Agriculture Equipment Market Size (By Product Type - Tractors, Harvesters, Soil Preparation & Cultivation Equipment, Agriculture Spraying Equipment, Irrigation & Crop Processing Equipment, Hay & Forage Equipment; By Application - Land development & seed bed preparation, Plant protection, Sowing & planting, Weed cultivation) - Global Industry Size, Share, Trends, and Forecast, 2018 - 2026

Category : Agriculture | Delivery Format : PDF | Status: Published | Report ID : ARC749

Introduction

Agriculture equipment comprises a wide array of machinery and tools used in various processes of farming to improve output, increase the efficiency and enhance the overall crop quality. A number of equipment is hand tools; however, they also include the power tools to tractors and the countless kinds of farm implements. During last few years, advancement in technology and increasing spending power of the people has increased the demand for the various advanced machinery. Traditional tools are now being replaced with various new agricultural equipment, mainly includes drip irrigation equipment and crop processing equipment.

Market Dynamics

The global agriculture equipment market is majorly driven by increasing attention towards agricultural activities, increasing spending power of the people and various benefits offered by these equipment’s. During last few years, there is a significant increase in the demand for the various agricultural products. Developing regions like Asia Pacific where agriculture is the primary business is expected to have a huge potential for the market in near future. A number of players across the globe are continuously trying to introduce new and advanced equipment’s. Additionally, government support and rapidly advancement in the technology have fueled the growth of the market.

However, high cost of the advanced equipment’s as well as high maintenance cost are the hindering the growth of the market.

Market Classification and Overview

The global agriculture equipment market is segmented into product types and application.

On the basis of product types, the market is segmented into tractors, harvesters, soil preparation & cultivation equipment, agriculture spraying equipment, irrigation & crop processing equipment, hay & forage equipment, and others. Soil preparation & cultivation equipment are further segmented into row crop planters, grain drills, air seeders, and others.

On the basis of application, the markets is segmented into land development & seed bed preparation, plant protection, sowing & planting, weed cultivation and others.

Regional Overview

Geographically, the market is segmented into four major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA).

Asia Pacific dominates the global agriculture equipment market owing to the presence of rapidly developing economy, increasing high spending power of the people and increasing demand for the advanced products. Agriculture is the primary business of the people in this region which has led to driving the growth of the market during the forecast period 2018—2026. India and China hold the major share for the market owing to the continuously increasing demand for food to meet the demand of huge population and increasing government support. Europe accounts for the second leading position in the market owing to the well-developed technology, huge government support, and adoption of the advanced equipment’s. North America is expected to have a good growth for the market. The growth of this region is majorly attributed to presence of well-developing economies and high per capita income of the people. On the other hand, LAMEA is holds the least market share but is expected to have a healthy growth in near future.

Report Coverage

Market

Agriculture Equipment Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

 Product Type, Application, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Some of the major players in the market are

  • Deere & Company
  • CNH Industrial N.V.
  • Mahindra Group
  • Iseki & Co., Ltd.
  • Concern Tractor Plants
  • AGCO Corporation
  • AgrostrojPelhrimov A.s
  • Kubota
  • Escorts Limited
  • Valmont Industries Incorporated
  • China National Machinery Industry Corporation
  • Weifang Euroking Machinery
  • Same Deutz-Fahr Group (SDF)

Market Segmentation

Market By Product Type

  • Tractors
  • Harvesters
  • Soil Preparation & Cultivation Equipment
    • Row Crop Planters
    • Grain Drills
    • Air Seeders
    • Others
  • Agriculture Spraying Equipment
  • Irrigation & Crop Processing Equipment
  • Hay & Forage Equipment
  • Others

Market By Application

  • Land Development & Seed Bed Preparation
  • Plant Protection
  • Sowing & Planting
  • Weed Cultivation
  • Others

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


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