Agriculture Equipment Market share by applications and regions for 2018- 2024

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Agriculture Equipment Market growth outlook with
industry review and forecasts 2018-2024 Global
Market Insights, Inc.
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• Global Market Scenario of Hvac Industry

• Agriculture Equipment Market size is set to
  exceed USD 200 billion by 2024. The shipments
  exceeded 5 million units in 2017. Exponential
  increase in population levels have generated the
  need for increasing the crop quality yield
  through advancements in the technology, livestock
  monitoring and the growing usage of fertilizers
  and pesticides, thereby driving the agriculture
  equipment market growth.
• This has also led to increasing labor costs and
  the adoption of automated machines in farms.
  Several machines are being developed depending on
  the tasks and activities performed in these
  fields. These modern technologies have
  revolutionized the farming techniques.
• The rising need for these demands will spur the
  demand for agricultural products, thereby
  providing an impetus to the agriculture equipment
  market growth. Moreover, with the ongoing
  urbanization trend, consumers are demanding a
  better standard of living and diets.

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• Government administrations across the globe are
  offering various benefits to the farmers, such as
  subsidies, loans, and easy installment plans, for
  buying the machinery and other farm equipment.
• These government initiatives are encouraging the
  farmers to increase their productivity and
  cultivation to satisfy the growing demand of the
  consumers for food products.
• For instance, the Government of China has been
  investing heavily to support the developments in
  its agriculture market by granting subsidies for
  machines and tool procurement. From 2004 to 2014,
  the government offered subsidies of over USD 17
  billion to the purchase 16 million units of the
  agricultural equipment. Such initiatives are
  anticipated to positively impact the agriculture
  equipment market.

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• Regional Analysis

• The Europe agriculture equipment market is
  experiencing a high demand for such machines
  owing to the growing adoption of automated
  technologies. Countries including Italy, Germany,
  and France are moving toward automation and
  adopting several smart industrial solutions for
  manufacturing processes. Moreover, labor shortage
  in the region is also a factor, which is driving
  the adoption of mechanized products in farms.

• Competitive Analysis

• Major players operating in agriculture equipment
  market are AGCO Corporation, JCB, Kubota, Claas,
  Deere Company (John Deere), Bucher Industries,
  Dawn Equipment, CNH Industrial, CNH Industrial,
  Mahindra Tractors, Same Deutz-Fahr Deutschland
  GmbH, Force Motors Ltd., Kverneland Group,
  International Tractors Ltd., Kuhn Group, Iseki
  Co., Ltd., Escorts Group, and Tractors and Farm
  Equipment Ltd., among others.

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