Powered Agriculture Machinery & Equipment Market Technologies 2023, Industry Growth, Size, Regions, Demands, Top Player Analysis and Future Outlook 2030

Powered Agriculture Equipment Market Research Insights

According to MRFR analysis, the global Powered Agriculture Equipment market is expected to register a CAGR of ~ 5% from 2022 to 2030 and hold a value of over USD 115 Billion by 2027.

Powered agriculture equipment refers to a range of machinery and equipment that is used in agricultural operations and is powered by a motor or engine. This can include tractors, harvesters, plows, and other types of equipment that are used to plant, cultivate, and harvest crops. Powered agriculture equipment can help to improve efficiency and productivity in agriculture, and it is an important part of modern farming practices.

The COVID-19 pandemic may have had a variety of impacts on the powered agriculture equipment industry. The demand for agricultural products may have increased as people around the world stocked up on food and other supplies in response to the pandemic. This could potentially lead to an increase in demand for powered agriculture equipment, as farmers may have needed to ramp up production to meet this demand.

Market Growth Driving Factors

• New product launches and R&D Amongst major key Players
• Rigorous practice of advanced agricultural practices.

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Future Technologies

The agriculture tools industry is under constant pressure to produce agricultural products to cater to the growing population, forcing farmers to focus on efficiency and productivity to drive business growth. Precision farming, as an alarming market concept is becoming common among farmers who want to produce more with limited resources.

Powered Agriculture Equipment Market Key Players

Some of the key market players are

• GCO Corporation
• John Deere & Co.
• Mahindra & Mahindra Ltd
• CNH Industrial
• Kubota Corporation
• CLAAS Group
• Alamo Group Inc.
• Escorts Group
• Iseki & Co. Ltd
• SDF S.P.A.

Powered Agriculture Equipment Market Segmentation

The Global Powered Agriculture Equipment market has been segmented into types.

By Power Output:

• 250 HP

By drive type.

• Two-wheel
• Four-wheel

By function.

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others

By equipment type

• Tractors
• Combines
• Sprayers
• Balers
• Others

By propulsion

• Battery Electric
• Hybrid Electric

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Powered Agriculture Equipment Market Regional Analysis

The market for powered agriculture equipment in Asia Oceania is expected to grow significantly in the next few years, driven by factors such as increasing containerized transportation, rising Gross Domestic Product (GDP), infrastructure investments, and growing per capita income. Additionally, government initiatives for FDI in the region are creating more opportunities for the farming business, further boosting the demand for farm tractors. As a result, Asia Oceania is expected to lead the global farm tractor market during the forecast period.

1 Executive Summary

2 Introduction

2.1 Definition 13

2.2 Scope Of The Study 13

2.3 Assumptions 13

2.4 Market Structure 14

3 Research Methodology

3.1 Research Process 15

3.2 Primary Research 16

3.3 Secondary Research 16

3.4 Market Size Estimation 16

3.5 Forecast Model 18

4 Market Dynamics

4.1 Drivers 20

4.1.1 Growth In Agriculture Sector 20

4.1.2 Rise In Global Population 20

4.1.3 Easy Credit And Subsidies Availability In Asian Markets 21

4.1.4 Rising Demand For Advanced Agricultural Machinery 22

4.2 Restraints 22

4.2.1 Fluctuating Weather Conditions & Farming Calendars 22

4.2.2 Dynamic Economic Environment 23

4.2.3 High Cost Of Machinery 24

4.3 Opportunities 25

4.3.1 Improved Credit Availability 25

4.3.2 Government Subsidies 25

Continue…

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