New Jersey, United States, – The Agricultural equipment market The report comprises broadly analyzed data and information on the Agricultural Equipment market with detailed analysis of key models, emerging trends, infrastructure properties, industrial landscape, and key market segments. The report provides a comprehensive analysis of the market growth and factors influencing the market growth including the latest technology and product developments. The Agricultural Equipment Market report also provides an overview of the position of the industry in the international market and its contribution to the generation of global revenue. The report provides significant statistical sales data, revenue estimates based on types and applications, regions, and major market players.

The report covers the analysis of the impact of the COVID-19 pandemic on the global market. The pandemic has dynamically altered the economic landscape and drastically changed the trends and demands for products and services in the market. The report also covers the current and future impact of the pandemic and provides an overview of the post-COVID-19 scenario.

The agricultural equipment market was valued at USD 99.42 billion in 2019 and is expected to reach USD 135.07 billion by 2027, with a CAGR of 3.92% from 2020 to 2027.

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The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

ARGO SpA, AGCO Corp., Foton Lovol International Heavy Industries Company Ltd., Kuhn Group, Kubota Tractor Corp, Mahindra & Mahindra Ltd., Landini, Netafim Limited, Valmont Industries Incorporated, Alamo Group Incorporated.

Additionally, the report provides insightful information on key manufacturers and players and the business sphere. It covers data on the latest trade movements, product launches, technological advancements, mergers and acquisitions, partnerships and joint ventures. In-depth assessment of production and manufacturing capacity, industry chain analysis, market share, size, revenue, sales, growth rate and market share are also offered. by the report. The market assessment and CAGR are also included in the report to provide a comprehensive portrait of the Agricultural Equipment market.

Segmentation of the agricultural equipment market

Agricultural Equipment Market, By Power Output

• • 31-70 HP
• 71-130 HP
• 131-250 HP
•> 250 CV

Agricultural Equipment Market, By Drive Type

• Two-wheel drive
• Four-wheel drive

Agricultural equipment market, by type of equipment

• Tractors
• Combine
• Others

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Scope of Agricultural Equipment Market Report

ATTRIBUTE	DETAILS
ESTIMATED YEAR	2021
YEAR OF REFERENCE	2020
PLANNED YEAR	2028
HISTORICAL YEAR	2019
UNITY	Value (million USD / billion)
COVERED SEGMENTS	Types, applications, end users, etc.
COVER OF THE REPORT	Revenue forecast, company ranking, competitive landscape, growth factors and trends
BY REGION	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE	Free customization of the report (equivalent to 4 working days for analysts) with purchase. Add or change the scope of country, region and segment.

Geographic segment covered in the report:

The Agricultural Equipment report provides information about the market area, which is further further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

• What is the growth potential of the Agricultural Equipment Market?
• Which product segment will take the lion’s share?
• Which regional market will emerge as a pioneer in the years to come?
• Which application segment will experience strong growth?
• What growth opportunities might arise in the agricultural equipment industry in the years to come?
• What are the most important challenges that the agricultural equipment market could face in the future?
• Who are the leading companies in the agricultural equipment market?
• What are the main trends that positively impact the growth of the market?
• What growth strategies are the players considering to stay in the agricultural equipment market?

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Global Agricultural Equipment Market the size was valued at US $ XX million in 2019 and total revenue is expected to increase 4.87% by 2020 to 2027, reaching US $ XX million.

The most comprehensive market research report, Global Agricultural Equipment Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026, provides a summary of the general market structure, potential, trends and forecast for the global market from 2021 to 2026. The report contains an overview and an overview In-depth analysis of the factors which are believed to have significant impact on the future development of the market such as market size, market share, and various dynamics of the global Agricultural Equipment industry, along with market firms and analysis regional. The major aspects of the market have been carefully explored and statistically analyzed in this analysis.

This research also includes a comprehensive analysis of purchasing criteria and challenges faced in the agricultural equipment industry. It also includes an in-depth study of market restraints, industry structure and business strategy. To present the main market information, meetings and interviews with prominent market players were organized. Further, this research provides an in-depth analysis of the size and scope of the Global Agricultural Equipment market. The study contains carefully reviewed and evaluated data on well-known companies and their market position, taking into account the impact of recent events. The study contains carefully examined and analyzed data on notable organizations and their market position in light of the influence of the coronavirus. While separating the improvement from important performing companies in the market, measured tools such as SWOT analysis, Porter’s Five Powers analysis, and hypothesis yield debt were used.

