Agriculture Machinery and Equipment Market

Agriculture Machinery and Equipment Market [Machinery & Equipment Type: Tractors, Power Output, Harvesting Machinery, Plowing and Cultivation Machinery, Planting and Fertilizing Machinery, Haying Machinery] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Market Outlook 2031

  • The global agriculture machinery and equipment market value was US$ 132.3 Bn in 2022
  • It is estimated to expand at a CAGR of 5.8% from 2023 to 2031 and reach US$ 219.5 Bn by the end of 2031

Analysts’ Viewpoint

Rise in global population is driving the need to increase food production. Demand can be met by improving farm cultivation efficiency and adopting automatic & semiautomatic agricultural machinery. Therefore, growing population around the world increases the need for farm machinery and equipment, which in turn is fueling market expansion. On the other hand, ignorance about the advantages of adopting agricultural technology and equipment among farmers is a prominent factor restraining the market.

Increase in government subsidies, demand for contract farming, and public knowledge about rental services are also projected to boost the agriculture machinery and equipment industry growth. Furthermore, rise in efforts to increase crop production and reduce noise and emissions are also estimated to drive the agriculture machinery and equipment market growth during the forecast period.

Agriculture Machinery And Equipment Market

Introduction

Agricultural machinery is a term used to describe mechanical tools and equipment used in farming and other forms of agriculture. Such equipment comes in a wide variety of forms, including hand tools, power tools, tractors, and endless varieties of farm implements that can be pulled or driven.

The term ‘agricultural machinery and equipment’ may also refer to any machinery employed in the operation of a farm, or ranch, or in any activity that eventually results in the production of an agricultural product and is compliant with the law, including machinery used to transport domestic animals or crops.

Increase in Demand for Farm Mechanization in Developing Countries

Farm mechanization is more necessary in developing countries due to decline in labor force, water supplies, and land productivity. Demand for agri-machinery is rising in these nations due to favorable government policies such as offering subsidies, granting loans without interest, and boosting financial aid. For instance, the US Farm Service Agency provides family-size farmers who are unable to obtain commercial financing through a bank, farm credit system institution, or other lenders with guaranteed and direct farm ownership and operation loans. Farmers can purchase farm machinery thanks to such loans.

The rate of penetration of farm machinery and equipment is poor in developing countries. Thus, farm mechanization has considerable potential to increase the penetration of farm equipment, such as tractors, and consequently, boost agriculture machinery and equipment market demand.

Surge in Public Awareness about Benefits of Equipment and Constructive Government Initiatives

Unlike human planting and fertilizing techniques, the price of planting and fertilizing machinery is primarily driven by the increase in demand for agricultural products. Sprayers operate more swiftly and effectively while covering a larger area each day. These devices help reduce overall costs and boost crop yields by ensuring that nutrients and protective agents are supplied equally. Low-pressure, high-pressure, fogger, and air-carrying sprayer models are available for numerous machine-operated sprayer types.

Additionally, governments across the globe are undertaking initiatives to boost the rapid adoption of agricultural mechanization. This is a key factor that is anticipated to have a favorable impact on the demand for agricultural tractors and harvesters. Furthermore, the forestry industry is increasingly using agricultural equipment to transport various goods, including recently cut wood. Therefore, the forestry sector is estimated to propel the future of the agriculture machinery and equipment market.

High Demand for Tractors among Agricultural Machinery & Equipment

Based on machinery & equipment type, the tractors segment accounted for 47.2% of the agriculture machinery and equipment market share in 2022. Tractors improve productivity in the agriculture sector and help satisfy the world's food needs.

Emergence of electric tractors is expected to offer agriculture machinery and equipment business opportunities for key manufacturers. The cost-effectiveness of electric tractors in addition to their high efficiency and environmental friendliness contribute to their high demand. However, their adoption is estimated to be hampered during the forecast period due to a lack of energy density to support big field operations.

Regional Outlook

Based on global agriculture machinery and equipment industry trends, Asia Pacific is regarded as the largest and fastest-growing market due to rapid innovations and product launches by businesses in the region. The Government in China is improving agricultural mechanization for a variety of crops, including rice, wheat, maize, potatoes, oilseed rape, cotton, and sugarcane.

