Agriculture Cultivation Equipment Market Forecasted to Value Over USD 136 Billion by 2026 End

  • 27 Jun 2019

Agriculture Cultivation Equipment Market forecasted to value over USD 136 billion by 2026 end and grow at a CAGR of over 5% during the forecast period of 2019 to 2026. 

Agriculture equipment aides in agriculture activities. It consists of equipment like tractors, harvester, plough and many more. Farm equipment’s primary function is to save time of the farmer and offer diverse farming functions. This equipment help in harvesting, irrigation system, livestock farming and pesticides. Farm equipment improves the maintenance of soil and enhances yield. 

High dependence on agriculture has been the main driver of the market. Every increasing demand for food due to the growing population has also escalated the growth of the market. Rapid technological advancements in the agriculture sector have had a positive influence on the market. Enhanced technological changes of equipment alongside limited land holding instrument and low manufacturing cost is fueling the growth of the market. Rising demand for the cultivation of crops and grains is boosting the growth of the market.  Favourable Government policies have enhanced farm production and having a positive impact on the growth of the market. 
Asia and Pacific are witnessed to deliver a high growth rate in the coming years. Mechanization of the farming method is rising quickly in countries like Japan, South Korea, India and China. The Indian government schemes aimed at the welfare of the farmer is creating a big positive impact on the market.
Prominent players of the market involve Escorts Group, JCB limited, CNH Industrial N.V., Yanmar Company Limited, Netafim Limited and Deere and Company.  

Agriculture Cultivation Equipment Market Segmentation: 

By Product Type: 

By Blade Type:

  • Fixed Blades
  • Rotary Blades

By Sales Channel:

  • Direct Sales
  • Aftermarket

By Region:  
•    Europe  
•    North America  
•    APAC  
•    Latin America 
•    Rest of the World

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

 

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends 
•    Key data points affecting market growth 

Objectives of the Study: 

•    To provide with an exhaustive analysis on agriculture cultivation equipment market is segmented on the basis of product type, blade type, sales channel, and region 
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and the overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies  

 

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