Agriculture Machinery Market Size & Growth (2019 - 2025)
The Global Agriculture Machinery Market size witnessed decent growth in the past few years and the same expected to continue in the years to come. It is expected that the Global Agricultural Machinery Market reaches USD 244.2 billion by 2025 and is expected to grow at an average annual rate of 8.9% between 2019 and 2025.
Starting with small tools, the technologies have taken a wide range of development in every aspect of agriculture machinery. The agriculture machinery is more effective as it helps to yield more production irrespective of change in seasons. Traditional machinery now is being replaced with developed machinery, and farmers are benefited from superior crop quality.
The rapid increase in the population and demand for food all over the world is the major driving factor for the growth of agriculture machinery market. The shortage of labor and raised income in developed and developing countries are also attributing to the demand in this market. The innovative technology in the manufacturing of tools that leads to quality crop is an additional factor for the market. Moreover, advanced technologies with robotic systems, GPS for more productivity are impacting positive growth in the market.
The increase in demand for this market is driven not only by the cost of R&D and economies of scale but also by low-interest rates and increased investment in new agricultural machinery. There is also a growing demand for food and other similar products due to the world's population is expected to drive the growth of the market. In addition, governments offer subsidies to farmers to invest in better teams to meet their productivity needs efficiently. Growth in global food demand will have a positive impact on the market over the next seven years.
However, the lack of skilled labor and awareness towards the machinery are the factors restraining the growth of the agriculture machinery market.
In recent years, the cost of raw materials used in the manufacture of agricultural machineries, such as rubber, iron, and steel, has also increased drastically. Manufacturers and suppliers are seriously concerned about fluctuations in commodity prices, and therefore many of the market's competitors are pressured to provide efficient and affordable products.
It is anticipated that the new technology will drive the market during the forecast period. The objective of farmers around the world is to increase the production of crops through crop cultivation. Manual sowing has other disadvantages such as the uniformity and fatigue of the producer. These negative factors can be overcome with the mechanization of the sowing process, which helps to maintain consistency in the realization of various agricultural tasks. In addition, automation can help apply the right amount of fertilizer to the seeds correctly.
The demand for food supply is increasing proportionally to the increase in the population, where farmers adapting to new technologies in agriculture machinery get vast results in the production.
This research report segmented & sub-segmented the Global Agriculture Machinery Market into the below segmentation
Agriculture Machinery Market Analysis - By Product:
- Tractors
- Harvesting machinery
- Rotavators
- Threshers
- Power tillers
- Irrigation Machinery
Based on product type, the Tractors segment has become one of the main product categories and has contributed more than 25.0% of the total turnover in 2018. These vehicles are indispensable agricultural equipment that is used in many activities with independent equipment. In addition, due to the increase of the population and the increase in the rate of mechanization, it is expected that the sales of tractors will continue during the forecast period, which will increase the pressure on the production and productivity of food.
Agriculture Machinery Market Analysis - By Applications:
- Harvesting
- Plowing & cultivation
- Haying and forage
- Planting & fertilizing
Based on the application, it is likely that harvesting and removing operations will have a high CAGR of 10.0% during the forecast period. In many applications, such as land development, plant protection, harvesting and sowing, and sowing, the main reason for the increased demand for agricultural products is the lack of farms. Work is expensive because agriculture requires a lot of labor and requires a lot of time. This is exacerbated by the fact that there is a lack of job offer localized around the world due to the change of people from one job to another.
Agriculture Machinery Market Analysis - By Region:
- North America - US, Canada, Mexico and Rest of North America
- Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
- APAC - India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
- Latin America - Brazil, Argentina, Chile and Rest of Latin America
- Middle East and Africa - KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
The Asia Pacific is dominating the market with the highest population and the demand for food supply. The adoption of new technologies and improvements in government support are the reasons for the highest shares in the Asia Pacific region. China and India being the most populated countries noticed the highest demand. North America following Asia Pacific is the leading region with innovative technologies in the agriculture machinery market. Europe, and the Middle East and Africa are expected to witness significant growth in the coming years.
Top companies leading the Global Agricultural Machinery Market profiled in this report are:
- Escorts Groups
- TAFE
- John Deere
- Mahindra & Mahindra Ltd.
- Kubota Corporation
- Beri Udyog
- LEMKEN
- Daedong
- AGCO
- CLAAS
- CNH
- Tractors and Farm Equipment Ltd.
