Press release
Agriculture Equipment Market in U.S Grew by 2.8% in 2022, Favourable Climate and Increasing Demand For Crop Production Favouring Agriculture Equipment Sales in the U.S - Arizton
Agricultural practices in the US are typically characterized by automated irrigation systems and agricultural machinery, such as mechanized feedlots. As the demand for food and associated resources from the world's largest economy rises, there has been a tremendous rise in input resources, such as farm machinery used to improve productivity and efficiency. Moreover, the agriculture sector in the US is typically marked by a tremendous decline in the labor force, a consistent rise in productivity, and the consolidation of smaller farms into larger ones. Over the past three decades, there has been a 50% decline in the labor force engaged in the agriculture sector, while productivity increased by as much as 4.5% YOY due to farm mechanization. This indicates the maturity of farm machinery in the country. The saturation in the market has also contributed to the country's slow growth of the agriculture equipment industry. However, the agriculture equipment market in the US is expected to witness replacement demand as farmers consider more advanced agricultural equipment.
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USE OF ENERGY-EFFICIENT AGRI EQUIPMENT
In recent years the use of electric vehicles gaining popularity. Electric vehicles have become more popular for various applications. Electric tractors or related farm machinery are widely used in the industry for various indoor and outdoor applications. The rising trend of automation and increasing environmental concerns will accelerate growth. Farmers in developed countries are looking for electric equipment to reduce the cost of fuel and replace them with traditional (diesel fuel) equipment. For instance, in 2021, US-based tractor manufacturer Solectrac announced the launch of its new 70 HP, 60 kWh electric tractor.
The United States government intends to improve the living conditions of those involved in the supply chain and provide 100%. They also announced a 40% reduction in total GHG emissions by 2030, with a goal of zero emissions by 2040. As a result, demand for energy-efficient agricultural equipment is expected to skyrocket in the United States in the coming years.
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KEY VENDORS
• John Deere
• CNH Industrial
• AGCO
• Kubota
• SDF
• JCB
• CLAAS
• Mahindra
• Foton Motor
• KIOTI
• Sonalika
• Yanmar
MARKET SEGMENTATION
Equipment Type
• Tractors (Horsepower and Wheel-Drive)
• Planting Equipment (Seeder, Planter, and Transplanter)
• Tillage Equipment (Plough, Harrow, and Tiller)
• Harvesting Equipment (Tractor-Mounted Harvester, Trailed Forage Harvester, and Self-Propelled Combines)
• Mowing Equipment (Mower and Windrower)
• Sprayer
• Other Equipment (Loader and Baler)
Application Type
• Land Development and Seed Bed Preparation
• Sowing and Planting
• Plant Protection
• Harvesting and Threshing
• Post Harvesting
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TABLE OF CONTENT
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
8 INTRODUCTION
8.1 OVERVIEW
8.2 VALUE CHAIN ANALYSIS
8.2.1 OVERVIEW
8.2.2 RAW MATERIAL & COMPONENT SUPPLIERS
8.2.3 MANUFACTURERS
8.2.4 DEALERS/DISTRIBUTORS
8.2.5 RETAILERS
8.2.6 END-USERS
8.3 DISTRIBUTION CHANNELS FOR FARM EQUIPMENT
8.3.1 FINANCING OPTIONS FOR ACQUIRING FARM MACHINERY
8.4 SWOT ANALYSIS OF US AGRICULTURAL EQUIPMENT INDUSTRY
8.5 GOVERNMENT SUPPORT TO FARMERS
