Farm Equipment Market will be Valued at $321.32 Billion by 2026 - Kubota, Kuhn Group S.A., Kverneland A.S., Mascar S.p.A., MaterMacc S.p.A., Alamo Group, AGCO, Argo S. p. A

Marketprognosis.com Publish a New Market Research Report On “Farm Equipment - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Farm Equipment Market:

Global Farm Equipment Market is accounted for $179.25 Billion in 2017 and is expected to reach $321.32 Billion by 2026 growing at a CAGR of 6.7% during the forecast period. Population growth has escalated the demand for food and growing mechanization trend in agriculture industry are some of the key factors fueling the market growth. However, factors such as increasing subsidies provided by government to purchase farm equipment and support farming practices for improved quality crops inhibit the market growth. One of the major opportunities in the market is rising implementation of technology-driven agriculture equipment.

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Farm equipment are mechanical devices such as tractors and several attached implements, which are intended to be utilized in diverse farming operations in order to save time and labor. It is also known as Agricultural Equipment which involves all machineries which assist in the production of crops and agricultural livestock. These are easy to use and aid in diverse agricultural operation such as cultivation, spraying of fertilizers, insecticide, pesticides, herbicides, harvesting of crop and livestock farming. The agricultural sector is changing its practices from traditional farming to modern farming and this equipment are essential tools that enhance yield and improve the maintenance of soil and have easy approach in farming.

Based on the type, Trailers and Trucks segment usage in agriculture has been increasing rapidly because it varies greatly in size, power, and configuration. Farmers prefer these kinds of vehicles to easy their work while harvesting the crops on shifting the grains obtained from the one place to another mainly on budget. Gooseneck mounts are often used for agricultural and industrial trailers. Tractors are most commonly used in agriculture and provide the power and traction to mechanize agricultural tasks, especially tillage.

By Geography, Asia Pacific is expected to hold largest market share due to increasing demand for quality food grains, fruits and vegetables. Major players have been focusing on high growth markets such as India and China, to reap the benefits from increasing mechanization.

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Major Key Players:

1 Kubota Corporation

2 Kuhn Group S.A.

3 Kverneland A.S.

4 Mascar S.p.A.

5 MaterMacc S.p.A.

6 Alamo Group Inc.

7 Amazone H. Dreyer GmbH & Co. KG

8 Bucher Industries and More………………….

Market Segment by Phases:

1 Cultivation

2 Harvesting and Threshing

3 Land Development

4 Post Harvesting

5 Sowing and Planting

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Farm Equipment Market.

Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Farm Equipment Market, By Phase

6 Global Farm Equipment Market, By Type

7 Global Farm Equipment Market, By Geography

8 Key Developments

9 Company Profiling

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This release was published on openPR.