The market in India is also estimated to expand at a rapid pace due to increase in government subsidies for purchase of tractors and machinery. The farming sector contributes significantly to the GDP of the country. Therefore, the government is focusing on mechanizing agriculture through various programs.

Analysis of Key Players

A few companies in the agriculture machinery and equipment market control majority of share. Market participants are creating supply chain networks to increase their revenue share. However, key players are consolidating their positions by adopting various strategies such as collaboration, merger, acquisition, and expansion of product lines. Prominent companies operating in the agriculture machinery and equipment business across the globe include AGCO Corporation, Alamo Group Inc., ARGO SpA, Bucher Industries AG, CLASS KGaA GmbH, CNH Industrial NV, Deere & Company, Escorts Ltd., JCB Ltd., Kubota Corporation, Mahindra & Mahindra Ltd., Valmont Industries Inc., Yanmar Co. Ltd., and Zetor Tractors A.S.

Key Developments in Global Agriculture Machinery and Equipment Market

  • In March 2022, John Deere collaborated with Sure Point Ag Systems in order to manufacture machinery for injecting irrigation fluid and applying liquid fertilizer, which is expected to help farmers boost yeild.
  • In August 2021, John Deere unveiled the new 6155MH Tractor with all of the field-proven performance and dependability of past M Series tractors.
  • In April 2021, the Agricultural Division of the Alamo Group, a leading supplier of implements and accessories compatible with the lineup of New Holland compact and mid-range tractors, and New Holland Agriculture entered into a collaboration to deliver innovative and trusted solutions and meet the demand of any farm, ranch, or property maintenance applications.

The agriculture machinery and equipment market report contains profiles of players who have been analyzed on various parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Agriculture Machinery and Equipment Market Snapshot

Attribute

Detail

Market Size Value in 2022

US$ 132.3 Bn

Market Forecast Value in 2031

US$ 219.5 Bn

Growth Rate

(CAGR)

5.8%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

Volume (Units) & US$ Bn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2022)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Machinery & Equipment Type
    • Tractors
      • Type
        • Wheeled Tractors
        • Track Tractors
        • Others
      • Power Output
        • < 30 HP
        • 30-100 HP
        • 101-200 HP
        • > 200 HP
    • Harvesting Machinery
      • Combine Harvester
      • Forage Harvester
      • Thresher
      • Reaper
    • Plowing and Cultivation Machinery
      • Ploughs
      • Harrows
      • Cultivators & Tillers
    • Planting and Fertilizing Machinery
      • Seed Drills
      • Planters
      • Spreaders
      • Sprayers
    • Haying Machinery
      • Balers
      • Mowers-Conditioners
      • Tedders & Rakes
      • Sprayers
  • Operation
    • Manual
    • Semi-Automatic
    • Automatic
  • Propulsion
    • Diesel
    • Gasoline
    • Electric
    • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia & CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa

Companies Profile

  • AGCO Corporation
  • Alamo Group Inc.
  • ARGO SpA
  • Bucher Industries AG
  • CLASS KGaA mbH
  • CNH Industrial NV
  • Deere & Company
  • Escorts Ltd
  • JCB Ltd
  • Kubota Corporation
  • Mahindra & Mahindra Ltd
  • Valmont Industries Inc.
  • Yanmar Co. Ltd
  • Zetor Tractors A.S.

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the agriculture machinery and equipment market in 2022?

The global market was valued at US$ 132.3 Bn in 2022.

How is the market expected to grow by 2031?

It is expected to expand at a CAGR of 5.8% from 2023 to 2031.

How much worth the global market will be in 2031?

The global market is expected to reach a value of US$ 219.5 Bn in 2031.

Which key trends are driving the agriculture machinery and equipment business?

Increase in demand for farm mechanization in developing countries, rise in awareness about benefits of agriculture equipment and constructive government initiatives.

Which type of machinery and equipment type segment accounted for largest share in 2022?

The tractors segment accounted for 47.2% share in 2022.

Which region is most lucrative for vendors in 2022?

Asia Pacific is a highly lucrative region for vendors in 2022.

Who are the prominent players in the agriculture machinery and equipment industry?