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List of key players: Here is the number of key players studied to understand the agricultural equipment market:

• ARGO SpA
• AGCO Corp
• FotonLovol International Heavy Industries Company Ltd.
• Kuhn Group
• Kubota Tractor Corp
• Mahindra & Mahindra Ltée.
• Landini
• Netafim Limited
• Valmont Industries Incorporated
• Alamo Group Incorporated.

Impact of COVID-19:

The outbreak of COVID-19 has crippled the entire planet. We recognize that the health care crisis has had a tremendous influence on the business of the industry. More support from government and business could help fight this highly contagious disease. There are booming sectors and troubled sectors. Pandemics are likely to impact virtually any industry. We are committed to ensuring that your business survives and thrives during the Covid-19 epidemic. By offering industry-wide coronavirus outbreak agricultural equipment market impact analyzes, our experience and skills will help us plan for the future.

Agricultural equipment market segments:

According to a recently published study on the farm equipment industry, consumers have many opportunities to increase their income. Size, location, and growth estimates are covered in a Digestible Farm Equipment market research guide, as well as many company statistics tables and forecasts. This analysis has an impact on sales of imported / exported products, supply and demand, adoption, cost, volume and gross margins. The geographic advancements, business dynamics, and nationwide market structure of the Agriculture Equipment industry are all explored in-depth.

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Agricultural Equipment Market 2021-2027

New research report “Agricultural Equipment Market, Industrial Analysis, Market Dynamics, Growth Analysis, Regional Analysis, Size, Share and Forecast 2021-2027“.

Market Snapshot

The study of the market analysis of Agricultural equipment market focuses on the key elements and market dynamics of a specific market within that industry. The study of the Global Agricultural Equipment Market is an essential part of industry analysis which focuses on the aspects associated with SWOT analysis. The investigation report analyzes items, such as strengths, weaknesses, opportunities, and threats of each manufacturing company.

With the help of the analysis of the Global Farm Equipment Market report, each new or established manufacturer can gain knowledge about business strategies and planning from leading marketers who have a solid foundation. Documentation is prepared by investigating company activities related to their planning, decision-making, purchasing, capital investment, innovation, manpower, business expansion strategy, facility expansion, promotional and marketing activities. many other aspects of a business.

Fat Smart farming technologies collect precise measurements of the factors that determine farming outcomes. The devices include geo-mapping satellites, drones, and on-farm and vehicle-mounted sensors. Analyzing the data creates recommendations for making crops more abundant and farming operations more profitable.

Market dynamics of the global agricultural equipment market

The increasing awareness of the world population about the benefits of the product tends to increase the production of a product of the global agricultural equipment market in a positive way. Manufacturers are optimistic about the potential for growth in their market. And the analyst is also prepared the report by predicting the high growth rate than the recent growth rate. A wide range of market players is the essential factor in attracting the biggest buyers, as well as the regional market, existing across the world.

This report also analyzes the impact of Coronavirus COVID-19 on the Agricultural Equipment market.

Important key players:

The report showcased some of the important players covered around the world as – John Deere, AGCO Corporation, CNH Industrial NV ,, Kubota Corporation, Mahindra & Mahindra, Alamo Group Inc., Zetor Tractors AS, Bucher Industries, Class KGaA, Escorts Group, Exel industries, Netafim Ltd, Tractors and Farm Equipment Limited and more

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future prospects in agricultural equipment.

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Key Product Type
Tractors
Fertilization equipment
Plant protection equipment
Harvesting equipment
Irrigation equipment
Others

Market by application
Agrarian development
Sowing
Planting
Cultivation
Others

Main aspects covered in the report
Overview of the Agricultural Equipment Market including production, consumption, market status and forecast and growth
Historical data 2017-2021 and market forecast 2022-2027
Geographical analysis including the main countries
Market Overview of Product Types Including Development
Overview of the end user market including development

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, India, Japan, Southeast Asia, etc.)
South America (Brazil, Argentina, etc.)
Middle East and Africa (Saudi Arabia, South Africa, etc.)

