, are expensive to purchase and take a longer time to make the farming business profitable.
| Report Attributes | Details |
|---|---|
| Agricultural Equipment Market Size (2024E) | US$ 127.6 Billion |
| Projected Market Value (2034F) | US$ 194.4 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.3% CAGR |
| East Asia Market Share (2024E) | 25.6% |
| North America Market Share (2024E) | 22.4% |
| Sales of Tractor Pulled / Attachment (2034F) | US$ 72.5 Billion |
| Individual Ownership Segment Value (2034F) | US$ 91.4 Billion |
| Key Companies Profiled | Bucher Industries AG; Deere & Company; Tractor and Farm Equipment Limited (TAFE); LEMKEN GmbH & Co. KG; ISEKI & CO. LTD.; Deutz-Fahr; SDF S.p.A.; Krone UK Group; Mahindra & Mahindra Ltd.; CNH Industrial N.V.; Mitsubishi Mahindra Agricultural Machinery Co. Ltd; Deere & Company; CLAAS KGaA mbH; EXEL Industries; Kubota Corporation |
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What are the Prevailing Trends in the Market for Agricultural Equipment?
“Need for Reduction in Labor and Resource Inputs and Adoption of Automation in Farming”
Agricultural equipment has become a crucial part of modern-day agriculture as it increases efficiency, productivity, and sustainability while reducing labor and resource inputs. The equipment is extensively used by farmers worldwide to improve efficiency, enhance productivity, and reduce labor in modern farming operations.
The agricultural equipment market is expected to continue growing as farmers seek ways to enhance efficiency, productivity, and sustainability to meet the challenges of feeding the growing global population while addressing environmental concerns. The market is showing a growing focus on automation and robotics. Automation technologies are streamlining farm operations, improving accuracy, and reducing labor costs, from autonomous tractors and robotic harvesters to unmanned aerial vehicles for spraying and crop monitoring.
Sustainability is a growing point of focus in agriculture, driving demand for equipment and technologies that support environmentally friendly farming practices. Conservation tillage equipment, precision irrigation systems, and cover crop seeders are examples of solutions that help farmers reduce environmental impact, conserve resources, and improve soil health.
What Issues Do Manufacturers of Farming Equipment Need to Overcome?
“Higher Transportation Costs and Dependence on Local Providers”
Agricultural land is often situated far from major cities and urban centers. This poses challenges in accessing equipment rental services and transporting rented machinery to remote locations. Limited transportation infrastructure, such as roads and connectivity, increases costs and delays in delivering and retrieving rented equipment, discouraging some farmers from using rental services.
The long distance between the rental provider's location and remote agricultural lands results in higher delivery and pickup costs for rented equipment. As a result, rental companies need to charge additional fees to cover transportation expenses, making rental services less economically attractive for farmers in remote areas.
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Country-wise Insights
North America is expected to hold an agricultural equipment market share of 22.4% in 2024. East Asia is poised to capture 25.6% market share in 2024. South Asia & Oceania is projected to dominate the market during the forecast period. Farm tractor sales in India are expected to rise due to increased farm mechanization, which is being driven by government efforts and subsidies/loan waivers.
- According to the Tractor and Machinery Association of Australia (TMA), sales of small tractors in Australia are increasing due to the support of the Instant Asset Write-off scheme. In 2020, the sales of tractors under 40 horsepower (30 kilowatts) increased by 72% for the month and ended up 36% higher for the entire year.
Why is There Significant Demand for Agricultural Equipment in the United States?
“Inclusion of Robotic Systems and GPS in Farming Equipment”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 22.2 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 33.3 Billion |
The United States is expected to account for 77.6% of the market in North America in 2024. The region is expected to exhibit significant growth despite the widespread adoption of farming equipment mechanization. This is attributed to the improved fuel efficiency and additional features of the equipment, including robotic systems and GPS.
Agricultural equipment market trends in the country are influenced by the abundance of large farmland, leading to a high demand for farm mechanization. Also, the country is witnessing increased adoption of intelligent combine harvesters equipped with monitoring tools to improve farm yield.
Factors such as rising labor costs, integration of robotic systems and the Global Positioning System (GPS) in tractors and harvesters, increased demand for high-capacity machinery due to large farms, and the growing popularity of self-propelled machines are analyzed to drive market growth in the region during the forecast period.
What Has Made China a Lucrative Market for Manufacturers of Agricultural Equipment?
“Financial Support from Government for Procuring Agricultural Machinery”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 14.9 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 22.4 Billion |
China accounts for half of the market share in the East Asian region due to factors such as high containerized transportation, increasing gross domestic product (GDP), infrastructure investments, rising per capita income, growing inclination toward mechanization, and government initiatives for FDI have created more opportunities for the farming business, in turn driving market growth in China.
