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Farm Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Adoption of advanced farming machinery over traditional labour-intensive farming is viewed as one of the important solutions to meet the elevated requirement for food products. To enhance crop quality along with overcoming labour shortage by employi
Farm Equipment Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
Adoption of advanced farming machinery over traditional labour-intensive farming is
viewed as one of the important solutions to meet the elevated requirement for food
products. To enhance crop quality along with overcoming labour shortage by
employing autonomous tractors, fertilizer sprayers, ground-based sensors and
drones are soon becoming a favoured practice globally. Automated robotic
machinery easily carries out farming activities like sowing, pulling heavy loads,
ploughing and irrigation withstanding harsh weather and topography conditions.
Improved financial aids from global agriculture finance institutions and government
aids to train farmers are instrumental in the deployment of farm equipment at the
grass root level.
The global farm equipment market is predicted to value over US$ 133 billion by 2026
end, registering a CAGR of 3.4% during a 2019-2026 tenure.
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Key Farm Equipment Market Restraints
• Low adoption rate due to the high cost of farm equipment in emerging nations
• Lack of technological knowledge among older farming population in developing
countries
Global Farm Equipment Market, by Tractor Power Output
+ <30
+ 31–70
+ 71–130
+ 131–250
+ >250
+ <30 horsepower tractors are estimated to be in high demand in the large
agricultural nations like India, China, Canada and America especially in farming cash
crops like strawberry and grapes. This segment is projected to hold the largest
market volume in coming years.
Global Farm Equipment Market, by Drive
+ Two wheel drive (2WD)
+ Four wheel drive (4WD)
+ Autonomous
John Deere sources reported high sales of small tractors or two-wheel drive in North
America and this segment is projected to be the largest among global farm
equipment market by drive type segmentation.
Global Farm Equipment Market, by Equipment Type
+ Combines
+ Baler
+ Sprayer
Global Farm Equipment Market, by Application
+ Plow & Cultivate
+ Sow & Planting
+ Harvesting
+ Plant Protection & Fertilizing
Ploughing and cultivating segment holds major application segmentation in the farm
equipment market. Soil fertility level improvement to maintain productivity is the
prime need that is estimated to promote further growth of the segment in future.
Global Farm Equipment Market, by Region
+ North America
+ Latin America
+ Europe
+ Asia Pacific
+ Rest of the World
A strong presence of farm equipment manufacturers and large farming areas in
North America facilitate strong growth opportunities of the farm equipment market.
Progressive economic growth exhibited in the APAC region particularly in India, China
and Japan are projected to promote the fastest market growth in this region.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
FutureWise Key Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data-points affecting market growth
Objectives of the Study:
+ To provide an exhaustive analysis of the global farm equipment market on the basis
of tractor power output, equipment type, by application, and regions
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
Author
Merin John
Merin John177   documents Email
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