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United States Agricultural Machinery Market, Size, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Company Analysis

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    Report

  • 155 Pages
  • February 2022
  • Region: United States
  • Renub Research
  • ID: 5546208
United States Agricultural Machinery Market will reach US$ 52.73 Billion by 2027. The agricultural machinery industry in the United States is considered a part of the machinery industry that comprises the machinery required to support agriculture. Agricultural machinery is a set of machinery used for various farming operations such as fertilization, planting, seeding, etc. Tractors, planting machinery, combine harvesters, plows, tillers, and weeders are farm machinery. As per USDA, agriculture, food, and related industries contributed USD$ 1.109 Trillion to the U.S. gross domestic product (GDP) in 2019. The mechanization of farming is considered an important reason for increased sales, productivity, and export.





In addition, increased farm consolidation, a large production base, a positive economic outlook, and more incredible government support through subsidies drive sales of high-capacity agricultural machinery in the United States. The latest trend gaining momentum in the agriculture equipment market is technological innovation. Manufacturers target a new customer base by providing innovative and cost-effective products to enhance their market share. According to this report United States Agricultural Machinery Market will grow at a CAGR of 3.3% from 2021-2027.

Irrigation Machinery holds the Largest Market Share


Based on Machinery type, United States Agricultural Machinery Market includes Irrigation Machinery, Tractor by Engine Power, Plowing and Cultivation Machinery, Harvesting Machinery, and Haying, Forage Machinery, Planting Machinery and Sprayer. Irrigation Machinery holds the largest market share. The adoption rate for irrigation systems has increased over the past few years in the United States, with micro-irrigation dominating the Pacific's and sprinkler irrigation overlooking the mountains and plains.

Further, agriculture in the United States is currently being revolutionized by the rapid technological development in the tractor. For instance, United States small-scale farmers are increasingly adopting Above 40 HP Tractors as they are much smaller in size than the average farming tractors and are priced considerably lower. Despite the low-cost, compact tractors can help agriculturalists perform many tasks with the help of farm tools, such as and front-end loaders, backhoes and save labor wage expenses.

United States Agricultural Machinery Market was US$ 43.39 Billion in 2021


The United States is a considerable market for agricultural machinery globally, especially for plowing and cultivating machinery due to the country's growing popularity of no-till farming. Plowing and tillage are the immediate causes of soil erosion. Therefore, there is an increasing demand for no-till agriculture- a type of soil protection farming that prepares the land for plowing without mechanically concerning the soil. Some of the cutting-edge technologies used in ploughing and cultivating processes considerably in the United States include extensive soil sampling, GPS-enabled equipment, and real-time monitoring of soil moisture content using sensors.

COVID-19 Impact on United States Agricultural Machinery Growth Triend:


In the United States, as an impact of COVID-19, few challenges are being faced by the farm machinery manufacturing sector due to migration of labor and availability of raw material during the COVID-19 period. Export and supply got disrupted due to restricted movements and lockdowns globally. Consignments resulted in severe business losses for the manufacturers and distributors.

Competitive Landscape:


John Deere's, CNH Industrial, AGCO Corporation, KUBOTA Corporation, Mahindra Agriculture North America, Titan Machinery Inc are the major players in the United States Agricultural Machinery market. These companies here strive to strengthen their base by offering enhanced product features, competitive pricing, enhanced quality, increased scale of operation, and technological innovation.

