Farm Tractor Rental Global Market Report 2023 – By Type (Internal Combustion Engine (ICE), Electric), By Operations (Manual Tractor Vehicle, Autonomous Tractor Vehicle), By Power Output (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, >250 HP), By Drive type (Two Wheel, Four Wheel), By Application (Harvesting, Seed Sowing, Irrigation, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Tractor implements refer to a collection of tools that are attached to an agricultural tractor used in agricultural practices to reduce human labour and enhance field crops. A tractor is used to pull or push the machinery and make farming operations more convenient. Agricultural implements towed behind or mounted on the tractor also provide a source of power if the implement is mechanized. The main functions of tractor implements are tillage, irrigation and crop protection, sowing and planting, harvesting and threshing, and others. The tillage tractor implements are used to open up and loosen the soil. Tillage is the mechanical manipulation of soil for crop production that has a substantial impact on soil properties such as soil water conservation, soil temperature, infiltration, and evapotranspiration processes. The various power types include powered and unpowered, which are divided by drive into 2-wheel drive and 4-wheel drive. The global tractor implements market is segmented - 1) By Phase: Tillage, Irrigation And Crop Protection, Sowing And Planting, Harvesting And Threshing, Other Phases 2) By Power: Powered, Unpowered Implements 3) By Drive: 2-Wheel Drive, 4-Wheel Drive The global tractor implements market size grew from $64.92 billion in 2022 to $70.27 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of global tractor implements is expected to grow to $90.12 billion in 2027 at a CAGR of 6.4%. The increase in irrigation and crop protection is expected to propel the growth of the tractor implements market going forward. Irrigation is the process of supplying water to land in order to assist agricultural development. Puddlers, a type of tractor implement, are used in crop fields, notably in rice plantations, to aid with growth and irrigation. The growing availability of harvesting and sowing machinery is driving up demand for irrigation and crop protection, which is significantly expanding the tractor implements industry. For instance, according to data published by The World Bank, a US-based group of five international organizations, in 2020 70% of all freshwater withdrawals globally are currently accounted for the needs of agriculture. The World Bank also stated that by 2050, agriculture production will increase by nearly 70%, resulting in increasing demand for irrigation and crop protection. Therefore, the increase in irrigation and crop protection will drive the growth of the tractor implements market. Major players in the tractor implements market are CLAAS Group, Deere & Company, Kubota Corporation, Mahindra & Mahindra Limited, Tractors and Farm Equipment Limited, JCB, CNH Industrial N.V., SDF Group, Actuant Corporation, Kuhn Group, Alamo Group Inc., AGCO Corporation, Sonalika Tractors , Escorts Limited, John Deere, Enerpac Tool Group, and Bucher Industries. Technological advancements have emerged as the key trend gaining popularity in the tractor implements market. Major companies operating in the tractor implements sector are focused on developing new technological solutions to reinforce their position. For instance, in February 2022, Carbon Robotics, a US-based agricultural robotics startup, introduced the new self-driving LaserWeeder implement, which is a self-driving laser weeding robot that can be attached to a tractor through a three-point hitch. The prime advantage of the LaserWeeder implement includes cost-effective weed control for row crops. In October 2021, Kverneland Group, a Norway-based agricultural machinery manufacturer, acquired 80% of the shares of ROC S.R.L. company for an undisclosed amount. Kverneland Group was strengthened by the acquisition, which allowed it to add new product lines and generate synergies between the two companies. It also offers considerable benefits in a number of areas, including product development, manufacturing, and, most crucially, the further digitization of farming systems and solutions. ROC S.R.L is an Italy-based agricultural, mining, and construction equipment manufacturer. Asia-Pacific was the largest region in the tractor implements market in 2022 The regions covered in the global tractor implements market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the tractor implements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The tractor implements market consists of revenues earned by entities by providing services such as digging, plowing, cultivating, harrowing, and seeding. The market value includes the value of related goods sold by the service provider or included within the service offering. The tractor implements market also includes sales of rotavators, ploughs, cultivators, tractor-trailers, harrows, mulchers, and many others. 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 tractor implements market research report is one of a series of new reports from The Business Research Company that provides tractor implements market statistics, including global market size, regional shares, competitors with a tractor implements market share, detailed tractor implements market segments, market trends and opportunities, and any further data you may need to thrive in the tractor implements industry. This tractor implements 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.

