Agricultural machinery is used to optimize and add precision to agriculture practices at a large scale. The agricultural machinery market in the US comprises machinery and equipment used for performing agriculture practices. The global agricultural machinery market is expected to grow significantly during the forecasted period. The major reason for this growth is the dependence on agricultural land and farm output. The global agricultural production is expected to increase along with the demand. However, the production has slowed down in different phases in recent years due to a huge fluctuation in the price of raw materials used for manufacturing agricultural machinery. Furthermore, the decline in prices of commodities has hampered the growth of the market.
Technavio’s analysts forecast the agricultural machinery market in the US to grow at a CAGR of 5.17% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the agricultural machinery market in the US for 2017-2021. To calculate the market size, the report considers the new sales value and spares market.
Technavio’s report, Agricultural Machinery Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • CLAAS • Daedong-USA • Krone • KUHN Group • Lely • Mahindra & Mahindra • Vermeer
Market driver • High labor cost and workforce scarcity • For a full, detailed list, view our report
Market challenge • Fluctuating raw material prices • For a full, detailed list, view our report
Market trend • Rise in technological innovation • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Our reports have been used by over 10K customers, including:
A welcome change: Drought-breaking rainfall has boosted demand and revenue for industry SMEs Abstract Agricultural Machinery Manufacturing in Australia Industry SMEs manufacture agricultural machinery, equipment and specialised parts. Repair services are excluded from the industry. This report...
Flooded engine: An anticipated recovery of the Canadian and global economy is expected drive revenue growth Abstract Engine & Turbine Manufacturing in Canada The Engine and Turbine Manufacturing industry in Canada primarily produces diesel engines for heavy-duty vehicles, trains and marine applications,...
Keeping it rural: Improving demand for agricultural products will likely stimulate demand for industry machinery Abstract Tractors & Agricultural Machinery Manufacturing in Canada The Tractors and Agricultural Machinery Manufacturing industry in Canada has grown slowly but steady despite fluctuations...
The combine harvesters market is projected to register a CAGR of 3.7% during the forecast period. Increasing farm mechanization is one of the most important reasons behind the growth of the combine harvester market. Farm mechanization saves time and labor, cuts down crop production costs, in the long run, reduces post-harvest losses, and boosts...
Breaking ground: Expected technological advances are forecast to incentivize new purchases Abstract Tractors & Agricultural Machinery Manufacturing in the US The Tractors and Agricultural Machinery Manufacturing industry has experienced a significant decline in revenue over the five years to 2019. Favorable...
The drip irrigation market is projected to grow at a CAGR of 10.8%; the key drivers include efficiency in water use in drought-prone areas, cost efficiency in agriculture production and enhanced crop yields
The drip irrigation market is estimated at USD 5.5 Billion in 2020 and projected to grow at a CAGR of 10.8%, to reach USD 9.3...
Abstract Farming Machinery Manufacturing in China Firms in the Farming Machinery Manufacturing industry manufacture agricultural and farm-related mechanical machinery and equipment. The industry mainly manufactures machinery used for soil treatment, crop farming or fertilization, plant harvesting and gardening. This...
82 pages •
By Asia Market Information & Development Company
• Sep 2020
This study focuses on China’s Farm Equipment industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one...
Mowed down by competition: Growth in imports has contained industry revenue increases Abstract Agricultural Machinery Manufacturing in New Zealand Industry operators primarily manufacture agricultural machinery and parts, including tractors, lawnmowers, and planting and harvesting equipment. This...
The tractors market is expected to register a CAGR of 3.83%, during the forecast period, 2020-2025. - The tractor segment, which covered a major share of 39% in the agricultural machinery market in 2018, is anticipated to remain a major machinery segment, during the forecast period, owing to the increasing demand for high horse-power...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.