
Agricultural Equipment Market
Global Market Study on Agricultural Equipment: Power Weeder Product Type Segment Anticipated to Grow at a Relatively High CAGR During 2016-2024
-
XPLREP1412
-
April, 2017
-
153 Pages
-
Industrial Automation
Global Agricultural Equipment Market to Surge Past Valuation of US$ 100 Bn by 2024
The global agricultural equipment market is forecasted to grow at a moderate CAGR of 3.4% during the forecast period (2016 to 2024), according to a new market study by XploreMR. The growth of the market is attributed to increasing sales of tractors owing to their multipurpose that makes them ideal for agricultural activities from February to April, and transport and commercial agricultural activities from May.
The sales of tractors are expected to majorly contribute to the growth of the agricultural market. Furthermore, agricultural methodologies have shifted from animal or manual operations to automated methods, thereby necessitating the employment of advanced equipment.
Besides, factors such as government initiatives, rising urbanization rate, and time-saving nature are asserting farmers to switch to mechanized processes and enhance their investment power. On the back of these factors, the global agricultural equipment market is expected to surge past valuation of US$ 100 Bn by the end of the assessment period.
The analysts of XploreMR have followed a solution oriented approach while studying the global agricultural equipment market in a recent publication titled “Agricultural Equipment Market: Global Industry Analysis and Forecast, 2016-2024.” Major players in the market are focused on shifting their production bases to the Asia Pacific and MEA regions in order to capitalize on economies of scale. The analysts have observed that the tractors segment by product type is expected to dominate the global agricultural equipment market over the period 2015 to 2024.
However, the seed drill and power weeder segments are expected to grow at an attractive CAGR over the forecast period. After studying the global agricultural equipment market in detail, the researchers have come to the conclusion that APAC and North America are expected to hold a relatively high volume and value share respectively. Among all regions, MEA is expected to witness relatively high CAGR during the period 2015 to 2024, followed by Latin America and APAC.
According to this report, long-term strategic partnerships with component suppliers may provide good growth opportunities for agricultural equipment manufacturers. The report highlights key player strategies of studying market trends and consumer demand patterns to continuously evolve in product offerings and ensure uninterrupted revenue generation.
What are the market participants saying?
Purchase Options
Global Market Study on Agricultural Equipment: Power Weeder Product Type Segment Anticipated to Grow at a Relatively High CAGR During 2016-2024
Buy Now
Custom Market Research Services
xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough
Why Choose XploreMR

-
Analyst Support
Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.
-
Country-wise Analysis & Forecasting
As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.
-
High Quality At Competitive Pricing
We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information
Agricultural Equipment Market
Popular Reports

Infused Dried Fruits Market (Fruit Type: Raisins, Apples, Apricots, Peaches, Mangoes, Papaya, Strawberry, Raspberry, Blueberry, Cranberries, Cherry [Sour Cherries and Sweet Cherries], Quince, and Others; Nature: Organic and Conventional; Product Type: Fruit Juice/Juice Concentrate Infused, Sugar Infused, and Others; Application: Breakfast Cereals, Bakery Products [Cakes, Bread, and Others], Dairy & Frozen Dessert Products [Ice creams, Yogurt, and Others], Salads, and Others; and Sales Channel: Direct Sales and Indirect Sales [Modern Trade, Convenience Stores, Departmental Stores, Online Retailers, Traditional Grocery Stores, and Other Sales Channel]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029
Infused Dried Fruits Market - Scope of the Report XploreMR has recently published a market study on the infused dried fruits market. It provides a detailed assessment of key market dynamics, inc ...

Pup Joint Market (Product Type: Crossover Pup Joint, Drill Pipe Pup Joint, and Tubing Pup Joint; Technology: Hot Rolled and Cold Rolled; and End Use: Oil & Gas, Chemical Industry, Mining, Construction, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Pup Joint Market – Scope of the Report XploreMR recent report on the pup joint market, with the help of a comprehensive outlook, provides readers with an assessment of the global market la ...