Agriculture Equipment Market Rising Demand Analysis and Precise Outlook 2020 -Deere & Company, AGCO Corporation, CNH Industrial N.V.
The latest market report on Agriculture Equipment 2020-26 offers an in-depth analysis of this business vertical involving key information concerning industry deliverables, predominantly market tendencies, market size, market shares, current valuation, and profits audit for the estimate period. The brief information regarding the industry also analyzes and elucidates the Agriculture Equipment Market growth rate in the forecast timeline, incited by certain catalysts.In 2018, the global agriculture equipment market size was USD 160 billion, expecting to grow at a CAGR of 9% from 2019 to 2025.
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Companies Covered-
Deere & Company, AGCO Corporation, CNH Industrial N.V., Agro Tractors S.p.A., SDF Group, The Toro Company, Kubota Corporation, CLAAS KGaA mbH, Mahindra & Mahindra Ltd., Escorts Ltd and Others.
These major players have adopted various organic as well as inorganic growth strategies such as mergers and acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Summary
The adoption of modern technologies by farmers to increase agricultural productivity and meet the growing demand for food is expected to be a key factor in the market. Traditional farming techniques such as plows, seeders, and tillage, are now replaced by various modern agricultural machines. advanced agricultural machinery such as spraying equipment, Hay and Forage, fishermen and irrigation and crop processing equipment are used in various processes to improve crop production and quality.
The global market is expected to grow significantly over the forecast period due to higher integration of innovative technologies in farm machinery. For example, various agricultural machinery manufacturers are focusing on technologies such as the integration of Google Earth, GPS, and robotic systems in existing equipment to improve productivity. Another reason key to the planned growth of government subsidies and low rates offered to farmers in developing countries to adopt agricultural machines.
Agricultural equipment allows easy Agriculture; it makes it a simpler and more profitable process by improving crop quality and reducing labor costs. The market is expected to witness high growth during the forecast period due to the merger of several new technologies in this field. Increasing the world population increases the demand for food, increasing pressure on farmers to innovate time and cost-effective methods of production. This should stimulate the market for farm machinery.
Agriculture Equipment Market Segmentation by types, Applications and regions:
The Agriculture Equipment Market is segmented by the types such as,
Wheel Drive Tractors
Crawler Tractors
Harvesters
Sprayers
Others
Wheel Drive Tractors is the largest segment with a market share of 58.74% in 2018.Plowing
Not only this, figures covering the end user applications are also provided according to the classification such as,
Sowing
Plant Protection & Fertilizing
Harvesting & Threshing
Others
Agriculture Equipment is more used for plowing, with a 35 percent market share in 2018.
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Market Segment by Regions:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis of segmentation help in offering precise results about the markets related to industry.
The study objectives are:
-Comprehensive assessment of all opportunities and risk in the Agriculture Equipment market
-Agriculture Equipment market recent innovations and major events
-The detailed study of business strategies for the growth of the Agriculture Equipment market-leading players.
-Conclusive study about the growth plot of the Agriculture Equipment market for forthcoming years.
-In-depth understanding of Agriculture Equipment market-particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Agriculture Equipment market.
What our report offers:
- Agriculture Equipment Market share assessments for the regional and country level segments
- Agriculture Equipment Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Agriculture Equipment Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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