Mahindra & Mahindra Limited, CNH Industrial N.V., J.C. Bamford Excavators Limited, AGCO Corp., Deere & Company, Kubota Corporation, Iseki & Co., Ltd and John Deere among others are some of the leading profiles in the agricultural equipment market.
Agricultural equipments are the machinery used for ease in farming. Agricultural equipments are utilized in several phase of farming such as planting, harvesting, threshing and many other farming processes. Agricultural equipments are the crucial equipments and play a vital role in various functions according to the consumer needs. The advance equipments are replacing the traditional methods owing to highly innovated and advanced products.
The report provides a comprehensive view on the agricultural equipment market. The report explains the detailed value chain analysis for agricultural equipment market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the agricultural equipment market has also been included. The study encompasses a market attractiveness analysis, wherein type and process segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
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Increasing population which has led to the high demand of food and shrinkage of arable land drives the agricultural equipment market owing to high productivity offered as result of use of these equipments. Introduction of new advance equipments for farming has led to high productivity, low efforts and low man power which in turn stimulate the growth of market. However, high cost of these equipments may hamper the growth of agricultural equipment market. Nevertheless, focus on technological advancement from the major players coupled with rising demand from the emerging economies is likely to accelerate the growth of market in the forecast period.
Some of the widely used equipments for farming are power spray, tractor, thrasher, combine harvester, rotavator, zero till seed drill, rice transplanter, power tiller, drip irrigation equipment, multi crop planter, self-propelled vertical conveyer reaper, power weeder, laser land leveler, sprinkler irrigation equipment and power spray. Various equipments are utilized for different agricultural process, which includes sowing & planting, harvesting & threshing, land development, tillage, seed bed preparation, post-harvest & agro processing, weed inter cultivation and plant protection. Tractor is the major equipment segment utilized in Asia Pacific.
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Asia Pacific is considered to be the most prominent market for agricultural equipment market and expected to gain attraction during the forecast period. This mainly contributes to rapidly developing agricultural sector particularly in India and China and shifting of major players in India. North America and Europe are anticipated to experience moderate growth in next few years owing to saturation of the market. Latin America is likely to specter lucrative growth owing to increasing disposable income and high demand for agricultural products. Middle East and Africa is projected to show decent growth in the coming years due to increasing awareness and improving standard of living.
The report segments of the agricultural equipment market into:
Agricultural Equipment Market: Equipment Type Segment Analysis
Agricultural Equipment Market: Process Segment Analysis
Agricultural Equipment Market: Regional Segment Analysis
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