machinery , plowing and cultivation machinery , haying machinery and others which include parts , attachments , etc . Farm tractors are anticipated to account for the largest market share owing to the multi-purpose utilization of farm tractors . The farm tractors are very useful for agricultural as well as non-agricultural purpose ; they are utilized as agricultural equipment and for other transport and commercial purposes .
Based on the applications , the agricultural equipment industry is segmented into land development & seed bed preparation , sowing & planting , weeds cultivation , plant protection , harvesting & threshing and post-harvest & agro processing . Land development & seed bed preparation is projected to acquire the highest market share in 2016 . However , harvesting & threshing segment is anticipated to witness the fastest growth over the forecast period . The major reason behind the growth of this market is scarcity of labor , as people are opting for other jobs , instead of field work .
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Region Analysis :
Geographically , the agricultural equipment market is bifurcated into North America , Europe , Asia Pacific , Middle East and Africa and Latin America . Among these regions , Europe is anticipated to dominate the market , in terms of revenue . However , Asia Pacific is expected to be the fastest growing market , owing to the rising demands of food supply due to increasing population and the climatic conditions are favorable for agriculture . Moreover , in several countries , government is providing enormous support to farmers to initiate modern farming techniques by helping them to purchase agricultural equipment ’ s at less cost or by taking loans . For example , in India , the Rashtriya Krishi Vikas Yojana supports farmers for buying tractors and other equipment ’ s at subsidized rates . In European and American countries , government is taking the initiative to educate farmers and provide assistances for using various agricultural techniques and equipment ’ s to increase the efficiency and yield . All these factors are generating a huge demand for agricultural equipment ’ s .
Major Points from Table of content :
• Executive Summary
• Research Methodology
• Market Dynamics
• Industry Overview
• Global Agriculture Equipment Market , By Product ( 2017-2025 )
• Global Agriculture Equipment Market , By Regions ( 2017-2025 )
• Market Competition Analysis
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