Market Overview

The global agriculture equipment market size is projected to reach USD 232.20 billion by 2028, registering a CAGR of 4.8% from 2022 to 2028. Shortage of labor worldwide particularly in Western Europe and the U.S. will play a key role in driving the adoption of agriculture equipment over the forecast period. Furthermore, shortage of labor in the field of agriculture equipment and telematics to monitor tractor performance and improve farm yield is also anticipated to propel the growth of the market. Apart from advancements in the agriculture equipment space and shortage of labor shortage, the growing population to meet the global food requirements will also be a major factor, increasing demand in the long term.

The COVID-19pandemic hampered the growth of the market for agriculture equipment in H1 2020. A government-imposed lockdown and stringent regulations impeded business activities worldwide, including the agriculture equipment industry, consequently impacting sales. Several key players in the market, including AGCO Corporation, Deere & Company, and KUBOTA Corporation reported a dip in sales from Q1 2020 to Q2 2020. Although the year 2020 witnessed a slight dip, it was offset by the economic revival post-Q2 2020.

In 2021, the market recorded double-digit growth owing to the pent-up demand and backlog orders resulting from the pandemic. This trend will continue over the short term to meet backlogs from 2020 and replace aging equipment over the forecast period. Although, the overall market statistics paint a rosy picture over the short-term, supply chain disruptions could still pose a threat due to low inventory levels at an OEM level.

Free Sample Report @ https://www.statisticalinsights.com/sample-request/100-Agriculture-Equipment-Market

Agriculture equipment refers to all those machines which facilitate the production and processing of agricultural crops and agricultural livestock. All agricultural land require a wide range of equipment such as tractor, harvester, land leveler and others for a wide range of farming practices such as planting, harvesting, irrigation and others.
This report elaborates the market size, market characteristics, and market growth of the Agriculture Equipment industry, and breaks down according to the type, application, and consumption area of Agriculture Equipment. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

Key players in the global Agriculture Equipment market covered in Chapter 13:
YTO Group
AGCO Corporation
Caterpillar Incorporated
Daedong Industrial Company
John Deere
Kubota Corporation
Bucher Industries
Alamo Group
Fiat SpA
GROUPE EXEL INDUSTRIES SA
MTD PRODUCTS AG
CNH Global NV
Kverneland ASA
Iseki & Company
Escorts Limited
Mitsubishi Heavy Industries
CLAAS KGAA MBH

In Chapter 6, on the basis of types, the Agriculture Equipment market from 2015 to 2025 is primarily split into:
Tractor
Harvester
Cultivation & Soil Separation Equipment
Others

In Chapter 7, on the basis of applications, the Agriculture Equipment market from 2015 to 2025 covers:
OEM
Aftermarket

Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)

Complete Report @ https://www.statisticalinsights.com/main-report/100-Agriculture-Equipment-Market

Table of Content

1 Agriculture Equipment Market - Research Scope

2 Agriculture Equipment Market - Research Methodology

3 Agriculture Equipment Market Forces

4 Agriculture Equipment Market - By Geography

5 Agriculture Equipment Market - By Trade Statistics

6 Agriculture Equipment Market - By Type

7 Agriculture Equipment Market - By Application

8 North America Agriculture Equipment Market

9 Europe Agriculture Equipment Market Analysis

10 Asia-Pacific Agriculture Equipment Market Analysis

11 Middle East and Africa Agriculture Equipment Market Analysis

12 South America Agriculture Equipment Market Analysis

13 Company Profiles

14 Market Forecast - By Regions

15 Market Forecast - By Type and Applications

Continue…

About The Statistical Insights

The Statistical Insights is one of the largest collections of market research reports from numerous publishers. We have a team of industry specialists providing unbiased insights on reports to best meet the requirements of our clients. We offer a comprehensive collection of competitive market research reports from a number of global leaders across industry segments.
The research reports by The Statistical Insights, are produced by experienced market researchers. Reports will have in-depth analysis about-

CONTACT US

sales@statisticalinsights.com

Phone:
+ (210) 775-2636 (USA)
+ (91) 853 060 7487

 Website @ https://www.statisticalinsights.com/