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Agriculture Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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

 

 
 

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Agriculture Equipment Market Trends:

At present, the growing awareness among farmers about the benefits of using agriculture equipment represents one of the key factors driving the market. Besides this, governments of several countries are promoting the usage of agriculture equipment by providing loan waiver schemes to farmers. They are also providing funds to farmers for adopting sustainable agriculture practices and enhancing productivity using machinery, which is contributing to the growth of the market. Moreover, the integration of technologically advanced agricultural robotics in farming, such as autonomous tractors and flying drones, to help farmers produce food at low costs is propelling the growth of the market. In addition, the growing demand for electric tractors to reduce air pollution and greenhouse gas emissions is offering a positive market outlook. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce self-propelled machines in farming. They are also focusing on various marketing strategies to expand their customer base. Additionally, the rising demand for enhanced machines with high-power to farm hard-to-access areas and handle a wide range of implements is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global agriculture equipment market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on equipment 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:

 

 
 

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

Breakup by Sales Channel:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket
     

Breakup by Region:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Equipment Type, Application, Sales Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global agriculture equipment market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global agriculture equipment market?
  • What are the key regional markets?
  • What is the breakup of the market based on the equipment type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the sales channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global agriculture equipment market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Agriculture Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Equipment Type
    6.1    Agriculture Tractor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Harvesting Equipment
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Irrigation and Crop Processing Equipment
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Agriculture Spraying and Handling Equipment
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Soil Preparation and Cultivation Equipment
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7    Market Breakup by Application
    7.1    Land Development
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Threshing and Harvesting
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Plant Protection
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    After Agro Processing
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Sales Channel
    8.1    Original Equipment Manufacturers (OEM)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aftermarket
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AGCO Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Agromaster Agricultural Machinery
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Argo Tractors S.p.A.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Bellota Agrisolutions
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    China National Machinery Industry Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    CLAAS KGaA mbH
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    CNH Industrial N.V.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Deere & Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Escorts Limited
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Iseki & Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    JC Bamford Excavators Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Kubota Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Mahindra & Mahindra Limited
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
        14.3.14    SDF Group
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio

List of Figures

Figure 1: Global: Agriculture Equipment Market: Major Drivers and Challenges
Figure 2: Global: Agriculture Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Agriculture Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Agriculture Equipment Market: Breakup by Equipment Type (in %), 2021
Figure 5: Global: Agriculture Equipment Market: Breakup by Application (in %), 2021
Figure 6: Global: Agriculture Equipment Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Agriculture Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Agriculture Equipment (Agriculture Tractor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Agriculture Equipment (Agriculture Tractor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Agriculture Equipment (Harvesting Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Agriculture Equipment (Harvesting Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Agriculture Equipment (Irrigation and Crop Processing Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Agriculture Equipment (Irrigation and Crop Processing Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Agriculture Equipment (Agriculture Spraying and Handling Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Agriculture Equipment (Agriculture Spraying and Handling Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Agriculture Equipment (Soil Preparation and Cultivation Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Agriculture Equipment (Soil Preparation and Cultivation Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Agriculture Equipment (Other Equipment Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Agriculture Equipment (Other Equipment Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Agriculture Equipment (Land Development) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Agriculture Equipment (Land Development) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Agriculture Equipment (Threshing and Harvesting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Agriculture Equipment (Threshing and Harvesting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Agriculture Equipment (Plant Protection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Agriculture Equipment (Plant Protection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Agriculture Equipment (After Agro Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Agriculture Equipment (After Agro Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Agriculture Equipment (Original Equipment Manufacturers (OEM)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Agriculture Equipment (Original Equipment Manufacturers (OEM)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Agriculture Equipment (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Agriculture Equipment (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Agriculture Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Agriculture Equipment Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Agriculture Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Agriculture Equipment Industry: SWOT Analysis
Figure 82: Global: Agriculture Equipment Industry: Value Chain Analysis
Figure 83: Global: Agriculture Equipment Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Agriculture Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Agriculture Equipment Market Forecast: Breakup by Equipment Type (in Million US$), 2022-2027
Table 3: Global: Agriculture Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Agriculture Equipment Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Agriculture Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Agriculture Equipment Market: Competitive Structure
Table 7: Global: Agriculture Equipment Market: Key Players


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