The Agriculture Equipment Market is poised for robust growth, with projections indicating a noteworthy market value of $199.7 billion by the year 2030. This expansion is anticipated to occur at a commendable Compound Annual Growth Rate (CAGR) of 5.2% from 2023 to 2030. The driving forces behind this market surge include the ongoing shortage of agricultural laborers, the imperative need for mechanization in agricultural operations, escalating government initiatives supporting farmers, and improved credit availability for manufacturers of agriculture equipment. Nevertheless, challenges such as the high costs associated with advanced agriculture equipment and the increasing fragmentation of land are anticipated to pose constraints on the market's growth.
Top 10 Companies Steering the Agriculture Equipment Market:https://meticulousblog.org/top-10-companies-in-agriculture-equipment-market/
1. Deere & Company (U.S.)
• Established in 1958 and headquartered in Illinois, U.S., Deere & Company is a prominent manufacturer and distributor of farm machinery and industrial equipment. Operating through multiple business segments, the company offers a diverse range of farming equipment, technology, tools, tractors, and utility vehicles. Deere & Company maintains a global presence with subsidiaries and a robust distribution network spanning more than 100 countries.
2. CNH Industrial N.V. (U.K.)
• Formed in 2012 and based in London, U.K., CNH Industrial N.V. emerged through the merger of Fiat Industrial S.p.A. and CNH Global N.V. The company is engaged in designing, producing, and marketing agricultural and construction equipment, as well as commercial vehicles. Operating through brands like Case IH, New Holland Agriculture, and CASE Construction Equipment, CNH Industrial N.V. has established a significant global footprint.
3. KUBOTA Corporation (Japan)
• Founded in 1890 and headquartered in Osaka, Japan, Kubota Corporation is a leading machine manufacturing company producing and distributing various machinery and consumer products. Operating across three business segments, the company provides solutions for agriculture, lifestyle, water, construction, engines, and more. With a presence in over 120 countries, Kubota Corporation is a key player in the global agriculture equipment market.
4. AGCO Corporation (U.S.)
• Incorporated in 1991 and headquartered in Minnesota, U.S., AGCO Corporation specializes in designing, manufacturing, and distributing agricultural solutions. The company's product lineup includes tractors, combines, sprayers, hay tools, and more. AGCO Corporation, recognized for its sustainable practices, operates across 140 countries, serving diverse market segments.

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5. Mahindra & Mahindra Limited. (India)
• Founded in 1945 and headquartered in Maharashtra, India, Mahindra & Mahindra Limited. is a versatile company operating across nine business segments, including Automotive and Farm Equipment. Under brands like Mahindra Tractors and Swaraj Tractors, the company offers a range of agriculture equipment products. With a robust distribution network in over 100 countries, Mahindra & Mahindra Limited. is a significant player in the global agriculture equipment market.
Market Insights: A recent report by Meticulous Research predicts a growth rate of 5.2% in the Agriculture Equipment Market from 2023 to 2030. The report highlights the increasing demand for mechanized solutions in agriculture, aligning with the industry's evolving landscape and the ongoing need for sustainable farming practices.
Noteworthy Companies in the Market:
6. CLAAS KGaA mbH (Germany)
• Established in 1913 and based in North Rhine-Westphalia, Germany, CLAAS KGaA mbH specializes in manufacturing agricultural equipment and industrial engineering. The company, known for its expertise in harvesting technologies, operates across seven business segments. With subsidiaries and a robust distribution network, CLAAS KGaA mbH holds a significant presence in regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
7. SDF S.p.A. (Italy)
• Founded in 1927 and headquartered in Treviglio, Italy, SDF S.p.A. focuses on manufacturing and distributing farm machinery and equipment. Operating through brands like SAME, DEUTZ-FAHR, and Lamborghini Trattori, the company offers diverse solutions in tractors, combine harvesters, and more. With a strong distribution network, SDF S.p.A. has a geographical presence spanning Europe and Asia.
8. ISEKI & CO., LTD. (Japan)
• Founded in 1926 and headquartered in Tokyo, Japan, Iseki & Co., Ltd. is a leading player in designing, manufacturing, and marketing agricultural machinery and equipment. The company operates through seven business segments, offering a comprehensive range of products from tractors to combine harvesters. Iseki & Co., Ltd. boasts a robust distribution network across more than 100 countries.
9. Valmont Industries, Inc. (U.S.)
• Established in 1946 and headquartered in Nebraska, U.S., Valmont Industries, Inc. is a key player in producing engineered products for infrastructure and agriculture. Operating in three business segments, the company provides mechanized irrigation systems and water management solutions. With a distribution network spanning over 100 countries, Valmont Industries, Inc. is a global leader in the agriculture equipment market.

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10. KUHN SAS (France)
• Founded in 1828 and based in Saverne, France, KUHN SAS is a prominent machine manufacturing company, specializing in PTO-driven farm machinery. Operating through two business segments, the company offers solutions in crop equipment, hay & forage equipment, and more. With a robust distribution network, KUHN SAS maintains a geographical presence in North America, Europe, Asia-Pacific, and Latin America.
Popular Mention: Other notable companies contributing to the Agriculture Equipment Market include Agromaster (Turkey), AMAZONE-WERKE H. DREYER SE & Co. KG (Germany), APV – Technische Produkte GmbH (Austria), HORSCH Maschinen GmbH (Germany), Mascar SpA (Italy), Morris Equipment Ltd (Canada), and Väderstad AB (Sweden).
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