Agriculture Equipment - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Agriculture Equipment Market is accounted for $129.93 billion in 2019 and is expected to reach $249.55 billion by 2027 growing at a CAGR of 8.5% during the forecast period. Some of the key factors propelling the market growth are increasing adoption of modern farm machinery, growing population, and growing demand for food. However, fluctuation in the prices of raw materials is the restraining factor for the growth of the market.
The equipment used in farming or other agriculture is known as agriculture equipment. This equipment enables easy farming and it makes the process simpler and more profitable by improving crop quality and reducing the labour cost.
By product, the tractors segment is expected to grow at a significant market share during the forecast period as these are essential farm machinery used for a variety of activities. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the availability of large area of agricultural land coupled with the need to produce more food crops to cater the demand of the growing population.
Some of the key players in Agriculture Equipment Market include Kubota Corporation, Deere & Company, Mahindra & Mahindra Ltd, AGCO Corporation, Valmont Industries Inc, International Tractors Limited, Alamo Group Inc, Claas KGaA mbH, Iseki & Co Ltd, and China National Machinery Industry Corporation.
• Automatic Equipment
• < 30 HP
• 31-100 HP
• 101-200 HP
• > 200 HP
• Tractor Pulled / Attachment
• Ploughing & Cultivation Machinery
• Planting & Fertilizing Machinery
• Harvesting Machinery
• Hay & Forage Equipment
• Power Weeder
• Irrigation & Crop Processing
• Laser Land Leveler
Business Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Fishery Industry
• Forestry Industry
• Animal Husbandry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
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