North America Agriculture Equipment Market Size & Outlook
North America agriculture equipment market, 2018-2030 (US$M)
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North America agriculture equipment market highlights
- The North America agriculture equipment market generated a revenue of USD 36,151.2 million in 2022.
- The market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, tractors was the largest revenue generating product in 2022.
- Harvesters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 36,151.2 million |
| Market revenue in 2030 | USD 55,644.3 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Tractors |
| Fastest growing segment | Harvesters |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment |
| Key market players worldwide | AGCO Corp, AgriFORCE Growing Systems Ltd, CNH Industrial NV, Deere & Co, Mensch und Maschine Software SE, Iseki & Co Ltd, Kubota Corp, Bucher Industries AG, Mahindra & Mahindra Ltd DR, Masco Corp, First Tractor Co Ltd Class H, AB Science, Valmont Industries Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 22.7% of the global agriculture equipment market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 94,361.6 million by 2030.
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Agriculture Equipment Market Scope
Agriculture Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America agriculture equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to agriculture equipment market will help companies and investors design strategic landscapes.
Tractors was the largest segment with a revenue share of 34.76% in 2022. Horizon Databook has segmented the North America agriculture equipment market based on tractors, harvesters, planting equipment, irrigation & crop processing equipment, spraying equipment, hay & forage equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- North America Agriculture Equipment Product Outlook (Revenue, USD Million, 2018-2030)
- Tractors
- Harvesters
- Planting Equipment
- Row crop planters
- Air seeders
- Grain drills
- Others
- Irrigation & Crop Processing Equipment
- Spraying Equipment
- Hay & Forage Equipment
- Others
- North America Agriculture Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Land Development & Seed Bed Preparation
- Sowing & Planting
- Weed Cultivation
- Plant Protection
- Harvesting & Threshing
- Post-harvest & Agro Processing
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Target buyers of North America agriculture equipment market databook
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Our clientele includes a mix of agriculture equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America agriculture equipment market , including forecasts for subscribers. This continent databook contains high-level insights into North America agriculture equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America agriculture equipment market size, by country, 2018-2030 (US$M)
North America Agriculture Equipment Market Outlook Share, 2022 & 2030 (US$M)
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