Key stakeholders
Agricultural Equipment Market Manufacturers
Agricultural equipment market Distributors / traders / wholesalers
Agricultural Equipment Market Sub-Component Manufacturers
Industry association
Downstream suppliers

If you have any special requirements, please let us know and we will offer you the report you want.

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Proposed important factors and highlights from the reports:

• Detailed survey of agricultural equipment market 2021-2027
• Growing dynamics of the industry market
• In-depth market segmentation by type, application etc.
• Current market trends and developments 2021
• Competitive view of the agricultural equipment market
• Main competitors’ strategies and product offerings
• The capacity and niche segments / regions show promising growth.

Why buy this report?

• A solid research methodology was followed to collect the data for the report.
• The report gives a holistic view of the competitive scenario of the global agricultural equipment market
• The latest product launches as well as technological changes and developments are covered in the report.
• The analysis of the data in the report helps to understand the forecast market dynamics from 2021 to 2027.
• Market drivers, restraints, upcoming opportunities and anticipated restraints are cited in the report

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Joel Everett said he was stunned when a lightly used 2009 John Deere tractor sold at its last auction in Strawberry Point, Iowa, for tens of thousands of dollars more than it cost fresh off the production line over a decade ago.

Bought new for $ 109,000, the tractor sold for $ 143,000 at auction, he said. This is not an isolated incident, said Everett, who has run Joel’s Tractor and Auction since 1992. A lot of farm equipment, especially used tractors, is selling 30 to 50 percent more than two years ago. in his auction house.

“It was unreal,” Everett said. “Our last sale was the biggest dollar sale we’ve ever had, and we plan to have another one in three to four weeks that will blow this one up.”

It is increasingly difficult to find quality agricultural equipment in the middle supply chain scarcity, said many farmers and experts, and its scarcity drives up prices and raises questions about whether farmers’ crops and next year’s planting season could be affected.

Some farmers fear the shortage will worsen after 10,000 John Deere workers went on strike last week. The company had posted record profits this year, and members of the United Auto Workers union quit work at 14 manufacturing plants when it refused to raise wages above 6%.

“We are concerned about that for sure,” said Eric Hopkins, senior vice president of Hundley Farms, which owns 20,000 acres of vegetables primarily in central Florida. “They’re already running out of stocks and parts right now. A strike will only make things worse, make them worse. If it lasts awhile, not only will they not have new tractors, but when you have a breakdown and there are no parts, your tractor will just sit there, unable to harvest or plant a crop. “

The feelings of farmers about the John Deere strike are mixed. Many said they supported the workers’ desire for a better deal but worried about the effects of a strike that lasts for weeks or months.

The story continues

A long strike could hamper the country’s food supply chain, which has suffered from shortages since the onset of the coronavirus pandemic, further delaying John Deere’s ability to deliver products and parts in a timely manner. Farmers also fear that a delay will affect their increasingly thin margins.

It is not known how long the strike could last and to what extent John Deere will be further slowed down. He said he has put in place a continuity plan, calling on non-union salaried workers to maintain a certain level of production.

Crops can be damaged if planted or harvested late, and the insurance provided by the Ministry of Agriculture requires that the seeds be planted and the produce pulled up by a particular date to be fully insured.

This is a problem highlighted by David Misener, who travels the country from May to November as a customary farmer. He brings agricultural equipment and harvests the crops of others for them. His deadlines are tight, but he has had to wait long periods for repairs and parts several times this season – an unusual occurrence.

More recently, while working in a field for a farm in South Dakota this month, a bearing fell on a combine, destroying one of its trees. The only place the local dealership could find a replacement part was in Canada, and Misener had to sit on his hands for a week until he arrived.

“It is extremely crucial that we harvest on time because that can decide whether you have something to harvest or nothing,” said Misener.

The threat to the bottom line is also frightening as the prices of equipment rise, along with those of fertilizers, seeds, grains and other common agricultural production resources.

