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Agricultural Machinery Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 149
  • SKU: IRTNTR72828
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The agricultural machinery market share is expected to increase to USD 45.98 billion from 2021 to 2026 at a CAGR of 5.87%.

This agricultural machinery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers agricultural machinery market segmentation by product (tractors, harvesting machinery, parts and attachments, planting and fertilizing machinery, plowing and cultivating machinery, and haying machinery) and geography (APAC, Europe, North America, South America, and Middle East and Africa)

What will the Agricultural Machinery Market Size be During the Forecast Period?

Agricultural Machinery Market Size

Download the Free Report Sample to Unlock the Agricultural Machinery Market Size for the Forecast Period and Other Important Statistics

"The China agricultural machinery market generates a major part of its revenue from APAC mainly because of the growing population in this region, which gradually boosts the demand for food."

The agricultural machinery market report also offers information on several market vendors, including AGCO Corp., Agrale SA, Bucher Industries AG, CHANGFA GROUP, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CLAAS Group, CNH Industrial NV, Daedong Corp., Deere and Co., Escorts Ltd., HORSCH Maschinen GmbH, ISEKI and Co. Ltd., Kubota Corp., Mahindra and Mahindra Ltd., SDF SpA, Sonalika International Tractors Ltd., Weichei Lovol Heavy Industry Co. Ltd., Yanmar Holdings Co. Ltd., China National Machinery Industry Corp. Ltd., and J C Bamford Excavators Ltd. among others.

Parent Market Analysis

Technavio categorizes the global agricultural machinery market as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the agricultural machinery market during the forecast period.

Market Overview

The global agricultural and farm machinery market covers companies that manufacture agricultural and farm machinery and related parts. This includes agricultural tractors, haying machinery, harvesting machinery, planting machinery, livestock machinery, spraying machinery, tillage machinery, and irrigation systems. Meanwhile, the government initiatives to support sustainable agricultural practices are notably driving the India agricultural machinery market growth. Technavio calculates the global agricultural and farm machinery market size based on the revenues generated by the manufacturers of various types of agricultural and farm machinery.

Who are the Major Agricultural Machinery Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AGCO Corp.
  • Agrale SA
  • Bucher Industries AG
  • CHANGFA GROUP
  • Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
  • CLAAS Group
  • CNH Industrial NV
  • Daedong Corp.
  • Deere and Co.
  • Escorts Ltd.
  • HORSCH Maschinen GmbH
  • ISEKI and Co. Ltd.
  • Kubota Corp.
  • Mahindra and Mahindra Ltd.
  • SDF SpA
  • Sonalika International Tractors Ltd.
  • Weichei Lovol Heavy Industry Co. Ltd.
  • Yanmar Holdings Co. Ltd.
  • China National Machinery Industry Corp. Ltd.
  • J C Bamford Excavators Ltd.

 

This statistical study of the agricultural machinery market encompasses successful business strategies deployed by the key vendors. The agricultural machinery market is fragmented and the vendors are deploying growth strategies such as new product launches to compete in the market.

Product Insights and News

  • AGCO Corp. - The company offers agricultural machinery that includes articulated four-wheel-drive tractors which provide farmers with the highest level of productivity in large acreage enterprises. 
  • AGCO Corp. - In December 2021, the company announced an agreement to acquire Appareo Systems LLC  a leader in software engineering, hardware development, and electronic manufacturing.  

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The agricultural machinery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Agricultural Machinery Market: Key Drivers, Trends, and Challenges

The government subsidies to promote the agricultural sector is notably driving the agricultural machinery market growth, although factors such as the availability of agricultural tractors on a rental basis may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the agricultural machinery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Agricultural Machinery Market Driver

One of the key factors driving the global agricultural machinery market growth is the government subsidies to promote the agricultural sector. For instance, in October 2019, the Brazilian government announced a package of more than USD 244 billion toward the subsidy and insurance given to farmers. In 2020, the government of India provided an 80% subsidy on machinery and equipment to maintain the stubble for farmers. German farmers also receive an annual payment from the European Union for their farm investments, which will drive Germany agricultural machinery market growth. Moreover, according to Researchers behind the OECD's Agricultural Policy Monitoring and Evaluation 2020, which was conducted on 54 countries (all OECD and EU countries, plus 12 key emerging economies), over USD 700 billion a year goes to support the agricultural sector in some form of subsidy by the government. Such government support to improve the agriculture sector globally will drive the demand for agriculture machinery during the forecast period.