Farmers in China are gradually becoming tech-savvy and adopting GPS software products & tractors, equipped with telematics which is anticipated to spur sales of agriculture equipment. The government subsidies provided for the procurement of agricultural machinery are projected to offer great opportunities for market growth. According to the government of China, the farming sector is vital to national, economic, and social progress.
Category-wise Insights
The market for agricultural equipment is categorized into tractor-pulled/attachment and self-propelled of which the former is set to capture a market share of 56.8% in 2024. In terms of ownership, the market is segmented into individual and rental of which the the former is set to account for 9/10 of the market.
Which Agricultural Equipment Category is Expected to Remain Prominent?
“Shortage of Labor Increasing Sales of Tractors”
The global agricultural equipment market is primarily driven by tractors due to factors such as labor shortage and the need to meet the increasing global demand for food across the globe. Tractors are essential for boosting productivity in the agriculture industry. The promotion of farm mechanization and the rising adoption of precision farming in regions such as Asia Pacific and Latin America are further fueling this growth.
Introduction of electric tractors is expected to create significant growth opportunities for market participants. The growth of electric tractors is attributed to their cost-effectiveness, eco-friendly nature, and high efficiency.
Where is Demand for Farm Equipment Rental Growing?
“Need for Efficient Cultivation of Larger Areas”
| Attribute | Rental |
|---|---|
| Segment Value (2024E) | US$ 36.2 Billion |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 57.5 Billion |
Based on ownership, the rental segment is expected to witness significant growth, and the trend is expected to continue during the forecast period. With the growing global population, there is an ongoing need to expand cultivated land to meet the demand for food. Opening up new land for cultivation requires the use of farm equipment for land preparation, clearing, and planting. The farm equipment rental market is playing a crucial role in providing farmers with the necessary machinery to efficiently cultivate larger areas, thus driving agricultural expansion. As agriculture continues to be a key player in global economic growth, the demand for farm equipment rental services is on the rise.
Agricultural land is often far from major cities or urban centers, creating logistical challenges in accessing equipment rental services and transporting rented machinery to remote locations. Limited transportation infrastructure, including roads and connectivity, leads to increased costs and delays in delivering and retrieving rented equipment, which discourages some farmers from using rental services.
The distance between the rental provider's location and remote agricultural lands results in higher delivery and pickup costs for rented equipment. Rental companies need to charge additional fees to cover transportation expenses, making rental services less economically attractive for farmers in remote areas.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the agricultural equipment market are focusing on expanding their geographical footprint and adopting strategies to create more consumers in the market. They are also eager to explore acquisition and merger opportunities.
- In July 2023, John Deere introduced a new See & Spray premium performance upgrade kit for John Deere self-propelled sprayers, the See & Spray line's newest addition. This kit employs an AI-powered vision system to help farmers profit while combating herbicide resistance through precise application, spraying only weeds rather than the entire field. This technology stabilizes the spray arm when mounted cameras are required to capture clear field images. A machine learning model can distinguish weeds from plants in milliseconds by analyzing multiple camera images simultaneously.
- In January 2022, John Deere introduced a fully autonomous 8R tractor. The new tractor is equipped with a TruSet-enabled chisel plow, GPS guidance system, and advanced technologies, including six pairs of stereo cameras for 360-degree obstacle detection and distance calculation, as well as a deep neural network that can classify each pixel of each image in just 100 milliseconds.
- In December 2021, New Holland Agriculture developed a Straddle Tractor tailored to the narrow vineyards found in premium wine-growing regions like Champagne, Médoc, and Burgundy.
- In November 2021, John Deere unveiled new material collection systems and mechanical grapples for compact utility tractors. The New Frontier MG20F Mechanical Grapple offers a quick-attach solution for fast installation and has a lift capacity of 1,200 pounds (544 kg).
- In November 2021, CLAAS introduced its new flagship TORION 1913 and TORION 2014 models, featuring increased engine power, higher lift capacity, and an even greater loading height.
Fact.MR provides detailed information about the price points of leading manufacturers of agricultural equipment positioned across the world, sales growth, production capacity, and technological advancements, in this new market report.