Matt Ackley, Marketing Director of Richie Bros. Auction, one of the world’s largest auction sites dedicated to the sale of heavy equipment, said interest and prices for farm equipment are increasing dramatically.

The Used Tractor Price Index at Richie Bros. increased 19% from last year, Ackley said. The company’s website, where it hosts online auctions, attracted more than 161 million visitors and 1.3 million bidders in 2021, an increase of 15% and 19% respectively from the same period one year ago.

Ackley shared an auction for a tractor that was struck by lightning this year. It was auctioned off by an insurance company as a salvage. The tractor received another 393 bids on Monday as potential buyers battled for the opportunity to smash it for spare parts.

“As you get any kind of disturbance, especially from a [original equipment manufacturer] point of view – like this strike – at an already stretched supply chain, you get a pretty big backlog, ”said Ackley, whose team has been tracking supply chain gaps since the start of the pandemic. “People are fighting vigorously for what is left. “

Items that farmers can repair on their own are also increasingly sought after and hard to find.

It is an ongoing challenge. Farmers say that as farm equipment becomes more technical digitally, companies like John Deere have limited ability for farmers to repair their own tractors, combines and other field equipment.

Tim Riley, an organic farmer from western Kansas, said he and other farmers around him had to get creative due to the shortage of parts and the challenges of repairing their own equipment.

“Some electronic parts have been very difficult to obtain lately for the guidance systems on some of these tractors,” said Riley. “It’s really hard to do anything with the way they’re highly computer driven, so that’s a problem. “

When the guidance system failed on Riley’s tractor, he had to call his neighbors to ask if he could disassemble the GPS systems from their rigs for use on his own. The local dealership did the same and called customers for help when the GPS on a tractor Riley had rented broke this year.

Riley is also worried because John Deere is already so late in production that he is unable to purchase a new tractor for the planting season next year.

“As we approach our spring season, we really need a new tractor, but they told us we won’t be able to get it for another year to a year and a half,” he said. , adding that he had to buy a used tractor for his farm over the next few years.

Everett, who operates the auction house in Iowa, said he knew several farmers who bought new John Deere combines more than eight months ago and still haven’t bought them and have bought different combines just to get through the season.

Sometimes he was able to encourage farmers to buy two of the same tractor and cannibalize one for parts.

“I told the guys who want to buy the new things at our auctions if you want a newer or really cool one, that’s all you get,” he said. “You could do this before, but now our supply chain is in shambles.”

More than 10,000 workers at John Deere, one of the nation’s largest agricultural and construction equipment manufacturers, are on strike as the company posts record profits and US unions relax their power.

SARAH MCCAMMON, HOST:

John Deere is one of the world’s largest manufacturers of agricultural and construction equipment. The company’s slogan is that nothing works like a Deere, except right now very little is working at their Midwestern factories, where production is on hold because workers are on strike. Grant Gerlock of Iowa Public Radio reports that the strike comes as unions see themselves in a stronger bargaining position.

GRANT GERLOCK, BYLINE: Workers at the John Deere plant in Ankeny, Iowa, are off the production floor and on the picket line. A dozen union members and supporters walk the crosswalk on one of the main roads leading to the factory. They carry signs indicating the UAW on strike. Some wave to cars racing down the street for supportive horns.

NORA THOMAS: Hi. I have a few drinks. You want some ?

GERLOCK: Supporters like Nora Thomas stop to share food and drink with people on the picket line. She remembers the people who helped her parents when her father was on strike at a factory in Maytag.

THOMAS: They struggled quite a bit. We would have – stop at Union Hall to eat, that sort of thing. And I just wanted to help pay off.

GERLOCK: This scene in Ankeny, where John Deere makes agricultural sprayers that can sell for $ 400,000, also plays out at the Waterloo Tractor Plant and the Bulldozer Plant in Dubuque. In total, more than 10,000 union members are on strike in Iowa, Illinois and Kansas. The union has asked workers not to give interviews, but they recently sent a clear message when 90% voted against Deere’s latest contract. The deal would have increased wages by at least 5%, with lower-paying positions like painters earning around $ 20 an hour, but it would have placed new hires in a less generous retirement system. Deere is set to make record profits of nearly $ 6 billion in 2021. And workers say they expect a greater share of the company’s success.

