Agriculture machinery is used in farming to increase the productivity of crops. This farming equipment is used in farming operations to save time and labor costs. These equipment are easy to use and help farmers in agricultural operations such as tilling, plowing, disking, and harvesting. Now, the agricultural sector has shifted to modern farming from traditional farming due to the development of advanced technologies. Additionally, the use of advanced agricultural equipment has minimized the need for manual laborers on farms which in turn, reduces the cost incurred on manpower. Thus, in turn, increases the demand for agriculture and farm machinery market.

Market Dynamics:

Increasing demand of agriculture equipment Asia Pacific region is expected to drive market growth during the forecast period.  This is attributed to the presence of a large agriculture sector in the region. Emerging economies such as India and china are major exporters of agricultural products, which indicates that the region consists of a large agriculture sector and is a highly attractive market for agricultural equipment. For instance, in 2020, India exported worth US$ 38,490 million agricultural and processed food products to more than 100 countries in the regions such as Middle East, Southeast Asia, SAARC countries and European Union (EU).

Several government authorities are also taking initiatives to educate farmers about the benefits of using agricultural equipment in farming operations. Furthermore, the rising government support and incentives regarding farming equipment are also contributing to the growth of this market in the Asia Pacific. For instance, in India, the Rashtriya Krishi Vikas Yojana (RKVY) supports farmers in purchasing agricultural equipment’s such as tractors at subsidized rates.

Key features of the study:

• This report provides in-depth analysis of the global agriculture and farm machinery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global agriculture and farm machinery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include CNH Global NV, Yamabiko Corporation, Deere and Company, Mahindra & Mahindra Limited, CLAAS KGaA mbH, Same Deutz-Fahr, Bucher Industries AG, AGCO Corporation, Iseki & Co., Ltd., J.C. Bamford Excavators Limited (JCB), Kubota Corporation, and Alamo Group, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global smart parking systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global agriculture and farm machinery market

Detailed Segmentation:

• Global Agriculture and Farm Machinery Market, By Product
  • Farm Tractors
  • Harvesting Machinery
  • Plowing and Harvesting Machinery
  • Planting and Fertilizing Machinery
  • Haying Machinery
  • Other Agriculture Machinery
  • Parts and Attachment
• Global Agriculture and Farm Machinery Market, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa
• Company Profiles
  • CNH Global NV*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Yamabiko Corporation
  • Deere and Company
  • Mahindra & Mahindra Limited
  • CLAAS KGaA mbH
  • Same Deutz-Fahr
  • Bucher Industries AG
  • AGCO Corporation
  • Iseki & Co., Ltd.
  • J.C. Bamford Excavators Limited (JCB),
  • Kubota Corporation
  • Alamo Group, Inc.