Agricultural & Forestry Machinery Market, by Applications (Agricultural and Forestry), End-Users (Agricultural & Forestry Industry),Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2025

The global agricultural and forestry machinery market will witness significant growth due to the growing use of farm machinery, contributing towards modernization and industrialization of the agricultural sector.

Agricultural & Forestry Machinery Market, Analysis:

Agriculture and forestry machinery are the machines that assist in the cycle of farming and forestry operations, such as field planting, mining, and wood log processing.The types of agricultural and forest equipments present in the industry include tractors, crop sprayers, rotators, harvesters, and skidders.Market growth is driven by factors such as increasing demand for advanced machinery, increasing automation of farming operations, and technological advances.

Growing demand for wood & wood productsis expected to drive the global agricultural & forestry machinery market:

Increasing demand for wood and wood products and the massive change to fully automated equipments for extracting forest trees and harvesting has substantially increased the demand forthe global agricultural & forest machinery market. Additionally, the demand for food generated by the increasing worldwide population is another key factor driving the market growth.

The high initial investment is anticipated to restrain the growth of the global agricultural & forestry machinery market:

High initial investment continues to be a key concern, which has forced integration of smartequipments among harvesters. Strong preference remains among harvests for leased equipment when they cannot afford the initial installation cost. On the other hand, the primary problem regarding the complexities of preserving foreign cost competitivenessremains for the forestry machinery vendors. Therefore, these factors
are anticipated to restrain the market growth.

Growing food demand is anticipated to create enormous opportunities for the global agricultural & forestry machinery market:

Growing worldwide food demand has led to aggressive cultivation activities, which in turn has led to the conversion of forest land into agricultural land;this has further led to the implementation of fully automated practices creating considerable demand for machinery within agricultural and forestry sectors. Moreover, the demand for high productivity in harvesting functions has expanded the growth opportunity of the market. Thus, this factor is foreseen to act as an opportunity for the global agricultural & forest machinery marketin the forecasted period. 

Agricultural & Forestry Machinery Market, by Applications:

Tractors& harvesters will be most lucrative till 2026

By applications, the global agricultural & forest machinery market is divided into agricultural and forestry. Agricultural machinery can be further differentiated into combine & forage harvesters, field sprayers, tractors, soil cultivating equipment, milking & poultry machines, haymaking machines, and others. Out of these, tractors will lead the market shares as it is highly preferred by the consumers owing to its driverless automation benefit. On the other hand, forestry machinery can be further differentiated into harvesters, forwarders, swing machines, skidders, bunchers, loaders, and others. Out of these, the hybrid harvester is expected to dominate market shares due to its optimum fuel efficiency function.  

Agricultural & Forestry Machinery Market, by End-Users:

By end users,the global agricultural & forest machinery market operates in the agricultural & forestry sectors. The demand for these sectors is driven by governing agricultural policy, push production, patterns in agricultural use, and production for timber.

Agricultural & Forestry Machinery Market, by Region:

Europe region will have lucrative opportunities for the market investors

The global agricultural & forest machinery market is analyzed across North-America, Europe, Asia-Pacific, and LAMEA regions.Europe dominates the market share due tofinancial support offered to the rural areas through the Common Agricultural Policy (CAP) and EU countries initiatives to finance forestry programs through national development programs. 

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Key participants in theGlobal Agricultural & Forestry Machinery Market:

Merger & acquisition andadvanced product development are the frequent strategies followed by the market players

Some of the major keyplayers in the global agricultural & forestry machinery market areAGCO Group, The Mahindra Group, AGROSTROJ Pelhrimov, Kubota Corp., Same Deutz-Fahr, Hubei Machinery and Equipment, Boneng Transmission, Bucher Industries AG, John Deere, Weifang Euroking Machinery, and others.

Market players prefer inorganic growth strategies to expand into local markets.The global agricultural & forest machinery marketplayers are emphasizing more on merger & acquisition and advanced product development.These are the strategies followed by established organizations.To emphasize more on the competitor analysis of market players, Porter’s five forces model is explained in the report.

Source: Research Dive Analysis