Global Agricultural & Forestry Machinery Market | Developments Status, Key Players, Share and Outlook 2027
Agricultural & Forestry Machinery Market Overview:
The purpose of this research is to provide a detailed analysis of the Agricultural & Forestry Machinery market by segment and geography. The report goes into great detail about the primary factors influencing the Agricultural & Forestry Machinery market's growth. The research also includes a comprehensive assessment of the market's value chain.
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Global Agricultural & Forestry Machinery Market is expected to reach US$ 473.56 billion at a CAGR of 5.70% during the forecast period 2029.
To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
The market for agricultural and forestry machinery has expanded as a result of increased innovation, the adoption of quick and automated farming methods, and farmers' growing awareness of these techniques. Higher productivity is produced by automated production techniques in profitable work. This aids farmers in using expensive farming inputs like pesticides, fertilisers, and others more effectively, preventing overproduction of farm products, and reducing farm losses. Additionally, increased urbanisation reduced the strain of manual labour in farms, which fueled the market expansion of agricultural and forestry machines.
Due to their extensive and widespread use for farming, tractors dominated the market for agricultural machinery. There are many different types of tractors used in farming, including compact tractors, wheeled tractors, track tractors, and orchard tractors, with wheeled tractors being the most popular and used for a variety of tasks. These tractors can be used in any farm operation, with their main purpose being to tow agricultural machinery like harvesters, sprayers, cultivators, and more. Tractor purchases are typically more expensive than those of other machines as a result. While the harvester, also referred to as a combiner, has seen growth in recent years and is another common agricultural machine.
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Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.
The major players covered in the Agricultural & Forestry Machinery market report are
• Deere & Company
• AGCO Corporation
• Caterpillar Inc.
• Kubota Corporation
• Class KGaA mbH
• Mahindra & Mahindra
• CNH Industrial N.V.
• AGCO Corporation.
• CLAAS KGaA mbH.
• Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
• Lovol Heavy Industry Co., Ltd
• Changfa Agricultural Equipment Co. Ltd.
• YTO Group Corporation
• Mitsubishi Agricultural Machinery
• Massey Ferguson
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Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Agricultural & Forestry Machinery Market:
The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the Agricultural & Forestry Machinery market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the Agricultural & Forestry Machinery industry's firms and associations.
Key Questions Answered in the Agricultural & Forestry Machinery Market Report are:
- Which segment grabbed the largest share in the Agricultural & Forestry Machinery market?
- What was the competitive scenario of the Agricultural & Forestry Machinery market in 2021?
- Which are the key factors responsible for the Agricultural & Forestry Machinery market growth?
- Which region held the maximum share in the Agricultural & Forestry Machinery market in 2021?
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