Agricultural Equipment Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The agricultural equipment market is expected to grow from $157.89 billion in 2021 to $253.28 billion in 2028, at a CAGR of 7% over the forecast period. Agricultural equipment is any kind of machinery used on a farm to help with farming. The best-known example of this kind is the tractor. Agricultural equipment includes the use of tractors, harvesters, plows and cultivators to assist in various agricultural activities. The use of agricultural equipment helps to achieve a high yield of crops in relatively less time and minimal effort. In addition, the use of automatic and semi-automatic agricultural equipment reduces the need for human labor on farms, which reduces labor costs. This further increases agricultural production by reducing downtime and allowing very precise operations.

 

Company Profile

• AGCO Corp
• CLAAS KGaA mbH
• Kubota Corporation
• Tractor and Farm Equipment Limited
• Deere & Company
• Mahindra & Mahindra Ltd.
• EXEL Industries
• SDF S.p.A.
• ISEKI & CO. LTD.

 

Market Segmentation

By Type

• Tractors
• Harvesters
• Soil Preparation & Cultivation
• Irrigation &Crop Processing
• Agriculture Spraying Equipment
• Hay &Forage Machines

By Automation

• Automatic
• Semiautomatic
• Manual

By Business

• Original Equipment Manufacturers (OEMs)
• Aftersales

 

 

Scope of the Report

The research study analyzes the Agricultural Equipment Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Agricultural Equipment Market Report

 

1. What was the Agricultural Equipment Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Agricultural Equipment Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Agricultural Equipment Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.