Global Agricultural Machinery Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2015 -- 2020)

Nov 16, 2015, 12:57 ET from ReportBuyer

LONDON, Nov. 16, 2015 /PRNewswire/ -- The practice of incorporating machinery for farming began in the 19th century in Britain and US, and has evolved over time. However, over the last century, farm and agri-equipment has witnessed mostly incremental innovation. Agricultural machinery, essentially, is any type of machinery used to aid in speed or efficacy in agricultural operations. It includes an array of equipment used for various stages of production: for tilling, planting, transplanting, spewing fertilizers and pesticides, irrigation, and more. Equipment like tractors, cultivators, ploughs and harrows, de-stoners, tillers, sorters, and more, are some of the most common agri-mechanization equipment. Of late, trucks, airplanes and helicopters are being used for farming in North America due to large fields, in the absence of manual labour.

Agricultural machinery manufacturers are at the forefront of change and evolution of the agriculture sector giving rise to modern day integrated farm management approach. Population growth, urbanization, higher productivity demand with a shrinking agricultural land base throughout the globe, are only some of the factors which have led to the growth of total agriculture machinery demand. Apart from developed countries, developing countries exhibit strategies to minimize food insecurities in a world plagued by erratic weather conditions. This has amounted to a slow, but steady adoption of modern agri-machinery and equipment by developing countries as well. Quite clearly, technology advancement for developing more efficient products while keeping in mind the country specific requirements will provide opportunities for future growth of the sector.

Besides a massive scope for development, the major constraints the sector is facing are: environmental constraints, fluctuating prices of farm commodities, erratic weather conditions, labour availability, and more. All these factors affect the growth rate of the agricultural sector. That, in turn, affects the agri-machinery industry.

North American, European and Australian markets are some of the more affluent, urbanized markets with between 700-1850 tractors per 1000 farmers. This number dwindles down to 3-5 tractors per thousand farmers in areas in Asia Pacific (countries like India, China), and Africa (especially sub-Saharan Africa). Regionally India and China provide great scope of growth due to continued support from government bodies. Globally, Agri machinery market $is expected to grow at 8.00% over 2015-2020.

In terms of types of implements, tractors are the most common equipment across the world. These come in large ticket sizes with high horsepower for the more affluent markets, and in smaller sizes to fit the needs of smallholder farmers in the developing world. Combine harvesters are the next most abundantly used farm implements. There are other implements like ploughs, harrows, and more which are popular in affluent markets and farms to increase productivity per hectare and to meet strict produce standards specified for imports by a number of countries.The global agricultural machinery and equipment industry is rife with high competition among renowned players like Deere and Company, AGCO Corp., CNH Industrial N.V, Iseki & Co. Ltd., Kuhn Group, Kverneland Group and Escorts Group operating in market place. The companies strive to strengthen their base on the basis of product features, pricing, quality, scale of operation and technology innovation.
Download the full report: https://www.reportbuyer.com/product/3384670/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer



RELATED LINKS

http://www.reportbuyer.com