The Agriculture Equipment Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
Major Players are:
Deere & Company (United States),Mahindra GroupÂ (India),AGCO Corporation (United States),Agrostroj Pelhrimov A.sÂ (Czechia),Concern Tractor PlantsÂ (Russia),Escorts LimitedÂ (India),CNH Industrial (United Kingdom) ,CLAAS (Germany),Kubota (Japan),SPF Group (Italy)
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Agriculture equipment is refer as the equipment which is used for agricultural process. This are also called as farm equipment. It enable easy farming, it makes the process simpler and more profitable by enhancing crop quality and reducing labor cost required for farming.
CNH Industrial entered into the strategic digital agriculture agreement with Farmers Edge. Through this agreement, customers will get access to FarmCommand, a unique platform that interfaces with the brandâ€™s existing precision farming portals and further extends the range of planning, analysis, execution and agronomic decision-making information available to them.
The titled segments and sub-section of the market are illuminated below:
Type (Agriculture TractorsÂ , HarvestersÂ , Soil Preparation & Cultivation EquipmentÂ , Irrigation & Crop Processing EquipmentÂ , Agriculture Spraying EquipmentÂ , Hay & Forage EquipmentÂ , Other Agriculture Equipment), Application (FarmingÂ , Animal HusbandryÂ , Forestry IndustryÂ , Fishery IndustryÂ ), Buying (Rented, Purchase)
Rise in startups offering farm equipment on rent
Growing inclination for farm equipment with innovative features
Rising demand for productivity of various food products is driving the market growth. There has been rising import and export facility of cereals which is directly affecting the market status of agricultural equipment.
Years considered for this report:
- Historical Years: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2026
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What benefits does AMA research study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
What are the market factors that are explained in the Agriculture Equipment Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Key Questions Answered in the Report:
- How much is the Agriculture Equipment MarketWorth?
- What is the Growth Rate of the Agriculture Equipment Market?
- Which Segment ofthe Agriculture Equipment to Hold the Highest Market Share?
- Which Segment ofthe Agriculture Equipment Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Agriculture Equipment Market?
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