Pune, India -- (SBWIRE) -- 03/26/2019 -- The Agriculture Equipment Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the agriculture equipment market.

Infinium Global Research's report covers the annual growth of the Global agriculture equipment market. It also includes chapters on the Global agriculture equipment industry trends, geographic analysis, and competitive landscape.

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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024. The global agriculture equipment market is projected to grow at a CAGR of 9% over the forecast period of 2018-2024.

Agriculture Equipment Market: Industry Insights

The different type of equipment used in agriculture is the plow, tractor, seeder, harrow, harvester, sprayers, farm truck, wagon, and baler. This equipment is used to increase productivity and profit by lowering the cost of production. From ancient times when culture first began for the cultivation of plants, humans were using the tools to grow and harvest plants. Advancement in agricultural tools and equipment led to modernization in the agriculture industry.

Agriculture Equipment Market: Drivers and Restraints

Surging demand for high-capacity machinery for the increase in demand for food due to the increase in global population. Government is supporting the use of agricultural equipment to the farmers for the cultivation and production is the driving factor of the global agriculture equipment market. Training programs are conducted by the government to grow awareness of the advanced technology in the agriculture sector. Penetrating competition among the player may restrain market growth. Mechanization and advancement in new technologies for agriculture sector is the opportunity for global agriculture equipment market.

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Agriculture Equipment Market: Segmentation

Global agriculture equipment market is segmented on the basis of product and applications. Product is segmented into Spraying Equipment, Grain Drills, Row Crop Planters, Harvesters, Tractors, Planting Equipment, Hay and Forage Equipment and Irrigation and Crop Processing in which tractor segment holds the highest market in the global agriculture market because farmers get the tractors on rent due to which the no maintenance cost that reduces the burden on farmers. Applications are segmented into Plant Protection, Land Development & Seed Bed Preparation, Weed Cultivation, Harvesting & Threshing, Sowing & Planting and Post-harvest & Agro Processing of which harvesting & threshing dominates the global agriculture equipment market due to higher demand in food because of increase in population across the globe.

Agriculture Equipment Market: Regional Insights

Global agriculture equipment market is segmented regionally into North America, Europe, Asia-Pacific and Rest of World (RoW). Asia-Pacific is dominant in the Global agriculture equipment market because of the growing demand for machinery in the agriculture and food and beverages industry. In Asia-Pacific, India and China hold the highest market in the agriculture equipment due to development in the farming process by mechanization. Europe holds the second position followed by Asia-Pacific for the global agriculture equipment market. North America is expected to grow with the highest CAGR during 2018-2024 because of rising demand for tractor in the U.S and Canada region.

Agriculture Equipment Market: Competitive Analysis

The global agriculture equipment Market comprises with the major players, KUBOTA Corporation, ISEKI & CO., LTD., CNH Industrial N.V., Mahindra & Mahindra Ltd., AGCO Corporation, Deere & Company, Valmont Industries, Inc., AGROSTROJ Pelh?imov, a.s., SDF S.p.A. and Escort Limited among others. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.

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Reasons to Buy this Report:

- Comprehensive analysis of global as well as regional markets of the Agriculture Equipment.

- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.

- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.

- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.