Population Growth As A Catalyst Is The Driving Forces Behind The Surge In Agriculture And Farm Equipment/Machinery Market: A Key Catalyst Accelerating Agriculture And Farm Equipment/Machinery Market Growth in 2025

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Agriculture And Farm Equipment/Machinery Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been consistent growth in the size of the agriculture and farm equipment/machinery market. A surge from $183.25 billion in 2024 to $191.15 billion in 2025 is anticipated, representing a compound annual growth rate (CAGR) of 4.3%. Factors contributing to the growth documented in the historic period include educational and research advancements, infrastructure progression, the industrialization of agriculture, crop science developments, and a shortage of rural labor.

Agriculture And Farm Equipment/Machinery Market Size Forecast: What's the Projected Valuation by 2029?
The market size for agricultural and farming equipment/machinery is anticipated to witness significant growth in the upcoming years. It is predicted to reach $240.4 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.9%. The anticipated growth during the projection period can be credited to factors such as increased global demand for food, mechanization and automation, intelligent farming methods, initiatives for sustainable agriculture, and the adoption of precision agriculture. The major trends predicted for this period encompass collaboration and integration, increasing focus on labour scarcity and efficiency, customization and flexibility, adapting to climate change, and the acceptance of IoT sensors.

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What Are the Drivers Transforming the Agriculture And Farm Equipment/Machinery Market?
The expansion of the agriculture and farm equipment/machinery market is being propelled by a rapidly growing population. This pertains to the surge in the number of inhabitants in a specific location within a certain timeframe. The farms' productivity can be amplified by mechanization. The skyrocketing population will necessitate an increase in food demand, thus, to cater to this surge and sustain the growing populace, augmenting the mechanization of agriculture will be essential, which in turn stimulates the agriculture and farm equipment/machinery market. For example, The United Nations, an intergovernmental organization based in the US, anticipates a surge in the global population by 2 billion persons in the coming 30 years, summing up to 9.7 billion in 2050. Therefore, this rapid population increase is anticipated to invigorate the agriculture and farm equipment/machinery market.

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What Trends Will Shape the Agriculture And Farm Equipment/Machinery Market Through 2029 and Beyond?
The rise of technology is a notable trend in the agriculture and farm equipment/machinery market, with leading companies creating innovative solutions like Unnati's drone spray service. This India-based platform, which integrates finance and agricultural technology, introduced a drone spray service in May 2022, tapping into drone technology and artificial intelligence (AI) for farming purposes. The service boasts a fleet of drones capable of, not only spraying water, fertilizers, and insecticides over one acre of land in less than eight minutes, but also conserving up to 95% of water in the process. The drones also feature high-precision spraying, 'Return to Launch', and geofencing capabilities, all while leveraging AI to safely optimize spray system use and avoid harming farmers' cardiovascular health due to chemical exposure.

Which Segments in the Agriculture And Farm Equipment/Machinery Market Offer the Most Profit Potential?
The agriculture and farm equipment/machinerymarket covered in this report is segmented -

1) By Product Type: Tractors, Rotavators, Threshers And Dehuskers, Power Tillers, Power Weeder, Plough, Baler, Seed Drill
2) By Ownership: Individual, Rental
3) By Application: Land Development And Seed Bed Preparation, Sowing And Planting, Plant Protection, Harvesting And Threshing, Post-Harvest And Agro-Processing

Subsegments:
1) By Tractors: Utility Tractors, Row Crop Tractors, Orchard Tractors
2) By Rotavators: Conventional Rotavators, Mini Rotavators
3) By Threshers And Dehuskers: Manual Threshers, Mechanical Threshers, Dehusking Machines
4) By Power Tillers: Mini Power Tillers, Heavy-Duty Power Tillers
5) By Power Weeder: Walk-Behind Weeders, Ride-On Weeders
6) By Plough: Moldboard Ploughs, Disc Ploughs, Chisel Ploughs
7) By Baler: Round Balers, Square Balers
8) By Seed Drill: Manual Seed Drills, Mechanized Seed Drills

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Which Firms Dominate the Agriculture And Farm Equipment/Machinery Market by Market Share and Revenue in 2025?
Major companies operating in the agriculture and farm equipment/machinery market are Deere & Company, AGCO Corporation, Mahindra & Mahindra Limited, Kubota Corporation, CNH Industrial N.V., Escorts Kubota Limited, AGROSTROJ Pelhrimov a.s., China National Machinery Industry Corporation, J.C. Bamford Excavators Limited, SDF Group, Agromaster, Iseki & Co. Ltd., Exel Industries, CLAAS Group, Bucher Industries AG, Yanmar Co.Ltd., Kverneland Group, The Kuhn Group, Farmtrac Tractors Europe sp. z o.o., JOST Werke AG, Pöttinger Landtechnik GmbH, SAME DEUTZ-FAHR Italia S.p.A., McCormick Tractors International Limited, Tractors and Farm Equipment Limited, New Holland Agriculture, Case IH, Massey Ferguson Limited, Valtra, GRIMME Landmaschinenfabrik GmbH & Co. KG, Lemkem

Which Regions Offer the Highest Growth Potential in the Agriculture And Farm Equipment/Machinery Market?
Asia-Pacific was the largest region in the agriculture and farm equipment/machinery market share in 2024. The regions covered in the agriculture and farm equipment/machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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