Agriculture & Farm Equipment/Machinery Market to Reach $243 Billion by 2025 - Driven by Increasing Sales in Developing Nations - Research and Markets

News provided by

Research and Markets

24 May, 2017, 16:24 GMT

DUBLIN, May 24, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Agriculture And Farm Equipment/Machinery Market, 2014-2025" report to their offering.

The global agriculture equipment/machinery market is expected to reach USD 243.4 billion by 2025. The rising population has escalated the demand for food and pressurized the agriculture sector to be increasingly efficient and productive. This is anticipated to drive the demand for farm equipment market across the globe over the forecast period.

Agriculture/Farm machinery includes a variety of tools and machinery that are used in several agricultural processes to improve output and enhance the overall quality of crops. Reduced labor availability is another reason for the growing demand of farm equipment. Agriculture is a labor-intensive and time-consuming process. Labor employment has become expensive, owing to the insufficient labor supply which is attributed to people opting other jobs.

Additionally, the increasing adoption of technology-driven agriculture equipment is also anticipated to drive market demand. Farmers are adopting modern agricultural technologies to increase farm yield, due to the increasing food demand. The technological advancements in agriculture automation and robotics are fuelling the espousal of farm equipment across the globe.

The growth is also estimated to be driven by the increasing sales in developing nations, such as India, China, and Brazil, as these countries continue to mechanize their agricultural sectors. Furthermore, a strong economic growth and population expansion are expected to impose pressure on the agriculture sectors to be more competent, thus increasing sales.

Companies Mentioned

  • AGCO Corporation
  • Agrocenter Ltd.
  • Agromaster
  • Amazone Ltd.
  • APV - Technische Produkte GmbH
  • Bellota
  • CLAAS KGaA mbH
  • CNH Industrial N.V.
  • Escorts Group
  • Horsch Maschinen GmbH
  • ISEKI & Co., Ltd.
  • J.CBamford Excavators Ltd.
  • John Deere (Deere & Company)
  • Kivon RUS
  • Klever
  • Kongskilde
  • Krukowiak PvtLtd.
  • Kubota Corporation
  • Kuhn Group S.A.
  • Kverneland A.S.
  • (10+ Others)

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Agriculture Equipment Market Variables, Trends & Scope

4. Agriculture Equipment: Product Outlook

5. Agriculture Equipment: Application Outlook

6. Agriculture Equipment Market: Regional Outlook

7. Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/mdvvzg/agriculture_and

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Related Links

http://www.researchandmarkets.com