All Press Releases for October 20, 2014

Asia Pacific Agricultural Equipment Industry Outlook to 2018 - Expanding Market for Large Sized Tractors

Rising farm income and government subsidies to aid agricultural mechanization in Asia Pacific: Ken Research



    NEW DELHI, INDIA, October 20, 2014 /24-7PressRelease/ -- Asia Pacific is an agriculturally rich region. Several Asian countries are the largest producers of various crops in the world. Despite this, the region has always been facing food security issues. Therefore, countries are taking significant initiatives towards increasing food productivity to support its rapidly growing population.

Mechanization of agricultural process is advancing steadily in Asia. The demand for agricultural machinery is largely due to need for improving food productivity and the replacement of declining farming population in the region. Over the last decade, governments of countries within Asia are responding in support of the agricultural machinery industry through subsidies, incentives and new enhanced regulations in an effort to facilitate the development and modernization of the industry.

"Realizing the importance of automation of agricultural processes, governments of Asian countries are increasing their support towards farmers for buying agricultural machinery"- according to the research report 'Asia Pacific Agricultural Equipment Industry Outlook to 2018 - Expanding Market for Large Sized Tractors' by Ken Research.

The report provides detailed overview of the sales agricultural equipment in countries including China, India, Japan and Australia, and helps readers in identifying the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, agricultural equipment manufacturing enterprises, dealers of agricultural equipment, marketing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

Major Countries Covered:
- India
- China
- Japan
- Australia
- Thailand
- Vietnam
- South Korea

Key Products Mentioned in the Report
- Tractors
- Combine Harvesters
- Power Tillers
- Cotton Processing Machinery
- Rotavators
- Rice Transplanters
- Threshers
- Balers

Companies Covered in the Report
- John Deere
- CNH Global
- AGCO
- YTO Group
- Foton Lovol
- Mahindra and Mahindra
- Sonalika
- Kubota Corp.
- Yanmar
- CLAAS

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