Agricultural Implement Market on Track for Strong Growth, Estimated to Grow at 5.8% CAGR Through 2029

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What Is the Expected CAGR for the Agricultural Implement Market Through 2025?
Over the past few years, the market for agricultural implements has seen substantial growth. It's projected to expand from $255.13 billion in 2024 to $271.68 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.5%. The historical growth can be linked to migrations, increases in population, and economic development.

What's the Projected Size of the Global Agricultural Implement Market by 2029?
The market size of agricultural tools is projected to witness robust expansion in the coming years, with a value anticipated to be $340.13 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%. The projected growth during this period is due to several factors including positive government regulations, investment in the agricultural sector, advancements in technology, and heightened awareness. Noteworthy trends for the forecasted time frame include the development of autonomous farming machinery, introduction of telematics technology, provision of robotic lawnmowers, and inclusion of automated milking systems to capitalize on the increasing demand for these appliances.

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Top Growth Drivers in the Agricultural Implement Industry: What's Accelerating the Market?
The growth of the agricultural implement market is anticipated to be propelled by accelerating demand for food crops. Food crops are cultivated and harvested products utilized in the preparation of human food. Agricultural implements - the tools and machinery used in different phases of food crop production - increase efficiency, cut down labor, and boost overall agricultural productivity. For example, data from the Food and Agriculture Organization (FAO), a specialized agency of the United Nations based in Italy, showed that in December 2022, global production of primary crop commodities observed a 2% growth compared to the previous year, amounting to a total of 9.5 billion metric tons in 2021. Cereal crops led production, making up 32% of this output, trailed by sugar crops, which accounted for 22% in 2021. Hence, the growing requirement for food crops is expected to stimulate the agricultural implement market's expansion in the future.

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What Trends Will Shape the Agricultural Implement Market Through 2029 and Beyond?
Key players in the agricultural implement market are continuously venturing into innovative and technological advanced farming machinery. Their main aim is to establish an edge over competitors and improve their assortment of products. The term "advanced agricultural machinery" refers to the adoption of contemporary technology and equipment in various farming activities to boost efficiency, productivity and sustainability. For instance, in Tamil Nadu in March 2024, the Farm Equipment Sector (FES) of Mahindra & Mahindra, an Indian tractor manufacturer that forms part of the Mahindra Group, introduced the Mahindra 6RO Paddy Walker, a six-row paddy transplanter. This robustly designed machinery, known for its power, reliability and performance, comes equipped with a powerful gearbox and engine that guarantees maximum efficiency while minimizing fuel usage. The machinery promotes productivity in paddy farming, extends service intervals, conserves water, and helps reduce the environmental footprint of paddy farming. In turn, this leads to an increase in the profitability of the crop.

What Are the Main Segments in the Agricultural Implement Market?
The agricultural implement market covered in this report is segmented -

1) By Type: Farm Machinery And Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment
2) By Operation: Autonomous, Semi-autonmous, Manual
3) By Capacity: Small, Medium, Large
4) By Application: Land Development And Seed Bed Preparation, Sowing And Planting, Weed Management, Plant Protection, Harvesting And Threshing, Post-Harvest And Agro Processing

Subsegments:
1) By Farm Machinery And Equipment: Tractors, Harvesters, Plows, Seeders and Planters, Irrigation Systems, Fertilizer Spreaders, Sprayers
2) By Lawn And Garden Tractor And Home Lawn And Garden Equipment: Ride-On Lawn Tractors, Walk-Behind Lawn Mowers, Garden Tillers And Cultivators, Hedge Trimmers, Leaf Blowers, Lawn Aerators

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Which Top Companies are Driving Growth in the Agricultural Implement Market?
Major companies operating in the agricultural implement market include Deere & Company, CNH Industrial N.V., AGCO Corporation, Kubota Corporation, CLAAS KGaA mbH, China National Machinery Industry Corporation (Sinomach), Mahindra Group, Iseki & Co., Ltd., SDF Group, Escorts Limited, Tractors and Farm Equipment Limited (TAFE), Sonalika Group, HMT Limited, Force Motors, Singha Components Pvt Ltd, PREET, Standard Tractors, YTO Group, Cixi City Best Power Tools Co., Ltd., Lovol Heavy Industry CO., LTD., Weichai Power, Wuyang Huifang Modern Agri-Machinery Co. Ltd., Wendeng First General Machinery Manufacturing, Mitsubishi Agricultural Machinery, Yanmar, Fendt, Deutz-Fahr, Husqvarna, Kuhn Group, Kverneland Group, Krone, Grimme Group, JCB Limited, Väderstad, Maschio Gaspardo S.p.A., Alo AB, Horsch, New Holland, Zetor, Ursus, Case IH, Pronar, Farmtrac, Crystal Traktor, VUAZ AGRO, AGROSTROJ Pelhrimov, Massey Ferguson, AriensCo, Great Plains Manufacturing, Venture Products, Amerequip, Crary, Koenig Equipment, Saba International Co. Company, Al-muktar Llc, Al Falah Agricultural Equipments, Prime Tech Middle East Fze, Agripak Tractors General Trading Llc, Star Holland Used Heavy Equip.trading Ll, Timothy Agricultural Equipment, Modern Machinery Egypt, Elmasrya Co. For Agricultural Machinery, Hawk Egypt, Agrozenit Agricultural Equipment, Çelmak Tarim Makinalari San. Tic. Ltd. Sti., Agri Supplies, Agro Master, ARGO Industrial, Bell Equipment, BEPCO, Bestbier, BHBW, Big Dutchman, BPI Manufacturing, Cape Agricultural Products, Morris Industries Limited, EY-John Corporation and Jupidex, DICLA, Enorossi, Falcon Equipment, GC Tillage, Gomselmash, Green Zone, Hose Manufacturer's (PTY) Limited, Jinma Tractors South Africa, Landini, Mascor, Monosem, Netafim Limited, NHSA Agriculture Parts, Northmec, Orchard Agrimek, Radium Engineering, Rebelo Agricultural Group, Southtrade, Valmont Industries Incorporated, Valtra, Vermeer equipment Sales, World Group Company Limited, Yanmar Company Limited.

Which Regions Will Dominate the Agricultural Implement Market Through 2029?
Asia-Pacific was the largest region in the agricultural implement market in 2024. North America was the second largest region of the agricultural implement market. The regions covered in the agricultural implement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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