The global export market for parts of agricultural machinery is dominated by Germany and the United States, each holding over 13% of the market share by 2024, followed by Belgium and China. Germany and the United States have shown modest annual growth rates, while China has seen a more significant increase. Emerging markets like Brazil and Malaysia have reported substantial growth, suggesting expanding manufacturing capabilities or increased demand in these regions. Conversely, Japan and other European countries have witnessed declines, potentially due to market saturation or shifts towards different machinery sectors.
Future trends to watch include the rapid growth of emerging markets, particularly in Asia and South America, as they continue to increase their market share. The ongoing development of smart agricultural machinery and increasing demand for sustainable farming practices may drive changes in market dynamics, benefiting countries investing in innovative technologies.
Top countries in Export of Parts of Agricultural Machinery Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13.84 | 2023 | +1.27% | +0.88% | View data |
| 2 | 2 United States | 13.52 | 2023 | +1.32% | +1.57% | View data |
| 3 | 3 Belgium | 10.51 | 2023 | +3.81% | +2.22% | View data |
| 4 | 4 China | 9.22 | 2023 | +3.55% | +3.69% | View data |
| 5 | 5 Canada | 6.86 | 2023 | +2.1% | +0.87% | View data |
| 6 | 6 Netherlands | 5.41 | 2023 | +2.17% | +3.31% | View data |
| 7 | 7 Italy | 5.1 | 2023 | +1.97% | +1.89% | View data |
| 8 | 8 Hungary | 4.51 | 2023 | +1.74% | +0.84% | View data |
| 9 | 9 Czech Republic | 4.1 | 2023 | +3.51% | +0.55% | View data |
| 10 | 10 France | 4 | 2023 | +0.89% | +0.94% | View data |
