Farm machinery contains a wide range of devices with varying degrees of sophistication, ranging from simple hand-held implements used since prehistoric times to modern mechanised agriculture’s complicated harvesters with a combine. Irrigation machinery is one of the most significant agricultural implements. Implements for soil cultivation and machines for planting is also commonly used by farmers. It is a term that refers to the mechanical structures and devices that are utilised in farming and other forms of agriculture. Hand tools and power tools, as well as tractors and the myriad sorts of farm implements that they tow or operate, are all examples of such equipment. Agriculture Equipment Market’s segment analysis is provided by type, automation and region.
Agriculture Equipment Market Report Scope and Research Methodology:
The main goal of the report is to provide a thorough analysis of the Agriculture Equipment market in simple language, including both qualitative and quantitative data. It also includes a detailed examination of the Agriculture Equipment market drivers, restraints, challenges, and opportunities from 2022 to 2027. The report examines all major aspects of the Agriculture Equipment market, including a value chain analysis, PESTLE analysis, Porter’s Five Forces model, market forecasts in terms of value competitive landscape, benchmarking of key players, market dynamics, and future market trends.
The size of the and regional Agriculture Equipment markets was estimated using the bottom-up method. To obtain accurate and error-free findings on the Agriculture Equipment market, data was gathered using both primary and secondary research methods, and data was gathered using both methodologies. As part of the primary research, interviews were conducted with industry participants, subject-matter experts, high-level executives of key market players, industry consultants, and other experts. Secondary research entails gathering data for the Agriculture Equipment market report from a pre-selected set of sources. The PESTLE analysis in the report aids in the development of company strategies in the Agriculture Equipment industry. A SWOT analysis was used to determine the market’s strengths and weaknesses.
Agriculture Equipment Market Report Overview:
Stellar Market Research has released reports to help clients understand the landscape of the Agriculture Equipment Market in which they compete. The report provides market insights to clients in order to help them understand future demand for their product and how competitive the Agriculture Equipment is likely to be. The Agriculture Equipment market overview contains detailed information about the market’s size, trade statistics, key players, and various market metrics such as life cycle, trends, and so on.
Agriculture Equipment Market size was valued at US$ 110.5 Bn in 2020. The Global Agriculture Equipment Market is estimated to grow at a CAGR of 4.8% over the forecast period.
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Agriculture Equipment Market Dynamics:
The global agriculture equipment sector is predicted to rise as the mechanisation of various farming processes such as ploughing, harrowing, planting, harvesting, and tilling increases. As the benefits of using mechanical equipment such as tractors, harvesters, and various attachments become increasingly obvious, farmers’ reliance on agriculture equipment develops. The transition in agricultural activities from animal or manual processes to automated technologies can also be another major factor for driving the growth of the agriculture equipment market.
Agriculture Equipment Market Segmentation:
By Automation, the market is segmented as Manual, Automatic, Semi-automatic, and Others. The Manual segment dominated the market with a 45.1% share in 2020. Manual material handling operations (e.g. lifting, lowering, pulling, pushing, and carrying heavy items) are common in agricultural activities, resulting in musculoskeletal strains, falls, and spinal injuries, among other things. Apart from this, at the farm, human power is the primary source of operation for small implements and tools. Manual labour is also used for stationary tasks such as chaff cutting, lifting, water, threshing, and winnowing. For farm work, an average guy may create a maximum power of roughly 0.1 hp. Thus by using manually, agricultural equipment the task may be easily completed and considered as a major factor for driving the growth of segment in the agriculture equipment market.
By Type, the market is segmented as Tractors, Harvesters, Irrigation and Crop Processing, Hay and Forage Machines. The Harvesters segment dominated the agriculture equipment market with a 38.3% share in 2020. The contemporary combine harvester, often known as a combine, is flexible equipment that can harvest a wide range of grain crops efficiently. The term comes from the fact that it combines four independent harvesting procedures into a single process such as reaping, threshing, gathering, and winnowing. A combined harvester successfully separates weeds from grain, resulting in cleaner grains. The farm may be simply readied for the next crop in less time. From cutting through winnowing, farmers can reduce the entire cost of harvesting. It decreases reliance on human labour. Thus these advantages give lucrative growth for this segment.
Agriculture Equipment Market Key Players:
AGCO Corporation (Duluth, GA)
Alamo Group Inc. (Seguin, TX)
ARGO SpA (Italy)
Bucher Industries AG (Switzerland)
China National Machinery Industry Corporation (China)
CLAAS KGaA mbH (Germany)
CNH Industrial NV (U.K)
Deere & Company (Moline, IL)
Escorts Limited, Iseki & Co. Ltd. (India)
J C Bamford Excavators Ltd. (JCB) (U.K)
Kubota Corporation (Japan)
Mahindra & Mahindra Limited (India)
Same Deutz-Fahr Group S.p.A. (SDF) (China)
Valmont Industries, Inc. (U.S)
Yanmar Co. Ltd., Zetor Tractors A.S. (Indonesia)
Agriculture Equipment Market Regional Insights:
The Regional Analysis section of the report aids in understanding the Agriculture Equipment market in various countries. The Agriculture Equipment market in each region is influenced by political, geographic, purchasing behavior, and other factors. The performance of the Agriculture Equipment market frequently influences local development plans. The report examines all factors thoroughly, including market size, growth rate, import and export in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Key questions answered in the Agriculture Equipment Market are:
- What is Agriculture Equipment Market?
- What are the trends in the Agriculture Equipment Market?
- What are the factors contributing to the final price of Agriculture Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Agriculture Equipment Market?
- How is the intervention from regulatory authority is shaping the Agriculture Equipment Market?
- What growth strategies are the players considering to increase their presence in Agriculture Equipment Market?
- Who held the largest market share in Agriculture Equipment Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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