Farm (Agricultural) Equipment Market was valued at USD 175 Billion in 2022 and is projected to reach USD 240 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The global farm (agricultural) equipment market was valued at approximately USD 250 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 6% from 2023 to 2028. This growth is driven by increasing demand for food due to the rising global population, advancements in agricultural technology, and the need for efficient farming practices. The market encompasses a broad range of equipment, including tractors, harvesters, plows, and irrigation systems, each contributing to the overall market expansion. The continuous innovations in precision farming and smart equipment are anticipated to further boost market growth.
Emerging markets present significant opportunities for expansion, particularly in regions such as Asia-Pacific and Latin America, where agriculture is a major economic driver. In these areas, the adoption of modern farming equipment is accelerating as farmers seek to enhance productivity and sustainability. Additionally, government initiatives and subsidies aimed at promoting agricultural mechanization are expected to create favorable conditions for market growth. The integration of technologies like IoT, artificial intelligence, and robotics in farm equipment is expected to open new avenues for market players, presenting substantial opportunities in the coming years.
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AGCO
CLAAS
CNH Industrial
John Deere
Kubota
SAME Deutz-Fahr(SDF)
Kuhn
Kverneland
Mascar
MaterMacc
Alamo
Argo
Amazone H. Dreyer
Bucher
Daedong
Escorts
Mahindra & Mahindra
Eicher Tractors
Angad Tractors
PreetTractors
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Farm (Agricultural) Equipment Market
Livestock Management
Farm Management
Based on Types the Market is categorized into Below types that held the largest Farm (Agricultural) Equipment market share In 2023.
Farm Tractors
Harvesting Machinery
Planting & Fertilizing Machinery
Haying Machinery
Livestock Machinery
Plowing & Cultivating Machinery
Parts & Attachments
Other Agricultural Equipment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Farm (Agricultural) Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Farm (Agricultural) Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Farm (Agricultural) Equipment Market, By Type
6. Global Farm (Agricultural) Equipment Market, By Application
7. Global Farm (Agricultural) Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Farm (Agricultural) Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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