Industry Analysis

CRI Report: powered agriculture equipment market is projected to reach $73.32 billion by 2026

The global powered agriculture equipment market is projected to reach $73.32 billion by 2026, reveals the premium market intelligence study by Our Research Team. The study also highlights that the market is set to witness a CAGR of 5.02% during the period 2022-2026.

The powered agriculture equipment market encompasses a wide array of solutions such as tractors, combines, planters, sprayers, and other equipment such as tilling equipment, haymaking equipment, and balers. Farmers across the globe are increasingly adopting powered agriculture equipment to improve yield, soil fertility, operational efficiency, and profitability.

The powered agriculture market includes agricultural machinery manufacturers that provide vertically integrated farm equipment solutions.

USP of the Report

This extensive report on global powered agriculture equipment market will help you with:

• This report covers major regions associated with the powered agriculture equipment market.
• Extensive competitive benchmarking of the top 25 players has been done to offer a holistic view of the global powered agriculture market landscape.

According to Rakhi Tanwar, Principal Analyst, Our Research Team, “The powered agriculture market is the growing requirement of autonomous agriculture equipment is expected to promote research and product development of artificial intelligence in this market. Encouragement of farm mechanization by the government by subsidizing the purchase of equipment and promoting bulk purchasing through front-end agencies has rapidly increased. Various governments across the globe have started offering credit and financial solutions to the farmers to aid local manufacturing of powered agriculture equipment.”

Key Companies Operating in the Market

Some of the key players operating in the market Kubota Corporation, AGCO Corporation, Deere & Company, CLAAS Group, CNH Industrial N.V., ISEKI & CO. Ltd., Robert Bosch GmbH, Mahindra & Mahindra Ltd., Trimble Inc., SDF Group, Parrot S.A., Harvest Automation, PrecisionHawk Inc., Tirth Agro Technology Private Limited, Kinze Manufacturing, Yanmar Holdings Co. Ltd., ZETOR Tractors., among others.

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (holding 50-60% of the market), mid-segment players (comprising 30-40% share), and small and emerging companies (holding the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the Powered Agriculture industry.

Key Questions Answered in the Report

• What is the estimated global powered agriculture market size in terms of revenue for the forecast period 2022-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2022-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to powered agriculture and equipment?
• What are the major restraints inhibiting the growth of the global powered agriculture equipment market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the powered agriculture equipment market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key powered agriculture equipment companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue each of the segments is expected to record during the forecast period along with the growth percentage, in the following segments:
o Equipment including tractor, combine harvester, planter, sprayer, other equipment
o Application, including pre/post harvesting, sowing and planting, spraying and fertilizing, other applications
o Region, including North America, the U.K., Europe, Asia-Pacific, China, the Middle East and Africa, and South America
• Which type of players and stakeholders are operating in the market ecosystem of powered agriculture equipment, and what is their significance in the global market?
• Which are the leading consortiums and associations in the global powered agriculture equipment market, and what are their roles in the market?
• How does the regulatory landscape differ in different regions for powered agriculture equipment?
Buy the report: Global Powered Agriculture Equipment Market: Focus on Equipment, Application, and Country Analysis – Analysis and Forecast, 2019-2026

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