Direct Fed Microbials (DFM) Global Market Report 2023 – By Type (Bacillus Subtilis, Lactic Acid Bacteria, Bifidobacteria, Streptococcus Thermophilus, Other Bacteria), By Form (Liquid Form, Dry Form), By Livestock (Poultry, Swine, Ruminants, Aquatic Animals, Other Livestock) – Market Size, Trends, And Global Forecast 2023-2032

The pesticides and other agricultural chemicals refer to agricultural and household pest control chemicals (except fertilizers) used to control pests and weeds in farmlands. These are used to protect plants against pests, kill weeds and bugs, and get rid of diseases. The main types of pesticides and other agricultural chemicals are herbicides, insecticides, fungicides, other types of pesticides, and other agricultural chemicals. Herbicides are chemicals that are used to control undesirable vegetation. Herbicide application occurs in row-crop farming, where they are applied before or during planting to maximize crop productivity by minimizing other vegetation. The origin is synthetic and bio-based. The applications involved are grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications. The global pesticides and other agricultural chemicals market is segmented - 1) By Type: Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals 2) By Origin: Synthetic, Bio-Based 3) By Application: Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, Other Applications The global pesticides and other agricultural chemicals market grew from $90.5 billion in 2022 to $98.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pesticides and other agricultural chemicals market is expected to grow to $139.42 billion in 2027 at a CAGR of 9.1%. The world population is growing and is expected to reach 10 billion by 2050. This is expected to significantly boost the pesticides and other agricultural chemicals market during the forecast period. An increase in the population creates more demand for food. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Additionally, farmers and commercial farming companies will increase acquisitions of arable land to increase crop production. This is expected to increase the demand for insecticides, herbicides, and fungicides in the forecast period. Major companies in the pesticides and other agricultural chemicals market include Syngenta AG, Bayer AG, Marubeni, Corteva Inc., Nutrien Ltd., FMC Corp, BASF SE, Adama Agricultural Solutions, Nufarm Limited, and Reckitt Benckiser Group plc. The rising demand for organic food products is expected to negatively impact the pesticide market during the forecast period. Organic food products are derived through a farming system that avoids the use of pesticides and other artificial additives. For instance, according to the Organic Trade Association, a North American business association for the organic industry, the organic food sales in the United States increased by 12.8% in 2020 to a new high of $56.4 billion. This rise in demand for organic products is likely to restrain the pesticides and other agricultural chemicals market during the forecast period. Toxicologists globally are adopting nanotechnology in the development of new, environmentally friendly insecticides. Nanoparticles have revolutionized the pharmaceutical and chemical industries. Pesticidal nanoformulations are ultrafine particles with enhanced permeability, stability, and solubility. Most engineers believe that nanotechnology can help make insecticides much safer. Nano-sized insecticides can be sprayed in lesser amounts on agricultural fields in comparison with conventional forms. For example, Lansiumamide B (antibacterial) is formulated as a nanocapsule to treat tobacco bacterial wilt. Thiamethoxam (insecticide) is sprayed as nanoscaled fiber, and Deltamethrin (insecticide) is formulated as a lipid nanoparticle. Asia-Pacific was the largest region in the pesticides and other agricultural chemicals market in 2022. Western Europewas the second largest region in the pesticides and other agricultural chemicals market. The regions covered in the pesticides and other agricultural chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the pesticides and other agricultural chemicals market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The pesticides and other agricultural chemicals market consists of the sales of rodenticides, liming and acidifying agents, soil conditioners, and chemicals used in animal husbandry. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The pesticides and other agricultural chemicals market research report is one of a series of new reports from The Business Research Company that provides pesticides and other agricultural chemicals market statistics, including pesticides and other agricultural chemicals industry global market size, regional shares, competitors with a pesticides and other agricultural chemicals market share, detailed pesticides and other agricultural chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the pesticides and other agricultural chemicals industry. This pesticides and other agricultural chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Genetically modified crops (GM crops) are agricultural plants whose DNA has been altered using genetic engineering techniques. The main trait types in genetically modified crops are herbicide tolerance (HT), insect resistance (IR), stacked traits (ST), and others. The main types of crops are soybeans, cotton, maize, oilseed rape, tobacco, and others. The