Agricultural Implement Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
As per the agricultural implement market report by The Business Research Company, the agricultural implement manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries.
The global agricultural implement market grew from $248.22 billion in 2022 to $266.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The agricultural implement market is expected to grow to $342.91 billion in 2027 at a CAGR of 6.5%.
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Major competitors in the agricultural implement market include Deere & Company, Kubota Corp, CNH Industrial NV, AGCO Corporation, EXOR Group, Claas KGaA mbH, The Toro Company, Tetra Laval International S.A, Bucher Industries AG, and Techtronic Industries Co. Ltd.
The agricultural implement market is segmented -
• By Type: Farm Machinery And Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment
• By Operation: Autonomous, Semi-autonmous, Manual
• By Capacity: Small, Medium, Large
• By Application: Land Development and Seed Bed Preparation, Sowing and Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-Harvest and Agro Processing
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the agricultural implement market.
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Agricultural implements refer to tools, which are required to carry out agricultural practices to decrease human labor and improve field crop yield.
The Table Of Content For The Agricultural Implement Market Include:
1. Executive Summary
2. Report Structure
3. Agricultural Implement Market Characteristics
4. Agricultural Implement Market Product Analysis
5. Agricultural Implement Market Supply Chain
6. Agricultural Implement Market Customer Information
20. Africa Agricultural Implement Market
21. Agricultural Implement Market Competitive Landscape
22. Key Mergers And Acquisitions In The Agricultural Implement Market
23. Market Background: Agriculture, Construction, And Mining Machinery Manufacturing Market
The "Global Agricultural Implement Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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