Farm Equipment Market - Forecast(2021 - 2026)

Srikanth Dornam

Farm Equipment Market Overview:

Farm equipment covers an extensive range of equipment engaged at several stages of agriculture such as land development, sowing, planting, cultivation, harvesting, and threshing. The range varies from simplest tools such as hand trowel to fertilizers, plow, harrow, fertilizer spreader, seeder and high-end engineered tractors. The World Bank has estimated that the demand for food will upsurge by 70% by 2050 and $80 billion annual investment will be required to meet the objectives. Such alarming ultimatum calls for efficient farming techniques and hence advanced farm equipment are the catch and have the potential to divert mandatory investments into its own pocket.

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As per the market outlook foreseen by a recent IndustryARC business intelligence report, the farm equipment market size ranges from $170 billion to $175 billion and is forecast to grow at a global CAGR of around 6% going through 2025. Farm equipment are a global phenomenon but APAC is the fastest growing regional market with a global CAGR of 40% - 45% which is mainly attributed to the impeccable agricultural lands and market of India and China. FICCI (Federation of Indian Chambers of Commerce & Industry) stated that Indian agriculture sector contributes approximately 14% to India’s GDP. And Organisation for Economic Co-operation and Development revealed that China has 21% of global population in its territory along with 9% of universal arable land.

Farm Equipment Market Outlook:

Farm equipment market in this report has been segmented into different phases accumulating the over-all agricultural production from land development to harvesting and threshing. The agricultural equipment involved at different stages are tractors, fertilizing, plant protection equipment, harvesting equipment, irrigation equipment, hay and forage equipment, crop processing equipment, seeding equipment, grain handling equipment, cutters, shredders and sprayers. As of 2018, irrigation machinery leads the application segment covering nearly 10% of the entire global farm equipment marketplace owing to harsh topography and weather conditions prevailing in majority of developing countries constituting a major chunk of global population dependent on agriculture. Efficient irrigation facilities empower the agro-economy by contravention of constraints such as deficient water supply. Drip irrigation systems save water and nutrients by enabling water to drip slowly to the roots of the plants and minimize evaporation. A classic example can be derived from a World Bank data which states that the Peru Sierra Irrigation Subsector Project made a substantial impact in increasing agricultural production and productivity ranging between 118 percent and 170 percent in targeted areas of the Peruvian Sierra.

Farm Equipment Market Growth Drivers:

Farm Equipment market is not solely dependent on the agricultural industry. Some of the other factors indirectly but positively influencing the market are financing equipment such as agriculture finance and agriculture insurance initiated by governmental and non-governmental organizations. The World Bank Group is a leading global financier of agriculture, with $6.8 billion in new IBRD/IDA commitments in 2018.

In the recent years, the world has witnessed unprecedented demand from the robustly growing F&B sector owing to rapidly increasing world population. Traditional farming techniques are time consuming and less economical in terms of labor costs, and global reduction in farming lands further adds to the dilemma. To combat and deliver under such crucial circumstances, employment of farm equipment by agricultural sector is inevitable. For example- The World Bank preceding statistics reveals that an outstanding 25,054,140 tractors were already globally employed as of January 2019 and with the advent of machineries practices in agro sector along with improved financial aids, the deployment is going to be at a more dynamic scale affecting the global farm equipment market.

Farm Equipment Market Challenges:

Two of the major challenges surfacing this flourishing and imperative domain are financial aspects such as capital and rate of interest and unskilled agronomic man force. But it is also to be noted that the financial aspects are being slowly countered by various organizations and bodies providing low-interest loans, zero to low-interest credits, and grants to developing countries for agricultural operations. To skill the agronomic man force for utility of farm equipment which will automatically consequence in efficient production, various countries has come up with machineries institutes and e-farming portals. A sheer example from the often recalled as land of agriculture, India, is the Central Farm Machinery Training & Testing Institute, Budni (M.P.).

Farm Equipment Market Key Players Perspective:

Some of the key players mentioned in the report are AGCO, John Deere, CLAAS, Massey Ferguson, Argo Group, Mahindra and Mahindra, Hunter Industries, Toro Corp., Jain Irrigation, Bucher Industries, CNH Industrial, Kvernerland Group, SDF Group, Kubota, Lindsay Corp.

John Deere, an American giant commemorated the production of its 5,000th Forestry Swing Machine, a 2656G Log Loader in January 2019. The company was among the first to introduce electric drive technology in off-highway equipment and their 644K and 944K Hybrid Wheel Loaders have collectively logged more than 1 million operating hours in the field.

Farm Equipment Market Trends:

Supporting Events:

The Irish Farm Tractor & Machinery Trade Association hosted the biggest ever ‘The FTMTA Farm Machinery Show,’ on February 7th, 8th and 9th 2019. 160 national and international machineries manufacturers and distributors were stationed to meet their potential customers and take the farm equipment market ahead of the curve.

Promising Acquisitions:

AGCO, which comprises Massey Ferguson, Fendt, Valtra and other farm machinery brand-names, accounted for revenues approaching $10 billion in 2018. AGCO merging with Fendt, has embarked upon several milestones. A recent example is towed plant protection sprayer, Fendt Rogator 300, and the self-driving Fendt Rogator 600 marking their sale of 100 units. AGCO Corporation received seven AE50 Awards from the American Society of Agricultural and Biological Engineers (ASABE) in 2019 and AGCO/Fendt wins the AE50 Award in US for best new Fendt IDEAL large combine.

