The increasing need to improve operational efficiency in the farms is expected to drive the growth of the US agricultural equipment market. According to TechSci Research report, “United States Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Region, Forecast & Opportunities, 2025”, the United States agricultural equipment market is expected to grow at a steady rate during the forecast period on account of the growing focus of farmers towards food safety & security.
The Important Aspects of the USA Agricultural Equipment Market
the booming food & beverage industry is further expected to propel the market growth through 2025. Also, scarcity of workforce further drives the market growth. Furthermore, benefits such as ease of farming, increased profit margins, improved crop quality, and less labor cost, among others, associated with the use of agricultural equipment are further expected to spur market growth over the next few years. Besides the adoption of smart agriculture, precision agriculture, and agriculture 4.0 solutions are further expected to fuel the market growth during the forecast period. However, the growing urban job culture and a shift towards the service sector from the agriculture sector might hamper the market growth over the next few years. Also, fluctuating prices of raw materials might further impede the market growth during the forecast period.
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The US agricultural equipment market is segmented based on type, automation, sales channel, application, company, and region. Based on type, the market can be categorized into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment, and others. Among these, the harvesters segment is expected to register the highest growth in the market on account of the need to increase the yield, while reducing the overall labor costs. Additionally, they also provide fuel efficiency.
Based on sales channels, the market can be split into OEMs and aftermarkets. Here, the OEM segment is expected to dominate the market owing to the growing demand for agricultural equipment. Based on application, the market can be fragmented into land development & seedbed preparation, sowing & planting, weed cultivation, plant protection, harvesting & threshing, post-harvest & agro-processing, and others. Here, the weed cultivation segment is also expected to witness significant growth on account of the widespread use of agricultural equipment such as shovels, and plows, among others, to reduce the time of weeding.
The Major Competitors of the United States Agricultural Equipment Market
- AGCO Corporation
- Deere & Company
- Daedong Industrial Co., Ltd
- Alamo Group
- Buhler Industries
- Autonomous Tractor Corporation
- Mahindra Agriculture North America
- CNH Industrial
- Kverneland Group
- Escorts Group and others are some of the leading players operating in the United States agricultural equipment market. The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.
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“US agricultural equipment market during the forecast period, owing to increasing adoption of modern farming technologies. Additionally, the incorporation of GPS, robotic systems, and Google Earth, among others, in the agricultural industry is further expected to fuel market growth through 2025. Furthermore, the presence of major market players such as John Deere, and AGCO Corporation, among others in the region, is expected to create lucrative opportunities for market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of United States agricultural equipment market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States agricultural equipment market.
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