openPR Logo
Press release

Agriculture Equipment Market Expected to reach $243.5 Billion, Globally, by 2022 | Top Companies- Deere & Company, Mahindra Group, AGCO Corporation, Agrostroj Pelhrimov A.s

02-13-2019 10:05 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Agriculture Equipment Market

Agriculture Equipment Market

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.

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 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.

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.

Have Any Query? Ask Our Experts: https://www.alliedmarketresearch.com/request-sample/1509?utm_source=openpr&utm_medium=vs

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).

Make Purchase Report Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1509?utm_source=openpr&utm_medium=vs

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Agriculture Equipment Market Expected to reach $243.5 Billion, Globally, by 2022 | Top Companies- Deere & Company, Mahindra Group, AGCO Corporation, Agrostroj Pelhrimov A.s here

News-ID: 1583971 • Views:

More Releases from Allied Market Research

Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by the year 2030, as projected by Allied Market Research.
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by th …
According to a new report published by Allied Market Research, titled, "home beer brewing machine market by product type, mechanism, and distribution channel: global opportunity analysis and industry forecast, 2021-2030," The global home beer brewing machine market size was valued at $19.1 million in 2020, and is projected to reach $25.4 million by 2030, registering a CAGR of 3.0% from 2021 to 2030. Request a report sample to gain comprehensive insights
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 25.5% through the year 2030, according to Allied Market Research.
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate …
According to a new report published by Allied Market Research, titled, "Hospitality Robots Market by Type, End User, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global hospitality robots market size is expected to reach $3,083 million by 2030 at a CAGR of 25.5% from 2021 to 2030. Hospitality Robots Market by Type (Front Desk Robots, Delivery Robots, Cleaning Robots and Others) and end user (Hotels,

All 5 Releases


More Releases for Agriculture

Indonesia Agriculture Market, Indonesia Agriculture Industry, Agriculture Grains …
Indonesia is world’s leading producer of palm oil as well as a leading global producer of other commodities such as rubber, cocoa, and coffee. Indonesia is a rich country in fertile land ideal for growing different ranges of crops for both export & domestic consumption. However, these are export crops that have come to direct land use and employment to take the advantage of peaks in global commodity prices. In
Zambia Agriculture Market, Zambia Agriculture Industry, Agriculture Livestock Ma …
Agriculture has always been of excessive importance for the Zambia, as nurturing the world’s largest population is not a tranquil task. The Zambia government has been ancillary the agriculture industry with a number of policies, annoying to stabilize the output and pursuing ways to ensure the sector is rising healthily and sustainably. The Zambia federal government has been decidedly supportive of agriculture for decades, and there is far-reaching political consensus
Morocco Agriculture Market, Morocco Agriculture Industry, Agriculture Grains Mar …
Morocco is tremendously dependent on its agricultural sector. Moroccan agricultural production consists mainly of potatoes, sugar beet, oranges, wheat, tomatoes, olives, and olive oil. The significance of agriculture sector in the economy of Morocco and other countries is measured as the worth added of the agricultural sector as percent of Gross domestic product (GDP). Agriculture includes hunting, forestry, and fishing, as well as the cultivation of crops & livestock production. According
Philippines Agriculture Market, Philippines Agriculture Industry, Agriculture Gr …
The Philippines is primarily an agricultural country. Most populace lives in rural areas and support themselves through agriculture. Country’s agriculture sector is sub-divided into 4 key sub-sectors: fisheries, farming, livestock, and forestry that employ approximately 39.8 % of the labor-force and contribute 20 & of GDP. The fisheries sector is categorized into 3 sub-sectors: municipal, commercial, and aquaculture (cultivation of natural produce of bodies of water). Growing crops for the
Mozambique Agriculture Market, Mozambique Agriculture Industry, Agriculture Grai …
The Agriculture has always been of abundant importance for Mozambique, as feeding the world’s principal population is not an easy undertaking. The Mozambique government has been supportive the agriculture industry with a sum of policies, trying to stabilize the output and pursuing ways to ensure the sector is developing healthily and sustainably. The Mozambique federal government has been exceedingly supportive of agriculture for decades, and there is wide-ranging political consensus
Turkey Agriculture Market, Turkey Agriculture Industry, Agriculture Grains Marke …
Turkey’s agricultural economy is among the highest ten within the world, with half of the country consisting of agricultural land and nearly a quarter of the population utilized in agriculture. Turkey is a major producer of wheat, sugar beets, milk, poultry, cotton, tomatoes and different fruits and vegetables, and is that the high producer within the world for apricots and hazelnuts.  As inputs to animal feed for its meat and