Global Farm Equipment Market Analysis | 2020 | Industryarc

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FARM EQUIPMENT MARKET
By Type (Tractors, Combine harvester, Thresher,
Rotavetor, Power Tiller, Irrigation Equipment,
Spraying equipment, Planting Equipment, Others)
By Phase (Land development, Sowing and planting,
Cultivation, Harvesting and Threshing, Post
harvesting) By Geography (N.A, Europe, APAC,
RoW) (2014-2020)
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SCOPE OF THE REPORT
Farm equipment, also referred as agricultural
equipment, encompasses machineries that are used
for the production of crops and agricultural
livestock. Global farm equipment market hosts a
wide variety of machineries that cater to the
needs of agricultural workers of different
regions. Farm equipment market report provides a
detailed analysis on the industry by type, by
farming phase and by region.
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Tables, 11 Figures click the link below
EXECUTIVE SUMMARY
The farm equipment report is segmented based on
type, phase and region. On the basis of types of
farm equipment the market is segmented into
tractor, tillage equipment, planting equipment,
plant protection equipment, irrigation equipment,
combine harvesters, threshers, hay and forage
equipment, crop processing equipment and others.
Based on the different phases of farming the
report is segmented into land development, sowing
and planting, cultivation, harvesting and
threshing and post-harvesting.
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GLOBAL FARM EQUIPMENT MARKET, BY REGION, 2014 ()
Source IndustryARC Analysis, Expert Insights
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KEY INSIGHTS

• Farm equipment market is growing very rapidly
  with increasing demand for produce and increasing
  mechanized farming
• The revenue market is estimated to exhibit a
  faster growth as compared to shipments growth
• Tractors are the most dominant product type in
  the farm equipment market
• Asia-Pacific is the dominant region by shipments
  and exhibiting the speedy growth due to the fast
  growing countries such as China and India
• China to overtake the U.S. in terms of production
  and sales of farm equipment by 2017
• The farm equipment market is expected to grow at
  a CAGR of 7.5 from 2014-2020
• Asia Pacific and North America are said be
  growing the fastest regional markets, where as
  Europe and ROW are expected to grow at a lesser
  rate than the former two
• In developing countries such as India and Brazil
  the adoption of the farm equipment in increasing
  at a significant rate
• The U.S., China and India are to be witnessed as
  the fastest and steadiest growing markets which
  constitute a high share in the farm equipment
  market.
• The driving demand for the farm equipment market
  is the increase in the global population,
  increase in the mechanization of the farm
  equipment and reduced labour availability. 

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