This latest research report “United States Agricultural Machinery Market by Machinery Type (Irrigation Machinery {Gravity Irrigation, Micro-Irrigation and Sprinkler} Tractor by Engine Power {Less than 40 HP, 40 HP to 99 HP, 100 HP to 150 HP, 151 HP to 200 HP, 201 HP to 270 HP, 271 HP to 350, Above 350 HP} Plowing and Cultivation Machinery { Cultivation and Tillers, Harrows, Ploughs, Other Product Types } Harvesting Machinery { Combine Harvesting, Harvesting Robots, Self-Propelled Forage Harvesters} Haying and Forage Machinery {Mowers, Balers, Tedders and Rakes, Forage Harvesters} Planting Machinery, Sprayer) by Company Analysis (John Deere's, CNH Industrial, AGCO Corporation, KUBOTA Corporation, Mahindra Agriculture North America, Titan Machinery Inc)” provides a detailed analysis of United States Agricultural Machinery Industry


Machinery Type - Market has been covered from 7 viewpoints


  • Irrigation Machinery
  • Tractor by Engine Power
  • Plowing and Cultivation Machinery
  • Harvesting Machinery
  • Haying and Forage Machinery
  • Planting Machinery
  • Sprayer

  • Irrigation Machinery

a) Gravity Irrigation

b) Micro-Irrigation

c) Sprinkler


  • Tractor by Engine Power

a) Above 40 HP

b) 40 < 100 HP

c) 100 + HP


  • Plowing and Cultivation Machinery

a) Cultivation and Tillers

b) Harrows

c) Ploughs

d) Other Product Types


  • Harvesting Machinery

a) Combine Harvesting

b) Harvesting Robots

c) Self-Propelled Forage Harvesters


  • Haying and Forage Machinery

a) Mowers

b) Balers

c) Tedders and Rakes

d) Forage Harvesters


  • Others

a) Planting Machinery

b) Sprayer


Company Insights:


  • Overviews
  • Recent Developments
  • Revenues

Company Analysis:


  • John Deere's
  • CNH Industrial
  • AGCO Corporation
  • KUBOTA Corporation
  • Mahindra Agriculture North America
  • Titan Machinery 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 $43.39 Billion in 2021.

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

The growth rate of the U.S. Agricultural Machinery Market is 3.3%, with an estimated value of $52.73 Billion by 2027.

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

The U.S. Agricultural Machinery Market is estimated to be worth $52.73 Billion by 2027.

