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Agricultural Equipments Market

Agricultural Equipments Market

Agricultural Equipments Market Global Industry Assessment & Forecast

# Pages:

145

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0219

Segments Covered
  • By Product Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others
  • By Application Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 98.9 Billion
Revenue 2028Revenue 2028: 281.05 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 8
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key insights

The global Agricultural Equipments market was valued at USD 98.9 Billion in 2020 and is projected to reach USD 281.05 Billion by 2028, growing at a CAGR of 8% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 281.05 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 8%

Definition And Overview

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. Dragged teeth (also called shanks) that pierce the soil.


The report covers in-depth study on the global Agricultural Equipments market, which comprises market trends such as drivers, restraints, and opportunities, regional trends, segmental analysis, and competitive landscape among others. This study comprises the market estimations and forecast in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities. The report includes a separate chapter covering detailed Agricultural Equipments market overview that includes Porter’s Five Forces Analysis, PESTLE Analysis, Player Positioning Analysis, SWOT Analysis, and Value Chain Analysis among others.

Yearly Infographics 98.9 Billion 281.05 Billion

COVID-19 Impact Analysis

The wise spread COVID-19 outbreak has impacted several industries including Agricultural Equipments. The governments across the globe compel to employ stringent restriction such as lockdown, international border seals, and   implementing strict social distancing measures. This forces serval industries to opt for work from home which in turn disrupted the business processes. However, after mid 2021 the world is witnessing reopening of trading activities, business operations which is expected to stimulate the economic growth during upcoming years.  The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report explains various driving factors, restraints/challenges, and opportunities in detail. These assessments aid the industry stakeholders to analyze the Agricultural Equipments market on the basis of different parameters, such as economies of scale, the share of various distribution channels, various factors affecting consumer behavior such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences.


Farming activities are increasingly getting mechanised, and the availability, quality and performance of agricultural equipment has an increasing impact on improving the output and productivity of the agricultural sector. 

Over the years, the share of human and animal power in agriculture has reduced drastically, paving the way for a variety of equipment to emerge. Many of these are driven by tractors, diesel engines or tillers. 

Small and fragmented land holdings, Less investing capacity of farmers, Agricultural labour is easily available, Adequate draught animals are available in the country, Lack of availability of suitable farm machines for different operations, Lack of repair and servicing facilities for machines, Lack of trained man power, Lack of co-ordination between research organization and manufacturer, High cost of machines, Inadequate quality control of machines, are determinants restraining the market growth.

Global Agricultural Equipments Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered CNH Industrial N.V., Alamo Group Incorporated, AGCO Corporation., Bucher Industries AG, Escorts Group, ARGO SpA, Claas KGaA mbH, Deere & Company.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Product, Application, and region. The report will cover market estimations and forecast for each segment by region for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Product, the market is divided into Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others. Tractors held the largest share in 2020 and is projected to witness substantial growth during the forecast period.

Based on Application, the market is divided into Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing. land development and seed bed preparation attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Agricultural Equipments Market: Product Segment Analysis

    • Tractors
    • Harvesters
    • Planting Equipment
    • Irrigation & Crop Processing Equipment
    • Spraying Equipment
    • Hay & Forage Equipment
    • Others

Global Agricultural Equipments Market: Application Segment Analysis

    • Land Development & Seed Bed Preparation
    • Sowing & Planting
    • Weed Cultivation
    • Plant Protection
    • Harvesting & Threshing
    • Post-harvest & Agro Processing

Global Agricultural Equipments Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The global Agricultural Equipments market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Agricultural Equipments market are CNH Industrial N.V., Alamo Group Incorporated, AGCO Corporation., Bucher Industries AG, Escorts Group, ARGO SpA, Claas KGaA mbH, Deere & Company.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report also includes extensive information on key strategies such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.  

Global Agricultural Equipments Market : Regional Analysis

Based on the geography, the global Agricultural Equipments market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional analysis covers market estimations and forecast for each segment for each region for the years 2016–2028. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same.  Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Agricultural Equipments market.      

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa
FAQ
Frequently Asked Question
  • The global Agricultural Equipments valued at 98.9 Billion in 2020 and is expected to reach 281.05 Billion in 2028 growing at a CAGR of 8%.

  • The prominent players in the market are CNH Industrial N.V., Alamo Group Incorporated, AGCO Corporation., Bucher Industries AG, Escorts Group, ARGO SpA, Claas KGaA mbH, Deere & Company..

  • The market is project to grow at a CAGR of 8% between 2021 and 2028.

  • The driving factors of the Agricultural Equipments include

    • Farming activities are increasingly getting mechanised, and the availability, quality and performance of agricultural equipment has an increasing impact on improving the output and productivity of the agricultural sector.
    • Over the years, the share of human and animal power in agriculture has reduced drastically, paving the way for a variety of equipment to emerge. Many of these are driven by tractors, diesel engines or tillers.

  • Asia Pacific was the leading regional segment of the Agricultural Equipments in 2020.