Farm Equipment Market Share, Trends & Forecast by 2034

Farm Equipment Market Outlook from 2024 to 2034

The farm equipment market is valued at US$ 114.6 billion in 2024 and is expected to reach US$ 194.0 billion by 2034. Sales of farm equipment are projected to rise at a CAGR of 5.40% over the forecast period.

Attributes	Key Statistics
Farm Equipment Market Value (2024)	US$ 114.6 billion
Anticipated Market Value (2034)	US$ 194.00 billion
Estimated Growth (2024 to 2034)	5.40% CAGR

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Key Market Drivers

The farm equipment market generated an estimated revenue of US$ 82 billion in 2019. In four years, the market grew at a pace of 7.10% and added revenue of US$ 25.70 billion. Several reasons can be attributed to this growth:

Increased adoption of precision agriculture technologies using GPS, sensors, drones, and data analytics to optimize inputs such as water, fertilizers, and pesticides
Expansion of commercial farming operations, requiring more advanced and larger machinery to manage extensive acreage efficiently
Government incentives and subsidies for agricultural mechanization, encouraging farmers to invest in modern equipment to boost agricultural productivity, ensure food security, and support rural economies
Ongoing technological advancements in farm equipment, such as more powerful engines, better ergonomics, improved automation, and enhanced connectivity
Growing awareness of sustainability and environmental concerns about environmental degradation, climate change, and resource depletion pushing farmers to adopt eco-friendly farming practices
Expansion of agricultural land to meet increasing demand in emerging economies such as India, China, Brazil, Indonesia, etc.
Rising global population driving demand for efficient food production, necessitating greater investment in modern farm equipment

Consumption Analysis of the Farm Equipment Market

The agriculture sector is increasingly adopting farm equipment, especially for farmers who operate extensive acreage. These farmers require heavy-duty machinery for planting, cultivating, harvesting, and other tasks.
Sales of farm equipment are also growing among smaller farmers. Agriculturists in this group use basic equipment such as tractors, tillers, and harvesters to manage their crops efficiently.
Increasing demand for farm equipment from contract farmers who work on contracts for larger agricultural companies or cooperatives as they rely on these machines for various applications.
Livestock farmers also incorporate farm equipment, such as feeding systems, barn cleaners, and milking machines, into their daily activities to manage their operations effectively.
The growing adoption of farm equipment is also observed in government entities responsible for maintaining public lands, managing forests, or conducting research for land management and conservation purposes.
Sales of farm equipment are also touching the skies among individuals with small hobby farms or gardening interests. This consumer group uses basic farming equipment to manage their lands and crops.

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Factors Adversely Affecting the Farm Equipment Market

The market is anticipated to surpass a valuation of US$ 194.00 billion, expanding at a 5.40% CAGR through 2034. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:

The upfront cost associated with advanced and sophisticated farm equipment is very high. This keeps a substantial number of farmers in underdeveloped and developing countries away from the market.
Agricultural activities are heavily dependent on weather conditions and seasonal fluctuations. This significantly affects the income of the farmers and their ability to invest in new equipment during periods of economic uncertainty.
Operating and maintaining modern farm equipment requires specialized skills and training. Shortage of skilled labor in rural areas can considerably hinder the adoption of advanced machinery and technologies.
Emerging technologies, such as robotics, artificial intelligence, and vertical farming, can also restrict sales of farm equipment.

Category-wise Insights

Farmers Increasingly Prefer Low Horsepower Motors for Agricultural Activities

Depending on the power output, the farm equipment market is bifurcated into < 30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP. The <30 HP segment is anticipated to grow at a CAGR of 5.20% through 2034.

The demand for low-horsepower motors (<30 HP) is skyrocketing among farmers as they come at a lower initial cost compared to higher horsepower models, making them more affordable for small-scale farmers or those with limited budgets.
These motors are also more versatile and maneuverable, allowing farmers to work in tight spaces or navigate rough terrain more easily, especially in smaller farms or orchards
Agriculturists also prefer low-horsepower motors as they tend to consume less fuel, which can result in significant cost savings over time

Attributes	Details
Top Power Output	<30 HP
CAGR (2024 to 2034)	5.20%

Two-wheel Drive Farming Equipment Gaining Popularity among Small Farmers

The farm equipment market is categorized by drive type into two-wheel drive and four-wheel drive. The two-wheel drive segment dominates the market and is anticipated to grow at a CAGR of 5.00% through 2034.

Just like low-horsepower motors, two-wheel drive equipment comes at a lower cost compared to four-wheel drive counterparts, making it more accessible to small-scale farmers with limited financial resources.
The demand for these films is also touching the skies as they are generally simpler in design and have fewer components, resulting in easier maintenance and lower repair costs for farmers.

Attributes	Details
Top Drive Type	Two-wheel Drive
CAGR (2024 to 2034)	5.00%

Country-wise Insights

The section provides an analysis of the farm equipment market by country, including Japan, China, the United States, South Korea, and the United Kingdom. The table presents the CAGRs for each country through 2034.

Countries	CAGR (2024 to 2034)
South Korea	7.40%
Japan	6.90%
United Kingdom	6.60%
China	5.90%
United States	5.70%

Farm Equipment Market in South Korea

South Korea is one of the leading countries in the market. The South Korean farm equipment market is anticipated to retain its dominance by progressing at a CAGR of 7.40% until 2034.

South Korea's government provides subsidies and incentives to promote agricultural modernization and increase farm productivity. These initiatives encourage farmers to invest in advanced farm equipment and technology, driving market growth in the country.
Besides this, the country is also experiencing growth in farmer population. This naturally generates a need for labor-saving machinery and equipment to maintain agricultural productivity.

Farm Equipment Market in Japan

Japan also dominates the farm equipment market. The Japanese farm equipment market is anticipated to retain its dominance by progressing at an annual growth rate of 6.90% through 2034.

Similar to South Korea, Japan faces challenges related to an aging farming population and a declining farm labor force. This is why, there's a strong demand for labor-saving machinery and automation technologies to sustain agricultural production.
Japan is also known for its technological innovation in the agriculture sector. Companies in the country are continuously coming up with new features, such as GPS-guided tractors and drones for crop monitoring, spurring the demand for high-tech farm equipment among Korean farmers.

Farm Equipment Market in the United Kingdom

The United Kingdom, too, dominates the farm equipment market in the international marketplace. The United Kingdom farm equipment market is anticipated to exhibit an annual growth rate of 6.60% through 2034.

Farm consolidation trends in the United Kingdom have resulted in larger farms with greater acreage. This has increased the demand for larger and more advanced farm machinery to manage operations efficiently and maximize productivity.
Due to Brexit, there's a renewed focus on domestic food production and self-sufficiency in the UK. This has pushed significant investments in the agriculture sector from both, the private and public sectors to modernize farming infrastructure and equipment to enhance domestic agricultural capacity and reduce reliance on imports.

Farm Equipment Market in China

China is also one of the leading countries in the global farm equipment market, which is anticipated to register a CAGR of 5.90% through 2034.

Over the last few decades, the Chinese government has been actively promoting agricultural mechanization to increase productivity, reduce labor costs, and alleviate rural poverty. This has increased the adoption of farm equipment in the country.
The country has also seen a substantial plunge in the farming population due to rapid migration, industrialization, and urbanization. This has driven the need for labor-saving machinery and equipment to maintain agricultural output.

Farm Equipment Market in the United States

The United States, too, leads the farm equipment market. Over the next ten years, the demand for farm equipment is projected to rise at a 5.70% CAGR.

The United States is considered a leader in agricultural technology development. Companies in the United States always innovate by bringing new features to farm equipment, augmenting the adoption among the farmers.
The majority of farm equipment in the States is aging. This has generated excellent opportunities for farm equipment manufacturers to tap into the United States market. Active promotion, collaboration, and marketing have elevated the adoption rates in the country.

