Magnet Bearings Market Competitive landscape By 2023

Magnet Bearings Market 2018

Magnet Bearings Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Magnet Bearings Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Global Magnet Bearings Market Information Type (Active Magnet Bearing, Passive Magnet Bearing, and Hybrid Magnet Bearing), Application (Compressor, Turbine, Pumps, Motors, Generators, and Others), End-User (Oil & Gas, Petrochemicals, Power, Others), Speed, And Region - Forecast To 2023

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Market Highlights

The magnet bearing is highly application driven. The global magnet bearings market has been segmented by application as: compressor, turbine, pumps, motors, generators, and others. Magnet Bearings are used in compressors and allow the compressor to operate without the use of oil for lubrication. This, in turn reduces energy losses due to friction and increases the heat transfer efficiency of the chiller, as no oil enters the condenser. The segment is expected to grow at 4.19% CAGR during the forecast period. However the largest application would be turbines. Today, magnetic bearing technology is used in turbines. It has become viable because of advances in micro-processing controllers that enable robust active control. Further developments in the areas of rotor and stator and materials have been made so that it minimizes energy losses, and minimize stress limitations. This has fueled the demand for such bearings in the turbine application.

Pumps are also an important applications. Magnetic bearings are highly attractive to high-speed machines such as pumps. Such bearings are ideal for clean environments, wherein most magnetic bearings are used. Magnet bearing provide stiffness and damping. However, unlike other bearings, the performance can be optimized by changing control parameters. Advanced control mechanism minimizes machine vibration even under high imbalance.

Segmentation:

By Type: Active Magnet bearing, Passive Magnet Bearing, Hybrid Magnet Bearing

By Application: CompressorTurbine, Pumps, Motors, Generators, Others

By End-user: Oil & Gas,Petrochemicals, Power, Others

By Speed: Upto 50,000 rpm, 50,000 to 100,000 rpm, Above 100,000 rpm

By Region: Americas, Europe, Asia Pacific, Middle East & Africa

Key Players

The key players in magnet bearings market are Calnetix Technologies, Siemens AG, Waukesha Bearings Corporation, Mecos AG, Foshan Genesis, Synchrony, SKF AB, and Celeroton AG.

Regional Analysis:

On the basis of region, the market is segmented based on Americas, Asia Pacific, Europe, and Rest of the Middle East, and Africa. Asia Pacific region has dominated the magnet bearings market as the region offers plenty of investment opportunities, and lucrative opportunities for the foreign players to step in. China accounted for the largest share in the Asia Pacific market due to its increased focus on energy sector, which is one of the crucial application area of magnet bearing. According to IEA, China remained the most popular destination of energy investment, accounting 21% of the global. In 2016, China saw a 25% decline in commissioning of new coal-fired power plants. Energy investment in China is driven by low-carbon electricity supply and networks, and energy efficiency.

India is another major market of magnet bearing. It is governed by the increasing population along with an increase in industrialization and rising urbanization. The Indian soil has been luring various foreign and domestic players and attracting investment in the construction sector. There has been an increase in the global foreign direct investment (FDI) inflows. According to United States Economic and Social Commission for Asia and Pacific (UNESCAP), FDI was valued at USD 1.76 trillion in 2015. This along with FDI in retail has pushed the number of construction projects in the region, inducing demand for magnetic bearing used in the cooling systems in construction industry.

Scope of the Report

This study provides an overview of the global magnet bearings market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific (APAC) and Middle East & Africa. 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 Magnet bearings market by its type, application, end-user, speed, and region

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Actuators Market Global Research Report 2018 Analysis & Forecast to 2025

Actuators Market 2018

Actuators Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2025. Actuators Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global key players forecast to 2025

Global Actuators Market by Type (Pneumatic Actuators, Hydraulic Actuators, Electric Actuators and Mechanical Actuators), By End-User (Automotive, Oil & Gas, Aerospace & Defence, Pharmaceutical, Power, Food & Beverages, Chemicals, Water & Wastewater and Mining & Metals) by Region (Americas, Europe, Asia Pacific and Middle East & Africa) - Global Forecast to 2025.

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Market Scenario

An actuator is a device which converts energy into variable motions it is basically implies a force on an entity to perform various mechanical operations. It is basically a mechanical equipment that intakes energy, created by compressed air, liquid or electricity and converts it into linear and rotary motion. Actuators usually are used in industrial or manufacturing applications and are used in devices such as pumps, valves and motors.