Lawn and garden tractor refer to higher horsepower engines to support the demands of multiple tasks while lawn tractors typically provide lower horsepower engines since they specialize mainly in lawn mowing. Lawn and garden equipment refer to tools used for gardening. The main product types of lawn and garden tractors and home lawn and garden equipment are blowers, chain saws, cutters and shredders, tractors, lawnmowers, sprinklers and hoses, and other product types. Chain saws refer to portable power saws that is having teeth linked together to form an endless chain. The power is manual, electric-powered, gas-powered, and other power. The operation is a walk-behind, rider, and other operations. The various end-users involved are residential users, professional landscaping services, and other end users. The global lawn and garden tractor and home lawn and garden equipment market is segmented – 1) By Product Type: Blowers, Chain Saws, Cutters & Shredders, Tractors, Lawn Mowers, Sprinkler & Hoses, Other Product Types 2) By Power: Manual, Electric-Powered, Gas-Powered, Other Powers 3) By Operation: Walk behind, Rider, Other Operations 4) By End User: Residential Users, Professional Landscaping Services, Other End Users The global lawn and garden tractor and home lawn and garden equipment market size will grow from $32.12 billion in 2022 to $33.6 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. 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 lawn and garden tractor and home lawn and garden equipment is expected to grow to $39.16 billion in 2027 at a CAGR of 3.9%. Growing golf course areas and development in the green space have led to a rise in demand for lawn and garden tractors and the home lawn and garden equipment market. Garden tractors are used for regular maintenance of golf courses. According to the National Golf Foundation, around 25.1 million Americans played golf in 2021 19. The surge in the number of people playing golf is generating higher demand for golf courses. Therefore, the surge in golf courses and green space resulted in increased spending on garden equipment, garden tractor, lawn, and home lawn equipment. Major players in the lawn and garden tractor and home lawn and garden equipment market are Ariens Company, Deere & Company, Husqvarna AB, Briggs & Stratton Corporation, The Toro Company, STIHL Holding AG & Company KG, Emak, Stanley Black and Decker Inc., Echo, and Makita Corporation. The high price of the garden tractor, as compared to a lawn tractor is expected to limit the growth of the lawn and garden tractor and home lawn and garden equipment market. Garden tractors are considered more versatile and heavy-duty, thus costing more than lawn tractors. The price of garden tractors ranges between $2,200 and $8,000, whereas lawn tractors are priced between $1,200 and $2,200. Hence, the higher price of the garden tractor as compared to a lawn tractor is a burden for individuals and is likely to hurt the sales of garden tractors. Technological advancements have emerged as a key trend gaining popularity in the lawn and garden tractor and home lawn and garden equipment market. Major companies operating in the market are focused on introducing new technologies such as battery powered equipment in order to offer better convenience and features to customers. For example, in 2022, US based power tools and equipment manufacturer, ECHO Incorporated launched the ECHO eFORCE™ 56V Battery System. The new line of battery-powered outdoor equipment designed for consumer lawn and garden care provides homeowners a superior option of powerful and easy-to-use outdoor tools for the home garden, with the same high-quality and power used by professional landscapers. In January 2020, The Toro Company, a US-based company that deals with turf maintenance, landscape, rental and specialty construction equipment, and irrigation solutions acquired Venture Products, Inc., a manufacturer of Ventrac-branded products for $167.5 million. The acquisition supports growth strategy in the professional market with the addition of a strong brand and expanded product offering to customers in the turf, landscape, and snow and ice maintenance categories. Venture Products Inc., is a US-based manufacturer of equipment for turf and landscape grounds management, sidewalk snow removal, and specialty grounds care maintenance. The Asia-Pacific was the largest region in the lawn and garden tractor and home lawn and garden equipment market in 2022. North America was the second largest region in the agricultural implement market share. The regions covered in the global lawn and garden tractor and home lawn and garden equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the lawn and garden tractor and home lawn and garden equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The lawn and garden tractor and home lawn and garden equipment market consists of sales of hand cultivator, tractor, lawn mower, harrow, spade, secateur, garden fork, sprinkler, rake, pruning saw, spray pump, grass shear, budding. 