Covid-19 Analysis on Powered Agriculture Equipment Market

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Covid-19 Analysis on Powered Agriculture
Equipment Market Research Report By Forecast 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023
Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023
Agriculture has moved away from the use of
traditional equipment to mechanization. This
assisted farmers in concentrating on yield
quality and less on laborious aspect of farming.
Powered agricultural equipment comprises
tractors, harvesters, combines, and trucks. The
global powered agricultural equipment market
report by Market Research Future (MRFR) consists
of the latest trends in farming and the need for
powered tools.
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Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Internet of
Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023

• The global Covid-19 Analysis on Powered
  Agriculture Equipment Market is anticipated to
  expand at 5.43 CAGR during the forecast period
  (2017-2023) owing to the massive demand for food,
  asserts MRFR.
• The growing worldwide populace is triggering the
  demand for food which in turn can spur the demand
  in powered agriculture equipment. Technological
  advances such as internet of things (IoT) and
  drones are expected to assist farmers in remotely
  controlling machines from afar. Investments in
  novel technologies coupled with new ways of
  farming such as hydroponics can work favorably
  for the market.
• On the flip side, lack of subsidies and schemes
  for replacing legacy equipment with new machinery
  can hamper market growth.

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Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023
Global Covid-19 Analysis on Powered Agriculture
Equipment Market Segmented on the basis of
The Covid-19 Analysis on Powered Agriculture
Equipment Market is segmented by type. By type,
it is segmented into seed drill, tractors, soil
preparation cultivation equipment, sprayer,
combine/combine harvester, and others. Among
these, tractors held 52.4 market share in 2016
valued at USD 36.37 billion. It accounted for
high sales owing to being used for transport of
produce and commercial purposes. Combine/combine
harvester held the second-largest share in 2016
due to multifold functions of threshing, reaping,
cleaning, and accumulating grains with ease. Soil
preparation cultivation equipment can display
5.59 CAGR during the assessment period due to
use of various tools such as rotary tiller,
plows, cultivators, and others.
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Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023
Global Covid-19 Analysis on Powered Agriculture
Equipment Market - Geographical Analysis
Geographically, the Covid-19 Analysis on Powered
Agriculture Equipment Market spans across regions
namely, North America, Europe, Asia Pacific, and
the Middle East and Africa. Among all the
regions, Asia Pacific is predicted to account for
33.47 share in 2016 with a market value of USD
23.3 billion. The region comprises more than 60
of the worlds population and is estimated to
increase in the future. Use of agricultural
machinery and equipment which can cater to
humongous need for foods in India and China can
drive the Covid-19 Analysis on Powered
Agriculture Equipment Market growth. The region
is backed by subsidies provided by state and the
central governments can work favorably for the
market. North America was the second largest
region with a value pegged at USD 20.2 billion in
2016. The region is host to countries such as the
United States which contribute to annual yields.
Furthermore, the country is one of the biggest
producers of soybean, corn, and maize which can
induce the demand for powerful mechanized farming
equipment. Self-guiding machines are expected to
be the next development in farming machinery
which can used in taking proactive and preventive
measures in farming.
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Covid-19 Analysis on Powered Agriculture
Equipment Market Forecast To 2023
Global Covid-19 Analysis on Powered Agriculture
Equipment Market - Competitive Analysis

• Key market players include AGCO Corporation
  (U.S.), Iseki Co. Ltd (Japan), John Deere Co.
  (U.S.), Escorts Group (India), CNH Industrial
  (U.K), Mahindra Mahindra Ltd (India), Alamo
  Group Inc. (U.S.), SDF S.P.A. (Italy), CLAAS
  Group (Germany), and Kubota Corporation (Japan).
• Industry News
• Feb 2019 John Deere, one of the biggest names
  in farming equipment, has launched its latest
  tractor, GridCON which foregoes the use of a
  battery and relies on a power extension cord for
  running at close to 400 horsepower. Research
  engineers at the company have decided to lower
  the vehicle weight further to enhance its
  efficiency.

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