Market Overview

Global Agricultural & Forestry Machinery Market to 2026: Increasing Mechanization of Farming Operations is Driving Growth - ResearchAndMarkets.com

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The "Agricultural
and Forestry Machinery - Global Market Outlook (2017-2026)"

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offering.

According to the report, the global agricultural machinery market
accounted for $187.85 billion in 2017 and is expected to reach $384.87
billion by 2026 growing at a CAGR of 8.2%.

The global forestry machinery market accounted for $9.96 billion in 2017
and is expected to reach $16.23 billion by 2026 growing at a CAGR of
5.5%.

Factors such as rising demand for advanced machinery, increasing
mechanization of farming operations, and technological advancements are
driving the market growth. Moreover, the increasing demand for food led
by the growing population across the globe is another key factor fueling
the market across the globe. However, lack of information about farming
equipment and its efficiencies among farmers are inhibiting the market
growth.

By product, harvesting machinery segment is projected to have
significant market share during the forecast period due to growing usage
of mechanized harvesting and on-site processing equipment in developing
areas. In addition, improved pressure on the arable lands due to the
increasing demand for food grains and growing orders for agricultural
machinery are fuelling the market growth.

In terms of geography, Asia Pacific region led by India and China is
expected to be the fastest growing region. The high demand can be
attributed to the rising food consumption for sufficing the rising
population in these countries are factors favouring the market growth in
this region.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Agricultural and Forestry Machinery Market, By Product

6 Global Agricultural and Forestry Machinery Market, By Geography

7 Key Developments

8 Company Profiling

  • AGCO Group
  • AGROSTROJ Pelhrimov AS
  • Claas KGaA
  • Escorts Limited
  • Fiat Industrial
  • John Deere
  • Kuhn Group
  • Mahindra Group
  • Same Deutz-Fahr Group
  • Valmont Industries Incorporated
  • Weifang Euroking Machinery
  • Hubei Machinery and Equipment
  • Kubota Corp
  • Deutz-Fahr Group
  • China National Machinery Industry Corporation

For more information about this report visit https://www.researchandmarkets.com/research/4qcg2l/global?w=4.

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