Agriculture Equipment Market 2018-2022 | Unparalleled Surge in Industry - Forecast & Analysis By MRFR

Market Research Future published a research report on “Global Agriculture Equipment Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Global Agriculture Equipment Market Information Report By Product Type (Tractors, Harvesters, Cultivation & Soil Separation Equipment And Others), By Function (Harvesting, Planting & Fertilizing, Haying, Plowing & Cultivation And Others) And By Region - Global Forecast To 2022

AGCO Corp. (U.S.), JC Bamford Excavators Limited (U.K.), Deere & Company (U.S.), CNH Industrial N.V. (U.K.), Kubota Corporation (Japan), Iseki & Co., Ltd. (Japan), Daedong Industrial Co., Ltd. (U.S.), Mahindra & Mahindra Limited (India), Escorts Limited (India) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Agriculture Equipment Market.

Market Highlights

Agriculture equipment is the machinery used by farmers at various stages of agriculture such as planting, harvesting and agro processing. Traditional tools are now replaced by the agricultural equipment, such as crop processing equipment, drip irrigation equipment and others. The major driver for the growth of agriculture equipment market is the emergence of the concept of contract farming and increase in agricultural production targets. The rapid increase in population is generating the demand for food and thereby seeking even better agricultural equipment. Though farmers benefit from the use of agricultural equipment, the huge cost involved in the acquisition of such agriculture equipment is restraining the growth of this market.

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Industry News

In June 2017, Alamo Group Inc. completed acquisition of Santa Izabel Agro Industria Ltda which manufactures and markets a variety of agricultural implements and trailers sold throughout Brazil.

AGCO Corporation introduces the industry’s first Class 8 large square baler at AgriTechnica in Germany. This new baler is designed specifically for producing heavy, dense bales from light-weight, dry, slick grass and crop residue that can be hard to bale. Additionally, the company is also focusing on partnerships & collaborations to expand their tube business.

Mahindra & Mahindra Limited, enters into the global combine harvester business, by entering into a strategic partnership with Sampo Rosenlew, a combine harvester company based in Pori, Finland. This helps the company, build a full product line of farm equipment that goes beyond tractors and competes, globally in both advanced and developing markets.

Escorts Group launch the new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 & 90 HP category, simultaneously, in Italy and Mexico. The company believes these tractors are positioned to fill the often perceived market gap in the category and to strengthen their global networks so as to effectively cater to farmer demands in newer geographies.

Agriculture Equipment Market - Segmentation

Global Agriculture Equipment Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.

On the basis of product type, the market has been segmented as Tractors, Harvesters, Cultivation & Soil Separation Equipment and Others. Tractor dominates the product type segment of the market. The tractors are the integral part of the agriculture industry with the highest volume segment in the market of all segments. The high sales of tractors can be attributed to their multipurpose feature, as they are used as agricultural equipment in monsoons and other transport and commercial purposes.

Based on function, the market has been segmented into Harvesting, Planting & Fertilizing, Haying, Plowing & Cultivation and Others.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Global Agriculture Equipment Market - Regional Analysis

Asia Pacific region dominates the global Agriculture Equipment market. The region comprises more than 60% of the world’s population and is predicted to increase in the future, due to which the country is facing issues of food shortage. This generated the need of increasing the food production. Use of agricultural equipment and machinery has proven to be an effective way to increase food productivity. Additionally, countries such as India, China, and Indonesia, majorly promote agricultural production in the Asia Pacific region.
North America is the second largest market for the Agriculture Equipment. US accounts for the largest share in the North America market as it is the chief producer of major crops such as wheat, soybean and corn. There are presently more than 2.2 million farms in the U.S., covering an area of 922 million acres. Though more than 91% farms in the U.S. are small, rest 9% are large farms and generate 51% of the agricultural revenues.

Scope of the Report

This study provides an overview of the Global Agriculture Equipment Market, tracking two market segments across four geographic regions. The report has studies of the key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Agriculture Equipment Market by its product type, function and region.

By Product type
• Tractors
• Harvesters
• Drip irrigation equipment
• Cultivation & soil separation equipment
• Spray
• Land leveler
• Others

By Function
• Harvesting
• Planting & fertilizing
• Haying
• Plowing & cultivation

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

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