Agriculture and Farm Machinery Market (Product: Farm Tractors, Harvesting Machinery, Plowing and Cultivation Machinery, Planting and Fertilizing Machinery, Haying Machinery, Other Agricultural Machinery and Parts and Attachments) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022
Albany, NY -- (SBWIRE) -- 04/04/2016 -- Transparency Market Research has recently published a research report that defines the trends and dynamics governing the overall global agriculture and farm machinery market. The research report, titled "Agriculture and Farm Machinery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," identifies the strengths, weaknesses, opportunities, and threats impacting the market segments of the market.
According to the research report, the global agriculture and farm machinery market was valued at US$144.10 bn in 2014 and is anticipated to reach US$281.61 bn by 2022, registering a CAGR of 8.7% CAGR between 2015 and 2022. The primary growth drivers for the global agriculture and farm machinery market will be the high rate of mechanization that is leading to a growth in the demand for agriculture and farm machinery. Furthermore, the increasing government subsidies in several countries for investing in agriculture and farm machinery to increase production are also lending a strong impetus to the overall market. The need to feed the exponentially growing global population has also triggered a huge demand for agriculture and farm machinery across the world.
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Additionally, the research report also uses Porter's five forces analysis to highlight the threat of substitute products or services, the threat of new entrants, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry. The report has been compiled using primary and secondary research methodologies to give its readers a solid framework for making well-informed business decisions.
The global agriculture and farm machinery market is segmented on the basis of product and geography. The products used in this market are harvesting machinery, farm tractors, plowing and cultivation machinery, haying machinery, planting and fertilizing machinery, other agriculture machinery, and parts and attachments. Geographically, this market is segmented into North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific.
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The research report states that the growing demand for harvesting machinery and farm tractors is expected to boost the overall agriculture and farm machinery market in the forecast period. This demand will come from Asia Pacific as China and India strengthen their agricultural activities to cater to the rising population levels.
Some of the key players in the global agriculture and farm machinery market are CLAAS KGaA mbH, CNH Global NV, J.C. Bamford Excavators Limited (JCB), John Deere, AGCO Corporation, Alamo Group, Inc., Yamabiko Corporation, Same Deutz-Fahr, Iseki & Co., Ltd., and Mahindra & Mahindra Limited. The research report discusses the regulatory framework governing the overall agriculture and farm machinery market and the competitive landscape of the market. Furthermore, the report also gives an analysis of the financial overview, research and development activities, investment outlook, product portfolio, and business and marketing strategies of these top players for the near future.
The market has been segmented as follows:
Agriculture and Farm Machinery Market, by Product Type:
Plowing and Cultivation Machinery
Planting and Fertilizing Machinery
Other Agriculture Machinery
Parts and Attachments
Agriculture and Farm Machinery Market, by Geography:
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East and Africa (MEA)
Rest of MEA
Rest of Latin America
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