The actuators market is majorly driven by the factors such as a rise in the number of aircraft carriers, continuous growth in the global automotive industry, and the technological advancements in actuators is propelling the market growth. Also, the growing industrial base in Asia Pacific region has a positive influence on the growth of the market. The actuators market may witness hinderances in growth due to costing of the actuators. Also power consumption, noise, and leaks are the major challenges faced by the actuators in the current market.   

Key Players

Cameron, a Schlumberger company (U.S.), Eaton Corporation plc (Ireland), The Emerson Electric Company (U.S.), Festo AG & Co. KG (Germany), Flowserve Corporation (U.S.), Honeywell International Inc. (U.S.), KITZ Corporation (Japan), Rotork plc. (Japan), SAMSON AG (Germany), and SMC Corporation (Japan).

Global Actuators Market is expected to grow with the CAGR of approximately 5.23% during the forecast period.

Global Actuators Market is segmented, by type as Pneumatic actuators, Hydraulic actuator, Electric actuator and Mechanical actuators. Electric actuator type segment accounted for the largest market share of about 32.2% in 2016, with a market value of more than USD 4,300 million in 2016 and is projected to grow at the highest CAGR during the forecast period. Electric actuators benefit from cleaner, simpler, and more energy-efficient power transmission. Its integration is easier with programmable controls, and maintenance is minimized with no parts replacement or lubrication needed except in extreme conditions. Based on end-user, the market is segmented as Automotive, Oil & Gas, Chemicals, Aerospace & Defense, Pharmaceutical, Power, Food & Beverages, Water & Wastewater, and Mining & Metals. Automotive accounted for the largest market share of about 18.13%, in 2016, with a market value of more than USD 2,450 million; projected to grow at the highest CAGR of 6.11% during the forecast period. The increase in demand from the upper middle class for automotive vehicles is driving the actuators market in the Asia-Pacific region. The growing automotive vehicles market has increased the demand for actuators as the latter is an essential component used in vehicles.

Scope of the Report

This study provides an overview of the global actuators market, tracking two market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for Americas, Europe, Asia Pacific and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global actuators market by type, by end-users, and by regions.

Global Actuators Market, By Type

• Pneumatic Actuators
• Hydraulic Actuators
• Electric Actuators
• Mechanical Actuators

Global Actuators Market, By End-User

• Automotive
• Oil & Gas
• Aerospace & Defence
• Pharmaceutical
• Power
• Food & Beverages
• Chemicals
• Water & Wastewater
• Mining & Metals

Global Actuators Market, By Region

• Americas
• Europe
• Asia Pacific
• Middle East & Africa

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UTV Market 2018 Global Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2023

Utility Terrain Vehicle (UTV) Market 2018

Utility Terrain Vehicle (UTV) Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Utility Terrain Vehicle (UTV) Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Global Utility Terrain Vehicle (UTV) Market Research Report: Information by Product Type (Displacement (CC): ≤ 400CC, Displacement (CC): 400-800 CC and Displacement (CC): ≥ 800 CC), Application (Work UTV, Sport UTV, Others) and Region - Forecast till 2023

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Market Synopsis

A utility terrain vehicle (UTV) refers to a vehicle that is designed specifically for efficiently performing tasks as compared to the general-purpose vehicle. These vehicles are also known as four-wheel drive off-road vehicles and side-by-side vehicles. They have a capacity of two to six persons.  

The Prominent Players in The Utility Terrain Vehicle Market Include:

Polaris Industries, Inc. (U.S.), Kawasaki Heavy Industries Ltd. (Japan), John Deere (U.S.), Yamaha Motor Company Limited (Japan), and Kubota Corporation (Japan). Hisun Motors Corp (U.S.), Arctic Cat (U.S.), Honda Motor Company, Ltd. (Japan), BRP (Canada) and Kwang Yang Motor Co, Ltd (Taiwan) are among others.    

            

Segmentation:

Utility terrain vehicles are majorly driven by their capabilities of working as off-road vehicles and carrying equipment. Functioning off-road needs the unit to operate around obstacles and over rough terrains. Carrying equipment needs the strength to haul a load and the ability to stay above softer ground. These vehicles are majorly equipped with roll-over protection system. Increasing consumer preference toward offload recreational activities is leading to an increase in adoption of the utility terrain vehicles market. Utility terrain vehicles are majorly used for the recreational purposes. These are also being used in various sectors such as military and defense, forestry, and agriculture.

