Market Overview:
The global agricultural machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food owing to the growing population, rising income levels, and changing dietary habits across the globe. In addition, technological advancements in agricultural machinery are also propelling the growth of this market. On the basis of type, tractors and power equipment held a major share of the global agricultural machinery market in 2017. This segment is projected to grow at a CAGR of 5.8% during 2018-2030 due to increasing demand for mechanization in agriculture sector across different countries worldwide. Soil cultivation equipment is another key type segment that is anticipated witness high growth rate over next decade on account escalating adoption rates coupled with technological advancements made in this product category over past few years . Planting equipment (seeders & transplanters), fertilizing & pest control equipments (sprayers & dusters), irrigation systems. Regionally, North America accounted for largest revenue share followed by Europe in 2017 Agricultural Machinery Market .
Product Definition:
The term agricultural machinery refers to the machines and equipment used in modern agriculture. They include tractors, harvesters, threshers, seeders, sprayers and other machines used for tilling the soil, planting crops, harvesting crops or controlling pests. Agricultural machinery has greatly increased the efficiency of modern farming operations and made it possible to produce larger quantities of food with fewer people.
Tractor and Power:
Tractor and power is a combination of two machines, which are used for agricultural purposes. The main function of the tractor is to provide mechanical advantage to the operator and power for working the implement or machinery. Tractors are widely used in agriculture sector as they help in cultivation, harvesting, seeding & fertilizing among others.
The global tractor market is expected to witness significant growth over the forecast period owing to increasing demand from developing countries such as India.
Soil Cultivation:
Soil cultivation is the process of improving soil quality by increasing its fertility. It involves techniques such as adding organic matter, aeration, and mulching to increase the biological content of soil. Cultivation also helps in making better use of resources such as phosphorous & potassium which are naturally present in the soil but in limited quantities.
The global agriculture industry has been witnessing several technological innovations over recent years owing to rising demand for food worldwide.
Application Insights:
The global demand for agricultural machinery has witnessed a paradigm shift due to the changing dynamics of the agriculture sector. The sector is witnessing an increase in demand for technologically advanced equipment, which can be used to improve crop productivity. This factor is anticipated to drive growth over the forecast period.
Aerospace was one of the prominent applications in 2017 and accounted for 20% of total industry revenue that year. The segment is expected to witness significant growth owing to increasing use of sophisticated equipment and parts across various aircraft types including passenger jets, business jets, military aircrafts and helicopters among others. Agriculture emerged as one of the prominent segments in 2017 with a share estimated at 19%. It was followed by alloy production (8%), polishing (7%) and others (7%).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization, which has led to an increase in agricultural mechanization. Moreover, increasing disposable income levels coupled with government initiatives such as “Housing for All by 2022†and “One Child per Couple Policy†implemented by China are expected to drive demand for agricultural machinery over the next eight years.
Europe was valued at USD X billion in 2017 owing to growing demand from countries including Russia, Spain, France and Italy among others. Countries such as Germany have a well-developed agriculture sector due to which it attracts considerable attention from investors looking for lucrative opportunities within agriculture industry thereby driving regional growth.
Growth Factors:
- Increasing demand for food due to population growth
- Rising income levels of consumers in developing countries
- Technological advancements in agricultural machinery
- Government policies and subsidies for agricultural machinery
- Growing awareness about the benefits of using agricultural machinery
Scope Of The Report
Report Attributes
Report Details
Report Title
Agricultural Machinery Market Research Report
By Type
Tractor and Power, Soil Cultivation, Planting, Fertilizing & Pest Control, Irrigation, Produce Sorter, Harvesting / Post-harvest, Others
By Application
Alloy Production, Agriculture, Polishing, Aerospace, Others
By Companies
Kverneland AS, Grimme, Lemken, Rabe, Rauch, Monosem, AMAZONEN-Werke, Ten Square, Monosem, Great Plains, OXBO, Hagie, Double L, Top Air, CHALLENGER, AGCO, New Holland, John Deere, CNH, Kinze
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Agricultural Machinery Market Report Segments:
The global Agricultural Machinery market is segmented on the basis of:
Types
Tractor and Power, Soil Cultivation, Planting, Fertilizing & Pest Control, Irrigation, Produce Sorter, Harvesting / Post-harvest, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Alloy Production, Agriculture, Polishing, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kverneland AS
- Grimme
- Lemken
- Rabe
- Rauch
- Monosem
- AMAZONEN-Werke
- Ten Square
- Monosem
- Great Plains
- OXBO
- Hagie
- Double L
- Top Air
- CHALLENGER
- AGCO
- New Holland
- John Deere
- CNH
- Kinze
Highlights of The Agricultural Machinery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tractor and Power
- Soil Cultivation
- Planting
- Fertilizing & Pest Control
- Irrigation
- Produce Sorter
- Harvesting / Post-harvest
- Others
- By Application:
- Alloy Production
- Agriculture
- Polishing
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agricultural Machinery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agricultural machinery is a category of equipment used in agriculture to perform tasks such as planting, harvesting, and moving crops.
