The Global Equipment Market size was estimated at USD 1113.90 billion in 2022 and is expected to reach USD 1587.74 billion by 2030 at a CAGR of 4.99% during the forecast period of 2023-2030.
The global equipment market is experiencing robust growth driven by rising infrastructure development, technological advancements, and increasing demand for automation across industries. This market encompasses a wide range of sectors, including construction, manufacturing, healthcare, and agriculture. Key drivers include growing urbanization, rising investment in smart cities, and the expanding industrial base in emerging economies. Additionally, companies are embracing advanced technologies like artificial intelligence (AI), the Internet of Things (IoT), and automation, which are reshaping the landscape of equipment manufacturing and enhancing operational efficiency.
Moreover, the surge in demand for environmentally sustainable and energy-efficient equipment is significantly influencing market dynamics. Governments worldwide are implementing stricter environmental regulations, prompting manufacturers to develop greener equipment with lower carbon footprints. The adoption of electric and hybrid machinery, particularly in construction and agriculture, is gaining traction as companies strive to reduce greenhouse gas emissions. This shift towards eco-friendly solutions is not only a regulatory requirement but also a strategic move to cater to the growing consumer preference for sustainable products, positioning the global equipment market for continued expansion.
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Covid 19 impact analysis:
The latest report is the most recent study that offers coverage of the Global Equipment industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Global Equipment market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
AGCO CORPORATION (U.S.), LAMO GROUP INC. (U.S.), CHINA NATIONAL MACHINERY INDUSTRY CORPORATION (CHINA), CNH INDUSTRIAL N.V. (U.K.), CLAAS KGAA GMBH (JAPAN), DEERE & COMPANY (U.S.), KUBOTA CORPORATION (JAPAN), MAHINDRA & MAHINDRA (INDIA), SDF S.P.A. (ITALY), VALMONT INDUSTRIES INC. (U.S.), and Others
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Global Equipment market.
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It has segmented the global Global Equipment market
By Agriculture Equipment
Agriculture Equipment By Type (Value)
- Agriculture Tractors
- Harvesting Equipment
- Irrigation & Crop Processing Equipment
- Agriculture Spraying & Handling Equipment
- Soil Preparation & Cultivation Equipment
- Others (Hay & Forage Equipment, Trailers)
Agriculture Equipment By Type (Volume)
- Agriculture Tractors
- Harvesting Equipment
- Irrigation & Crop Processing Equipment
- Agriculture Spraying & Handling Equipment
- Soil Preparation & Cultivation Equipment
- Others (Hay & Forage Equipment, Trailers)
By Snow Removal Equipment
Snow removal Equipment By Type (Value)
- Loaders
- Blowers
- Displacement Plows
- Rotary Brooms De-Icers
- Sprayer Trucks
- Spreaders
Key Objectives of the Global Global Equipment Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Global Equipment
- The report marks the notable developments that have recently taken place in the Global Equipment industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Global Equipment market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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