Farm mechanization automates the agricultural process by utilizing the agricultural machinery with the aim to increase the productivity and profitability of farm workers. This mechanized farming technique helps the farmers to gain accuracy in farm operations, delivers precision in metering and placement of inputs, lowers the available input losses, enhances the utilization efficiency of expensive inputs such as seed, chemical, fertilizer, irrigation, and water, and reduces the unit cost of the total produce. Farm mechanization also aids in the conservation of the agricultural produce and by-products from quantitative and qualitative damages, enables the establishment of agro-processing enterprises for additional income, and employment generation from farm produce.
The tractor segment is one of the highest revenue generating sectors in the farm mechanization market. Factors such as the increasing rate of farm mechanization and the low availability of manual labor are likely to boost this segments growth in the future. Moreover, the growth of the rural sector supported by government subsidies for food, fertilizers, agricultural equipment, and programs to waive farm loans have helped the tractor market in India grow robustly.
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In 2018, the global Farm Mechanization market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Farm Mechanization status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Farm Mechanization development in United States, Europe and China.
The key players covered in this study
John Deere
Mahindra
TAFE
International Tractors
AGCO
Beri Udyog
CLAAS
CNH Industrial
Daedong Industrial
Escorts Group
Fotol Lovol
Kubota Tractors
KUHN Group
Lemken India
McCormick
Pottinger
SDF Group
Market segment by Type, the product can be split into
Tractor
Harvester
Power Tiller
Rice Transplanter
Laser and Leveler
Other
Market segment by Application, split into
Government
Individual Users
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
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The study objectives of this report are:
To analyze global Farm Mechanization status, future forecast, growth opportunity, key market and key players.
To present the Farm Mechanization development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Farm Mechanization are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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