Global Powered Agriculture Equipment Industry
The need for powered agriculture equipment is gradually rising due to constraining factors such as rising global population, growing labor shortage and rural wages. Increasing mechanization in agriculture provides a solution for the same and also offers the scope for maximizing production as well as productivity. Rising farm income is the major factor instigating end users to increasingly adopt these equipment. Powered agriculture equipment market has been categorized into key equipment namely: tractors, combine harvesters, sprayers, forage harvesters, and sugarcane harvesters. In this report, the market share and size of these mentioned agriculture equipment have been tracked. Tractor sales for the year 2012 was 1.77 million units, which increased by 15% in 2013. However, the sales volume is predicted to increase and reach 2.286 million units by 2022. Sprayers’ sale was 14,725 units in 2012, and is expected to reach 16,920 units by 2022.
The key market players are AGCO Corporation, Alamo Group, Claas Group, CNH Industrial NV, Deere & Company, Escorts Group, ISEKI & Company Limited, Kubota Corporation, Mahindra & Mahindra (M&M), and Same Deutz-FAHR Group S.P.A. These companies rely on product development, and mergers & acquisitions to expand their market and curb the inflow of new entrants into the market. The expected growth rate between 2016 and 2022 of the market would remain less than 5% because of restraining factors such as high cost of equipment, fluctuating weather conditions, altering government policies, and dynamic economic environment.
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Key Players
The leading market players in powered agriculture equipment market primarily are AGCO Corporation, Alamo Group, Claas Group, CNH Industrial NV, Deere & Company, Escorts Group, ISEKI & Company Limited, Kubota Corporation, Mahindra & Mahindra (M&M)and Same Deutz-FAHR Group S.P.A..
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study targets of Powered Agriculture equipment Forecast to 2022
• To offer driving factors for the powered agriculture equipment market via 2015 to 2022
• To offer the main elements that want to be addressed for wide scale adoption of powered agriculture equipment through the forecast years
• To apprehend the deliver and demand dynamics
• To offer strategic profiling of key gamers within the market, comprehensively studying their middle abilities, and drawing a aggressive landscape for the marketplace
• analysis of historic market trends, and technologies, and modern-day government regulatory necessities
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