However, the growth of this market is hampered by adverse effects caused during a rollover crash such as inadequate lateral stability, inadequate occupant protection and undesirable steering characteristics. Therefore, utility terrain vehicle market has seen remarkable growth in the global market and it has been observed that, it is expected to expand with the CAGR of ~6%.

Regional Analysis:

Geographically, the global utility terrain vehicle market has been divided into four major regions such as North America, Europe, Asia Pacific, and Rest of the World. North America region is expected to dominate the global production and sales of all types of utility terrain vehicle. Countries such as U.S. and Canada have a vast range of utility terrain vehicle manufacturers who are efficient in manufacturing highly efficient utility terrain vehicle with advanced features. Utility terrain vehicle manufacturers develop different vehicles, which can be used in different scenarios and landscapes. The biggest attraction with respect to utility terrain vehicle in U.S. is the annual motorsport competition, which involves different formats such as mountain terrain and rocky terrain. Thus, such competitions also cause significant growth in the tourism industry, thereby driving the growth of the market.

The report for Global Utility Terrain Vehicle market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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Diesel Particulate Filter Market 2018 Global Trends, Emerging Technologies, Competitive Landscape, Size, Industry Growth and Segments by Forecast to 2023

Diesel Particulate Filter Market 2018

Diesel Particulate Filter Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Diesel Particulate Filter Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market key players forecast to 2023

Global Diesel Particulate Filter Market Report: Information by vehicle Type (PV, LCV, HCV, Off-Highway Vehicle), Material Type (Cordierite, Silicon Carbide, Ceramic Fibre, Others), Product Type (Regenerating, Disposable), Sales Channel — Forecast Till 2023

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Market Scenario:

Diesel particulate filter is primarily used to remove diesel particulate matter from the exhaust gas of diesel engines to reduce emissions from diesel cars. Diesel particulate filter is the effective technology used for the control of diesel particulate emissions-including particle mass and numbers-with high efficiencies. Diesel particulate filters are also operative in controlling the solid fraction of diesel particulates, including elemental carbon (soot) and the related black smoke emission.

Global diesel particulate filter market is expected to grow at CAGR of ~8%. Rising environmental and health concerns have compelled governments to impose stringent emission regulations all over the globe to reduce carbon and other particulate discharge from automobiles exhaust. Diesel engines provide better fuel economy than gasoline engine. This benefit drives the production and sales of diesel vehicles all over the globe. Growth in population, urbanization, and increase in purchase power parity have led to a rapid increase in production of automobiles in untapped or developing regions have also expected to fuel the growth of global diesel particulate filter market. There is a continuous increase in investment into the development of the technology to reduce emissions, by manufacturers, which would help them develop better designs of the diesel particulate filter.  There is preference for electric vehicles over conventional fuel-based vehicles in developed economies because of rise in awareness about the green technology and incentives and subsidies by governments to promote the use of electric vehicles. Such government initiatives are expected to hinder the market growth during the forecast period.

The Prominent Players in The Global Diesel Particulate Filter Market Include:

Delphi (US), Tenneco Inc. (US), Faurecia (France), Johnson Matthey (UK), and Bosal International (Belgium). MANN+HUMMEL (Germany), NGK Insulators, LTD. (Japan), Denso (Japan), Donaldson Company Inc. (US), BASF (Germany), and Continental AG (Germany), are among others.

Segmentation: Global Diesel Particulate Filter Market

Global diesel particulate filter market is segmented on the basis of vehicle type, product type, material type, sales channel, and region. On the basis of vehicle type, the market has been segmented into passenger vehicle, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and off-highway vehicle. On the basis of product type, the market has been segmented into regenerating type filters, disposable type filters. On the basis of material type, the market has been segmented into cordierite wall flow filters, silicon carbide wall flow filters, ceramic fibre filters, others. On the basis of sales channel, the market has been segmented into original equipment manufacturer (OEM) and aftersales markets.

Regional Analysis:

Geographically, the global diesel particulate filter market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. Europe is estimated to hold the highest revenue market share throughout the forecast period, owing to the strict emission standards to curb automotive air pollution, which has promoted the use of diesel particulate filter and high diesel vehicle penetration in developed countries in Europe. Furthermore, protection agencies such as International Council on Clean Transportation (ICCT), Scottish Environment Protection Agency (SEPA), UK’s Department for Environment, and Food and Rural Affairs (DEFRA) demand new and advanced technology in the diesel particulate filters. This is done to reduce the release of particulates in the atmosphere and would increase the market growth in Europe.