techniques used in genetically modified crops are gene guns, electroporation, microinjection, agrobacterium, and other techniques. The types of modification are transgenic, cis-genic, sub-genic, and multiple trait integrations that are applied in scientific research and agricultural crops. The global genetically modified crops market is segmented - 1) By Trait: Herbicide Tolerance (HT), Insect Resistance (IR), Stacked Traits (ST), Other Traits 2) By Crop: Soybean, Cotton, Maize, Oilseed Rape, tobacco, Other Crops 3) By Technique: Gene Guns, Electroporation, Microinjection, Agrobacterium, Other Techniques 4) By Type of Modification: Transgenic, Cis-genic, Sub-genic, Multiple Trait Integration 5) By Application: Scientific Research, Agriculture Crops The global genetically modified crops market size will grow from $21.08 billion in 2022 to $22.29 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global genetically modified crops is expected to grow to $28.03 billion in 2027 at a CAGR of 5.9%. Genetically modified (GM) crops have traits such as insect tolerance and herbicide tolerance that contribute to the high demand for such crops. Other benefits offered by genetically modified crops include high nutritional value, improved yield, and longer shelf life. For these reasons, farmers are resorting to GM crops to increase their yields and profits. According to the U.S. Department of Agriculture (USDA), genetically engineered insect-resistant cotton has helped to achieve a significant reduction in the use of synthetic pesticides that are contaminating groundwater and the environment. The environmental concerns and benefits offered by GM crops drive the demand for the growth of the genetically modified crops market over the forecast period. Major players in the genetically modified crops market are Bayer AG, BASF SE, Syngenta AG, The Dow Chemical Company, Dupont, Groupe Limagrain, JR Simplot Co., JKAgri Genetics Ltd., Maharashtra Hybrid Seed Company (MAHYCO), and Calyxt Inc. The exponential increase in the world's population around the globe drives the need to implement genetically modified crops. Farmers have to adopt new technologies to produce crops that can meet the demand of the growing population. GM crops help reduce food loss and waste, improve soil and water management, and improve the yield while protecting the environment. According to the UN, it is expected that the world population will be around 10 billion by 2050. Genetically modified crops are therefore important to feed this growing population and maintain food security. The stringent regulations imposed on the approval of GM crops limit the growth of the genetically modified crops market during the period. For instance, in India, only Bt cotton is permitted by the government for cultivation. Genetically modified brinjal was not approved by the environment ministry. Therefore, the stringent regulations imposed by the governments of various countries on the approval of GM crops impact the growth of the market. In October 2020, BASF SE, a Germany-based chemical manufacturing company, acquired ASL for an undisclosed amount. This acquisition was aimed at expanding the melon seed breeding capacities of BASF to secure the most inventive melon breeding research program and increase breeding and seed production in France. ASL is a France based seed production and breeding company that specializes in melons with orange flesh, such as the Cantaloupe and Charentais varieties. The development of better and efficient genome-editing techniques is gaining traction in the genetically modified crops market. Techniques such as haploid induction, reduces the time it takes to develop commercial crop varieties and allows faster genetic improvements in different varieties. For instance, in 2021, Switzerland based agricultural science and technology company, Syngenta published a paper in the international science journal, Nature Biotechnology, detailing their discovery of a genome-editing technique called haploid induction editing (HI-Edit™). The technology allows breeders to modify crops at various stages in the seeds research and development process, reducing substantial cost and time. The current research focused on field corn and sweet corn crops, but the technique could be applied to wheat as well. North America was the largest region in the genetically modified crops market in 2022. South America was the second largest region in the global genetically modified crops market share. The regions covered in the global genetically modified crops market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the genetically modified crops market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The genetically modified crops market consists of revenues earned by entities that are engaged in producing genetically modified corn, genetically modified rice, and other genetically modified crops. