Growing population at faster pace is the main driver for agricultural equipment market as it spurs the need of food which aggressively demand for better equipment for agriculture. Though agriculture equipment help in the cultivation but farmers are in having financial issues to replace the old equipment with new machinery, which hindered the growth of the global agriculture equipment market. Asia Pacific is one of the major user of tractor.
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3. Agriculture equipment are the machine tools used in the various stage of agriculture such as
harvesting, planting, threshing and agro processing. Agriculture equipment are replacing
traditional tools: for traditional practice in land development, tillage and seed bed preparation
plough and blade harrow were used but current practice includes tractors, mould board plough
and power tiller.
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523
Agriculture Equipment Market: Drivers & Restraints
Growing population at faster pace is the main driver for agricultural equipment market as it
spurs the need of food which aggressively demand for better equipment for agriculture. Though
agriculture equipment help in the cultivation but farmers are in having financial issues to replace
the old equipment with new machinery, which hindered the growth of the global agriculture
equipment market. Asia Pacific is one of the major user of tractor.
Agriculture Equipment Market: Segmentation
On the basis of product type, agriculture Equipment market is broadly segmented as:
• Tractor
• Combine Harvester
• Thrasher
Report DescriptionReport Description
4. • Rotavator
• Self-Propelled Vertical Conveyer Reaper
• Zero Till Seed Drill
• Multi Crop Planter
• Power Tiller
• Laser Land Leveler
• Rice Transplanter
• Power Spray
• Power Weeder
• Drip Irrigation Equipment
• Sprinkler Irrigation Equipment
On the basis of process, the market is segmented into:
• Land Development, Tillage, Seed Bed Preparation
• Sowing & Planting
• Weed Inter Cultivation
• Plant Protection
• Harvesting & Threshing
• Post-Harvest & Agro Processing
Report DescriptionReport Description
5. Agriculture Equipment Market: Region – Wise Outlook
Asia – Pacific region is expected to dominate the market during the forecasted period aided by
China and India the fastest growing agriculture equipment market. Growing population will
increase the demand of food in these countries, which in return increase the demand of better
harvesting machinery. Europe and North America agriculture equipment market is expected to
show a moderate growth. With rapid technological advancement and growing population
agriculture Equipment market is expected to increase at a double CAGR during the forecast
period.
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Agriculture Equipment Market: Key Players
Some of the players in the market we identified includes, CNH Industrial NV, AGCO Corp, J.C.
Bamford Excavators Limited, Iseki & Co. Ltd, Mahindra & Mahindra Limited, Deere & Company
and Kubota Corporation.
Report DescriptionReport Description
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