The 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.
Farm machinery includes a wide range of devices of varying sophistication, ranging from simple hand-held implements used since prehistoric times to modern mechanised agriculture's complex harvesters with a combine. Irrigation equipment is one of the most important agricultural tools. Farmers also commonly use soil cultivation implements and planting machines. It is a term used to describe the mechanical structures and devices used in farming and other forms of agriculture. Hand and power tools, as well as tractors and the numerous farm implements that they tow or operate, are examples of such equipment. The Agriculture Equipment Market is segmented by type, automation, and region.
Agriculture Equipment Market Report Scope and Research Methodology:
The report's goal is to present a comprehensive analysis of the Agriculture Equipment market that includes all industry stakeholders. The report analyses complicated data in simple language to present the past and current state of the Agriculture Equipment industry, as well as forecasted market size and trends. It examines all aspects of the Agriculture Equipment industry, with a focus on key players such as market leaders, followers, and new entrants. The Agriculture Equipment market report examines both external and internal factors that affect the business positively or negatively. By analysing market segments and forecasting market size, the report also aids in understanding Agriculture Equipment market dynamics and market structure. A clear representation of key players' competitive analysis the report serves as an investor's guide by type, price, financial position, raw material portfolio, growth strategies, and regional presence in the Agriculture Equipment market. The Agriculture Equipment Market report includes a PORTER, PESTLE analysis as well as the potential impact of market microeconomic factors.
Agriculture Equipment Market Overview:
Stellar Market Research, a leading market research firm, has released a competitive intelligence and market research report on the " Agriculture Equipment Market ". The report includes a detailed analysis of the dynamics and Agriculture Equipment market size by segment and region, which aids in understanding the market's future potential.
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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 Dynamics:
The global agriculture equipment sector is expected to grow as various farming processes such as ploughing, harrowing, planting, harvesting, and tilling become more automated. Farmers' reliance on agriculture equipment grows as the benefits of using mechanical equipment such as tractors, harvesters, and various attachments become more apparent. Another major factor driving the growth of the agriculture equipment market is the transition of agricultural activities from animal or manual processes to automated technologies.
Agriculture Equipment Market Segmentation:
The market is divided into four categories based on automation: manual, automatic, semi-automatic, and others. In 2020, the Manual segment held 45.1% of the market. 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. Aside from that, on the farm, human power is the primary source of operation for small implements and tools. Manual labor is also used for stationary tasks such as chaff cutting, lifting, water, threshing, and winnowing. An average man's maximum power for farm work is around 0.1 hp.
Tractors, Harvesters, Irrigation and Crop Processing, Hay and Forage Machines are the market segments by type. Harvesters held a 38.3% share of the agricultural equipment market in 2020. The modern combine harvester, also known as a combine, is versatile machinery that can efficiently harvest a wide variety of grain crops. The name derives from the fact that it combines four separate harvesting procedures into a single process: reaping, threshing, gathering, and winnowing. Weeds are successfully separated from grain by a combined harvester, resulting in cleaner grains. In less time, the farm could be prepared for the next crop. Farmers can reduce harvesting costs by cutting through winnowing. It reduces the need for human labor.
Agriculture Equipment Market Regional Insights
Each regional Agriculture Equipment market is extensively researched to determine its current and future growth prospects. This information assists clients in expanding their businesses. The market report covers all five regions as well as their country distribution. The report also includes information on their Agriculture Equipment market size and trends.
Key Questions answered in the Agriculture Equipment Market Report are:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to 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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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
Agriculture Equipment Market , Agriculture Equipment Market Size , Agriculture Equipment Market Share , Agriculture Equipment Market Growth , Agriculture Equipment Market Trends
Mar 21, 2023
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