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Agriculture Equipment Market Worth USD 253.28 Billion by 2028 | Agriculture Equipment Industry Exhibiting CAGR of 7.0% During 2021-2028

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Pune, India , April 25, 2022 (GLOBE NEWSWIRE) — The Global Agriculture Equipment Market size is anticipated to reach USD 253.28 billion by 2028 and exhibit a CAGR of 7.0% during the forecast period. The increasing favorable government initiatives, reduced import duties and interest rates, and the ease of financing are some of the factors expected to bolster the market’s growth in the forthcoming years. Fortune Business Insights has published this information in its report titled “Agriculture Equipment Market, 2021-2028”. The global market size stood at USD 148.41 billion in 2020 and is estimated to reach USD 157.89 billion in 2021.

The rising adoption of advanced technologies such as the internet of things (IoT), artificial intelligence (AI), flying drones, and others are likely to complement the market’s growth in the upcoming years.


Regional Insights-

Growing Contract Farming Acceptance to Boost Growth in Asia Pacific

Asia Pacific is anticipated to attain the largest global agriculture equipment market share in the coming years. India is considered a huge market for agriculture tractors globally. The rising contract farming acceptance and farm equipment renting services are expected to offer lucrative growth for the market.

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North America is predicted to experience robust growth due to the increasing mechanization of farming equipment and rising adoption of robotic systems.

Europe is likely to witness steady growth due to increased product output by supply chain process optimization. Increasing agriculture equipment utilization and labor shortages are expected to complement market growth.

Check Discount:

https://www.fortunebusinessinsights.com/enquiry/check-discount/agriculture-equipment-market-102665

Agriculture Equipment Market Report Scope & Segmentation:

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Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 7.0%
2028 Value Projection USD 253.28 Billion
Base Year 2020
Market Size in 2020 USD 148.41 Billion
Historical Data for 2017 to 2019
No. of Pages 120
Segments covered By Equipment Type, By Application , By Region
Agriculture Equipment Market Growth Drivers Favourable Government Initiatives to Amplify Market Growth
Growing Contract Farming Acceptance to Boost Growth in Asia Pacific
Key Players Launch New Products to Acquire Growth

Segmentation-

On the basis of equipment type, the market is categorized into soil preparation & cultivation equipment, agriculture spraying & handling equipment, irrigation & crop processing equipment, harvesting equipment, agriculture tractors, and others. On the basis of application, the market is segmented into after agro-processing, plant protection, threshing and harvesting, land development, and others. Geographically, the market is classified into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Report Coverage-

  • It offers valuable insights into the market’s regulatory scenarios.
  • It assimilates information on the latest market trends and industry developments.
  • It incorporates SWOT Analysis for precise prediction.
  • It sheds light on the COVID-19 pandemic’s effect on the market.
  • It highlights strategies adopted by key players to acquire growth.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

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Browse Summary of this Research Report:

https://www.fortunebusinessinsights.com/agriculture-equipment-market-102665

Drivers & Restraints-

Favorable Government Initiatives to Amplify Market Growth

The growing adoption of advanced technologies such as IoT, AI, flying drones, and others is anticipated to significantly magnify the global market. Advanced agriculture equipment enables manufacturers to develop products capable of meeting consumer demand, thereby aiding the market growth. Furthermore, the rising adoption of AI-integrated robotics in the agricultural type of equipment is complementing the market growth.

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The reduced import duties and interest rates, favorable government initiatives, and the ease of financing are some of the factors expected to bolster the market’s growth in the forthcoming years.

However, the swift urbanization and high migration of people from rural to urban areas are expected to restrain the agriculture equipment market growth.

Competitive Landscape-

Key Players Launch New Products to Acquire Growth

The key players emphasize technological advancements and equipment-manufacturing standards to improve market positions globally. They adopt ingenious growth strategies, including acquisitions, mergers, new product launches, and others to bolster their revenues and consumer bases. For instance, in March 2021, Deere & Company launched the new Self-Propelled Sprayers product range for 2022. HagieTM, the new Self-Propelled Sprayers, includes product lines STS20, STS16, and STS12. The new launch is aimed to help farmers manage and control unavoidable field conditions at several crop stages.

