New York, Global Agricultural Equipment Market report from Global Insight Services is the single authoritative source of intelligence on Agricultural 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 any kind of machinery used on a farm to help with farming. There are many different types of equipment, from simple hand tools to large machines. Most equipment is used to help with planting, harvesting, and transporting crops and livestock. Some common examples of agricultural equipment include tractors, combines, plows, and hay balers.
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Key Trends
There are a number of key trends in agricultural equipment technology that are worth mentioning.
Firstly, there is a trend towards more sophisticated and expensive equipment. This is due to the fact that farmers are increasingly using technology to improve their productivity and efficiency.
Secondly, there is a trend towards smaller and more compact equipment. This is because farmers are increasingly working in smaller fields and are therefore requiring less space.
Key Drivers
The key drivers of the Agricultural Equipment market are the increase in demand for food globally, the need for higher productivity in agriculture, and the need for efficient and sustainable farming practices.
The demand for food is expected to continue to grow as the world population increases and the purchasing power of consumers increases. This will require farmers to produce more food with fewer resources, which will drive the need for higher productivity in agriculture.
Market Segments
By Type
- Tractors
- Harvesters
By Automation
- Automatic
- Semiautomatic
- Manual
By Business
- Original Equipment Manufacturers (OEMs)
- Aftersales
By Region
- North America
- The U.S.
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Key Players
- AGCO Corporation
- FlieglAgro-Center GmbH
- Agromaster
- Amazone Inc.
- APV GmbH
- Bellota Agri solutions
- CLAAS KGaAmbH
- CNH Industrial N.V.
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