Agricultural Equipments Market
Agricultural Equipments Market Global Industry Assessment & Forecast
#
Pages:
145
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
98.9 Billion |
 Revenue 2028:
|
281.05 Billion |
 Revenue CAGR
(2021 - 2028): |
8 |
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
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
FAQ
Frequently Asked Question
What is the global demand for Agricultural Equipments in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Agricultural Equipments in 2020.
