Agricultural Equipment Market: Global Industry Analysis and Forecast to 2020 by Persistence Market Research

New York, NY, December 10, 2014 --(PR.com)-- Agriculture equipment is any type of machinery that is used on a farm for farming purposes. The agriculture equipment market is increasing with the introduction of novel technology in the field of agriculture. It helps in making the harvest season simpler and more profitable. Increasing global population boost the demand of food grain and rising per capita calorie intake increasing pressure on agriculture sector to become more productive and highly efficient. This leads to drive the demand for agricultural equipment market all across the globe.

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Agricultural equipment contains a wide range of machinery and tools, which help in various farming processes in order to improve the output and to enhance the overall quality of crops. Various agricultural equipments include seed driller, transplanters, threshers, sprayer, tillers, balers, rotavators and reaper. Agriculture equipment industry is not only growing at a swift pace, but it also plays an important role in the growth of a global economy. Increasing sophisticated technology in agriculture equipment leads to reduce the overall cost farming. Growth of such technology and investment on research and development in agriculture equipment plays a key role in the growth of global agriculture equipment market.

Asia Pacific region accounted the largest agricultural equipment market around the world. China and India are the two largest growing markets. Growing large population in these two countries increased the overall demand of food. China alone holds one-third market of global agriculture equipment. To get significant gains in terms of efficiency and larger production of food the demand of harvesting machinery is growing in India. Farm tractors are largest product segment in agricultural equipment market. Developing nations across the world get substantial funds and assistance for the betterment of their agricultural productivity through farming process automation. This helps in rise if global agriculture equipment market.

Key points covered in the report:

1) Report segments the market on the basis of types, application, products, technology, etc (as applicable)
2) The report covers geographic segmentation
North America
Europe
Asia
RoW
3) The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
4) The report provides company profiles of some of the leading companies operating in the market
5) The report also provides porters five forces analysis of the market.

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