According to a research report published by Spherical Insights & Consulting, the Global Agricultural & Forestry Machinery Market Size Expected to Grow from USD 340.36 Billion in 2023 to USD 576.12 Billion by 2033, at a CAGR of 5.40% during the forecast period 2023-2033.

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Mechanical tools that support farming and forestry tasks including clearing land, harvesting, and gathering logs are known as agricultural and forestry machinery. In order to assist with farming and forest operations, such as cultivating land, gathering logs, harvesting, planting seeds and saplings, and running irrigation equipment, agricultural and forestry machinery is utilized. Major international players are actively focused on the development of autonomous agriculture and forestry technology that can operate without human intervention, enhance production, decrease waste, and save labor expenses. Furthermore, the global market for farm machinery and forestry equipment is driven by the growing automation of agricultural processes. Industrialization of agricultural practices increases production and profitability by guaranteeing opportunities in farming operations. However, harvesters have been compelled to integrate intelligent machinery due to the persistent issue of relatively high initial expenses.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Agricultural & Forestry Machinery Market Size, Share, and COVID-19 Impact Analysis, By Agriculture Machines (Combine & Forage Harvesters, Field Sprayers, Tractors, Soil Cultivating Equipment, Milking & Poultry Machines, and Haymaking Machines), By Forestry Machines (Forwarders, Chainsaws, Swing Machines, Skidders, Bunchers, Loaders, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The tractors segment dominates the market with the highest market share through the forecast period.

Based on the agriculture machines, the global agricultural & forestry machinery market is divided into combine & forage harvesters, field sprayers, tractors, soil cultivating equipment, milking & poultry machines, and haymaking machines. Among these, the tractors segment dominates the market with the highest market share through the forecast period. Their extensive and widespread use in agriculture is credited with the segment’s rise. In farming, there are several types of tractors: track tractors, wheeled tractors, orchard tractors, wheeled tractors, and miniature tractors. Wheeled tractors are the most common and are used for a variety of tasks.

The skidders segment is expected to grow at the fastest CAGR growth through the forecast period.

Based on the forestry machines, the global agricultural & forestry machinery market is categorized into forwarders, chainsaws, swing machines, skidders, bunchers, loaders, and others. Among these, the skidders segment is expected to grow at the fastest CAGR growth through the forecast period. The skidder has total control over everything and makes money on every track it travels on. The skidder picks up the trunks of the trees that have been sawed down and moves them to a collection location where they are stacked. The operator is positioned in a comfortable working location, and the forestry equipment travels forward, backward, and sideways with ease.

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Asia Pacific is estimated to hold the highest share of the global agricultural & forestry machinery market over the predicted timeframe.

Asia Pacific is expected to hold the largest share of the global agricultural & forestry machinery market over the predicted timeframe. The region’s growth is attributed to farmers’ growing awareness of the benefits of using farming equipment and mechanized agricultural practices. The usage of sophisticated and cutting-edge agricultural equipment has increased in this area, which is one of the world’s most agriculturally significant.

North America is estimated to grow at the fastest CAGR growth in the global agricultural & forestry machinery market during the forecast period. This is because these areas are home to highly trained farmers. Farmers’ knowledge of new farming methods and mechanical equipment had some influence on the market expansion. Finally, agricultural productivity in North America increased.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Agricultural & Forestry Machinery Market are AGCO Corporation, Escorts Kubota Limited, Valmont, Concern Tractor Plants, Caterpillar Inc., Claas KGaA mbH, CNH Industrial N.V., Deere & Company, Komatsu Ltd., Kubota Corporation, Mahindra & Mahindra Limited, SDF Group, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In July 2023, Volvo CE established a specialized business unit for its line of compact equipment machines and solutions in order to promote growth and profitability in this significant and expanding product category, as part of its goal to spearhead the transformation journey through electrification and sustainable power.

• In May 2023, Caterpillar handled a novel material called the MH3050. The 3050 has exceptional performance, dependability, and cab comfort. Additionally, it can process more material in less time thanks to its special electrohydraulic technology, which maximizes power and efficiency and increases profit margins. The MH3050 expands Cat’s selection of material handling for industrial applications.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global agricultural & forestry machinery market based on the below-mentioned segments:

Global Agricultural & Forestry Machinery Market, By Agriculture Machines

• Combine & Forage Harvesters
• Field Sprayers
• Tractors
• Soil Cultivating Equipment
• Milking & Poultry Machines
• Haymaking Machines

Global Agricultural & Forestry Machinery Market, By Forestry Machines

• Forwarders
• Chainsaws
• Swing Machines
• Skidders
• Bunchers
• Loaders
• Others

Global Agricultural & Forestry Machinery Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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