Agriculture Equipment Market Report 2022: Industry Size, Share, Outlook, Growth Insights, Forecast by 2027 1
The global agriculture equipment market size reached US$ 156.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 213.71 Billion by 2027, exhibiting a growth rate (CAGR) of 5.10% during 2022-2027. Agriculture equipment is used for performing several tasks in farming, such as spraying fields, harvesting crops, seeding, tilling fields, breeding cows, feeding livestock, etc

The latest research study “Agriculture Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global agriculture equipment market size reached US$ 156.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 213.71 Billion by 2027, exhibiting a growth rate (CAGR) of 5.10% during 2022-2027.

 

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/agriculture-equipment-market/requestsample

 

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

 

Agriculture equipment is used for performing several tasks in farming, such as spraying fields, harvesting crops, seeding, tilling fields, breeding cows, feeding livestock, etc. They consist of a backhoe, harrow, cultivator, mowers, rake, tractor, combine harvester, sprayers, chain saw, brush cutters, sawmills, etc. Agriculture equipment enhance the efficiency and productivity of farming by reducing errors as well as minimizing human labor, physical shortcomings, and wastage in agriculture. They assist in filling in depressions and gullies, cultivating land by smoothing hillocks, removing deep-rooted weeds while preventing soil erosion, etc. In addition to this, agriculture equipment reduce fodder area and enlarge crop area to produce food for human consumption.

Agriculture Equipment Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 156.32 Billion
Market forecast in 2027 US$ 213.71 Billion
Growth Rate (CAGR) of 5.10% from 2022-2027.
Base year for estimation 2021
Historical data 2016-2021
Forecast period  2022-2027

 

Agriculture Equipment Market Trends and Drivers:

The escalating demand for enhanced machines with high power to farm hard-to-access areas and handle a wide array of implements is primarily driving the agriculture equipment market. Additionally, the inflating need for electric tractors to reduce air pollution and greenhouse gas emissions is further catalyzing the market growth. Besides this, the launch of numerous favorable policies by government bodies for promoting the utilization of agriculture equipment by providing loan waiver schemes to farmers and the widespread adoption of sustainable agriculture practices are acting as significant growth-inducing factors. Moreover, the rising R&D activities to introduce self-propelled machines and the growing investments in various marketing strategies by leading manufacturers to expand their consumer base are also positively influencing the global market. Apart from this, the increasing integration of technologically advanced agricultural robotics in farming, such as autonomous tractors and flying drones, to help farmers produce food at low costs is anticipated to fuel the agriculture equipment market over the forecasted period.

 

Inquire Before Buying: https://www.imarcgroup.com/request?type=report&id=6344&flag=F

 

Agriculture Equipment Market 2022-2027 Analysis and Segmentation:

 

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AGCO Corporation, Agromaster Agricultural Machinery, Argo Tractors S.p.A., Bellota Agrisolutions, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Escorts Limited, Iseki & Co. Ltd., JC Bamford Excavators Ltd., Kubota Corporation, Mahindra & Mahindra Limited and SDF Group.

 

The report has segmented the market on the basis of type, application and sales channel.

 

Breakup by Equipment Type:

  • Agriculture Tractor
  • Harvesting Equipment
  • Irrigation and Crop Processing Equipment
  • Agriculture Spraying and Handling Equipment
  • Soil Preparation and Cultivation Equipment
  • Others

 

Breakup by Application:

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

 

Breakup by Sales Channel:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

 

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/agriculture-equipment-market

 

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

 

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

 

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

Browse More Reports by IMARC Group:

  • Biodegradable Packaging Market Report by 2027
  • Functional Beverages Market Report by 2027
  • Breakfast Cereals Market Report by 2027
  • Chimeric Antigen Receptor Car T-cell Therapy Market Report by 2027
  • Photonics Market Report by 2027

 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com

Leave a Reply

Your email address will not be published. Required fields are marked *