PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755832
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1755832
Global Farm Equipment Market Introduction and Overview
According to SPER market research, 'Global Farm Equipment Market Size- By Product, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Farm Equipment Market is predicted to reach USD 296.42 billion by 2034 with a CAGR of 5.53%.
Farm equipment refers to devices and tools used throughout the agricultural cycle to improve efficiency, reduce manual labour, and boost productivity. It includes tractors, ploughs, speeders, harvesters, sprayers, irrigation systems, and more. These tools are useful at every stage of farming, from land preparation and planting to crop care, harvesting, and post-harvest processing.
Restraints: The farm equipment market has a variety of obstacles that limit its growth. Modern machinery is out of reach for small and marginal farmers, particularly in developing countries, due to the hefty initial investment and maintenance requirements. Limited credit and financing options further restrict equipment adoption. Furthermore, fragmented land holdings reduce the economic sustainability of using large machinery.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Application
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
AGCO Corporation, FlieglAgro-Center GmbH, APV GmbH, Bellota Agrisolutions, CLAAS KGaA mbH, CNH Industrial N.V, Deere & Company, Escorts Limited, HORSCH Maschinen GmbH, ISEKI & Co., Ltd.
Global Farm Equipment Market Segmentation:
By Product: Based on the Product, Global Farm Equipment Market is segmented as Tractors, Combine Harvesters, Forage Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment.
By Application: Based on the Application, Global Farm Equipment Market is segmented as; Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro processing.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.