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Global Agriculture Equipment Market Size

Global Agriculture Equipment Market Insights<br>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).<br>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.

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Global Agriculture Equipment Market Size

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  1. Global Agriculture Equipment Market Size, Share, Growth Analysis, by Product- Industry Forecast 2023-2030 Global Agriculture Equipment Market Insights 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

  2. semiconductors as well as rising commodity costs for raw materials like steel and aluminum. According to the Association of Equipment Manufacturers (AEM), in North America, close to 360,000 tractors and combines will be sold off dealer lots by the year 2021. Unit sales of agricultural tractors and combines in the United States and Canada ended in 2021 with increases of over 10% in almost every sector in both nations. Compared to December 2020, U.S. overall farm tractor sales increased by 0.3 percent, while sales of self-propelled combines increased by 25.3 percent. Overall gains for tractors and combines in 2021 were 10.3 percent and 24.7 percent, respectively. Sub-40 horsepower tractors, which increased by 8.9 percent in the United States, were the only market sector in either the United States or Canada to have growth below 10 percent. Global Agriculture Equipment Market Segmental Analysis Agriculture Equipment Market is segmented based on the product, application, and region. Based on the product, the global agriculture equipment market is segmented as tractors, soil preparation & cultivation, harvesting, crop processing & irrigation, spraying & handling equipment, and others. Based on application, the global agriculture equipment market is segmented as land development, threshing and harvesting, plant protection, and after agro-processing. Based on region, Agriculture Equipment Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA. Agriculture Equipment Market Analysis by Product

  3. 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+ 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. Get the best overview Agriculture Equipment Market https://www.skyquestt.com/report/agriculture-equipment-market Top Players in the Global Agriculture Equipment Market •AGCO Corporation •CNH Industrial N.V. •Deere & Company •CLAAS KGaA mbH •Kubota Corporation •Mahindra & Mahindra Ltd. •Kuhn Group •Escorts Limited •JCB Limited •Yanmar Co., Ltd. •Same Deutz-Fahr Group S.p.A. •Iseki & Co., Ltd.

  4. •TAFE - Tractors and Farm Equipment Limited •Bucher Industries AG •SDF S.p.A. •Krone Group •Escorts Agri Machinery •Doosan Infracore •Zoomlion Heavy Industry Science and Technology Co. Ltd. •Bobcat Company About Us: Sky Quest Technology is leading growth consulting firm providing market intelligence, commercialization, and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 617-230-0741 Email:sales@skyquestt.com Sky Quest

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