Farm Equipment Market Introduction:

The latest published market intelligence report by FutureWise titled 'Farm Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020-2027', examines the global market in terms of tractor power output, equipment type, by application, and regions for the period 2020 to 2027.  

This market intelligence report offers a comprehensive assessment of farm equipment market including, factors boosting market growth, market barriers, application areas, investment potential, case studies, value chain analysis, future roadmap, major market players profiles and strategies. The study further offers market size predictions from 2020 to 2027. 

The global farm equipment market is estimated to value over US$ 133 billion by 2027 end, and registering a CAGR of 3.4% during the period of 2020-2027.

Over the past few years, there has been an unparalleled global demand from the aggressively expanding food and beverage sector due to the speedily growing population. Conventional farming methods are labour intensive, time taking and less cost-effective, furthermore, decline in farming areas, scarcity of labours adds to the challenge. To perform under such pressing concerns, usage of advanced farm equipment is a necessity. The World Bank data exhibits that 25,054,140 tractors were globally being used and as of January 2019 and with the advent of machinery systems in the agricultural sector along with better financial support, the deployment of farm equipment is going to witness a drastic increase which will positively transform the global farm equipment market.

The global farm equipment market is anticipated to observe notable growth over the forecast period due to the increasing inclusion of technologies in farm machines. Farm machinery producers are focusing on combining technologies such as robotic systems, GPS, and Google Earth into existing machinery to enhance productivity. Furthermore, another important reason for the prognosticated increase is government subsidies and reduced rates proposed to farmers in developing economies to use advanced agricultural equipment.


                          Farm Equipment Market

Farm Equipment Market Segmentation:

By Tractor Power Output 

  • <30
  • 31–70
  • 71–130
  • 131–250
  • >250

By Drive

  • Two wheel drive (2WD)
  • Four wheel drive (4WD)
  • Autonomous

By Equipment Type 

  • Combines
  • Baler
  • Sprayer

By Application

  • Plow & Cultivate
  • Sow & Planting
  • Harvesting
  • Plant Protection & Fertilizing

By Region 

  • North America 
  • Europe 
  • Asia Pacific 
  • Rest of the World 
  • Latin America 

Companies Profiled: 

  • John Deere
  • CNH Industrial
  • Mahindra & Mahindra
  • AGCO Corporation
  • Kubota Corporation
  • Claas KGaA
  • Iseki & Co.
  • JCB
  • SDF Group
  • Yanmar

Competitive Landscape:   

  • Tier 1 players- established companies in the market with a major market share 
  • Tier 2 players  
  • Emerging players which are growing rapidly  
  • New Entrants   

FutureWise Key Takeaways  

  • Growth prospects 
  • SWOT analysis  
  • Key trends  
  • Key data-points affecting market growth  

Objectives of the Study:  

  • To provide an exhaustive analysis of the global farm equipment market on the basis of tractor power output, equipment type, by application, and regions
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
  • To evaluate and forecast micro-markets and the overall market  
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies   


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics