Agriculture Equipment Market to Witness Astonishing growth by 2027 | Mahindra & Mahindra Ltd., Escorts Limited, CNH Industrial N.V., Deere & Company

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iCrowdNewswire   Dec 2, 2020  12:04 AM ET

Agriculture Equipment Market by Type (Tractors, Harvesters, Soil Preparation & Cultivation, Irrigation & Crop Processing, Agriculture Spraying Equipment, Hay & Forage Machines, and Others), Automation (Manual, Semi-Automatic, and Automatic Equipment), and Business (Original Equipment Manufacturers (OEMs), and Aftersales): Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Further, the document provides comprehensive analysis of the key industry trends as well as the opportunities that will ensure an upward growth trajectory in the coming years. It also focuses on developing strategies for challenges faced by the industry. Moreover, an exhaustive discussion of the latest updates including the impact of COVID-19 pandemic is furnished in the study. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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The global agriculture equipment market size is expected to reach $166,491.6 million in 2027, from $105,000.0 million in 2019, growing at a CAGR of 6.0% from 2020 to 2027.

Agricultural equipment assist in various agricultural operations to obtain high crop productivity with minimum effort and time. Agricultural equipment include diversified products such as plows, tractors, cultivators, and harvesters as per the requirement of various agricultural activities. Moreover, various implements are attached to the tractors for applications such as tilling, plowing, harrowing, planting, disking, and other operations. In addition, agricultural equipment require lower effort inputs, thereby, reducing the demand of human labor on the farms. This not only saves time of operation, but also saves the costs incurred on manpower. The implementation of automatic and semi-automatic machinery also increases the crop production, owing to lower downtimes and highly precise operations.

Increase in mechanization in agricultural activities is a key factor driving the growth of the global agricultural equipment market. In addition, surge in population is propelling the need for crop cultivation. Thus, to sustain the demand of agricultural produce, farmers are switching toward the use of automated and semi-automated agricultural equipment on fields globally, which significantly contributes toward the global agriculture equipment market growth. In addition, surge in population increases the demand of food globally, which eventually pressurizes the agriculture sector for the cultivation of various grains and vegetables. The employment of agriculture equipment assists in cultivation of more crops in less time and effort, which increases the production of food for the growing population. Thus, upsurge in global population boosts the demand for agriculture equipment, which, in turn, drives its agriculture equipment market industry growth. Furthermore, the implementation of precision farming enables sustainability in farming activities, increase profitability, and protects the land resources, which result in enhanced agricultural production. Various products offered by major players in the agriculture equipment industry assist farmers in different farming activities such as sowing and harvesting, which promotes the implementation of agriculture equipment, thereby augmenting the growth of agriculture equipment significantly.

However, lack of awareness and information regarding the use of agriculture equipment between farmers is a major restraining factor of the agriculture equipment market. Illiteracy and unavailability of proper resources as well as monetary measures negatively affect the implementation of agriculture equipment.

On the contrary, government support for the development of farming activities, such as provision of subsidies for acquiring seeds, fertilizers, and agriculture equipment is expected to create lucrative opportunities for the growth of agriculture equipment market.

The global agriculture equipment market is segmented into type, automation, business, and region. By type, the market is categorized into tractors, harvesters, soil preparation & cultivation, irrigation & crop processing, agriculture spraying equipment, hay & forage machines, and 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 analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest agriculture equipment market share throughout the study period, and LAMEA is expected to grow at the fastest rate.

COMPETITION ANALYSIS

The key market players profiled in the report include 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.

Many competitors in the agriculture equipment market adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in February 2020, the Fendt brand of the company AGCO Corporation launched the Momentum planter in the North American row crop production market. The product is designed to assist in overcoming challenging planting conditions. In addition, it features SmartFrame technology, which can be used for vertical contour toolbar, automated, and smart & configuration capabilities. Similarly, in November 2019, the company CNH Industrial through its brand, New Holland Agriculture launched two models W170D and W190D, in its wheel loader range. Both the models integrate the HI-eSCR2 technology and comply with the Stage V emission standards. The technology utilizes selective catalytic reduction on filter to offer maximum efficiency for the filter operation, as well as reduces the emissions from the engine.

KEY BENEFITS FOR STAKEHOLDERS

? The report provides an extensive analysis of the current and emerging global agriculture equipment market trends and dynamics.

? In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.

? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

? A comprehensive analysis of all the regions is provided to determine the prevailing agriculture equipment market opportunity.

? The global agriculture equipment market forecast analysis from 2020 to 2027 is included in the report.

? The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.

GLOBAL AGRICULTURE EQUIPMENT MARKET SEGMENTS

BY TYPE

– Tractors

– Harvesters

– Soil preparation & cultivation

– Irrigation & crop processing

– Agriculture spraying equipment

– Hay & forage machines

– Other agriculture equipment

BY AUTOMATION

– Automatic

– Semi-Automatic

– Manual

BY BUSINESS

– Original Equipment Manufacturers (OEM)

– Aftersales

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Key highlights from COVID-19 impact analysis:

  • Predictions regarding long-term effects of COVID-19 pandemic on the growth trend.
  • Socio-economic implications of the coronavirus outbreak on the Market.
  • Peaks and valleys in demand during the Covid-19 lockdown period.
  • Supply chain challenges.
  • Projected long-term outlook of the pandemic on industry development.

For more information or any query mail at [email protected]

An overview of the regional landscape:

The key regions covered in the report are North America, Europe, China, Japan and South Korea, It also covers key regions (countries), viz, the U,S,, Canada, Germany, France, U,K,, Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U,A,E, etc,.

Regional contribution to the overall market growth is measured in the study.

Revenue generated, sales garnered, and growth rate attained by each region during forecast period are cited.

The market growth is analyzed by studying multiple determinants such as:

  • Market Drivers
  • Market Trends
  • Market Challenges
  • Market Opportunities
  • Market Restraints, and
  • Market Competition

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Key Questions Answered in The Report:

  • What will the Market growth rate?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the market opportunities and overview of the Market?
  • What are sales, revenue, and price analysis of top manufacturers of Market?
  • What are the Market opportunities and threats faced by the vendors in the global Market?
  • What are sales, revenue, and price analysis by types and applications of Market?

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Key Points Covered in Agriculture Equipment Market Report:

