The Europe Farm Mechanization Market was worth USD xx billion in 2019 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2024.
Farm Mechanization is the process in which agricultural machinery is used for farming purposes. The use of machinery in farming increases farm productivity while reducing the manual labor required. The machinery available in the current market includes harvesters, tractors, levelers and several farm implements. Large scale production is highly beneficial with the use of farming machinery rather than small scale farming.
By reducing labor requirements, efficient use of resources such as fertilizers, chemicals, water and seeds and by increasing the crop yield, usage of machinery results in increased profits. The usage of machinery in the post-harvest process is very useful. By using primary processing technology, wastage of agricultural produce is minimized. Further development of low-cost post-harvest technologies and scientific storage are trending in the farm mechanization market.
The economic benefits associated with the usage of machinery in farming, technological innovations, and the production of low-cost machinery are the major factors driving the market. The introduction of machinery which uses alternative fuels and government investments in encouraging farmers to use farming machinery by giving incentives are also propelling the market growth. However, high initial cost of the machinery is hindering the market growth.
The Farm Mechanization market is categorized by product and region. Based on the product, the market is categorized into Combine Harvester, Tractor, Rice Transplanter, Power Tiller, and Land leveler. Tractors hold the largest market share in the product segment. It is due to the evolved tractor technologies and due to the presence of several companies in the market which provides them. Harvesters also contribute significantly to the farm mechanization market due to the reduced wastage of agricultural produce using these compared to manual harvesting. Tillers and land levelers are increasing in market size due to the high market penetration.
On the basis of region, the Europe Farm Mechanization market is categorized into U.K, Germany, France, Spain, and Italy. Germany leads the Europe farm mechanization market with almost 25% market share in this region. Germany is followed by Italy. It is due to the large scale industrial revolution in this region.
Key Players :
Some of the major players in the Farm Mechanization market are John Deere, CNH Global, AGCO, Alamo Group, Kubota, International Harvester, TAFE, CLAAS, and Mitsubishi.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Combine Harvester
5.1.3 Tractor
5.1.4 Rice Transplanter
5.1.5 Power Tiller
5.1.6 Land leveler
5.1.7 Y-o-Y Growth Analysis, By Product
5.1.8 Market Attractiveness Analysis, By Product
5.1.9 Market Share Analysis, By Product
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 John Deere
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 CNH Global
8.3 AGCO
8.4 Alamo Group
8.5 Kubota
8.6 International Harvester
8.7 TAFE
8.8 CLAAS
8.9 Mitsubishi
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
