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United States Agricultural Machinery Market, Size, Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 160 Pages
  • September 2023
  • Region: United States
  • Renub Research
  • ID: 5546208

United States Agricultural Machinery Market was US$ 36.03 Billion in 2022

United States Agricultural Machinery Market is expected to attain US$ 57.34 Billion by 2030. With a population exceeding 333 million, United States ranks maximum densely populated within the North Americas and holds the 3-highest populace globally. The U.S. Agriculture sector extends beyond the farm enterprise to encompass a number of farm-related industries. In 2021, agriculture, food, and related industries contributed 5.4 percent to U.S. Gross home product and supplied 10.5 percentage of U.S. Employment; Americans' expenses on food amount to 12 percent of family budgets on common.

Today agriculture is going through major adjustments because of digitization and automation. Agriculture has always been a driver of innovation of latest technologies and developments, mainly within the United States. The penetration and adoption of mechanization practices throughout the U.S. force the sale of new agriculture devices. A growing number of technologically superior agriculture gadget and implements is the answer to shop time and money and increase yields. And the government is eager on growing the mechanization fee among farmers, boosting the demand and sales of new agricultural device. The mechanization of farms is deemed essential for the United States agriculture area as it has the capability to enhance food manufacturing.

United States Agricultural Machinery Market has grown 5.98% between 2022 and 2030

Rising mechanization in the USA agriculture region and the surge in farmer’s income are in all likelihood to be a number one factors riding the growth of Agriculture machinery market. In recent times, there has been a super upward thrust in automation within those agricultural machines, ensuing in heightened productivity in the agricultural sector. The adoption of those computerized gear has verified to be an enormous gain for the market.

Furthermore, the incorporation of GPS answers and Internet of Things (IoT) applications into agricultural equipment is poised to enhance production on this industry. These machines serve numerous functions, together with harvesting, threshing, and land improvement. The farmers within the USA had been capable of availing themselves of well-timed subsidies on agricultural equipment purchases. This, in flip, has helped even small-scale farmers make investments inside the United States agricultural machinery.

Additionally, technologically superior agricultural robotics, like self-sufficient tractors, plowing and cultivating machinery, planting equipment, sprayer irrigation equipment, and haying and forage machinery to help United States farmers produce food at low expenses to satisfy the developing demand for meals, are expected to be higher potentialities for market growth for the duration of the approaching yearly. Increase agricultural output sustainably via the usage of a variety of surroundings-friendly strategies, reducing the use of outside inputs, and assisting farmers adapt to the extra frequent climate extremes that occur with climate trade to growth their resilience and decrease greenhouse fuel emissions. Thus, the growth in mechanization of agricultural sports is using the adoption of agriculture machinery, thereby surging the agriculture equipment industry boom.

For example, the US Farm Service Agency gives assured and direct farm ownership and operation loans to own family-size farmers who're unable to acquire industrial financing thru a financial institution, farm credit score device group, or different lenders. With the mortgage, the farmers are capable to shop for farm machinery. Additionally, the USA Department of Agriculture installed some of lending packages, along with the Direct Farm Ownership Down Payment Program, whose maximum mortgage amount rose from USD 250,000 to USD 300000. However, excessive initial procurement charges and excessive upkeep costs might be a barrier to the market. The United States Agricultural Machinery Market was US$ 36.03 Billion in 2022.

Irrigation equipment holds the highest market proportion in the thriving US Agricultural Machinery Market

By Machinery Type, United States Agricultural Machinery Market is segmented into Irrigation Machinery, Tractors, Ploughing and Cultivation Machinery, Harvesting Machinery, Haying and Forage Machinery, Planting Machinery & Sprayer. Irrigation equipment dominates the USA Agricultural Machinery Market due to elements just like the growing need for water and green agriculture, technological advancements, sustainability practices, and government incentives. This dominance stems from the imperative to manipulate water efficiently amid converting weather styles, ensuring solid crop yields.

Furthermore, irrigation machinery's evolution with precision, automation, and far flung monitoring capabilities has captivated current farmers. Sustainable farming practices have delivered importance, assisting in water resource conservation and decreased environmental effect. Government aid in the shape of incentives and subsidies for water-green generation adoption has spurred investments in irrigation machinery.

