Global Powered Agriculture Equipment Market Overview
The powered agriculture equipment market encompasses a wide array of solutions such as tractors, combines, planters, sprayers, and other equipment such as tilling equipment, haymaking equipment and balers. Farm tractors accounted for the largest share in the market, followed by a combine harvester, planters, and sprayers. Farmers across the globe are increasingly adopting powered agriculture equipment to improve the yield, soil fertility, operational efficiency, and profitability.
Global Powered Agriculture Equipment Market Dynamics
Some of the prominent trends that the market is witnessing include growing usage of cost-cutting strategies for designing farm equipment, rising preference for machines with high capacity and power, rising incorporation of innovative technologies in farm machinery. High growth in the target market is expected to be driven by the increasing need for increasing agriculture production and reducing the requirement of manual labor. Moreover, the global powered agriculture equipment market has been strongly motivated by the substantial support of the government in terms of investments, favorable initiatives, and trade policies. The demand for next-generation powered agriculture equipment is growing due to the increasing Product Types in the farming industry. Farmers across the world are using auto-guided tractors to reduce multiple trips for farm monitoring, hence reducing crop damage, and fuel consumption. Agricultural equipment and tools play a vital role in various functions according to consumer needs. Powered agriculture equipment replace traditional methods due to highly innovated and advanced products. The growth trajectory of the powered agriculture equipment market is guided by these technological innovations and advancements. The advent of the Internet of Things (IoT) and automation has led to a noteworthy development in the powered agriculture equipment market. Automation in agriculture has opened new avenues for growth in the near future. The need for maximum production in limited space is projected to push the expansion of the powered agriculture equipment market. Furthermore, the need for machinery for undertaking new ways of farming such as hydroponics are also prognosticated to favor the proliferation of the powered agriculture equipment market
Global Powered Agriculture Equipment Market Segmentation
The global powered agriculture equipment market is segmented based on product type, and region.
Based on product type, powered agriculture equipment market has been divided as tractors, combine/combine harvester, sprayer, soil preparation & cultivation equipment, seed drill and others. Tractors segment accounted for the largest market share. Tractors are essential in the agriculture industry and they are the highest volume segment in the market. The high sales of tractors can be attributed to their multifunction. This is because they are usable as agricultural equipment in monsoons and for other transport and commercial purposes.
Regional Insights:
Based on the region the global powered agriculture equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific accounts highest revenue share to the global powered agriculture equipment market. The region comprises more than 60% of the world’s population and is predicted to increase in the future, due to which the country is facing issues of food shortage. This generated the need of increasing the food production. North America powered agriculture equipment market is projected to register a high CAGR over the forecast period as it is the major producer of wheat, corn and soybean, which require the use of agricultural equipment.
Global Powered Agriculture Equipment Market, By Product Type:
- Tractors
- Combine Harvester
- Sprayer
- Soil Preparation
- Cultivation Equipment
- Seed Drill
- Others
Global Powered Agriculture Equipment Market, By Region:
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- North America
- North America Powered Agriculture Equipment Market, By Product Type
- North America Powered Agriculture Equipment Market, By Country
- U.S.
- Canada
- Europe
- Europe Powered Agriculture Equipment Market, By Product Type
- Europe Powered Agriculture Equipment Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Powered Agriculture Equipment Market, By Product Type
- Asia Pacific Powered Agriculture Equipment Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Powered Agriculture Equipment Market, By Product Type
- Latin America Powered Agriculture Equipment Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Powered Agriculture Equipment Market, By Product Type
- Middle East & Africa Powered Agriculture Equipment Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Global Powered Agriculture Equipment Market Key Players
The key players operating the global powered agriculture equipment market involves Deere and Co., CNH Industrial, AGCO Corporation, CLAAS Group, Kinze Manufacturing Inc., ISEKI Group, Mahindra & Mahindra, Escorts Group, Kubota Corporation, and Alamo Group Inc. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in November 2018, CNH Industrial entered into the strategic digital agriculture agreement with Farmers Edge. Farmers Edge is a Canada-based agri-tech company focused on data-driven agricultural decision-support systems. Through this agreement, customers will get access to FarmCommand, a unique platform that interfaces with the brand’s existing precision farming portals and further extends the range of planning, analysis, execution and agronomic decision-making information available to them.
Global Powered Agriculture Equipment Market Company Profile
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- Deere and Co.
- Company Overview
- Deere and Co.
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- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
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- CNH Industrial
- AGCO Corporation
- CLAAS Group
- Kinze Manufacturing Inc.
- ISEKI Group
- Mahindra & Mahindra
- Escorts Group
- Kubota Corporation
- Alamo Group Inc.
“*” marked represents similar segmentation in other categories in the respective section
Global Powered Agriculture Equipment Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Powered Agriculture Equipment Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Powered Agriculture Equipment Market, By Product Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Tractors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Combine Harvester
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Sprayer
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Soil Preparation and Cultivation Equipment
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Seed Drill
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Powered Agriculture Equipment Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Deere and Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- CNH Industrial
- AGCO Corporation
- CLAAS Group
- Kinze Manufacturing Inc.
- ISEKI Group
- Mahindra & Mahindra
- Escorts Group
- Kubota Corporation
- Alamo Group Inc.
- Deere and Co.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Powered Agriculture Equipment Market is segmented into product type, and region.
The exponential population of the world has led to a drastic rise in the demand for food. This, in turn, has accelerated the need for advancements in agriculture technology for better productivity.
By region, Asia Pacific accounted for the largest market share of 33.47%, with a market value of USD 23.3 billion and is projected to grow at the highest CAGR of 6.26%.
The Key players operating in the Global Powered Agriculture Equipment Market includes Deere and Co., CNH Industrial, AGCO Corporation, CLAAS Group, Kinze Manufacturing Inc., ISEKI Group, Mahindra & Mahindra, Escorts Group, Kubota Corporation, and Alamo Group Inc.