Agricultural Machinery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Indonesia, Brazil - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 184 SKU: IRTNTR72828

Agricultural Machinery Market 2024-2028

The agricultural machinery market size to increase by USD 47.71 billion, at a CAGR of 5.5% between 2023 and 2028. The market growth analysis depends on several factors, such as government subsidies to promote the agricultural sector, the expansion of arable land, and the high labor shortage in farming. Our market report examines historic data from 2018-2022, besides analyzing the current and forecasts market scenario.

The APAC region is experiencing a surge in demand for agricultural mechanization, driven by government initiatives like subsidies and improved credit access. Farmers are investing significantly in machinery, boosting APAC market growth. Bucher Industries AG provides agriculture machinery through its business unit Bucher Landtechnik which offers tractors, Combine Harvesters, Sprayers, and others.. CHANGFA GROUP offers agriculture machinery such as wheel tow, wheeled harvesters, rice transplanters, rotary machines, feed crawler combine harvesters, and others.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver- High labor shortage in farming

The global rural population largely comprises the agricultural sector. There is an increasing trend of migration of laborers from rural to urban areas, which raises the issue of a labor shortage in countries like India and South Africa. Rural area in the US faces acute shortages of agriculture labor, especially in Ohio and Pennsylvania. Also, many local workers are not interested in doing farm-related work, which has increased labor shortages. Thus, the labor shortage has gradually increased the labor cost in the country over the years.

Furthermore, programs like AI4AI and easy access to these machinery are encouraging farmers to buy farming machinery. Therefore, farmers are switching toward capital-intensive resources for agricultural activities. Therefore, the demand for agricultural machines is generated, which, in turn, will drive the growth of the market during the forecast period.

Trends- Rising deployment of equipment and technologies for precision farming

With the advancement in technology, modernized features are used in farms like GPS for precision plowing, field mapping, planting, and fertilizing with accurate seed placement. Some tractors are also equipped with attached on-board computers. Precision farming also uses machinery with these devices, which improves profitability and productivity. For instance, Deere and Co. tractors have a system, where the driver coordinates with the grain cart movements while harvesting. In the case of any failure, the sensor sends alerts to farmers and local dealers. Major companies such as Bucher Industries AG and AGCO Corp. have started using precision farming and planting practices.

Moreover, some of the features of precision farming include but are not limited to equipment guidance, yield inspection, and variable rate input application, which increases the farm yield. This increases vendor initiation to develop farm equipment for precision farming. For instance, in November 2023, xFarm Technologies entered a partnership with Precision Farming Network (PFN) to offer farmers technologically advanced and connected agricultural machinery. Thus, such factors are expected to drive the growth of the market during the forecast period.

Challenge- Stringent regulations on development of agricultural machinery

The growing focus by countries on fighting climate change and making farming operations cleaner and greener has compelled environmental bodies worldwide to come up with stringent emission regulations. Environmental regulatory bodies across the world have imposed strict emission norms for factories, vehicles, production facilities, waste management, machinery, and equipment. The environmental governing body of the EU has announced the Stage V exhaust emission regulations that limit the emissions of particulate matter (PM) to 0.015 g/kWh, and the oxides of nitrogen (Nox) to 0.4 g/kWh. 

Consequently, the need to comply with the new and strict emission regulations introduced by various countries has affected the profit margins of various farm equipment manufacturers adversely. The design and manufacturing of machinery that complies with the new norms make it necessary for manufacturers to equip the machinery with new components, resulting in additional costs. Subsequently, this increase in costs will increase the prices of such machinery and thus have a negative impact on its demand and may impede the growth of the market during the forecast period.

Market Segmentation by Type, Application, and Geography

Type Segment Analysis: 

The tractors segment will account for a major share of the market's growth during the forecast period.?The demand for agricultural tractors is high in developing countries such as India and China. Tractors are classified based on their horsepower (HP). The demand for low HP tractors is mainly from developing countries such as India and China, and the demand for high HP tractors is mainly from developed countries such as the US. High HP tractors are mainly used to control other agricultural equipment, such as planters, air seeders, and tillage machines in large farms. Factors such as a shift toward mechanization and a reduction in the number of people in the agricultural industry are increasing the adoption of tractors. 

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The tractors segment was valued at USD 103.62 billion in 2018. Furthermore, market players such as Deere and Co. provide customized tractors to suit the specific needs of end-users. End-users can design their own tractors to suit their needs by choosing the proper attachments and other features, such as backup alarms and rotary beacon lights. Some of the most important market players offering tractors are Mahindra and Mahindra Ltd., Deere and Co., AGCO Corp., Sonalika International Tractors Ltd., Escorts Ltd., etc. Factors such as the growing shift toward mechanization in the agriculture industry are driving the adoption of tractors. Therefore, the tractor segment is expected to grow in the global agricultural machinery market during the forecast period.

