Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Agriculture Equipment Market_Written by Rin | страница 3

Regional Analysis:
By regions, the global agricultural equipment market spans across North- America, Europe, and
Asia- Pacific (APAC), and Rest-of-the-World (RoW).
MRFR analyzes that the Asia- Pacific region will lead the agriculture equipment market by 2022
due to growing demand for food in developing countries, namely China and India. This will can
increase lead to a spike in demand for agricultural machinery, leading to increased production of
crops. There will be an inevitable increase in need of for agricultural equipment in the region due
to these factors. Continuous adoption of technical technologically advanced agriculture
equipmentdevices due to supportive initiatives by various governments in the area andcoupled
enhancement inwith farmer awareness programs can drive the APAC agriculture equipment
market constantly. EAlso, in countries like India, emergence of vast number of startups has been
noted in India can bode well for the market. For instance, Agribolo, was founded in 2015 in
Rajasthan, which is a farming services platform including activities such aswith services such as
information dissemination, quality input procurement, market linkages, irrigation facilities, and
farming equipment.
With rapid technological development coupled with growing population, the North America
agricultural equipment market is set to grow steadily during the forecast period. Moreover, there
has been increase in use of advanced agricultural equipment for more effective, reliable and
time-saving production in countries like such as the United States (U.S.) and Canada.
The increasing adoption of mechanization in agriculture sector will bolster the growth of
agriculture equipment market in Europe. Also, rRapid introduction of advanced agricultural
equipment in Europe can augments bolster the market growth in this region. Introduction of
advanced equipment such as multi-purpose tractors will fuel the demand for agricultural
equipment in Europe, thus positively impacting the market growth. For instance, in June 2018,
SIWI Agriculture Ltd. based in Europe has developed an automated hitch system to boost
agricultural productivity and promote safety on farms. This system enables the tractor driver to
remain in his seating position on the tractor, instead of manually coupling and uncoupling
between the implement, carriage, and the tractor.
Competitive Dashboard
The global agricultural equipment market is highly competitive due to a vast consumer base and
presence of well-diversified international, regional, and local players. Growing need for adoption
advanced of existing technology and further investment on technological upgrades to increase
yield per hectare can attracts more players in the market. Numerous mergers & acquisitions and
other business strategies conducted by market players augment their market share.
Roots Sustainable Agricultural Technologies Ltd., has ventured into the agricultural tech section
and will supply its Root root Zone zone Temperature temperature Optimization optimization
(RZTO) plant growth technology to the US cannabis market. A pilot program will be conducted
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Commented [VM1]: Please do not hyphenate Asia Pacific
or North America in any future PRs
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