The Agriculture Equipment Market size was valued at US$ 110.5 Bn in 2020. The Global Agriculture Equipment Market is estimated to grow at a CAGR of 4.8% over the forecast period.
Agriculture Equipment Market Overview:
The Agriculture Equipment market analysis looks at both historical and present trends in the global industry. The study covers market size, value, and projections, as well as information on the world's major regions and countries, trends, price data, opportunities, and a COVID-19 analysis.
Agriculture Equipment Market Scope:
In order to give accurate and full data about the industry, the research study examines the Agriculture Equipment Market using a range of approaches and procedures. The Agriculture Equipment Market study examines the industry's market size, share, growth potential, and prospective prospects in detail. This study includes all of the information needed to comprehend the significant developments in the Agriculture Equipment Market, as well as the extension trends of each sector and area.
The study then examines the present condition of the industry as well as potential trends in the Agriculture Equipment Market globally. The Global Agriculture Equipment Market is additionally divided into two divisions, providing for a full and in-depth assessment of the market's features and opportunities.
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Agriculture Equipment Market Segment:
The market is divided into four categories: manual, automatic, semi-automatic, and others. In 2020, the Manual segment commanded 45.1 percent of the market. In agricultural activities, manual material handling operations (such as lifting, lowering, pulling, pushing, and transporting large materials) are prevalent, resulting in musculoskeletal strains, falls, and spinal injuries, among other things. Aside from that, human power is the main source of operation for minor implements and tools on the farm. Stationary chores such as chaff cutting, lifting, water, threshing, and winnowing also require manual labour.
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Agriculture Equipment Market Competitive Landscape:
The report examines recent market dynamics as well as consumer and technological trends in different regions.
- North America, South America, and the Americas are the three parts of the Americas.
- Japan and the Asia-Pacific region
- Latinas in the Americas
- Africa and the Middle East
- Europe
Agriculture Equipment Market Key Players:
- Deere & Company (Moline, IL)
- Escorts Limited, Iseki & Co. Ltd. (India)
- J C Bamford Excavators Ltd. (JCB) (U.K)
- Kubota Corporation (Japan)
- Mahindra & Mahindra Limited (India)
- Same Deutz-Fahr Group S.p.A. (SDF) (China)
- Valmont Industries, Inc. (U.S)
- Yanmar Co. Ltd., Zetor Tractors A.S. (Indonesia)
Impact of COVID-19 on the Agriculture Equipment Market:
COVID-19 has a thorough impact on the Agriculture Equipment market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the report. During this crisis, the paper presents a comprehensive examination of alternatives, challenging conditions, and difficult situations in the Agriculture Equipment market. The study briefly discusses the benefits as well as the challenges of the COVID-19 in terms of funding and market expansion. In addition, the study includes a collection of principles that are intended to assist readers in deciding and planning a corporate strategy.
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