The Farm Machinery And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Farm Machinery And Equipment Market:
https://www.thebusinessresearchcompany.com/report/farm-machinery-and-equipment-global-market-report
According to The Business Research Company’s Farm Machinery And Equipment Global Market Report 2024, The farm machinery and equipment market size has grown strongly in recent years. It will grow from $211.09 billion in 2023 to $225.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to mechanization in agriculture, industrial revolution impact, population growth and food demand, government support and subsidies, post-war agricultural boom.
The farm machinery and equipment market size is expected to see strong growth in the next few years. It will grow to $288.89 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to precision agriculture advancements, robotics and automation, iot and data analytics, sustainable farming solutions, electric and hybrid machinery. Major trends in the forecast period include blockchain traceability, robotics for harvesting and planting, hydroponics and aeroponics technologies, multi-functional implements, remote monitoring and control.
The integration of Internet of Things (IoT) applications into farm equipment is expected to drive the market for farm machinery and equipment. The world’s population will surpass 9 billion people by 2050. Farmers need access to better instruments and practices that will help them deliver more agricultural products in less time. Farmers need to adopt new and modern technologies to produce food for the ever-expanding population. For instance, the utilization of a smart greenhouse that operates with the help of IoT enables monitoring and controlling the climate without human intervention. The IoT sensors in the smart greenhouse provide information on the light levels, pressure, humidity, and temperature and control the actuators automatically to open a window, turn on lights, control a heater, turn on a mister, or turn on a fan. Therefore, IoT helps increase production with reduced labor and drives the farm machinery and equipment market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=3650&type=smp
The farm machinery and equipment market covered in this report is segmented –
1) By Type: Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock equipment, Tractors, Other Types
2) By Capacity: Small, Medium, Large
3) By Operation: Manual, Semi-Autonomous, Fully-Autonomous
4) By Application: Spraying, Water Supply And Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Other Applications
Major companies operating in the farm machinery and equipment market are developing autonomous solutions to sustain their position in the market. Autonomous tractors are self-driving or driverless agricultural vehicles equipped with advanced technologies such as sensors, cameras, GPS, and artificial intelligence that enable them to perform various farming tasks without direct human intervention. For instance, in January 2022, Deere & Company, a US-based tractor and machinery manufacturing company, launched the new John Deere 8R autonomous tractor, offering farmers a fully autonomous tractor equipped with advanced features such as multiple stereo cameras, GPS navigation, and geofencing. This technology allows the tractor to perform tasks like tillage autonomously, potentially increasing productivity and reducing labor demands.
The farm machinery and equipment market report table of contents includes:
1. Executive Summary
2. Farm Machinery And Equipment Market Characteristics
3. Farm Machinery And Equipment Market Trends And Strategies
4. Farm Machinery And Equipment Market – Macro Economic Scenario
5. Global Farm Machinery And Equipment Market Size and Growth
.
.
.
26. South America Farm Machinery And Equipment Market
27. Brazil Farm Machinery And Equipment Market
28. Middle East Farm Machinery And Equipment Market
29. Africa Farm Machinery And Equipment Market
30. Farm Machinery And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Respiratory syncytial virus (RSV) therapeutics refers to the treatments and medications employed…
Overview and Scope A preclinical asset refers to all clinical trial supplies or equipment for…
Overview and Scope Hidradenitis suppurativa (HS) is a chronic skin condition that causes painful lumps…
Overview and Scope Cerebral palsy (CP) is an array of neurological illnesses that develop in…
Overview and Scope Artificial intelligence (AI) in accounting refers to the application of AI to…
Overview and Scope Alopecia areata, also known as spot baldness, refers to an autoimmune disorder…