Farm Equipment Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the farm equipment market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of equipment in the farm equipment market, and their specific applications in different phases of agricultural production.

Farm Equipment Market Report: Industry Coverage

Types of Equipment in Farm Equipment Market:

By Application- Agri Equipment, Construction Equipment, Chemical Applications, Financing Equipment, Material Handling Equipment, Snow Removal Equipment, Property Maintenance Equipment.

By Machinery- Tractors, Fertilizing, Plant Protection Equipment, Harvesting Equipment, Irrigation Equipment, Hay and Forage Equipment, Crop processing Equipment, Seeding Equipment, Grain Handling Equipment, Cutters, Shredders and Sprayers

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By Agricultural Phase- Land Development, Sowing, Planting, Cultivation, Harvesting, and Threshing.

The Farm Equipment Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia

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Srikanth Dornam

Farm Tires Market Segmentation and Industrial Overview Forecasts to 2028

faisal factmr 2020-01-16

The new report on the Farm Tires market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2013 – 2017.

The latest study by Fact.MR projects the farm tires market to grow at 6% CAGR through 2028.The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Farm Tires market.

2013 is considered as the base year and 2028 as the estimation year.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=752To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.

The key regions comprise the following geographical segments:North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.

Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.

Shares of major regional markets are also presented in the analysis.A Methodology of this Report is Available upon Request @ https://www.factmr.com/connectus/sample?flag=RM_id=752The study provides detailed profile of key players and their offering in the Farm Tires market, which includeBridgestone CorpContinental AGGoodyear Tire & Rubber CoYokohama Rubber CompanyThe report offers insight into the competitive dynamic in the Farm Tires market which has shaped the major strategies of each player.

Global Farm Equipment Rental Market Analysis, Opportunity, Share, Size, Growth, Trends and Forecast

varunkp 2023-01-17

Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on the " Global Farm Equipment Rental Market". The global farm equipment rental market is segmented based on type, power output, drive type, function, purpose, company, and region. Friesen Sales & Rentals and others are some of the leading players operating in the global farm equipment rental market. Also, in countries such as Mexico, the difficult climatic conditions and the high price of farm equipment have increased the demand for rental farm equipment. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global farm equipment rental market.

Farm Tire Market 2020: By Technology Trends and Forcast by Players - Trelleborg AB, Michelin, BKT and Others to 2025

rosely henson 2020-04-15

The Global Farm Tire Market 2020-2026 covers commercial as well as industrial areas of the business.

The Farm Tire market encompasses key topics making this report a excess helpful.

The global Farm Tire market research reports profound erupts to the several parts of the analysis that performs a major role receiving the holistic perspective of their international Farm Tire market.

The listing of such important facets of this Farm Tire market report consists of competitive data, company profile, country-wise regional analysis, and comparative analysis of the Major players.The Farm Tire industry analysis size, share, growth, trends, and forecasts 2020–2026.

The Farm Tire report help to analysis players to improve their business strategies and helpful data.

The Farm Tire research report gives a pestal analysis rely upon the total market, available size, development scene, and analysis.Detailed TOC along with also Charts and Tables of Farm Tire Market Research Report accessible at: https://www.futuristicreports.com/request-sample/54685Top Important Players:Trelleborg ABMichelinBKTFirestoneBridgestone CorporationGoodyearTitan InternationalThis Farm Tire report explores feasibility with an objective of educational new entrants in regards to the changes within the market.

Global Autonomous Farm Equipment Market Report 2021 - By Space, Location, Application, Region — Forecast To 2030

Biswadeep 2021-08-26

Autonomous Farm Equipment Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The chapter on the impact – both negative and positive – of COVID-19 on the autonomous farm equipment industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.

This includes revised market numbers according to the effects of the coronavirus and the expected autonomous farm equipment market growth numbers 2021-2030.

View Complete Report:https://www.thebusinessresearchcompany.com/report/autonomous-farm-equipment-market-global-report-2020-30-covid-19-growth-and-change The Autonomous Farm Equipment Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global autonomous farm equipment market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.

The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Autonomous Farm Equipment Global Market Report 2021 covers autonomous farm equipment market drivers, autonomous farm equipment market trends, autonomous farm equipment market growth rate, autonomous farm equipment market major players, player-adopted strategies in the market, and autonomous farm equipment market size.The global autonomous farm equipment market is expected to grow from $62.31 billion in 2020 to $74.03 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%.

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.

Farm Animal Healthcare Market Trends 2023 : Segments, Industry Report And Regional Outlook 2032

Pooja tbrc 2023-02-06

The Business Research Company’s Farm Animal Healthcare Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The Farm Animal Healthcare Global Market Report 2023 evaluates farm animal healthcare market size, growth rate, drivers, trends, and major companies. id=7816&type=smp The global farm animal healthcare market size grew from $18. Africa Farm Animal Healthcare Market 27. Appendix List Of Tables Table 1: Global Historic Market Growth, 2017-2022, $ Billion Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion Table 3: Global Farm Animal Healthcare Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion Table 4: Global Farm Animal Healthcare Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion Table 5: Global Farm Animal Healthcare Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion ….

Spirulina Market Analysis by Top Players 2020 to 2030

Kanika Bath 2020-08-07

The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.

It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.

Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.

Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.

Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.

Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.

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