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.
Agriculture Equipment Market Overview
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.
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Agriculture Equipment Market Scope
A comprehensive research report on the global Agriculture Equipment market is a focused research compilation of all factors that are considered critically for business growth. It includes all key factors such as valuable insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodologies. The report also helps in understanding dynamics and structure by analyzing the market segments and estimating the global Agriculture Equipment market size. The report provides a clear representation of the competitive analysis of market players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Agriculture Equipment market. The report provides a quantitative analysis of the current market and estimations through the forecast years that assist in identifying the prevailing market opportunities. The study uses research tools such as SWOT analysis and Porter’s Five Forces for the Agriculture Equipment market.
The market is divided into manual, automated, semi-automatic, and other categories based on automation. With a 45.1% market share in 2020, the Manual category led the industry. Agricultural activities frequently include manual material handling operations, such as lifting, lowering, dragging, pushing, and transporting heavy objects. These procedures can lead to musculoskeletal strains, falls, and spinal injuries, among other things. Aside from this, the main means of propulsion for tiny tools and implements on the farm is human force. Additionally, manual labour is employed for sedentary jobs like threshing, winnowing, lifting, chaff cutting, and watering.
Key Players: The following are the key players of the Agriculture Equipment Market-
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)
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Analysts at SMR evaluate competitive strengths and conduct competitive analyses for each competitor individually. Global, North America, Europe, Asia-Pacific, Middle East and Africa, and South American market share statistics have been provided individually.
Key Questions Answered in the Agriculture Equipment Market Report are:
- What is the current market status of the Agriculture Equipment industry?
- What are the key investment pockets in the Agriculture Equipment market with respect to product segments and geographies currently and during the projected period?
- Who are the global key players in the Agriculture Equipment market?
- Which region holds the maximum share in the global Agriculture Equipment market?
- Which segment accounts for the fastest CAGR in the Agriculture Equipment market during the forecast years?
- What are the key drivers of the Agriculture Equipment market?
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