US-Canada Agri Machinery Market Size, Share, Growth Insights and Report 2024-2031

US and Canada Agricultural Machinery Market Size, Share, Industry, Forecast and Outlook (2024-2031)

<h2>U.S. and Canada Agricultural Machinery Market is segmented 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 &amp; Harvesting, Sowing &amp; Planting, Plant Protection, Others) By Country (US, Canada)&nbsp;&ndash; Share, Size, Outlook, and Opportunity Analysis, 2024-2031</h2>

<h3>Market Overview</h3>

<blockquote>
U.S. and Canada Agricultural Machinery Market reached US$ 108.2 billion in 2022 and is expected to reach US$ 177.7 billion by 2031, growing with a CAGR of 6.4% during the forecast period 2024-2031.
</blockquote>

The U.S. and Canada agricultural machinery market has witnessed significant growth and development of the market, farmers are highly adopting these agricultural machinery as they help increase efficiency, productivity, and sustainability in farming practices, and also offer various advanced technologies, and also in various forms and sizes, catering to a wide range of farming activities.

Furthermore, as the demand for these products is increasing, manufacturers are producing different products, for instance, Deere &amp; Company company produces 6R Utility Tractors, which improve productivity with the power-to-weight ratio and a power boost when you need it. It also improves engine cooling performance.

The tractor of agriculture machinery segment shows dominance in the U.S. and Canada agriculture machinery market, as well as Canada, dominates in U.S. and Canada agriculture machinery market, as the government in this region provides funds over $1 million in funding for SomaDetect Inc. and Vivid Machines Inc. to develop farming technology, which helps boost the market growth.

<h3>Market Scope</h3>

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			Metrics
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			Details
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			CAGR
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			6.4%
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			Size Available for Years
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			2022-2031
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			Forecast Period
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			2024-2031
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			Data Availability
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			Value (US$)
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			Segments Covered
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			Type, Automation, Distribution Channel, and Application
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			Report Insights Covered
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			Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter&rsquo;s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.
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<h3>&nbsp;</h3>

<h3>Market Dynamics</h3>

Increase In Demand For Advanced Technology

The demand for advanced technologies for various agricultural practices is increasing, as they provide various advanced technology GPS, sensors, and others, which help in increasing the productivity rate, and also autonomous tractors, drones, and others are adopted for tasks like planting, weeding, and harvesting. These technologies enhance operational efficiency, reduce labor dependency, and improve overall productivity.

Furthermore, manufacturing companies with such advanced technologies are producing different variety of equipment, for instance, Kuhn SAS company produces Deep Cultivators, that optimize the soil and seedbed preparation and ensure better yields by cracking the soil and improving water infiltration to help the soil retain moisture. Hence, it helps in driving the market growth.

Increase In Demand For Precision Agriculture Practices

The increasing demand for precision agriculture practices is a significant driver of the agricultural machinery market. they are designed to perform various tasks effectively, within less period, and also provide real-time data regarding crop health, which helps increase crop productivity. Hence, these factors can contribute to propelling the agriculture machinery market in the U.S. and Canada.

Furthermore, manufacturing companies produce different types of agriculture machinery, for instance, Valtra Inc. company F Series tractor for fruit farms and vineyards, it is 1.3 and 1.8 m wide and highly suitable for narrow passages between your most valuable fruit crops, it has specially shaped chassis combined with a front axle that enables a 55-degree wheel angle. Tight turns are possible with a 3.6 m radius. Therefore, these products have the potential to contribute to the expansion of the market.

High Cost of Products

The considerable costs associated with the advanced and technologically equipped equipment, as well as the maintenance expenses, may lead small-scale farmers to explore alternative options. Hence, the high cost associated with agricultural machinery is a significant factor that can act as a restraint on the market.

<h3>Segment Analysis</h3>

The U.S. and Canada agricultural machinery market is segmented based on type, automation, distribution channel, and application

Increase in Demand for Tractors Agricultural Machinery 

The tractors segment accounts for the maximum share in the U.S. and Canada agricultural machinery market, Tractor agricultural machinery with various benefits that contribute to the efficiency and productivity of farming operations. Therefore, these factors might help in driving the U.S. and Canada agriculture machinery market.

Furthermore, many manufacturing companies are highly focusing on developing this market, for instance, Kubota Canada Ltd. company produces the M7 series, which is simple and reliable, the M7 series has a variety of features for greater productivity and operator comfort. it has 128 - 168 horsepower. Hence, the development of a wide range of tractors might help in increasing the market growth.