Competitive Landscape

The market for farm equipment is filled with numerous players that cater to small as well as large farmers. Prominent companies in the market include John Deere, AGCO Corporation, CNH Industrial, Kubota Corporation, Mahindra & Mahindra Limited, Claas KGaA mbH, SDF Group, Escorts Group, Yanmar Co., Ltd., and Deutz-Fahr.

These companies offer a wide range of farm equipment and machinery, including tractors, harvesters, implements, and precision agriculture technologies, catering to the diverse needs of farmers. Government bodies also collaborate with these companies to provide affordable yet effective farming equipment to farmers with low per capita income.

Recent Developments

In January 2024, John Deere and Corteva partnered to provide farmers with customized agronomic solutions. The collaboration streamlined access to Corteva's agronomic recommendations through the John Deere Operations Center, merging Deere's digital capabilities with Corteva's agricultural expertise.
In December 2023, XING Mobility received investment from Kubota Corporation. This strategic investment accelerates Kubota’s roadmap toward machinery electrification, promoting sustainability in agriculture and beyond. It also enables XING Mobility to expedite the development of immersion cooling battery systems.
In January 2024, CNH Industrial announced that its engine plant in Noida would commence commercial production of Tier-IV and Trem-V engines by September-October. The plant, aiming to bolster off-road construction and agriculture sectors, signaled a significant milestone for the company's operations.

Key Companies in the Market

John Deere
AGCO Corporation
CNH Industrial
Kubota Corporation
Mahindra & Mahindra Limited
Claas KGaA mbH
SDF Group (Same Deutz-Fahr)
Escorts Group
Yanmar Co., Ltd.
Deutz-Fahr
Massey Ferguson
New Holland Agriculture
Case IH
JCB
Fendt
Valtra
Kuhn Group
McCormick Tractors
Challenger
Landini Tractors

Market Segmentation

By Power Output:

<30 HP
31-70 HP
71-130 HP
131-250 HP
>250 HP

By Drive Type:

Two-wheel drive
Four-wheel drive

By Equipment Type:

Tractors
Combines
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe

Frequently Asked Questions

How Big is the Farm Equipment Market in 2024?

The farm equipment market is expected to be worth US$ 114.60 billion in 2024.

What is the Sales Forecast for Farm Equipment through 2034?

The market is expected to reach a valuation of US$ 194.00 billion by 2034.

At What Rate is the Market Growing over the Forecast Period?

The market is expected to rise at a CAGR of 5.40% from 2024 to 2034.

Which are the Key Manufacturing Companies for Farm Equipment?

John Deere, AGCO Corporation, CNH Industrial, Kubota Corporation, Mahindra & Mahindra Limited are some of the major players in the market for farm equipment.

What was the Farm Equipment Market Valuation in 2023?

The valuation for the farm equipment market was US$ 107.7 billion in 2023.

