Agriculture and Farm Equipment Market Size and Share is Expected to Reach US$ 111.17 Billion by 2032 Growing at a CAGR 4.70% Exclusive Report by PMR

The global agriculture and farm equipment market was valued at USD 73.72 Billion in 2023 and is projected to reach USD 111.17 Billion by 2032, exhibiting a CAGR of 4.70% during the forecast period of 2024 to 2032.

The latest analysis by Polaris Market Research reveals that the global Agriculture and Farm Equipment Market is anticipated to witness a steady CAGR of 4.70% from 2024 to 2032. The market is anticipated to expand owing to rising demand for farm mechanization in developing nations and the presence of favorable government regulations.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭𝐬: https://www.polarismarketresearch.com/industry-analysis/agriculture-and-farm-equipment-market/request-for-sample

Agriculture and farm equipment refer to mechanical devices and machinery used for farming purposes. The machines help in meeting the needs of all types of farming activities, ranging from small-scale homesteaders and industrial-sized farming activities. Agriculture and farm equipment incorporate a wide variety of devices of varying complexity, ranging from small hand-held equipment to modern harvesters. Some commonly used equipment in the farming sector includes tractors, forage harvesters, and all-terrain vehicles. Other attachments and implements used are plows, harrows, fertilizer spreaders, seeders, balers, and wagons or trailers.

The introduction of new technologies and rising government support have resulted in the growing trend towards mechanization in several developing nations. Various governments worldwide provide subsidies and other incentives to farmers to get farm equipment. Also, in order to cater to the requirements of small-scale farmers, several industry participants are developing low-cost machinery. As a result, the industry is projected to develop over the next few years.

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬

• Deere & Company
• CNH Industrial NV
• AGCO Corporation
• Kuhn Group
• Krushi Chang Harvesters
• Morris Equipment Ltd.
• Tractors & Farm Equipment Limited
• Valmont Industries Inc.
• Mahindra & Mahindra Ltd.
• Tractor and Farm Equipment Limited (TAFE)
• Excel Industries
• Krone UK Group
• Kubota Corporation
• SDF S.p.A

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/66/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• By Type
• Tractors
• Harvesters
• Soil Preparation & Cultivation
• Irrigation & Crop Processing
• Agriculture Spraying Equipment
• Hay & Forage Machines
• Others

𝐁𝐲 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧

• Automatic
• Semi-automatic
• Manual

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/agriculture-and-farm-equipment-market

𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐅𝐚𝐫𝐦 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• The harvester segment is anticipated to witness the fastest CAGR in the forecast period. The growth rate of the harvester segment in the agriculture and farm equipment market is expected to continue in the coming years, driven by the increasing demand for efficient and productive harvesting machines.

• The semi-automatic equipment segment is anticipated to dominate the market in the forecast period. One of the key growth factors is the increasing adoption of precision agriculture techniques, which require high-tech equipment and machinery that are often customized for specific applications.

• The original Equipment Manufacturers (OEMs) segment is projected to witness the fastest growth rate in the forecast period. The OEM segment is a critical component of the agriculture and farm equipment market, providing farmers with the specialized equipment they need to maximize productivity and efficiency.

• Europe is projected to account for a considerable growth rate in the forecast period. The increasing adoption of advanced technologies, precision farming practices, and the rising demand for food products are the major factors for the segment's growth.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐄𝐠𝐠 𝐈𝐧𝐜𝐮𝐛𝐚𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3429485/egg-incubator-market-forecasted-to-surpass-usd-168-58-million

𝐏𝐨𝐮𝐫 𝐏𝐨𝐢𝐧𝐭 𝐃𝐞𝐩𝐫𝐞𝐬𝐬𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3429500/pour-point-depressant-market-a-comprehensive-trends-analysis

𝐏𝐨𝐰𝐝𝐞𝐫𝐞𝐝 𝐅𝐚𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3429739/powdered-fats-market-is-estimated-to-cross-a-worth-of-3-43-billion

𝐏𝐫𝐞-𝐨𝐰𝐧𝐞𝐝 𝐋𝐮𝐱𝐮𝐫𝐲 𝐖𝐚𝐭𝐜𝐡𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3432084/pre-owned-luxury-watches-market-expected-to-grow-at-a-cagr

𝐀𝐈 𝐢𝐧 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3429795/ai-in-cybersecurity-market-is-expected-to-cross-a-revenue-of-usd

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.