United States Agricultural Machinery Market

United States Agricultural Machinery Market by Ploughing and Cultivating Machinery (Ploughs, Harrows, Cultivators & Tillers, and Others), Planting Machinery (Seed Drills, Planters, Spreaders, and Others), Harvesting Machinery (Combine Harvesters, Forage Harvesters, and Others), Haying and Forage Machinery (Mowers, Balers, Tedders and Rakes, and Others), Irrigation Machinery (Sprinkler Irrigation, Drip Irrigation, and Others), and Country- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: CM-1466
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 190
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  • Pub. Date: Upcoming
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The United States agricultural machinery market size is projected to expand at a CAGR of 4.7% during the forecast period, 2021-2028. The growth of the market is attributed to the increasing farm labor charges, and labor scarcity.

The COVID-19 pandemic has created few challenges, as the market relies on the manufacturing industry. The migration of labor and lack of availability of raw materials during the pandemic period had disrupted the growth of the market. Export and supply got disrupted due to restricted movements and imposition of lockdown worldwide. Consignments went on halts, which created severe business losses for the manufacturers and distributors.

United States Agricultural Machinery Market Key Takeaways

Agricultural machinery manufacturers are at the forefront of change and evolution of the agriculture sector, giving rise to the modern-day integrated farm management approach. In most of the markets in the US, farmers are increasingly adopting advanced technology, such as precision farming systems and GPS-controlled agricultural machinery.

Market Drivers, Restraints, Trends, and Opportunities

  • Increased farm consolidation, positive economic outlook, large production base, and greater government support through subsidies are driving sales of high capacity agricultural machinery and equipment in the country.
  • Rising adoption of precision farming is one of the key factors that is driving the growth of the market segment.
  • Technological advancements are expected to proliferate the growth of the market.

Scope of the Report

The report on the United States agricultural machinery market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Agricultural Machinery Market - United States Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Ploughing and Cultivating Machinery (Ploughs, Harrows, Cultivators & Tillers, and Others), Planting Machinery (Seed Drills, Planters, Spreaders and Others), Harvesting Machinery (Combine Harvesters, Forage Harvesters, and Others), Haying and Forage Machinery (Mowers, Balers, Tedders and Rakes, and Others), Irrigation Machinery (Sprinkler Irrigation, Drip Irrigation, and Others)

Geographical Zone

The US

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Deere & Company, CNH Industrial, AGCO Corporation, KUBOTA Corporation, Mahindra Agriculture North America

United States Agricultural Machinery Market Segment Insights

Cultivators & tillers to hold a large market share

Based on plowing and cultivating machinery, the market is divided into ploughs, harrows, cultivators & tillers, and others. The cultivators & tillers segment to hold a largest market share and is expected to projected a CAGR of 3.7% during the forecast period. Rising trend of incorporating autonomous robotics into agriculture, to reduce the reliance on manual labor, while increasing efficiency, product yield, and quality is driving the segment growth. An automated cultivator has been developed by the US Davis Smart Farm, California, as a part of its research initiative. These new developments can enhance the growth of cultivators in the market.

Planters segment to account a significant market share

On the basis of planting machinery, the market is classified as seed drills, planters, spreaders, and others. The planters segment is projected to account for a significant market share during the forecast period. The segment growth is owing to the increasing use of seed planters in the country.

Combine harvesters segment to register a high CAGR

In terms of harvesting machinery, the market is segregated into combine harvesters, forage harvesters, and others. The combine harvesters segment is projected to register a high CAGR during the forecast period. The segment growth is due to the rising use of combine harvesters due to the convenience the machine provides on the farms.

United States Agricultural Machinery Market By Harvesting Machinery

Mowers segment to account a considerable market share

Based on haying and forage machinery, the market is segmented into mowers, balers, tedders and rakes, and others. The mowers segment is projected to register a considerable market share during the forecast period. On the other hand, the tedders and rakes segment is expected to grow at a steady rate in the projected timeline.