Gravity Irrigation is fastest developing in the United States Agricultural Machinery Market

By Irrigation Machinery, United States Agricultural Machinery Market is divided into Gravity Irrigation, Micro-Irrigation & Sprinkler. Gravity irrigation, the quickest-developing section in the US Agricultural Machinery Market, owes its meteoric upward push to its simplicity, cost-effectiveness, and eco-friendliness. By harnessing gravity's pressure to distribute water, it caters to numerous farmers, which include smaller and useful resource-constrained operations. This aligns perfectly with the sustainable farming trend, decreasing power utilization and equipment complexity. Government incentives favoring water conservation in addition propel its adoption because of considerable water savings. Its adaptability to numerous vegetation and terrains adds to its enchantment. With evolving farming practices, gravity irrigation is about to keep its growth trajectory, making sure sustainable water control in US agriculture.

Agriculture equipment market circulates toward much less than 40 HP devices reflect a shift towards sustainability, performance, and adaptability in modern United States

Tractor via Power Engine, United States Agricultural Machinery Market is assessed into Less than 40 HP, 41 to 100 HP and More than one 100 HP. In the near future, the USA Agricultural Machinery Market is poised for a large shift, with the segment proposing agricultural machinery with less than 40 horsepower (HP) expected to seize the very best market percentage. This shift reflects converting agricultural wishes, as smaller and more versatile machines gain want amongst farmers. These sub- 40 HP machines are desired for their agility, gas performance, and suitability for small to medium-sized farms and specialized tasks. Additionally, they align with the fashion towards sustainable and precision agriculture, permitting farmers to optimize useful resource usage. As these machines hold to evolve and adapt to fashionable farming needs, they may be primed to dominate the market in the coming years.

In the evolving landscape of US agriculture, cultivation and tillers will maintain their market dominance, permitting expanded yields and sustainable land management

By Ploughing and Cultivation, United States Agricultural Machinery Market is cut up into Cultivation and Tillers, Harrows, Ploughs and Other Product Types. Cultivation and tillers, important for soil practice and crop fitness, lead the United States Agricultural Machinery Market because of elements like demand for high yields, adaptability, and technological advancements. These machines cater to numerous farms and provide performance, specifically in sustainable agriculture. Advancements have brought about automatic and eco-friendly options, reducing chemical use and conserving resources. As US agriculture evolves, cultivation and tillers continue to be pivotal, ensuring advanced yields and sustainable land management, securing their dominant market position.

With the agricultural zone increasingly more centered on modernization and efficiency, tedders and rakes are poised to sustain their tremendous growth inside the US agricultural equipment market

By Haying and Forage Machinery, United States Agricultural Machinery Market is sub segmented into Mowers, Balers, Tedders and Rakes and Forage Harvesters. Tedders and rakes are the quickest-growing segment within the US Agricultural Machinery Market, driven by the growing demand for remarkable forage within the dairy and farm animals industries. These machines beautify forage performance and first-class with the aid of lightly aerating, drying, and amassing hay. Technological improvements have made them extra efficient and consumer-pleasant, catering to farms of all sizes. As the agriculture zone prioritizes sustainability and productiveness that equipment are expected to preserve their amazing increase within the US agricultural equipment market.

Key Market Leaders

John Deere, CNH Industrial, AGCO Corporation, Kubota Corporation, Titan Machinery Inc., Class, Lindsay Corporation and Alamo Group Inc are the important thing player within the United States agriculture equipment market.

December 2022: CNH Industrial added new Automation and Autonomy Solutions to the Ag Tech portfolio in Phoenix, Arizona, and United States of America. These New Driverless Tillage and Driver Assist Harvest answers from Raven, and Baler Automation from Case IH and New Holland, can deliver automation and self-reliant equipment upgrades and assist clear up farmers' most giant demanding situations to increasing productiveness.

The report 'United States Agricultural Machinery Market by Machinery Type (Irrigation Machinery (Gravity Irrigation, Micro-Irrigation & Sprinkler), Tractors (Less than 40 HP, 41 to 100 HP and More than 100 HP), Ploughing and Cultivation Machinery (Cultivation and Tillers, Harrows, Ploughs and Other Product Types), Harvesting Machinery, Haying and Forage Machinery (Mowers, Balers, Tedders and Rakes and Forage Harvesters), Planting Machinery & by Sprayer) by Company Analysis (John Deere, CNH Industrial, AGCO Corporation, Kubota Corporation, Titan Machinery Inc., Class, Lindsay Corporation and Alamo Group Inc)' provides a detailed analysis of United States Agricultural Machinery Industry.

