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Agricultural Equipment Market to total US$ 202.78 Billion by 2035, expanding at a 4.3% CAGR- Fact.MR Study
Agricultural Equipment Market
Growing need for mechanization of agriculture across the globe and precision farming technology have driven the development of this sector. The growing necessity to enhance the productivity of farms in an effort to keep pace with dwindling arable land and labor available remains a relevant imperative.
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Agricultural Equipment Industry Segmentation by Leading Investment Segments
The agriculture equipment industry is divided by equipment type into tractor-pulled/attachment and self-propelled. By application, the segment consists of harvesting & threshing, weed cultivation, plant protection, post-harvest & agro-processing, and land development and seedbed preparation. Ownership models in this area are grouped under individual and rental use, indicative of financial adaptability and operating size of farmers and agribusiness. Geographically, the sector covers North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Analysis of Top Countries
Fact.MR estimates the UK industry to develop at a CAGR of 4.6% from the years 2025 to 2035. Post-Brexit agricultural reform has presented opportunities for growth by innovation, with DEFRA's Environmental Land Management schemes providing incentives for green mechanisation in the form of funding. Farms in Britain are increasingly embracing autonomous weeding technology and sensor-based soil monitors to enhance precision.
Germany's higher manufacturing and historical dominance in precision engineering continue to drive regional trends. The nation is home to some of Europe's largest OEMs and has heavy investments in autonomous technology and electrification. The Germany sales will register a 4.8% CAGR during the forecast period 2025 to 2035, Fact.MR estimates.
Fact.MR predicts the South Korean agri-machinery market will experience a CAGR of 4.5% during 2025 to 2035 driven by proactive government stimulus and cutting-edge manufacturing equipment. Korea is known for its technology-led method and is leading the way with sophisticated, IoT-infused machines fit for its tiny land size.
The Italian sales are forecast by Fact.MR will increase at a 4.3% CAGR in the forecast period, which mirrors that of the world but is influenced by its niche-specific interest in specialty crops and vineyard automation
Key Strategies
In the agricultural equipment industry, all stakeholder groups have different strategies in keeping with prevailing industry trends and become competitive. Production companies are focusing more and more on product innovation, that is, integrating precision farming technology into products. These include autonomous equipment, sensors with Internet of Things integration, and artificial intelligence-based analytics for data to improve farm efficiency and sustainability. Production companies are also spreading their geographical reach, especially in developing nations, where the requirement of mechanized farming increases at the highest rate.
Investors are investing massive capital in companies that adopt green practices and technology. Investment companies are seriously investing capital in firms specializing in manufacturing agriculture equipment that is energy-efficient and carbon-free, as global environmental regulations keep becoming stricter. They are also investing in strategic buyouts to develop a presence in fast-emerging industries, particularly in Asia and Latin America where agriculture is getting modernized very quickly.
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Key Players
Bucher Industries AG
Deere & Company
Tractor and Farm Equipment Limited (TAFE)
LEMKEN GmbH & Co. KG
ISEKI & CO., LTD.
Deutz-Fahr
SDF S.p.A.
Krone UK Group
Mahindra & Mahindra Ltd.
CNH Industrial N.V.
Mitsubishi Mahindra Agricultural Machinery Co. Ltd.
CLAAS KGaA mbH
EXEL Industries
Kubota Corporation
AGCO Corporation
Segmentation
By Category :
Tractor-Pulled/ Attachment
Self-Propelled
By Application :
Harvesting & Threshing
Weed Cultivation
Plant Protection
Post-harvest & Agro-processing
Land Development & Seed Bed Preparation
By Ownership :
Individual
Rental
By Region :
North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia & Pacific
Middle East & Africa
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