Market Overview

Global $321.3 Billion Farm Equipment Market Outlook to 2026 - ResearchAndMarkets.com

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The "Farm
Equipment - Global Market Outlook (2017-2026)"
report has been
added to ResearchAndMarkets.com's offering.

According to this report, the Global Farm Equipment market accounted for
$179.25 billion in 2017 and is expected to reach $321.32 billion by 2026
growing at a CAGR of 6.7% during the forecast period.

Population growth has escalated the demand for food and growing
mechanization trend in agriculture industry are some of the key factors
fueling the market growth. However, factors such as increasing subsidies
provided by government to purchase farm equipment and support farming
practices for improved quality crops inhibit the market growth. One of
the major opportunities in the market is rising implementation of
technology-driven agriculture equipment.

Based on the type, the Trailers & Trucks segment usage in agriculture
has been increasing rapidly because it varies greatly in size, power,
and configuration. Farmers prefer these kinds of vehicles to ease their
work while harvesting the crops on shifting the grains obtained from the
one place to another mainly on budget. Gooseneck mounts are often used
for agricultural and industrial trailers. Tractors are most commonly
used in agriculture and provide the power and traction to mechanize
agricultural tasks, especially tillage.

By Geography, Asia Pacific is expected to hold largest market share due
to increasing demand for quality food grains, fruits and vegetables.
Major players have been focusing on high growth markets such as India
and China, to reap the benefits from increasing mechanization.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porter's Five Forces Analysis

5 Global Farm Equipment Market, By Phase

6 Global Farm Equipment Market, By Type

7 Global Farm Equipment Market, By Geography

8 Key Developments

10 Company Profiling

  • AGCO Corporation
  • CLAAS Group.
  • CNH Industrial N.V.
  • John Deere & Co.
  • Kubota Corporation.
  • SAME Deutz-Fahr Group S.p.A.
  • Kuhn Group S.A.
  • Kverneland A.S.
  • Mascar S.p.A.
  • MaterMacc S.p.A.
  • Alamo Group Inc.
  • Argo S. p. A
  • Amazone H. Dreyer GmbH & Co. KG
  • Bucher Industries
  • Daedong Industrial Company Ltd.
  • Escorts Group
  • Mahindra & Mahindra Limited
  • Eicher Tractors
  • SAS Motors Limited (Angad Tractors)
  • PreetTractors

For more information about this report visit https://www.researchandmarkets.com/research/7lkq7r/global_321_3?w=4

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