Farm Equipment Market
Farm Equipment Market - Global Industry Assessment & Forecast
#
Pages:
145
2022
Aug - 2023
VMR-VMR-2021-1074
Segments Covered
By
Product Tractors , Harvesters , Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment , Others
-
By
Application Land Development & Seed Bed Preperation, Sowing & Planting , Weed Cultivation , Plant Protection , Harvesting & Threshing , Post-harvest & Agro-processing
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 115.2 Billion |
 Revenue 2030:
|
USD 162.62 Billion |
 Revenue CAGR
(2023 - 2030): |
4.5% |
Fastest Growing Region (2023 -
2030)
|
Asia pacific |
Largest Region (2022):
|
North America |
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
Research Methodology: Farm Equipment Market by Product by Application - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Farm Equipment market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Farm Equipment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
FAQ
Frequently Asked Question
What is the global demand for Farm Equipment in terms of revenue?
-
The global Farm Equipment valued at USD 115.2 Billion in 2022 and is expected to reach USD 162.62 Billion in 2030 growing at a CAGR of 4.5%.
Which are the prominent players in the market?
-
The prominent players in the market are John Deere, JCB, SDF Group, Mahindra & Mahindra Limited, CNH Industrial N.V., AGCO Corporation, CLAAS KGAA, Kubota Corporation, Iseki & Co.Ltd., Yanmar Co.Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.5% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Farm Equipment include
- Increasing demand for mechanization in agriculture
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Farm Equipment in 2022.