Machinery Type - Market has been covered from 7 viewpoints

1. Irrigation Machinery
2. Tractors
3. Ploughing and Cultivation Machinery
4. Harvesting Machinery
5. Haying and Forage Machinery
6. Planting Machinery
7. Sprayer

1. Irrigation Machinery

1. Gravity Irrigation
2. Miro-Irrigation
3. Sprinkler

2. Tractor by Engine Power

1. Above 40 HP
2. 40 < 100 HP
3. 100 + HP

3. Plowing and Cultivation Machinery

1. Cultivation and Tillers
2. Harrows
3. Ploughs
4. Other Product Types

4. Harvesting Machinery

1. Combine Harvesting
2. Harvesting Robots
3. Self-Propelled Forage Harvesters

5. Haying and Forage Machinery

1. Mowers
2. Balers
3. Tedders and Rakes
4. Forage Harvesters

6. Others

1. Planting Machinery
2. Sprayer

Company Insights:

  • Overview
  • Recent Development
  • Revenue

Company Analysis:

1. John Deere
2. CNH Industrial
3. AGCO Corporation
4. Kubota Corporation
5. Titan Machinery Inc
6. Class
7. Lindsay Corporation
8. Alamo Group Inc
Frequently Asked Questions about the U.S. Agricultural Machinery Market

What is the estimated value of the U.S. Agricultural Machinery Market?

The U.S. Agricultural Machinery Market was estimated to be valued at $36.03 Billion in 2022.

What is the growth rate of the U.S. Agricultural Machinery Market?

The growth rate of the U.S. Agricultural Machinery Market is 5.9%, with an estimated value of $57.34 Billion by 2030.

What is the forecasted size of the U.S. Agricultural Machinery Market?

The U.S. Agricultural Machinery Market is estimated to be worth $57.34 Billion by 2030.

Who are the key companies in the U.S. Agricultural Machinery Market?

