Agricultural and Forestry Machinery Market Growth, Trends, Size, Revenue and Future Challenges
Agricultural and Forestry Machinery Market Size- By Type, By Automation, By Business- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: AGRI2324 | Pages: 1 - 236 | Formats*: |
| Category : Agriculture | |||
Global Agricultural and Forestry Machinery Market Overview
According to SPER Market Research, the Global Agricultural and Forestry Machinery Market is estimated to reach USD 605.41 billion by 2033 with a CAGR of 5.93%.
Agriculture and forestry equipment are types of machinery used in the fields of agriculture and forestry to make work easier, faster, and more efficient. Agriculture equipment includes machines such as tractors, ploughs, cultivators, seed drills, and harvesters, which are used for planting, cultivating, and harvesting crops. Forestry equipment includes tools such as chainsaws, skidders, feller bunchers, and harvesters, which are used for harvesting and processing trees. These machines are designed to help farmers and foresters perform their tasks with greater precision and less physical labour. With the help of this equipment, farmers and foresters can increase their productivity, reduce labour costs, and achieve better yields. However, it is important to use them safely and properly to avoid accidents and damage to the environment.
Exploring the Growth Drivers of the Global Agricultural and Forestry Machinery Industry
Economic stability in the countries and a growing population raised demand for food, putting further strain on the agriculture sector. This has pushed farm owners to make agricultural land more efficient and productive in the coming years, boosting demand for efficient agriculture machinery. Mechanization of agricultural and forestry activities, government support for agriculture, and strong economic growth in developing regions have all contributed to the rise of the agriculture and forestry equipment industry.
What challenges does the Global Agricultural and Forestry Machinery Market face?
Global Agricultural and Forestry Machinery Market faces several challenges on a global scale that limit their adoption and effectiveness. Continued deforestation and increased urbanization in the name of development and land investment have resulted in a scarcity of farmland. The high expense of employing agricultural machinery, along with farmers' limited income, further hampered market growth. Furthermore, a lack of ability and competence among machine users regarding how to utilize and work with various types of machinery had the greatest impact on market growth.
In what ways has the COVID-19 pandemic affected Global Agricultural and Forestry Machinery Market?
The global agricultural and forestry machinery market has been significantly impacted by the COVID-19 outbreak. The pandemic has affected global supply networks, causing delays in agricultural and forestry machinery manufacturing and delivery. Due to the economic slump and reduced activity in the agriculture and forestry industries, the pandemic has resulted in a drop in demand for agricultural and forestry machinery. Labour shortages have resulted from the epidemic, affecting the manufacture and operation of agricultural and forestry machines. Also, the pandemic has hastened the use of digital technology in agriculture and forestry, increasing demand for precision agricultural and forestry systems that can be combined with machinery. Overall, the COVID-19 pandemic has had a mixed influence on the worldwide agriculture and forestry machinery market, with some areas growing and others declining.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Automation, By Business |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | AGCO Corporation, Caterpillar Inc., Changfa Agricultural Equipment Co. Ltd., Changzhou Dongfeng Agricultural Machinery Group Co., Ltd., CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Kubota Corporation, Lovol Heavy Industry Co., Ltd., Mahindra & Mahindra, Massey Ferguson, Mitsubishi Agricultural Machinery, YTO Group Corporation, Others |
Key Target Audience:
- Academic Institutions
- Agricultural and Forestry Machinery Manufacturers
- Farmers, Forest Owners and other End Users of Agricultural and Forestry Machinery
- Government Agencies
- Industrial Companies
- Investors and Financial Institutions
- Research and Consulting Firms
- Suppliers and Distributors
Global Agricultural and Forestry Machinery Market Segmentation:
1. By Type:
- Global Agricultural and Forestry Machinery Market Value Share and Forecast, By Type, 2023-2033
- Agriculture Machine
- Forestry Machine
2. By Automation:
- Global Agricultural and Forestry Machinery Market Value Share and Forecast, By Automation, 2023-2033
- Automatic
- Manual
- Semi-Automatic
3. By Business:
- Global Agricultural and Forestry Machinery Market Value Share and Forecast, By Business, 2023-2033
- Aftersales
- Original Equipment Manufacturers
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Agricultural and Forestry Machinery Market Size (FY’2023-FY’2033)
- Overview of Global Agricultural and Forestry Machinery Market
- Segmentation of Global Agricultural and Forestry Machinery Market By Type (Agriculture Machine, Forestry Machine)
- Segmentation of Global Agricultural and Forestry Machinery Market By Automation (Automatic, Manual, Semi-Automatic)
- Segmentation of Global Agricultural and Forestry Machinery Market By Business (Aftersales, Original Equipment Manufacturers)
- Statistical Snap of Global Agricultural and Forestry Machinery Market
