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Global Agricultural Equipment Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022

The agricultural equipment market is expanding rapidly all across the globe owing to the automation of the farming segments and introduction of new innovative techniques in farming. Agricultural equipment is a kind of machine used for purpose of farming . It supplements the agricultural functions and agricultural activities thereby enhancing the output and quality of crops. Subsidies offered by the government in order to mechanize farming techniques and modernization in techniques of farming are stimulating the growth and expansion of the global agricultural equipment market.

In addition to this, growing population cross the globe is boosting the demand for food grains. Also increase in per capita intake of calories has resulted in enhanced stress on agriculture industry to produce more and take more crops or cereals. This has led to increase in demand for global agricultural equipment market.

Agricultural equipment comprises of broad range of tools and equipments that assist in different farming procedures in order to enhance the productivity and quality of the crops. Different devices used in agriculture or farming includes threshing machines , seed drillers, harvesters, ploughs, tractors, sprayers, transplanters, tillers, rotavators, balers and reapers. Tractors used in farms are the biggest and rapidly developing products section in the global agricultural equipment industry. The global agricultural equipment market is expanding at a rapid pace and it plays a significant part in the growth and development of the global economy.

Growing utilization of modern technology in agricultural equipment industry has resulted in reduction of farming costs. Further increased use of advanced farming techniques in the global agricultural equipment market along with large scale investment on research & development activities taking place in the agriculture sector plays a key part in the development and expansion of the worldwide agricultural equipment market sector.

The global agricultural equipment market is bifurcated into four market sections based on the geographical locations, namely, sub continent of North America, continent of Europe, APAC zone and region of Rest of the World.

APAC zone was the largest contributor of the global agricultural equipment market. India and China are the two rapidly expanding regions of this Asia Pacific Zone. The reason for the market growth of these regions can attributed to their growing population enhancing /increasing the demand of food in these regions. China alone contributes one third market share of the worldwide agricultural equipment market. The demand for agricultural/ farm harvesting equipment is rising in India as this equipment is efficient and produces large amount of food to meet the food requirements of this densely populated region.

In addition to this, emerging economies all across the globe get significant funds, loans, guidance and help from the government organizations as well as international organizations to improve their agricultural production by using advanced, automated and modern methods of farming. This assists in growth, development and expansion of agricultural equipment market globally.

Key firms functioning in the global agricultural equipment market includes:

  • CNH Global NV
  • GROUPE EXEL INDUSTRIES SA
  • Caterpillar Incorporated
  • AGCO Corporation
  • Alamo Group
  • Iseki & Company
  • John Deere
  • CLAAS KGAA MBH
  • MTD PRODUCTS AG
  • Bucher Industries
  • Daedong Industrial Company
  • Escorts Limited
  • Mitsubishi Heavy Industries
  • Kubota Corporation
  • Fiat SpA
  • Kverneland ASA
  • YTO Group
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