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U.S. and Canada Agricultural Machinery Market Growth, Industry Development and Forecast 2024

Objective of the Report

This market research report aims to provide an in-depth analysis of the U.S. and Canada Agricultural Machinery industry. It includes valuable observations, statistical data, historical trends, and industry-validated insights.

Overview

The U.S. and Canada Agricultural Machinery Market growing with a CAGR of 6.4% during the forecast period 2024-2031.

Key Players

·         Kubota Canada Ltd.

·         Deere & Company

·         KUHN SAS

·         CLAAS KGaA mbH

·         MAHINDRA USA, INC.

·         DEUTZ-FAHR

·         Valtra Inc.

·         AGCO Corporation

·         CNH Industrial

·         YANMAR America Corporation

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Market Segments

Market segmentation involves categorizing customers into groups that respond similarly to marketing strategies.

By Type:  Tractors, Implements, Harvesting, Sprayers, Irrigation Machinery, Post Harvesting, Loaders, Haying and Forage Machinery, Others

By Automation:  Automatic, Semi-Automatic, Manual

By Distribution Channel:  Company Stores, Hypermarkets/Supermarkets, Specialty stores, Others

By Application:  Land Development, Threshing & Harvesting, Sowing & Planting, Plant Protection, Others

Key Developments

In January 2024, Asko Holding Group announced plans to acquire a 97% stake in Canadian agricultural machinery company Buhler Industries Inc. from Rostselmash (RSM) for 60.5 million Canadian dollars (approximately $45.5 million).

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