Agriculture Equipment Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, India, France, UK - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 160 SKU: IRTNTR77819

Agriculture Equipment Market Forecast 2024-2028

The agriculture equipment market size is forecast to increase by USD 66.53 billion at a CAGR of 6.05% between 2023 and 2028. The market's growth hinges on several factors, including the rising demand for agricultural equipment prompted by labor shortages. Government subsidies aimed at bolstering the agricultural sector further fuel this growth trajectory. Additionally, the market sees an uptick with the increasing launch of new agricultural equipment by vendors, catering to the evolving needs of farmers and agricultural businesses. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

Moreover, the agriculture equipment market in North America is propelled by government initiatives to mechanize farming and counter the growing farm labor scarcity, among other market-driving factors. AGCO Corp. contributes to this sector with its diverse offerings, including tractors and feeders branded as Challenger, Fendt, Massey Ferguson, Valtra, Fella, White Planters, and Sunflower.

Market Forecasting and Size

Market  Forecast 2024-2028

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Market Dynamic

The market is driven by the increasing adoption of automation technologies to enhance productivity in agro-based economies. Factors such as the need to improve land yield, reduce dependence on traditional farming methods, and address labor shortages are propelling the demand for machines like tractors, combine harvesters, and irrigation systems. However, challenges such as high maintenance costs, fluctuating commodity prices, and unpredictable weather patterns pose significant obstacles to market growth. Balancing technological advancements with the maintenance of human workforce skills remains crucial in addressing these challenges. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver - Increasing demand for agricultural equipment due to labor shortage

The global rural population largely comprises the agricultural sector. There is an increasing trend of migration of labors from rural to urban areas, which raises the issue of a labor shortage in the countries such as India and South Africa. Rural areas in the US face 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. This has increased the demand for agriculture machinery even by small farmholders. Agriculture equipment offers efficient and time-saving farming.

Moreover, precision farming and fully automated farming adopted with the help of farming machines eliminate human interruption; thus, errors are also decreased. Such instances help farmers in yielding a high output of crops. Furthermore, easy access to this machinery encourages farmers to buy farming machinery. Therefore, farmers are switching toward capital-intensive resources for agricultural activities. Therefore, the demand for agriculture equipment is generated, which, in turn, will drive the growth of the market during the forecast period.

Significant Market Trends - Implementation of AI in Agriculture Equipment

Artificial technology (AI) is an emerging technology in the field of agriculture. AI-based agriculture equipment has taken the agriculture system to another level. AI technology has enhanced crop production and improved real-time monitoring of crop yield, irrigation, soil content sensing, crop- monitoring, weeding, and harvesting. The modern-day technology of automated systems involves the use of agricultural robots, and drones have made a remarkable contribution to the agro-based area. For example, Self-driving means automated tractors, which could feature autonomously and maximum commonly known as 'Driverless Tractors'. 

Further, potential applications of AI in farming lead to optimized usage of fertilizers, crop protection, and seeds. The cost of fertilizers and other crop protection chemicals exponentially rises, simultaneously increasing the demand for farm machines that could decide how much fertilizers are needed and reduce the wastage of such costlier chemicals. Thus, such factors are expected to drive the growth of the market in focus during the forecast period.

Major Market Challenge - Growing availability of rental agricultural equipment

The various types of equipment used in agriculture include tractors, harvesting tools, mower conditioners, tillage tools, and other farming equipment. But many times, this is highly expensive, so not every farmer can afford to purchase it. The demand for agriculture tools renting services is driven by the high cost of maintaining modern agricultural equipment and the high cost of buying it. Utilizing rental services allows farmers to offset the expense of maintaining their agriculture tools while making a profit. Leasing agricultural machinery allows farmers to harvest their crops on schedule without having to make a sizable down payment on necessary agriculture equipment. 

