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The US agricultural machinery market size is forecast to increase by USD 10.17 billion at a CAGR of 6.37% between 2023 and 2028. The agricultural machinery market in the US is experiencing significant growth, driven by the rising adoption of advanced machinery that enhances productivity and efficiency on farms. This includes the integration of data analytics and artificial intelligence to optimize crop yields and reduce operational costs. However, high initial costs remain a challenge for many farmers, particularly for smaller operations. Additionally, emission regulations, such as TREM Stage-IV, are pushing manufacturers to develop more environmentally friendly machinery. Farmkart and JFarm Service, among others, are responding to these trends by offering financing solutions and leasing options under schemes like the FAME (Farm Bill Energy) scheme from CNH Industrial, enabling farmers to invest in modern machinery while managing their capital expenditures effectively.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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