Press release
Agriculture Equipment Market Growth, Size, Trends, Share, Opportunities and Forecast to 2027 | Top Players Deere & Company, AGCO Corporation, Mahindra Group
Agriculture Equipment Market
Agricultural equipment aid in increasing agricultural productivity with less time consumption. In addition, agricultural equipment require lower effort inputs, thereby reducing the demand for human labor on farms. This not only saves time of operations but also saves costs incurred on manpower. Furthermore, advancements in machine technologies promote the growth of the agricultural equipment market. This is attributed to the fact that implementation of automatic and semi-automatic machinery increases the crop production, owing to lower downtimes and highly precise operations.
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Based on the product, the agricultural tractors segment held nearly one-third of the total market share of the global agriculture equipment market in 2015, and is expected to maintain its dominant position throughout the forecast period. However, the harvesters segment is expected to grow at the highest CAGR of 6.9% from 2015 to 2022. The report also analyzes the segments including soil preparation & cultivation equipment, agriculture spraying equipment, irrigation & crop processing equipment, hay & forage equipment, others.
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2015, contributing for nearly two-fifths of the market share, and is expected to continue its lead status by 2026. Moreover, this region is expected to grow at the fastest CAGR of 7.6% from 2016 to 2022. The report also analyzes regions including Europe, Asia-Pacific, and LAMEA.
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Key Segments:
By Type
• Tractors
• Harvesters
• Soil Preparation & Cultivation
• Irrigation &Crop Processing
• Agriculture Spraying Equipment
• Hay &Forage Machines
• Others
By Automation
• Automatic
• Semiautomatic
• Manual
Leading market players analyzed in the research include Deere & Company, AGCO Corporation, Mahindra Group, Concern Tractor Plants, Agrostroj Pelhrimov A.s, China National Machinery Industry Corporation, Escorts Limited, Weifang Euroking Machinery, Valmont Industries Incorporated, and Same Deutz-Fahr Group (SDF). The report also analyzes key strategies adopted by them including mergers & acquisitions, partnerships, collaborations, and others to gain strong position in the market.
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