Agricultural & Forestry Machinery Market Industry Trends, Segmentation, Business Opportunities & Forecast To 2028
The competitive landscape of the Agricultural & Forestry Machinery Market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, RD investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization’s concentrationon theGlobal Drum Dumper Market
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Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
During the projection period of 2029, the market for agricultural and forestry machinery is anticipated to reach US$ 473.56 billion at a CAGR of 5.70%.
Segmentation:
Due to their vast and widespread use for farming, tractors dominated the market for agricultural machinery. There are several various types of tractors used in farming, including small tractors, wheeled tractors, track tractors, and orchard tractors, with wheeled tractors being the most popular and utilised for a variety of tasks. These tractors can be used in any farm operation, with their main purpose being to tow agricultural machinery like harvesters, sprayers, cultivators, and more. Tractor purchases are typically more expensive than those of other machines as a result. While the harvester, commonly referred to as a combiner, has seen expansion in recent years and is another common agricultural machine. This device aids in
key player
• Deere & Company
• AGCO Corporation
• Caterpillar Inc.
• Kubota Corporation
• Class KGaA mbH
• Mahindra & Mahindra
• CNH Industrial N.V.
• AGCO Corporation.
• CLAAS KGaA mbH.
• Changzhou Dongfeng Agricultural Machinery Group Co., Ltd.
• Lovol Heavy Industry Co., Ltd
• Changfa Agricultural Equipment Co. Ltd.
• YTO Group Corporation
• Mitsubishi Agricultural Machinery
• Massey Ferguson
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