CHAPTER 1 INTRODUCTION

1.1 Report description

1.2 Key benefits

1.3 Key market segments

1.4 Research methodology

1.4.1 Secondary research

1.4.2 Primary research

1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope

3.2 Key findings

3.2.1 Top impacting factor

3.2.2 Top investment pockets

3.2.3 Top winning strategies

3.3 Value chain analysis

3.4 Porters five forces analysis

3.4.1 Availability of numerous players, results in high bargaining power of buyers

3.4.2 Number of quality raw material suppliers, decreases the bargaining power of suppliers

3.4.3 Industry giants limit the emergence of new entrants

3.4.4 Lack of viable substitute leads to low threat of substitutes

3.4.5 Well- established brands and matured market lead to intense rivalry among competitors

3.5 Market positioning, 2015

3.6 Market dynamics

3.6.1 Drivers

3.6.1.1 Mechanization of activities in agriculture

3.6.1.2 Economic stability and growing population

3.6.1.3 Precision farming

3.6.2 Restraints

3.6.2.1 Lack of information about the efficient agriculture equipment among farmers

3.6.2.2 Decreasing arable land

3.6.3 Opportunities

3.6.3.1 Government support

CHAPTER 4 WORLD AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE

4.1 Agriculture tractors

4.1.1 Key market trends

4.1.2 Key drivers and opportunities

4.1.3 Market size and forecast

4.2 Harvester

4.2.1 Key market trends

4.2.2 Key drivers and opportunities

4.2.3 Market size and forecast

4.3 Soil preparation & cultivation equipment

4.3.1 Key market trends

4.3.2 Key drivers and opportunities

4.3.3 Market size and forecast

4.4 Irrigation & crop processing equipment

4.4.1 Key market trends

4.4.2 Key drivers and opportunities

4.4.3 Market size and forecast

4.5 Agriculture spraying equipment

4.5.1 Key market trends

4.5.2 Key drivers and opportunities

4.5.3 Market size and forecast

4.6 Hay & forage equipment

4.6.1 Key market trends

4.6.2 Key drivers and opportunities

4.6.3 Market size and forecast

4.7 Other agriculture equipment

4.7.1 Key market trends

4.7.2 Key drivers and opportunities

4.7.3 Market size and forecast

CHAPTER 5 WORLD AGRICULTURE EQUIPMENT MARKET BY GEOGRAPHY

5.1 North America

5.1.1 Key market trends

5.1.2 Key drivers and opportunities

5.1.3 Market size and forecast

5.1.3.1 United States

5.1.3.1.1 Market size and forecast

5.1.3.2 Canada

5.1.3.1.2 Market size and forecast

5.1.3.3 Mexico

5.1.3.1.3 Market size and forecast

5.2 Europe

5.2.1 Key market trends

5.2.2 Key drivers and opportunities

5.2.3 Market size and forecast

5.2.3.1 France

5.2.3.1.1 Market size and forecast

5.2.3.2 Germany

5.2.3.1.2 Market size and forecast

5.2.3.3 U.K.

5.2.3.1.3 Market size and forecast

5.2.3.4 Rest of Europe

5.2.3.1.4 Market size and forecast

5.3 Asia-Pacific

5.3.1 Key market trends

5.3.2 Key drivers and opportunities

5.3.3 Market size and forecast

5.3.3.1 India

5.3.3.1.1 Market size and forecast

5.3.3.2 China

5.3.3.1.2 Market size and forecast

5.3.3.3 Japan

5.3.3.1.3 Market size and forecast

5.3.3.4 Rest of Asia-Pacific

5.3.3.1.4 Market size and forecast

5.4 LAMEA

5.4.1 Key market trends

5.4.2 Key drivers and opportunities

5.4.3 Market size and forecast

5.4.3.1 Latin America

5.4.3.1.1 Market size and forecast

5.4.3.2 Africa

5.4.3.1.2 Market size and forecast

5.4.3.3 Middle East

5.4.3.1.3 Market size and forecast

CHAPTER 6 COMPANY PROFILES

6.1 Mahindra Group

6.1.1 Company Overview

6.1.2 Operating Business Segments

6.1.3 Business Performance

6.1.4 Strategic Moves and Developments

6.1.5 SWOT Analysis of Mahindra Group

6.2 Escort Limited

6.2.1 Company overview

6.2.2 Operating Business Segments

6.2.3 Business Performance

6.2.4 Key Strategies and Developments

6.2.5 SWOT Analysis of Escort Limited

6.3 Valmont Industries, Inc.

6.3.1 Company Overview

6.3.2 Operating Business Segments

6.3.3 Business performance

6.3.4 Key Strategies and Developments

6.3.5 SWOT Analysis of Valmont Industries, Inc.

6.4 Deere & Company

6.4.1 Company overview

6.4.2 Operating Business Segments

6.4.3 Business Performance

6.4.4 Key Strategies and Developments

6.4.5 SWOT Analysis of Deere & Company

6.5 AGCO Corporation

6.5.1 Company Overview

6.5.2 Business performance

6.5.3 Key strategies and developments

6.5.4 SWOT Analysis of AGCO Corporation

6.6 Same Deutz-Fahr Group (SDF)

6.6.1 Company Overview

6.6.2 Business Performance

6.6.3 Key Strategies and Developments

6.6.4 SWOT Analysis of Same Deutz-Fahr

6.7 Agrostroj Pelhrimov A.s.

6.7.1 Company overview

6.7.2 Key strategies and developments

6.7.3 SWOT Analysis of Agrostroj Pelhrimov A.S

6.8 China National Machinery Industry Corporation (Sinomach)

6.8.1 Company Overview

6.8.2 Operating Business Segments

6.8.3 SWOT Analysis of China National Machinery Industry Corporation

6.9 Weifang Euroking Machinery

6.9.1 Company Overview

6.9.2 SWOT Analysis of Weifang Euroking Machinery

6.10 Concern Tractor Plants

6.10.1 Company Overview

6.10.2 SWOT Analysis of Concern Tractor Plants

……..and view more in complete table of Contents

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Keywords:    Agriculture Equipment Market, Agriculture Equipment Market Analysis, Agriculture Equipment Market Growth, Agriculture Equipment Market Scope, Agriculture Equipment Market Share, Agriculture Equipment Market Trend, Agriculture Equipment Market Development, Agriculture Equipment Market Sales, Agriculture Equipment Market Forecast, Agriculture Equipment Market Opportunities, Agriculture Equipment Market Size

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