Agricultural Machinery Market Worth Over $170 Billion in 2019
Global Agriculture Machinery Market: Demand Analysis and Growth Forecast
According to a recent business publication by IndustryARC the global Agriculture Machinery Market size was around $170 billion – $175 billion in 2018, and its value is projected to grow at a CAGR of less than 6% during the forecast period 2019-2025. This information is presented in a new market research report from IndustryARC, titled: “Agricultural Machinery Market: By automation (Fully-automatic, semi-automatic, manual); By Type of material ( Structured steel, alloyed steel , cast materials, light alloy, wearing materials, structured material, aluminum, iron, glass, others); By Type (Tractor, soil cultivation, planting, irrigation, fertilization, harvesting, hay making, loader, agriculture robots, others); By Geography – Forecast (2019 – 2025).”
Agricultural machinery is a machinery which is predominantly used in both organic and inorganic farming. Farm implements, hand tools, power tools, haying and forage equipment, irrigation machinery and tractors are majorly used equipment in the agriculture industry. Modern mechanized agriculture deals with starting from small hand-held implements to complex harvesters. Agricultural threshing machine reduces the time taken by a farmer in threshing grains and need of labor to produce cleaner agricultural products. Small and lighter machinery is widely used in agriculture fields to reduce soil erosion and also to improve the soil compactness.
Global Agriculture Machinery Market: Leading Segments
Irrigation application holds a major share in the Agriculture Machinery Market and is estimated to grow at a healthy CAGR of nearly 10% over the forecast period 2019-2025. Advancements in smart irrigation machinery coupled with the on-farm sensor technologies, satellite vegetation imagery, and weather forecasting offers massive sources of big data for farmers to augment the use of inadequate water resources in developing crop yields with improved profits. On the basis of geographical analysis provided in the IndustryARC market research report, APAC region held a major share of around 40% – 45% among other regions of the Agriculture Machinery Market for the year 2018. Increasing government regulations and government assistance programs to modernize the agriculture process are rising the demand for agricultural machinery in Asian Countries such as Indonesia, China, India, and Japan. Established footprints of major agriculture machinery manufacturers in this region are retaining APAC to be the dominating region through to 2025.
Global Agriculture Machinery Market Trends
Emerging agriculture technologies to enhance the productivity of agricultural inputs and farming methods
Increasing usage of agricultural implements such as disc harrows, field cultivators, utility and turf, agricultural machinery used in the production of grains and oilseed crops, and also their utilization in livestock operations are majorly contributing for the growth of agricultural machinery market
According to the American equipment manufacturers, 4WD tractor sales gained 38.2% in January 2019 compared to 2018 in the U.S. Innovative green tractors are in progress to meet the requirements of livestock farmers and hay producers by 2020.
Automated self-driving technology is fuelling the agriculture technology revolution and increasing investments in technology related to fertilizer application, precision planting, spraying, and irrigation are driving the growth of the agricultural machinery market
Global Agriculture Machinery Market: Competitive Landscape
Some of the major companies identified in the report that are currently holding majority shares in the global Agriculture Machinery Market are AGCO, John Deere, CLAAS, Massey Ferguson, Argo Group, Mahindra and Mahindra, Hunter Industries, Toro Corp., Jain Irrigation, Bucher Industries, CNH Industrial, Kvernerland Group, SDF Group, Kubota, Lindsay Corp.
View Full Table of Contents of Agriculture Machinery Market:
https://industryarc.com/Report/18653/agricultural-machinery-market.html
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B. Farm Equipment Market
https://industryarc.com/Report/169/Global-Farm-Equipment-Market-Research-Report.html
What can you expect from the report?
The Agriculture Machinery Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Agriculture Machinery Market Size by Product Categories & Application
2. Agriculture Machinery Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Agriculture Machinery Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Agriculture Machinery Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Agriculture Machinery Market Strategic Analysis
18. Agriculture Machinery Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Agriculture Machinery Market Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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