Global Agricultural Machinery Market Forecast to 2027: Rising Mechanization of Farming Activities Bolsters Growth

Jan 19, 2024

Dublin, June 01, 2023 (GLOBE NEWSWIRE) -- The "Global Agricultural Machinery Market Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.The global Agricultural Machinery Market was valued at USD 155.68 billion in 2021 and is expected to expand to USD 200 billion at a CAGR of 4.35% during the forecast period 2022-2027.

Company Profiles

AGCO Corporation

FlieglAgro-Center GmbH

Agromaster

Amazone Inc

APV GmbH

CLAAS KGaAmbH

Bellota Agrisolutions

CNH Industrial NV

Deere & Company

Escorts Limited

HORSCH Maschinen GmbH

J C Bamford Excavators Ltd

KRUKOWIAK

KUBOTA Corporation

LEMKEN GmbH & Co KG

Mahindra & Mahindra Ltd.

Agricultural Machinery performs various agricultural activities like harvesting, threshing and land development and operations lead automation to increase production in the agricultural sector. The integration of GPS solutions and the Internet of Things expands the market.Market DriversThe rising mechanization of farming activities along with technological advancement propelled the growth of the market. additionally, the government support loan waiver schemes for farmers to boost the growth of the market.Increase urbanization causes a shortage in labour force farmers to adopt machinery driven the market growth. The varying climatic conditions globally demand cost-efficient machinery, particularly balers driving the demand for advanced agricultural Machinery.Market RestraintsThe high initial cost of agricultural machinery anticipated the growth of the Agricultural Machinery market.COVID-19 Impact on Global Agricultural Machinery MarketThe outbreak of covid-19 adversely impacted the market as a lockdown is imposed by the government disrupting manufacturing and supply chain.Disruption in transportation as truck drivers not stepping out of their homes due to Fearing police affect the Global Agricultural Machinery Market.Key Question Addressed by the Report

What are the Key Opportunities in Global Agricultural Machinery Market?

What will be the growth rate from 2022 to 2027?

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Global Outlook4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis5 Global Agricultural Machinery Market, By Product 5.1 Y-o-Y Growth Comparison, By Product 5.2 Global Agricultural Machinery Market Share Analysis, By Product 5.3 Global Agricultural Machinery Market Size and Forecast, By Product 5.3.1 Tractors5.3.2 Harvesters5.3.3 Planting Equipment5.3.4 Irrigation & Crop Processing Equipment5.3.5 Spraying Equipment5.3.6 Hay & Forage Equipment 6 Global Agricultural Machinery Market, By Application6.1 Y-o-Y Growth Comparison, By Application6.2 Global Agricultural Machinery Market Share Analysis, By Application6.3 Global Agricultural Machinery Market Size and Forecast, By Application6.3.1 Land Development & Seed Bed Preparation6.3.2 Sowing & Planting6.3.3 Weed Cultivation6.3.4 Plant Protection6.3.5 Harvesting & Threshing6.3.6 Post-harvest 6.3.7 Agro-processing7 Global Agricultural Machinery Market, By Region7.1 Global Agricultural Machinery Market Share Analysis, By Region7.2 Global Agricultural Machinery Market Share Analysis, By Region7.3 Global Agricultural Machinery Market Size and Forecast, By Region

8 North America Global Agricultural Machinery Market Analysis and Forecast (2022 - 2027)

9 Europe Global Agricultural Machinery Market Analysis and Forecast (2022 - 2027)

10 Asia Pacific Global Agricultural Machinery Market Analysis and Forecast (2022 - 2027)

11 Latin America Global Agricultural Machinery Market Analysis and Forecast (2022 - 2027)

12 Middle East Global Agricultural Machinery Market Analysis and Forecast (2022 - 2027)

13 Competitive Analysis13.1 Competition Dashboard13.2 Market share Analysis of Top Vendors13.3 Key Development Strategies14 Company ProfilesFor more information about this report visit https://www.researchandmarkets.com/r/yf09wi

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