Summary

Persistence Market Research has recently unveiled an in-depth report on the worldwide agricultural equipment market, providing a comprehensive evaluation of key market dynamics, including drivers, trends, opportunities, and challenges, along with detailed insights into the market structure.

Key Insights:

• Agricultural Equipment Market Size (2024): USD 120.1 Bn
• Projected Market Value (2031): USD 169.0 Bn
• Global Market Growth Rate (CAGR 2024to 2031): 5.0%

Scope of the Report: Agricultural Equipment Market

Agricultural equipment covers a wide array of machinery used in farming and agricultural activities, including tractors, harvesters, plows, and irrigation systems. These tools are crucial for enhancing efficiency, productivity, and yield in farming operations. The market serves various end-users, including large-scale commercial farms, smallholder farms, and agribusinesses, offering both traditional and cutting-edge machinery solutions.

Market Growth Drivers:

The global agricultural equipment market is driven by several factors, such as the increasing need for efficient and high-yield farming solutions to address the rising global food demand. Technological advancements, including precision agriculture, automation, and smart farming, improve operational efficiency and crop yield. Government initiatives and subsidies promoting agricultural modernization and sustainable practices also bolster market growth. Additionally, the growing adoption of advanced machinery, such as GPS-guided equipment and autonomous tractors, further supports market expansion.

Market Restraints:

Despite optimistic growth projections, the agricultural equipment market faces challenges including high initial costs and maintenance expenses associated with advanced machinery. The complexity of integrating technology and the requirement for skilled operators can impede market penetration, especially in developing regions. Moreover, fluctuating commodity prices and economic uncertainties impact agricultural investments, affecting market stability. Addressing these challenges requires the industry to focus on cost-effective solutions and comprehensive training programs.

Market Opportunities:

The agricultural equipment market offers significant growth opportunities driven by technological innovations, demographic trends, and evolving agricultural practices. The integration of IoT, big data analytics, and AI in agricultural machinery enhances precision, productivity, and resource management. The increasing focus on sustainable agriculture and the development of eco-friendly equipment open new avenues for market growth. Strategic partnerships, investments in R&D, and the introduction of affordable, user-friendly machinery are crucial for seizing emerging opportunities and maintaining market leadership.

Key Questions Addressed in the Report:

• What are the main drivers of growth in the global agricultural equipment market?
• Which types of equipment and technologies are driving adoption across various farming sectors?
• How are technological advancements altering the competitive landscape of the agricultural equipment market?
• Who are the leading players in the agricultural equipment market, and what strategies are they employing to stay relevant?
• What are the emerging trends and future prospects in the global agricultural equipment market?

Competitive Intelligence and Business Strategy:

Key players in the global agricultural equipment market, such as Deere & Company, AGCO Corporation, and CNH Industrial, emphasize innovation, product differentiation, and strategic partnerships to maintain a competitive edge. These companies invest in R&D to develop advanced machinery solutions, including smart tractors, autonomous harvesters, and precision irrigation systems, catering to diverse agricultural needs. Collaborations with technology providers, agricultural cooperatives, and government agencies facilitate market access and promote technology adoption. Furthermore, a focus on sustainable practices, operational efficiency, and customer support enhances market growth and strengthens industry positions.

Key Companies Profiled:

• Deere & Company
• CLAAS KGaA mbH
• EXEL Industries
• Bucher Industries AG
• LEMKEN GmbH & Co. KG
• Mahindra & Mahindra Ltd.
• CNH Industrial N.V.
• Mitsubishi Mahindra Agricultural Machinery Co. Ltd
• ISEKI & CO. LTD.
• Deutz-Fahr
• SDF S.p.A.
• Krone UK Group

Agricultural Equipment Market Segmentation

By Product Type
• Tractors
• Rotavators
• Threshers & Dehuskers
• Power Tillers
• Power Weeder
• Plough
• Baler
• Seed Drill

By Application
• Harvesting & Threshing
• Weed Cultivation
• Plant Protection
• Post-harvest & Agro-processing
• Land Development & Seed Bed Preparation

By Region
• North America
• Asia Pacific
• Latin America
• East Asia
• Europe
• South Asia & Pacific
• The Middle East & Africa