The report for Global Diesel Particulate Filter Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Get Complete Report Details of Diesel Particulate Filter Market@ https://www.marketresearchfuture.com/reports/diesel-particulate-filter-market-6274  

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Hybrid Vehicle Market Global Sales, Revenue, Price and Gross Margin Forecast To 2023

Hybrid Vehicle Market 2018

Hybrid Vehicle Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Hybrid Vehicle Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Hybrid Vehicle Market Report: Information by Electric Powertrain (Parallel, Series), by Propulsion (HEV, PHEV, NGV), by Component Type (Electric Motor, Transmission, Battery), by Degree of Hybridization, by Vehicle Type & by Region - Forecast till 2023

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Market Scenario:

The hybrid vehicle primarily uses two or more different power sources, namely the internal combustion engine and the electric generator, which help operate the electric motor. Types of the fossil fuel such as petrol or diesel are used to drive the petrol engine or the diesel engine, which in turn drives the electric trains connected to the electric generator. The electric generator ultimately powers the electric motor. The primary principle that drives the hybrid vehicles is that different sources of powering the engine work efficiently corresponding to different speeds. After this, the switching from one fuel to the other at the right time results in maximum efficiency yielded by the automobile engine. This ultimately leads to the overall fuel efficiency thus, saving on the fuel cost required for operating the automobile.

Several factors aid in the growth of the global hybrid vehicle market. Firstly, the rise in fossil fuel costs has led to customers demanding hybrid vehicles to bring down the automobile operating cost. Secondly, the governments of leading countries are trying to reduce the carbon footprint by switching to alternative automobile fuels and the hybrid vehicle option, which would lead to reduced pollution. Thirdly, the scarcity of the fossil fuels due to excessive consumption has encouraged automakers to search for newer and cost-efficient automotive technologies including the hybrid vehicles for safeguarding the future automobile sales. Lastly, greater efficiency in terms of engine performance and fuel consumption can be achieved using the hybrid vehicles. The global hybrid vehicle market is expected to expand with a CAGR of approx. 9% (2017 to 2023).

Hybrid Vehicle Market by Segmentation:

On the basis of propulsion type, the plug-in hybrid electric vehicles are growing in popularity. Besides the generator, and engine mechanism, which generates electric power to charge the battery, these vehicles consist of a battery that can be recharged by plugging into an external power source. The hybrid electric vehicles use a battery source that can only be charged by the engine generator mechanism apart from completely replacing the battery as a brand new unit. The natural gas vehicle makes use of the compressed natural gas, which helps in powering the engine that drives the generator, which in turn drives the electric motor causing the motion of the vehicle.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to lead the market demand in the hybrid vehicles. The large population in this region coupled with a rising middle class causes the automotive sales in this region to rise, continuously. The underperforming and overburdened public transport system in countries such as India and China result in continual increase in the use of private automobiles. To tackle the increased fuel costs, the customers in this region are preferring the hybrid vehicles. The stringent emission norms laid down by the European Union and the United States Environmental Protection Agency have resulted in higher preference of hybrid vehicles. All these factors, cumulatively make the hybrid vehicle a continually growing market at the global level.

The Key Players in Hybrid Vehicle Market Are:

Toyota Motor Corporation (Japan), The Ford Motor Company (U.S.), AB Volvo (Sweden), Continental AG (Germany) and ZF Friedrichshafen AG (Germany). Daimler AG (Germany), Hyundai Motor Company (South Korea), Honda Motor Company, Ltd. (Japan), Schaeffler Technologies AG & Co. KG (Germany), BorgWarner Inc. (U.S.), Delphi Technologies, Inc. (U.K.) and Allison Transmission (U.S.) are amongst the other important players in this market.

The report for Global Hybrid Vehicle Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

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Auto Relay Market Global Research Report 2018 Analysis & Forecast to 2023

Automotive Relay Market 2018

Automotive Relay Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Relay Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Automotive Relay Market Information Report by Type (PCB, Plug-In, High Volt, Protective, Time Relay), Load Type (Small Load, Medium Load, and Heavy Load), Electric Vehicle Type (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Battery Electric Vehicle), and region.