AGCO Corporation, Alamo Group Inc., ARGO SpA, Bucher Industries AG, CLASS KGaA GmbH, CNH Industrial NV, Deere & Company, Escorts Ltd., JCB Ltd., Kubota Corporation, Mahindra & Mahindra Ltd., Valmont Industries Inc., Yanmar Co. Ltd., and Zetor Tractors A.S.

    1. Executive Summary

        1.1. Global Market Outlook

            1.1.1. Market Size in Units, Value US$ Bn, 2017-2031

        1.2. TMR Analysis and Recommendations

        1.3. Competitive Dashboard Analysis

    2. Market Overview

        2.1. Market Coverage / Taxonomy

        2.2. Market Definition / Scope / Limitations

        2.3. Market Dynamics

            2.3.1. Drivers

            2.3.2. Restraints

            2.3.3. Opportunity

        2.4. Market Factor Analysis

            2.4.1. Porter’s Five Force Analysis

            2.4.2. SWOT Analysis

        2.5. Regulatory Scenario

        2.6. Key Trend Analysis

        2.7. Value Chain Analysis

        2.8. Cost Structure Analysis

        2.9. Profit Margin Analysis

    3. COVID-19 Impact Analysis – Agriculture Machinery and Equipment Market

    4. Global Agriculture Machinery and Equipment Market, by Machinery & Equipment Type

        4.1. Market Snapshot

            4.1.1. Introduction, Definition, and Key Findings

            4.1.2. Market Growth & Y-o-Y Projections

            4.1.3. Base Point Share Analysis

        4.2. Global Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Machinery & Equipment Type

            4.2.1. Tractors

                4.2.1.1. Type

                    4.2.1.1.1. Wheeled Tractors

                    4.2.1.1.2. Track Tractors

                    4.2.1.1.3. Others

                4.2.1.2. Power Output

                    4.2.1.2.1. < 30 HP

                    4.2.1.2.2. 30-100 HP

                    4.2.1.2.3. 101-200 HP

                    4.2.1.2.4. > 200 HP

            4.2.2. Harvesting Machinery

                4.2.2.1. Combine Harvester

                4.2.2.2. Forage Harvester

                4.2.2.3. Thresher

                4.2.2.4. Reaper

            4.2.3. Plowing and Cultivation Machinery

                4.2.3.1. Ploughs

                4.2.3.2. Harrows

                4.2.3.3. Cultivators & Tillers

            4.2.4. Planting and Fertilizing Machinery

                4.2.4.1. Seed Drills

                4.2.4.2. Planters

                4.2.4.3. Spreaders

                4.2.4.4. Sprayers

            4.2.5. Haying Machinery

                4.2.5.1. Balers

                4.2.5.2. Mowers-Conditioners

                4.2.5.3. Tedders & Rakes

                4.2.5.4. Sprayers

    5. Global Agriculture Machinery and Equipment Market, by Operation

        5.1. Market Snapshot

            5.1.1. Introduction, Definition, and Key Findings

            5.1.2. Market Growth & Y-o-Y Projections

            5.1.3. Base Point Share Analysis

        5.2. Global Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Operation

            5.2.1. Manual

            5.2.2. Semi-Automatic

            5.2.3. Automatic

    6. Global Agriculture Machinery and Equipment Market, by Propulsion

        6.1. Market Snapshot

            6.1.1. Introduction, Definition, and Key Findings

            6.1.2. Market Growth & Y-o-Y Projections

            6.1.3. Base Point Share Analysis

        6.2. Global Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Propulsion

            6.2.1. Diesel

            6.2.2. Gasoline

            6.2.3. Electric

            6.2.4. Others

    7. Global Agriculture Machinery and Equipment Market, by Region

        7.1. Market Snapshot

            7.1.1. Introduction, Definition, and Key Findings

            7.1.2. Market Growth & Y-o-Y Projections

            7.1.3. Base Point Share Analysis

        7.2. Global Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Region

            7.2.1. North America

            7.2.2. Europe

            7.2.3. Asia Pacific

            7.2.4. Middle East & Africa

            7.2.5. South America

    8. North America Agriculture Machinery and Equipment Market

        8.1. Market Snapshot

        8.2. North America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Machinery & Equipment Type

            8.2.1. Tractors

                8.2.1.1. Type

                    8.2.1.1.1. Wheeled Tractors

                    8.2.1.1.2. Track Tractors

                    8.2.1.1.3. Others

                8.2.1.2. Power Output

                    8.2.1.2.1. < 30 HP

                    8.2.1.2.2. 30-100 HP

                    8.2.1.2.3. 101-200 HP

                    8.2.1.2.4. > 200 HP

            8.2.2. Harvesting Machinery

                8.2.2.1. Combine Harvester

                8.2.2.2. Forage Harvester

