Agriculture Equipment Market 2018
Agriculture Equipment Market 2018, is latest research report by MarketResearchFuture, the global Agriculture Equipment market is expected to Register High Growth Rate during 2018 To 2023. Report analyzes Agriculture Equipment Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2023. Agriculture Equipment Market Information is segmented 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
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
Key Players
The key players of Agriculture Equipment market are 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.
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Market Segmentation:
The Agriculture Equipment market is segmented on the basis of product type and function.
The product types are tractors, harvesters, cultivation & soil separation equipment, and others. The agricultural tractors segment has shown significant growth due to growth in demand for food produce. The shortage of labor and expanded government subsidies towards mechanization are also driving the tractors market growth.
Based on functions, the market is segmented on the basis of harvesting, planting & fertilizing, haying, plowing & cultivation and others. Harvesting machinery reduces dependence on labor, helps meet the growing demands of urban dwellers and help break up the soil efficiently. These factors accelerate the need for agricultural equipment for harvesting by farmers.
Regional Analysis:
By regions, the global agricultural equipment market spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
MRFR analyzes that the Asia Pacific region will lead the Agriculture Equipment market by 2022 due to growing demand for food in developing countries, namely China and India. This can lead to a spike in demand for agricultural machinery. There will be an inevitable need for agricultural equipment in the region due to these factors. Continuous adoption of technologically advanced devices due to supportive initiatives by various governments coupled with farmer awareness programs can drive the APAC Agriculture Equipment market. Emergence of vast number of startups has been noted in India can bode well for the market. For instance, Agribolo, founded in in Rajasthan, is a farming services platform with services such as information dissemination, quality input procurement, market linkages, irrigation facilities, and farming equipment.
With rapid technological development coupled with growing population, the North America agricultural equipment market is set to grow steadily during the forecast period. Moreover, there has been increase in use of advanced agricultural equipment for more effective, reliable and time-saving production in countries such as the United States (U.S.) and Canada.
Rapid introduction of advanced agricultural equipment in Europe can bolster the market growth in this region. Introduction of advanced equipment such as multi-purpose tractors will fuel the demand for agricultural equipment in Europe, thus positively impacting the market growth. For instance, in June 2018, SIWI Agriculture Ltd. Europe has developed an automated hitch system to boost agricultural productivity and promote safety on farms. This system enables the tractor driver to remain in his seating position on the tractor, instead of manually coupling and uncoupling between the implement, carriage, and the tractor.
Table of Contents
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Agriculture Equipment Market, By Product Types
5 Global Agriculture Equipment Market, By Functions
6 Regional Market Analysis
7 Competitive Analysis
Continued…….
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