- Kverneland Group
- Introduction
- Research Methodology
- Analysis Design
- Research Phases
- Secondary Research
- Primary Research
- Expert Validation
- Study Timeline
- Overview
- Executive Summary
- Key Inferences
- New Developments
- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
- Ball Valve Market Drivers
- Ball Valve Market Restraints
- Key Challenges
- Current Opportunities in the Ball Valve Market
- Ball Valve Market Segmentation
- By Product Products
- Tractors
- Harvesting machinery
- Rotovators
- Threshers
- Power tillers
- Irrigation Machinery
- By Application
- Harvesting
- Plowing & cultivation
- Haying and forage
- Planting & fertilizing
- Geographical Analysis
- North America
- Introduction
- United States
- Canada
- Europe
- Introduction
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia-Pacific
- Introduction
- China
- India
- Japan
- South Korea
- Latin America
- Introduction
- Brazil
- Argentina
- Mexico
- Middle-East & Africa
- Introduction
- Middle-East
- Africa
- Strategic Analysis
- PESTLE analysis
- Political
- Economic
- Social
- Technological
- Legal
- Environmental
- Porter’s Five analysis
- Bargaining Power of Suppliers
- Bargaining Power of Consumers
- Threat of New Entrants
- Threat of Substitute Products and Services
- Competitive Rivalry within the Industry
- Supply Chain Analysis
- Raw Material Suppliers
- Manufacturers/Producers
- Distributors/Retailers/Wholesalers/E-Commerce
- End Users
- Ball Valve Market Leaders' Analysis
- TAFE
- John Deere
- Mahindra & Mahindra Ltd.
- Kubota Corporation
- Beri Udyog
- LEMKEN
- Daedong
- AGCO
- CLAAS
- CNH
- Tractors and Farm Equipment Ltd.
- Kverneland Group
- Competitive Landscape
- Ball Valve Market share analysis
- Merger and Acquisition Analysis
- Agreements, collaborations and Joint Ventures
- New Product Launches
- Expert Opinions
- Ball Valve Market Outlook
- Investment Opportunities
- Appendix
- List of Tables
- List of Figures
Figure Agricultural Machinery Product Picture from Agco
Chart 2013-2016 Global Manufacturer Agricultural Machinery Shipments (Units)
Chart 2013-2016 Global Manufacturer Agricultural Machinery Shipments Share
Chart 2013-2016 Global Manufacturer Agricultural Machinery Business Revenue (Million USD)
Chart 2013-2016 Global Manufacturer Agricultural Machinery Business Revenue Share
Chart Agco Agricultural Machinery Shipments, Price, Revenue and Gross profit 2013-2016
Chart Agco Agricultural Machinery Business Distribution
Chart Agco Interview Record (Partly)
Figure Agco Agricultural Machinery Product Picture
Chart Agco Agricultural Machinery Business Profile
Table Agco Agricultural Machinery Product Specification
Chart Cnh Industrial Agricultural Machinery Shipments, Price, Revenue and Gross profit 2013-2016
Chart Cnh Industrial Agricultural Machinery Business Distribution
Chart Cnh Industrial Interview Record (Partly)
Figure Cnh Industrial Agricultural Machinery Product Picture
Chart Cnh Industrial Agricultural Machinery Business Overview
Table Cnh Industrial Agricultural Machinery Product Specification
Chart John Deere Agricultural Machinery Shipments, Price, Revenue and Gross profit 2013-2016
Chart John Deere Agricultural Machinery Business Distribution
Chart John Deere Interview Record (Partly)
Figure John Deere Agricultural Machinery Product Picture
Chart John Deere Agricultural Machinery Business Overview
Table John Deere Agricultural Machinery Product Specification
…
Chart United States Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart United States Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Canada Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Canada Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart South America Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart South America Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart China Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart China Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Japan Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Japan Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart India Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart India Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Korea Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Korea Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Germany Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Germany Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart UK Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart UK Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart France Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart France Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Italy Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Italy Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Europe Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Europe Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Middle East Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Middle East Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Africa Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart Africa Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart GCC Agricultural Machinery Sales Volume (Units) and Market Size (Million $) 2013-2016
Chart GCC Agricultural Machinery Sales Price ($/Unit) 2013-2016
Chart Global Agricultural Machinery Market Segmentation (Region Level) Sales Volume 2013-2016
Chart Global Agricultural Machinery Market Segmentation (Region Level) Market size 2013-2016
Chart Agricultural Machinery Market Segmentation (Product Type Level) Volume (Units) 2013-2016
Chart Agricultural Machinery Market Segmentation (Product Type Level) Market Size (Million $) 2013-2016
Chart Different Agricultural Machinery Product Type Price ($/Unit) 2013-2016
Chart Agricultural Machinery Market Segmentation (Industry Level) Market Size (Volume) 2013-2016
Chart Agricultural Machinery Market Segmentation (Industry Level) Market Size (Value) 2013-2016
Chart Agricultural Machinery Market Segmentation (Industry Level) Price 2013-2016
Chart Global Agricultural Machinery Market Segmentation (Channel Level) Sales Volume (Units) 2013-2016
Chart Global Agricultural Machinery Market Segmentation (Channel Level) Share 2013-2016
Chart Agricultural Machinery Segmentation Market Forecast (Region Level) 2017-2021
Chart Agricultural Machinery Segmentation Marke