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

Key companies in the U.S. Agricultural Machinery Market include John Deere's, CNH Industrial, AGCO Corporation, KUBOTA Corporation and Titan Machinery 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. United States Agricultural Machinery Market Share Analysis - By Machinery Type
6.1 Irrigation Machinery
6.2 Tractor by Engine Power
6.3 Plowing and Cultivation Machinery
6.4 Harvesting Machinery
6.5 Haying and Forage Machinery
6.6 Planting Machinery
6.7 Sprayer
7. By Machinery Type - United States Agricultural Machinery Market
7.1 Irrigation Machinery
7.1.1 Gravity Irrigation
7.1.2 Micro-Irrigation
7.1.3 Sprinkler
7.2 Tractor by Engine Power
7.2.1 Less than 40 HP
7.2.2 40 HP to 99 HP
7.2.3 100 HP to 150 HP
7.2.4 151 HP to 200 HP
7.2.5 201 HP to 270 HP
7.2.6 271 HP to 350 HP
7.2.7 Above 350 HP
7.3 Plowing and Cultivation Machinery
7.3.1 Cultivation and Tillers
7.3.2 Harrows
7.3.3 Ploughs
7.3.4 Other Product Types
7.4 Harvesting Machinery
7.4.1 Combine Harvesting
7.4.2 Harvesting Robots
7.4.3 Self-Propelled Forage Harvesters
7.5 Haying and Forage Machinery
7.5.1 Mowers
7.5.2 Balers
7.5.3 Tedders and Rakes
7.5.4 Forage Harvesters
7.6 Planting Machinery
7.7 Sprayer
8. Porters Five Forces
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9. Key Players
9.1 John Deere's
9.1.1 Overview
9.1.2 Recent Development
9.1.3 Revenue
9.2 CNH Industrial
9.2.1 Overview
9.2.2 Recent Development
9.2.3 Revenu
9.3 AGCO Corporation.
9.3.1 Overview
9.3.2 Recent Development
9.3.3 Revenue
9.4 KUBOTA Corporation
9.4.1 Overview
9.4.2 Recent Development
9.4.3 Revenue
9.5 Mahindra Agriculture North America
9.5.1 Overview
9.5.2 Recent Development
9.5.3 Revenue
List of Figures
Figure 01: United States Agriculture Machinery Market (Billion US$), 2018 - 2021
Figure 02: Forecast for - United States Agriculture Machinery Market (Billion US$), 2022 - 2027
Figure 03: Machinery Type - Irrigation Machinery Market (Million US$), 2018 - 2021
Figure 04: Machinery Type - Forecast for Irrigation Machinery Market (Million US$), 2022 - 2027
Figure 05: Irrigation Machinery - Gravity Irrigation Market (Million US$), 2018 - 2021
Figure 06: Irrigation Machinery - Forecast for Gravity Irrigation Market (Million US$), 2022 - 2027
Figure 07: Irrigation Machinery - Micro-Irrigation Market (Million US$), 2018 - 2021
Figure 08: Irrigation Machinery - Forecast for Micro-Irrigation Market (Million US$), 2022 - 2027
Figure 09: Irrigation Machinery - Sprinkler Market (Million US$), 2018 - 2021
Figure 10: Irrigation Machinery - Forecast for Sprinkler Market (Million US$), 2022 - 2027
Figure 11: Machinery Type - Tractor by Engine Power Market (Million US$), 2018 - 2021
Figure 12: Machinery Type - Forecast for Tractor by Engine Power Market (Million US$), 2022 - 2027
Figure 13: Tractor by Engine Power - Less than 40 HP Market (Million US$), 2018 - 2021
Figure 14: Tractor by Engine Power - Forecast for Less than 40 HP Market (Million US$), 2022 - 2027
Figure 15: Tractor by Engine Power - 40 HP to 99 HP Market (Million US$), 2018 - 2021
Figure 16: Tractor by Engine Power - Forecast for 40 HP to 99 HP Market (Million US$), 2022 - 2027
Figure 17: Tractor by Engine Power - 100 HP to 150 HP Market (Million US$), 2018 - 2021
Figure 18: Tractor by Engine Power - Forecast for 100 HP to 150 HP Market (Million US$), 2022 - 2027
Figure 19: Tractor by Engine Power - 151 HP to 200 HP Market (Million US$), 2018 - 2021
Figure 20: Tractor by Engine Power - Forecast for 151 HP to 200 HP Market (Million US$), 2022 - 2027
Figure 21: Tractor by Engine Power - 201 HP to 270 HP Market (Million US$), 2018 - 2021
Figure 22: Tractor by Engine Power - Forecast for 201 HP to 270 HP Market (Million US$), 2022 - 2027
Figure 23: Tractor by Engine Power - 271 HP to 350 HP Market (Million US$), 2018 - 2021
Figure 24: Tractor by Engine Power - Forecast for 271 HP to 350 HP Market (Million US$), 2022 - 2027
Figure 25: Tractor by Engine Power - Above 350 HP Market (Million US$), 2018 - 2021
Figure 26: Tractor by Engine Power - Forecast for Above 350 HP Market (Million US$), 2022 - 2027
Figure 27: Machinery Type - Plowing and Cultivation Machinery Market (Million US$), 2018 - 2021
