Agriculture and Forestry Equipment Market Analysis & Future Growth, 2021-2028 | Key Segments, Drivers and OpportunitiesAgriculture and forestry equipment are the machineries which assist in the process of farming and forest activities, such as cultivation of land, harvesting, and collecting wood logs. Tractors, crop sprayers, rotators, harvesters, and skidders are the varieties of agriculture and forest machineries available in the market. Over a period of time, this market has witnessed huge growth in terms of innovation and technological advancement, which has resulted in increased farm productivity and reduction of manual labor on farm.
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The agriculture machinery market has witnessed growth in the past few years, owing to growing demand for advanced machinery from developing regions. Economic stability in the countries and growing population led to increased demand for food, thereby resulting in increased pressure on the agriculture sector. This has encouraged farm owners to make the agricultural land more efficient and productive in the coming years, thereby fueling the demand for efficient agriculture machineries.
Factors such as mechanization of activities in agriculture and forestry, government support in agriculture, and strong economic growth in developing regions have fostered the growth of the agriculture and forestry equipment market. However, lack of information about the benefits and the availability of efficient agriculture and forestry machineries among farmers is likely to restrict the growth.
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The world agriculture and forestry equipment market is segmented based on product type and geography.
Based on product type, the segments covered are forest and agriculture tractors, harvesters, agriculture spraying equipment, soil preparation and cultivation equipment, milking and poultry machines, haymaking machines, and other forest and agriculture equipment.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The regions are further bifurcated on the basis of countries such as the U.S., Canada, and Mexico in North America; Italy, Germany, and rest of Europe in Europe; China, Japan, and rest of Asia-Pacific in Asia-Pacific; Brazil, Africa, and Middle East in LAMEA.
Some of the major companies profiled in the report include John Deere, 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.
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