MICHAEL LEROY: What’s happening is that unions are relevant again.

GERLOCK: It’s Michael LeRoy, who teaches labor relations at the University of Illinois.

LEROY: It’s a reverse dynamic of what happened in the 1980s, when the power dynamic quickly shifted against unions and workers. Now this is moving rapidly in their favor.

GERLOCK: LeRoy says big strikes are rare these days at manufacturers like Deere, which for decades have outsourced jobs. But that strategy failed when the United States imposed new tariffs on Chinese products and the supply chain collapsed.

LEROY: It worked when labor markets favored employers. Now it doesn’t work.

GERLOCK: Instead, says LeRoy, the unions push back. In a statement, John Deere said the company is committed to a deal with the UAW that will provide workers with the best wages in the industry. It also indicates that non-unionized employees will maintain some production. Alex Colvin of Cornell University says companies often hire replacement workers. But because jobs are now so hard to fill, strikes can be more effective.

ALEX COLVIN: And I think that’s why you see some of these bigger ones, both John Deere – you’ve seen Kellogg’s multi-locations – and potentially, you know, 60,000 entertainment workers across the country. . These are quite difficult units to replace.

GERLOCK: Economists say the pressure is on John Deere to end the strike quickly. The company must keep production lines moving while farmers have the cash to pay for new equipment and major infrastructure projects are considered in Congress. For NPR News, I’m Grant Gerlock.

Copyright © 2021 NPR. All rights reserved. See the terms of use and permissions pages on our website at www.npr.org for more information.

NPR transcripts are created within an emergency time frame by Verb8tm, Inc., an NPR entrepreneur, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative recording of NPR’s programming is the audio recording.

SARAH MCCAMMON, HOST:

John Deere is one of the world’s largest manufacturers of agricultural and construction equipment. The company’s slogan is that nothing works like a Deere, except right now very little is working at their Midwestern factories, where production is on hold because workers are on strike. Grant Gerlock of Iowa Public Radio reports that the strike comes as unions see themselves in a stronger bargaining position.

GRANT GERLOCK, BYLINE: Workers at the John Deere plant in Ankeny, Iowa, are off the production floor and on the picket line. A dozen union members and supporters walk the crosswalk on one of the main roads leading to the factory. They carry signs indicating the UAW on strike. Some wave to cars racing down the street for supportive horns.

NORA THOMAS: Hi. I have a few drinks. You want some ?

GERLOCK: Supporters like Nora Thomas stop to share food and drink with people on the picket line. She remembers the people who helped her parents when her father was on strike at a factory in Maytag.

THOMAS: They struggled quite a bit. We would have – stop at Union Hall to eat, that sort of thing. And I just wanted to help pay off.

GERLOCK: This scene in Ankeny, where John Deere makes agricultural sprayers that can sell for $ 400,000, also plays out at the Waterloo Tractor Plant and the Bulldozer Plant in Dubuque. In total, more than 10,000 union members are on strike in Iowa, Illinois and Kansas. The union has asked workers not to give interviews, but they recently sent a clear message when 90% voted against Deere’s latest contract. The deal would have increased wages by at least 5%, with lower-paying positions like painters earning around $ 20 an hour, but it would have placed new hires in a less generous retirement system. Deere is set to make record profits of nearly $ 6 billion in 2021. And workers say they expect a greater share of the company’s success.

MICHAEL LEROY: What’s happening is that unions are relevant again.

GERLOCK: It’s Michael LeRoy, who teaches labor relations at the University of Illinois.

LEROY: It’s a reverse dynamic of what happened in the 1980s, when the power dynamic quickly shifted against unions and workers. Now this is moving rapidly in their favor.

GERLOCK: LeRoy says big strikes are rare these days at manufacturers like Deere, which for decades have outsourced jobs. But that strategy failed when the United States imposed new tariffs on Chinese products and the supply chain collapsed.

LEROY: It worked when labor markets favored employers. Now it doesn’t work.

GERLOCK: Instead, says LeRoy, the unions push back. In a statement, John Deere said the company is committed to a deal with the UAW that will provide workers with the best wages in the industry. It also indicates that non-unionized employees will maintain some production. Alex Colvin of Cornell University says companies often hire replacement workers. But because jobs are now so hard to fill, strikes can be more effective.