Some of the major players in the agricultural machinery market are Kverneland AS, Grimme, Lemken, Rabe, Rauch, Monosem, AMAZONEN-Werke, Ten Square, Monosem, Great Plains, OXBO, Hagie, Double L, Top Air, CHALLENGER, AGCO, New Holland, John Deere, CNH, Kinze.
The agricultural machinery market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agricultural Machinery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Agricultural Machinery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Agricultural Machinery Market - Supply Chain
4.5. Global Agricultural Machinery Market Forecast
4.5.1. Agricultural Machinery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Agricultural Machinery Market Size (000 Units) and Y-o-Y Growth
4.5.3. Agricultural Machinery Market Absolute $ Opportunity
5. Global Agricultural Machinery Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Agricultural Machinery Market Size and Volume Forecast by Type
5.3.1. Tractor and Power
5.3.2. Soil Cultivation
5.3.3. Planting
5.3.4. Fertilizing & Pest Control
5.3.5. Irrigation
5.3.6. Produce Sorter
5.3.7. Harvesting / Post-harvest
5.3.8. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Agricultural Machinery Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Agricultural Machinery Market Size and Volume Forecast by Application
6.3.1. Alloy Production
6.3.2. Agriculture
6.3.3. Polishing
6.3.4. Aerospace
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Agricultural Machinery Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Agricultural Machinery Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Agricultural Machinery Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Agricultural Machinery Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Agricultural Machinery Demand Share Forecast, 2019-2029
9. North America Agricultural Machinery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Agricultural Machinery Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Agricultural Machinery Market Size and Volume Forecast by Application
9.4.1. Alloy Production
9.4.2. Agriculture
9.4.3. Polishing
9.4.4. Aerospace
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Agricultural Machinery Market Size and Volume Forecast by Type
9.7.1. Tractor and Power
9.7.2. Soil Cultivation
9.7.3. Planting
9.7.4. Fertilizing & Pest Control
9.7.5. Irrigation
9.7.6. Produce Sorter
9.7.7. Harvesting / Post-harvest
9.7.8. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Agricultural Machinery Demand Share Forecast, 2019-2029
10. Latin America Agricultural Machinery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Agricultural Machinery Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Agricultural Machinery Market Size and Volume Forecast by Application
10.4.1. Alloy Production
10.4.2. Agriculture
10.4.3. Polishing
10.4.4. Aerospace
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Agricultural Machinery Market Size and Volume Forecast by Type
10.7.1. Tractor and Power
10.7.2. Soil Cultivation
10.7.3. Planting
10.7.4. Fertilizing & Pest Control
10.7.5. Irrigation
10.7.6. Produce Sorter
10.7.7. Harvesting / Post-harvest
10.7.8. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Agricultural Machinery Demand Share Forecast, 2019-2029
11. Europe Agricultural Machinery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Agricultural Machinery Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Agricultural Machinery Market Size and Volume Forecast by Application
11.4.1. Alloy Production
11.4.2. Agriculture
11.4.3. Polishing
11.4.4. Aerospace
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Agricultural Machinery Market Size and Volume Forecast by Type
11.7.1. Tractor and Power
11.7.2. Soil Cultivation
11..3. Planting
11.7.4. Fertilizing & Pest Control
11.7.5. Irrigation
11.7.6. Produce Sorter
11.7.7. Harvesting / Post-harvest
11.7.8. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Agricultural Machinery Demand Share, 2019-2029
12. Asia Pacific Agricultural Machinery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Application
12.4.1. Alloy Production
12.4.2. Agriculture
12.4.3. Polishing
12.4.4. Aerospace
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Type
12.7.1. Tractor and Power
12.7.2. Soil Cultivation
12.7.3. Planting
12.7.4. Fertilizing & Pest Control
12.7.5. Irrigation
12.7.6. Produce Sorter
12.7.7. Harvesting / Post-harvest
12.7.8. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Agricultural Machinery Demand Share, 2019-2029
13. Middle East & Africa Agricultural Machinery Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Application
13.4.1. Alloy Production
13.4.2. Agriculture
13.4.3. Polishing
13.4.4. Aerospace
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Type
13.7.1. Tractor and Power
13.7.2. Soil Cultivation
13.7.3. Planting
13.7.4. Fertilizing & Pest Control
13.7.5. Irrigation
13.7.6. Produce Sorter
13.7.7. Harvesting / Post-harvest
13.7.8. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Agricultural Machinery Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Agricultural Machinery Market: Market Share Analysis
14.2. Agricultural Machinery Distributors and Customers
14.3. Agricultural Machinery Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kverneland AS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Grimme
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Lemken
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rabe
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rauch
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Monosem
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AMAZONEN-Werke
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ten Square
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Monosem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Great Plains
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. OXBO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hagie
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Double L
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Top Air
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CHALLENGER
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. AGCO
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. New Holland
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. John Deere
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CNH
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Kinze
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
