Agricultural Equipment Market is anticipated to expand at a compound annual growth rate (CAGR) from 2022 to 2031

New York, Global Agricultural Equipment Market report from Global Insight Services is the single authoritative source of intelligence on Agricultural Equipment Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Agricultural equipment is any kind of machinery used on a farm to help with farming. There are many different types of equipment, from simple hand tools to large machines. Most equipment is used to help with planting, harvesting, and transporting crops and livestock. Some common examples of agricultural equipment include tractors, combines, plows, and hay balers.

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Key Trends

There are a number of key trends in agricultural equipment technology that are worth mentioning.

Firstly, there is a trend towards more sophisticated and expensive equipment. This is due to the fact that farmers are increasingly using technology to improve their productivity and efficiency.

Secondly, there is a trend towards smaller and more compact equipment. This is because farmers are increasingly working in smaller fields and are therefore requiring less space.

Thirdly, there is a trend towards more environmentally friendly equipment. This is because farmers are becoming more aware of the impact that their activities have on the environment and are therefore looking for ways to reduce their impact.

Finally, there is a trend towards more automated equipment. This is because farmers are looking for ways to reduce the amount of time and effort that they have to put into their work.

Key Drivers

The key drivers of the Agricultural Equipment market are the increase in demand for food globally, the need for higher productivity in agriculture, and the need for efficient and sustainable farming practices.

The demand for food is expected to continue to grow as the world population increases and the purchasing power of consumers increases. This will require farmers to produce more food with fewer resources, which will drive the need for higher productivity in agriculture.

In addition, the need for efficient and sustainable farming practices will continue to grow as the effects of climate change become more evident.

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Market Segments

The Agricultural Equipment Market is segmented by type, automation, business, and region. By type, the market is categorized into tractors, harvesters, soil preparation & cultivation equipment, and others. Depending on automation, it is classified into manual, semi-automatic, and automatic equipment. Considering business, the market is classified into original equipment manufacturers (OEMs) and aftersales. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Agricultural Equipment Market includes players such as AGCO Corporation, FlieglAgro-Center GmbH, Agromaster, Amazone Inc., APV GmbH, Bellota Agri solutions, CLAAS KGaAmbH ,CNH Industrial N.V., Deere & Company and Escorts Limited.

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