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Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/agriculture-equipment-market-102665

Table of Content

  • Introduction
    • Definition, By Segment
    • Research Methodology/Approach
    • Data Sources
  • Executive Summary
  • Market Dynamics
    • Macro and Micro Economic Indicators
    • Drivers, Restraints, Opportunities and Trends
    • Impact of COVID-19 on Agriculture Equipment Market
      • Short-term Impact
      • Long-term Impact
  • Competition Landscape
    • Business Strategies Adopted by Key Players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • Global Agriculture Equipment Market Share Analysis, 2020
  • Key Market Insights and Strategic Recommendations
  • Profiles of Key Players (Would be provided for 10 players only)
    • Overview
      • Key Management
      • Headquarters etc.
    • Offerings/Business Segments
    • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
      • Employee Size
      • Past and Current Revenue
      • Geographical Share
      • Business Segment Share
    • Recent Developments
  • Annexure / Appendix
    • Global Agriculture Equipment Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
      • By Equipment Type (USD billion)
        • Agriculture Tractors
        • Harvesting Equipment
        • Irrigation & Crop Processing Equipment
        • Agriculture Spraying & Handling Equipment
        • Soil Preparation & Cultivation Equipment
        • Others (Hay & Forage Equipment, trailers, etc.)
      • By Application (USD billion)
        • Land Development
        • Threshing and Harvesting
        • Plant Protection
        • After Agro Processing
      • By Region (USD billion)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

TOC Continued.

Speak to Our Analyst:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/agriculture-equipment-market-102665

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Have a Look at Related Research Insights:

Food Processing Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Pre-processing Equipment, and Processing Equipment), By Automation Type (Automatic, and Semi-automatic), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2020-2027

Waste Sorting Equipment Market Size, Share & Industry Analysis, By Material Type (Metal, Plastic, Cardboard & Paper, Others), By Application (Municipal and Industrial) and Regional Forecast, 2020-2027

HVAC Control System Market Size, Share & Industry Analysis, By Product (Traditional HVAC Control Systems, Smart HVAC Control Systems), By Application (Residential, Commercial and Industrial), and Regional Forecast, 2019-2026

About Us:

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner – Mahalunge Road, Baner,

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Pune-411045, Maharashtra, India.        

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US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

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Artificial Intelligence

Altair Announces Material Collaboration with HP Inc.

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HP data will bolster Altair® Material Data Center™ bridging gap between design and production of 3D-printed parts
TROY, Mich., June 24, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools. The collaboration will help break down traditional barriers to 3D printing adoption and ultimately help customers better design parts for Multi Jet Fusion and Metal Jet printers.

“Collaborating with HP will empower our customers to overcome the common challenge of access to accurate material property data, that often hinders the design and production of 3D-printed parts,” said Yeshwant Mummaneni, chief engineer, data management and analytics, Altair. “3D printing solutions are providing new and unique opportunities for businesses and industries of all sizes around the world – we are thrilled to continue providing best-in-class solutions and databases that help more people benefit from the technology and its adoption.”
The collaboration between Altair and HP bridges the often-siloed functions of the design and production of 3D-printed parts. As a result of the partnership, engineers with access to the Altair Material Data Center will be able to use HP material data to design efficient parts, conduct structural analysis using finite element analysis (FEA), and predict and fix manufacturing defects during design and simulation.
“3D printing is at the forefront of so many next-generation opportunities – we are delighted to reinforce Altair’s robust databases and solutions with our library of material information,” said Arvind Rangarajan, global head, software and data, personalization, and 3D printing, HP. “Partnering with a technological leader like Altair will help organizations worldwide develop better products, shorten timelines, and minimize the prototyping process to reduce waste.”
The collaboration will also benefit users of Altair® Inspire™ Print3D, which accelerates the creation, optimization, and study of innovative, structurally efficient additively manufactured parts by providing a fast and accurate toolset for the design and process simulation of parts made by metal binder jetting.
To learn more, visit Altair in booth #800 at RAPID + TCT June 25-27 or visit https://materials.altairone.com/page/landing to register for free access to the Altair Material Data Center.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
[email protected]
 
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Artificial Intelligence

FX Veteran John Bogue Joins ATFX as Director of Institutional Operation

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LONDON, June 24, 2024 /PRNewswire/ — ATFX, a leading global online trading broker, is pleased to announce the appointment of John Bogue as the Director of Institutional Operation. With over 30 years of experience in the FX market, John brings invaluable expertise in trading, prime brokerage, and e-brokerage to ATFX.

