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The global agricultural equipment market is analyzed to reach US$ 194.4 billion by 2034. Global sales of agricultural equipment are projected to rise at 4.3% CAGR from 2024 to 2034. The tractor pulled / attachment segment is forecasted to reach a market value of US$ 109.3 billion by 2034.
The further mechanization of agriculture in the 20th century made possible by the agricultural machinery industry had a huge impact of the economic structure of society. In the developed countries the total labour force engaged in agriculture dropped from about 75% in 1800 to less than 5% late 20th century. [ 10 ]
Agricultural equipment is any kind of machinery used on a farm to help with farming. The best-known example of this kind is the tractor . From left to right: John Deere 7800 tractor with Houle slurry trailer, Case IH combine harvester, New Holland FX 25 forage harvester with corn head.
The Food and Agriculture Organization of the United Nations (FAO) defines agricultural automation as the use of machinery and equipment in agricultural operations to improve their diagnosis, decision-making, or performance, reducing the drudgery of agricultural work and improving the timeliness, and potentially the precision, of agricultural ...
The Telehandler market is expected to garner healthy demand due to its widespread use in the agricultural industry. The expansion of the rental machinery market has led to an increase in cooperation between the manufacturers of construction equipment and the owners of rental fleet due to the expansion of the construction industry.
Industrial agriculture is a form of modern farming that refers to the industrialized production of crops and animals and animal products like eggs or milk.The methods of industrial agriculture include innovation in agricultural machinery and farming methods, genetic technology, techniques for achieving economies of scale in production, the creation of new markets for consumption, the ...
The majority of those topics are related to safety and (cyber)security of automated, connected, agricultural machinery for road circulation and working in the field, to achieve a sustainable, circular and carbon-free agriculture, as well as to trade issues, homologation, etc. CEMA participates to different European Commission expert groups.
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