                8.2.2.3. Thresher

                8.2.2.4. Reaper

            8.2.3. Plowing and Cultivation Machinery

                8.2.3.1. Ploughs

                8.2.3.2. Harrows

                8.2.3.3. Cultivators & Tillers

            8.2.4. Planting and Fertilizing Machinery

                8.2.4.1. Seed Drills

                8.2.4.2. Planters

                8.2.4.3. Spreaders

                8.2.4.4. Sprayers

            8.2.5. Haying Machinery

                8.2.5.1. Balers

                8.2.5.2. Mowers-Conditioners

                8.2.5.3. Tedders & Rakes

                8.2.5.4. Sprayers

        8.3. North America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Operation

            8.3.1. Manual

            8.3.2. Semi-Automatic

            8.3.3. Automatic

        8.4. North America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Propulsion

            8.4.1. Diesel

            8.4.2. Gasoline

            8.4.3. Electric

            8.4.4. Others

        8.5. North America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Country

            8.5.1. The U. S.

            8.5.2. Canada

            8.5.3. Mexico

    9. Europe Agriculture Machinery and Equipment Market

        9.1. Market Snapshot

        9.2. Europe Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Machinery & Equipment Type

            9.2.1. Tractors

                9.2.1.1. Type

                    9.2.1.1.1. Wheeled Tractors

                    9.2.1.1.2. Track Tractors

                    9.2.1.1.3. Others

                9.2.1.2. Power Output

                    9.2.1.2.1. < 30 HP

                    9.2.1.2.2. 30-100 HP

                    9.2.1.2.3. 101-200 HP

                    9.2.1.2.4. > 200 HP

            9.2.2. Harvesting Machinery

                9.2.2.1. Combine Harvester

                9.2.2.2. Forage Harvester

                9.2.2.3. Thresher

                9.2.2.4. Reaper

            9.2.3. Plowing and Cultivation Machinery

                9.2.3.1. Ploughs

                9.2.3.2. Harrows

                9.2.3.3. Cultivators & Tillers

            9.2.4. Planting and Fertilizing Machinery

                9.2.4.1. Seed Drills

                9.2.4.2. Planters

                9.2.4.3. Spreaders

                9.2.4.4. Sprayers

            9.2.5. Haying Machinery

                9.2.5.1. Balers

                9.2.5.2. Mowers-Conditioners

                9.2.5.3. Tedders & Rakes

                9.2.5.4. Sprayers

        9.3. Europe Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Operation

            9.3.1. Manual

            9.3.2. Semi-Automatic

            9.3.3. Automatic

        9.4. Europe Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Propulsion

            9.4.1. Diesel

            9.4.2. Gasoline

            9.4.3. Electric

            9.4.4. Others

        9.5. Europe Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Country

            9.5.1. Germany

            9.5.2. U. K.

            9.5.3. France

            9.5.4. Italy

            9.5.5. Spain

            9.5.6. Nordic Countries

            9.5.7. Russia & CIS

            9.5.8. Rest of Europe

    10. Asia Pacific Agriculture Machinery and Equipment Market

        10.1. Market Snapshot

        10.2. Asia Pacific Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Machinery & Equipment Type

            10.2.1. Tractors

                10.2.1.1. Type

                    10.2.1.1.1. Wheeled Tractors

                    10.2.1.1.2. Track Tractors

                    10.2.1.1.3. Others

                10.2.1.2. Power Output

                    10.2.1.2.1. < 30 HP

                    10.2.1.2.2. 30-100 HP

                    10.2.1.2.3. 101-200 HP

                    10.2.1.2.4. > 200 HP

            10.2.2. Harvesting Machinery

                10.2.2.1. Combine Harvester

                10.2.2.2. Forage Harvester

                10.2.2.3. Thresher

                10.2.2.4. Reaper

            10.2.3. Plowing and Cultivation Machinery

                10.2.3.1. Ploughs

                10.2.3.2. Harrows

                10.2.3.3. Cultivators & Tillers

            10.2.4. Planting and Fertilizing Machinery

                10.2.4.1. Seed Drills

                10.2.4.2. Planters

                10.2.4.3. Spreaders

                10.2.4.4. Sprayers

            10.2.5. Haying Machinery

                10.2.5.1. Balers

                10.2.5.2. Mowers-Conditioners

                10.2.5.3. Tedders & Rakes

                10.2.5.4. Sprayers

        10.3. Asia Pacific Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Operation

            10.3.1. Manual

            10.3.2. Semi-Automatic

