Press release
Agriculture Equipment Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031
Agriculture Equipment Market 2022
India is the most lucrative market for agriculture equipment in South Asia. The tractor segment is considered to dominate the South Asia market for agriculture equipment. The South Asia agriculture equipment market is projected to expand at an impressive CAGR of around 9% over the forecast period of 2021-2031. Demand for tractors and lawn mowers is expected to rise faster than other equipment types over the coming years.
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Agricultural equipment helps in improving harvest quality within reduced period of time, and provides ease of operation in various activities such as irrigation, harvesting, planting, soil cultivation, and others. Shift of manual agriculture to mechanization has reduced lead times for agricultural produce/gardening and landscaping, which is expected to result in a positive outlook for the agricultural equipment market in South Asia. Furthermore, government investment schemes, rising awareness among farmers, and growing population demanding increased agricultural produce are factors lending impetus to market growth.
Key Companies-
• Lemken
• Mitsubishi Mahindra Agricultural Machinery
• Tractors and Farm Equipment Ltd.
• Yanmar Holdings
• Vermeer Corporation
• SDF Group
• AGCO Corporation
• Bucher Industries AG
• Honda India Power Products Ltd
• CLAAS kGaAmbH
• CNH Industrial N.V.
• ISEKI & Co., Ltd
• Deere & Company
• Robert Bosch Power Tools GmbH
• Makita Corporation
• Andreas Stihl AG & Co.
• Mahindra & Mahindra Ltd.
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Market Segmentation by Category
Product
• Tractors
• Tillers
• Water Pumps
• Chain Saws
• Brush Cutters
• Blowers
• Ride-on Mowers
• Lawn Mowers
Application
• Agriculture Equipment for Agriculture
• Agriculture Equipment for Horticulture
• Agriculture Equipment for Forests
• Agriculture Equipment for Lawns
Country
• India
• Nepal
• Sri Lanka
• Bangladesh
• ASEAN
o Indonesia
o Thailand
o Malaysia
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