Agriculture is one of the oldest industries in the world. It started with the use of traditional ways, that is, using hands and cattle to take care of the farms. As the population increases, so does the demand of large quantities of agricultural products. To bridge the gap between the market’s demand and supply, the agricultural equipment manufacturers came into existence.
Agricultural equipment manufacturers came up with an amazing line of products that ease the process of farming. These equipment can be employed for pushing/pulling the machinery that is used for ploughing, tilling, disking, harrowing and planting.
Let’s look at the factors that are responsible for the growth of agricultural equipment manufacturers. Due to the lack of skilled agricultural labor and increasing pays, the major players of the agriculture market are looking for reliable options. Moreover, the government-backed schemes are promoting the use of farm mechanisation products. All of this is boosting the market of agricultural equipment manufacturers.
According to Verified Market Research experts, the global agricultural equipment manufacturers’ market was valued at USD 99.42 billion in 2018. Since then, the market has ballooned and is projected to reach USD 135.07 billion by 2026. This elliptical rise is equivalent to a CAGR of 3.92 % from 2019 to 2026.
Top 9 agricultural equipment manufacturers bringing growth in farming industry
Agriculture has been one of the oldest industries that has undergone regular changes to level up with the market trends. With the growing automation and the rising costs, agricultural businesses are stepping towards more reliable versions of technology. The increasing footfall in the market can be attributed to the world-class products and services offered by the big-league members of the industry.
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John Deere
John Deere is one of the oldest members in the agricultural equipment manufacturers’ industry. It has been offering world-class products to the customers across the globe. It is dedicated to build a better world.
CNH Industrial
CNH Industrial is a global pioneer in the agricultural equipment industry. It has changed the methods of carrying out agricultural operations. It believes in ensuring that agriculture, construction, transport and emergency services could continue, with full speed, ahead.
AGCO
AGCO delivers sustainable high-tech solutions to the farmers. It has been regularly interacting with its customers to bring out the best quality products, using the most advanced technology among the agricultural equipment manufacturers.
CLAAS Group
CLAAS Group is the dominant producer of agricultural equipment in the world. It can be considered as the flag bearer of the market filled with agricultural equipment manufacturers. It helps farmers to serve the rising demand for food, energy and commodities.
Changzhou Dongfeng Agricultural Machinery Group Co.,Ltd.
Changzhou Dongfeng Agricultural Machinery Group Co.,Ltd. builds reliable and durable agricultural equipment. The Chinese giant has been offering the most advanced machinery in the list of the agricultural equipment manufacturers.
Lovol Heavy Industry co. ltd
Lovol Heavy Industry co. ltd has been steering the agricultural equipment manufacturers’ industry since the launch of the agricultural machinery industry. It steers the industrial innovation and development in the diverse fields from agricultural equipment, construction machinery, vehicles, engines, finance to network technology.
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Changfa Group
Changfa Group is an industrial conglomerate that specializes in agricultural machinery and refrigeration equipment. Its rapid expansion has attracted the attention of many world leaders and this has helped the brand in winning many awards across the globe.
SDF Group
SDF Group has been at the forefront of transforming the agriculture industry. It is one of the world’s leading manufacturers of tractors, harvesting machines and diesel engines. Loaded with new technology and R&D division, the company has garnered a positive image in the market. It is one of the best go to options for agricultural equipment in the agricultural equipment manufacturers’ industry.
YTO Group
YTO Group is one of the ideal options when it comes to choosing the long lasting agricultural equipment. Due to its strategic location and wide network, the organization has managed to make its mark in the agricultural equipment manufacturers’ industry.
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