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Agriculture Equipment Market Worldwide Top Players Concern Tractor Plants, Deere & Company, Escorts Limited, Mahindra Group, Same Deutz-Fahr Group (SDF), Valmont Industries Incorporated, and Weifang Euroking Machinery

04-06-2020 02:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Agriculture Equipment

Agriculture Equipment

Key Trends and Analysis of Agriculture Equipment Market:

On the basis of product type, the power weeder segment is expected to grow with the highest CAGR with 4.20% over the forecast period. In 2016, the power weeder segment generated the revenue of US$ 4,581.5 million and is projected to reach US$ 6,406.8 million by 2025. Power weeder are devices used for removing the weeds, stirring, and pulverizing the soil. The increasing usage of power weeder for weeding various crops such as cotton, paddy, pulses, sugarcane, tapioca, tomato, and various other plant fields have accelerated the demand of this segment in agriculture equipment market. Furthermore, it provides various advantages such as high performance, low fuel consumption, large torque for heavy working, which have increased the demand for power weeder in agriculture industry.

The report draws an attention to key players details such as corporate profiles, product price, sales, revenue, and product specification. Then it gives special importance to the dealers, distributors, marketing network, and forecast. The ending part of this report shades light on the market landscape and its growth prospects over the coming years. Agriculture Equipment Market report also covers all the regions and countries of the world, which shows a regional development status.

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Major Keyplayers Like : AGCO Corporation

Agrostroj Pelhrimov A.s
China National Machinery Industry Corporation
Concern Tractor Plants
Deere & Company
Escorts Limited
Mahindra Group
Same Deutz-Fahr Group (SDF)
Valmont Industries Incorporated
Weifang Euroking Machinery
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Global agriculture equipment market was valued at US$ 103,463.9 million in 2017 up from US$ 100,321.0 million by 2016. By 2025, it is projected that the agriculture equipment market will reach US$ 136,527.1 million with a CAGR of 3.53% in the forecast period, according to a market research report Global Agriculture Equipment Market Report, by Product Type (Tractors, Combine Harvesters, Rotavators, Power, Tillers, Seed Drill, Thresher, Power Weeder, and Others), and by Geography.

Increasing technological advancement in agriculture equipment plays a major role for the growth of the agriculture equipment market globally. Currently, farming is more advanced with the help of data analytics, GPS, remote sensing technology integrated with farming equipment. Thousands of farmers majorly in developed region are adopting new equipment to make their farming more precise. Innovation of self-driving tractor is one of the major innovation, which provides the major growth opportunity to the agriculture equipment market in the forecast period. The self-driving tractor can map fields, drive them self's and check its own motion and helps to reduce fertilizer, seeds and fuel waste. Autonomous Tractor Corporation, John Deere are some of the major companies of the self-driving tractor.

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Key Highlights of the Table of Contents:

Agriculture Equipment Market Study Coverage:It includes key manufacturers covered, key market segments, the scope of
products offered in the global Colposcopy market, years considered, and study objectives. Furthermore, it
touches the segmentation study provided in the report on the basis of the type of product and applications.

Agriculture Equipment Market Executive Summary: This section emphasizes on the key studies, market growth rate,
competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

Agriculture Equipment Market Production by Region: The report provides information related to import and export,
production, revenue, and key players of all regional markets studied are covered in this section.

Agriculture Equipment Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this
section. This also provides SWOT analysis, products, production, value, capacity, and other vital factors of
the individual player.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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