In terms of revenue, global agriculture equipment market was valued at US$ 146.43 Mn in 2020 and is anticipated to grow at a CAGR of 6.1% over the forecast period (2022-2030). An exploration study named Agriculture Equipment Market has been added by Absolute Markets Insights to its broad repository. Statistics have been gathered utilizing subjective and quantitative examination techniques to assist with making educated business decisions. The report likewise reveals insight into different worldwide business elements like main impetuses, requirements and opportunities. In option, it additionally gives experiences on business ascribes like neighborhood utilization, worldwide utilization, imports and fares. The forecast period for this report is 2022-2030.The whole interest store network is likewise firmly investigated by analysts.

Global competitors such as AGCO Corporation, CHANGFA IMP&EXP CO ., LTD., Changzhou Dongfeng Agricultural Machinery Group Co., Ltd., CLAAS KGaA GmbH, CNH Industrial, Deere & Company, Dewulf BV, ISEKI & CO.,LTD., KUBOTA Corporation, KUHN S.A, Lovol Heavy Industry CO.,LTD., Mahindra & Mahindra Ltd, PÖTTINGER Landtechnik GmbH, SDF S.p.A., Shandong Yuntai Machinery Co., Ltd., Tractors and Farm Equipment Limited, YANMAR HOLDINGS CO., LTD, and YTO Group Corporation are also highlighted in the study in order to get a stronger and effective outlook of the competition at domestic as well as global regions.

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The offering segment of the global agriculture equipment market is classified into tractors and loaders, combine harvester, transplanter, hay & forage equipment, planting & seeding equipment, tillage equipment, and sprayers & application equipment amongst others. Tractors have experienced a large scale adoption in the agriculture market over the years, both domestically and internationally across regions like North America, Europe and Asia Pacific.

The global agriculture equipment market based on application is segmented into harvesting and threshing, land development and seed bed preparation, plant protection, sowing and planting, transplanting, and weed cultivation amongst others. These equipment enables farmers to reduce the human task across farms like planting, seeding and transplantation amongst others. Equipment manufacturers are also primarily investing on different types of agricultural machineries to enable the ease in various agricultural process.

The type segment in the global agriculture equipment market is bifurcated into new and pre-owned equipment. The rising presence of both small, medium and large farmlands across the globe have also influenced the adoption of agriculture equipment, especially across the countries dependent on agriculture like India. These small farmers are dependent on bank credit and government support for carrying out agricultural activities in their farmland. According to studies, in 2019, the total agricultural credit offered by banks in India was US$ 168 Bn.

Global Agriculture Equipment Market: Research Scope:

By Offering

  • Products
  • Tractors and Loaders
  • Compact Tractors
  • Specialty Tractors
  • Utility Tractors
  • Wheeled Tractors
  • Front End Loaders
  • Others
  • Combine Harvester
  • Self-Powered Combine Harvesters
  • Tractor Pulled/Mounted Combine Harvesters
  • Transplanter
  • Hay & Forage Equipment
  • Planting & Seeding Equipment
  • Air Drills
  • Seeders
  • Spreaders
  • Others
  • Tillage Equipment
  • Sprayers & Application Equipment
  • Others
  • Services
  • Training and Consulting Services
  • Repair and Maintenance Services
  • Others

By Application

  • Harvesting and Threshing
  • Land Development and Seed Bed Preparation
  • Plant Protection
  • Sowing and Planting
  • Transplanting
  • Weed Cultivation
  • Others

By Type

  • New
  • Pre-Owned

By Farm Size

  • Small and Medium Farms
  • Large Farms

By Distribution Channel

  • Direct
  • Indirect

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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