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 lawn and garden tractor and home lawn and garden equipment market research report are one of a series of new reports from The Business Research Company that provides lawn and garden tractor and home lawn and garden equipment market statistics, including lawn and garden tractor and home lawn and garden equipment industry, global lawn and garden tractor and home lawn and garden equipment market size, regional shares, competitors with a lawn and garden tractor and home lawn and garden equipment market share, detailed lawn and garden tractor and home lawn and garden equipment market segments, lawn and garden tractor and home lawn and garden equipment market trends and opportunities, and any further data you may need to thrive in the lawn and garden tractor and home lawn and garden equipment industry. This lawn and garden tractor and home lawn and garden equipment market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The farm machinery and equipment refer to equipment engaged in manufacturing agricultural and farm machinery and equipment, and other turfs and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type). The main types of farm machinery and equipment are cultivator, rotator, chisel plow, harvester, roller, field sprayer and spreader, irrigation system, livestock equipment, tractors, and other types. Chisel plow refers to a soil tillage device pulled by a tractor or animal, used to break up and stir soil a foot or more beneath the surface without turning it. The capacities are small, medium, and large. The operation is manual, semi-autonomous, and fully autonomous. The various applications involved are spraying, water supply and conservation, cultivation, harvesting, seeding, weeding, livestock farming, and other applications. The global farm machinery and equipment market is segmented – 1) By Type: Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock equipment, Tractors, Other Types 2) By Capacity: Small, Medium, Large 3) By Operation: Manual, Semi-Autonomous, Fully-Autonomous 4) By Application: Spraying, Water Supply And Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Other Applications The global farm machinery and equipment market size will grow from $216.1 billion in 2022 to $232.61 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 farm machinery and equipment is expected to grow to $303.75 billion in 2027 at a CAGR of 6.9%. The integration of Internet of Things (IoT) applications in farm equipment is expected to drive the market for farm machinery and equipment. The world's population will surpass 9 billion people by 2050. Farmers need access to better instruments and practices that will help them to deliver more agricultural products in less time. Farmers need to adopt new and modern technologies to produce food for the ever-expanding population. For instance, the utilization of a smart greenhouse that operates with the help of IoT enables monitoring and controlling of climate without human intervention. The IoT sensors in the smart greenhouse provide information on the light levels, pressure, humidity, and temperature and also control the actuators automatically to open a window, turn on lights, control a heater, turn on a mister, or turn on a fan. Therefore, IoT help increases production with reduced labor and drives the farm machinery and equipment market. Major players in the farm machinery and equipment market are AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V, Escorts Group, ISEKI & Co. Ltd., John Deere (Deere & Company), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), and Valmont Industries Inc. Eco-friendly electric tractors are likely to be an emerging trend in the farm machinery and equipment market. Eco-friendly tractors operate through electronic batteries that can be recharged simply by plugging them into a standard socket and don’t require any kind of fuel that creates air pollution. There are also many tractors where farmers can install wind or solar power to produce electricity to charge the tractor’s batteries. For instance, in India, in March 2020, a startup company Celestial E-Mobility launched an electric tractor, which is not only eco-friendly and cost-effective but also gives the same power as that of its diesel counterpart and is available cheaper than diesel tractors. The zero-emission tractor features battery swapping, and regenerative braking, and also helps to power an UPS. 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 farm machinery and equipment market in 2022. North America was the second largest region in the global farm machinery and equipment market share. The regions covered in the global farm machinery and equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the farm machinery and equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The farm machinery and equipment market consists of sales of combine harvester, rotavator or rotary tiller, plough or plow, tractor trailer, power harrow, leveler, water bowser, ripper machine, and disc harrow. 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 farm machinery and equipment 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 farm machinery and equipment market research report is one of a series of new reports from The Business Research Company that provides farm machinery and equipment market statistics, including farm machinery and equipment industry global market size, regional shares, competitors with a farm machinery and equipment market share, detailed farm machinery and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the farm machinery and equipment industry. This farm machinery and 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.

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.

