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The agriculture equipment market size is forecast to increase by USD 66.53 billion at a CAGR of 6.05% between 2023 and 2028. The market's growth hinges on several factors, including the rising demand for agricultural equipment prompted by labor shortages. Government subsidies aimed at bolstering the agricultural sector further fuel this growth trajectory. Additionally, the market sees an uptick with the increasing launch of new agricultural equipment by vendors, catering to the evolving needs of farmers and agricultural businesses. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
Moreover, the agriculture equipment market in North America is propelled by government initiatives to mechanize farming and counter the growing farm labor scarcity, among other market-driving factors. AGCO Corp. contributes to this sector with its diverse offerings, including tractors and feeders branded as Challenger, Fendt, Massey Ferguson, Valtra, Fella, White Planters, and Sunflower.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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