Agriculture Equipment Market Regional Analysis

Asia Pacific region is expected to earn the top spot in terms of global agriculture equipment market size in the future. Presence of leading agricultural countries such as India and China in this region and availability of government support and subsidies for the agriculture industry are helping this region hold sway over others going forward. Rapidly increasing population in this region, efforts to improve agricultural yield, and rising exports of agricultural produce are also expected to make this an opportune space for agriculture equipment companies in the long run. Adoption of precision and smart farming practices is also slated to favor market development in this region.  

North America is expected to account for the second-largest share of the global agriculture equipment industry going forward. Extensive use of agriculture equipment by farmers, presence of leading agriculture equipment providers, and shortage of agricultural labor and workers are helping this region generate new business scope for agriculture equipment suppliers in the long run. Increasing efforts of farmers to reduce the environmental impact of farming and maximize their yields are also projected to boost sales of agriculture equipment in the North American region going forward. Canada and the United States are anticipated to be the leading revenue generators for agriculture equipment suppliers operating in this region through 2032.