United States Agricultural Machinery Market Forecast Report by Machinery Type (Irrigation Machinery, Tractors, Ploughing and Cultivation Machinery, Harvesting Machinery, Haying and Forage Machinery, Planting Machinery, Sprayer), Irrigation Machinery (Gravity Irrigation, Miro-Irrigation, Sprinkler), Tractors by Engine Power (Less than 40 HP, 41 to 100 HP, More than 100 HP), Ploughing and Cultivation Machinery (Cultivators and Tillers, Harrows, Ploughs, Others), Harvesting Machinery (Combine Harvesters, Harvesting Robots, Self-Propelled Forage Harvesters), Haying and Forage Machinery (Mowers, Balers, Tedders and Rakes, Forage Harvesters) and Company Analysis 2024-2032

Driving Forces for Agricultural machinery market in United States

Rise in average farm size

American agriculture and rural life underwent a massive transformation in the 20th century. Early 20th-century agriculture was labor-intensive, taking place on numerous small, diversified farms. By the twenty-first century, a smaller number of sizable, specialized farms accounted for the majority of agricultural production. The number of farms in the United States has been decreasing due to increased productivity in agriculture and nonfarm employment opportunities. The average farm size has been increasing, reaching 445 acres in 2021. This consolidation is driven by profitability, as larger farm sizes lead to higher profitability. However, as labor costs rise, farm owners are turning to agricultural machinery to manage larger farms, which is fueling market growth.

Technological Advancement

The United States' agricultural methods have undergone a radical transformation due to technological innovations including sensors, automated machinery, GPS guidance systems, and data analytics. These developments have improved farming production, efficiency, and input utilization. Improvements in machinery design have also led to improvements in power, durability, and efficiency, enabling larger-scale activities with fewer laborers. Planting, spraying, and harvesting integrated systems have enhanced farm management and streamlined workflows, spurring innovation and market expansion in the agricultural machinery industry.

For instance, With the acquisition of Blue River Technology, an AI start-up, the US-based agricultural machinery major John Deere started to improve the AI-based innovation process in tractors. Long term, these kinds of advancements should fuel demand for tractors with cutting-edge technology.

Government Support

Government support is a major factor in driving the expansion of the US market for agricultural machinery. Policies, incentives, and subsidies from the federal and state governments are intended to promote agriculture's modernization, efficiency, and sustainability. These policies sometimes entail giving farmers financial assistance or tax breaks in exchange for making capital expenditures in new equipment, embracing cutting-edge technologies, and putting into practice productivity-boosting and environmentally friendly techniques.

Additionally, government-funded R&D initiatives support agricultural machinery innovation and the development of more effective and productive technology. Government agency rules and guidelines have an effect on the market as well by influencing consumer demand for equipment that satisfies particular safety and environmental requirements.

Texas Agricultural Machinery Market

Texas's vast and varied agricultural business depends heavily on the state's agricultural machinery market. Texas is one of the most productive states in the union for agriculture, producing an extensive range of goods, including grains, cotton, livestock, fruits, and vegetables. Large-scale Texas farms that produce a wide variety of crops are in great demand for different kinds of agricultural technology. The markets for tractors, combines, irrigation systems, sprayers, and livestock management equipment are important segments of the Texas agricultural machinery industry. In an effort to increase output and efficiency, Texas farmers are progressively implementing technology innovations like GPS-guided machinery and precision farming techniques. Adoption of modern agricultural equipment is also driven by factors like weather variability and the need for sustainable farming practices. Government support in the form of subsidies and incentives also encourages investment in new machinery, contributing to the growth and rejuvenation of the agricultural sector in Texas.

United States Agricultural Machinery Company Analysis

The top agricultural machinery companies in the United States are John Deere's, CNH Industrial, AGCO Corporation, KUBOTA Corporation, Titan Machinery Inc., CLASS, Lindsay Corporation, and Alamo Group Inc.

United States Agricultural Machinery Company News

December 2022 - New Automation and Autonomy Solutions have been added by CNH Industrial to its Ag Tech portfolio in Phoenix, Arizona, and the United States. These New Raven Driverless Tillage and Driver Assist Harvest solutions, along with Case IH and New Holland's Baler Automation, can provide automation and autonomous equipment advancements, helping to address the biggest obstacles to farmers' productivity growth.

May 2022 - AGCO acquired JCA Industries with the aim of augmenting its engineering and software development proficiencies and expediting the advancement of highly automated and self-governing machinery.

April 2022- In Kingsburg, California, Deere & Company and GUSS Automation established a joint venture through an LLC. For vineyards and orchards, Global Unmanned Spray System (GUSS) is a pioneer in semi-autonomous sprayers.

Machinery Type – Market breakup in 7 viewpoints:

1. Irrigation Machinery
2. Tractors
3. Ploughing and Cultivation Machinery
4. Harvesting Machinery
5. Haying and Forage Machinery
6. Planting Machinery
7. Sprayer

Irrigation Machinery – Market breakup in 3 viewpoints:

1. Gravity Irrigation
2. Miro-Irrigation
3. Sprinkler

Tractors by Engine Power- Market breakup in 3 viewpoints:

1. Less than 40 HP
2. 41 to 100 HP
3. More than 100 HP

Ploughing and Cultivation Machinery - Market breakup in 4 viewpoints:

1. Cultivators and Tillers
2. Harrows
3. Ploughs
4. Others

Harvesting Machinery - Market breakup in 3 viewpoints:

1. Combine Harvesters
2. Harvesting Robots
3. Self-Propelled Forage Harvesters

Haying and Forage Machinery - Market breakup in 4 viewpoints:

1. Mowers
2. Balers
3. Tedders and Rakes
4. Forage Harvesters

All the key players have been covered from 3 Viewpoints:

• Business Overview
• Recent Development
• Revenue Analysis

Key Players Analysis:

1. John Deere's
2. CNH Industrial
3. AGCO Corporation.
4. KUBOTA Corporation.
5. Titan Machinery Inc.
6. CLASS
7. Lindsay Corporation
8. Alamo Group Inc.

Report Details: