DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--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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Related Topics:Agricultural Machinery and Equipment



SOURCE: Research and Markets

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PUB: 08/31/2018 06:59 AM/DISC: 08/31/2018 06:58 AM