<h3>Geographical Penetration</h3>

Government Initiatives

Canada has been a dominant force in the U.S. and Canada agricultural machinery market and its significance has only grown in the post-2020 era. Farmers in this region are highly adopting these agricultural machinery as they effectively perform various agriculture practices.

Furthermore, as the demand for advanced agriculture machinery is increasing, the government in this region is investing in developing this market, for instance, in July 2022, the Minister of Agriculture and Agri-Food, announced over $1 million in funding for SomaDetect Inc. and Vivid Machines Inc. through the AgriScience Program to help producers improve farm management and their bottom line. Hence, they can help in expanding the market growth.

<h3>Competitive Landscape</h3>

The major global players in the market include Kubota Canada Ltd., Deere &amp; Company., KUHN SAS, CLAAS KGaA mbH, MAHINDRA USA, INC., DEUTZ-FAHR, Valtra Inc., AGCO Corporation., CNH Industrial, and YANMAR America Corporation.

<h3>COVID-19 Impact Analysis</h3>

The pandemic has brought a disruption in the supply chain, many manufacturing companies were shut down due to government lockdown restrictions, and also impacted the export and import rates, and availability of products in the market, hence, the COVID-19 pandemic has impacted the growth of U.S and Canada agriculture machinery market.

Furthermore, during a pandemic, the large-scale agriculture sector has also affected severely as the availability of raw materials, and products is limited and the cost of products has also increased due to the pandemic crises, which has shown a negative impact on the development of U.S and Canada agriculture machinery market.

<h3>Key Developments</h3>

<ul>
	<li>In January 2024, Asko Holding Group, intends to acquire a 97% stake in the Canadian agricultural machinery group Buhler Industries Inc. from the Rostselmash (RSM) company for 60.5 million Canadian dollars ($45.5 million).</li>
	<li>In December 2023, Linamar Corp., an Ontario-based agricultural manufacturing company, agreed to purchase Bourgault Industries Ltd. of St. Brieux, Sask.</li>
	<li>In May 2022, Zeus, acquired of Canadian agricultural supply business Agri-Flex. This positions the company as one of the largest distributors of agricultural crop packaging in the world and marks the next phase of a &euro;35 million investment strategy.</li>
</ul>

<h3>Why Purchase the Report?</h3>

<ul>
	<li>To visualize the U.S. and Canada Agricultural Machinery market segmentation based on type, automation, distribution channel, and application as well as understand key commercial assets and players.</li>
	<li>Identify commercial opportunities by analyzing trends and co-development.</li>
	<li>Excel data sheet with numerous data points of cement market-level with all segments.</li>
	<li>PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.</li>
	<li>Product mapping available as Excel consisting of key products of all the major players.</li>
</ul>

The U.S. and Canada Agricultural Machinery market report would provide approximately 45 tables, 44 figures and 210 Pages.

<h3>Target Audience 2024</h3>

<ul>
	<li>Manufacturers/ Buyers</li>
	<li>Industry Investors/Investment Bankers</li>
	<li>Research Professionals</li>
	<li>Emerging Companies</li>
</ul>