Application Segment Analysis:

Based on application, the market has been segmented into land development and seedbed preparation, sowing and planting, harvesting and threshing, and others. The land development and seedbed preparation?segment will account for the largest share of this segment.?Land development and seedbed preparation is considered one of the complicated processes that entail evaluations, planning, designing, and constructing modifications on a plot of land with the municipal and government norms and regulations. Some of the essential and most commonly used agriculture machinery for land development include rotavators or rotary tillers, plows, tractor-trailers, power harrows, levelers, and disc hallows. Additionally, increasing instances of soil degradation and loss of arable land are likely to promote land development practices with the help of agricultural machinery among the farmers. Therefore, the growth of the land development segment of the market will witness a positive trend during the forecast period.

Regional Analysis

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APAC is estimated to contribute 42% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The 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. Developing countries such as India and China are the major contributors to the market in APAC. 

Further, India is one of the largest contributors to the global agricultural machinery market, despite low farm mechanization. This is because of the fragmented agricultural lands in the country. In addition, the popularity of low-priced agricultural tractors in India is higher due to the financial instability among small and mid-sized farmers. Further, government support to farmers in the region for buying agricultural machinery helps them to avail equipment at low costs. 

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • AGCO Corp.: The company offers agriculture machinery such as tractors, combine harvesters, hay and forage, spreaders, sprayers and many more.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., China National Machinery Industry Corp. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Daedong Corp., Deere and Co., Escorts Ltd., Tractors and Farm Equipment Ltd., HORSCH Maschinen GmbH, ISEKI and Co. Ltd., J C Bamford Excavators Ltd., Kubota Corp., Mahindra and Mahindra Ltd., SDF SpA, Sonalika International Tractors Ltd., Weichai Lewo Intelligent Agriculture Technology Co., Ltd., and Yanmar Holdings Co. Ltd.

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook 
    • Tractors
    • Harvesting machinery
    • Haying machinery
    • Planting and fertilizing machinery
    • Plowing and cultivating machinery
  • Application Outlook 
    • Land development and seedbed preparation
    • Sowing and planting
    • Harvesting and threshing
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The agricultural equipment market is undergoing a transformative phase, influenced by various factors including Farmers' income and Climatic conditions. Government initiatives such as Loan waiver schemes are driving investments in advanced technologies like Agricultural robotics and Autonomous tractors. Emerging technologies like Flying drones and Robotic systems are revolutionizing farming practices, supported by modern Manufacturing facilities and advancements in Semiconductors and Sensor technologies. Despite challenges such as Production delays and Lack of human resources, the market is witnessing growth fueled by Global demand for food and the need for Sustainable agriculture solutions.

Further, easy credit and funds facilitate access to modern machinery, including Technologically advanced tractors and Smart agriculture equipment, catering to evolving needs in Meat production, Milk production, and Crop production. Regulatory compliance, including European Union directives and EMC compliance standard, ensures the quality and safety of agricultural machinery, meeting Regulatory scrutiny and Product testing requirements.

Additionally, advancements in GPS software products, Telematics, and Google Earth navigation systems optimize farm operations amidst changing Land usage patterns and Urbanization trends, driving the adoption of Tech-driven agriculture machineries across the globe.

Agricultural Machinery Market Scope

Report Coverage

Details

Page number

184

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.5%

Market growth 2024-2028

USD 47.71 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.91

Regional analysis

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

Performing market contribution

APAC at 42%

Key countries

US, China, India, Indonesia, and Brazil

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AGCO Corp., Bucher Industries AG, CHANGFA GROUP, Changzhou Dongfeng Agricultural Machinery Group Co. Ltd., China National Machinery Industry Corp. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Daedong Corp., Deere and Co., Escorts Ltd., Tractors and Farm Equipment Ltd., HORSCH Maschinen GmbH, ISEKI and Co. Ltd., J C Bamford Excavators Ltd., Kubota Corp., Mahindra and Mahindra Ltd., SDF SpA, Sonalika International Tractors Ltd., Weichai Lewo Intelligent Agriculture Technology Co., Ltd., and Yanmar Holdings Co. 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 Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the agricultural machinery market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

