Powered Agriculture Equipment Market Competitive landscape By 2023 - iCrowdNewswire
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Feb 15, 2018 1:40 PM ET

Powered Agriculture Equipment Market Competitive landscape By 2023

iCrowdNewswire - Feb 15, 2018

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

 

Market Scenario

 

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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Market Highlights

 

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

 

2   INTRODUCTION

 

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

 

Continued…….  

 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

 

MRFR team have the prime objective to provide optimum quality market research and intelligence services to our clients. Our market research studies depending on products, services, technologies, applications, end users, and market players for global, regional, and country level market segments enables our clients to know more consequently do more, which gives them answer for their each and every important  question. In order to stay updated with technology and work process of the industry

 

 

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Keywords: Powered Agriculture Equipment Market, Powered Agriculture Equipment Industry, Powered Agriculture Equipment, Powered Agriculture Equipment Share, Powered Agriculture Equipment Size, Powered Agriculture Equipment Analysis, Powered Agriculture Equipment Seg
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