Farm Equipment Market Catapulted by the Demand Influx of the Agriculture SectorPosted by Shazia Khan on May 30th, 2019 As per the World Bank, growth in the agriculture sector is two to four times more effective in raising incomes amongst the poorest compared to the other sectors and to feed a projected 9.7 billion people by 2050. This is leading to rapid development with a lot of companies and governments investing in the farm equipment market. As per the findings of a newly published market research report by IndustryARC titled “Farm Equipment Market: By Type (Tractors, Fertilizing, Plant Protection Equipment, Harvesting Equipment, Irrigation Equipment, Hay and Forage Equipment, Crop processing Equipment, Seeding Equipment, Grain Handling Equipment, Cutters and Shredders, Sprayers ); By Phase (Land Development, Sowing, Planting, Cultivation, Harvesting, Threshing, Others); By Application (Agri Equipment, Construction Equipment, Chemical Applications, Financing Equipment, Material Handling Equipment, Snow Removal Equipment, Property Maintenance Equipment); By Geography - Forecast (2019-2025)”, the global market size was estimated to be 0 to 5 billion as of 2018, with a CAGR of approximately 6%. Equipment such as tractors, plow, and harrow are the few basic tools that are often carried out on fields for cultivating across the globe. Browse 53 Market Tables, 176 Figures spread through 160 slides and an in-depth TOC “Farm Equipment Market (2019 - 2025)” Farm Equipment Market: Leading Segment APAC is leading the region in the global farm equipment market, at a share of 40% to 45% as of 2018 due to irrigation development in the region. Furthermore, the application CAGR in the farm equipment market will be nearly 10% during the forecast period of 2019-2025 as estimated by IndustryARC’s market analyst. As per India Brand Equity Foundation, in India, the Gross Value Added in the agriculture industry across the country was around INR 20,266 billion in 2017. The tractor market is also among the biggest segments in the category of farm equipment in the country, with annual sales of 600,000-700,000 units. However, there are major initiatives to elevate China’s agriculture industry. Moreover, there are an enormous number of farm equipment manufacturers in China which is aiding to the farm equipment market growth in the region Farm Equipment Market: Market Trends
Farm Equipment Market: Competitive Landscape Some of the key companies identified in the report that are currently holding majority global farm equipment market share are AGCO, John Deere, CLAAS, Mahindra and Mahindra, Lindsay Corp, Toro Corp, Jain Irrigation, Bucher Industries, CNH Industrial, Kvernerland Group, SDF Group, and Kubota. Talk to one of our sales representative about the full report by providing your details in the link below: https://industryarc.com/support.php?id=169 About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today. Contact Us: Mr. Venkateshwar Reddy Business Development Manager Email: sales@industryarc.com Contact Sales: 1-614-588-8538 (Ext-101) Like it? Share it!More by this author |