John’s extensive background includes significant roles at NatWest Markets Plc and Euronext FX Inc., formerly FastMatch. His deep understanding and seasoned oversight have been honed through his exposure to all facets of the FX asset class, including operations, risk management, and sales functions.
John’s prior position was as Director for EMEA FX at TraderTools. He was instrumental in rolling out their PriceOn™ algo offering across Europe, the Middle East, and Africa. His work significantly enhanced the technology’s penetration among banks and brokers within these regions.
“We are thrilled to welcome John Bogue to our team,” said Joe Li, Chairman at ATFX. “John’s relentless focus on accuracy, clarity, and prioritization of clients and team will be immensely beneficial as we continue expanding our capabilities and services.”
This recruitment is a strategic step for ATFX after their recent integration of PriceOn™ from TraderTools. With AI technology and algorithms, ATFX can optimize liquidity flow and provide top-notch services for institutional and retail clients. Competitive pricing accelerates global business growth and meets clients’ dynamic needs worldwide.
With the addition of John Bogue and ATFX’s recent hires of FX industry masters Drew Niv as the Chief Strategic Officer, Siju Daniel as the Chief Commercial Officer, Hormoz Faryar as Managing Director of Institutional, and Aditya Singh as Business Development Director International, this reaffirms ATFX’s commitment to long-term success and solidifies its position as a dominant player in the global financial marketplace.
About ATFXATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
For further information on ATFX, please visit the ATFX website: https://www.atfx.com. 
Photo – https://mma.prnewswire.com/media/2444530/IMG_John_Bogue.jpg

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Artificial Intelligence

Artlist Revolutionizes Video Creation with an Innovative AI Voiceover Feature

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Artlist becomes first creative asset platform to offer an in-product AI voice generator, unveiling an exclusive voice catalog
TEL AVIV, Israel, June 24, 2024 /PRNewswire/ — Artlist, a creative technology company that provides a vast catalog of royalty-free digital assets to empower brands and content creators worldwide, today announced its latest offering — an in-product AI voiceover generator for video creators. This groundbreaking feature marks a new era in content creation and another significant step in Artlist’s mission to empower brands and creators with everything they need to create videos in one place. The AI voiceover generator feature is included in the Artlist Max plan, offering even more value for the same price, and as a stand-alone plan.

To view the Multimedia News Release, please click:  https://www.multivu.com/players/uk/9276151-artlist-video-creation-innovative-ai-voiceover/
Artlist’s AI voice generator feature seamlessly integrates into existing workflows alongside Artlist’s music, sound effects, footage, and template offering. By eliminating the need for external voiceover services, brands and creators can save valuable time and resources, accelerating content creation and unlocking new storytelling possibilities.
“We’re excited to introduce the AI voiceover generator to our platform,” says Itzik Elbaz, Co-Founder and Co-CEO of Artlist. “This new feature will enhance the ability of brands and creators to craft immersive narratives and bring their visions to life with unmatched clarity and emotion. Whether you’re a high-end production company, an in-house creative team, or an emerging content creator, Artlist provides the tools you need to succeed in today’s competitive creator economy all in one place.”
Artlist’s voiceover feature represents a significant breakthrough in content creation, providing creators with unparalleled access to a unique, high-quality voice catalog crafted by top-tier artists. Creators can now enrich their videos with professional-grade narrations, elevating the quality of their content and captivating audiences like never before with an array of exclusive voices at their fingertips.
“We developed a catalog of exclusive voices with a goal of democratizing access to high-quality narrations, to enable brands and creators to enhance their videos with professional-grade voiceovers,” said Roee Peled, Chief Product Officer of Artlist. “By leveraging advanced AI and speech synthesis technologies, we can make it easier and more cost-effective for brands and creators to produce engaging voiceovers at scale.”
AI voiceover technology is rapidly transforming, offering increased efficiency, cost savings, and creative flexibility for content creators. This surge in popularity has led businesses and creators to recognize its potential to improve engagement and convey messages effectively. From promotional videos to tutorials and beyond, AI voiceover generator offers an efficient solution for capturing audience attention and driving results.
About Artlist 
Artlist is a leading creative technology company empowering global brands and individual creators with an extensive catalog of over 2.5 million high-quality, royalty-free digital creative assets, including music, sound effects, footage, templates, and plugins, made by award-winning artists. The company has over 26M users, including top-tier global brands like Google, Amazon, Microsoft, and Calvin Klein, who trust Artlist as a complete solution for video creation. With a simple global license and unlimited usage, Artlist’s mission is to enable creativity without limits through Artlist, its all-in-one video creation platform, and the Motion Array catalog for content creators. Artlist has been recognized as a top startup by Wired and LinkedIn. Founded in 2016, it has continued to revolutionize the creative industry by offering exclusive assets under a subscription-based model. For more information, please visit www.artlist.io.
Contact: Ravit Shimony, PR and Communications Manager at Artlist, [email protected]
Video – https://www.youtube.com/watch?v=16ggAKMeCsk&ab_channel=Artlist
 
 

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