농업기계 시장 규모, 점유율, 성장 분석 : 제품별, 용도별, 지역별 - 산업 예측(2024-2031년)

Global Agriculture Equipment Market size was valued at USD 155.68 billion in 2022 and is poised to grow from USD 163.46 billion in 2023 to USD 253.59 billion by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).

The agricultural equipment market is witnessing significant shifts driven by heightened demand for tractors, harvesters, and planters, impacting inventory levels for Original Equipment Manufacturers (OEMs) and their dealers. This surge in demand has been accompanied by a global shortage of semiconductors and increased costs for essential raw materials, such as steel and aluminum, complicating production processes. The Association of Equipment Manufacturers (AEM) forecasts the sale of nearly 360,000 tractors and combines from dealer inventories in North America for 2021, with both the U.S. and Canada experiencing robust growth in unit sales. In fact, 2019 marked a peak year, with sales of agricultural tractors and combines rising by over 10% across various sectors. More recently, there was a 0.3% rise in U.S. farm tractor sales compared to December 2020, while self-propelled combine sales surged by an impressive 25.3%. The previous year's data highlights an overall increase of 10.3% for tractors and 24.7% for combines. Notably, sub-40 horsepower tractors exhibited a modest growth of 8.9%, positioning them as the only category with growth rates below 10% in the North American market. As the ag equipment industry navigates these challenges and opportunities, understanding market dynamics and adapting strategies will be crucial for stakeholders in sustaining growth and meeting evolving agricultural needs.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Agriculture Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Agriculture Equipment Market Segmental Analysis

Global Agriculture Equipment Market is segmented by Product, by Application, and by Region. Based on Product, the market is segmented into Tractors, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, and Others. Based on Application, the market is segmented into Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, and Post-harvest & Agro-processing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Agriculture Equipment Market

The Global Agriculture Equipment market is significantly influenced by various government initiatives aimed at enhancing the efficiency of soil preparation and cultivation. These initiatives often include reduced import tariffs, low-interest loans, and additional supportive measures designed to facilitate access to agricultural equipment. Financial institutions, such as banks and microfinance organizations, have emerged to provide easier loan access for purchasing farming machinery. For instance, John Deere's "Own It" program allows consumers to acquire essential equipment with manageable monthly payments. Furthermore, entities like the US Farm Service Agency (FSA) play a vital role by offering loans to farmers who have difficulty securing commercial financing, thus contributing to the sustainable growth of the agricultural sector.

Restraints in the Global Agriculture Equipment Market

The Global Agriculture Equipment market faces significant restraints primarily due to rapid urbanization in both developed and developing countries, which has resulted in the declining availability of land for agricultural use and efficient plowing. This reduction in arable land-decreasing from 38.9% in 1989 to 36.9% in 2018, as reported by the World Bank-hinders the growth of the sector. Furthermore, the rising costs associated with retaining skilled labor exacerbate these challenges. A forthcoming United Nations Convention report predicts that urbanization may lead to the loss of between 1.6 and 3.3 million hectares of prime agricultural land annually between 2000 and 2030, further restricting the market's expansion.

Market Trends of the Global Agriculture Equipment Market

The Global Agriculture Equipment market is experiencing significant growth driven by the integration of advanced technologies, including IoT, AI, GPS, and drones. These innovations enable farmers to optimize operational efficiency, reduce costs, and enhance productivity through automation and data-driven insights. Manufacturers are actively evolving their product offerings to meet the rising demand for smart agricultural solutions that simplify management and improve yield. The growing emphasis on sustainable practices and precision farming further propels market expansion as stakeholders seek to leverage technology for better resource management, ultimately reshaping the agricultural landscape and positioning the sector for robust growth in the coming years.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Case Study Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Raw Material Analysis
• Supply Chain Analysis

Global Agriculture Equipment Market Size by Product & CAGR (2024-2031)

• Tractors
  • Less than 40 HP
  • 41 to 100 HP
  • More than 100 HP
• Harvesters Machinery
• Planting Equipment
  • Row Crop Planters
  • Air Seeders
  • Grain Drills
  • Others
• Irrigation & Crop Processing Equipment
• Spraying Equipment
• Hay & Forage Equipment
• Others

Global Agriculture Equipment Market Size by Application & CAGR (2024-2031)

• Land Development & Seed Bed Preparation
• Sowing & Planting
• Weed Cultivation
• Plant Protection
• Harvesting & Threshing
• Post-harvest & Agro-processing

Global Agriculture Equipment Market Size by Region & CAGR (2024-2031)

• North America, (by Product, by Application)
  • US
  • Canada
• Europe, (by Product, by Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (by Product, by Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (by Product, by Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (by Product, by Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• AGCO Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• FlieglAgro-Center GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bellota Agrisolutions
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CLAAS KGaAmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CNH Industrial N.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Deere & Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Escorts Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• HORSCH Maschinen GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ISEKI & Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• J C Bamford Excavators Ltd
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Quivogne CEE GmbH (Kiwon RUS LLC)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rostselmash
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KRUKOWIAK
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KUBOTA Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KUHN SAS
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LEMKEN GmbH & Co. KG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mahindra & Mahindra Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MascarSpA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MaschioGaspardo S.p.A
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation