With a CAGR of 7.0%, the Agricultural and Agricultural Equipment Market will reach USD 235.28 Billion by 2028 | Ease of financing and increase in government initiatives to fuel market growth

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Agriculture Equipment Market Size, Share, and Impact Analysis, by Equipment Type (Agricultural Tractors, Harvesting, Crop Irrigation & Treatment, Agricultural Spraying & Handling, Land Preparation & Cultivation Equipment, and others), by application (land development, threshing and harvesting, plant protection, post-agricultural transformation) and regional forecast, 2021-2028

The Global”Agricultural and Agricultural Equipment Market Share“The research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.

Additionally, the report provides information on regional analysis which covers different regions, helping the market growth. The global agricultural and agricultural equipment market size consists of data accumulated from numerous primary as well as secondary sources. Industry analysts have verified and validated this information, providing important information to researchers, analysts, managers, and other industry professionals. This document further helps in understanding the market trends, applications, specifications and markets.

Agriculture and Farming Equipment Market Size Overview:

  • $253.28 billion in 2028

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This report aims to provide critical insights and valuable insights that are of high value to users, enabling them to identify strategic growth opportunities.

Impact of the Russian-Ukrainian War on the Agricultural and Agricultural Equipment Market Size

The Russian-Ukrainian war could forever change the market dynamics of agriculture and agricultural equipment in Europe. The stalemate has reignited the Cold War predicament and pushed Europe to the brink of a major military conflict. Russian aggression in Ukraine has redefined the global business landscape. As the global agricultural and agricultural equipment market recovered from the devastation wrought by the COVID-19 pandemic, the Russian-Ukrainian war has left several industry players skeptical.

There is virtually no sector that the war has spared, particularly worsening the business landscape of sectors ranging from aerospace to oil and gas. Amid the current challenges, stakeholders are striving to turn adversities into opportunities. However, the surge in military aid to Ukraine could give stakeholders momentum. Meanwhile, it should be noted that the corresponding penalty could increase operating costs and disrupt industries.

Companies operating in the agricultural and agricultural equipment market

  • Deere and Company (Illinois, USA)
  • AGCO Corporation (Georgia, USA)
  • Alamo Group Inc. (Texas, USA)
  • Kubota Corporation (Osaka, Japan)
  • Mahindra and Mahindra Ltd. (Maharashtra, India)
  • CNH Industrial NV (Amsterdam, Netherlands)
  • Iseki and Co., Ltd. (Ehime-ken, Japan)
  • Claas KGaA mbH (Westphalia, Germany)
  • China National Machinery Industry Corporation (Beijing, People’s Republic of China)
  • Valmont Industries, Inc. (Nebraska, USA)
  • Sonalika Group – Sonalika International Tractor (Punjab, India)
  • SDF SpA (Treviglio, Italy)
  • Escort Limited (Haryana, India)
  • Agrostroj Pelhrimov As (Czechia)
  • Weifang Euroking Machinery (Shandong Province, China)
  • Concern Tractor Plants (Cheboksary, Russia)
  • Agromaster (Konya, Turkey)

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The global agricultural equipment market size was USD 148.41 billion in 2020. The market is expected to grow from USD 157.89 billion in 2021 to USD 253.28 billion in 2028 at a CAGR of 7.0% during the period 2021-2028.

Favorable government initiatives to amplify market growth

The increasing adoption of advanced technologies such as IoT, AI, flying drones and others is expected to amplify the global market significantly. Advanced agricultural equipment enables manufacturers to develop products that can meet consumer demand, thus contributing to the growth of the market. Also, increasing adoption of AI-integrated robotics in the type of agricultural equipment complements the growth of the market.
Reduced import duties and interest rates, favorable government initiatives, and ease of finance are some of the factors that are expected to support the growth of the market in the coming years.
However, rapid urbanization and high migration of people from rural to urban areas is expected to restrain the growth of the agricultural equipment market.

Factors that influence:

  • Market environment: Government policies, technological changes, market risks.
  • Agriculture and Farming Equipment Market Drivers: Demand Growth, Cost Reduction, Market Opportunities and Challenges.

Agricultural and Agricultural Equipment Market Forecast:

  • Market Size Forecast: Global Global Size, By Product Type/Category, By Applications/End Users, By Regions/Geography.
  • Key data (revenue): market size, market share, growth rate, growth, product sales price.

The Agricultural and Agricultural Equipment Market report provides answers to the following key questions:

  • What is the size of the agricultural and agricultural equipment market?
  • At what rate has the global agricultural and agricultural equipment market size increased between 2021 and 2028?
  • What are the key trends driving the sales in the Agriculture and Farm Equipment market?
  • Who are the key players in the global agricultural and agricultural equipment market?
  • What is the market share of the major players in the agricultural and agricultural equipment market?

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To see the original version on The Express Wire, visit With a CAGR of 7.0%, the Agricultural and Agricultural Equipment Market will reach USD 235.28 Billion by 2028 | Ease of financing and increase in government initiatives to fuel market growth


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