Agriculture Equipment Market New Technological Developments and Key Insights By 2022

Agriculture Equipment Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $243.5 billion by 2022, registering a CAGR of 5.9% during the period 2016-2022. Factors that foster the growth of the market are increased mechanization of agricultural activities, economic stability, and increasing demand for food owing to the growing population, particularly in the developing regions. In the year 2015, Asia-Pacific generated the highest revenue, accounting for around 40% share in the overall agriculture equipment market, followed by North America and Europe.

Increased adoption of mechanized equipment in agricultural countries, such as India and China, has supplemented the market growth in Asia-Pacific region, which is expected to dominate the market throughout the analysis period. Southeast Asia is the leading rice exporter in the world, thus fueling the demand for agriculture equipment. North America and Europe are likely to exhibit relatively slow growth in the future, owing to huge mechanization in agriculture industry in the region.

Agriculture tractors, harvesters, soil preparation and cultivation equipment, irrigation & crop processing equipment, agriculture spraying equipment, hay and forage equipment are the major agriculture equipment considered in the study. Tractors constituted nearly one-third of the overall agriculture equipment market revenue in 2015, and are likely to remain the highest revenue contributors throughout the analysis period. Tractors are indispensable farm equipment, used for various activities, both as a standalone equipment and also with other implements. Harvesters is the second largest product category in terms of revenue generation. The market for harvesters is anticipated to grow with the highest CAGR of 6.9% during the forecast period.

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Key findings of Agriculture Equipment Market:
• The global agriculture equipment market is expected to exhibit a notable growth during the forecast period owing to the rising demand for food and increasing mechanization in agriculture.
• In the year 2015, tractors accounted for around 34% share in the overall agriculture equipment market revenue.
• The harvester segment is expected to be the fastest growing segment during the forecast period.
• Asia-Pacific is estimated to witness significant growth, growing at a CAGR of 7.6% from 2016 to 2022.
• China is likely to register a higher growth with a CAGR of 8.5% over the analysis period.

Product launch and acquisition are the key growth strategies adopted by the leading market players to gain a strong foothold in the market and expand their customer base. In the year 2016, John Deere launched new models of G-Series harvesters in the North American market. These harvesters have efficient fuel economy and offer high productivity. The key companies profiled include Deere & Company, Mahindra Group, AGCO Corporation, Agrostroj Pelhrimov A.s, Concern Tractor Plants, Escorts Limited, China National Machinery Industry Corporation, Valmont Industries Incorporated., Weifang Euroking Machinery, and Same Deutz-Fahr Group (SDF).

List of Tables:

TABLE 1 WORLD AGRICULTURE EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 20152022 ($MILLION)
TABLE 2 WORLD AGRICULTURE TRACTOR MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 3 WORLD AGRICULTURE TRACTOR MARKET VOLUME BY GEOGRAPHY, 2015-2022 (000 UNITS)
TABLE 4 WORLD HARVESTER MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 5 WORLD SOIL PREPARATION & CULTIVATION EQUIPMENT MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 6 WORLD IRRIGATION & CROP PROCESSING EQUIPMENT MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 7 WORLD AGRICULTURE SPRAYING EQUIPMENT MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 8 WORLD HAY & FORGAE EQUIPMENT MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 9 WORLD OTHER AGRICULTURE EQUIPMENT MARKET REVENUE BY GEOGRAPHY, 2015-2022 ($MILLION)
TABLE 10 WORLD AGRICULTURE EQUIPMENT MARKET REVENUE, BY GEOGRAPHY, 20152022 ($MILLION)
TABLE 11 NORTH AMERICA AGRICULTURE EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 20152022 ($MILLION)
TABLE 12 EUROPE AGRICULTURE EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 20152022 ($MILLION)
TABLE 13 ASIA-PACIFIC AGRICULTURE EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 20152022 ($MILLION)
TABLE 14 LAMEA AGRICULTURE EQUIPMENT MARKET REVENUE, BY PRODUCT TYPE, 20152022 ($MILLION)
TABLE 15 MAHINDRA GROUP- COMPANY SNAPSHOT
TABLE 16 MAHINDRA GROUP - OPERATING SEGMENTS
TABLE 17 ESCORT LIMITED- COMPANY SNAPSHOT
TABLE 18 ESCORT LIMITED - OPERATING SEGMENTS
TABLE 19 VALMONT INDUSTRIES, INC. - COMPANY SNAPSHOT
TABLE 20 VALMONT INDUSTRIES, INC. - OPERATING SEGMENTS
TABLE 21 DEERE & COMPANY- COMPANY SNAPSHOT
TABLE 22 DEERE & COMPANY - OPERATING SEGMENTS
TABLE 23 AGCO CORPORATION- COMPANY SNAPSHOT
TABLE 24 SAME DEUTZ-FAHR GROUP- COMPANY SNAPSHOT
TABLE 25 AGROSTROJ PELHRIMOV A.S- COMPANY SNAPSHOT
TABLE 26 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION-COMPANY SNAPSHOT
TABLE 27 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION- OPERATING SEGMENTS
TABLE 28 WEIFANG EUROKING MACHINERY- COMPANY SNAPSHOT
TABLE 29 CONCERN TRACTOR PLANTS-COMPANY SNAPSHOT

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