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Description
Market Dynamics: Agricultural Machinery Market
Agriculture machinery market is driven by decreased agriculture workforce coupled with increased automation in agriculture. Rapid rise in population pool enables spur aggressive need of food across the globe, and creates demand agriculture machinery. Favorable government policies to support the farmers by providing advanced agriculture equipment are expected to drive the market. Furthermore, rise in technological advancements in agriculture equipment, increase in demand for pre-owned agriculture equipment and machinery propels the market growth for agricultural machinery. However, lack of skilled professionals, high cost of machinery will hamper the growth of market.
Market Scope: Agricultural Machinery Market
The market is segmented on the basis of Category, Type of Machinery, Application, Type of Crop and Geographical Regions.
Based on the Category, the market is segmented into the following
- Hand Tools
- Power Tools
Based on the Type of Machinery, the market is segmented into the following
- Tractors
- Cultivation Machinery
- Ploughing Machinery
- Manure Spreaders
- Irrigation Systems
- Sorters
- Harvesting Machinery
- Others
Based on the Application, the market is segmented into the following
- Cultivation
- Planting
- Fertilizing and Pest control
- Irrigation
- Harvesting
- Hay Making
- Others
Based on the Type of Crop, the market is segmented into the following
- Forage Crops
- Grains and Cereals
- Vegetable and Fruits
- Others
Regional Analysis:
Agricultural machinery market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is witnessed to dominate revenue share of agricultural machinery market, owing to huge population and high dependence on agriculture economy, growing disposable income, governments focused on affordable ways for high agriculture production. North America is anticipated to show significant growth followed by Europe due to high adoption of technological advancements, growing demand for the agriculture machinery and equipment.
Competition Assessment
- CLAAS (Germany)
- Deere & Company (U.S.)
- CNH Industrial (UK)
- Bernard Krone Holding SE & Co. KG (Germany)
- Agrostroj Pelhrimov A.S. (Czech Republic)
- AGCO (U.S)
- Mahindra Group (India)
- Valmont Industries Incorporated (U.S.)
- China National Machinery Industry Corporation (China)
- Concern Tractor Plants (Russia)
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Location
GEOGRAPHY
