USA Agriculture Equipment Market Introduction and Overview
According to SPER Market Research, the USA Agriculture Equipment Market is estimated to reach USD XX billion by 2032 with a CAGR of 4.95%.
The report includes an in-depth analysis of the USA Agriculture Equipment Market, including market size and trends, product mix, distribution channels, and supplier analysis.Agriculture equipment constitutes mechanical or fabricated pieces that boost land yield across agro-based economies globally. The equipment helps to increase the propensity of farmers or land operators toward the incorporation of automation technology into their conventional farming. Furthermore, the scarcity of human labour and the high cost of cattle maintenance on the job site in many countries have encouraged customers to take advantage of the advantages of modernized equipment in farming applications.
- December 2022: In Phoenix, Arizona, and the USA, CNH Industrial brought additional Automation and Autonomy Solutions to the Ag Tech portfolio. By providing automation and autonomous equipment advancements, these new driverless tillage, driver assist harvest, baler automation, and baler solutions from Raven, Case IH, and New Holland can help farmers overcome their most pressing productivity-boosting difficulties.
- In order to expand its engineering and software development capabilities and quicken the creation of highly automated and autonomous equipment, AGCO purchased JCA Industries in May 2022.
Market Opportunities and Challenges
There are various opportunities for USA Agriculture Equipment Market such as an increase in the demand for food and agricultural products, the use of new technology in farming methods, and government backing for the industry. A few major companies dominate the fiercely competitive market, including John Deere, AGCO Corporation, CNH Industrial N.V., and Kubota Corporation. Generally speaking, the USA Agriculture Equipment Market is essential to the nation's agricultural industry because it gives farmers access to the tools and technologies they need to boost productivity, efficiency, and profitability.
The telecom industry in Vietnam has recently experienced a number of serious challenges. The expansion of agriculture and the advancement of agricultural technology have raised the cost of inputs for setting up machinery on farms. Additionally, using such mechanized agricultural equipment has high operational & maintenance costs, which reduces the profitability of agricultural operations. Farming operations became more complex as a result of the complex machine's involvement, which worried farmers who relied on experienced labour to oversee and manage tasks.
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Market Competitive Landscape
The agricultural machinery market in the United States is consolidated, with a few significant manufacturers dominating the market. Among the market's top companies are Deere & Company, Kubota Corporation, AGCO Corporation, CNH Industrial, and Mahindra Agriculture North America.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Equipment Type, By Application
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| Regions covered | Northern, Southeast, Midwest, Southwest, West
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| Companies Covered | AGCO Corporation, Alamo Group Inc., Deere & Company, Valmont Industries, Kubota Corporation, Yanmar Co. Ltd. |
COVID-19 Impact on USA Agriculture Equipment Market
During the COVID-19 pandemic, people started working from home more frequently and spent more time at home playing video games and watching television. It is projected that OTT service providers with on-demand video content will continue to fuel the expansion of the Vietnamese telecom market.
Key Target Audience:
- Farmers and Agricultural Businesses
- Agricultural Equipment Manufacturers
- Investors and Financial Institutions
- Government Agencies
- Agricultural Trade associations and organizations
- Research Institutions and academic organizations
Our in-depth analysis of the USA Agriculture Equipment Market includes the following segments:
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By Equipment Type:
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Agriculture Tractors
Harvesting Equipment
Irrigation & Crop Processing Equipment
Agriculture Spraying & Handling Equipment
Soil Preparation & Cultivation Equipment
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By Application:
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Land Development
Threshing and Harvesting
Plant Protection
After Agro Processing
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Key Topics Covered in the Report:
- USA Agriculture Equipment Market Size (FY’2022-FY’2032)
- Overview of USA Agriculture Equipment Market
- Segmentation of USA Agriculture Equipment Market By Equipment Type (Agriculture Tractors, Harvesting Equipment, Irrigation & Crop Processing Equipment, Agriculture Spraying & Handling Equipment, Soil Preparation & Cultivation Equipment, Others)
- Segmentation of USA Agriculture Equipment Market By Application (Land Development, Threshing and Harvesting, Plant Protection, After Agro Processing) Statistical Snap of USA Agriculture Equipment Market
- Expansion Analysis of USA Agriculture Equipment Market
- Problems and Obstacles in USA Agriculture Equipment Market
- Competitive Landscape in the USA Agriculture Equipment Market
- Impact of COVID-19 and Demonetization on USA Agriculture Equipment Market
- Details on Current Investment in USA Agriculture Equipment Market
- Competitive Analysis of USA Agriculture Equipment Market
- Prominent Players in the USA Agriculture Equipment Market
- SWOT Analysis of USA Agriculture Equipment Market
- USA Agriculture Equipment Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the USA Agriculture Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 USA Agriculture Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA Agriculture Equipment Market
7. USA Agriculture Equipment Market, By Equipment Type, 2019-2032 (USD Million)
7.1 Agriculture Tractors
7.2 Harvesting Equipment
7.3 Irrigation & Crop Processing Equipment
7.4 Agriculture Spraying & Handling Equipment
7.5 Soil Preparation & Cultivation Equipment
7.6 Others
8. USA Agriculture Equipment Market, By Application, 2019-2032(USD Million)
8.1 Land Development
8.2 Threshing and Harvesting
8.3 Plant Protection
8.4 After Agro Processing
9. USA Agriculture Equipment Market, By Region, 2019-2032 (USD Million)
9.1 USA Agriculture Equipment Market Size and Market Share by Region (2019-2025)
9.2 USA Agriculture Equipment Market Size and Market Share by Region (2026-2032)
9.3 Northern
9.4 Southeast
9.5 Midwest
9.6 Southwest
9.7 West
10. Company Profiles
10.1 AGCO Corporation
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 Alamo Group Inc.
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Deere & Company
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Valmont Industries
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Kubota Corporation
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Yanmar Co. Ltd.
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. 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.