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 Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global agricultural machinery market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global agricultural machinery market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Tractors - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Tractors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Tractors - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Tractors - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Tractors - Year-over-year growth 2023-2028 (%)
    • 6.4 Harvesting machinery - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Harvesting machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Harvesting machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Harvesting machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Harvesting machinery - Year-over-year growth 2023-2028 (%)
    • 6.5 Haying machinery - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Haying machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Haying machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Haying machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Haying machinery - Year-over-year growth 2023-2028 (%)
    • 6.6 Planting and fertilizing machinery - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Planting and fertilizing machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Planting and fertilizing machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Planting and fertilizing machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Planting and fertilizing machinery - Year-over-year growth 2023-2028 (%)
    • 6.7 Plowing and cultivating machinery - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Plowing and cultivating machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Plowing and cultivating machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Plowing and cultivating machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Plowing and cultivating machinery - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 56: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 58: Chart on Comparison by Application
      • Exhibit 59: Data Table on Comparison by Application
    • 7.3 Land development and seedbed preparation - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Land development and seedbed preparation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Land development and seedbed preparation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Land development and seedbed preparation - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Land development and seedbed preparation - Year-over-year growth 2023-2028 (%)
    • 7.4 Sowing and planting - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Sowing and planting - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Sowing and planting - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Sowing and planting - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Sowing and planting - Year-over-year growth 2023-2028 (%)
    • 7.5 Harvesting and threshing - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Harvesting and threshing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Harvesting and threshing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Harvesting and threshing - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Harvesting and threshing - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 76: Market opportunity by Application ($ billion)
      • Exhibit 77: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 111: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Indonesia - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Indonesia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Indonesia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Indonesia - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
    • 9.12 Brazil - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on Brazil - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ billion)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 AGCO Corp.
              • Exhibit 131: AGCO Corp. - Overview
              • Exhibit 132: AGCO Corp. - Business segments
              • Exhibit 133: AGCO Corp. - Key news
              • Exhibit 134: AGCO Corp. - Key offerings
              • Exhibit 135: AGCO Corp. - Segment focus
            • 12.4 Bucher Industries AG
              • Exhibit 136: Bucher Industries AG - Overview
              • Exhibit 137: Bucher Industries AG - Business segments
              • Exhibit 138: Bucher Industries AG - Key news
              • Exhibit 139: Bucher Industries AG - Key offerings
              • Exhibit 140: Bucher Industries AG - Segment focus
            • 12.5 CHANGFA GROUP
              • Exhibit 141: CHANGFA GROUP - Overview
              • Exhibit 142: CHANGFA GROUP - Product / Service
              • Exhibit 143: CHANGFA GROUP - Key offerings
            • 12.6 Changzhou Dongfeng Agricultural Machinery Group Co. Ltd.
              • Exhibit 144: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Overview
              • Exhibit 145: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Product / Service
              • Exhibit 146: Changzhou Dongfeng Agricultural Machinery Group Co. Ltd. - Key offerings
            • 12.7 CLAAS KGaA mBH
              • Exhibit 147: CLAAS KGaA mBH - Overview
              • Exhibit 148: CLAAS KGaA mBH - Product / Service
              • Exhibit 149: CLAAS KGaA mBH - Key offerings
            • 12.8 CNH Industrial NV
              • Exhibit 150: CNH Industrial NV - Overview
              • Exhibit 151: CNH Industrial NV - Business segments
              • Exhibit 152: CNH Industrial NV - Key news
              • Exhibit 153: CNH Industrial NV - Key offerings
              • Exhibit 154: CNH Industrial NV - Segment focus
            • 12.9 Daedong Corp.
              • Exhibit 155: Daedong Corp. - Overview
              • Exhibit 156: Daedong Corp. - Product / Service
              • Exhibit 157: Daedong Corp. - Key news
              • Exhibit 158: Daedong Corp. - Key offerings
            • 12.10 Deere and Co.
              • Exhibit 159: Deere and Co. - Overview
              • Exhibit 160: Deere and Co. - Business segments
              • Exhibit 161: Deere and Co. - Key offerings
              • Exhibit 162: Deere and Co. - Segment focus
            • 12.11 Escorts Ltd.
              • Exhibit 163: Escorts Ltd. - Overview
              • Exhibit 164: Escorts Ltd. - Business segments
              • Exhibit 165: Escorts Ltd. - Key offerings
              • Exhibit 166: Escorts Ltd. - Segment focus
            • 12.12 ISEKI and Co. Ltd.
              • Exhibit 167: ISEKI and Co. Ltd. - Overview
              • Exhibit 168: ISEKI and Co. Ltd. - Product / Service
              • Exhibit 169: ISEKI and Co. Ltd. - Key offerings
            • 12.13 J C Bamford Excavators Ltd.
              • Exhibit 170: J C Bamford Excavators Ltd. - Overview
              • Exhibit 171: J C Bamford Excavators Ltd. - Product / Service
              • Exhibit 172: J C Bamford Excavators Ltd. - Key news
              • Exhibit 173: J C Bamford Excavators Ltd. - Key offerings
            • 12.14 Kubota Corp.
              • Exhibit 174: Kubota Corp. - Overview
              • Exhibit 175: Kubota Corp. - Business segments
              • Exhibit 176: Kubota Corp. - Key news
              • Exhibit 177: Kubota Corp. - Key offerings
              • Exhibit 178: Kubota Corp. - Segment focus
            • 12.15 Mahindra and Mahindra Ltd.
              • Exhibit 179: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 180: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 181: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 182: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 183: Mahindra and Mahindra Ltd. - Segment focus
            • 12.16 SDF SpA
              • Exhibit 184: SDF SpA - Overview
              • Exhibit 185: SDF SpA - Product / Service
              • Exhibit 186: SDF SpA - Key news
              • Exhibit 187: SDF SpA - Key offerings
            • 12.17 Sonalika International Tractors Ltd.
              • Exhibit 188: Sonalika International Tractors Ltd. - Overview
              • Exhibit 189: Sonalika International Tractors Ltd. - Product / Service
              • Exhibit 190: Sonalika International Tractors Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • 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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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
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