Key companies in the U.S. Agricultural Machinery Market include John Deere, CNH Industrial, AGCO Corporation, Kubota Corporation, Titan Machinery Inc, Class, Lindsay Corporation and Alamo Group Inc.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. United States Agricultural Machinery Market
6. Market Share - United States Agricultural Machinery Analysis
6.1 By Machinery Type
6.1.1 Irrigation Machinery
6.1.2 Tractor by Power Engine
6.1.3 Ploughing and Cultivation
6.1.4 Harvesting Machinery
6.1.5 Haying and Forage Machinery
7. Machinery Type - United States Agricultural Machinery Market
7.1 Irrigation Machinery
7.2 Tractors
7.3 Ploughing and Cultivation Machinery
7.4 Harvesting Machinery
7.5 Haying and Forage Machinery
7.6 Planting Machinery
7.7 Sprayer
8. Irrigation Machinery - United States Agricultural Machinery Market
8.1 Gravity Irrigation
8.2 Miro-Irrigation
8.3 Sprinkler
9. Tractors by Engine Power - United States Agricultural Machinery Market
9.1 Less than 40 HP
9.2 41 to 100 HP
9.3 More than 100 HP
10. Ploughing and Cultivation Machinery - United States Agricultural Machinery Market
10.1 Cultivators and Tillers
10.2 Harrows
10.3 Ploughs
10.4 Others
11. Harvesting Machinery - United States Agricultural Machinery Market
11.1 Combine Harvesters
11.2 Harvesting Robots
11.3 Self-Propelled Forage Harvesters
12. Haying and Forage Machinery - United States Agricultural Machinery Market
12.1 Mowers
12.2 Balers
12.3 Tedders and Rakes
12.4 Forage Harvesters
13. Porter’s Five Forces Analysis - United States Agricultural Machinery Market
13.1 Bargaining Power of Buyers
13.2 Bargaining Power of Suppliers
13.3 Degree of Rivalry
13.4 Threat of New Entrants
13.5 Threat of Substitutes
14. SWOT Analysis - United States Agricultural Machinery Market
14.1.1 Strength
14.1.2 Weakness
14.1.3 Opportunity
14.1.4 Threat
15. Key Players Analysis
15.1 John Deere's
15.1.1 Overview
15.1.2 Recent Development & Strategies
15.1.3 Revenue Analysis
15.2 CNH Industrial
15.2.1 Overview
15.2.2 Recent Development & Strategies
15.2.3 Revenue Analysis
15.3 AGCO Corporation
15.3.1 Overview
15.3.2 Recent Development & Strategies
15.3.3 Revenue Analysis
15.4 KUBOTA Corporation
15.4.1 Overview
15.4.2 Recent Development & Strategies
15.4.3 Revenue Analysis
15.5 Titan Machinery Inc.
15.5.1 Overview
15.5.2 Recent Development & Strategies
15.5.3 Revenue Analysis
15.6 CLASS
15.6.1 Overview
15.6.2 Recent Development & Strategies
15.6.3 Revenue Analysis
15.7 Lindsay Corporation
15.7.1 Overview
15.7.2 Recent Development & Strategies
15.7.3 Revenue Analysis
15.8 ALAMO GROUP INC.
15.8.1 Overview
15.8.2 Recent Development & Strategies
15.8.3 Revenue Analysis
List of Figures
Figure 01: United States - Agricultural Machinery Market (Billion US$), 2018-2022
Figure 02: United States - Forecast for Agricultural Machinery Market (Billion US$), 2023-2030
Figure 03: Machinery Type - Irrigation Machinery Market (Million US$), 2018-2022
Figure 04: Machinery Type - Forecast for Irrigation Machinery Market (Million US$), 2023-2030
Figure 05: Machinery Type - Tractors Market (Million US$), 2018-2022
Figure 06: Machinery Type - Forecast for Tractors Market (Million US$), 2023-2030
Figure 07: Machinery Type - Ploughing and Cultivation Machinery Market (Million US$), 2018-2022
Figure 08: Machinery Type - Forecast for Ploughing and Cultivation Machinery Market (Million US$), 2023-2030
Figure 09: Machinery Type - Harvesting Machinery Market (Million US$), 2018-2022
Figure 10: Machinery Type - Forecast for Harvesting Machinery Market (Million US$), 2023-2030
Figure 11: Machinery Type - Haying and Forage Machinery Market (Million US$), 2018-2022
Figure 12: Machinery Type - Forecast for Haying and Forage Machinery Market (Million US$), 2023-2030
Figure 13: Machinery Type - Planting Machinery Market (Million US$), 2018-2022
Figure 14: Machinery Type - Forecast for Planting Machinery Market (Million US$), 2023-2030
Figure 15: Machinery Type - Sprayer Market (Million US$), 2018-2022
Figure 16: Machinery Type - Forecast for Sprayer Market (Million US$), 2023-2030
Figure 17: Irrigation Machinery - Gravity Irrigation Market (Million US$), 2018-2022
Figure 18: Irrigation Machinery - Forecast for Gravity Irrigation Market (Million US$), 2023-2030
Figure 19: Irrigation Machinery - Miro-Irrigation Market (Million US$), 2018-2022
Figure 20: Irrigation Machinery - Forecast for Miro-Irrigation Market (Million US$), 2023-2030
Figure 21: Irrigation Machinery - Sprinkler Market (Million US$), 2018-2022
Figure 22: Irrigation Machinery - Forecast for Sprinkler Market (Million US$), 2023-2030
Figure 23: Tractors by Engine Power - Less than 40 HP Market (Million US$), 2018-2022
Figure 24: Tractors by Engine Power - Forecast for Less than 40 HP Market (Million US$), 2023-2030
Figure 25: Tractors by Engine Power - 41 to 100 HP Market (Million US$), 2018-2022
Figure 26: Tractors by Engine Power - Forecast for 41 to 100 HP Market (Million US$), 2023-2030
Figure 27: Tractors by Engine Power - More than 100 HP Market (Million US$), 2018-2022
