The agriculture, construction, and mining machinery manufacturing industry comprises establishments offering farm machinery and equipment, lawn and garden tractor, home lawn and garden equipment, construction machinery, mining machinery and equipment, and oil and gas field machinery and equipment manufacturing.
The top five companies covered are Caterpillar Inc., Deere & Company, CNH Industrial N.V., Doosan Infracore Co. and Kubota Corp. Caterpillar Inc. was the largest competitor in the agriculture, construction, and mining machinery manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global agriculture, construction, and mining machinery manufacturing market was valued at around $860 billion in 2017. Asia Pacific was the largest region, accounting for nearly 45% market share in 2017. China was the largest country in the market in 2017, accounting for nearly 20% market share.
Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smart phone. These technologies are known to considerably increase farm output and decrease labor costs.
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