- Growth Analysis of Global Agricultural and Forestry Machinery Market
- Problems and Challenges in Global Agricultural and Forestry Machinery Market
- Competitive Landscape in the Global Agricultural and Forestry Machinery Market
- Impact of COVID-19 and Demonetization on Global Agricultural and Forestry Machinery Market
- Details on Recent Investment in Global Agricultural and Forestry Machinery Market
- Competitive Analysis of Global Agricultural and Forestry Machinery Market
- Key Players in the Global Agricultural and Forestry Machinery Market
- SWOT Analysis of Global Agricultural and Forestry Machinery Market
- Global Agricultural and Forestry Machinery Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Agricultural and Forestry Machinery Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Agricultural and Forestry Machinery Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Agricultural and Forestry Machinery Market
7. Global Agricultural and Forestry Machinery Market, By Type (USD Million)
7.1. Global Agricultural and Forestry Machinery Market Value Share and Forecast, By Type, 2023-20337.2. Agriculture Machine7.2.1. Combine & Forage Harvesters7.2.2. Field Sprayers7.2.3. Haymaking Machines7.2.4. Milking & Poultry Machines7.2.5. Soil Cultivating Equipment7.2.6. Tractors7.3. Forestry Machine7.3.1. Bunchers7.3.2. Chainsaw7.3.3. Forwarders7.3.4. Loaders7.3.5. Skidders7.3.6. Swing Machines
8. Global Agricultural and Forestry Machinery Market, By Automation (USD Million)
8.1. Global Agricultural and Forestry Machinery Market Value Share and Forecast, By Automation, 2023-20338.2. Automatic8.3. Manual8.4. Semi-Automatic
9. Global Agricultural and Forestry Machinery Market, By Business (USD Million)
9.1. Global Agricultural and Forestry Machinery Market Value Share and Forecast, By Business, 2023-20339.2. Aftersales9.3. Original Equipment Manufacturers
10. Global Agricultural and Forestry Machinery Market Forecast, 2019-2033 (USD Million)
10.1. Global Agricultural and Forestry Machinery Market Size and Market Share
11. Global Agricultural and Forestry Machinery Market, By Type, 2019-2033 (USD Million)
11.1. Global Agricultural and Forestry Machinery Market Size and Market Share By Type (2019-2026)11.2. Global Agricultural and Forestry Machinery Market Size and Market Share By Type (2027-2033)
12. Global Agricultural and Forestry Machinery Market, By Automation, 2019-2033 (USD Million)
12.1. Global Agricultural and Forestry Machinery Market Size and Market Share By Automation (2019-2026)12.2. Global Agricultural and Forestry Machinery Market Size and Market Share By Automation (2027-2033)
13. Global Agricultural and Forestry Machinery Market, By Business, 2019-2033 (USD Million)
13.1. Global Agricultural and Forestry Machinery Market Size and Market Share By Business (2019-2026)13.2. Global Agricultural and Forestry Machinery Market Size and Market Share By Business (2027-2033)
14. Global Agricultural and Forestry Machinery Market, By Region, 2019-2033 (USD Million)
14.1. Global Agricultural and Forestry Machinery Market Size and Market Share By Region (2019-2026)14.2. Global Agricultural and Forestry Machinery Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. AGCO Corporation15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Caterpillar Inc.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Changfa Agricultural Equipment Co. Ltd.
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. CLAAS KGaA mbH15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. CNH Industrial N.V.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Deere & Company15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Kubota Corporation15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Lovol Heavy Industry Co., Ltd.15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Mahindra & Mahindra15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Massey Ferguson15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments15.12. Mitsubishi Agricultural Machinery15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments15.13. YTO Group Corporation15.13.1. Company details15.13.2. Financial outlook15.13.3. Product summary15.13.4. Recent developments
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Agricultural and Forestry Machinery Market is projected to reach USD 605.41 billion by 2033, growing at a CAGR of 5.93% during the forecast period.
Agricultural and Forestry Machinery Market grew in market size from 2023. The Market is expected to reach USD 605.41 billion by 2033, at a CAGR of 5.93% during the forecast period.
Agricultural and Forestry Machinery Market CAGR of 5.93% during the forecast period.
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The key players in the market include Companies Covered AGCO Corporation, Caterpillar Inc., Changfa Agricultural Equipment Co. Ltd., Changzhou Dongfeng Agricultural Machinery Group Co., Ltd., CLAAS KGaA mbH, CNH Industrial N.V., Deere & Company, Kubota Corporation, Lovol Heavy Industry Co., Ltd., Mahindra & Mahindra, Massey Ferguson, Mitsubishi Agricultural Machinery, YTO Group Corporation, Others
The agriculture machinery market has expanded in recent years, owing to rising demand for modern technology from developing countries.
Agricultural and Forestry Machinery Market size is USD 605.41 billion from 2023 to 2033.
Agricultural and Forestry Machinery Market Segment is Covered By Type, By Automation, By Business
The North America region is anticipated to have the highest market share in Agricultural and Forestry Machinery Market.
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