Figure 28: Tractors by Engine Power - Forecast for More than 100 HP Market (Million US$), 2023-2030
Figure 29: Ploughing and Cultivation Machinery - Cultivators and Tillers Market (Million US$), 2018-2022
Figure 30: Ploughing and Cultivation Machinery - Forecast for Cultivators and Tillers Market (Million US$), 2023-2030
Figure 31: Ploughing and Cultivation Machinery - Harrows Market (Million US$), 2018-2022
Figure 32: Ploughing and Cultivation Machinery - Forecast for Harrows Market (Million US$), 2023-2030
Figure 33: Ploughing and Cultivation Machinery - Ploughs Market (Million US$), 2018-2022
Figure 34: Ploughing and Cultivation Machinery - Forecast for Ploughs Market (Million US$), 2023-2030
Figure 35: Ploughing and Cultivation Machinery - Others Market (Million US$), 2018-2022
Figure 36: Ploughing and Cultivation Machinery - Forecast for Others Market (Million US$), 2023-2030
Figure 37: Harvesting Machinery - Combine Harvesters Market (Million US$), 2018-2022
Figure 38: Harvesting Machinery - Forecast for Combine Harvesters Market (Million US$), 2023-2030
Figure 39: Harvesting Machinery - Harvesting Robots Market (Million US$), 2018-2022
Figure 40: Harvesting Machinery - Forecast for Harvesting Robots Market (Million US$), 2023-2030
Figure 41: Harvesting Machinery - Self-Propelled Forage Harvesters Market (Million US$), 2018-2022
Figure 42: Harvesting Machinery - Forecast for Self-Propelled Forage Harvesters Market (Million US$), 2023-2030
Figure 43: Haying and Forage Machinery - Mowers Market (Million US$), 2018-2022
Figure 44: Haying and Forage Machinery - Forecast for Mowers Market (Million US$), 2023-2030
Figure 45: Haying and Forage Machinery - Balers Market (Million US$), 2018-2022
Figure 46: Haying and Forage Machinery - Forecast for Balers Market (Million US$), 2023-2030
Figure 47: Haying and Forage Machinery - Tedders and Rakes Market (Million US$), 2018-2022
Figure 48: Haying and Forage Machinery - Forecast for Tedders and Rakes Market (Million US$), 2023-2030
Figure 49: Haying and Forage Machinery - Forage Harvesters Market (Million US$), 2018-2022
Figure 50: Haying and Forage Machinery - Forecast for Forage Harvesters Market (Million US$), 2023-2030
Figure 51: John Deere's - Global Revenue Market (Million US$), 2018-2022
Figure 52: John Deere's - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 53: CNH Industrial - Global Revenue Market (Million US$), 2018-2022
Figure 54: CNH Industrial - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 55: AGCO Corporation. - Global Revenue Market (Million US$), 2018-2022
Figure 56: AGCO Corporation. - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 57: KUBOTA Corporation. - Global Revenue Market (Million US$), 2018-2022
Figure 58: KUBOTA Corporation. - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 59: Titan Machinery Inc. - Global Revenue Market (Million US$), 2018-2022
Figure 60: Titan Machinery Inc. - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 61: CLASS - Global Revenue Market (Million US$), 2018-2022
Figure 62: CLASS - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 63: Lindsay Corporation - Global Revenue Market (Million US$), 2018-2022
Figure 64: Lindsay Corporation - Forecast for Global Revenue Market (Million US$), 2023-2030
Figure 65: ALAMO GROUP INC. - Global Revenue Market (Million US$), 2018-2022
Figure 66: ALAMO GROUP INC. - Forecast for Global Revenue Market (Million US$), 2023-2030
List of Tables
Table 01: United States Agricultural Machinery Market Share by Machinery Type (Percent), 2018-2022
Table 02: United States - Forecast for Agricultural Machinery Market Share by Machinery Type (Percent), 2023-2030
Table 03: United States Agricultural Machinery Market Share by Irrigation Machinery (Percent), 2018-2022
Table 04: United States - Forecast for Agricultural Machinery Market Share by Irrigation Machinery (Percent), 2023-2030
Table 05: United States Agricultural Machinery Market Share by Tractor by Power Engine (Percent), 2018-2022
Table 06: United States - Forecast for Agricultural Machinery Market Share by Tractor by Power Engine (Percent), 2023-2030
Table 07: United States Agricultural Machinery Market Share by Ploughing and Cultivation (Percent), 2018-2022
Table 08: United States - Forecast for Agricultural Machinery Market Share by Ploughing and Cultivation (Percent), 2023-2030
Table 09: United States Agricultural Machinery Market Share by Harvesting Machinery (Percent), 2018-2022
Table 10: United States - Forecast for Agricultural Machinery Market Share by Harvesting Machinery (Percent), 2023-2030
Table 11: United States Agricultural Machinery Market Share by Haying and Forage Machinery (Percent), 2018-2022
Table 12: United States - Forecast for Agricultural Machinery Market Share by Haying and Forage Machinery (Percent), 2023-2030

Companies Mentioned

  • John Deere
  • CNH Industrial
  • AGCO Corporation
  • Kubota Corporation
  • Titan Machinery Inc
  • Class
  • Lindsay Corporation
  • Alamo Group Inc

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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