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Agriculture Equipment Market all set to Rise with a Steady Growth

Increased adoption of mechanized equipment in agricultural countries, such as India and China, has supplemented the market growth in Asia-Pacific region, which is expected to dominate the market throughout the analysis period. Southeast Asia is the leading rice exporter in the world, thus fueling the demand for agriculture equipment. North America and Europe are likely to exhibit relatively slow growth in the future, owing to huge mechanization in agriculture industry in the region.

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Agriculture Equipment Market all set to Rise with a Steady Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Agriculture Equipment Market Global Opportunity Analysis and Industry Forecast, 2015-2022

  2. Introduction • The global Agriculture Equipment Marketis expected to garner $243.5 billion by 2022, registering a CAGR of 5.9% during the period 2016-2022.  • Increased adoption of mechanized equipment in agricultural countries, such as India and China, has supplemented the market growth in Asia-Pacific region, which is expected to dominate the market throughout the analysis period.  • Harvesters is the second largest product category in terms of revenue generation. • Asia-Pacific generated the highest revenue, accounting for around 40% share in the overall agriculture equipment market, followed by North America and Europe. • Soil preparation and cultivation equipment are also expected to witness notable growth, driven by the government initiatives to increase farm production and to make the soil preparation and cultivating process faster and efficient.

  3. Key Factors of the Market • Major factors that drive the growth of the agriculture equipment market are increasing adoption of technology driven agriculture equipment and escalating demand for food due to growing population. • Global market players are continuously launching new and innovative products to sustain their market position and offer technologically advanced equipment. • Southeast Asia is the leading rice exporter in the world, thus fueling the demand for agriculture equipment. • Factors that foster the growth of the market are increased mechanization of agricultural activities, economic stability, and increasing demand for food owing to the growing population.

  4. Get PDF Brochure of this market study @ https://www.alliedmarketresearch.com/request-sample/1509

  5. Key Benefits of the Market • The global agriculture equipment market is expected to exhibit a notable growth during the forecast period owing to the rising demand for food and increasing mechanization in agriculture. • In the year 2015, tractors accounted for around 34% share in the overall agriculture equipment market revenue. • The harvester segment is expected to be the fastest growing segment during the forecast period. • Asia-Pacific is estimated to witness significant growth, growing at a CAGR of 7.6% from 2016 to 2022. • China is likely to register a higher growth with a CAGR of 8.5% over the analysis period.

  6. Market Segmentation • By Product: • Agriculture tractors • Harvesters • Soil preparation & cultivation equipment • Irrigation & crop processing equipment • Agriculture spraying equipment • Hay & forage equipment • Other agriculture equipment • By Geography: • North America • Europe • Asia-Pacific • LAMEA

  7. Key Players of the Market • Deere & Company • Mahindra Group • AGCO Corporation • AgrostrojPelhrimov A.s • Concern Tractor Plants • Escorts Limited • China National Machinery Industry Corporation • Valmont Industries Incorporated. • Weifang Euroking Machinery • Same Deutz-Fahr Group (SDF) • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/1509

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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