Automotive and Transportation Research Reports

  The global farm equipment market is projected to grow from USD 107.7 Billion in 2023 to USD 136.3 Billion by 2028, at a CAGR of 4.8% during the forecast period. The growth of the farm equipment market is largely fueled by factors such as government assistance through farm loan waivers and credit financing, incentives offered by equipment manufacturers to boost dealer services and rentals, the increasing adoption of farm mechanization, and the practice of contract farming. The tractors segment holds the largest share of the farm equipment rental market. The market’s growth can be attributed to the increasing farm mechanization driven by government efforts to encourage farmers to rent equipment as per their needs. The demand for tractors accounted for the largest share, followed by combines. The rising concerns over farm productivity across the globe would subsequently drive the growth of the tractors segment in the farm equipment rental market during the forecast period. The ...

  The global   Farm Equipment Market   is projected to grow from USD 111.8 Billion in 2022 to USD 141.6 Billion by 2027, at a CAGR of 4.8% during the forecast period. Government support with farm loan waivers/ credit finance, OEM/sales incentives to support dealer service and rental operations,  increase in farm mechanization , and  contract farming  are the major factors driving the growth of the Farm Equipment Market. The plowing & cultivating segment is estimated to lead the market in terms of value during the forecast period due to the growing requirement of plowing according to seasons, rising need for cultivators in small and large farms, and achieving better soil fertility. Asia Oceania dominates the plowing & cultivating implements market considering agriculture activities at a huge scale in the region. This trend is expected to remain the same in the future, considering the demand for higher productivity and efficiency. Download PDF Brochur...

Published by MarketsandMarkets, the global   farm equipment market   is projected to grow from USD 111.8 billion in 2022 to USD 141.6 billion by 2027, at a CAGR of 4.8% during the forecast period. An increase in farm mechanization, government support with farm loan waivers/credit finance, contract farming, and a shortage of skilled labor are the key factors driving farm equipment growth globally. Browse 333 market data Tables and 59 Figures spread through 349 Pages and in-depth TOC on  “Farm Equipment Market by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region – Global Forecast to 2027” The demand for electric & autonomous tractors and the rising demand for farm equipment rental services would create growth opportunities in the farm equipment market. Download PDF Brochure @   https://w...

  The global   Farm Equipment Market   is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. Government support with farm loan waivers/ credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the Farm Equipment Market. However, a projected recovery in Q1-Q2 of 2021 in farm equipment production supports the growth of the Farm Equipment Market. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164005174 The plowing & cultivating segment is estimated to lead the market in terms of value during the forecast period due to the growing requirement of plowing according to seasons, rising need for cultivators in small and large farms, and achieving better soil fertility. Asia Oceania dominates the plowing & cultivating implements market con...

  The report " Farm Equipment Market  by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027" The global farm equipment market is projected to grow from USD 99.4 billion in 2021 to USD 126.0 billion by 2027, at a CAGR of 4.0% during the forecast period. The demand for electric and autonomous vehicles would create growth opportunities for the farm equipment market. Two-wheel drive segment is expected to be the largest segment during the forecast period The two-wheel drive segment is estimated to lead the market, in terms of value, during the forecast period. These tractors are popular among emerging countries such as India, China, and Japan with small farm sizes, as two-wheel drive tractors are less expensive, and their repair costs are less. According to the Indian Council of Food and ...

The global Farm Equipment Market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the farm equipment market. However, a projected recovery in Q1-Q2 of 2021 in farm equipment production supports the growth of the farm equipment market. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164005174 The plowing & cultivating segment is estimated to lead the market in terms of value during the forecast period due to the growing requirement of plowing according to seasons, rising need for cultivators in small and large farms, and achieving better soil fertility. Asia Oceania dominates the plowing & cultivating implements market considering agriculture ...

  The global  Farm Equipment Market  is projected to reach USD 113.0 billion by 2025 from an estimated USD 92.2 billion in 2020, growing at a CAGR of 4.2% during the forecast period, mainly due to attractive government policies to farmers in the form of loan waivers, credit finance, monetary aid in difficult times such as drought, pandemic such as COVID-19 etc. Increasing popularity and awareness of farm mechanization is significantly expected to drive farm equipment market. Also, developments in precision agriculture and autonomous tractors are expected to create future opportunities in farm equipment market. The rental market is also expected to grow at a significant rate in Asia Oceania in the coming years. In Asia Oceania, particularly in developing countries, average farm sizes are small. Thus, farmers cannot afford to buy tractors or combines for small farmlands. Therefore, leasing of high-cost equipment such as balers and combine harvesters is expected to grow si...

  The global Farm Equipment Market is projected to reach USD 113,012 million by 2025 from an estimated USD 92,214 million in 2020, declining at a CAGR of 4.2% during the forecast period, mainly due to attractive government policies to farmers in the form of loan waivers, credit finance, monetary aid in difficult times such as drought, pandemic such as COVID-19 etc. Increasing popularity and awareness of farm mechanization is significantly expected to drive farm equipment market. Also, developments in precision agriculture and autonomous tractors is expected to create future opportunities in farm equipment market. Based on region, the farm tractor market is segmented into four major regions— Asia-Oceania, Europe, North America, and the Rest of the World (RoW). Each region is further segmented on the basis of power output into <30 HP, 31–70 HP, 71–130 HP, 131-250 HP, and >250 HP. Asia-Oceania is expected to be the largest market for farm tractors during the forecast period. ...

The global  Farm Equipment Market  is projected to reach USD 113.0 billion by 2025 from an estimated USD 92.2 billion in 2020, growing at a CAGR of 4.2% during the forecast period, mainly due to attractive government policies to farmers in the form of loan waivers, credit finance, monetary aid in difficult times such as drought, pandemic such as COVID-19 etc. Increasing popularity and awareness of farm mechanization is significantly expected to drive farm equipment market. Also, developments in precision agriculture and autonomous tractors is expected to create future opportunities in farm equipment market. The rental market is also expected to grow at a significant rate in Asia Oceania in the coming years. In Asia Oceania, particularly in developing countries, average farm sizes are small. Thus, farmers cannot afford to buy tractors or combines for small farmlands. Therefore, leasing of high-cost equipment such as balers and combine harvesters is expected to grow significan...

The report  “ Farm Equipment Market  by Tractor Power Output (<30,31-70, 71-130, 131-250, >250), Drive (2WD, 4WD, & Autonomous), Combines, Baler, Sprayer, Implement (Plow & Cultivate, Sow, Harvest, Plant Protection & Fertilizer), Rental, & Region – Global Forecast to 2025″ , The farm equipment market is projected to grow at a CAGR of 4.04% during the forecast period, to reach a market size of USD 135.2 billion by 2025 from USD 102.5 billion in 2018. Factors such as increasing population, growth of mechanization due to increasing government support through subsidies or incentives, shortage of skilled farm labor, and rising labor wages are expected to fuel the demand for farm equipment. <30 hp power range is expected to be the largest segment in the farm tractor market, by power output, during the forecast period Tractors with <30 hp power are estimated to hold the largest market share, in terms of volume, during the forecast perio...