Agricultural implements comprise of a wide range of manual & mechanical tools such as cultivators, over plows, threshers, seed drills, axes, chaff cutter machines etc. They aid in reducing labor and improving efficiency of agricultural activities. Agricultural implements include the use of tractors, ploughs, harvesters, and cultivators to assist in a range of agricultural activities. They also help to achieve the low crop yield in less time & minimum effort. One of the major advantages of these agricultural implements is that they can replace the manual labor. Rise in trend towards converting the traditional farm implements to sophisticated implements is promoting the growth of global agricultural implements market.
As per analysis, “Agricultural Implement Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global agriculture implement market include Kubota; CNH; AGCO; John Deere; CLAAS and among others. The renowned companies are offering telematics systems to farmers for enabling the wireless transfer of data between equipment and its user. Telematics characterize as a technology of collecting the data from farm equipment operating in the field and then transferring this data to customers using internet on a real-time basis. This enables the farmers to slightly collect & manage the information from their field equipment, increase operational efficiencies and reduce the production costs.
Based on type, agriculture implement market is segregated as lawn & garden tractor, farm machinery & equipment and home town & garden equipment. The lawn & garden tractor and home lawn & garden equipment market is further sub-segmented by type into riding mowers, push lawn mowers, and others. Additionally, farm machinery & equipment type is further sub-segmented into haying machines, planting machines, milking machines, fertilizing machines, combines, food processing equipment, poultry boarders-feeders-waterers and plows. Lawn & garden tractor segment dominates the global market due to increase in number of tractors in small, medium and large farms. Based on operation, market can be segregated as manual operation, semi-autonomous operation and autonomous operation. Based on capacity, market can be segregated as small capacity, large capacity and medium capacity. In addition, based on application, market can be segregated as harvesting & threshing, post-harvest & agro-processing, plant protection, sowing & planting, land development & seed bed preparation, weed cultivation, and other applications.
The agriculture implement market is driven by growth in technological advances in agricultural equipment, followed by increase in mechanization of various agricultural activities for instance plowing, planting and harvesting. However, lack of awareness among farmers about benefits of using agricultural implements may impact the market.
Based on geography, the Asia-Pacific is a leading region in global agriculture implement market owing to increase in availability of specific equipment across the region. The North-America and Europe regions are estimated to witness higher growth rate due to presence of well-functioning regional agricultural sector coupled with high awareness of local products over the forecast period. It is predicted that future of the global agriculture implement market will be bright as a result of increase in government support for adoption of technologically advanced agricultural equipment during the forecast period.
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Global Agricultural Implement Market
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