Furthermore, the renting of farm machinery hinders the unit sales of new agriculture equipment and, thus, hampers the profitability of agriculture equipment. These losses have long-term repercussions as agriculture equipment has a product replacement cycle of nearly ten years. Such services in the market are likely to limit the adoption of agriculture equipment, which will hinder the growth of the market during the forecast period.

Market Segmentation by Type, Product Type, and Geography

The market encompasses a wide range of machinery and tools essential for various farming activities. These include tractors, combine harvesters, irrigation systems, mowers, and backhoes. As agro-based economies rely heavily on efficient farming practices, the demand for automation technologies to replace traditional farming methods and reduce dependence on the human workforce is growing. Factors such as commodity prices and weather patterns significantly influence the adoption of agriculture equipment, impacting land yield and the cultivation of crops like rice, wheat, maize, sugarcane, and oilseeds.

Type Segment Analysis: 

The tractors segment is estimated to witness significant growth during the forecast period. The demand for tractors will be driven by the rising preference for more sophisticated, larger, and more powerful models, many of which incorporate new technologies and amenities that contribute to their higher prices. On the other hand, the demand for smaller, specialized tractors for specific applications is also rising, which will have a restraining effect on value gains in the market.

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The tractors segment was the largest segment and was valued at USD 58.92 billion in 2018. The tractors included in this segment are wheeled and crawler types. Wheeled models of tractors will continue to gain popularity because of the simplicity of their design and the advantages that they provide over other tractor types under certain conditions. Additionally, wheeled tractors cost significantly less than many crawler-type machines. Tractors are classified based on their horsepower (HP). Small tractors with a capacity of less than 35 HP are used on small farms. Medium tractors with a capacity of 35-50 HP and big tractors with a capacity of more than 50 HP are used on large farms. Factors such as the growing shift toward mechanization and the decline in the number of people engaged in the agriculture industry are driving the adoption of tractors. Thus, increasing demand for tractors will drive the segment and market during the forecast period.

Product Type Analysis: 

Based on the product type, the market has been segmented into tractors, harvesters machinery, planting equipment and others. The product segment will account for the largest share of this segment.?Agriculture equipment is machinery used in agricultural works to save labor, cost, and time and to get a high crop yield. A few manual agriculture tools used under each stage include Land preparation: Several tasks need to be completed at this point, including preparing the soil bed, loosening the soil, and getting rid of weeds and clods to grind the soil. Currently, staple food products such as wheat, maize, and rice account for a major part of global calorie intake and, thus, require a significant increase in their production. Meat and milk are also important constituents of global food intake. Thus, a consistently increasing global population will drive agricultural activities, which, in turn, is expected to have a positive impact on the segment and market during the forecast period.

Regional Analysis

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North America is estimated to contribute 31% 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 in North America, particularly in the US and Canada, is dominated by key players like AGCO and Deere and Co. Government initiatives supporting mechanization, coupled with the farm labor shortage, are major market drivers. In the US, agencies like the USDA provide financial aid for tool purchases, boosting adoption. Deere and Co.'s recent product launches, including advanced technology for spraying operations, exemplify market trends.

In addition, with the US being a significant milk producer, rising hay production and exports are fueling demand for equipment like mower conditioners. The region's emphasis on innovation, particularly in autonomous tractors, presents growth opportunities. Overall, government support, technological advancements, and evolving agricultural needs are shaping the dynamic landscape of the market. Such factors are expected to drive the regional market growth during the forecast period. 

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.

Alamo Group Inc. - The company offers agriculture equipment such as rotatory mowers, street sweepers, vacuum trucks, and stump grinders.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including AGCO Corp., Alamo Group Inc., American Spring and Pressing Works Pvt. Ltd., Beri Udyog Pvt. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Deere and Co., ISEKI and Co. Ltd., Kinze Manufacturing Inc., Kovai Classic Industries, Kubota Corp., Mahindra and Mahindra Ltd., ROSTA AG, Shandong Heavy Industry Group Co. Ltd., Summit Steel and Manufacturing Inc., Tractors and Farm Equipment Ltd., Trimble Inc., Zetor Tractors as, EcoRobotix SA, 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 2018 to 2028. 

