The global farm equipment market is expected to reach US$149,733.538 million by 2024 from US$128,449.497 million in 2018 growing at a CAGR of 2.59%. Farm equipment are used in the production, harvesting, and care of agriculture or farm produce. These equipment help in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. The increasing automation in the field of agriculture and farming along with the support from various governments is driving the market for farm equipment. The growing population is attributing the market growth too since it leads to an increase in the demand for food. Additionally, the scarcity of skilled labor in the agriculture and farming sector is also supporting the market demand. Furthermore, the increasing research and development for technological advancement in the farm equipment are also augmenting the market growth to continue in the forecasted period. However, the high cost of equipment and the growing market for used/second-hand equipment is a restraint in the growth of the market.
Segmentation
The global farm equipment market can be segmented based on type, function, and geography
By Type
By Function
By Geography
North America
South America
Europe
Middle East and Africa
Asia Pacific
Unique reasons to buy global farm equipment market report:
1. In-depth analysis with sufficient data points and references included.
2. Best possible insights in addition to detailed analysis of drivers and restraints.
3. Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
4. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
5. Global farm equipment market the latest developments and opportunities in all geographical regions.
6. Identifies prospective opportunities for growth and the countries with maximum attractiveness over the forecast period.
7. The report can also be provided in both PowerPoint and Portable Document Formats depending upon the request.
Scope of research of global farm equipment market:
1. The forecast period is from 2019 to 2024 with 2018 as the base year.
2. Nearly twenty-eight countries are covered across five regions including Asia Pacific, Europe, North America, South America, Middle East and Africa.
3. Leading industry trends and regulations, key business opportunities, drivers and restraints at the global and regional level.
4. Strategies of the key players in analyzing the competitive benchmarking are provided in the report.
5. Corporate profiles of leading players along with their financial profiles across regions and industry verticals can be provided on customization requests.
Segmentation
The global farm equipment market can be segmented based on type, function, and geography
By Type
- Combines
- Plows
- Sprayers
- Planters
- Others
By Function
- Plowing & Cultivating
- Sowing & Planting
- Plant Protection & Fertilizing
- Harvesting & Threshing
By Geography
North America
- USA
- Mexico
- Canada
South America
- Brazil
- Argentina
- Columbia
- Peru
- Chile
- Others
Europe
- United Kingdom
- Germany
- France
- Spain
- Russia
- Poland
- Sweden
- Netherlands
- Others
Middle East and Africa
- Israel
- Saudi Arabia
- UAE
- South Africa
- Egypt
- Nigeria
- Others
Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Others
Unique reasons to buy global farm equipment market report:
1. In-depth analysis with sufficient data points and references included.
2. Best possible insights in addition to detailed analysis of drivers and restraints.
3. Comparison between the market players and in-depth analysis of their strategies through competitive benchmarking.
4. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments.
5. Global farm equipment market the latest developments and opportunities in all geographical regions.
6. Identifies prospective opportunities for growth and the countries with maximum attractiveness over the forecast period.
7. The report can also be provided in both PowerPoint and Portable Document Formats depending upon the request.
Scope of research of global farm equipment market:
1. The forecast period is from 2019 to 2024 with 2018 as the base year.
2. Nearly twenty-eight countries are covered across five regions including Asia Pacific, Europe, North America, South America, Middle East and Africa.
3. Leading industry trends and regulations, key business opportunities, drivers and restraints at the global and regional level.
4. Strategies of the key players in analyzing the competitive benchmarking are provided in the report.
5. Corporate profiles of leading players along with their financial profiles across regions and industry verticals can be provided on customization requests.
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. FARM EQUIPMENT MARKET BY TYPE
6. FARM EQUIPMENT MARKET BY FUNCTION
7. FARM EQUIPMENT MARKET BY GEOGRAPHY
8. COMPETITIVE INTELLIGENCE
9. COMPANY PROFILE
Companies Mentioned
- John Deere
- CNH Industrial
- Mahindra & Mahindra
- Escorts Ltd.
- Tractors and Farm Equipment Limited
- Sonalika Group
- Tong Yang Moolsan (TYM)
- Exel Industries
- Bucher Industries
Methodology
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