Key Agricultural Machinery Market Trend

Increased popularity of small tractors is one of the key agricultural machinery market trends that is expected to impact the industry positively in the forecast period. Most countries that depend on agriculture as a larger portion of the gross domestic product such as US will drive US agricultural machinery market during the forecast period. Here the mechanization of farming is low and is mostly human labor-based practice. The OEMs in these regions generally offer tractors in the low-power range. On account of their small size, these tractors provide enhanced performance and efficiency. Most vendors in the agricultural machinery market in India offer a wide range of small tractors. For instance, Kubota offers a full line-up of small tractors, including the BX Series, B Series, L Series, and M Series. Also, in 2020, Massey Ferguson launched five compact tractors as part of the new 1800E and 2800E series. Such factors will further support the market growth in the coming years.

Key Agricultural Machinery Market Challenge

One of the key challenges to the global agricultural machinery market growth is the availability of agricultural tractors on a rental basis. For instance, the Ministry of Agriculture and Farmers Welfare in India developed a farm equipment rental app, a Custom Hiring Center (CHC) app for Indian farmers, which covers the more than 38,000 CHCs across the country and lets them hire tractors and other agricultural machinery on rent at flexible terms. For instance, firms like Pacific Rental and Sunbelt Rentals are among the many other companies that facilitate farmers with renting, financing, and leasing options for agricultural equipment and tractors. Since the average use of a tractor for a farmer is around 120 days in a year, it is much more feasible for a small-scale farmer to rent the equipment instead of purchasing it, which will negatively impact the market growth in the forecast period.

This agricultural machinery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Which are the Key Regions for Agricultural Machinery Market?

Agricultural Machinery Market Market segmentation by region

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40% of the market's growth will originate from APAC during the forecast period. China, India, and Indonesia are the key markets for agricultural machinery in APAC. Market growth in this region will be faster than the growth of the market in North America and Europe.

The significant increase in the demand for food, owing to the growth in population in countries such as India and China, will facilitate the agricultural machinery market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had a major impact on the agriculture sector. Lockdowns negatively impacted crop production and distribution in the region. Due to this negative effect of the pandemic, farmers did not prefer investing in agricultural machinery. Thus, reduced sales of agriculture machinery were witnessed in 2020. However, government efforts and policies improved the agriculture sector and will help in market recovery during the forecast period.

Agricultural Machinery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the agricultural machinery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Agricultural Machinery Market?

Agricultural Machinery Market Segmentation

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The agricultural machinery market share growth by the tractors segment will be significant during the forecast period. The growth is attributed to the high demand for tractors owing to their application in farming activities such as plowing, tilling, planting, harrowing, leveling, weed control, and others and the availability of different kinds of agricultural tractors such as utility tractors, row crop tractors, orchard type, implement carrier, earth-moving tractors in the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the agricultural machinery market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Farm Equipment market - The market share is expected to increase by USD 33.65 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.96%.

Farm Equipment Rental market - The market share is expected to increase by USD 14.89 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.78%.

Agricultural Tractor market - The market size is expected to grow by 147.94 thousand units and record a CAGR of 1.91% during 2021-2025.

US Agricultural Machinery market - Technavio's market research analysts predict that this market will grow at a CAGR of more than 5% by 2021.

Agricultural Machinery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 5.87%

Market growth 2022-2026

$ 45.98 billion

Market structure

Fragmented

YoY growth (%)

