Farm Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026 Adoption of advanced farming machinery over traditional labour-intensive farming is viewed as one of the important solutions to meet the elevated requirement for food products. To enhance crop quality along with overcoming labour shortage by employing autonomous tractors, fertilizer sprayers, ground-based sensors and drones are soon becoming a favoured practice globally. Automated robotic machinery easily carries out farming activities like sowing, pulling heavy loads, ploughing and irrigation withstanding harsh weather and topography conditions. Improved financial aids from global agriculture finance institutions and government aids to train farmers are instrumental in the deployment of farm equipment at the grass root level. The global farm equipment market is predicted to value over US$ 133 billion by 2026 end, registering a CAGR of 3.4% during a 2019-2026 tenure. Key Farm Equipment Market Restraints • Low adoption rate due to the high cost of farm equipment in emerging nations • Lack of technological knowledge among older farming population in developing countries Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=168&page=requestsample Global Farm Equipment Market, by Tractor Power Output + <30 + 31–70 + 71–130 + 131–250 + >250 + <30 horsepower tractors are estimated to be in high demand in the large agricultural nations like India, China, Canada and America especially in farming cash crops like strawberry and grapes. This segment is projected to hold the largest market volume in coming years. Global Farm Equipment Market, by Drive + Two wheel drive (2WD) + Four wheel drive (4WD) + Autonomous John Deere sources reported high sales of small tractors or two-wheel drive in North America and this segment is projected to be the largest among global farm equipment market by drive type segmentation. Global Farm Equipment Market, by Equipment Type + Combines + Baler + Sprayer Global Farm Equipment Market, by Application + Plow & Cultivate + Sow & Planting + Harvesting + Plant Protection & Fertilizing Ploughing and cultivating segment holds major application segmentation in the farm equipment market. Soil fertility level improvement to maintain productivity is the prime need that is estimated to promote further growth of the segment in future. Global Farm Equipment Market, by Region + North America + Latin America + Europe + Asia Pacific + Rest of the World A strong presence of farm equipment manufacturers and large farming areas in North America facilitate strong growth opportunities of the farm equipment market. Progressive economic growth exhibited in the APAC region particularly in India, China and Japan are projected to promote the fastest market growth in this region. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=168&page=askfordiscount Competitive Landscape: + Tier 1 players- established companies in the market with a major market share + Tier 2 players + Emerging players which are growing rapidly + New Entrants FutureWise Key Takeaways + Growth prospects + SWOT analysis + Key trends + Key data-points affecting market growth Objectives of the Study: + To provide an exhaustive analysis of the global farm equipment market on the basis of tractor power output, equipment type, by application, and regions + To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) + To evaluate and forecast micro-markets and the overall market + To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East + To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions + Profiling of companies to evaluate their market shares, strategies, financials and core competencies Table of Contents Introduction Objectives Market Definition Research Methodology Research Data Secondary Data Market Size Estimation Executive Summary Premium Insights Market Overview Introduction Market Dynamics Drivers Restraints Opportunities Challenges Industry Trends Introduction Global Crop Production Farm Equipment Market Trends: Indian Tractors Farm Equipment Market Share: Indian Farm Tractors India: Key Industry Trends Tractor Sales, By States, 2018 vs 2019 Revenue Impact and Growth Farm Tractor Market, By Power Output Introduction <30 hp 31–70 hp 71–130 hp 131–250 hp >250 hp >250 hp Tractors are Essential in Organized Farming Activities Farm Tractor Market, By Drive Type Introduction Two-Wheel Drive Four-Wheel Drive Autonomous Tractor Market, By Power Output Introduction <30 hp 31–100 hp >100 hp Farm Equipment Market, By Equipment Type Introduction Combines Crop 1. Balers 2. Sprayers Implement Market, By Function Plowing & Cultivating Sowing & Planting Plant Protection & Fertilizing Harvesting & Threshing Others Farm Equipment Rental Market, By Type Introduction Tractors Combines Others Farm Tractor Market, By Region Asia Oceania Australia China India Japan South Korea Asia Oceania Others Europe France Germany Italy Poland Russia Spain Turkey UK Europe Others North America Canada Mexico RoW Argentina Brazil RoW Others Competitive Landscape Overview Farm Equipment Market: Market Share Analysis Competitive Leadership Mapping Company Profiles John Deere CNH Industrial Mahindra & Mahindra AGCO Corporation Kubota Corporation Claas KGaA Iseki & Co. JCB SDF Group Yanmar Inquire further details about this report at: sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: sales@futurewiseresearch.com Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
Adoption of advanced farming machinery over traditional labour-intensive farming is viewed as one of the important solutions to meet the elevated requirement for food products. To enhance crop quality along with overcoming labour shortage by employing autonomous tractors, fertilizer sprayers, ground-based sensors and drones are soon becoming a favoured practice globally.
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