Farm Equipment Market: Demand Analysis and Growth Forecast
As per the World Bank, growth in the agriculture sector is two to four times more effective in raising incomes amongst the poorest compared to the other sectors and to feed a projected 9.7 billion people by 2050. This is leading to rapid development with a lot of companies and governments investing in the Farm Machinery Market. As per the findings of a newly published market research report by IndustryARC titled “Farm Equipment Market: By Type (Tractors, Fertilizing, Plant Protection Equipment, Harvesting Equipment, Irrigation Equipment, Hay and Forage Equipment, Crop processing Equipment, Seeding Equipment, Grain Handling Equipment, Cutters and Shredders, Sprayers ); By Phase (Land Development, Sowing, Planting, Cultivation, Harvesting, Threshing, Others); By Application (Agri Equipment, Construction Equipment, Chemical Applications, Financing Equipment, Material Handling Equipment, Snow Removal Equipment, Property Maintenance Equipment); By Geography – Forecast (2019-2025)”, the global market size was estimated to be $170 to $175 billion as of 2018, with a CAGR of approximately 6%. Equipment such as tractors, plow, and harrow is the few basic tools that are often carried out on fields for cultivating across the globe.
Farm Equipment Market: Leading Segment
APAC is leading the region in the global farm equipment market, at a share of 40% to 45% as of 2018 due to irrigation development in the region. Furthermore, the application CAGR in the farm equipment market will be nearly 10% during the forecast period of 2019-2025 as estimated by IndustryARC’s market analyst. As per India Brand Equity Foundation, in India, the Gross Value Added in the agriculture industry across the country was around INR 20,266 billion in 2017. The tractor market is also among the biggest segments in the category of farm equipment in the country, with annual sales of 600,000-700,000 units. However, there are major initiatives to elevate China’s agriculture industry. Moreover, there are an enormous number of farm equipment manufacturers in China which is aiding to the farm equipment market growth in the region
Farm Equipment Market: Market Trends
Farm Equipment Market: Competitive Landscape
Some of the key companies identified in the report that is currently holding majority global farm equipment market share are AGCO, John Deere, CLAAS, Mahindra and Mahindra, Lindsay Corp, Toro Corp, Jain Irrigation, Bucher Industries, CNH Industrial, Kvernerland Group, SDF Group, and Kubota.
View Full Table of Contents of Farm Equipment Market:
https://industryarc.com/Report/169/Global-Farm-Equipment-Market-Research-Report.html
Related Reports:
A. Precision Farming and Tools Markethttps://industryarc.com/Report/208/Precision-Farming-Market-Research-Analysis-Report.html
B. Vertical Farming Markethttps://industryarc.com/Report/15034/vertical-farming-market.html
What can you expect from the report?
The Farm Equipment Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Farm Equipment Market Size by Product Categories & Application
2. Farm Equipment Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Farm Equipment Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Farm Equipment Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Farm Equipment Market Strategic Analysis
18. Farm Equipment Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Farm Equipment Market Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Farm Equipment market segment?
Answer: Yes, we do have a separate report as mentioned below:
1. India Farm Equipment market 2. South East Asia Farm Equipment market
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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https://industryarc.com/support.php?id=169
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
Media ContactCompany Name: IndustryARCContact Person: Mr. Venkat ReddyEmail: Send EmailPhone: 1-614-588-8538 (Ext: 101)Address:Madhapur City: HyderabadCountry: IndiaWebsite: http://industryarc.com/