  • Type Outlook 
    • Tractors
    • Harvesters machinery
    • Planting equipment
    • Others
  • Product Type Outlook 
    • Manual
    • Automatic
    • Semi-automatic
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant advancements in modernized equipment and technologically advanced agricultural robotics, driven by the need for efficient equipment models to meet the demands of farming applications. With a focus on sustainable farming practices and reducing reliance on fossil fuels, manufacturers are exploring alternative fuel sources such as ethanol and biodiesel. Integration of Internet of Things (IoT) technology, sensors, and GPS in wireless equipment models enables IoT automation for tasks like plant protection and crop processing.

In addition, from cultivation equipment to harvesting equipment and irrigation & crop processing equipment, agricultural mechanization is evolving with semi-automatic machines and automatic machines. With precision agriculture techniques, including field contours mapping and soil nutrient measuring variables, the market aims for optimized crop yields and land utilization. Additionally, the rising demand for organic food and beverages drives the adoption of organic farming practices and sustainable agriculture technologies.

Market Scope

Report Coverage

Details

Page number

160

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.05%

Market Growth 2024-2028

USD 66.53 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.02

Regional analysis

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

Performing market contribution

North America at 31%

Key countries

US, China, India, France, and UK

Competitive landscape

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

Key companies profiled

AGCO Corp., Alamo Group Inc., American Spring and Pressing Works Pvt. Ltd., Beri Udyog Pvt. Ltd., CLAAS KGaA mBH, CNH Industrial NV, Deere and Co., ISEKI and Co. Ltd., Kinze Manufacturing Inc., Kovai Classic Industries, Kubota Corp., Mahindra and Mahindra Ltd., ROSTA AG, Shandong Heavy Industry Group Co. Ltd., Summit Steel and Manufacturing Inc., Tractors and Farm Equipment Ltd., Trimble Inc., Zetor Tractors as, EcoRobotix SA, and Yanmar Holdings Co. Ltd.

Market dynamics

Parent market growth 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 forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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 market between 2024 and 2028
  • Precise estimation of the size 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 North America, Europe, APAC, 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 Product Type
    • 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 agriculture equipment market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global agriculture equipment market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Product type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product type 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 Harvesters machinery - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Harvesters machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Harvesters machinery - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Harvesters machinery - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Harvesters machinery - Year-over-year growth 2023-2028 (%)
    • 6.5 Planting equipment - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Planting equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Planting equipment - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Planting equipment - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Planting equipment - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Product Type