            10.3.3. Automatic

        10.4. Asia Pacific Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Propulsion

            10.4.1. Diesel

            10.4.2. Gasoline

            10.4.3. Electric

            10.4.4. Others

        10.5. Asia Pacific Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Country

            10.5.1. China

            10.5.2. India

            10.5.3. Japan

            10.5.4. ASEAN Countries

            10.5.5. South Korea

            10.5.6. ANZ

            10.5.7. Rest of Asia Pacific

    11. Middle East & Africa Agriculture Machinery and Equipment Market

        11.1. Market Snapshot

        11.2. Middle East & Africa Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Machinery & Equipment Type

            11.2.1. Tractors

                11.2.1.1. Type

                    11.2.1.1.1. Wheeled Tractors

                    11.2.1.1.2. Track Tractors

                    11.2.1.1.3. Others

                11.2.1.2. Power Output

                    11.2.1.2.1. < 30 HP

                    11.2.1.2.2. 30-100 HP

                    11.2.1.2.3. 101-200 HP

                    11.2.1.2.4. > 200 HP

            11.2.2. Harvesting Machinery

                11.2.2.1. Combine Harvester

                11.2.2.2. Forage Harvester

                11.2.2.3. Thresher

                11.2.2.4. Reaper

            11.2.3. Plowing and Cultivation Machinery

                11.2.3.1. Ploughs

                11.2.3.2. Harrows

                11.2.3.3. Cultivators & Tillers

            11.2.4. Planting and Fertilizing Machinery

                11.2.4.1. Seed Drills

                11.2.4.2. Planters

                11.2.4.3. Spreaders

                11.2.4.4. Sprayers

            11.2.5. Haying Machinery

                11.2.5.1. Balers

                11.2.5.2. Mowers-Conditioners

                11.2.5.3. Tedders & Rakes

                11.2.5.4. Sprayers

        11.3. Middle East & Africa Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Operation

            11.3.1. Manual

            11.3.2. Semi-Automatic

            11.3.3. Automatic

        11.4. Middle East & Africa Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Propulsion

            11.4.1. Diesel

            11.4.2. Gasoline

            11.4.3. Electric

            11.4.4. Others

        11.5. Middle East & Africa Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Country

            11.5.1. GCC

            11.5.2. South Africa

            11.5.3. Turkey

            11.5.4. Rest of Middle East & Africa

    12. South America Agriculture Machinery and Equipment Market

        12.1. Market Snapshot

        12.2. South America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Machinery & Equipment Type

            12.2.1. Tractors

                12.2.1.1. Type

                    12.2.1.1.1. Wheeled Tractors

                    12.2.1.1.2. Track Tractors

                    12.2.1.1.3. Others

                12.2.1.2. Power Output

                    12.2.1.2.1. < 30 HP

                    12.2.1.2.2. 30-100 HP

                    12.2.1.2.3. 101-200 HP

                    12.2.1.2.4. > 200 HP

            12.2.2. Harvesting Machinery

                12.2.2.1. Combine Harvester

                12.2.2.2. Forage Harvester

                12.2.2.3. Thresher

                12.2.2.4. Reaper

            12.2.3. Plowing and Cultivation Machinery

                12.2.3.1. Ploughs

                12.2.3.2. Harrows

                12.2.3.3. Cultivators & Tillers

            12.2.4. Planting and Fertilizing Machinery

                12.2.4.1. Seed Drills

                12.2.4.2. Planters

                12.2.4.3. Spreaders

                12.2.4.4. Sprayers

            12.2.5. Haying Machinery

                12.2.5.1. Balers

                12.2.5.2. Mowers-Conditioners

                12.2.5.3. Tedders & Rakes

                12.2.5.4. Sprayers

        12.3. South America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Operation

            12.3.1. Manual

            12.3.2. Semi-Automatic

            12.3.3. Automatic

        12.4. South America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Propulsion

            12.4.1. Diesel

            12.4.2. Gasoline

            12.4.3. Electric

            12.4.4. Others

        12.5. South America Agriculture Machinery and Equipment Market Size & Forecast, 2017-2031, by Country

            12.5.1. Brazil

            12.5.2. Argentina

            12.5.3. Rest of South America

    13. Competitive Landscape

        13.1. Company Share Analysis/ Brand Share Analysis, 2022

        13.2. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share)

