Powered Agriculture Equipment Market 2018
Global Powered Agriculture Equipment Market Information Report by Product Type (Tractors, Combine/Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill, Others), and by Region – Global Forecast To 2023
Agricultural equipment and tools play a vital role in various functions according to consumer needs. Powered agriculture equipment replace traditional methods due to highly innovated and advanced products.
Based on product type, powered agriculture equipment market has been divided as tractors, combine/combine harvester, sprayer, soil preparation & cultivation equipment, seed drill and others. Tractors segment accounted for the largest market share of 52.4% in 2016, with a market value of USD 36.37 billion. Tractors are essential in the agriculture industry and they are the highest volume segment in the market. The high sales of tractors can be attributed to their multifunction. This is because they are usable as agricultural equipment in monsoons and for other transport and commercial purposes. India is the leading tractor market, globally, followed by China and USA.
The key players of global powered agriculture equipment market are AGCO Corporation (U.S.), John Deere & Co. (U.S.), Mahindra & Mahindra Ltd (India), CNH Industrial (U.K), Kubota Corporation (Japan), CLAAS Group (Germany), Alamo Group Inc. (U.S.), Escorts Group (India), Iseki & Co. Ltd (Japan), SDF S.P.A. (Italy), and other.
Hence, global powered agriculture equipment market is expected to reach a market size of USD 99.89 billion by the end of the forecast period at CAGR of 5.43%.
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Agricultural equipment and tools play a vital role in various functions according to consumer needs. The powered agriculture equipment replace traditional methods due to highly innovated and advanced products. The population in a number of countries is growing with time, which has led to an increase in the overall demand for food. To increase the supply of the food and productivity, the agricultural processes need to be faster. This is possible with the utilization of the agricultural equipment and mechanization techniques on the farm. This increases the demand for the powered agricultural equipment. The governments of various countries provide schemes and subsidies for agriculture equipment. One such country is India. The country has schemes & subsidies such as Post Harvest Technology and Management scheme, Rashtriya Krishi Vikas Yojana (RKVY), and National Mission on Agricultural Mechanization (NMAM) to promote mechanization in agriculture activities. This is also one of the positive influences on the growth of the market.
Scope of the Report
This study provides an overview of the global powered agriculture equipment market, tracking two market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Latin America Europe, Asia Pacific (APAC) and Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Powered Agriculture Equipment market by its voltage type, end-use and region.
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Table of Contents
1 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE
7 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, BY REGION
8 COMPETITIVE SCENARIO
9 COMPANY PROFILE
10 LIST OF TABLES
11 LIST OF FIGURES
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