ALEX COLVIN: And I think that’s why you see some of these bigger ones, both John Deere – you’ve seen Kellogg’s multi-locations – and potentially, you know, 60,000 entertainment workers across the country. . These are quite difficult units to replace.

GERLOCK: Economists say the pressure is on John Deere to end the strike quickly. The company must keep production lines moving while farmers have the cash to pay for new equipment and major infrastructure projects are considered in Congress. For NPR News, I’m Grant Gerlock. Transcript provided by NPR, Copyright NPR.

Busatis knives for balers, self-loading wagons and feed mixers Busatis develops and manufactures quality knives for baling presses, self-loading wagons and mixers according to the specifications of our customers. The products are made from a special alloy tool steel with or without a protective wear coating and are supplied to all major agricultural machinery manufacturers around the world. Advantages of Busatis quality knives for balers, self-loading wagons and mixers: high cut quality high tensile strength high flexural strength clean cut and long service life less fuel consumption Click here for more information.

Weasler Engineering Even low horsepower applications require seamless power transfer between a tractor and its attached machinery. With our newest addition to the PTO family – the standard driveshaft – Weasler has now completed its product line, ensuring equipment owners and operators get the power they need, when and where they need it. . As a global leader in mechanical power transmission, Weasler’s focus on supplying quality components helps you get the best solution for your critical transmission applications. Click here for more information.

Ace Pump Corporation Ace Pump Corporation recently announced the introduction of its new Pro 5 Series pumps with advanced features to improve reliability and avoid costly downtime. The new models are updated versions of the popular Ace FMC-HYD and FMC-150-HYD series pumps. Our new Pro 5 FMCSC models feature a heavy-duty silicon carbide gasket that resists scratches from abrasive materials, as well as a fixed face with O-ring seat that transfers heat into the cast to improve survival of the seal during short dry cycles. The Pro 5 FMCWS models incorporate Ace Pump’s exclusive Oasis WetSeal technology to isolate joints from abrasive and corrosive materials and prevent dry failures of any length. Click here for more information.

Cummins Performance Series Amid business necessity, global climate concerns and new emissions legislation, Cummins is pushing the diesel engine to the next rung of its evolutionary ladder. Ultra-clean Cummins Stage V engines – the Performance Series – cement the future of the diesel engine as a workhorse in the agricultural industry. Cummins Performance Series engines for agricultural applications range from 49 to 950 hp, providing the flexibility to match the right horsepower solution for a wide range of agricultural applications and equipment, including combines, sprayers, tractors and loaders, as well as specialized equipment. Click here for more information.

Jaltest AGV from COJALI USA Nowadays, agricultural equipment comes with electronic control units for almost all systems; therefore, there is a great need to have a diagnostic tool so that we can solve any problem that our tractors, combines, combine harvesters, telehandlers or sprayers may have. Jaltest AGV is the industry’s most complete all makes, model and system diagnostic solution. It was awarded the TOP 10 Innovations products at the World Ag Expo. It will read and clear fault codes, perform calibrations and regenerations, monitor live data, and change settings, among many other actions. It provides access to technical information and offers US-based customer support. Click here for more information.

The growth rate of the market is due to the increase in government initiatives around the world for the rental of agricultural equipment, as this leads to an increase in agricultural production to meet the growing global food demand.

New York, October 14, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Agricultural Equipment Rental Market – A Global and Regional Analysis: Focus on Product and Country Analysis – Analysis and forecast, 2020-2026 ”- https://www.reportlinker.com/p06176310/?utm_source=GNW
In addition, the price inflation for agricultural equipment has made it difficult for small and medium-sized farmers to purchase the equipment. This has led to an increase in the growth of the global agricultural equipment rental market.

Dominant segments:
Tractor
The global agricultural equipment rental market in the commodity segment is expected to be dominated by the tractor, followed by the harvester. The dominance of the tractor in the product segment is due to the versatile tractors used in the field.

Tractors are used for transportation as well as to supply power to other implements such as combines and balers.

