Global Agriculture Equipment Market by Product Type (Agriculture tractors, Harvesters, Soil preparation & cultivation equipment, Irrigation & crop processing equipment, Agriculture spraying equipment, Hay & forage equipment, Other agriculture equipment), Industry trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 115

 ERC 4930

Global Agriculture Equipment Market Overview

Agriculture Equipment Market was valued at $171 billion in 2016, and is projected to reach $279.5 billion by 2024, growing at a CAGR of 6.5% from 2017 to 2024.In 2016, Tractor market generated the highest revenue share in the global agriculture equipment market.

Agriculture equipment or farm equipment is the set of machinery which is used for the backing and support of agricultural activities. Agriculture equipment consists of a varied range of equipment and machinery such as tractors, plough, cultivation equipment, and harvesters. Various power tools, hand tools, and tractors along with the countless number of farm gears are an indispensable part of the agriculture industry. Increasing adoption of technology driven agriculture equipment and escalating demand for food due to growing population are the reason for the growth of the market. Global market players are continuously revealing new and innovative products to maintain their market position and offer technologically advanced equipment.

The population is growing at an alarming rate and is expected to be more urbanized, anticipating better diets and living standards. A growing need for food can stimulate the demand of agricultural products, which will eventually increase the demand for agricultural equipment. Major factors that are driving the growth of the agriculture equipment market are leading the adoption of advanced agriculture equipment. The government in many countries provide extensive support to farmers in order to purchase agricultural equipment for efficient work outputs, which will push the growth of the agriculture equipment market. Many government authorities are undertaking initiatives to educate farmers about the benefits of using agricultural equipment in farming. Numerous companies are also approaching the farmers to educate them about the loan policies, credit financing, and benefits of contract farming. This is expected to drive the demand for agricultural equipment, mainly heavy machinery. However, loss of skills, monotony, and unemployment are some restraining factors, which may resist the growth of agriculture equipment.

The Agriculture equipment market is segmented on the basis of product type and geography. By equipment type, the market is segmented as agriculture tractors, harvesters, soil preparation and cultivation equipment, irrigation & crop processing equipment, agriculture spraying equipment, hay and forage equipment, and other agriculture equipment. On the basis of Geography, the market is categorized as North America, Europe, Asia Pacific and Rest of World.

The key market players are Deere & Company, Mahindra Group, AGCO Corporation, Agrostroj Pelhrimov A.s, Concern Tractor Plants, Escorts Limited, China National Machinery Industry Corporation, Valmont Industries Incorporated, Weifang Euroking Machinery, Same Deutz-Fahr Group (SDF)

Agriculture Equipment Market Segmentation

By Product Type
    • Agriculture tractors
    • Harvesters
    • Soil preparation & cultivation equipment
    • Irrigation & crop processing equipment
    • Agriculture spraying equipment
    • Hay & forage equipment
    • Other agriculture equipment

By Geography

North America
     • U.S.
     • Canada
     • Mexico

Europe
     • France
     • Germany
     • U.K.
     • Rest of Europe

Asia-Pacific
     • India
     • China
     • Japan
     • Rest of Asia-Pacific

LAMEA
     • Latin America
     • Africa
     • Middle East

Key Market Players

     • Deere & Company
     • Mahindra Group
     • AGCO Corporation
     • Agrostroj Pelhrimov A.s
     • Concern Tractor Plants
     • Escorts Limited
     • China National Machinery Industry Corporation
     • Valmont Industries Incorporated.
     • Weifang Euroking Machinery
     • Same Deutz-Fahr Group (SDF)

Please fill in the form below to Request for Customise Report

Refresh Captcha

To request sample copy of this report, please complete the form below verified and secure

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report. This also includes a 30 minute free analyst discussion post report purchase.


Refresh Captcha

    What Information does this report contain?

    • What was the market size of the Agriculture Equipment Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions, and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Agriculture Equipment Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

Purchase Options





Offers & Discounts

  • Chapter purchase
  • Historical market data
  • Country level data breakdown
  • Free customization*
  • Discounts for first time
  • Special pricing for
              non-business entities

Customize

  • We offer 20% free customization on every purchase.

Get in touch!

  +1-(908) 379-7709


  help@esticastresearch.com