Agriculture & Farm Equipment Market Segmentation, Opportunities, Trends & Future Scope to 2025

On the basis of Product: Tractors dominate the product category and is estimated to account over 20% of total revenue
in 2015 after harvesters. Tractors are the most efficient and effective equipment in the agricultural sector as they can
perform several activities in the process of farming. Harvesters are expected to grow at a CAGR of 5% through 2014-
25. Other product segment includes thrasher, combine harvester, rotavator, Zero Till Seed Drill, Power Tiller, Multi
Crop Planter, Drip Irrigation, Sprinkler Irrigation, Power Weeder, Power Spray.
On The basis of Application: The products are divided as per the processes in farming such as Sowing & Planting
Equipment, Land Development/Seed Bed Preparation/Tillage Equipment, Plant Protection Equipment, Water Inter
Cultivation equipment, Agro Processing and Harvesting & Threshing.
Threshing and Harvesting expect the fast growth of a CAGR over 6% through the forecast period. Land
Development/Seed Bed Preparation/Tillage contributed over 15% of the global revenue in 2015. Agriculture is labor
intensive, and the scarcity of farm labor will be the key fueling factor to the increasing demand for agricultural
equipment.
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Regional Insights
North America Dominated the Agriculture equipment market in 2015. The driving factors behind the most usage of
agriculture equipment are the scarcity of labor, improved features and fuel efficiency of the machinery and demand
for the food. However, North America and Europe are expected to show moderate growth over the period. The Asia
Pacific region is projected to be fastest growing market during the forecasted period owing to India and China are
emerging as the fastest growing market. China dominates the region by contributing over 20% of the regional revenue
share in 2015. Developing countries are showing strong economic growth, such as India, Middle Eastern countries and
China, which will further fuel the growth of the agricultural equipment industry.
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Competitive Insights
The Agriculture machinery market is highly fragmented and competitive due to the existence of prominent players
along with some other medium or small-scale participants. Key players in the agriculture industry include Mitsubishi