Powered agriculture equipment refers to the tools that farmers used in farming and agriculture. The powered agriculture equipment are used by the farmers for cultivation in farming that includes cultivation, weeding, sowing, and tillage. The main types of products in the powered agriculture equipment include tractors, combine harvesters, sprayers, soil preparation and cultivation equipment, seed drill, and other product types. A tractor refers to a low-speed, high-power traction vehicle designed for use off the road. The types of propulsions in powered agriculture equipment include battery-electric and hybrid-electric. The different power outputs of powered agriculture equipment include <30 hp, 31–70 hp, 71–130 hp, 131–250 hp, and >250 hp. The various applications of powered agriculture equipment include harvesting, sowing and planting, spraying and fertilizing, and other applications. The global powered agriculture equipment market is segmented - 1) By Product Type: Tractors, Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill, Other Product Types 2) By Propulsion: Battery Electric, Hybrid Electric 3) By Power Output: <30 HP, 31–70 HP, 71–130 HP, 131–250 HP, >250 HP 4) By Application: Harvesting, Sowing and Planting, Spraying and Fertilizing, Other Applications The global powered agriculture equipment market size will grow from $88.77 billion in 2022 to $97.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. 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 powered agriculture equipment is expected to grow to $137.93 billion in 2027 at a CAGR of 9.1%. Increasing demand for organic food is expected to propel the growth of the powered agriculture equipment market going forward. Organic food refers to food that is certified to have grown on soil that had no prohibited substances applied for three years prior to harvest. The rapid growth in organic food is expected to boost demand for powered agricultural equipment, as commercial farmers are investing in advanced equipment to reduce their operational expenditure and increase profits. For instance, according to the United States Department of Agriculture, a US-based federal executive department responsible for developing and executing federal laws related to farming, organic products are available in about 20,000 natural food stores and nearly 3 out of 4 conventional stores in the US. Therefore, increasing demand for organic food is expected to boost demand for powered agriculture equipment during the forecast period. Major players in the powered agriculture equipment market are AGCO Corporation, John Deere, Mahindra & Mahindra Limited, CNH Industrial N.V., Kubota Corporation, CLAAS Group Ltd., Alamo Group Inc., Escorts Limited, Iseki & Co., Ltd., SDF Group, Trimble Inc., Parrot SA, Harvest Automation Inc., PrecisionHawk, and Tirth Agro Technology Private Limited. Product innovation is a key trend gaining popularity in the powered agriculture equipment market. Many companies operating in the powered agriculture equipment market are developing new products to increase crop productivity and household incomes. For instance, in January 2022, John Deere, a US-based manufacturer of agricultural machinery, showcased a fully autonomous tractor during a press conference at CES 2022. The self-driving tractor has a specific purpose of feeding the globe. The autonomous tractor is equipped with six stereo cameras that allow for 360-degree obstacle detection and distance computation. In August 2021, Deere & Company, a US-based manufacturer of agricultural machinery acquired Bear Flag Robotics for $250 million. The acquisition would create better autonomous machinery for farmers and help the company to acquires a larger share of the market. Bear Flag Robotics is a US-based manufacturer of autonomous driving technology compatible with existing farming machines. Asia-Pacific was the largest region in the powered agriculture equipment market in 2022. The regions covered in the powered agriculture equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the powered agriculture equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The powered agriculture equipment market consists of sales of plows, harrows, fertilizer spreaders, seeders and balers. 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 powered agriculture equipment market research report is one of a series of new reports from The Business Research Company that provides powered agriculture equipment market statistics, including powered agriculture equipment industry global market size, regional shares, competitors with a powered agriculture equipment market share, detailed powered agriculture equipment market segments, market trends and opportunities, and any further data you may need to thrive in the powered agriculture equipment industry. This powered agriculture 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.

Agricultural implements refer to tools, which are required to carry out agricultural practices to decrease human labor and improve field crop yield. The main types of agriculture implements are farm machinery and equipment, lawn and garden tractors, and home lawn and garden equipment. The farm machinery and equipment refer to the machinery that is used for the farm. The various operations include autonomous and semi-autonomous, manual. These various capacities include small, medium, and large. These are used in land development and seedbed preparation, sowing and planting, weed cultivation, plant protection, harvesting and threshing, and post-harvest and agro-processing. The global agricultural implement market is segmented - 1) By Type: Farm Machinery And Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment 2) By Operation: Autonomous, Semi-autonmous, Manual 3) By Capacity: Small, Medium, Large 4) By Application: Land Development and Seed Bed Preparation, Sowing and Planting, Weed Cultivation, Plant Protection, Harvesting and Threshing, Post-Harvest and Agro Processing Subsegments Covered: Cotton Ginning Machinery, Feed Processing Equipment, Fertilizing Machinery, Haying Machines, Milking Machines, Planting Machines, Plows, Poultry Brooders, Feeders, And Waterers, Combines (i.e., Harvester-Threshers), Other Farm Machinery And Equipment, Push Lawn Mowers, Riding Mowers, Other Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing The global agricultural implement market size grew from $248.22 billion in 2022 to $266.21 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. 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 agricultural implement is expected to grow to $342.91 billion in 2027 at a CAGR of 6.5%. The agricultural implement 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 growth of the agricultural implement market during the forecast period. Major companies in the agricultural implement market include Deere & Company, Kubota Corp, CNH Industrial NV, AGCO Corporation, EXOR Group, Claas KGaA mbH, The Toro Company, Tetra Laval International S.A, Bucher Industries AG, and Techtronic Industries Co. Ltd. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the agricultural implement 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 implement 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. 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 smartphone. These technologies are known to considerably increase farm output and decrease labor costs. For instance, according to a report by Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and reduce farm labor costs. Companies offering driverless tractor and robot technologies including CNH Industrial, Deere, and AGCO have already started developing such technology. The Asia-Pacific was the largest region in the agricultural implement market in 2022. North America was the second largest region of global agricultural implement market share. The regions covered in the global agricultural implement market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the agricultural implement 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 agricultural implement market consists of sales of harvesting implements, planting machines, soil cultivation implements, and irrigation machinery. 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 agricultural implement market research report is one of a series of new reports from The Business Research Company that provides agricultural implement market statistics, including agricultural implement industry global market size, regional shares, competitors with an agricultural implement market share, detailed agricultural implement market segments, market trends and opportunities, and any further data you may need to thrive in the agricultural implement industry. This agricultural implement 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 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.