    • 7.1 Market segments
      • Exhibit 52: Chart on Product Type - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Product Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Product Type
      • Exhibit 54: Chart on Comparison by Product Type
      • Exhibit 55: Data Table on Comparison by Product Type
    • 7.3 Manual - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Manual - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Manual - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Manual - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Manual - Year-over-year growth 2023-2028 (%)
    • 7.4 Automatic - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Automatic - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Automatic - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Automatic - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Automatic - Year-over-year growth 2023-2028 (%)
    • 7.5 Semi-automatic - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Semi-automatic - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Semi-automatic - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Semi-automatic - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Semi-automatic - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Product Type
      • Exhibit 68: Market opportunity by Product Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Product Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 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 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 France - Market size and forecast 2023-2028
      • Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: 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 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AGCO Corp.
              • Exhibit 123: AGCO Corp. - Overview
              • Exhibit 124: AGCO Corp. - Business segments
              • Exhibit 125: AGCO Corp. - Key news
              • Exhibit 126: AGCO Corp. - Key offerings
              • Exhibit 127: AGCO Corp. - Segment focus
            • 12.4 Alamo Group Inc.
              • Exhibit 128: Alamo Group Inc. - Overview
              • Exhibit 129: Alamo Group Inc. - Business segments
              • Exhibit 130: Alamo Group Inc. - Key news
              • Exhibit 131: Alamo Group Inc. - Key offerings
              • Exhibit 132: Alamo Group Inc. - Segment focus
            • 12.5 Beri Udyog Pvt. Ltd.
              • Exhibit 133: Beri Udyog Pvt. Ltd. - Overview
              • Exhibit 134: Beri Udyog Pvt. Ltd. - Product / Service
              • Exhibit 135: Beri Udyog Pvt. Ltd. - Key offerings
            • 12.6 CLAAS KGaA mBH
              • Exhibit 136: CLAAS KGaA mBH - Overview
              • Exhibit 137: CLAAS KGaA mBH - Product / Service
              • Exhibit 138: CLAAS KGaA mBH - Key offerings
            • 12.7 Deere and Co.
              • Exhibit 139: Deere and Co. - Overview
              • Exhibit 140: Deere and Co. - Business segments
              • Exhibit 141: Deere and Co. - Key offerings
              • Exhibit 142: Deere and Co. - Segment focus
            • 12.8 EcoRobotix SA
              • Exhibit 143: EcoRobotix SA - Overview
              • Exhibit 144: EcoRobotix SA - Product / Service
              • Exhibit 145: EcoRobotix SA - Key offerings
            • 12.9 ISEKI and Co. Ltd.
              • Exhibit 146: ISEKI and Co. Ltd. - Overview
              • Exhibit 147: ISEKI and Co. Ltd. - Product / Service
              • Exhibit 148: ISEKI and Co. Ltd. - Key offerings
            • 12.10 Kinze Manufacturing Inc.
              • Exhibit 149: Kinze Manufacturing Inc. - Overview
              • Exhibit 150: Kinze Manufacturing Inc. - Product / Service
              • Exhibit 151: Kinze Manufacturing Inc. - Key offerings
            • 12.11 Kovai Classic Industries
              • Exhibit 152: Kovai Classic Industries - Overview
              • Exhibit 153: Kovai Classic Industries - Product / Service
              • Exhibit 154: Kovai Classic Industries - Key offerings
            • 12.12 Kubota Corp.
              • Exhibit 155: Kubota Corp. - Overview
              • Exhibit 156: Kubota Corp. - Business segments
              • Exhibit 157: Kubota Corp. - Key news
              • Exhibit 158: Kubota Corp. - Key offerings
              • Exhibit 159: Kubota Corp. - Segment focus
            • 12.13 Mahindra and Mahindra Ltd.
              • Exhibit 160: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 161: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 162: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 163: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 164: Mahindra and Mahindra Ltd. - Segment focus
            • 12.14 ROSTA AG
              • Exhibit 165: ROSTA AG - Overview
              • Exhibit 166: ROSTA AG - Product / Service
              • Exhibit 167: ROSTA AG - Key offerings
            • 12.15 Shandong Heavy Industry Group Co. Ltd.
              • Exhibit 168: Shandong Heavy Industry Group Co. Ltd. - Overview
              • Exhibit 169: Shandong Heavy Industry Group Co. Ltd. - Product / Service
              • Exhibit 170: Shandong Heavy Industry Group Co. Ltd. - Key offerings
            • 12.16 Summit Steel and Manufacturing Inc.
              • Exhibit 171: Summit Steel and Manufacturing Inc. - Overview
              • Exhibit 172: Summit Steel and Manufacturing Inc. - Product / Service
              • Exhibit 173: Summit Steel and Manufacturing Inc. - Key offerings
            • 12.17 Trimble Inc.
              • Exhibit 174: Trimble Inc. - Overview
              • Exhibit 175: Trimble Inc. - Business segments
              • Exhibit 176: Trimble Inc. - Key offerings
              • Exhibit 177: Trimble Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: 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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              agriculture equipment market market

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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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