Figure 28: Machinery Type - Forecast for Plowing and Cultivation Machinery Market (Million US$), 2022 - 2027
Figure 29: Plowing and Cultivation Machinery - Cultivation and Tillers Market (Million US$), 2018 - 2021
Figure 30: Plowing and Cultivation Machinery - Forecast for Cultivation and Tillers Market (Million US$), 2022 - 2027
Figure 31: Plowing and Cultivation Machinery - Harrows Market (Million US$), 2018 - 2021
Figure 32: Plowing and Cultivation Machinery - Forecast for Harrows Market (Million US$), 2022 - 2027
Figure 33: Plowing and Cultivation Machinery - Ploughs Market (Million US$), 2018 - 2021
Figure 34: Plowing and Cultivation Machinery - Forecast for Ploughs Market (Million US$), 2022 - 2027
Figure 35: Plowing and Cultivation Machinery - Other Product Types Market (Million US$), 2018 - 2021
Figure 36: Plowing and Cultivation Machinery - Forecast for Other Product Types Market (Million US$), 2022 - 2027
Figure 37: Machinery Type - Harvesting Machinery Market (Million US$), 2018 - 2021
Figure 38: Machinery Type - Forecast for Harvesting Machinery Market (Million US$), 2022 - 2027
Figure 39: Harvesting Machinery - Combine Harvesting Market (Million US$), 2018 - 2021
Figure 40: Harvesting Machinery - Forecast for Combine Harvesting Market (Million US$), 2022 - 2027
Figure 41: Harvesting Machinery - Harvesting Robots Market (Million US$), 2018 - 2021
Figure 42: Harvesting Machinery - Forecast for Harvesting Robots Market (Million US$), 2022 - 2027
Figure 43: Harvesting Machinery - Self-Propelled Forage Harvesters Market (Million US$), 2018 - 2021
Figure 44: Harvesting Machinery - Forecast for Self-Propelled Forage Harvesters Market (Million US$), 2022 - 2027
Figure 45: Machinery Type - Haying and Forage Machinery Market (Million US$), 2018 - 2021
Figure 46: Machinery Type - Forecast for Haying and Forage Machinery Market (Million US$), 2022 - 2027
Figure 47: Haying and Forage Machinery - Mowers Market (Million US$), 2018 - 2021
Figure 48: Haying and Forage Machinery - Forecast for Mowers Market (Million US$), 2022 - 2027
Figure 49: Haying and Forage Machinery - Balers Market (Million US$), 2018 - 2021
Figure 50: Haying and Forage Machinery - Forecast for Balers Market (Million US$), 2022 - 2027
Figure 51: Haying and Forage Machinery - Tedders and Rakes Market (Million US$), 2018 - 2021
Figure 52: Haying and Forage Machinery - Forecast for Tedders and Rakes Market (Million US$), 2022 - 2027
Figure 53: Haying and Forage Machinery - Forage Harvesters Market (Million US$), 2018 - 2021
Figure 54: Haying and Forage Machinery - Forecast for Forage Harvesters Market (Million US$), 2022 - 2027
Figure 55: Machinery Type - Planting Machinery Market (Million US$), 2018 - 2021
Figure 56: Machinery Type - Forecast for Planting Machinery Market (Million US$), 2022 - 2027
Figure 57: Machinery Type - Sprayer Market (Million US$), 2018 - 2021
Figure 58: Machinery Type - Forecast for Sprayer Market (Million US$), 2022 - 2027
Figure 59: John Deere's - Global Revenue (Million US$), 2018 - 2021
Figure 60: John Deere's - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 61: CNH Industrial - Global Revenue (Million US$), 2018 - 2021
Figure 62: CNH Industrial - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 63: AGCO Corporation - Global Revenue (Million US$), 2018 - 2021
Figure 64: AGCO Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 65: KUBOTA Corporation - Global Revenue (Million US$), 2018 - 2021
Figure 66: KUBOTA Corporation - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 67: Mahindra Agriculture North America - Global Revenue (Million US$), 2018 - 2021
Figure 68: Mahindra Agriculture North America - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables
Table 01: United States Agricultural Machinery Market Share by Type (Percent), 2018 - 2021
Table 02: Forecast for - United States Agricultural Machinery Market Share by Type (Percent), 2022 - 2027

Companies Mentioned

  • John Deere's
  • CNH Industrial
  • AGCO Corporation
  • KUBOTA Corporation
  • Mahindra Agriculture North America
  • Titan Machinery 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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