Global Agriculture Equipment Market Size

1. Global Agriculture Equipment Market Size, Share, Growth Analysis, By Product, By Application - Industry Forecast 2023-2030 Global Agriculture Equipment Market size was valued at USD 155.68 billion in 2021 and is poised to grow from USD 163.46 billion in 2022 to USD 253.59 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030). A device, component of a device, or attachment to a device that is primarily intended to be used for agricultural purposes is referred to as agricultural equipment. Equipment related to raising animals or growing crops, as well as equipment used in horticulture or floriculture, is referred to as agricultural equipment. Lower inventory levels for OEMs and their dealers were the result of the rapid spike in demand for tractors, harvesters, and planters. Additionally, OEMs throughout the world are now dealing with a scarcity of semiconductors as well as rising commodity costs for raw materials like steel and aluminum. Agriculture Equipment Market Analysis by Product The segment in the global agriculture equipment market with the greatest CAGR includes the agricultural tractor as a significant player. It is related to ongoing product development, which supports the rapid increase in food production. Additionally, even in steep places, autonomous farm tractors and combines—that is, tractors with plant protection gear and tractors for harvesting—are primarily used to prepare more land for farming. According to AEM reports 2021, 100+

2. horsepower 2WD tractors led the total U.S. growth for tractors, increasing 24.1 percent, followed by articulated 4WD tractors, which increased 18.3 percent. 6272 combined harvesters and 317,897 tractors in total found new homes throughout the country. Tractor sales in Canada increased 10.5% in December 2021, but combines sales decreased 17.6% year over year. Tractor and combined sales combined for 2021 increased by 19.4% and 23.1%, respectively. Agriculture Equipment Market Analysis by Application In 2021, the land development segment held the largest share in the global agriculture equipment market. Due to a lack of agricultural employees, it is projected that the land development sector would experience significant expansion. The majority of the land has been developed using machineries like tractors and combination tractors. It quickly and more effectively results in land development. Due to advancements in irrigation and harvesting technologies, the threshing and harvesting sector is predicted to rise modestly throughout the projected period. View more info:https://www.skyquestt.com/report/agriculture-equipment- market Top Players in the Global Agriculture Equipment Market Mahindra & Mahindra Ltd. • Kuhn Group • Escorts Limited • JCB Limited • Yanmar Co., Ltd. • Same Deutz-Fahr Group S.p.A. • Iseki & Co., Ltd. • About Us: SkyQuest Technology is leading growth consulting firm providing market

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