Powered Agriculture Equipment Market 2018
Powered Agriculture Equipment Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Powered Agriculture Equipment Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Powered Agriculture Equipment Market Information Report by Product Type (Tractors, Combine/Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill, Others), and by Region – Global Forecast To 2023
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In June 2017, Alamo Group Inc. completed acquisition of Santa Izabel Agro Industria Ltda which manufactures and markets a variety of agricultural implements and trailers sold throughout Brazil.
AGCO Corporation introduces the industry’s first Class 8 large square baler at AgriTechnica in Germany. This new baler is designed specifically for producing heavy, dense bales from light-weight, dry, slick grass and crop residue that can be hard to bale. Additionally, the company is also focusing on partnerships & collaborations to expand their tube business.
Mahindra & Mahindra Limited, enters into the global combine harvester business, by entering into a strategic partnership with Sampo Rosenlew, a combine harvester company based in Pori, Finland. This helps the company, build a full product line of farm equipment that goes beyond tractors and competes, globally in both advanced and developing markets.
Escorts Group launch the new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 & 90 HP category, simultaneously, in Italy and Mexico. The company believes these tractors are positioned to fill the often perceived market gap in the category and to strengthen their global networks so as to effectively cater to farmer demands in newer geographies.
Agriculture Equipment Market – Segmentation
Global Agriculture Equipment Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.
On the basis of product type, the market has been segmented as Tractors, Harvesters, Cultivation & Soil Separation Equipment and Others. Tractor dominates the product type segment of the market. The tractors are the integral part of the agriculture industry with the highest volume segment in the market of all segments. The high sales of tractors can be attributed to their multipurpose feature, as they are used as agricultural equipment in monsoons and other transport and commercial purposes.
Based on function, the market has been segmented into Harvesting, Planting & Fertilizing, Haying, Plowing & Cultivation and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
The global powered agriculture equipment market is currently dominated by few players namely, AGCO Corporation (U.S.), Deere & Company (U.S.), CNH Industrial (U.K), Kubota Corporation (Japan), and CLAAS Group (Germany). Deere & Company holding the first position globally with a share of 26.6% as of 2016. The company has a huge brand image, broad product portfolio, and strong distribution network around the globe. The company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a full line of agriculture and turf equipment. The company is investing heavily in R&D for product innovation. The company has a product innovation team that enables them to serve their customers with innovative and customized products. The company has developed various innovative products so as to solidify the relationship with the customer.
CNH Industrial N.V. held the second-largest share in the Powered Agriculture Equipment market with a share of 14.6%. The company stronghold is largely attributed to its innovative and sustainable products. Also, the focus on expanding their international presence by opening new manufacturing facilities or offices, so as to gain larger market share. For instance, New Holland Agriculture, a global agricultural equipment brand of CNH Industrial N.V. has announced the opening of a new direct branch in Centurion, South Africa. The branch replaces the former distributor and will give the brand, the ability to directly and exclusively distribute and support its full product line-up and services in Southern African countries, including Botswana, Lesotho, Namibia, South Africa and Swaziland.
Kubota Corporation is also the major manufacture which hold the market share of 13.5% in global powered agriculture equipment market. The company sees its long term growth strategy in expansion of core business through increasing geographical presence and internal acquisitions that can help reduce demand on financial measures and also enhance liquidity through strategic operations.
The other prominent players in the market include Mahindra & Mahindra Ltd (India), Alamo Group Inc. (U.S.), Escorts Group (India), Iseki & Co. Ltd (Japan), SDF S.P.A. (Italy), and other. Other players accounted for a share of 30.6% in the market in 2016.
The report for Global Powered Agriculture Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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