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: 443

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Agriculture

Global Agriculture Tractors Market Insights, Forecast
This report presents the global Agriculture Tractors market size (value, production and consumption), splits the breakdown (forecast 2019 to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Get sample copy of report : https://www.marketdensity.com/contact?ref=Sample&reportid=48498 Table of Contents 1 Study Coverage
Agriculture Robots Market - The Adoption of Agriculture Robots
The global agriculture robots market features a widely diverse competitive landscape characterized by region-wise dominance of prominent players, notes Transparency Market Research (TMR). For instance, the agriculture robots market in North America was dominated Harvest Automation, Inc., Clearpath Robotics, and PrecisionHawk, Inc., in 2015, while in the same year, Naio Technologies and SenseFly SA led the Europe market. In addition, Shibuya Seiki was one of the leading players in the
Agriculture Drone Market Boost the Development of Intelligent Agriculture
The global agriculture drone market was estimated as USD 193.4 million in 2015 and is expected to grow significantly over the forecast period. The technology is gaining the traction among farmers for better productivity and efficient use of land, water, and fertilizers. Increasing investments and interest in technology from venture firm to the manufacturers are also anticipated to be enhancing the market demand. Agriculture drones are emerging as a productive
Global Agriculture Equipment Sales Market Report 2017
Summary The Global Agriculture Equipment Sales 2017 Market Research Report is a professional and in-depth study on the current state of the Agriculture Equipment market. The report provides a basic overview of the Agriculture Equipment industry including definitions, classifications, applications and industry chain structure. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price,
Agriculture Enzyme Market Report 2017
Browse the full report with a table of contents : https://www.reportsandmarkets.com/reports/emea-europe-middle-east-and-africa-agriculture-enzyme-market-report-2017-1564076 In this report, the EMEA Agriculture Enzyme market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split EMEA into Europe, the Middle East and Africa, With sales (K MT), revenue (Million USD), market
Global Agriculture Robots Market | MarketResearchReports.biz
Latest industry research report on: Agriculture Robots Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Agriculture robots perform different operational tasks such as capturing images, seeding, spraying water, harvesting, and milking among others. The growing need for food and scarcity of agriculture labor is boosting the growth of agriculture robots market. The global market for agriculture robots is majorly driven by increase in precision agriculture