6.6

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key consumer countries

US, China, India, Indonesia, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AGCO Corp., Agrale SA, Bucher Industries AG, CHANGFA GROUP, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CLAAS Group, CNH Industrial NV, Daedong Corp., Deere and Co., Escorts Ltd., HORSCH Maschinen GmbH, ISEKI and Co. Ltd., Kubota Corp., Mahindra and Mahindra Ltd., SDF SpA, Sonalika International Tractors Ltd., Weichei Lovol Heavy Industry Co. Ltd., Yanmar Holdings Co. Ltd., China National Machinery Industry Corp. Ltd., and J C Bamford Excavators Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Agricultural Machinery Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive agricultural machinery market growth during the next five years
  • Precise estimation of the agricultural machinery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the agricultural machinery industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of agricultural machinery market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Tractors - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Tractors - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Tractors - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Tractors - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Tractors - Year-over-year growth 2021-2026 (%)
    • 5.4 Harvesting machinery - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Harvesting machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Harvesting machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Harvesting machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Harvesting machinery - Year-over-year growth 2021-2026 (%)
    • 5.5 Parts and attachments - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Parts and attachments - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Parts and attachments - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Parts and attachments - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Parts and attachments - Year-over-year growth 2021-2026 (%)
    • 5.6 Planting and fertilizing machinery - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Planting and fertilizing machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Planting and fertilizing machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Planting and fertilizing machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Planting and fertilizing machinery - Year-over-year growth 2021-2026 (%)
    • 5.7 Plowing and cultivating machinery - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Plowing and cultivating machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 45: Data Table on Plowing and cultivating machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 46: Chart on Plowing and cultivating machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Plowing and cultivating machinery - Year-over-year growth 2021-2026 (%)
    • 5.8 Haying machinery - Market size and forecast 2021-2026
      • Exhibit 48: Chart on Haying machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 49: Data Table on Haying machinery - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 50: Chart on Haying machinery - Year-over-year growth 2021-2026 (%)
      • Exhibit 51: Data Table on Haying machinery - Year-over-year growth 2021-2026 (%)
    • 5.9 Market opportunity by Product
      • Exhibit 52: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 54: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 55: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 56: Chart on Geographic comparison
      • Exhibit 57: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Indonesia - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Indonesia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 91: Data Table on Indonesia - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 92: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
    • 7.12 Brazil - Market size and forecast 2021-2026
      • Exhibit 94: Chart on Brazil - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 95: Data Table on Brazil - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 96: Chart on Brazil - Year-over-year growth 2021-2026 (%)
      • Exhibit 97: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 98: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 99: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 100: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 101: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 102: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 103: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 104: Matrix on vendor position and classification
            • 10.3 AGCO Corp.
              • Exhibit 105: AGCO Corp. - Overview
              • Exhibit 106: AGCO Corp. - Business segments
              • Exhibit 107: AGCO Corp. - Key news
              • Exhibit 108: AGCO Corp. - Key offerings
              • Exhibit 109: AGCO Corp. - Segment focus
            • 10.4 CHANGFA GROUP
              • Exhibit 110: CHANGFA GROUP - Overview
              • Exhibit 111: CHANGFA GROUP - Product / Service
              • Exhibit 112: CHANGFA GROUP - Key offerings
            • 10.5 Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
              • Exhibit 113: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Overview
              • Exhibit 114: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Product / Service
              • Exhibit 115: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Key offerings
            • 10.6 CLAAS Group
              • Exhibit 116: CLAAS Group - Overview
              • Exhibit 117: CLAAS Group - Product / Service
              • Exhibit 118: CLAAS Group - Key news
              • Exhibit 119: CLAAS Group - Key offerings
            • 10.7 CNH Industrial NV
              • Exhibit 120: CNH Industrial NV - Overview
              • Exhibit 121: CNH Industrial NV - Business segments
              • Exhibit 122: CNH Industrial NV - Key news
              • Exhibit 123: CNH Industrial NV - Key offerings
              • Exhibit 124: CNH Industrial NV - Segment focus
            • 10.8 Daedong Corp.
              • Exhibit 125: Daedong Corp. - Overview
              • Exhibit 126: Daedong Corp. - Product / Service
              • Exhibit 127: Daedong Corp. - Key offerings
            • 10.9 Deere and Co.
              • Exhibit 128: Deere and Co. - Overview
              • Exhibit 129: Deere and Co. - Business segments
              • Exhibit 130: Deere and Co. - Key news
              • Exhibit 131: Deere and Co. - Key offerings
              • Exhibit 132: Deere and Co. - Segment focus
            • 10.10 Kubota Corp.
              • Exhibit 133: Kubota Corp. - Overview
              • Exhibit 134: Kubota Corp. - Business segments
              • Exhibit 135: Kubota Corp. - Key news
              • Exhibit 136: Kubota Corp. - Key offerings
              • Exhibit 137: Kubota Corp. - Segment focus
            • 10.11 Mahindra and Mahindra Ltd.
              • Exhibit 138: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 139: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 140: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 141: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 142: Mahindra and Mahindra Ltd. - Segment focus
            • 10.12 SDF SpA
              • Exhibit 143: SDF SpA - Overview
              • Exhibit 144: SDF SpA - Product / Service
              • Exhibit 145: SDF SpA - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 11.5 List of abbreviations
                • Exhibit 152: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Agricultural Machinery market growth will increase by $45.98 billion during 2022-2026.
              The agricultural machinery market is expected to grow at a CAGR of 5.87% during 2022-2026.
              Technavio has segmented the agricultural machinery market by product (Tractors, Harvesting machinery, Parts and attachments, Planting and fertilizing machinery, and Plowing and cultivating machinery) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              AGCO Corp., Agrale SA, Bucher Industries AG, CHANGFA GROUP, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., CLAAS Group, CNH Industrial NV, Daedong Corp., Deere and Co., Escorts Ltd., HORSCH Maschinen GmbH, ISEKI and Co. Ltd., Kubota Corp., Mahindra and Mahindra Ltd., SDF SpA, Sonalika International Tractors Ltd., Weichei Lovol Heavy Industry Co. Ltd., Yanmar Holdings Co. Ltd., China National Machinery Industry Corp. Ltd., J C Bamford Excavators Ltd. are a few of the key vendors in the agricultural machinery market.
              APAC will register the highest growth rate of 40.02% among the other regions. Therefore, the agricultural machinery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the agricultural machinery market growth are:
              • Government subsidies to promote the agricultural sector
              • Increased popularity of small tractors
              The agricultural machinery market vendors should focus on grabbing business opportunities from the tractors segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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