AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Farm Equipment Market Analysis & Outlook During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

January 8, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 8, 2020--

The “Farm Equipment Market by Product and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.

Global Farm Equipment Market: About this market

The farm equipment market analysis considers sales from implement, combines, sprayer, and baler products. Our study also finds the sales of farm equipment in APAC, Europe, MEA, North America, and South America. In 2019, the implement segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the growing preference for environmental sustainability will play a significant role in the implement segment to maintain its market position. Also, our global farm equipment market report looks at factors such as the growing number of acquisitions and partnerships, government initiatives to support sustainable agriculture practices, and the increasing global population and demand for food. However, the growth of the organic food industry, declining availability of arable land, and stringent regulations may hamper the growth of the farm equipment industry over the forecast period.

Global Farm Equipment Market: Overview

Increasing global population and demand for food

The market is driven by the increasing global population and the corresponding increase in the demand for food. Also, the availability of farm equipment through rentals is anticipated to boost the growth of the farm equipment market further. The agricultural sector is focusing on increasing agricultural output and food production to keep up with the rising food demand. Thus, an increased global population and growing demand for food will lead to the expansion of the global farm equipment market at a CAGR of almost 5% during the forecast period.

Increasing availability of farm equipment through rentals

The increasing availability of farm equipment through rental facilities has been significant for market growth. Rental services also help end-users to save on the initial investments required to purchase farm equipment. The availability of farm equipment on a rental basis allows end-users to gain access to machinery that incorporates the latest technologies. End-users also do not have to worry about servicing and maintenance. Several start-ups are entering the rental space for farm equipment. This development is expected to have a positive impact on the overall market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY PRODUCT

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/covlan

View source version on businesswire.com:https://www.businesswire.com/news/home/20200108005685/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press 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

KEYWORD:

INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES OTHER MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/08/2020 11:42 AM/DISC: 01/08/2020 11:42 AM

http://www.businesswire.com/news/home/20200108005685/en