Global Agriculture, Construction, And Mining Machinery Market Trends And Strategies Of Major Players In The Agriculture, Construction, And Mining Machinery Market 2021-2030

The agriculture, construction, and mining machinery market consists of sales of farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment; construction machinery, surface mining machinery, and logging equipment; and oil and gas field and underground mining machinery and equipment by entities (organizations, sole traders or partnerships) that produce agriculture, construction, and mining machinery.

Global Agriculture, Construction, And Mining Machinery Market Size And Drivers:

The global agriculture, construction, and mining machinery market is expected to grow from $517.6 billion in 2020 to $581.52 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $797.96 billion in 2025 at a CAGR of 8%. The agriculture, construction, and mining machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries.

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Trends In The Global Agriculture, Construction, And Mining Machinery Market

Agriculture equipment companies are offering telematics systems to farmers to enable wireless transfer of data between the equipment and its user. Telematics refers to the technology of collecting data from a farm equipment operating in a field and then transferring the data to customers through internet on real time basis. This enables farmers to remotely collect and manage information from their field equipment, enhance operational efficiencies and reduce production costs.

Global Agriculture, Construction, And Mining Machinery Market Segments:
The global agriculture, construction, and mining machinery market is further segmented based on type, operation, capacity and geography.
By Type: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery
By Operation: Autonomous, Semi-autonomous, Manual
By Capacity: Small, Medium, Large
Sub segments covered: Earthmoving, Material Handling, Building & Road Construction Equipment, Farm Machinery And Equipment, Sanitary Paper Product, Stationery Products, Paper Bag And Coated And Treated Paper, Oil & Gas Field Machinery And Equipment, Mining Machinery And Equipment
By Geography: The global agriculture, construction, and mining machinery market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global agriculture, construction, and mining machinery market, accounting for 35% of the market in 2020.

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Agriculture, Construction, And Mining Machinery Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides agriculture, construction, and mining machinery market overviews, analyzes and forecasts market size and growth for the global agriculture, construction, and mining machinery market, agriculture, construction, and mining machinery market share, agriculture, construction, and mining machinery market players, agriculture, construction, and mining machinery market segments and geographies, agriculture, construction, and mining machinery market’s leading competitors’ revenues, profiles and market shares. The agriculture, construction, and mining machinery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.