Asia and Africa Demands For the New Agriculture Machinery and Equipment, thus boosting its Market

Agriculture machinery and equipment is any type of machinery that is used on farm for farming. It helps to bring farmers farm-tech prosperity, making harvest season simpler, and more profitable. The main application of agriculture machinery is traction and power, soil cultivation, planting, fertilizing and pest control, irrigation, producing sorter, hay making, harvesting, loading, milking. The key agriculture equipment includes tractors, harvesting, seeding machinery and other machinery such as wool pressers, grinders, windmill, and mixers.

Source: http://www.transparencymarketresearch.com/agriculture-machinery-equipment.html

According to the report, by TMR named- ?Agriculture Machinery and Equipment Market?, the global agriculture machinery and equipment market will continue to enjoy growth due to strong drivers such as population expansion and rapid economic growth in emerging countries.

The demand for agriculture machinery and equipment is also driven by the positive projections for next season?s farm income and crop production. Technological advancement is also fuelling the demand for agriculture machinery and equipment. Advanced technologies have helped achieve higher agriculture gains and with new equipment, it has become economically feasible for farmers to replace their outdated machinery.

Some of the application areas of agriculture machinery and equipment are:

> Soil Cultivation
> Milking
> Loading
> Harvesting
> Hay Making
> Producing Sorter
> Irrigation
> Fertilizing and Pest Control
> Planting
> Traction and Power

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The global agriculture machinery and equipment market is divided into Europe, Asia Pacific, North America, and Rest of the World (RoW). The demand for machinery in Asia and Africa is more than twice as compared to other. Regions such as North America, Europe, and Australia have huge farms and thus are traditional markets for agriculture equipment and machinery.

Players in the global agriculture machinery and equipment market will greatly benefit from the significant growth opportunity presented by China and India.

Some of the key players operating in the global agriculture machinery and equipment market are:

> YTO Group
> Kubota
> Mahindra and Mahindra
> AGCO Corporation
> John Deere
> CNH Global NV

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