    14. Company Profile/ Key Players

        14.1. AGCO Corporation

            14.1.1. Company Overview

            14.1.2. Company Footprints

            14.1.3. Production Locations

            14.1.4. Product Portfolio

            14.1.5. Competitors & Customers

            14.1.6. Subsidiaries & Parent Organization

            14.1.7. Recent Developments

            14.1.8. Financial Analysis

            14.1.9. Profitability

            14.1.10. Revenue Share

        14.2. Alamo Group Inc.

            14.2.1. Company Overview

            14.2.2. Company Footprints

            14.2.3. Production Locations

            14.2.4. Product Portfolio

            14.2.5. Competitors & Customers

            14.2.6. Subsidiaries & Parent Organization

            14.2.7. Recent Developments

            14.2.8. Financial Analysis

            14.2.9. Profitability

            14.2.10. Revenue Share

        14.3. ARGO SpA

            14.3.1. Company Overview

            14.3.2. Company Footprints

            14.3.3. Production Locations

            14.3.4. Product Portfolio

            14.3.5. Competitors & Customers

            14.3.6. Subsidiaries & Parent Organization

            14.3.7. Recent Developments

            14.3.8. Financial Analysis

            14.3.9. Profitability

            14.3.10. Revenue Share

        14.4. Bucher Industries AG

            14.4.1. Company Overview

            14.4.2. Company Footprints

            14.4.3. Production Locations

            14.4.4. Product Portfolio

            14.4.5. Competitors & Customers

            14.4.6. Subsidiaries & Parent Organization

            14.4.7. Recent Developments

            14.4.8. Financial Analysis

            14.4.9. Profitability

            14.4.10. Revenue Share

        14.5. CLASS KGaA mbH

            14.5.1. Company Overview

            14.5.2. Company Footprints

            14.5.3. Production Locations

            14.5.4. Product Portfolio

            14.5.5. Competitors & Customers

            14.5.6. Subsidiaries & Parent Organization

            14.5.7. Recent Developments

            14.5.8. Financial Analysis

            14.5.9. Profitability

            14.5.10. Revenue Share

        14.6. CNH Industrial NV

            14.6.1. Company Overview

            14.6.2. Company Footprints

            14.6.3. Production Locations

            14.6.4. Product Portfolio

            14.6.5. Competitors & Customers

            14.6.6. Subsidiaries & Parent Organization

            14.6.7. Recent Developments

            14.6.8. Financial Analysis

            14.6.9. Profitability

            14.6.10. Revenue Share

        14.7. Deere & Company

            14.7.1. Company Overview

            14.7.2. Company Footprints

            14.7.3. Production Locations

            14.7.4. Product Portfolio

            14.7.5. Competitors & Customers

            14.7.6. Subsidiaries & Parent Organization

            14.7.7. Recent Developments

            14.7.8. Financial Analysis

            14.7.9. Profitability

            14.7.10. Revenue Share

        14.8. Escorts Ltd

            14.8.1. Company Overview

            14.8.2. Company Footprints

            14.8.3. Production Locations

            14.8.4. Product Portfolio

            14.8.5. Competitors & Customers

            14.8.6. Subsidiaries & Parent Organization

            14.8.7. Recent Developments

            14.8.8. Financial Analysis

            14.8.9. Profitability

            14.8.10. Revenue Share

        14.9. JCB Ltd

            14.9.1. Company Overview

            14.9.2. Company Footprints

            14.9.3. Production Locations

            14.9.4. Product Portfolio

            14.9.5. Competitors & Customers

            14.9.6. Subsidiaries & Parent Organization

            14.9.7. Recent Developments

            14.9.8. Financial Analysis

            14.9.9. Profitability

            14.9.10. Revenue Share

        14.10. Kubota Corporation

            14.10.1. Company Overview

            14.10.2. Company Footprints

            14.10.3. Production Locations

            14.10.4. Product Portfolio

            14.10.5. Competitors & Customers

            14.10.6. Subsidiaries & Parent Organization

            14.10.7. Recent Developments

            14.10.8. Financial Analysis

            14.10.9. Profitability

            14.10.10. Revenue Share

        14.11. Mahindra & Mahindra Ltd

            14.11.1. Company Overview

            14.11.2. Company Footprints

            14.11.3. Production Locations

            14.11.4. Product Portfolio

            14.11.5. Competitors & Customers

            14.11.6. Subsidiaries & Parent Organization

            14.11.7. Recent Developments

            14.11.8. Financial Analysis

            14.11.9. Profitability

            14.11.10. Revenue Share

        14.12. Valmont Industries Inc.

            14.12.1. Company Overview