Table of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Output
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Output, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Output, 2024 to 2034
5.3.1. <30 HP
5.3.2. 31-70 HP
5.3.3. 71-130 HP
5.3.4. 131-250 HP
5.3.5. >250 HP
5.4. Y-o-Y Growth Trend Analysis By Power Output, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Power Output, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Drive Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Drive Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Drive Type, 2024 to 2034
6.3.1. Two-wheel drive
6.3.2. Four-wheel drive
6.4. Y-o-Y Growth Trend Analysis By Drive Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Drive Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Equipment Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Equipment Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Equipment Type, 2024 to 2034
7.3.1. Tractors
7.3.2. Combines
7.3.3. Others
7.4. Y-o-Y Growth Trend Analysis By Equipment Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Equipment Type, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Power Output
9.2.3. By Drive Type
9.2.4. By Equipment Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Power Output
9.3.3. By Drive Type
9.3.4. By Equipment Type
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Rest of Latin America
10.2.2. By Power Output
10.2.3. By Drive Type
10.2.4. By Equipment Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Power Output
10.3.3. By Drive Type
10.3.4. By Equipment Type
10.4. Key Takeaways
11. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. UK
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Power Output
11.2.3. By Drive Type
11.2.4. By Equipment Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Power Output
11.3.3. By Drive Type
11.3.4. By Equipment Type
11.4. Key Takeaways
12. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Power Output
12.2.3. By Drive Type
12.2.4. By Equipment Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Power Output
12.3.3. By Drive Type
12.3.4. By Equipment Type
12.4. Key Takeaways
13. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Power Output
13.2.3. By Drive Type
13.2.4. By Equipment Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Power Output
13.3.3. By Drive Type
13.3.4. By Equipment Type
13.4. Key Takeaways
14. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Power Output
14.2.3. By Drive Type
14.2.4. By Equipment Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Power Output
14.3.3. By Drive Type
14.3.4. By Equipment Type
14.4. Key Takeaways
15. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Power Output
15.2.3. By Drive Type
15.2.4. By Equipment Type
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Power Output
15.3.3. By Drive Type
15.3.4. By Equipment Type
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Power Output
16.1.2.2. By Drive Type
16.1.2.3. By Equipment Type
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Power Output
16.2.2.2. By Drive Type
16.2.2.3. By Equipment Type
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Power Output
16.3.2.2. By Drive Type
16.3.2.3. By Equipment Type
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Power Output
16.4.2.2. By Drive Type
16.4.2.3. By Equipment Type
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Power Output
16.5.2.2. By Drive Type
16.5.2.3. By Equipment Type
16.6. Germany
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Power Output
16.6.2.2. By Drive Type
16.6.2.3. By Equipment Type
16.7. Italy
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Power Output
16.7.2.2. By Drive Type
16.7.2.3. By Equipment Type
16.8. France
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Power Output
16.8.2.2. By Drive Type
16.8.2.3. By Equipment Type
16.9. UK
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Power Output
16.9.2.2. By Drive Type
16.9.2.3. By Equipment Type
16.10. Spain
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Power Output
16.10.2.2. By Drive Type
16.10.2.3. By Equipment Type
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Power Output
16.11.2.2. By Drive Type
16.11.2.3. By Equipment Type
16.12. BENELUX
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Power Output
16.12.2.2. By Drive Type
16.12.2.3. By Equipment Type
16.13. China
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Power Output
16.13.2.2. By Drive Type
16.13.2.3. By Equipment Type
16.14. Japan
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Power Output
16.14.2.2. By Drive Type
16.14.2.3. By Equipment Type
16.15. South Korea
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Power Output
16.15.2.2. By Drive Type
16.15.2.3. By Equipment Type
16.16. India
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Power Output
16.16.2.2. By Drive Type
16.16.2.3. By Equipment Type
16.17. Thailand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Power Output
16.17.2.2. By Drive Type
16.17.2.3. By Equipment Type
16.18. Malaysia
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Power Output
16.18.2.2. By Drive Type
16.18.2.3. By Equipment Type
16.19. Indonesia
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Power Output
16.19.2.2. By Drive Type
16.19.2.3. By Equipment Type
16.20. Australia
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Power Output
16.20.2.2. By Drive Type
16.20.2.3. By Equipment Type
16.21. New Zealand
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Power Output
16.21.2.2. By Drive Type
16.21.2.3. By Equipment Type
16.22. GCC Countries
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Power Output
16.22.2.2. By Drive Type
16.22.2.3. By Equipment Type
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Power Output
17.3.3. By Drive Type
17.3.4. By Equipment Type
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. ARGO SpA
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. AGCO Corp
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Foton Lovol International Heavy Industries Company Ltd
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Kuhn Group
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Kubota Tractor Corp
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Mahindra & Mahindra Ltd.
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Landini
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Netafim Limited
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Valmont Industries Incorporated
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Alamo Group Incorporated
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology

Farm Equipment Market

Farm Equipment Market Forecast by Two-wheel and Four-wheel Drive from 2024 to 2034