United States (US) Farm Equipment Market Outlook (2023-2029) | Value, Analysis, Revenue, Trends, Share, Growth, Size, Industry, Forecast, COVID-19 IMPACT & Companies

United States (US) Farm Equipment Market | Country-Wise Share and Competition Analysis

In the year 2021, Germany was the largest exporter in terms of value, followed by Italy. It has registered a growth of 36.16% over the previous year. While Italy registered a growth of 33.43% as compared to the previous year. In the year 2017, Mexico was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the USA has a Herfindahl index of 1508 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1737 which signifies moderately concentrated in the market.

United States (US) Farm Equipment Market - Export Market Opportunities

Topics Covered in United States (US) Farm Equipment Market Report

The United States (US) Farm Equipment Market report thoroughly covers the market by power output, by drive type, by function and equipment type. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

United States (US) Farm Equipment Market Synopsis

The United States (US) Farm Equipment Market is expected to grow in the forecast period. The demand for food is rising globally and it has led rise in investment in agricultural infrastructure and facilities including farm machinery. The government initiatives are also focused on promotion of the sustainable farming methods.

According to 6Wresearch, the United States (US) Farm Equipment Market size is expected to grow during 2023-2029. There are several drivers that are contributing majorly to the growth of the market. The producer effort of product development and innovation to cater to the rising needs of the farmers is a significant driver of the growth. The government is playing a vital role in driving the growth of the market. There is the implementation of various policies and initiatives by the government at different levels to provide loans and other resources to the farmers. Technology advancement is another driver of the development of the market. GPS and precision farming have completely revolutionized the ways of farming. The planting and harvesting of crops have become easy for farmers due to these advanced technologies. There is a prevalence of certain challenges in the market. The changing weather condition, high cost of the equipment, and unavailability of skilled labor limits the growth of the market and this has significantly affected the market as it is a major part of the North America Farm Equipment Market

COVID-19 Impact on the United States (US) Farm Equipment Market               

The pandemic had brought an unprecedented set of challenges for the United States Farm Equipment Industry. The supply chain was significantly impacted as lockdowns and restrictions on movement interrupted the production and transportation of major components. The shortage of labor has impacted the various aspects of agriculture as there was a reduction in the productivity of the crop and the output of the crop was affected. The farmers were spending their money with caution on account of economic uncertainty and this factor led to a decrease in sales volume and growth of the market.

United States (US) Farm Equipment Market: Key Players

These are the major players in the market who are involved in the production of farm equipment and contribute majorly to the United States Farm Equipment Market Share.

• Deere & Company (John Deere)
• AGCO Corporation
• CNH Industrial
• Kubota Corporation
• Mahindra & Mahindra Ltd.
• Claas Group
• New Holland Agriculture
• Case IH

Market By Drive Type

According to Dhaval, Research Manager, 6Wresearch on the basis of drive type, both segments will witness growth in the market due to their specific farming requirements, leading to an increase in the United States Farm Equipment Market Growth.

Market By Function Type

On the basis of function type, the Plowing & Cultivating is anticipated to grow in the forecast year due to prioritization of the soil health by the farmers of the country.

Market by Equipment Type

On the basis of Equipment Type, the Tractors segment is expected to dominate the Farm Equipment Market in the United States in the forecast year due to their wide use in large commercial operations. 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

s:

• United States (US) Farm Equipment Market Outlook
• Market Size of United States (US) Farm Equipment Market, 2022
• Forecast of United States (US) Farm Equipment Market, 2029
• Historical Data and Forecast of United States (US) Farm Equipment Revenues & Volume for the Period 2019 - 2029
• United States (US) Farm Equipment Market Trend Evolution
• United States (US) Farm Equipment Market Drivers and Challenges
• United States (US) Farm Equipment Price Trends
• United States (US) Farm Equipment Porter's Five Forces
• United States (US) Farm Equipment Industry Life Cycle
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Power Output for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By <30 HP for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By 31-70 HP for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By 71-130 HP for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By 131-250 HP for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By >250 HP for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Drive Type for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Two-wheel for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Four-wheel for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Function for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Plowing & Cultivating for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Sowing & Planting for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Plant Protection & Fertilizing for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Harvesting & Threshing for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Equipment Type for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Tractors for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Combines for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Sprayers for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Balers for the Period 2019 - 2029
• Historical Data and Forecast of United States (US) Farm Equipment Market Revenues & Volume By Others for the Period 2019 - 2029
• United States (US) Farm Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Power Output
• Market Opportunity Assessment By Drive Type
• Market Opportunity Assessment By Function
• Market Opportunity Assessment By Equipment Type
• United States (US) Farm Equipment Top Companies Market Share
• United States (US) Farm Equipment Competitive Benchmarking By Technical and Operational Parameters
• United States (US) Farm Equipment Company Profiles
• United States (US) Farm Equipment Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments

By Power Output

• 30 HP
• 31-70 HP
• 71-130 HP
• 131-250 HP
• >250 HP

By Drive Type

• Two-Wheel
• Four-Wheel

By function Type

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others

By Equipment type

• Tractors
• Combines
• Sprayers
• Balers
• Others