Press release
Agriculture Equipment Market Value Chain and Forecast 2015-2025
Agriculture Equipment Market: Drivers & Restraints
Growing population at faster pace is the main driver for agricultural equipment market as it spurs the need of food which aggressively demand for better equipment for agriculture. Though agriculture equipment help in the cultivation but farmers are in having financial issues to replace the old equipment with new machinery, which hindered the growth of the global agriculture equipment market. Asia Pacific is one of the major user of tractor.
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Agriculture Equipment Market: Segmentation
Agriculture Equipment Market: Region – Wise Outlook
Asia – Pacific region is expected to dominate the market during the forecasted period aided by China and India the fastest growing agriculture equipment market. Growing population will increase the demand of food in these countries, which in return increase the demand of better harvesting machinery. Europe and North America agriculture equipment market is expected to show a moderate growth. With rapid technological advancement and growing population agriculture Equipment market is expected to increase at a double CAGR during the forecast period.
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Agriculture Equipment Market: Key Players
Some of the players in the market we identified includes, CNH Industrial NV, AGCO Corp, J.C. Bamford Excavators Limited, Iseki & Co. Ltd, Mahindra & Mahindra Limited, Deere & Company and Kubota Corporation.
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