Data Bridge Market Research analyses that the farm equipment market would exhibit a CAGR of 5.34% for the forecast period. On the basis of current trends and insights, the current farm equipment market value i.e., USD 132.2 billion will climb up to USD 200.54 billion by the year 2028.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also performed here. Furthermore, Farm Equipment Market research report also provides a watchful investigation of the current state of the market which covers several market dynamics. The market report uses a range of steps for collecting, recording, analyzing and interpreting market data to make this report all-inclusive. The report contains the list of leading competitors, strategic industry analysis and the insights of key factors influencing the AUTOMOTIVE industry. In Elderly Care report, the statistics are signified in graphical and tabular format for a clear understanding on facts and figures.
Farm Equipment Market Scope & Size:
The farm equipment market is segmented on the basis of power output, farm tractor drive type, equipment type, and rental equipment type.
On the basis of power output, the farm equipment market is segmented into farm tractor and autonomous tractor. Farm tractors are further sub-segmented into less than 30 horsepower, 31-70 horsepower, 71-130 horsepower, 131-250 horsepower and greater than 250 horsepower. Autonomous tractors are also bifurcated into less than 30 horsepower, 31-100 horsepower and greater than 100 horsepower.
On the basis of farm tractor drive type, the farm equipment market is segmented into four-wheel and two-wheel.
On the basis of equipment type, the farm equipment market is segmented into balers, combines and sprayers.
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Some of the key questions answered in this report:
How has the Farm Equipment Market performed so far and how will it perform in the coming years?
What has been the impact of COVID-16.8 on the Farm Equipment Market?
What are the key regional markets?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the injury location?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Farm Equipment Market and who are the key players?
What is the degree of competition in the industry?
Market Analysis and Insight: Farm Equipment Market
Farm equipment refers to all the technology and machinery that is required or demanded by the farmers to undertake agricultural activities. This equipment or machinery helps the farmers to generate greater profits as they help to increase the output of the farm and subsequently improve the quality of the produce. This equipment is easy to use and saves the farmers a lot of time. Farmers result in getting greater output by using equipment such as a tractor for transportation purposes. The equipment is also used for other agricultural purposes such as levelling, plowing, tilling, disking among others.
Increasing demand for tractors equipped with cutting-edge technology will result in increasing the farm equipment market value. Developing agricultural infrastructure in developing countries is the result of increased demand and adoption of farm equipment. Lack of agricultural labor and lack of labor at low costs paves the way for more opportunities for the farm equipment market. Regular schemes and support offered by the government for the growth of the agricultural sector is also a growth contributor.
High prices of farm equipment may prove to be a hindrance in the way of the growth of the market. Unpredictable weather may also fail the purposes of purchased farm equipment. So, one may in the future become hesitant to invest more in the same. Excessive use of farm equipment will reduce the requirement for labor. This will result in many of them turning jobless and make their survival difficult.
Farm Equipment Market - Regional Level Analysis
The countries covered in the farm equipment market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Farm Equipment Market - Share Analysis:
The farm equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to farm equipment market.
Key player - Farm Equipment Market
The major players covered in the farm equipment market report are
Alamo Group Inc.,
AGCO Corporation.
Argo Tractors S.p.A.
AMAZONEN-WERKE H. Dreyer GmbH & Co. KG
Bucher Industries AG
CLAAS KGaA mbH
CNH Industrial N.V.
daedong
Deere & Company
Escorts Limited.
ISEKI & CO., LTD.
KUBOTA Corporation
Kverneland AS
Mahindra & Mahindra Ltd.
Middle East and Africa (MEA) and South America separately.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Farm Equipment Market Share by Product & Procedure type
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