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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.
Scope of the Report:
This report studies the Farm Mechanization market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Farm Mechanization market by product type and applications/end industries.
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 segment's 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.
The global Farm Mechanization market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Farm Mechanization.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- John Deere
- International Tractors
- Beri Udyog
- CNH Industrial
- Daedong Industrial
- Escorts Group
- Fotol Lovol
- Kubota Tractors
- KUHN Group
- Lemken India
- SDF Group
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Power Tiller
- Rice Transplanter
- Laser and Leveler
Market Segment by Applications, can be divided into
- Individual Users