Current Business Affairs Global Agriculture Equipment Market 2018

Agriculture Equipment Market by Product, By Application and By
Region Forecast, 2017 – 2025
Market Definition:
The global agriculture equipment market was estimated as USD 140.4 Billion in 2016 and is expected to reach USD 233.4
Billion by 2025, growing significantly with a CAGR of over 5% during the forecast period. Increasing demand for food
supplies, growing adoption of modern technologies by farmers to upsurge farm yields and rising demand for organic
food stuffs are major factors driving growth of the market. Agriculture and farming are the major source of food
generation. Agriculture is the process of cultivating land to grow crops and plants to fulfill the food supplies. There are
vast developments in the field with respect to machineries, tools, farming techniques, soil types, fertilizers, etc.
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Market Analysis with Latest Growth Factors:
There are various types of equipment’s, from hand tools and power tools to tractors and other machineries for tilling the
ground, and for sowing the seeds. Agricultural equipment’s have witnessed a major evolution in few years. Earlier,
people used stone tools for farming and then shifted to iron tools and later on, semi-automated and automatic
machineries were adopted. Traditional tools are now being replaced with various new agricultural equipment’s, which
generally include crop processing equipment and drip irrigation equipment. The machines are combined with GPS
locators, self-steer platforms that allow the advanced tractors and implements to be precise and utilized proper fuel,
seed, or fertilizer and computer monitoring systems. Furthermore, driverless tractors, implying GPS maps and electronic
sensors are expected to be launched in the market over the forecast period. The key factors restraining the growth of
the agriculture equipment market are high agriculture machinery cost.
Major Key Players:
Major players in the global agricultural equipment market includes, AGCO Corp., CNH Industrial N.V., Iseki & Co., Ltd.,
Same Deutz-Fahr Group S.p.A. (SDF), J.C. Bamford Excavators Limited, Kubota Corporation, Mahindra & Mahindra
Limited, and Deere & Company, among all the others. John Deere, the UK based tractor manufacturing company, has
launched a new lawn tractor in September 20187 at Saltex-2017. This X940 series is suitable for a wide range of services
such as farming and other commercial purposes.
Market Segmentation:
The global agricultural equipment market is bifurcated on the basis of product, application and region. The agricultural
equipment industry, based on the product, is segmented as farm tractors, harvesting machinery, planting and fertilizing