DUBLIN--(BUSINESS WIRE)--The "Agricultural Equipment Market: Global Demand Analysis & Opportunity Outlook 2024" report has been added to ResearchAndMarkets.com's offering.
Agriculture equipment market is poised to grow at a CAGR of 10.25% over the forecast period i.e. 2017-2024.
Some of the noticeable trends that the market would perceive include increasing demand for food owing to rising population, favorable government policies on agricultural machinery and rising adoption of precision farming.
The world population is growing at an alarming rate. The population is expected to be more affluent and urbanized, enjoying better diets and living standards. A rising need for food will spur the demand for agricultural products, which would escalate the demand for agricultural equipment such as tractors. In addition, tractor emerged as a leading product in this market. In many countries, government provide extensive support to farmers in order to purchase agricultural equipment to work more efficiently, which is expected to bolster the growth of the tractor segment in the global agricultural equipment market.
Asia-Pacific region is expected to dominate the market during the forecast period aided by China and India the fastest growing agriculture equipment market. Growing population will increase the demand for food in these countries, which in return will further increase the demand for better harvesting machinery. Europe and North America agriculture equipment market is anticipated to show a moderate growth. With rapid technological development and growing population, agriculture equipment market is expected to increase at a double digit CAGR during the forecast period.
In-depth analysis segmented the agricultural equipment market in the following segments:
By Product Type
- Self-Propelled Vertical Conveyer Reaper
- Zero Till Seed Drill
- Multi Crop Planter
- Power Tiller
- Laser Land Leveler
- Power Weeder
- Drip Irrigation Equipment
- Sprinkler Irrigation Equipment
- Combine Harvester
- Rice Transplanter
- Power Spray
- Land Development, Tillage, Seed Bed Preparation
- Sowing & Planting
- Weed Inter Cultivation
- Plant Protection
- Harvesting & Threshing
Post-Harvest & Agro Processing
The key players for agricultural equipment market are as follows:
- AGCO Corp.
- CNH Industrial N.V
- Iseki & CO. Ltd
- J.C Bamford Excavators limited
- Kubota corporation
- Mahindra and Mahindra limited
- Deere & company
- Same Deutz-Fahr Group S.p.A. (SDF)
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Top Countries with Highest demand for Agricultural Equipment Market- By Region
4. Global Agricultural Equipment Market Size (USD Billion) and Forecast, 2016-2024
5. Market Dynamics & Its Impact Analysis
6. Global Market Segmentation Analysis
7. Competitive Landscape
- Deere & Company
- AGCO Corporation
- CNH Industrial N.V.
- Argo Tractors S.p.A.
- SDF Group
- The Toro Company
- Kubota Corporation
- CLAAS KGaA mbH
- Mahindra & Mahindra Ltd.
- Escorts Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/3hx2z9/global?w=4