50-100 HP
Tractors from 50 to 100 HP are expected to dominate the tractor rental segment due to the increased applications these tractors can perform in the field. In conventional agriculture, all major activities such as harvesting and cultivation can be easily carried out by attaching an implement to a tractor having a range of 50 to 100 HP.

Four-wheel drive
The agricultural rental tractor market is expected to be dominated by four-wheel-drive tractors due to the increased applications of these tractors as compared to two-wheel-drive tractors. In addition, four-wheel drive tractors can easily be used in wet fields, increasing the adoption of these tractors.

Asia Pacific
Asia-Pacific is the region that is expected to dominate the global agricultural equipment rental market in the coming years. The average farm size in most countries in the region, such as India, is less than 5 hectares of land, which is considered to be one of the main drivers of the agricultural equipment rental market in the region.

Key Market Players and Competition Summary

Deere & Company, Escorts Limited, JC Bamford Excavators Ltd., Mahindra & Mahindra Ltd., Tractors and Farm Equipment Limited, Associated Supply Company, Inc., Cedar Street Sales & Rentals, Farmease, Flaman Group of Companies, German Bliss Equipment Inc. , KWIPPED, Inc., Messick’s, Pacific Tractor & Implement, The Papé Group, Inc., Titan Machinery Inc.

The companies presented in the report have been selected on the basis of the selective pool of players, mainly level 1 (which hold 50-60% of the market), mid-segment players (comprising 30-40% shares) and small and emerging companies (holding the rest of the 10-20% shares), depending on various factors such as product portfolio, annual revenues, market penetration, research and development initiatives, as well as a national and international presence in the agricultural equipment rental industry.

Covered countries
• North America
• WE
• Canada
• Mexico
• South America
• Brazil
• Rest of South America
• Europe
• Germany
• France
• Spain
• The rest of Europe
• UK
• China
• Asia Pacific
• Japan
• South Korea
• India
• Australia
• Rest of Asia-Pacific
• Middle East and Africa
• South Africa
• Rest of the Middle East and Africa
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New Jersey, United States, – The report on Agriculture and farm equipment market will be comprehensive with a focus on the competitive landscape, geographic growth, segmentation and market dynamics, including drivers, restraints and opportunities. Illuminates key production, income, and consumption trends so that players can improve their sales and growth in the Agriculture & Farming Equipment market. It provides a detailed analysis of the competition and leading companies in the agricultural and agricultural equipment market. Here, it focuses on the latest developments, sales, market value, production, gross margin, and other key business factors of major players operating in the Agriculture and Farm Equipment market.

The agriculture and farm equipment market was valued at USD 207.42 billion in 2019 and is expected to reach USD 344.37 billion by 2027, with a CAGR of 7.6% from 2020 to 2027.

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With in-depth quantitative and qualitative analysis, the report offers encyclopedic and accurate research study on key aspects of the Agriculture and Farm Equipment market. It sheds light on the key factors influencing the growth of various segments and regions of the Agriculture & Farming Equipment market. It also offers SWOT, Porter’s Five Forces and PESTLE analysis to thoroughly study the agriculture and farm equipment market. It provides a detailed study on manufacturing cost, upstream and downstream buyers, dealers, marketing strategy, and marketing channel development trends of the Agriculture and Farm Equipment market. In addition, it offers strategic advice and recommendations to players to ensure success in the agriculture and farm equipment market.

The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:

CNH Industrial NV, Iseki & Co. Ltd., Same Deutz-Fahr Group SPA (SDF), JC Bamford Excavators Limited, Kubota Corporation, Mahindra & Mahindra Limited, Deere & Company., AGCO Corporation and Morris Industries Ltd.

Segmentation of the agricultural and agricultural equipment market

Agriculture and farm equipment market, by product

• Irrigation and crop treatment equipment
• Spray equipment
• Hay and forage equipment
• Tractors
• Harvesters
• Others

Agriculture and Farm Equipment Market, By Application

• Sowing and planting
• Cultivation of weeds
• Plant protection
• Land development and seedbed preparation
• Harvesting and threshing
• Post-harvest and agro-industry

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Scope of Agriculture and Farm Equipment Market Report

ATTRIBUTE	DETAILS
ESTIMATED YEAR	2021
YEAR OF REFERENCE	2020
PLANNED YEAR	2028
HISTORICAL YEAR	2019
UNITY	Value (million USD / billion)
COVERED SEGMENTS	Types, applications, end users, etc.
COVER OF THE REPORT	Revenue forecast, company ranking, competitive landscape, growth factors and trends
BY REGION	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE	Free customization of the report (equivalent to 4 working days for analysts) with purchase. Add or change the scope of country, region and segment.

