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Powered Agriculture Equipment Global Market By Product Type, By Automation, By Business, Opportunity Analysis And Industry Forecast, 2023-2032 | AGCO Corporation, John Deere, Mahindra & Mahindra Limited, CNH Industrial N.V., Kubota Corporation
Powered Agriculture Equipment Market
Powered Agriculture Equipment Market Size, Growth Rate, And Forecast
The global powered agriculture equipment market size grew from $88.77 billion in 2022 to $97.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. 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 powered agriculture equipment market size is expected to grow to $137.93 billion in 2027 at a CAGR of 9.1%.
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Powered Agriculture Equipment Market Drivers
Increasing demand for organic food is expected to propel the growth of the powered agriculture equipment market going forward. Organic food refers to food that is certified to have grown on soil that had no prohibited substances applied for three years prior to harvest.
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Powered Agriculture Equipment Market Segments
• By Product Type: Tractors, Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill, Other Product Types
• By Propulsion: Battery Electric, Hybrid Electric
• By Power Output: 250 HP
• By Application: Harvesting, Sowing and Planting, Spraying and Fertilizing, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Powered Agriculture Equipment market.
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Powered Agriculture Equipment Market Key Players
Major competitors in the Powered Agriculture Equipment market include AGCO Corporation, John Deere, Mahindra & Mahindra Limited, CNH Industrial N.V., Kubota Corporation, CLAAS Group Ltd., Alamo Group Inc., Escorts Limited, Iseki & Co., Ltd., SDF Group, Trimble Inc., Parrot SA, Harvest Automation Inc., PrecisionHawk, and Tirth Agro Technology Private Limited.
The Business Research Company's "Global Powered Agriculture Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Powered Agriculture Equipment Market Include:
1. Executive Summary
2. Powered Agriculture Equipment Market Characteristics
3. Powered Agriculture Equipment Market Trends And Strategies
4. Powered Agriculture Equipment Market - Macro Economic Scenario
5. Powered Agriculture Equipment Market Size And Growth
.....
26. Africa Powered Agriculture Equipment Market
27. Powered Agriculture Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Powered Agriculture Equipment Market
29. Powered Agriculture Equipment Market Future Outlook and Potential Analysis
30. Appendix
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