Global Agriculture Equipment Market size was valued at USD 155.68 billion in 2021 and is poised to grow from USD 163.46 billion in 2022 to USD 253.59 billion by 2030, growing at a CAGR of 5% in the forecast period (2023-2030).
A device, component of a device, or attachment to a device that is primarily intended to be used for agricultural purposes is referred to as agricultural equipment. Equipment related to raising animals or growing crops, as well as equipment used in horticulture or floriculture, is referred to as agricultural equipment. Lower inventory levels for OEMs and their dealers were the result of the rapid spike in demand for tractors, harvesters, and planters. Additionally, OEMs throughout the world are now dealing with a scarcity of semiconductors as well as rising commodity costs for raw materials like steel and aluminum.
According to the Association of Equipment Manufacturers (AEM), in North America, close to 360,000 tractors and combines will be sold off dealer lots by the year 2021. Unit sales of agricultural tractors and combines in the United States and Canada ended in 2021 with increases of over 10% in almost every sector in both nations. Compared to December 2020, U.S. overall farm tractor sales increased by 0.3 percent, while sales of self-propelled combines increased by 25.3 percent. Overall gains for tractors and combines in 2021 were 10.3 percent and 24.7 percent, respectively. Sub-40 horsepower tractors, which increased by 8.9 percent in the United States, were the only market sector in either the United States or Canada to have growth below 10 percent.
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Global Agricultural Harvester Market Research Report 2020 is latest research study released by AMA evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support.
Some of the key players profiled in the study are Deere & Company (United States), CNH Industrial N.V. (Netherlands), AGCO Corporation (United States), CLAAS (Germany), Mahindra Tractor (India), Krone North America Inc. (United States), YANMAR CO., LTD. (Japan), Bernard KRONE GmbH & Co. KG (Germany), PÖTTINGER Landtechnik GmbH (Austria), Dewulf (Belgium).
You can get free access to samples from the report here: https://www.advancemarketanalytics.com/sample-report/3908-global-agricultural-harvester-market Agricultural Harvester Market Overview: An Agricultural harvester is a machine that harvests grain crops.
Harvester combines three separate operations reaping, threshing, and winnowing into a single process, which is used at an appropriate time so as to obtain an optimum yield from agriculture.
What's Trending in Market:Growing Rapid Industrialization and Continuous Upgradation in Agriculture EquipmentChallenges:Restraints:Higher Costs of HarvestersMarket Growth Drivers:Increasing Adoption of Modern Farming Practices in Developing Countries like IndiaRising Investment in Agriculture Industry by Various Governments If opting for the Global version of Agricultural Harvester Market analysis is provided for major regions as follows: • North America (USA, Canada and Mexico) • Europe (Germany, France, the United Kingdom, Netherlands, Russia , Italy and Rest of Europe) • Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia) • South America (Brazil, Argentina, Colombia, rest of countries etc.)
It’s vital you keep your market knowledge up to date segmented by Type (Combine Harvester, Forage Harvester), Application (Wheat, Rice, Barley, Hemp, Beans, Others), Drive (Four-wheel Drive, Two-wheel Drive) and major players.