Geographic segment covered in the report:

The Agriculture and Farm Equipment report provides information about the market area, which is further further subdivided into sub-regions and countries / regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

• North America (United States and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and the rest of Latin America)
• Middle East and Africa (GCC and rest of Middle East and Africa)

Key questions answered in the report:

• What is the size and CAGR of the Agriculture and Farm Equipment Market?

• What are the major segments of the Agriculture and Farm Equipment market?

• What are the main drivers of the most profitable regional market?

• What is the nature of competition in the Agriculture and Farm Equipment market?

• How will the Agriculture and agricultural equipment market evolve in the years to come?

• What are the main strategies adopted in the agriculture and agricultural equipment market?

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VMI provides a holistic overview and global competitive landscape with regard to region, country and segment as well as the major players in your market. Present your market report and findings with a built-in presentation function, saving over 70% of your time and resources for investor arguments, sales and marketing, R&D and product development. VMI enables data delivery in interactive Excel and PDF formats with over 15+ key market indicators for your market.

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Precision farming improves yield by allowing farmers to use the right amount of inputs such as fertilizer, water and seeds. This is supported by self-contained farming equipment that integrates real-time positioning and harvest data to improve productivity. Increased agricultural mechanization in regions such as North America, rising labor costs due to the shortage of skilled labor, increasing pressure on the global food supply due to the Population growth and government initiatives to implement modern agricultural techniques are some of the major factors driving the growth of the global precision agriculture industry. The growing demand for the implementation of precision agriculture is driving the sales of stand-alone agricultural equipment.

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The market saw a marginal decline in 2020 due to the COVID-19 pandemic, as blockages and movement restrictions resulted in equipment shortages and disruption in the supply chain. However, the market is gradually recovering and is expected to offer lucrative growth over the next few years.

According to Fact.MR’s analysis, the global market for autonomous agricultural equipment is expected to grow at a healthy CAGR of around 19% from 2021 to 2031.

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Key takeaways from market research

• The demand for autonomous agricultural equipment is increasing with the mechanization of agriculture, the availability of advanced technologies and sustainable farming practices.
• Sales of autonomous agricultural equipment such as complete and partial autonomous tractors are increasing all over the world. The upward trend in electrification along with strong demand for sustainability, remote sensing and ease of use are driving demand.
• The gradual increase in raw material costs and tariffs are some of the challenges impacting the growth of the market.
• North America and Europe hold a large share of the world market. In these regions, high disposable income combined with increasing population growth, high investments in agricultural infrastructure and a growing trend towards agricultural automation have resulted in a growing demand for autonomous agricultural equipment.
• By mode of operation, partially autonomous agricultural equipment is expected to hold the majority of market share by 2021.
• By equipment, tractors are to be widely used due to their use in a wide range of applications on farms.
• The market in the United States and Canada is expected to grow at around 11% and 9% CAGR, respectively, while in the United Kingdom and Germany at around 9% and 10% CAGR respectively, through 2031.

Acquisitions and mergers targeted by key players

Key players such as Trimble Inc. and CNH Industrial NV are articulating their growth strategies on improving connectivity with broad market coverage through targeted acquisitions, in order to benefit from a substantial market presence.

• In May 2017, Trimble Inc. announced an agreement to acquire privately held Müller-Elektronik, a German company specializing in tool control and precision farming solutions.

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• In March 2021, CNH Industrial NV completed the acquisition of a minority stake in Augmenta, an agricultural technology company focused on automating agricultural operations using computer vision and artificial intelligence. the edge ”, where data is processed in real time, directly by the system. This acquisition will enable CNH Industrial to become Augmenta’s strategic partner in crop detection and machine automation, and also provides for future joint research and development collaboration.

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