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    Agriculture Equipment Market | Covid-19 Impact Analysis

    Agriculture Equipment Market | Covid-19 Impact Analysis

    Agriculture Equipment Market | Covid-19 Impact Analysis
    Report code - SRCG157 Delivery - 2 Weeks
    Agriculture Equipment Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Agriculture Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Agriculture Equipment Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Agriculture Equipment Market Insights

    Agriculture Equipment market is likely to witness a CAGR of 6.3% during the forecast period. The prime factors that are driving the agriculture equipment market are expanding global economy, growing disposable income of consumers, increasing demand for processed foods, packaged foods, and meats.

    Agriculture Equipment Market – Snapshot

    Growth

    6.3% for the next five years

    Major Product Type

    Farm Tractor

    Region with the highest demand

    Asia-Pacific

    Key Players

    AGCO Corporation, Alamo Group Inc., Amazonen-Werke H. Dreyer GmbH & Company KG, ARGO SpA, Bucher Industries AG, Changzhou Dongfeng Agricultural Machinery Group Company Limited, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Escorts Limited, Iseki & Co. Ltd., J C Bamford Excavators Ltd. (JCB), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), Valmont Industries, Inc., Yanmar Co. Ltd., Zetor Tractors A.S.

     

    Market Share Analysis

    Agriculture-Equipment-Market-Dominant-Segments

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    Agriculture Equipment Market Share: By Product Type

    Based on the product type, the market is segmented as farm tractors, harvesting machinery, plowing & cultivation machinery, planting & fertilizing machinery, haying machinery, and others. The farm tractors’ segment dominated the market in 2019, and is expected to maintain its position during the forecast period, owing to its wide range of usage in agricultural activities. Farm tractors are further segmented by product type into sub-compact utility tractor, compact utility tractor, and specialty tractor. Further, based on horsepower; farm tractors are segmented into <30 HP, 30-100 HP, 101-200 HP, and >200 HP.

    Agriculture Equipment Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market for agriculture equipment during the forecast period. Significant economic development in the region, growing disposable income of consumers, and huge consumer base are the major features of the Asia-Pacific’s market. Rising demand for processed and packaged food, changing lifestyle, and surge in demand for meat products are the major factors driving the growth of the Asia-Pacific region in the agriculture equipment market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Agriculture-Equipment-Market-By-Region

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    Some of the major suppliers of agriculture equipment are AGCO Corporation, Alamo Group Inc., Amazonen-Werke H. Dreyer GmbH & Company KG, ARGO SpA, Bucher Industries AG, Changzhou Dongfeng Agricultural Machinery Group Company Limited, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Escorts Limited, Iseki & Co. Ltd., J C Bamford Excavators Ltd. (JCB), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), Valmont Industries, Inc., Yanmar Co. Ltd., Zetor Tractors A.S.

     

    Market Scope & Segmentation

    Agriculture equipment are machines and systems used to efficiently handle all kinds of farming, agriculture, and operational needs. Agriculture equipment can be broadly categorized based on product type into farm tractors, harvesting machinery, plowing & cultivation machinery, planting & fertilizing machinery, haying machinery, and others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Agriculture Equipment Market Research Report - Features

    Market Segmentation

    2

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

    The agriculture equipment market is segmented into the following categories. 

    Agriculture Equipment Market Size, Share, & Forecast, by Product Type:

    • Farm Tractors
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Product Type Analysis (Sub-compact Utility Tractor, Comact Utility Tractor, and Specialty Tractor)
      • Horse Power Type Analysis (<30 HP, 30-100 HP, 101-200 HP, and >200 HP)
    • Harvesting Machinery
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Product Type Analysis (Combine Harvester, Forage Harvester, Thresher, and Reaper)
    • Plowing & Cultivation Machinery
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Product Type Analysis (Ploughs, Harrows, and Cultivators & Tillers)
    • Planting & Fertilizing Machinery
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Product Type Analysis (Seed Drills, Planters, Spreaders, and Sprayers)
    • Haying Machinery
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Product Type Analysis (Balers, Mowers-Conditioners, and Tedders & Rakes)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Agriculture Equipment Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Agriculture-Equipment-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by region.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Agriculture Equipment Market in the foreseeable future?

    The agriculture equipment market is expected to witness an impressive growth of 6.3% CAGR in the foreseeable future.

    Who are the key players in the Agriculture Equipment Market?

    AGCO Corporation, Alamo Group Inc., Amazonen-Werke H. Dreyer GmbH & Company KG, ARGO SpA, Bucher Industries AG, Changzhou Dongfeng Agricultural Machinery Group Company Limited, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Escorts Limited, Iseki & Co. Ltd., J C Bamford Excavators Ltd. (JCB), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), Valmont Industries, Inc., Yanmar Co. Ltd., Zetor Tractors A.S. are among the key players in the agriculture equipment market.

    Which country/region is expected to be the largest Agriculture Equipment Market?

    Asia-pacific is expected to be the largest agriculture equipment market during the next five years.

    Which product type is expected to remain dominant in the Agriculture Equipment Market?

    The farm tractors segment is expected to remain dominant agriculture equipment market in the coming years.

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