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Table of Contents

1. Executive Summary
2. Market Introduction
2.1 Market Definition
2.2 Market Taxonomy
3. Agricultural Equipment Market Analysis Scenario
3.1 Market Volume Analysis
3.2. Pricing Analysis
3.3. Global Agricultural Equipment Market Analysis & Forecast
3.4. Value Chain Analysis
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunity
4.4. Trends
5. Global Agricultural Equipment Market Analysis and Forecasts, by Product Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Product Type
5.1.2. Y-o-Y Growth Projections By Product Type
5.2. Market Value and Volume Forecast By Product Type
5.2.1. Tractors
5.2.2. Combine Harvesters
5.2.3. Rotavator
5.2.4. Power Tillers
5.2.5. Seed Drill
5.2.6. Thresher
5.2.7. Power Weeder
5.2.8. Others
5.3. Agricultural Equipment Market Attractiveness Analysis By Product Type
6. Global Agricultural Equipment Market Analysis and Forecast, By Region
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Region
6.1.2. Y-o-Y Growth Projections By Region
6.2. Market Value and Volume Forecast By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. APAC
6.2.5. MEA
6.3. Agricultural Equipment Market Attractiveness Analysis By Region
7. North America Agricultural Equipment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Country
7.1.2. Y-o-Y Growth Projections By Country
7.2. Market Size (US$ Bn ) and Volume (Units) Forecast By Country
7.2.1. U.S.
7.2.2. Canada
7.3. Market Size (US$ Bn ) and Volume (Units) Forecast By Product Type
7.4.1. Tractors
7.4.2. Combine Harvesters
7.4.3. Rotavator
7.4.4. Power Tillers
7.4.5. Seed Drill
7.4.6. Thresher
7.4.7. Power Weeder
7.4.8. Others
7.4. Market Attractiveness Analysis
7.4.1. By Country
7.4.2. By Product Type
8. Latin America Agricultural Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Country
8.1.2. Y-o-Y Growth Projections By Country
8.2. Market Size (US$ Bn ) and Volume (Units) Forecast By Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Market Size (US$ Bn ) and Volume (Units) Forecast By Product Type
8.4.1. Tractors
8.4.2. Combine Harvesters
8.4.3. Rotavator
8.4.4. Power Tillers
8.4.5. Seed Drill
8.4.6. Thresher
8.4.7. Power Weeder
8.4.8. Others
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Product Type
9. Europe Agricultural Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Country
9.1.2. Y-o-Y Growth Projections By Country
9.2. Market Size (US$ Bn ) and Volume (Units) Forecast By Country
9.2.1. Germany
9.2.2. France
9.2.3. UK
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Market Size (US$ Bn ) and Volume (Units) Forecast By Product Type
9.3.1. Tractors
9.3.2. Combine Harvesters
9.3.3. Rotavator
9.3.4. Power Tillers
9.3.5. Seed Drill
9.3.6. Thresher
9.3.7. Power Weeder
9.3.8. Others
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Product Type
10. APAC Agricultural Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis By Country
10.1.2. Y-o-Y Growth Projections By Country
10.2. Market Size (US$ Bn ) and Volume (Units) Forecast By Country
10.2.1. China
10.2.2. India
10.2.3. Japan
10.2.4. Rest of APAC
10.3. Market Size (US$ Bn ) and Volume (Units) Forecast By Product Type
10.3.1. Tractors
10.3.2. Combine Harvesters
10.3.3. Rotavator
10.3.4. Power Tillers
10.3.5. Seed Drill
10.3.6. Thresher
10.3.7. Power Weeder
10.3.8. Others
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Product Type
11. MEA Agricultural Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis By Country
11.1.2. Y-o-Y Growth Projections By Country
11.2. Market Size (US$ Bn ) and Volume (Units) Forecast By Country
11.2.1. South Africa
11.2.2. Turkey
11.2.1. Rest of MEA
11.3. Market Size (US$ Bn ) and Volume (Units) Forecast By Product Type
11.3.1. Tractors
11.3.2. Combine Harvesters
11.3.3. Rotavator
11.3.4. Power Tillers
11.3.5. Seed Drill
11.3.6. Thresher
11.3.7. Power Weeder
11.3.8. Others
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
12. Competition Landscape
12.1. Competition Dashboard
12.2. Market Share Analysis (2024)
12.3. Company Profiles
12.3.1. AGCO Corp
12.3.2. CLAAS KGaA mbH
12.3.3. Kubota Corporation
12.3.4. Tractor and Farm Equipment Limited
12.3.5. Deere & Company
12.3.6. Mahindra & Mahindra Ltd.
12.3.7. EXEL Industries
12.3.8. SDF S.p.A.
12.3.9. ISEKI & CO. LTD.
12.3.10. CNH Industrial N.V.
12.3.11. Bucher Industries AG
13. Assumption & Acronyms Used
14. Research Methodology