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The genetically modified crops market research report is one of a series of new reports from The Business Research Company that provides genetically modified crops market statistics, including global market size, regional shares, competitors with a genetically modified crops market share, detailed genetically modified crops market segments, market trends and opportunities, and any further data you may need to thrive in the genetically modified crops industry. This genetically modified crops market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The autonomous farm equipment refers to the equipment used for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modelling and regulation of agricultural machinery. These farming technologies use the on-farm sensing and control power of automated farming equipment to reach agronomy-based targets. The main product types of autonomous farm equipment are tractors, harvesters, unmanned aerial vehicles (UAVs), and other product types. Harvesters refer to a machine for harvesting crops. The technologies used in autonomous farm equipment are partially autonomous and fully autonomous. The various applications involved are agriculture, horticulture, animal husbandry, forestry, and other applications. The global autonomous farm equipment market is segmented - 1) By Product Type: Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Other Product Types 2) By Technology: Partially Autonomous, Fully Autonomous 3) By Application: Agriculture, Horticulture, Animal husbandry, Forestry, Other Applications The global autonomous farm equipment market size will grow from $67.53 billion in 2022 to $72.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global autonomous farm equipment is expected to grow to $94.59 billion in 2027 at a CAGR of 6.8%. The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use several sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems into run-of-the-mill farming, farmers will experience positive technological effects in the workplace. Alternatively, autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain the 31–100 HP output Asia-Pacific of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market. Major players in the autonomous farm equipment market are Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot, Autonomous Tractor Corporation, Yanmar, Iseki & Co., and Kubota. The fear of unemployment due to automation is a key factor hampering the growth of the autonomous farm equipment market. The developments in AI and robotics would have a significant impact on regular working lifestyles, comparable to the change away from agricultural societies during the industrial revolution. In the US alone, between 39 and 73 million jobs will be automated, representing approximately a third of the total workforce. A recent study estimates that as many as 800 million jobs will be lost to automation worldwide by 2030. Therefore, concerns about the rise in unemployment due to automation are expected to hinder the growth of the autonomous farm equipment market. Companies in the autonomous farm equipment market are focusing on the use of artificial intelligence (AI) for the development of farm equipment. AI enables machines to do a variety of tasks without the assistance of humans. Machines are programmed to accomplish particular activities independently after being developed with high-level computing capability. For example, in June 2020, Kubota Corporation, a Japanese multinational corporation, launched a driverless tractor, equipped with artificial intelligence and electrification technology. It is a fully autonomous tractor for smart agriculture with advanced technology. Similarly, in February 2022, Verdant Robotics, a US based company that manufactures robotics systems, has expanded its robot-as-a-service (RaaS) model with autonomous farm robot including computer vision, artificial intelligence, robotics, GPS (global positioning system)-denied navigation, chemistry, and soil and plant sciences to achieve the next generation of crop production. In August 2021, John Deere, a US-based agricultural, construction, and forestry machinery manufacturer acquired Bear Flag Robotics for a deal value of $250M. Through this acquisition, John Deere is planning to strengthen their position in the agriculture sector. Bear Flag Robotics is a US-based autonomous tractor startup. The Asia-Pacific was the largest region in the autonomous farm equipment market in 2022. North America was the second largest region in the global autonomous farm equipment market share. The regions covered in the global autonomous farm equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the autonomous farm equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The autonomous farm equipment market consists of sales of tractor mounted vertical conveyor reaper, tractor mounted combine harvester, self-propelled combine harvester, self-propelled reaper binder, groundnut digger shaker/harvester, turmeric harvester, and sugarcane harvester. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The autonomous farm equipment market research report is one of a series of new reports from The Business Research Company that provides autonomous farm equipment market statistics, including autonomous farm equipment industry global market size, regional shares, competitors with an autonomous farm equipment market share, detailed autonomous farm equipment market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous farm equipment industry. This autonomous farm equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fertilizing machinery refer to solutions to crop farmers to sow the seeds for crop production and spread fertilizers. The main product types of fertilizing machinery are fertilizer dryers, fertilizer screening machines, fertilizer crushers, fertilizer granulators, and fertilizer mixers. Fertilizer granulators refer to the machines used in fertilizer manufacturing factories. They