<ol>
	<li>Methodology and Scope
	<ol>
		<li>Research Methodology</li>
		<li>Research Objective and Scope of the Report</li>
	</ol>
	</li>
	<li>Definition and Overview</li>
	<li>Executive Summary
	<ol>
		<li>Snippet by Type</li>
		<li>Snippet by Automation</li>
		<li>Snippet by Distribution Channel</li>
		<li>Snippet by Application</li>
		<li>Snippet by Region</li>
	</ol>
	</li>
	<li>Dynamics
	<ol>
		<li>Impacting Factors
		<ol>
			<li>Drivers
			<ol>
				<li>Increase In Demand for Advanced Technology</li>
				<li>Increase In Demand for Precision Agriculture Practices</li>
			</ol>
			</li>
			<li>Restraints
			<ol>
				<li>High Cost</li>
			</ol>
			</li>
			<li>Opportunity</li>
			<li>Impact Analysis</li>
		</ol>
		</li>
	</ol>
	</li>
	<li>Industry Analysis
	<ol>
		<li>Porter&#39;s Five Force Analysis</li>
		<li>Supply Chain Analysis</li>
		<li>Pricing Analysis</li>
		<li>Regulatory Analysis</li>
		<li>DMI Opinion</li>
	</ol>
	</li>
	<li>COVID-19 Analysis
	<ol>
		<li>Analysis of COVID-19
		<ol>
			<li>Scenario Before COVID</li>
			<li>Scenario During COVID</li>
			<li>Scenario Post COVID</li>
		</ol>
		</li>
		<li>Pricing Dynamics Amid COVID-19</li>
		<li>Demand-Supply Spectrum</li>
		<li>Government Initiatives Related to the Market During Pandemic</li>
		<li>Manufacturers Strategic Initiatives</li>
		<li>Conclusion</li>
	</ol>
	</li>
	<li>By Type
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Type</li>
			<li>Market Attractiveness Index, By Type</li>
		</ol>
		</li>
		<li>Tractors*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Implements</li>
		<li>Harvesting</li>
		<li>Sprayers</li>
		<li>Irrigation Machinery</li>
		<li>Post Harvesting</li>
		<li>Loaders</li>
		<li>Haying and Forage Machinery</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By Automation
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Automation</li>
			<li>Market Attractiveness Index, By Automation</li>
		</ol>
		</li>
		<li>Automatic*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Semi-Automatic</li>
		<li>Manual</li>
	</ol>
	</li>
	<li>By Distribution Channel
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel</li>
			<li>Market Attractiveness Index, By Distribution Channel</li>
		</ol>
		</li>
		<li>Company Stores*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Hypermarkets/Supermarkets</li>
		<li>Specialty stores</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By Application
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Attractiveness Index, By Application</li>
		</ol>
		</li>
		<li>Land Development*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Threshing &amp; Harvesting</li>
		<li>Sowing &amp; Planting</li>
		<li>Plant Protection</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By Country
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Country</li>
			<li>Market Attractiveness Index, By Country</li>
		</ol>
		</li>
		<li>U.S*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Type</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Automation</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Distribution Channel</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Application</li>
		</ol>
		</li>
		<li>Canada*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Type</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Automation</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Distribution Channel</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%) Application</li>
		</ol>
		</li>
	</ol>
	</li>
	<li>Competitive Landscape
	<ol>
		<li>Competitive Scenario</li>
		<li>Market Positioning/Share Analysis</li>
		<li>Mergers and Acquisitions Analysis</li>
	</ol>
	</li>
	<li>Company Profiles
	<ol>
		<li>Kubota Canada Ltd.*
		<ol>
			<li>Company Overview</li>
			<li>Product Portfolio and Description</li>
			<li>Financial Overview</li>
			<li>Key Developments</li>
		</ol>
		</li>
		<li>Deere &amp; Company.</li>
		<li>KUHN SAS</li>
		<li>CLAAS KGaA mbH</li>
		<li>MAHINDRA USA, INC.</li>
		<li>DEUTZ-FAHR</li>
		<li>Valtra Inc.</li>
		<li>AGCO Corporation.</li>
		<li>CNH Industrial</li>
		<li>YANMAR America Corporation.&nbsp;(LIST NOT EXHAUSTIVE)</li>
	</ol>
	</li>
	<li>Appendix
	<ol>
		<li>About Us and Services</li>
		<li>Contact Us</li>
	</ol>
	</li>
</ol>

List of Tables

Table 1 U.S. and Canada Agricultural Machinery Market Value, By Type, 2023, 2027 &amp; 2031 (US$ Million)

Table 2 U.S. and Canada Agricultural Machinery Market Value, By Automation, 2023, 2027 &amp; 2031 (US$ Million)

Table 3 U.S. and Canada Agricultural Machinery Market Value, By Distribution Channel, 2023, 2027 &amp; 2031 (US$ Million)

Table 4 U.S. and Canada Agricultural Machinery Market Value, By Application, 2023, 2027 &amp; 2031 (US$ Million)

Table 5 U.S. and Canada Agricultural Machinery Market Value, By Country, 2023, 2027 &amp; 2031 (US$ Million)

Table 6 U.S. and Canada Agricultural Machinery Market Value, By Type, 2023, 2027 &amp; 2031 (US$ Million)

Table 7 U.S. and Canada Agricultural Machinery Market Value, By Type, 2022-2031 (US$ Million)

Table 8 U.S. and Canada Agricultural Machinery Market Value, By Automation, 2023, 2027 &amp; 2031 (US$ Million)

Table 9 U.S. and Canada Agricultural Machinery Market Value, By Automation, 2022-2031 (US$ Million)

Table 10 U.S. and Canada Agricultural Machinery Market Value, By Distribution Channel, 2023, 2027 &amp; 2031 (US$ Million)

Table 11 U.S. and Canada Agricultural Machinery Market Value, By Distribution Channel, 2022-2031 (US$ Million)

Table 12 U.S. and Canada Agricultural Machinery Market Value, By Application, 2023, 2027 &amp; 2031 (US$ Million)

Table 13 U.S. and Canada Agricultural Machinery Market Value, By Application, 2022-2031 (US$ Million)

Table 14 U.S. and Canada Agricultural Machinery Market Value, By Country, 2023, 2027 &amp; 2031 (US$ Million)

