Global Farm Equipment Market Analysis Report Including Power Output, Drive Type, Sales Drivers, Latest Trends, Key Segmentations and Forecast till 2029

Based on previous market performance, the Global Farm Equipment market is expected to reach USD 131.04 billion in size by 2028. With a 4.02% CAGR.

Global Farm Equipment Market Overview:      

Farm equipment refers to things that have been widely used in various agricultural tasks in order to produce a variety of crops.

Tractors, plant protection equipment, crop processing equipment, and financing equipment are some of the most regularly used farm equipment.

The desire for agricultural mechanization has expanded in recent years, resulting in increasing demand for various types of farm equipment, adding to the overall expansion of the farm equipment market.

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The tools that farmers use to conduct a certain agricultural job are referred to as agriculture equipment. The use of automation in these technologies is becoming more common. In every vertical, including land development, threshing, harvesting, and soil preparation, agriculture machinery is equipped with IoT applications, GPS solutions, and other technologies.

Based on our expert's analysis the players that are leading the market includes: John Deere, Cnh Industrial, Mahindra & Mahindra, Agco Corporation, Kubota Corporation, Claas Kgaa Mbh, Iseki & Co., Ltd., Escorts Limited, Sdf Group, Yanmar Holdings Co., Ltd. and Others.

The whole market is segmented as follows:

Global Farm Equipment Market by Power Output, 2019-2028, (In USD Million)

250 HP

Global Farm Equipment Market by Drive Type, 2019-2028, (In USD Million)

Two-Wheel
Four-Wheel

Global Farm Equipment Market by Function, 2019-2028, (In USD Million)

Automotive
Plowing & Cultivating
Sowing & Planting
Plant Protection & Fertilizing
Harvesting & Threshing
Others

Global Farm Equipment Market by Propulsion, 2019-2028, (In USD Million)

Battery Electric
Hybrid Electric

Industry Developments:

CLAAS KGaAmbH purchased a minority share in Dutch start-up AgXeed B.V. in May 2021. The purchase was made with the goal of developing and commercialising self-driving agriculture machines. Aside from mergers and acquisitions, OEMs place a strong emphasis on new product development, which allows them to expand their product line, attract new consumers, and grow their client base, thereby bolstering their market presence.

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Global Farm Equipment Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.

Regional Analysis:  

This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Global Farm Equipment Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.

Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.

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This release was published on openPR.