are suitable for making organic and compound fertilizer materials into specific fertilizers The disc types are single-disc fertilizer spreaders and double-disc fertilizer spreaders. The various applications involved are agriculture, forestry, greenbelt, and other applications. The global fertilizing machinery market is segmented - 1) By Product Type: Fertilizer Dryers, Fertilizer Screening Machines, Fertilizer Crushers, Fertilizer Granulators, Fertilizer Mixers 2) By Disc Type: Single Disc Fertilizer Spreaders, Double Disc Fertilizer Spreaders 3) By Application: Agriculture, Forestry, Greenbelt, Other Applications The global fertilizing machinery market size will grow from $14.83 billion in 2022 to $16.22 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fertilizing machinery market size is expected to grow to $22.22 billion in 2027 at a CAGR of 8.2%. High demand for food crops across the globe is expected to contribute to the growth of the fertilizing machinery market. The expanding agriculture sector is driving the need for fertilizer machines for improving crop growth. According to the Second Advance Estimates for 2021-22, the overall estimated food grain production in India was 316.06 million tonnes. The total production of rice during 2021-22 was estimated to be 127.93 million tonnes. Furthermore, the total production of Nutri/coarse cereals was estimated at 49.86 million tonnes. The rising demand for high-yield food crops to meet the global food demand is inducing the growth of the fertilizing machinery market. Major players in the fertilizing machinery market are Deere & Company, Kuhn Group, AGCO Corporation, Kubota Corporation, Lanco Equipment, CNH Industrial, Mahindra Tractors, Simonsen Industries, Crump Spreaders Australia, and Gason. The restrictions laid on the use of fertilizers due to their impact on the environment limit the growth of the fertilizing machinery market. The overuse of fertilizers can infect both the farm produce as well as the topsoil. For instance, in 2021, Sri Lanka's president banned fertilizers and pesticides and ordered farmers to switch to organic farming immediately. In 2021, according to the National Academy of Sciences, 7 out of 10 agriculture-related deaths are caused by emissions from livestock waste and fertilizer applications. Fertilizers consist of substances and chemicals like methane, carbon dioxide, ammonia, and nitrogen, the emission of which has contributed to a great extent to the number of greenhouse gases present in the environment, thereby, leading to global warming and weather changes. Therefore, imposing a ban on fertilizers to protect the environment restrains the fertilizing machinery market. The launch of fertilizer drone machines is gaining popularity in the fertilizing machinery market. Fertilizer drone machines can be used for the fertilization of crops such as rice, wheat, vegetables, seeding, flowers, and others. It can also reduce the use of pesticides by 20% compared to manual operations, greatly reduce operating time, reduce the cost of growers, and increase spraying accuracy. For instance, in 2021, Da-Jiang Innovations (DJI) launched DJI AGRAS T20, an agriculture drone with an upgraded spraying system. The DJI AGRAS T20 can carry a maximum payload of 20kg, and the layout of the nozzles has been optimized to improve the uniformity of spray droplets by 20% and the spray width by seven meters. This improved form of system is designed for various applications, such as grassland reseeding, granular fertilizer spreading, and the spreading of feed for fish and shrimp In October 2020, Escorts, an Indian multinational conglomerate that operates in the sectors of agricultural machinery, construction machinery, material handling, and railway equipment acquired a 40 % stake in Kubota agricultural machinery for an undisclosed amount. This acquisition will raise Kubota’s stake in the Indian company to 14.99% from 9.09%, Escorts. Kubota is an India-based agricultural machinery manufacturer. The Asia-Pacific was the largest region in the fertilizing machinery market in 2022. North America was the second largest region in the global fertilizing machinery market analysis. The regions covered in the global fertilizing machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fertilizing machinery market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The fertilizing machinery market consists of sales of wheel hoe, cono weeder, self-propelled power weeder, fertilizer band placement cum earthing up machine, tractor operated fertilizer dibbler for ratoon sugarcane, and GPS based variable rate granular fertilizer applicator. