1 / 8

Agriculture Equipment Market Size, Growth Factors, and Forecast To 2030

Agriculture Equipment Market size was valued at US$ 132.54 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6% through 2024 to 2030, reaching nearly US$ 199.29 Bn.<br>

kadambarimmr
Download Presentation

Agriculture Equipment Market Size, Growth Factors, and Forecast To 2030

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AGRICULTURE EQUIPMENT MARKET GLOBAL ANALYSIS REPORT 2024-2030 Published by: Kadambari Jedhe

  2. Market Size & Overview: The global agriculture equipment market was valued at approximately USD 132.54 billion in 2023 and is projected to reach around USD 199.29 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.0%. This growth is driven by the increasing mechanization of farming processes, including plowing, planting, and harvesting, which enhances crop yield and reduces labor dependency.

  3. Market Growth & Opportunities The rising global population necessitates increased food production, propelling the demand for advanced agricultural machinery. Technological advancements, such as precision farming and automation, offer opportunities to boost productivity and sustainability. Government initiatives providing subsidies and support for modern farming equipment further stimulate market expansion. Sample Request

  4. Market Segmentation by Product by Application ❖Tractors ❖Land development and seed bed preparation ❖Combine Harvesters ❖Sowing and planting ❖Rotavators ❖Harvestingand threshing ❖Power Tillers ❖Weed Inter cultivation ❖Seed Drill ❖Plant protection ❖Thresher ❖Post-harvest& Agro processing ❖Power Weeder ❖Others

  5. Regional Analysis: ▪ North America: The agriculture equipment market in North America is experiencing significant growth, driven by technological advancements and increasing demand for efficient farming solutions. In 2023, the USDA allocated over USD 500 million to promote technologies like IoT and autonomous machinery, fostering innovation among startups and established firms. Additionally, private sector investments have surged, with companies like Deere & Company reporting a 15% sales increase in precision agriculture tools in 2023. ▪ Europe: The European agricultural equipment market is bolstered by substantial government support and a growing emphasis on sustainable farming practices. In 2023, the European Commission allocated USD 1.5 billion under Horizon Europe for sustainable agricultural research and development, encouraging the adoption of data-driven solutions. The increasing demand for organic produce has also led companies like BASF to launch digital platforms in 2024, assisting farmers in meeting environmentalregulations.

  6. Regional Analysis Regional Analysis 2025-2030 South America Middle East and Africa North America Asia Pacific Europe Customized Report Request

  7. Merges and Acquisition In July 2023, Deere & Company acquired Smart Apply, Inc., aiming to leverage precision spraying technology to assist growers in addressing challenges related to input costs, labor, regulatoryrequirements, and environmentalgoals. In February 2023, Kubota Corporation acquired a stake in Chouette, a company utilizing AI technology to analyze images captured by cameras to identify tree vigor and diseases, developing optimalspray volumes throughadvancedalgorithms. In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon to expand AGCO’s factory-fit and aftermarket guidance offerings, with the new guidance system planned for commercialization as Fuse Guide on Valtra and Massey Ferguson tractors. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

More Related