Agriculture Equipment Market Size 2022 with 4.3% CAGR

Jul 13, 2023

Agriculture Equipment Market is estimated to maximum a healthy market growth at a healthy CAGR of 4.3%. According to our latest research, The global Agriculture Equipment market size is projected to reach USD 151440 million by 2027, from USD 112790 million in 2020.

Agricultural machinery is machinery used in farming or other agriculture. There are many types of such equipment including tractors, Harvesters, planting, seeding and tillage equipment, etc.

The global Agriculture Equipment market is relatively scatted. There are large multinational enterprises and small local players scatted all around the world. John Deere, CNH Industrial, Kubota, AGCO, Claas captured the top five global revenue share spots in the Agriculture Equipment market in 2018, accounting for 41.10 percent revenue share. LOVOL is the largest player in China. The market segment by five types: Wheel Drive Tractors, Crawler Tractors, Harvesters, Sprayers and other. Wheel Drive Tractors is the dominated type, accounting for about 58.74% sales market share in 2018.
Market Analysis and Insights: Global Agriculture Equipment Market

The global Agriculture Equipment market size is projected to reach USD 151440 million by 2027, from USD 112790 million in 2020, at a CAGR of 4.3% during 2021-2027.

Who are some of the Top Manufacture operating in the Agriculture Equipment market and how high is the competition 2022?

John Deere
CNH Industrial
Kubota
AGCO
Claas
Yanmar
Mahindra
LOVOL
SDF
JCB
TAFE
YTO Group
Exel Industries
Jiangsu Wode Group
ISEKI
Rostselmash
Wuzheng
Dongfeng farm
Shandong Shifeng
Zoomlion

The most important types of Agriculture Equipment products are:

Wheel Drive Tractors
Crawler Tractors
Harvesters
Sprayers
Others

The most widely used downstream fields of the Agriculture Equipment market are:

Plowing
Sowing
Plant Protection and Fertilizing
Harvesting and Threshing
Others