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fertilizing machinery market research report is one of a series of new reports from The Business Research Company that provides fertilizing machinery market statistics, including fertilizing machinery industry global market size, regional shares, competitors with a fertilizing machinery market share, detailed fertilizing machinery market segments, market trends and opportunities, and any further data you may need to thrive in the fertilizing machinery industry. This fertilizing machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Earthmoving machinery refers to any piece of heavy machinery that can move and grade soil and rock. The main equipment for earthmoving is excavators, loaders, dump trucks, and other equipment. Excavator refers to a workman who excavates for foundations of buildings or quarrying. The various applications involved are construction, underground, mining, and surface mining. The various end-users included are construction, mining, agriculture and forestry, and other end-users. The global earthmoving market is segmented - 1) By Equipment: Excavators, Loaders, Dump trucks, Other Equipments 2) By Application: Construction, Underground, Mining, Surface Mining 3) By End-User: Construction, Mining, Agriculture & forestry, Other End-Users The global earthmoving market size will grow from $95.2 billion in 2022 to $100.06 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global earthmoving is expected to grow to $116.99 billion in 2027 at a CAGR of 4.0%. The rising urban population generating higher demand for better infrastructure is expected to propel the earthmoving market over the forecast period. The increase in the urban population contributes to the demand for improved and advanced infrastructure. According to The International Institute for Environment and Development, the world's urban population has increased to 4.4 billion in 2020. Furthermore, according to United Nations, Department of Economic and Social Affairs the proportion is expected to reach 68% by the end of 2050. This four-fold growth creates a need for more infrastructure, increased urban development, and more building activities to accommodate people. Thus, propels the demand for construction equipment including earthmoving, as these machines are used for land clearing, lifting, and other heavy work. Major players in the earthmoving market are Hyundai Heavy Industries Co. Ltd., J.C. Bamford Excavators Limited, AB Volvo, Doosan Infracore Co. Ltd., SANY America, Liebherr Group, Hitachi Construction Machinery Co. Ltd., Caterpillar Inc., Komatsu, and Bobcat Company. High capital and maintenance costs associated with earthmoving equipment are expected to hinder the market. Earthmoving equipment is a heavy machine that a company has to invest extensively to purchase. For instance, the cost of CAT bulldozers ranges from $250,000 to $2.2 million. The following major expense that the company faces is maintenance, which is the result of the downtime of the equipment in the company. The financial burden increases on the company due to high equipment and maintenance costs. Thus, the high cost of equipment is expected to further limit the growth of the earthmoving market during the forecast period. Major players operating in the market are concentrating on introducing new technological innovations which are gained popularity over recent years. Companies manufacturing earth-moving equipment are focusing on incorporating 5G cellular technology to advance remote operation toward real-time control. The ultra-low latency of 5G enables systems controlling a vehicle to react sooner, such as during braking or turning, vastly improving safety on the Jobsite. The 5G network also promises to advance artificial intelligence, virtual reality as well as IoT technologies for better remote control and connectivity. For instance, in March 2020, Zoomlion Heavy Industry Science and Technology Co., a Chinese producer of engineering and agricultural equipment launched two G-series hydraulic excavator flagship products the ZE75G and ZE215GLC with 5G technology incorporated. In March 2020, K-Tec Earthmovers Inc. (K-Tec), a Canadian company that manufactures efficient earthmoving scrapers for construction and mining sites merged with Ashland Industries (Ashland), a manufacturer of earthmoving equipment. The merged company will have manufacturing and service locations in Rosenort, Manitoba, Canada, and Ashland, Wisconsin, United States. The merger allows both companies to offer an extensive product line of earthmoving scrapers in the industry. The combination also expects to provide shorter lead times for customers and accelerated product design and launch. Ashland Industries (Ashland) is a US-based manufacturer of earthmoving equipment for the agricultural, industrial, and construction sectors. Asia-Pacific was the largest region in the earthmoving market in 2022. Western Europe was the second-largest region in the global earthmoving market share. The regions covered in the global earthmoving market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the earthmoving market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The earthmoving machinery market consists of sales of backhoe loaders, bulldozers, skid-steer loaders, trenchers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The earthmoving market research report is one of a series of new reports from The Business Research Company that provides earthmoving market statistics, including earthmoving industry global market size, regional shares, competitors with an earthmoving market share, detailed earthmoving market segments, market trends, and opportunities, and any further data you may need to thrive in the earthmoving industry. This earthmoving market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The agriculture, construction, and mining machinery refer to machinery that is designed for use in the agriculture, construction, and mining industries. The agriculture, construction, and mining machinery market consist of sales of machinery including farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment, construction machinery, surface mining machinery, logging equipment, and oil and gas field and underground mining