U.S to Flourish At A CAGR Of 5% With Respect To Agriculture Equipment Sales Through 2032

According to
a recent Fact.MR report, demand for
agricultural equipment is expected to grow at a CAGR of 4% in terms of
value over the assessment period. Additionally, the survey predicts that by the
end of 2032, the market for agricultural equipment will likely surpass US$
237.08 Bn.


equipment sales grew at a CAGR of 4.9% from 2015 to 2021, reaching a market
value of US$ 154 billion. Prospects slightly worsened during the COVID-19
epidemic because lockdowns and restrictions on manufacturing activities threw
off the demand-supply equilibrium. The removal of limitations and a decrease in
the severity of the infection helped to eventually end the recession.


For More Insights into the Market, Request
a Sample of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7120


Over the
forecast period, a lack of workers will be a major factor in driving the use of
agricultural equipment, notably in Western Europe and the United States. The
growing population to fulfil the world’s food needs will also be a major
driver, driving up demand in the long run, in addition to developments in the
agricultural equipment space and manpower shortages.


Report Attributes


Equipment Market Size (2022)

US$ 160.16

Forecast for Agriculture Equipment (2032)

US$ 237.08

Market Growth Rate (2022 to 2032)




Important conclusions from the market study

In 2020, tractors accounted for a sizable share
of the entire market, which is anticipated to grow to more than US$ 80 Bn by

Due to the significance of harvesting and
threshing in farming, the segment accounts for nearly 20% of total revenue.

Agriculture equipment sales in the U.S. will
grow at a CAGR of 5% through 2032, while sales in MEA will soar at a CAGR of 2%
to reach over US$ 10 Bn in 2022 and beyond.

By the end of 2022, the global market for
agricultural equipment will be worth US$ 160.16 billion.


Request More Information about Report
Methodology: https://www.factmr.com/connectus/sample?flag=RM&rep_id=7120


Competitive Environment

innovation and strategic mergers and acquisitions have transformed the
competitive environment of the market for agriculture equipment. To take
advantage of lucrative opportunities in developing nations, front-runners are
focusing capacity improvements and global footprint development.


CLAAS KGaAmbH purchased a minority share in the
Dutch startup AgXeed B.V. in May 2021. The transaction was made with the goal
of creating and marketing autonomous farming equipment.

In an effort to expand its client base, John
Deere unveiled the new 6155MH Tractor in August 2021. This tractor offers
dependability and all the performance that has been field-tested like the M


Key Companies Profiled

AGCO Corporation

Escorts Group


ISEKI & Co. Ltd.


Bellota Agrisolutions


CNH Industrial N.V

Deere & Company


For In-Depth Competitive Analysis, Buy now:


Key Market Segments in the Research of
Agriculture Equipment


Product Outlook

Agriculture Tractors
Agriculture Harvesters
Agriculture Planting

Row Crop Planters
Air Seeders
Grain Drills

Irrigation & Crop
Processing Equipment
Agriculture Spraying
Hay & Forage Equipment
Other Agriculture



Agriculture Equipment for
Land Development & Seed Bed Preparation
Agriculture Equipment for
Sowing & Planting
Agriculture Equipment for
Weed Cultivation
Agriculture Equipment for
Plant Protection
Agriculture Equipment for
Harvesting & Threshing
Agriculture Equipment for
Post-Harvest & Agro-Processing

* This article was originally published here