Press release
US And Canada Agricultural Machinery Market Growth Trends, Regional Breakdown, Segmentation, Restraints, and Forecast to 2024-2031 - Kubota Canada Ltd., Deere & Company., KUHN SAS.
US And Canada Agricultural Machinery Market
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What is the projected growth rate (CAGR) of the Global US And Canada Agricultural Machinery market from 2024 to 2031, and what is the market value expected to change by 2031?
U.S. and Canada Agricultural Machinery Market reached US$ 108.2 billion in 2022 and is expected to reach US$ 177.7 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.
What is US And Canada Agricultural Machinery Market?
The agricultural machinery market in the U.S. and Canada is a vital sector driven by advanced technologies, automation, and increasing demand for high-efficiency farming equipment. In both countries, the market is bolstered by large-scale farming operations and government incentives promoting the adoption of precision farming and sustainability practices. Major machinery categories include tractors, harvesters, planting equipment, and irrigation systems, with a growing emphasis on smart technologies like GPS-guided machinery and AI integration.
Key Players:
Profiles of some of the major players in the global US And Canada Agricultural Machinery market, which include:
Kubota Canada Ltd., Deere & Company., KUHN SAS, CLAAS KGaA mbH, MAHINDRA USA, INC., DEUTZ-FAHR, Valtra Inc., AGCO Corporation., CNH Industrial, and YANMAR America Corporation.
Industry Development:
In January 2024, Asko Holding Group plans to acquire a 97% stake in the Canadian agricultural machinery manufacturer, Buhler Industries Inc., from Rostselmash (RSM) for 60.5 million Canadian dollars (approximately $45.5 million). Buhler Industries, known for producing equipment under the Versatile and Farm King brands, has been a key player in North America's agricultural machinery market. This acquisition marks a significant shift in ownership and is likely to impact the future strategic direction of Buhler Industries in the competitive machinery sector.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global US And Canada Agricultural Machinery market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Tractors, Implements, Harvesting, Sprayers, Irrigation Machinery, Post Harvesting, Loaders, Haying and Forage Machinery, Others.
By Automation: Automatic, Semi-Automatic, Manual.
By Distribution Channel: Company Stores, Hypermarkets/Supermarkets, Specialty stores, Others.
By Application: Land Development, Threshing & Harvesting, Sowing & Planting, Plant Protection, Others.
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Key Features
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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