Global Agricultural Machinery Market
Global agricultural machinery market by product (harvesting machinery, haying machinery, irrigation machinery, livestock machinery, parts & attachments, planting machinery, plowing & cultivating machinery, sprayers, tractors, others), by region (North America, Europe, Latin America, Rest of the World (RoW)), industry snapshot, 2022-2028
The global agricultural machinery market size is projected to grow by USD 50.9 billion from 2022 to 2028, registering a CAGR of 5.1 percent, according to a new report by Gen Consulting Company.
This industry report offers market estimates of the global market, followed by a detailed analysis of the product, and region. The global market data on agricultural machinery can be segmented by product: harvesting machinery, haying machinery, irrigation machinery, livestock machinery, parts & attachments, planting machinery, plowing & cultivating machinery, sprayers, tractors, others. The tractors segment is estimated to account for the largest share of the global agricultural machinery market. Agricultural machinery market is further segmented by region: North America, Europe, Latin America, Rest of the World (RoW).
The tractors by type market is further segmented into compact utility tractors, utility tractors, row crop tractors. Furthermore, the harvesting machinery market has been categorized into combine harvesters, forage harvesters, others. The haying machinery market is further divided into mower conditioners, balers, others. The irrigation machinery market is further segmented into sprinkler/spray irrigation, drip/trickle irrigation, others. Furthermore, the plowing & cultivating machinery market has been categorized into plows, harrows, cultivators and tillers, others. The planting machinery market is further divided into seed drills, planters, spreaders, others.
The global agricultural machinery market is highly competitive. The leading players in the agricultural machinery market include AGCO Corporation, Changfa Agricultural Equipment Co. Ltd., Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., China National Machinery Industry Corporation Ltd. (The YTO Group Corporation), CLAAS KGaA mbH, CNH Industrial N.V., Daedong Corporation, Deere & Company, Iseki & Co. Ltd., J C Bamford Excavators Ltd. (JCB), Kubota Corporation, LOVOL Heavy Industry Co. Ltd. (Weichai Power Co. Ltd.), Mahindra & Mahindra Ltd., SDF S.p.A., Shandong Changlin Machinery Group Co. Ltd.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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