Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Powered Agriculture Equipment Market Research Repo

Powered Agriculture Equipment Market 2018
Powered Agriculture Equipment Market Share, Size, Trends, And Business Opportunity Analysis
Report 2018 include historic data, with forecast data to 2023. Powered Agriculture Equipment
Market report is helpful for future strategy development, and to know about Market Drivers,
Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to
2023
Global Powered Agriculture Equipment Market Information Report by Product Type (Tractors,
Combine/Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill,
Others), and by Region - Global Forecast To 2023
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Market Scenario
Agricultural equipment and tools play a vital role in various functions according to consumer
needs. Powered agriculture equipment replace traditional methods due to highly innovated and
advanced products.
Based on product type, powered agriculture equipment market has been divided as tractors,
combine/combine harvester, sprayer, soil preparation & cultivation equipment, seed drill and
others. Tractors segment accounted for the largest market share of 52.4% in 2016, with a
market value of USD 36.37 billion. Tractors are essential in the agriculture industry and they are
the highest volume segment in the market. The high sales of tractors can be attributed to their
multifunction. This is because they are usable as agricultural equipment in monsoons and for
other transport and commercial purposes. India is the leading tractor market, globally, followed
by China and USA.
Combine harvesters was the second-largest market in 2016, valued at USD 9.5 Billion in 2016.
Combine harvester is among the most expensive agricultural equipment in the market. It
combines the process of reaping, threshing, and cleaning grains, and collecting them in a grain
tank fitted in the machinery. Soil preparation & cultivation equipment segment is projected to
grow at the highest CAGR of 5.59%. There are different equipment to be used for soil
preparation and cultivation such as cultivator, plow, rotary tiller, and others. Sprayers are
significant in agriculture process as they help in proper and timely application of herbicides,
pesticides, fungicides and other products used for crop protection. The Crop Protection
Products (CPP) are applied to the crops through sprays and are necessary for the better yields.
Thus, powered agriculture equipment are of great use in such applications.