Drip irrigation segment to exhibit a robust CAGR

On the basis of irrigation machinery, the market is segregated into sprinkler irrigation, drip irrigation, and others. The drip irrigation segment is projected to exhibit a high during the forecasted period. Many farmers are shifting to drip irrigation as it prevents the wastage of water. Moreover, rising government support to boost the agricultural economy is stimulating the segment growth.

United States Agricultural Machinery Market By Irrigation Machinery

Segments

Segments Covered in the Report
The United States agricultural machinery market has been segmented on the basis of:

Ploughing and Cultivating Machinery
  • Ploughs
  • Harrows
  • Cultivators & Tillers
  • Others
Planting Machinery
  • Seed Drills
  • Planters
  • Spreaders
  • Others
Harvesting Machinery
  • Combine Harvesters
  • Forage Harvesters
  • Others Harvesters
Haying and Forage Machinery
  • Mowers
  • Balers
  • Tedders and Rakes
  • Others
Irrigation Machinery
  • Sprinkler Irrigation
  • Drip Irrigation
  • Others
Country
  • The US
Key players
  • Deere & Company
  • CNH Industrial
  • AGCO Corporation
  • KUBOTA Corporation
  • Mahindra Agriculture North America

Competitive Landscape

Some of the major players in the market are Deere & Company, CNH Industrial, AGCO Corporation, KUBOTA Corporation, Mahindra Agriculture North America.

Mergers & acquisitions, partnerships, expansion and product launches are the business strategies adopted by the major players in the market.

United States Agricultural Machinery Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agricultural Machinery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Agricultural Machinery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Agricultural Machinery Market - Supply Chain
  4.5. Global Agricultural Machinery Market Forecast
     4.5.1. Agricultural Machinery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Agricultural Machinery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Agricultural Machinery Market Absolute $ Opportunity
5. Global Agricultural Machinery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Agricultural Machinery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Agricultural Machinery Demand Share Forecast, 2019-2026
6. North America Agricultural Machinery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Agricultural Machinery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Agricultural Machinery Demand Share Forecast, 2019-2026
7. Latin America Agricultural Machinery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Agricultural Machinery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Agricultural Machinery Demand Share Forecast, 2019-2026
8. Europe Agricultural Machinery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Agricultural Machinery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Agricultural Machinery Demand Share Forecast, 2019-2026
9. Asia Pacific Agricultural Machinery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Agricultural Machinery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Agricultural Machinery Demand Share Forecast, 2019-2026
10. Middle East & Africa Agricultural Machinery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Agricultural Machinery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Agricultural Machinery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Agricultural Machinery Market: Market Share Analysis
  11.2. Agricultural Machinery Distributors and Customers
  11.3. Agricultural Machinery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Deere & Company CNH Industrial AGCO Corporation KUBOTA Corporation Mahindra Agriculture North America
Segments Covered in the Report
The United States agricultural machinery market has been segmented on the basis of:

Ploughing and Cultivating Machinery
  • Ploughs
  • Harrows
  • Cultivators & Tillers
  • Others
Planting Machinery
  • Seed Drills
  • Planters
  • Spreaders
  • Others
Harvesting Machinery
  • Combine Harvesters
  • Forage Harvesters
  • Others Harvesters
Haying and Forage Machinery
  • Mowers
  • Balers
  • Tedders and Rakes
  • Others
Irrigation Machinery
  • Sprinkler Irrigation
  • Drip Irrigation
  • Others
Country
  • The US
Key players
  • Deere & Company
  • CNH Industrial
  • AGCO Corporation
  • KUBOTA Corporation
  • Mahindra Agriculture North America

Some of the major players in the market are Deere & Company, CNH Industrial, AGCO Corporation, KUBOTA Corporation, Mahindra Agriculture North America.

Mergers & acquisitions, partnerships, expansion and product launches are the business strategies adopted by the major players in the market.

United States Agricultural Machinery Market By Key Players

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