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Deerfield Beach, FL -- (SBWIRE) -- 12/10/2015 -- The Global Farm Equipment Market is valued at $145 billion in 2014 and is expected to grow at a CAGR of 9.6% to reach $302 billion by 2022. Some of the key drivers of the market include population growth, increase in the demand for food production and need for the mechanization of the farming. 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.
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Farm Equipment Market is segmented by type, by end-users and by geography. Based on type, the market is classified into Harvesting Equipment, Irrigation Equipment, Fertilizing and Pest Control Equipment, Planting Equipment, Soil Cultivation Equipment and Tractors. Based on end-users, market is categorized as Farmers, R&D in Agriculture and Home Grown Food Industries. Based on geography, market is segmented into North America, Europe, Asia-Pacific and Rest of the World. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
The key players in the Farm Equipment Market include Alamo Group Incorporated, Caterpillar Incorporated, Escorts Limited, Fiat Industrial SpA, Groupe Exel Industries, Mahindra & Mahindra Limited, Tractors and Farm Equipment Limited, Valmont Industries Incorporated, WORLD Group and Yanmar Company Limited.
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A recent report published on the Farm Equipment market presents an analytical overview of the Farm Equipment industry. It studies the global Farm Equipment market in detail to update the stakeholders about the latest market trends, and help them in determining crucial business strategies. In a coherent chapter-wise format, the Farm Equipment Industry report presents the findings from the analysis of the present Farm Equipment market dynamics. Data included in these chapters are logically interspersed with infographics and graphical representations.
Information and statistics the analysts have referred to for compiling the Farm Equipment report are obtained from trusted industrial sources and have been plausibly collated. The data sourced is filtered through several research stages using industry-leading analytical tools to ensure that the Farm Equipment market report encompasses only authenticated data derived from validated industrial sources. To enrich the Farm Equipment industry report with industry-specific statistics, relevant data is also sourced from the repository of financial records of the leading companies.
The report begins by introducing the global Farm Equipment market. The products and services offered in the Farm Equipment market are evaluated in-depth. To study the growth trajectory of the Farm Equipment market, the report studies the development trends it has exhibited in the last couple of years. The prevailing competitive landscape of the Farm Equipment market is analyzed in the report. It also presents an in-depth study on the development status of the Farm Equipment market.