United States Agricultural Equipment Market to Grow at a Steady Rate until 2025

Increasing need to improve operational efficiency in the farms is expected to drive the growth of United States agricultural equipment market.

According to TechSci Research report, “United States Agricultural Equipment Market By Type (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, Others), By Automation (Automatic, Semi-Automatic, Manual), By Sales Channel (OEMs v/s Aftermarket), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, Post-harvest & Agro Processing, Others), By Region, Forecast & Opportunities, 2025”, the United States agricultural equipment market is expected to grow at a steady rate during the forecast period on account of the growing focus of farmers towards food safety & security. Additionally, booming food & beverage industry is further expected to propel the market growth through 2025. Also, scarcity of workforce further drives the market growth. Furthermore, benefits such as ease of farming, increased profit margins, improving crop quality, less labor cost, among others, associated with the use of agricultural equipment is further expected to spur the market growth over the next few years. Besides adoption of smart agriculture, precision agriculture and agriculture 4.0 solutions are further expected to fuel the market growth during the forecast period. However, growing urban job culture and shift towards service sector from the agriculture sector might hamper the market growth over the next few years. Also, fluctuating prices of raw materials might further impede the market growth during the forecast period.

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The United States agricultural equipment market is segmented based on type, automation, sales channel, application, company and region. Based on type, the market can be categorized into tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment and others. Among these, the harvesters segment is expected to register the highest growth in the market on account of the need to increase the yield, while reducing the overall labor costs. Additionally, they also provide fuel efficiency. Based on sales channel, the market can be split into OEMs and aftermarket. Here, the OEM segment is expected to dominate the market owing to the growing demand for agricultural equipment. Based on application, the market can be fragmented into land development & seed bed preparation, sowing & planting, weed cultivation, plant protection, harvesting & threshing, post-harvest & agro processing and others. Here, the weed cultivation segment is also expected to witness significant growth on account of the widespread use of agricultural equipment such as shovel, plough, among others, to reduce the time of weeding.

AGCO Corporation, Deere & Company, Daedong Industrial Co., Ltd, Alamo Group, Buhler Industries, Autonomous Tractor Corporation, Mahindra Agriculture North America, CNH Industrial, Kverneland Group, Escorts Group and others are some of the leading players operating in United States agricultural equipment market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“United States agricultural equipment market during the forecast period, owing to increasing adoption of modern farming technologies. Additionally, incorporation of GPS, robotic systems, Google Earth, among others, in the agricultural industry is further expected to fuel the market growth through 2025. Furthermore, presence of major market players such as John Deere, AGCO Corporation, among others in the region, is expected to create lucrative opportunities for market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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