Agriculture Equipment Market Trends, Capacity, Production, Analysis And Forecast, 2014-2025
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<strong>Agriculture</strong> <strong>Equipment</strong> <strong>Market</strong> <strong>Trends</strong>, <strong>Capacity</strong>, <strong>Production</strong>,<br />
<strong>Analysis</strong> <strong>And</strong> <strong>Forecast</strong>, <strong>2014</strong>-<strong>2025</strong><br />
“The <strong>Agriculture</strong> <strong>Equipment</strong> <strong>Market</strong> is estimated to grow at a CAGR exceeding<br />
7% over the forecast period as the scope and its applications are rising<br />
enormously across the globe.”<br />
Global <strong>Agriculture</strong> <strong>Equipment</strong> <strong>Market</strong> is expected to reach USD 243.4 billion by <strong>2025</strong>. A mechanical machine<br />
designed for advanced farming purpose is known as an agriculture equipment. The agriculture equipment is<br />
useful for irrigation, planting, harvesting and so on. There are a wide range of equipment available right from<br />
hand tools and power tools to tractors. <strong>Agriculture</strong> equipment has several advantages such as enhanced<br />
uniformity and quality of the process, accuracy, substitute for labor, operation requires less time as compared<br />
to the conventional methods, and so on. The <strong>Agriculture</strong> <strong>Equipment</strong> <strong>Market</strong> is estimated to grow at a CAGR<br />
exceeding 7% over the forecast period as the scope and its applications are rising enormously across the globe.<br />
Increasing population at faster pace, rising demand from developing countries like those that India and China<br />
with high population base, and developing enhanced agricultural equipment’s are documented as major factors<br />
of Insurance Analytics <strong>Market</strong> that are estimated to enhance the growth in the years to come. However, high<br />
cost of machinery and financial problems to replace the old machinery are the factors that may restrain overall<br />
market growth in the coming years. <strong>Agriculture</strong> <strong>Equipment</strong> <strong>Market</strong> is segmented based on product type,<br />
process, application, and region.<br />
Fertilizing &Pest Control, Harvesting/Post-Harvest, Hay Making, Irrigation, Planting, Produce Sorter, Loading,<br />
Tractor and Power, Soil Cultivation, and another product type could be explored in <strong>Agriculture</strong> <strong>Equipment</strong> in the<br />
forecast period. The process may include harvesting & threshing, land development, tillage, seed-bed<br />
preparation, post-harvest & agro-processing, plant protection, sowing & planting, weed inter-cultivation, and<br />
others that could be explored in <strong>Agriculture</strong> <strong>Equipment</strong> in the forecast period. The market may be categorized<br />
based o applications like wheat, corn, soybean, rice, and others that could be explored in the forecast period.<br />
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Globally, Asia Pacific accounted for the substantial market share of <strong>Agriculture</strong> <strong>Equipment</strong> and is estimated to<br />
lead the overall market in the coming years. The reason behind the overall market growth could be high demand<br />
for food in India and China due to rising population, falling crop values, and rising use of enhanced technology.<br />
In India, National Agricultural Development Program (NADP) offers subsidies ranging from 30%–50% on the<br />
purchase of agriculture equipment like tillers, farm tractors, threshers, sprayers, and paddy transplanters.<br />
India with its favorable rich natural resource base and agro-climatic surroundings has converted to the world's<br />
biggest manufacturer across a variety of goods. Instead, Europe and North America are also estimated to have<br />
a positive influence on the future growth. Europe is the second largest region with significant market share.<br />
However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period.<br />
The key players of <strong>Agriculture</strong> <strong>Equipment</strong> <strong>Market</strong> are AGCO, AgriArgo, CNH, China Northern, Challenger,<br />
Dongfeng, Double L, Farmers <strong>Equipment</strong>, Grimme, John Deere, JL Farm <strong>Equipment</strong>, Great Plains, JCB,<br />
Kverneland, Kinze, Kubota, Menoble, Modern <strong>Agriculture</strong>, Nonghaha, New Holland, Monosem, Oxbo, Rabe,<br />
Same Deutz-Fahr, Shifeng, Ten Square, Top Air, YTO, Woer, and ZhongJi Southern. These players are<br />
concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the<br />
world have to believe that alliance with a market would permit them proportional market existence and<br />
authority to declare the leadership position.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/agriculture-equipment-market<br />
<strong>Market</strong> Segment:<br />
Product Outlook (Revenue, USD Billion, <strong>2014</strong> - <strong>2025</strong>)<br />
• Tractors<br />
• Harvesters<br />
• Planting <strong>Equipment</strong> (Revenue: USD Billion, Volume: Thousand Units, <strong>2014</strong> - <strong>2025</strong>)<br />
• Row crop planters<br />
• Air seeders<br />
• Grain drills<br />
• Others<br />
• Irrigation & crop processing equipment<br />
• Spraying equipment<br />
• Hay & forage equipment<br />
Application Outlook (Revenue, USD Billion, <strong>2014</strong> - <strong>2025</strong>)<br />
• Land development & seed bed preparation<br />
• Sowing & planting<br />
• Weed cultivation<br />
• Plant protection<br />
• Harvesting & threshing<br />
• Post-harvest & agro processing
Regional Outlook (USD Billion, <strong>2014</strong> - <strong>2025</strong>)<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Latin America<br />
• Middle East & Africa<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/automotive-and-transport<br />
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