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Market Highlights:

The automotive relay is the system that uses an electromagnet to mechanically operate the switch for the power supply to flow through the circuits in the vehicle. They are located across the electrically system in the vehicle for controlling the supply of the power. They are electrical remote control switches that are controlled by another switch to control the supply of higher power in the system. The automotive relay must include high performance and long lasting components to provide better efficiency. There are several factors that need to be considered while selecting automotive relay, which takes into account the kind of component required, hi amp switching, and others. Different types of automotive relay are being installed in the vehicles such as PCB, Plug-In, High Volt, Protective, and Time relay. PCB relay are most widely used due to its improved efficiency and better power handling capability. The automotive relay is being used since the development of electronic controls in the vehicles. The electronic control in the automotive includes various technologies and systems such as advance driver assistance system, and electric steering system, which use the relay to control the power from one circuit to another. Due to the increased use of automotive relay the market is expected to grow in future.

The Key Players in Automotive Relay Market Are:

TE Connectivity Corporation (Switzerland), Omron Corporation (Japan), Panasonic Corporation (Japan), Fujitsu (Japan), and Hella KGaA Hueck & Co. (Germany), Denso Corporation (Japan), American Zettler (U.S.), ABB Group (Switzerland), Eaton Corporation plc (Republic of Ireland), Sharp Corporation (Japan), NEC Corporation (Japan), Nippon-Aleph (Japan), Daesung Electric (India), Mouser Electronics, Inc.(U.S.).

Segmentation:

By Type: PCB, Plug-In, High Volt, Protective, Time Relay

By Load Type: Small Load, Medium Load, Heavy Load

By Electric Vehicle Type: Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle

By Region: North America, Europe, Asia Pacific, Rest of the World

Regional Analysis:

On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of electric vehicles in countries such as India, China, and Japan. The major growth in Asia Pacific is due to the increase in the use of automotive relay because of its ability to provide safety related benefits in the electronic system. North America is expected to account for the second largest market in automotive relay market during the forecast period due to increased use of electronics components in vehicles. The region is expected to grow at a steady state during the forecast period. The advancement in technology, has led to an increase in demand for the electronic in automotive. The other factors that are responsible for the growth of this market are increase in purchasing power of the customer and change in the lifestyle. The increase in the purchasing power will lead to growth in the sale of vehicles with latest technology, which will drive the automotive relay market in future. Europe is expected to be the third largest market in the automotive relay market and is expected to grow during the forecast period. In Europe, Germany is expected to dominate the market due to highest production of passenger and commercial vehicles. The increase in the production of vehicles in Germany, will result in the growing use of automotive relay in the electrical system. This will result in the growth of the market during the forecast period.

Scope of the Report:

This study provides an overview of the global automotive relay market, tracking three market segments across four geographic regions. The report studies 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 automotive relays market by its type, load type, electric vehicle

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Agriculture Equipment Market Global Sales, Revenue, Price and Gross Margin Forecast To 2022

Agriculture Equipment Market 2018

Agriculture Equipment Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Agriculture Equipment Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players 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

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Market Overview:

The global agriculture equipment market is predicted to grow remarkably during the forecast period (2017-2022), reports Market Research Future (MRFR). Various types of agricultural equipment such as tractor, harvester, land leveler, and others are used for agrarian practices such as planting, harvesting, irrigation, and others. These equipment facilitate the production and processing of crops and agricultural livestock. MRFR observes that the market for agricultural equipment is deemed to expand by leaps and bounds due to use of tools and machinery for agricultural activities.

Increasing adoption of latest technology in agricultural equipment and the steady increase in demand for food due to the growing global population are factors likely to spur market growth. The extensive research and development activities by market players for introduction of new and advanced technology can further the growth of the market. In addition, the introduction of government initiatives for increasing the production and making the cultivation process faster is also leading to increasing in adoption of latest tools by farmers. Apart from this, farm machinery manufacturers are focusing on integrating technologies such as Google Earth and robotic systems into the current equipment for enhanced productivity. Another key driver of the market are subsidies offered to farmers in emerging countries to adopt latest agricultural equipment and machinery.

However, fluctuations in the prices of raw materials make it difficult for manufacturers to deliver quality goods at reasonable prices, which can pose a challenge to the growth of agricultural machinery market. Despite the challenge, the market will expand at a substantial rate during the forecast period due to favorable government policies permitting the influx of foreign cash flow or foreign direct investment (FDI) in the agriculture sector in the developing countries.

Some of the popular trends in agricultural equipment market are increased use of drones, and specialized and autonomous robots. Cutting-edge technologies such as these can continue to develop further, providing an impetus to market growth.

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.

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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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