8.6 INCREASING ADOPTION OF PRECISION FARMING
8.7 AGRICULTURAL LAND-HOLDING STRUCTURES
8.8 IMPORT & EXPORT ANALYSIS
8.9 TECHNOLOGICAL ADVANCES
9 MARKET OPPORTUNITIES & TRENDS
9.1 TECHNOLOGICAL ADVANCES IN AGRICULTURAL EQUIPMENT TECHNOLOGY
9.1.1 SWATH CONTROL AND VARIABLE RATE TECHNOLOGY
9.1.2 HIGH DEMAND FOR AUTONOMOUS EQUIPMENT
9.2 SHORTAGE OF AGRICULTURAL LABORERS
9.3 USE OF ENERGY-EFFICIENT AGRI EQUIPMENT
9.4 HIGH LOCAL PRODUCTION CAPACITIES IN THE US
10 MARKET GROWTH ENABLERS
10.1 ASSISTANCE TO FARMERS THROUGH LOANS & SUBSIDIES
10.2 INCREASED AGRICULTURAL PRODUCTIVITY & EXPORTS
10.3 INCREASED FARM MECHANIZATION
11 MARKET RESTRAINTS
11.1 LACK OF AWARENESS OF THE LATEST INNOVATIONS IN AGRICULTURAL EQUIPMENT
11.2 HIGH DEMAND FOR USED & RENTAL AGRI EQUIPMENT
11.3 CLIMATE CHANGE ADVERSELY IMPACTS AGRICULTURAL ACTIVITIES
12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY
13 EQUIPMENT TYPE
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 TRACTORS
13.3.1 MARKET OVERVIEW
13.3.2 MARKET SIZE & FORECAST
13.3.3 HORSEPOWER: MARKET SIZE AND FORECAST
13.3.4 WHEEL-DRIVE: MARKET SIZE AND FORECAST
13.4 PLANTING EQUIPMENT
13.4.1 MARKET SNAPSHOT & GROWTH ENGINE
13.4.2 MARKET OVERVIEW
13.4.3 MARKET SIZE & FORECAST
13.4.4 SEEDER: MARKET SIZE & FORECAST
13.4.5 PLANTER: MARKET SIZE & FORECAST
13.4.6 TRANSPLANTER: MARKET SIZE & FORECAST
13.5 TILLAGE EQUIPMENT
13.5.1 MARKET SNAPSHOT & GROWTH ENGINE
13.5.2 MARKET OVERVIEW
13.5.3 MARKET SIZE & FORECAST
13.5.4 PLOUGH: MARKET SIZE & FORECAST
13.5.5 HARROW: MARKET SIZE & FORECAST
13.5.6 TILLER: MARKET SIZE & FORECAST
13.6 HARVESTING EQUIPMENT
13.6.1 MARKET SNAPSHOT & GROWTH ENGINE
13.6.2 MARKET OVERVIEW
13.6.3 MARKET SIZE & FORECAST
13.6.4 TRACTOR-MOUNTED HARVESTER: MARKET SIZE & FORECAST
13.6.5 TRAILED FORAGE HARVESTER: MARKET SIZE & FORECAST
13.6.6 SELF-PROPELLED COMBINE HARVESTER: MARKET SIZE & FORECAST
13.7 MOWING EQUIPMENT
13.7.1 MARKET SNAPSHOT & GROWTH ENGINE
13.7.2 MARKET OVERVIEW
13.7.3 MARKET SIZE & FORECAST
13.7.4 MOWER: MARKET SIZE & FORECAST
13.7.5 WINDROWER: MARKET SIZE & FORECAST
13.8 SPRAYER
13.8.1 MARKET OVERVIEW
13.8.2 MARKET SIZE & FORECAST
13.9 OTHER EQUIPMENT
13.9.1 MARKET SNAPSHOT & GROWTH ENGINE
13.9.2 MARKET OVERVIEW
13.9.3 MARKET SIZE & FORECAST
13.9.4 LOADER: MARKET SIZE & FORECAST
13.9.5 BALER: MARKET SIZE & FORECAST
14 APPLICATION TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 LAND DEVELOPMENT AND SEEDBED PREPARATION
14.3.1 MARKET OVERVIEW
14.3.2 MARKET SIZE & FORECAST
14.4 SOWING AND PLANTING
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.5 PLANT PROTECTION
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.6 HARVESTING AND THRESHING
14.6.1 MARKET OVERVIEW
14.6.2 MARKET SIZE & FORECAST
14.7 POST HARVESTING
14.7.1 MARKET OVERVIEW
14.7.2 MARKET SIZE & FORECAST
15 COMPETITIVE LANDSCAPE
15.1 COMPETITION OVERVIEW
15.1.1 RECENT DEVELOPMENTS BY TOP BRANDS
15.1.2 BRAND LOYALTY
15.1.3 SALES & EXPORTS
16 KEY COMPANY PROFILES
16.1 JOHN DEERE
16.1.1 BUSINESS OVERVIEW
16.1.2 PRODUCT OFFERINGS
16.1.3 KEY STRATEGIES
16.1.4 KEY STRENGTHS
16.1.5 KEY OPPORTUNITIES
16.2 CNH INDUSTRIAL
16.3 AGCO
16.4 KUBOTA
17 OTHER PROMINENT VENDORS
17.1 SDF
17.1.1 BUSINESS OVERVIEW
17.1.2 PRODUCT OFFERINGS
17.2 JCB
17.3 CLAAS
17.4 MAHINDRA
17.5 FOTON
17.6 KIOTI
17.7 SONALIKA
17.8 YANMAR
18 REPORT SUMMARY
18.1 KEY TAKEAWAYS
18.2 STRATEGIC RECOMMENDATIONS
19 QUANTITATIVE SUMMARY
19.1 MARKET BY EQUIPMENT TYPE
19.2 MARKET BY APPLICATION TYPE
20 APPENDIX
20.1 ABBREVIATIONS
ABOUT US:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
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