Table 15 U.S. and Canada Agricultural Machinery Market Value, By Country, 2022-2031 (US$ Million)

Table 16 Kubota Canada Ltd.: Overview

Table 17 Kubota Canada Ltd.: Product Portfolio

Table 18 Kubota Canada Ltd.: Key Developments

Table 19 Deere &amp; Company.: Overview

Table 20 Deere &amp; Company.: Product Portfolio

Table 21 Deere &amp; Company.: Key Developments

Table 22 KUHN SAS: Overview

Table 23 KUHN SAS: Product Portfolio

Table 24 KUHN SAS: Key Developments

Table 25 CLAAS KGaA mbH: Overview

Table 26 CLAAS KGaA mbH: Product Portfolio

Table 27 CLAAS KGaA mbH: Key Developments

Table 28 MAHINDRA USA, INC.: Overview

Table 29 MAHINDRA USA, INC.: Product Portfolio

Table 30 MAHINDRA USA, INC.: Key Developments

Table 31 DEUTZ-FAHR: Overview

Table 32 DEUTZ-FAHR: Product Portfolio

Table 33 DEUTZ-FAHR: Key Developments

Table 34 Valtra Inc.: Overview

Table 35 Valtra Inc.: Product Portfolio

Table 36 Valtra Inc.: Key Developments

Table 37 AGCO Corporation.: Overview

Table 38 AGCO Corporation.: Product Portfolio

Table 39 AGCO Corporation.: Key Developments

Table 40 CNH Industrial: Overview

Table 41 CNH Industrial: Product Portfolio

Table 42 CNH Industrial: Key Developments

Table 43 YANMAR America Corporation.: Overview

Table 44 YANMAR America Corporation.: Product Portfolio

Table 45 YANMAR America Corporation.: Key Developments

List of Figures

Figure 1 U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 2 U.S. and Canada Agricultural Machinery Market Share, By Type, 2022 &amp; 2031 (%)

Figure 3 U.S. and Canada Agricultural Machinery Market Share, By Automation, 2022 &amp; 2031 (%)

Figure 4 U.S. and Canada Agricultural Machinery Market Share, By Distribution Channel, 2022 &amp; 2031 (%)

Figure 5 U.S. and Canada Agricultural Machinery Market Share, By Application, 2022 &amp; 2031 (%)

Figure 6 U.S. and Canada Agricultural Machinery Market Share, By Country, 2022 &amp; 2031 (%)

Figure 7 U.S. and Canada Agricultural Machinery Market Y-o-Y Growth, By Type, 2022-2031 (%)

Figure 8 Tractors Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 9 Implements Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 10 Harvesting Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 11 Sprayers Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 12 Irrigation Machinery Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 13 Post Harvesting Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 14 Loaders Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 15 Haying and Forage Machinery Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 16 Others Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 17 U.S. and Canada Agricultural Machinery Market Y-o-Y Growth, By Automation, 2022-2031 (%)

Figure 18 Automatic Automation in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 19 Semi-Automatic Automation in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 20 Manual Automation in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 21 U.S. and Canada Agricultural Machinery Market Y-o-Y Growth, By Distribution Channel, 2022-2031 (%)

Figure 22 Company Stores Distribution Channel in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 23 Hypermarkets/Supermarkets Distribution Channel in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 24 Specialty stores Distribution Channel in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 25 Others Distribution Channel in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 26 U.S. and Canada Agricultural Machinery Market Y-o-Y Growth, By Application, 2022-2031 (%)

Figure 27 Land Development Application in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 28 Threshing &amp; Harvesting Application in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 29 Sowing &amp; Planting Application in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 30 Plant Protection Application in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 31 Others Application in U.S. and Canada Agricultural Machinery Market Value, 2022-2031 (US$ Million)

Figure 32 U.S. and Canada Agricultural Machinery Market Y-o-Y Growth, By Country, 2022-2031 (%)

Figure 33 U.S. and Canada Agricultural Machinery Market Value in U.S, 2022-2031 (US$ Million)

Figure 34 U.S. and Canada Agricultural Machinery Market Value in Canada, 2022-2031 (US$ Million)

Figure 35 Kubota Canada Ltd.: Financials

Figure 36 Deere &amp; Company.: Financials

Figure 37 KUHN SAS: Financials

Figure 38 CLAAS KGaA mbH: Financials

Figure 39 MAHINDRA USA, INC.: Financials

Figure 40 DEUTZ-FAHR: Financials

Figure 41 Valtra Inc.: Financials

Figure 42 AGCO Corporation.: Financials

Figure 43 CNH Industrial: Financials

Figure 44 YANMAR America Corporation.: Financials

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