            14.12.2. Company Footprints

            14.12.3. Production Locations

            14.12.4. Product Portfolio

            14.12.5. Competitors & Customers

            14.12.6. Subsidiaries & Parent Organization

            14.12.7. Recent Developments

            14.12.8. Financial Analysis

            14.12.9. Profitability

            14.12.10. Revenue Share

        14.13. Yanmar Co. Ltd

            14.13.1. Company Overview

            14.13.2. Company Footprints

            14.13.3. Production Locations

            14.13.4. Product Portfolio

            14.13.5. Competitors & Customers

            14.13.6. Subsidiaries & Parent Organization

            14.13.7. Recent Developments

            14.13.8. Financial Analysis

            14.13.9. Profitability

            14.13.10. Revenue Share

        14.14. Zetor Tractors A.S.

            14.14.1. Company Overview

            14.14.2. Company Footprints

            14.14.3. Production Locations

            14.14.4. Product Portfolio

            14.14.5. Competitors & Customers

            14.14.6. Subsidiaries & Parent Organization

            14.14.7. Recent Developments

            14.14.8. Financial Analysis

            14.14.9. Profitability

            14.14.10. Revenue Share

        14.15. Other Key Players

            14.15.1. Company Overview

            14.15.2. Company Footprints

            14.15.3. Production Locations

            14.15.4. Product Portfolio

            14.15.5. Competitors & Customers

            14.15.6. Subsidiaries & Parent Organization

            14.15.7. Recent Developments

            14.15.8. Financial Analysis

            14.15.9. Profitability

            14.15.10. Revenue Share

    List of Tables

    Table 1: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Table 2: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017‒2031

    Table 3: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Table 4: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017‒2031

    Table 5: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Table 6: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

    Table 7: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Region, 2017-2031

    Table 8: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Region, 2017‒2031

    Table 9: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Table 10: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017‒2031

    Table 11: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Table 12: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017‒2031

    Table 13: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Table 14: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

    Table 15: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Table 16: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 17: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Table 18: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017‒2031

    Table 19: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Table 20: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017‒2031

    Table 21: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Table 22: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

    Table 23: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Table 24: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 25: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Table 26: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017‒2031

    Table 27: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Table 28: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017‒2031

    Table 29: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Table 30: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

    Table 31: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Table 32: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 33: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Table 34: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017‒2031

    Table 35: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Table 36: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017‒2031

    Table 37: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Table 38: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

    Table 39: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Table 40: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    Table 41: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Table 42: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017‒2031

    Table 43: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Table 44: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017‒2031

    Table 45: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Table 46: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017‒2031

    Table 47: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Table 48: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017‒2031

