Agriculture Machinery is any kind of machinery used on a farm to help with farming. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that they tow or operate.
North America dominated the market in 2015. This is ascribed to the advent of machines with better fuel efficiency and improved features in this region that have encouraged farmers to purchase new machinery for agriculture.Another major factor driving the demand for agriculture equipment in North America is the shortage of farm labor.
The strong economic growth in developing nations such as China, India, and the Middle Eastern countries is projected to further drive the farm machinery industry. Asia Pacific is expected to witness the fastest growth over the forecast period. China alone held over 20% of the regional revenue share in 2015.
The Global Agriculture And Farm Equipment/Machinery Market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
In the global Agriculture And Farm Equipment/Machinery Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
AGCO Corp.
CNH Industrial N.V.
Iseki &,
Same Deutz-Fahr Group S.p.A. (SDF)
J.C. Bamford Excavators Limited
Kubota Corporation
Mahindra & Mahindra Limited
Deere & Company
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Tractors
Harvesters
Planting Equipment
Irrigation & Crop Processing Equipment
Spraying Equipment
Hay & Forage Equipment
Others
In Market segmentation by applications :
Land Development & Seed Bed Preparation
Sowing & Planting
Weed Cultivation
Plant Protection
Harvesting & Threshing
Post-harvest & Agro Processing
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Agriculture And Farm Equipment/Machinery Market for the forecast period 2020 - 2026?
• What are the driving forces in the Agriculture And Farm Equipment/Machinery Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Agriculture And Farm Equipment/Machinery industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?