Uploaded on Apr 9, 2022
Global Agriculture Equipment Market size is projected to be valued $266 Billion by 2024; with a CAGR of 5.5% from 2017 to 2025. Agriculture equipment is used for faster and efficient cultivation process. Major agriculture equipment such as irrigation equipment, agriculture spraying equipment, tractors, and harvesters among others have gained wide popularity in the market. Various support schemes such as, National Horticulture Mission and National Food Security Mission provided by the government and Department of Agriculture and Cooperation also drives the agriculture equipment market.
Agriculture Equipment Market
Agriculture
Glo baEl Agricuqlture uEquipimepnt Mamrket size eis pronjectedt to
be valMued $26a6 Billiron bky 202e4; with a CAGR of 5.5% from 2017 to 2025. t
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Market
Size
Global Agriculture Equipment Market size is projected to be valued $266 Billion by 2024; with a CAGR
of 5.5% from 2017 to 2025. Agriculture equipment is used for faster and efficient cultivation process.
Major agriculture equipment such as irrigation equipment, agriculture spraying equipment, tractors, and
harvesters among others have gained wide popularity in the market. Various support schemes such
as, National Horticulture Mission and National Food Security Mission provided by the government and
Department of Agriculture and Cooperation also drives the agriculture equipment market.
Economic stability, rise in population, and adoption of advanced farming technique are the major
factors driving the global agriculture equipment market. However, lack of proper knowledge about
effective agricultural equipment among farmers may act as a restraint for the market. Several schemes
provided by the government in order to increase agricultural productivity would provide several growth
opportunities for the market in the coming years.
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Global Agriculture Equipment Market Size
and Forecast, 2016-2025 ($ Billions)
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Global Agriculture Equipment Market
Regional Revenue % (2017 vs 2025
The global agriculture equipment market has been segmented on the
basis of product type and geography. By product type, the market is
further segmented into harvesters, tractors, soil preparation &
cultivation equipment, irrigation & crop processing equipment, hay
and forage equipment, agriculture spraying equipment, and others.
Based on geography, the global agriculture equipment market has
been segmented into North America, Europe, Asia-Pacific and
(RoW). The U.S., Mexico and Canada are covered under North
America wherein Europe covers UK, France, Germany, and others.
Asia-Pacific covers China, India, Japan, and others. Rest of the
World (RoW) covers South America, Middle East and Africa.
Major companies operating in the agriculture equipment market are
Mahindra Group, AGCO Corporation, Concern Tractor Plants,
Escorts Limited, Valmont Industries Incorporated., Weifang Euroking
Machinery, Deere & Company, Agrostroj Pelhrimov a.s, Same Deutz-
Fahr Group, and China National Machinery Industry Corporation,
among others.
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The Report
Covers
• The detailed analysis of Agriculture Equipment Market with respect to key segments such
as product type and geography has been included in the report
• The report comprises the qualitative and quantitative analysis of the market with market
estimation over 2016 – 2025 and CAGR between 2017 and 2025
• Comprehensive analysis of market dynamics including growth factors, restraining factors
and opportunities will be provided in the report
• An exhaustive regional and country wise analysis of Agriculture Equipment Market has been
covered in the report
• Profile of the major key players operating in the Agriculture Equipment Market will be
provided, with detailed study on their key financials, product & services, new developments
and business strategies
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Scope of the Global Agriculture Equipment Market
Product Type Segments
• Harvesters
• Tractors
• Soil preparation & cultivation equipment
• Irrigation & crop processing equipment
• Hay and forage equipment
• Agriculture spraying equipment
• Others
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Geography Segments
North America Asia-Pacific
• U.S. • China
• Canada • Japan
•
• Mexico India
• Others
Europe RoW
• UK • South America
• Middle East
• Germany • Africa
• France
• Others
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Global Agriculture Equipment Market
Primary Interviews, by Geography
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