machinery and equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The global agriculture, construction, and mining machinery market is segmented - 1) By Type: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery 2) By Operation: Autonomous, Semi-Autonomous, Manual 3) By Capacity: Small, Medium, Large Subsegments 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 The main types of agriculture, construction, and mining machinery are construction machinery, agricultural implement, and mining and oil and gas field machinery. The construction machinery market refers to the equipment related to construction. The various operations include autonomous, semi-autonomous, and manual. The various cAsia-Pacificity includes small, medium, and large. The global agriculture, construction, and mining machinery market size grew from $743.74 billion in 2022 to $803.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size global agriculture, construction, and mining machinery market is expected to grow to $1,060.64 billion in 2027 at a CAGR of 7.2%. The agriculture, construction, and mining machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. Major companies in the agriculture, construction, and mining machinery market include Deere & Company, Komatsu Ltd., Caterpillar Inc., EXOR Group, Kubota Corp, CNH Industrial NV, Volvo AB, AGCO Corporation, Liebherr Group, and Zoomlion Heavy Industry Science and Technology Co. Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the agriculture, construction, and mining machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the agriculture, construction, and mining machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. 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 farm equipment operating in a field and then transferring the data to customers through the internet on a real-time basis. This enables farmers to remotely collect and manage information from their field equipment, enhance operational efficiencies and reduce production costs. Major companies offering telematics technology include Trimble’s Connected Farm, John Deere’s JD Link Ultimate, and AGCO’s AgCommand Advanced Telematics service. The Asia-Pacific was the largest region in the agriculture, construction, and mining machinery market share in 2022. Western Europe was the second largest region in the agriculture, construction, and mining machinery market. The regions covered in the global agriculture, construction, and mining machinery industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agriculture, construction, and mining machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The agriculture, construction, and mining machinery market consist of sales of machinery including farm machinery and equipment, power mowing equipment, and other powered home lawn and garden equipment, construction machinery, surface mining machinery, logging equipment, and oil and gas field and underground mining machinery and equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agriculture, construction, and mining machinery market research report is one of a series of new reports from The Business Research Company that provides agriculture, construction, and mining machinery market statistics, including agriculture, construction, and mining machinery industry global market size, regional shares, competitors with agriculture, construction, and mining machinery market share, detailed agriculture, construction, and mining machinery market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture, construction, and mining machinery industry. This agriculture, construction, and mining machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Agricultural Implement Market Definition

The agricultural implement market consists of sales of farm machinery and equipment, lawn and garden tractors, and home lawn and garden equipment by entities (organizations, sole traders or partnerships) that produce agricultural implements. The market includes agriculture and farm machines such as tractors, cotton ginning machinery, feed processing equipment, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm-type), plowing equipment, combines (harvesting threshers), poultry brooders, feeders and waterers, push lawn mowers, ride-on mowers, snow blowers and throwers (residential-type), and attachments (lawn and garden-type and farm-type), garden tools, and autonomous farm equipment.

The lime and gypsum product market consists of sales of lime and gypsum products by entities (organizations, sole traders and partnerships) manufacturing lime from calcitic limestone or other calcareous materials, such as coral, chalk and shells and manufacturing gypsum products such as wallboard, plaster, plasterboard, molding, ornamental moldings, statuary, and architectural plaster work. Raw materials used for lime and gypsum product manufacturing include calcite limestone, dolomite limestone, and other calcareous materials such as coral, chalk, and shells. Limestone quarried by blasting the mines is crushed and fed into a rotary kiln. The rotary kiln transforms the limestone into lime when subjected to high temperature. Lime refining process includes milling, hydration, and lime slurry preparation. Gypsum is used in production of plaster, plaster boards, gypsum fireboards and gypsum blocks. Small quantities of high-purity gypsum are also used in confectionary, food, brewing, sugar beet refining, and the pharmaceuticals industry.