Global Farm Equipment Market Size was valued nearly USD 105 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.9% during the forecast period, i.e. 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Farm equipment is used for the support in agriculture activities. Agriculture equipment consists of a wide-ranging equipment such as plough, tractors, harvesters and cultivation equipment. The equipment are selected on the basis of farming scale and environments, that are used by the agricultural workers across the regions and are deployed across an varied range of farm practices such as irrigation, planting, harvesting and others. Agriculture sector is growing rapidly due to increasing demand for high quality fruits, vegetables and food grains, in the market. Major players have been concentrating on high growth markets such as China and India, to obtain the benefits from increasing mechanization. Due to rising concern over food safety in the South-East Asian region, there has been and growing importance on crop processing equipment.

Market Dynamics

The key factors that are driving the farm equipment market are raising adoption of technology concentrated on agriculture equipment and accelerating the demand for food due to increasing population. Global market players are uninterruptedly launching new and innovative products in order to offer technologically advanced equipment and sustain their market position. Additionally raising demand for the high quality food grains fruits and vegetables is owing to the growth of farming sector. High cost of the farm based machineries is the key restraining factor for this market as the farmers can not afford to buy these costly equipment’s may hamper the market growth in the near future.

Segmental Analysis

The farm equipment market has been categorized into operation, technology and product. On the basis of operations the farm equipment market has be bifurcated into fully autonomous and partially autonomous. Product segment is divided into tractors, UAV drones and harvesters. Farm equipment market on the basis of technology is branched into hardware and software, according to insights and reports the hardware market is anticipated to lead the market share over the forecast period. The tractors segment is the key revenue contributor in farm equipment market, accounting for around 36% of the revenue in 2017, however the harvester segment is expected to experience a substantial growth during the forecast period 2018- 2025. Farmers are adopting technically advanced harvesting methods in order to increase production and to decrease the dependency on farm labors.

Regional Analysis

The global farm equipment market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America region is leading the Farm Equipment market in 2016. The key factors North America dominated the market in 2016 are, this is directly associated with the advanced technology and the machineries working with high efficiency and low fuel consumption, additionally lack of farm labor is another key factor that is driving the market in North America region.

Global Farm Equipment Market Size, Share Analysis By Region 2017

The robust economic growth in developing nations such as India, China, Japan, and the Middle Eastern countries are projected to further drive the farm machinery market. Asia Pacific region is anticipated to experience the fastest growth over the forecast period, due to the growing population and lack of productivity is the key growth factor in this region. Latin America and Africa held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years due to increasing demand for agriculture equipment and most economies dependency on agriculture sectors that is one of the reason will drive the regional growth and demand in coming years.

Global Farm Equipment Market Study Objective

1. To forecast the market size of farm equipment market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of farm equipment market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of farm equipment market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of farm equipment market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the farm equipment market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The key players in farm equipment market are Mahindra and Mahindra Ltd, Deere & Company, Agco Corporation, Ascorts Ltd CNH Industrial, CLAAS, Kubota, SPF Group, J C Bamford Excavator, and Iseki among other key players.

Global Farm Equipment Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.