farm machinery and equipment market analysis
Machinery

Global Farm Machinery And Equipment Market Overview And Prospects

Learn about the global template market through The Business Research Company, which provides information on template market size, template market drivers and restraints, template market players, the COVID-19 impact on the template market, and more.

 

The global farm machinery and equipment market size is expected to grow from $194.91 billion in 2021 to $215.45 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global farm machinery and equipment market size is expected to grow to $308.66 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%.

The integration of Internet of Things (IoT) applications in farm equipment is expected to drive the market of farm machinery and equipment.

 

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The farm machinery and equipment market consist of sales of farm machinery and equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing agricultural and farm machinery and equipment, and other turfs and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type). Only goods and services traded between entities or sold to end consumers are included.

 

Global Template Market Segments Include:

By Type: Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock equipment, Tractors, Other Types

By Capacity: Small, Medium, Large

By Operation: Manual, Semi-Autonomous, Fully-Autonomous

By Application: Spraying, Water Supply and Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the farm machinery and equipment market in 2021.

 

Eco-friendly electric tractors are likely to be an emerging trend in the farm machinery and equipment market. Eco-friendly tractors operate through electronic batteries that can be recharged simply by plugging them into a standard socket and don’t require any kind of fuel that creates air pollution. There are also many tractors where farmers can install wind or solar power to produce electricity to charge the tractor’s batteries.

 

TBRC’s template market report covers:

Major Market Players: AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V, Escorts Group, ISEKI & Co. Ltd, John Deere (Deere & Company), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), and Valmont Industries Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

 

The Farm Machinery And Equipment Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides template market overviews, analyzes and forecasts market size, share, template market players, template market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s template market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Here Is A List Of Similar Reports From The Business Research Company:

Agricultural Implement Global Market Report 2022

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Agriculture, Construction, And Mining Machinery Global Market Report 2022

 

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