Agricultural Machinery Market was valued at USD 182 Billion in 2022 and is projected to reach USD 320 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The agricultural machinery market was valued at approximately USD 180 billion in 2022, with a compound annual growth rate (CAGR) of 6.2% projected from 2023 to 2028. This growth is driven by technological advancements, increasing mechanization in farming, and rising demand for high-efficiency equipment. Innovations such as autonomous tractors and precision farming technologies are expected to significantly contribute to the market's expansion. By 2028, the market is anticipated to reach around USD 250 billion, reflecting robust growth and sustained investment in agricultural technologies.
Opportunity analysis reveals substantial potential in emerging markets, particularly in regions such as Southeast Asia, Latin America, and Africa. These areas are experiencing rapid agricultural development and modernization, presenting lucrative opportunities for growth in the agricultural machinery sector. Factors such as government support for mechanization, rising farm incomes, and increasing adoption of advanced technologies are likely to drive demand in these regions. Additionally, the integration of smart technologies and sustainable practices is expected to open new avenues for market expansion and innovation in the coming years.
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Kverneland AS
Grimme
Lemken
Rabe
Rauch
Monosem
AMAZONEN-Werke
Ten Square
Great Plains
OXBO
Hagie
Double L
Top Air
CHALLENGER
AGCO
New Holland
John Deere
CNH
Kinze
KUHN
Claas
CASEIH
Yamar
Kubota
JCB
AgriArgo
Same Deutz-Fahr
Zoomlion
YTO Group
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 Agricultural Machinery Market
Alloy Production
Agriculture
Polishing
Aerospace
Others
Based on Types the Market is categorized into Below types that held the largest Agricultural Machinery market share In 2023.
Tractor and Power
Soil Cultivation
Planting
Fertilizing & Pest Control
Irrigation
Produce Sorter
Harvesting / Post-harvest
Others
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 Agricultural Machinery 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 Agricultural Machinery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Agricultural Machinery Market, By Type
6. Global Agricultural Machinery Market, By Application
7. Global Agricultural Machinery Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Agricultural Machinery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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