Global Motorized Agricultural Equipment Market Report 2021-2022 & 2026

DUBLIN, January 25, 2022 /PRNewswire/ — The report “Global Motorized Agricultural Equipment Market: Focus on Equipment, Application and Country Analysis – Analysis and Forecast, 2019-2026” has been added to from offer.

The global motorized 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.

Motorized agricultural equipment

The motorized agricultural equipment market encompasses a wide range of solutions such as tractors, combines, seeders, sprayers and other equipment such as tillage equipment, haymaking equipment and balers . Farmers around the world are increasingly adopting motorized agricultural equipment to improve yield, soil fertility, operational efficiency and profitability.

The motorized agriculture market includes agricultural machinery manufacturers that provide vertically integrated agricultural equipment solutions.

The growth of the motorized agricultural equipment market has been considerable. However, a significant portion of the population is still unaware of the myriad benefits of such equipment and the extent of government support for the agricultural industry. Over the past two decades, next-generation agricultural techniques and technologies have also been adopted by farmers around the world to increase crop yields, reduce waste and ensure food security.

Impact of COVID-19

As the COVID-19 pandemic forces countries to close their borders, agricultural sectors face major challenges. Even in regions and countries that are unlikely to face a food crisis, such as those in North America and Europethere is also a shortage of labor as new challenges prevent unskilled workers from entering.

Additionally, COVID-19 travel restrictions in all countries have resulted in an immediate shortage of seasonal agricultural labor due to the COVID-19 pandemic. This has had a heavy impact, especially during the current harvest season and the upcoming planting season across the world.

Market segmentation

Motorized farm equipment by type of equipment

Motorized agricultural equipment includes a wide range of solutions such as tractors, sprayers, planters, combines and other equipment such as balers and tillage equipment. Agricultural tractors account for the largest market share, followed by combines, seeders, and sprayers in that order in 2021. The adoption of motorized agricultural equipment is increasing among farmers to improve yield, operational efficiency , soil fertility and profitability.

Motorized farm equipment by region

In 2021, Asia Pacific and Japan has dominated the global motorized agricultural equipment market, with a large market concentration in India. Trends such as high population growth, rising disposable incomes and increasing urbanization in the Asia Pacific and Japan region have led to robust changes in consumption patterns among the population of the region. Therefore, farmers in the region focus on increasing crop yield and have a year-round supply of agricultural products to meet the growing demand.

Key Market Players and Competition Summary

The companies profiled in the report have been selected based on a selective pool of players, mainly Tier 1 players (holding 50-60% of the market), mid-segment players (comprising 30-40% of market share ) and small and medium-sized enterprises. emerging companies (holding the remaining 10-20% share), depending on various factors such as product portfolio, annual revenues, market penetration, research and development initiatives, as well as national presence and internationally in the motorized agriculture industry.

Key Questions Answered by the Report

  • What is the estimated size of the global motorized agriculture market 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 Agriculture and Power Equipment market?
  • What are the major restraints restraining the growth of the global Motorized Agricultural Equipment market?
  • What kinds of new strategies are being adopted by existing market players to expand their market position in the industry?
  • What is the competitive strength of the major players in the Motorized Agricultural Equipment market based on an analysis of their recent developments, product offerings and regional presence?
  • How is the competitive benchmarking of leading agricultural power equipment companies in the agricultural market based on the analysis of their market coverage and market potential?
  • What types of players and stakeholders operate in the Agricultural Power Equipment market ecosystem, and how prominent are they in the global market?
  • What are the major consortia and associations in the global motorized agricultural equipment market and what are their roles in the market?
  • How does the regulatory landscape differ from region to region for motorized agricultural equipment?

Recent Developments in the Motorized Agricultural Equipment Market

  • In September 2021Deere & Company has acquired the private Brazilian company specializing in sugar cane harvesters.
  • In September 2021Deere & Company acquired Bear Flag robotics to accelerate autonomous technology.
  • In February 2021AeroVironment, Inc. had acquired Arcturus UAV, in order to accelerate and expand the UAS market segment.
  • In February 2021AeroVironment, Inc. acquired the ISG from Progeny Systems Corporation which works in artificial intelligence, machine learning and autonomy technologies.

Market Report Coverage – Motorized Agricultural Equipment

Market segmentation

  • Equipment type: Tractors, combines, planters, sprayers and other equipment
  • Application: harvesting, sowing and planting, spraying and fertilizing, and other applications.

Regional segmentation

  • North America: WE, Canadaand Mexico
  • Europe: Germany, France, Italy, Spainand Rest-of-Europe
  • UK
  • Middle East and Africa
  • China
  • Asia Pacific: India, Japan, South Korea, Australiaand Rest-of-Asia Pacific
  • South America: Brazil, Argentinaand Rest-of-South America

Market Growth Factors

  • Increase in global food insecurity
  • Growing demand for stand-alone equipment
  • Increase government initiatives for sustainable food production

Market challenges

  • High initial investment cost
  • Lack of technical knowledge and awareness

Market opportunities

  • Growing opportunities in developing countries
  • Adoption of drones and robots in agriculture
  • Integration of GIS into agricultural technology

Business strategies

  • Product developments and innovation
  • Evolution of market
  • Mergers and Acquisitions
  • Partnerships, joint ventures, collaborations and alliances

Profiled Key Companies

  • Deere & Company
  • Kubota Company
  • AGCO Company
  • AeroVironment, Inc.
  • CLAAS Group
  • CNH Industrial AG
  • ISEKI & CO., LTD.
  • Mahindra & Mahindra Ltd.
  • Robert Bosch GmbH
  • Trimble Inc.
  • homeless group
  • Parrot S.A.
  • Harvest automation
  • PrecisionHawk Inc.
  • Tirth Agro Technology Private Limited
  • Kinze manufacturing
  • Tractors and limited farm equipment
  • Yanmar Holdings Co.,Ltd

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SOURCE Research and Markets