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
Market analysis
Agricultural tools and equipment play an important role in different functions as per the requirements of the customers. There are several powered agricultural tools which replace the conventional methods because of its highly advanced and innovated features. With the introduction of smart agricultural tools and equipment, manual labor in the fields has been reduced to a certain extent. It has even reduced the dangerous effects of climatic changes. This type of agriculture is mainly powered by the IoT or the internet of things process that is further making the farmers enabled to go for monitoring the crucial information of the soil, air temperature, acidity, humidity, moisture through the advanced agricultural tools and equipment. The global powered agriculture equipment market is anticipated to reach the approximate market size of USD 99.89 billion by the end of the forecast period (2017-2023) by growing at a CAGR of 5.43%.
Market segmentation
The Global Powered Agriculture Equipment Market is segmented on the basis of its type and regional demand. Based on its type, the market is classified into sprayer, tractors, seed drill, combine harvester, soil preparation, and cultivation equipment, among others.
Regional analysis
Geographically, the Global Powered Agriculture Equipment Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
The key players of the global powered agriculture equipment market include companies like Mahindra & Mahindra Ltd (India), CNH Industrial (U.K), AGCO Corporation (U.S.), John Deere & Co. (U.S.), Kubota Corporation (Japan), Escorts Group (India), Iseki & Co. Ltd (Japan), SDF S.P.A. (Italy), CLAAS Group (Germany), Alamo Group Inc. (U.S.), among others.