Farm Equipment Market are strongly penetrating the Global Market

Farm Equipment Market are strongly penetrating the Global Market .

Persone Email, Sanjay Matthews, Vendors, John Deere
Luoghi Europa, Asia, Giappone, Cina, America del Nord, India, Germania, Stati Uniti d'America, Apac, Wé, Möre, China
Organizzazioni Cutting Edge Technologies, Bucher Industries, AG, AGCO Corporation
Argomenti commercio, economia

05/feb/2016 06:53:15 IndustryARc Contatta l'autore

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Agricultural or Farm Equipment is any type of machinery or tool which is specialized to be used on farms for farming purposes to create an ease by saving time, energy and resources in the agricultural operations and ultimately to yield better quality results in growing crops.

The main purpose of this equipment is to improve and lift the standards of the farmers and enhance their overall output which is a benefit for both, themselves and the nation too.

In the recent decade, the developed nations like the U.S, Germany and Japan not only merely increased their supply and demand for high performance Farm Equipment, but has also been considering the flexibility, security, GPS assistance, comfort, design and smartness of the tools. In contrast, developing nations prefer fuel-efficient and low economical machinery

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Reason for Agriculture equipment market growth:

  • Government insisting on Farm Mechanization of farm sectors (agricultural modernization) in developing countries.
  • Directly proportional to the novel technology in the field of agriculture.
  • A simple reason of helping the farmers in the harvest season by making it easier and profitable for them.

The increasing population has been boosting the demand for food grain which is further leading to the rising per capita calorie intake. This further causes an increasing pressure on the agriculture sector to become more productive and efficient. And at the end of the chain, the result is an increased drive in the demand for Agricultural Equipment Market all across the globe.

The Agriculture equipment market report is segmented based on type, phase and region. On the basis of types of farm equipment the market is segmented into tractor, tillage equipment, planting equipment, plant protection equipment, irrigation equipment, combine harvesters, threshers, hay and forage equipment, crop processing equipment and others. Based on the different phases of farming the report is segmented into land development, sowing and planting, cultivation, harvesting and threshing and post-harvesting. The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented into four regions: North America, Europe, Asia-pacific and Rest of the World. Major markets for farm equipment are analyzed for each region with market share analysis, export/import analysis and other market dynamics.

Agriculture equipment market research showcase major players like AGCO Corporation, John Deere and CNH Global NV along with other key Vendors such as CLAAS KGAA MBH, GROUPE EXEL INDUSTRIES SA, MTD PRODUCTS AG, Alamo Group, Bucher Industries,  Caterpillar Incorporated

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Tractor is the leading farm equipment type in the global agriculture equipment market which held 36% of the market value in 2014. Harvesting machinery segment is forecast to be the fastest growing market. Escalating application of micro irrigation methods across the globe fuels the irrigation equipment market which is estimated to exhibit a healthy growth rate. Increasing adoption of no-till farming in Americas inhibits the market growth for tillage equipment.

This Agriculture equipment market hosts a wide variety of tools and machines each with unique purposes and goals. All of them differ in size, cost, usage, performance etc.

Agriculture equipment market can be broadly segmented into:

  • Tractors: supposedly, the largest and fastest growing market segment.
  • Harvesters,
  • Seeders,
  • Ploughs, Seed driller,
  • Transplanters,
  • Threshers etc.

Asia-Pacific (APAC) is accounted as the largest market for Agricultural Equipment followed by North America and Asia. India & China are the fastest growing countries in Asia because of two main reasons:

  • Support they get from the government in form of subsidies in this market.
  • Fast growing population causes an increased demand for food grain.

In the Global Agriculture Equipment Market, while China holds one-third of the share, India’s demand and smart investment in this field is growing at a very high rate.

Logical Estimates by IndustryARC:

We suppose the net farm market income exceeded US$125 billion at the end of 2013. This was noted to be the highest record in the last 40 years based on constant dollars. With APAC as the fastest and largest growing region, this market is expected to reach $200 billion by the forecast period 2020!

This had been and yet is good news for companies that produce and sell Agricultural Equipment because their revenues hinge tightly on farm incomes.

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