Global Agriculture Equipment Market report from Global Insight Services is the single authoritative source of intelligence on Agriculture Equipment Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Agricultural equipment is machinery used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that they tow or operate. Diverse arrays of equipment are used in both organic and nonorganic farming. Especially since the advent of mechanized agriculture, agricultural machinery is an essential part of how the world is fed.
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Key Trends
There are a number of key trends in agriculture equipment technology that are worth noting. Perhaps the most significant is the trend toward more precision farming. This means that farmers are using more sophisticated equipment that allows them to target specific areas of their fields more precisely. This results in better yields and less wasted resources.
Another key trend is the move toward sustainable agriculture. This is evident in the increasing popularity of organic farming methods and the use of more environmentally-friendly equipment. Farmers are also becoming more aware of the need to conserve water and energy, and this is reflected in the types of equipment they are using.
In terms of specific equipment, there is a trend toward larger and more powerful machines. This is particularly true of tractors and combines harvesters. There is also a trend toward more sophisticated equipment that is able to perform multiple tasks. For example, many newer tractors are equipped with GPS systems that allow them to be used for precision farming.
Key Drivers
There are many key drivers of the agriculture equipment market. The most important drivers are population growth, technological advances, and the increasing demand for food.
The world population is projected to grow from 7.6 billion in 2017 to 9.8 billion by 2050. This population growth will lead to an increase in the demand for food. In order to meet this demand, farmers will need to increase their production. This can be done by using more efficient methods of production, such as using agricultural equipment.
Technological advances have led to the development of new and improved agricultural equipment. This equipment is more efficient and effective than ever before, and it can help farmers to increase their production.
Market Segments
The Agriculture Equipment Market is segmented by type, automation, business, and region. By type, the market is categorized into tractors, harvesters, soil preparation & cultivation, other agriculture equipment. Depending on automation, it is classified into manual, semi-automatic, and automatic equipment. Considering business, the market is classified into original equipment manufacturers (OEMs) and aftersales. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Agriculture Equipment Market includes players such as Mahindra & Mahindra Ltd., Escorts Limited, CNH Industrial N.V., Deere & Company, AGCO Corporation, SDF S.p.A., AGROSTROJ Pelh?imov, a.s., China National Machinery Industry Corporation Ltd. (Sinomach), J C Bamford Excavators Ltd., and Kubota Corporation.
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