Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Agriculture Equipment Market_Written by Tri | Page 2

demand for food produce. With the expanded government subsidies towards mechanization and shortage
of labor, the segment is likely to foster.
By mode of function, the global agriculture equipment market has been segmented into planting &
fertilizing, plowing & cultivation, harvesting, haying, and others. Among these, the harvesting machinery
is likely to dominate the global market as it minimizes the dependence on labor, helps break up the soil
efficiently, and enables to meet the increasing demand of the urban dwellers.
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Regional Insights
Geographically, the agricultural equipment market spans across regions namely, Europe, North America,
Asia Pacific, and Rest-of-the-World.
Among all the regions, Asia Pacific is considered to lead the global market owing to the increasing demand
for food in developing economies such as India and China. High adoption of technologically advanced
devices owing to the supportive initiatives by the government along with farmer awareness program is
predicted to drive the global market in this region.
The North American region is presumed to expand steadily during the review period and is considered to
maintain its dominance. The growth is attributed to the rapid technological development along with the
increasing population. There also has been increasing use of advanced agricultural equipment for time-
saving, reliable, and effective production, which is further driving the market in this region.
The European region is expected to register a significant growth rate due to the rapid introduction of
advanced equipment such as multi-purpose tractors. For instance, SIWI Agriculture Ltd. in June 2018 had
developed an automatic hitch system to boost productivity and promote safety on farms.
Industry Updates
October 29, 2018: The Shanghai Facilities and Agricultural Equipment Association will bring its members
to participate in the 2nd HORTI CHINA which will be held at the Shanghai National Exhibition & Convention
Center. The total exhibition area of HORTI CHINA is estimated to be around 27,000 square meters.
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