Global Powered Agriculture Equipment Market: Focus on Equipment, Application, and Country Analysis - Analysis and Forecast, 2019-2026

Publish Date: Jan 2022

Report Code: BIS155C

Publisher: BIS Research

Single User License: $5250

Explore Our Services

Already a member? Login here.

Report Highlights

Global Powered Agriculture Equipment Market to Reach $73.32 Billion by 2026

Market Report Coverage - Powered Agriculture Equipment

Market Segmentation

  • Equipment Type: Tractor, Combine Harvesters, Planters, Sprayers, and Other Equipment
  • Application: Harvesting, Sowing and Planting, Spraying and Fertilizing, and Other Applications

Regional Segmentation

  • North America: U.S., Canada, and Mexico
  • Europe: Germany, France, Italy, Spain, and Rest-of-Europe
  • U.K.
  • Middle East and Africa
  • China
  • Asia-Pacific: India, Japan, South Korea, Australia, and Rest-of-Asia-Pacific
  • South America: Brazil, Argentina, and Rest-of-South America

Market Growth Drivers

  • Rising Global Food Insecurity
  • Rising Demand for Autonomous Equipment
  • Increasing Government Initiatives for Sustainable Food Production

Market Challenges

  • High Initial Investment Cost
  • Lack of Technical Knowledge and Awareness

Market Opportunities

  • Rising Opportunities in Developing Countries
  • Adoption of Drones and Robots in Agriculture
  • Integration of GIS in Agriculture Technology

Key Companies Profiled

Deere & Company, Kubota Corporation, AGCO Corporation, AeroVironment, Inc., CLAAS Group, CNH Industrial N.V., ISEKI & CO., LTD., Mahindra & Mahindra Ltd., Robert Bosch GmbH, Trimble Inc., SDF Group, Parrot SA, Harvest Automation, PrecisionHawk Inc., Tirth Agro Technology Private Limited, Kinze Manufacturing, Tractors and Farm Equipment Limited, Yanmar Holdings Co., Ltd, ZETOR TRACTORS a.s.

How This Report Can Add Value

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.

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of equipment for the powered agriculture industry and their potential globally. Moreover, the study provides the reader a detailed understanding of the operation of different equipment (i.e., tractors, combine harvesters, planter, sprayer, and others.).

Recent Developments in Powered Agriculture Equipment Market

  • In September 2021, Deere & Company acquired the Brazilian-based private company in business for sugarcane harvesters.
  • In September 2021, Deere & Company acquired the bear flag robotics to accelerate autonomous technology.
  • In February 2021, AeroVironment, Inc. had acquired Arcturus UAV, so as to accelerate and expand the UAS market segment.
  • In February 2021, AeroVironment, Inc. acquired the ISG from Progeny Systems Corporation that works in artificial intelligence, machine learning, and autonomy technologies.

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:
    • Equipment including tractor, combine harvester, planter, sprayer, other equipment
    • Application, including pre/post harvesting, sowing and planting, spraying and fertilizing, other applications
    • 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?

Powered Agriculture Equipment

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.

The growth of the powered agriculture equipment market has been considerably extensive. However, there is still a significant share of the population unaware of the numerable benefits of these equipment and the extent of government support to the agriculture industry. In the past two decades, next-generation agriculture techniques and technologies have also been adopted by farmers across the globe to increase crop yield, shrink wastage, and ensure food security.

Powered Agriculture Equipment Market Overview

The global powered agriculture market was valued at $57.39 billion in 2021, which is expected to grow with a CAGR of 5.02% and reach $73.32 billion by 2026.

Impact of COVID-19

As the COVID-19 pandemic forces countries to close their borders, the agricultural sectors are facing major challenges. Even in regions and countries that are unlikely to face food crisis, such as those in North America and Europe, there is also a lack of labor as new challenges keep unskilled workers out. Also, COVID-19 travel restrictions across countries have led to an immediate shortage of seasonal farm labor due to the COVID-19 pandemic. This has had a heavy impact, especially in the ongoing harvest season and the upcoming planting season across the world.

Market Segmentation

Powered Agriculture Equipment by Equipment Type

The powered agriculture equipment comprises a wide range of solutions such as tractors, sprayers, planters, combines, and other equipment such as balers and tilling equipment. Farm tractors account for the largest share in the market, followed by combine harvesters, planters, and sprayers, in that order in 2021. The adoption of powered agriculture equipment is increasing among farmers to improve yield, operational efficiency, soil fertility, and profitability.

Powered Agriculture Equipment by Region

In 2021, Asia-Pacific and Japan led the global powered agriculture equipment market, with a large market concentration in India. Trends such as high population growth, increasing disposable incomes, and booming urbanization in the Asia-Pacific and Japan region have resulted in a robust evolution in the consumption patterns amongst the population of the region. Hence, farmers of the region are focusing on increasing crop yield and having an all-year-round supply of agricultural produce to meet the escalating demand.

Key Market Players and Competition Synopsis

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.

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

Similar Reports from BIS Research

Global Powered Agriculture Equipment Market: Focus on Type (Tractors, Combine Harvesters, Sprayers, and Planters), Tractor HP, Electric Tractors, Applications (Harvest, Sow, Plant, Spray,Fertilize), and Next-GenEquipment (Drones, Robots), Impact of COVID-19 - Analysis and Forecast, 2020-2025

  • Date - Sep 2020
  • Code - BIS155B

Global Powered Agriculture Equipment Market Anticipated to Reach $70.03 Billion by 2025

Market Report Coverage - Global Powered Agriculture Equipment Market

Global Market Segmentation

  • Global Powered Agriculture Equipment Market (by Type) – Tractors, Combine Harvesters, Planters, Sprayers, Others
  • Global Powered Agriculture Equipment Market (by Application) – Harvesting, Sowing and Planting, Spraying and Fertilizing, Others
  • Global Tractor Market(by Power Output) ...

Global Powered Agriculture Equipment Market: Focus on Equipment (Tractors, Combine Harvesters, Sprayers, and Planters) and Next Generation Agriculture Equipment - Analysis and Forecast 2018-2023

  • Date - Feb 2019
  • Code - BIS155A

The global agricultural industry has witnessed a massive transformation owing to the increasing demand for efficient powered agriculture equipment. Rising world population and the subsequent rise in global food demand along with the shrinkage of agricultural workforce have resulted in growing concerns to enhance farm yield and increase the demand for farm mechanization across the world. With the rapid implementation ...

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Global Powered Agriculture Equipment Market: Focus on Equipment, Application, and Country Analysis - Analysis and Forecast, 2019-2026