Segmentation of Agricultural Equipment Market Research
-
By Category:
- Tractor-Pulled/ Attachment
- Self-Propelled
-
By Application:
- Harvesting & Threshing
- Weed Cultivation
- Plant Protection
- Post-harvest & Agro-processing
- Land Development & Seed Bed Preparation
-
By Ownership:
- Individual
- Rental
-
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Category 6.2. Application 6.3. Ownership 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Category 7.1. Tractor-Pulled/ Attachment 7.2. Self-Propelled 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 8.1. Harvesting & Threshing 8.2. Weed Cultivation 8.3. Plant Protection 8.4. Post-harvest & Agro-processing 8.5. Land Development & Seed Bed Preparation 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Ownership 9.1. Individual 9.2. Rental 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia & Pacific 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Category, Application, Ownership, and Region for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Bucher Industries AG 20.2. Deere & Company 20.3. Tractor and Farm Equipment Limited (TAFE) 20.4. LEMKEN GmbH & Co. KG 20.5. ISEKI & CO. LTD. 20.6. Deutz-Fahr 20.7. SDF S.p.A. 20.8. Krone UK Group 20.9. Mahindra & Mahindra Ltd. 20.10. CNH Industrial N.V. 20.11. Mitsubishi Mahindra Agricultural Machinery Co. Ltd 20.12. Deere & Company 20.13. CLAAS KGaA mbH 20.14. EXEL Industries 20.15. Kubota Corporation 21. Assumptions and Acronyms Categoryd 22. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 2: Global Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 3: Global Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 4: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 5: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 6: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 7: Global Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 8: Global Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 9: Global Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Category, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Category, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Category, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Ownership, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Ownership, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Ownership, 2024 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 2: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 4: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 5: Global Market Share and BPS Analysis by Category, 2024 & 2034
Figure 6: Global Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 7: Global Market Attractiveness Analysis by Category, 2024 to 2034
Figure 8: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 9: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Category, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Category, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Category, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Category, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Category, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Category, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 65: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 66: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 67: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 68: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 69: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 70: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 71: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 72: Eastern Europe Market Share and BPS Analysis by Category, 2024 & 2034
Figure 73: Eastern Europe Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness Analysis by Category, 2024 to 2034
Figure 75: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 76: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 77: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 78: Eastern Europe Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 79: Eastern Europe Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 80: Eastern Europe Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 81: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 82: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 83: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 84: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 85: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 86: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 87: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 88: East Asia Market Share and BPS Analysis by Category, 2024 & 2034
Figure 89: East Asia Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 90: East Asia Market Attractiveness Analysis by Category, 2024 to 2034
Figure 91: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 92: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 93: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 94: East Asia Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 95: East Asia Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 96: East Asia Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 97: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 98: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 99: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 100: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 101: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 102: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 103: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Share and BPS Analysis by Category, 2024 & 2034
Figure 105: South Asia & Pacific Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 106: South Asia & Pacific Market Attractiveness Analysis by Category, 2024 to 2034
Figure 107: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 108: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 119: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 110: South Asia & Pacific Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 111: South Asia & Pacific Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 112: South Asia & Pacific Market Attractiveness Analysis by Ownership, 2024 to 2034
Figure 113: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 114: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 115: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 116: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 117: MEA Market Share Analysis by Country, 2024 & 2034
Figure 118: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 119: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 120: MEA Market Share and BPS Analysis by Category, 2024 & 2034
Figure 121: MEA Market Y-o-Y Growth Projections by Category, 2024 to 2034
Figure 122: MEA Market Attractiveness Analysis by Category, 2024 to 2034
Figure 123: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 124: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 125: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 126: MEA Market Share and BPS Analysis by Ownership, 2024 & 2034
Figure 127: MEA Market Y-o-Y Growth Projections by Ownership, 2024 to 2034
Figure 128: MEA Market Attractiveness Analysis by Ownership, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the agricultural equipment market in 2024?
Worldwide sales of agricultural equipment are estimated at US$ 127.6 billion in 2024.
What is the market potential for agriculture equipment over the next 10 years?
The global agricultural equipment market is forecasted to expand at a CAGR of 4.3% to reach US$ 194.4 billion by 2034.
What is the rate at which the market is expected to grow in the United States?
The market in the United States is forecasted to advance at a CAGR of 4.1% between 2024 and 2034.
What is the projected market size for agriculture equipment in Japan?
The market in Japan is forecasted to reach US$ 13.9 billion by the end of 2034.
How much market share does the self-propelled category account for?
The self-propelled segment is forecasted to account for 43.8% of the global market share by 2034.
What is the share of East Asia in the global market?
East Asia is forecasted to account for a market share of 25.6% in 2024.
Who are the key manufacturers of agricultural equipment?
Bucher Industries AG, Deere & Company, and Mahindra & Mahindra Ltd. are some of the leading manufacturers of farming equipment.
Agricultural Equipment Market