    List of Figures

    Figure 1: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 2: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 3: Global Agriculture Machinery and Equipment Market, Incremental Opportunity, by Machinery & Equipment Type, Value (US$ Bn), 2023-2031

    Figure 4: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Figure 5: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017-2031

    Figure 6: Global Agriculture Machinery and Equipment Market, Incremental Opportunity, by Operation, Value (US$ Bn), 2023-2031

    Figure 7: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Figure 8: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017-2031

    Figure 9: Global Agriculture Machinery and Equipment Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2023-2031

    Figure 10: Global Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Region, 2017-2031

    Figure 11: Global Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Region, 2017-2031

    Figure 12: Global Agriculture Machinery and Equipment Market, Incremental Opportunity, by Region, Value (US$ Bn), 2023-2031

    Figure 13: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 14: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 15: North America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Machinery & Equipment Type, Value (US$ Bn), 2023-2031

    Figure 16: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Figure 17: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017-2031

    Figure 18: North America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Operation, Value (US$ Bn), 2023-2031

    Figure 19: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Figure 20: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017-2031

    Figure 21: North America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2023-2031

    Figure 22: North America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Figure 23: North America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017-2031

    Figure 24: North America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

    Figure 25: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 26: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 27: Europe Agriculture Machinery and Equipment Market, Incremental Opportunity, by Machinery & Equipment Type, Value (US$ Bn), 2023-2031

    Figure 28: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Figure 29: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017-2031

    Figure 30: Europe Agriculture Machinery and Equipment Market, Incremental Opportunity, by Operation, Value (US$ Bn), 2023-2031

    Figure 31: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Figure 32: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017-2031

    Figure 33: Europe Agriculture Machinery and Equipment Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2023-2031

    Figure 34: Europe Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Figure 35: Europe Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017-2031

    Figure 36: Europe Agriculture Machinery and Equipment Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

    Figure 37: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 38: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 39: Asia Pacific Agriculture Machinery and Equipment Market, Incremental Opportunity, by Machinery & Equipment Type, Value (US$ Bn), 2023-2031

    Figure 40: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Figure 41: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017-2031

    Figure 42: Asia Pacific Agriculture Machinery and Equipment Market, Incremental Opportunity, by Operation, Value (US$ Bn), 2023-2031

    Figure 43: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Figure 44: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017-2031

    Figure 45: Asia Pacific Agriculture Machinery and Equipment Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2023-2031

    Figure 46: Asia Pacific Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Figure 47: Asia Pacific Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017-2031

    Figure 48: Asia Pacific Agriculture Machinery and Equipment Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

    Figure 49: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 50: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 51: Middle East & Africa Agriculture Machinery and Equipment Market, Incremental Opportunity, by Machinery & Equipment Type, Value (US$ Bn), 2023-2031

    Figure 52: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Figure 53: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017-2031

    Figure 54: Middle East & Africa Agriculture Machinery and Equipment Market, Incremental Opportunity, by Operation, Value (US$ Bn), 2023-2031

    Figure 55: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Figure 56: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017-2031

    Figure 57: Middle East & Africa Agriculture Machinery and Equipment Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2023-2031

    Figure 58: Middle East & Africa Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Figure 59: Middle East & Africa Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017-2031

    Figure 60: Middle East & Africa Agriculture Machinery and Equipment Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

    Figure 61: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 62: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Machinery & Equipment Type, 2017-2031

    Figure 63: South America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Machinery & Equipment Type, Value (US$ Bn), 2023-2031

    Figure 64: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Operation, 2017-2031

    Figure 65: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Operation, 2017-2031

    Figure 66: South America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Operation, Value (US$ Bn), 2023-2031

    Figure 67: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Propulsion, 2017-2031

    Figure 68: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Propulsion, 2017-2031

    Figure 69: South America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Propulsion, Value (US$ Bn), 2023-2031

    Figure 70: South America Agriculture Machinery and Equipment Market Volume (Units) Forecast, by Country, 2017-2031

    Figure 71: South America Agriculture Machinery and Equipment Market Value (US$ Bn) Forecast, by Country, 2017-2031

    Figure 72: South America Agriculture Machinery and Equipment Market, Incremental Opportunity, by Country, Value (US$ Bn), 2023-2031

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