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 spans a broad range of industries, from construction and manufacturing to healthcare and agriculture, playing a critical role in modern infrastructure and productivity. Driven by technological advancements such as automation, IoT integration, and sustainability efforts, the market has seen substantial growth in recent years. Equipment manufacturers are increasingly focusing on energy-efficient designs and smart solutions to meet evolving regulatory standards and customer demands. As industries across the globe face the challenge of reducing their environmental footprint, the adoption of cleaner, greener machinery has become a key trend, fostering further innovation and market expansion.
Emerging economies in regions like Asia-Pacific and Latin America are contributing significantly to the equipment market’s expansion, spurred by rapid urbanization, industrialization, and infrastructure development. The demand for advanced equipment in sectors like construction, mining, and transportation continues to rise, prompting a surge in both domestic production and international trade. As the digital transformation progresses, equipment markets are also embracing data-driven solutions, enabling predictive maintenance and operational efficiency improvements. This fusion of technology and machinery is setting the stage for a more resilient, adaptive global equipment market poised for sustained growth.
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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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