A machine is an equipment with several moving parts that are mechanically, electrically, or electronically operated to perform a specific task. The main types of machinery are automatic and semi-automatic. Automatic machinery refers to machinery that works automatically without human intervention. The specificities are small, medium, and large. The various applications are automotive, precision engineering, transport, and other applications. The global machinery market is segmented - 1) By Type: Automatic, Semi-Automatic 2) By Capacity: Small, Medium, Large 3) By Application: Automotive, Precision Engineering, Transport, Other Applications Subsegments Covered: Construction Machinery, Agricultural Implement, Mining And Oil And Gas Field Machinery, Woodworking And Paper Machinery, Other Industrial Machinery, Printing Machinery And Equipment, Semiconductor Machinery, Food Product Machinery, Other Commercial And Service Industry Machinery, Photographic And Photocopying Equipment, Optical Instrument And Lens, HVAC And Commercial And Industrial Refrigeration Equipment, Commercial Fan And Air Purification Equipment, Heating Equipment (except Warm Air Furnaces), Special Die And Tool, Die Set, Jig, And Fixture, Machine Tool, Industrial Mold, Rolling Mill And Other Metalworking Machinery, Cutting Tool And Machine Tool Accessory, Commercial Internal Combustion Engines, Turbine And Turbine Generator Set Units, Mechanical Power Transmission Equipment, Speed Changer, Industrial High-Speed Drive, And Gear The global machinery market size grew from $3,542.77 billion in 2022 to $3,810.37 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 machinery market is expected to grow to $4,928.07 billion in 2027 at a CAGR of 6.6%. Rapid advances in technology are expected to drive innovation in machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolios and enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, and central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the machinery manufacturing market during the forecast period. Major companies in the machinery market include Caterpillar Inc., Deere & Company, Hitachi Ltd., Mitsubishi Heavy Industries Ltd., Komatsu Ltd., Johnson Controls International plc, Gree Electric Appliances Inc., Midea Group co Ltd., Canon Inc., and Tetra Laval International S.A. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the 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 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. HVAC systems are being integrated with building automation systems for the overall management of a building to maximize energy efficiency. BAS receives analog or digital inputs from the sensors installed in HVAC and the integrated system is managed by a single dashboard accessed from a computer. These integrated systems improve building performance, save energy, and shrink the environmental footprint. HVAC systems account for 60-70% of the total energy consumption of a typical commercial building, thus integrated systems enable commercial establishments to reduce power consumption. For example, advanced BAS technology integrates lighting, water, elevators, security, and HVAC systems into a single automated platform. An integrated lighting and HVAC system automatically controls the lighting and temperature to ideal levels, thus reducing energy consumption and costs. GE and Trane are offering solutions that integrate HVAC with BAS. The Asia-Pacific was the largest region in the machinery market in 2022. Western Europe was the second largest region in the machinery market. The regions covered in the this machinery market analyis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the 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 machinery market consists of sales of industrial and commercial machinery such as farm machinery and equipment, construction machinery, oil and gas field and underground mining machinery and equipment, food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), printing and binding machinery and equipment, photographic and photocopying equipment, automatic vending machinery, commercial laundry and dry-cleaning machinery, office machinery, automotive maintenance equipment (except mechanics' hand tools), commercial-type cooking equipment and machinery for making paper products, textiles, plastic products, rubber products and optical instruments. 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 machinery market is segmented into agriculture, construction, and mining machinery; industrial machinery; commercial and service industry machinery; ventilation, heating, air-conditioning, and commercial refrigeration equipment; metalworking machinery; engine, turbine, and power transmission equipment; and other general purpose machinery. 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 machinery market research report is one of a series of new reports from The Business Research Company that provides machinery market statistics, including machinery industry global market size, regional shares, competitors with a machinery market share, detailed machinery market segments, market trends, and opportunities, and any further data you may need to thrive in the machinery industry. This 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.