Belgium Agriculture Machinery Market Ecosystem
Belgium Agriculture Machinery Market is a moderately consolidated market which is still in the growing phase. With increasing innovation in the agriculture sector, integration of Agriculture 4.0 and the use of smart farming are some of the factors that will drive the Belgium Agriculture Machinery Market. Some of the major players in the Belgium Agriculture Machinery Market are MTZ (Minsk Tractor Factory), New Holland, ASI, Oliver Farm Equipment Company and John Deere etc.
Key Market Findings:-
- With the growing demand for agricultural commodities and an increasing number of government subsidiaries for purchasing agricultural equipment are contributing to the Belgium agriculture machinery market growth.
- With the adoption of new technology, agriculture 4.0 and the adoption of smart farming is fueling the growth of Belgium's agriculture machinery market.
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Smart Farming: To increase production and efficiency, farmers have begun implementing some of the most significant high-tech farming and agricultural practices and technology. For instance, many farmers are installing sensors in their fields to enable them to receive detailed maps of the area's resources and geography as well as information on factors like soil temperature and acidity. Additionally, they have access to information on predicted weather patterns and the climate for the upcoming days and weeks. Farmers are also using their cell phones to collect data and statistics on the production and feeding of their livestock as well as to remotely monitor their crops, livestock, and equipment. This Smart farming will increase the growth of the agriculture machinery market in Belgium.
Integration of Agriculture 4.0: Agriculture 4.0 refers to the rising focus on adopting precision agriculture, the Internet of Things, Artificial Intelligence (AI), and big data to increase the efficiency of farming. Agriculture 4.0 is the integration of precision farming actions in the agricultural sector that are based on precise and accurate analysis of data and information that are collected through advanced tools and technologies. The use of Agriculture 4.0 in Belgium's agriculture market which includes systems that employ drones, robotics, vertical farms, artificial intelligence, and solar energy, among others will enable farmers and companies to Integrate digital technology into farming practices which will increase their yields, reduce costs associated with farming, minimize crop damage and optimize usage of fertilizers, water, and fuels. This is also expected to reduce costs and provide high-quality food which will lead to growth in Belgium's agriculture machinery market.
Increasing Innovation: The development of cutting-edge technologies is leading to a wide range of notable applications, including crop health monitoring, crop productivity analysis, soil nutrition management, rainfall monitoring, and pest infestation monitoring, which is opening up numerous opportunities for farmers, consumers, and other stakeholders to increase crop yield and quality. The development of decision support tools, remote monitoring and fertilizing systems, and automated irrigation systems as a result of increased research and development efforts is assisting businesses in reducing costs and maximizing employee productivity. Further drawing significant attention and investment, these cutting-edge technologies have the potential to increase food production while reducing environmental harm.
Analysts at Ken Research in their latest publication “Belgium Agriculture Machinery Market Outlook to 2027F – Segmented by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & Below, 75HP-105HP and Above 105HP), By Rice Transplants (By Rows: 4Row, 6Row and 8Row)” observed the potential of the agriculture machinery Market in Belgium. With the rising awareness of advance equipment, increasing demand for agriculture equipment rental services, use of smart farming, and integration of Agriculture 4.0 along with strong government support are expected to contribute to the market growth over the forecast period. The Belgium Agriculture Machinery Market is expected to grow at ~% CAGR over the forecasted period 2022P-2027F.
Key Segments Covered: -
Belgium Agriculture Machinery Market:
By Product, 2022P & 2027F:
- Tractors (2 Wheel and 4 Wheel)
- Combine Harvesters
- Agriculture Implements
- Rice Transplanters
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By Tractors, 2022P & 2027F:
- 8HP – 15HP
- 20HP – 35HP
- 36HP – 47HP
- 48HP – 75HP
- 75HP – 100HP
- 100HP – 120HP
- Above 120HP
By Combine Harvesters, 2022P & 2027F:
- 70HP and Below
- 75HP – 105HP
- Above 105 HP
By Rice Transplanters, 2022P & 2027F:
- 4 Row RT
- 6 Row RT
- 8 Row RT
Key Target Audience
- Existing Agricultural Machinery Companies
- New Market Entrants - Domestic OEMs
- New Market Entrants - Foreign OEMs
- Agricultural Machinery Financing Companies
- Government Bodies
- Investors & Venture Capital Firms
- Agricultural Machinery Manufacturers
- Agricultural Machinery Distributors
- Agricultural Machinery Associations
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Time Period Captured in the Report:
- Historical Year: 2017-2021
- Base Year: 2022P
- Forecast Period: 2022P– 2027F
Companies Covered:
- MTZ (Minsk Tractor Factory)
- New Holland
- ASI
- Oliver Farm Equipment Company
- John Deere
- Kuhn
Key Topics Covered in the Report
- Ecosystem of Belgium Agriculture Machinery Market
- Business Cycle, Timeline, and Value Chain Analysis of the Agriculture Machinery market in Belgium
- Belgium Agriculture Machinery Market Sizing, 2017- 2022P
- Market Segmentations of Belgium Agriculture Machinery Market by Agriculture Tractor Market (By Type: 2W and 4W Tractors, By Power: 8HP-15HP, 20HP-35HP, 36HP-47HP, 48HP-75HP, 75HP-100HP, 100HP-120HP and Above 120HP), Combine Harvester Market (By Power: 70HP & below, 75HP-105HP and Above 105HP), By Rice Transplanters (By Rows: 4Row, 6Row and 8Row)
- SWOT Analysis of Belgium Agriculture Machinery Market
- Growth Drivers of Belgium Agriculture Machinery Market
- Government regulations of Belgium Agriculture Machinery Market
- Government Incentives and Policies Agriculture machinery in Belgium
- Trends and Developments of Belgium Agriculture Machinery Market
- Challenges of Belgium Agriculture Machinery Market
- Competitive Analysis of Agriculture Machinery Market in Belgium
- End User Analysis of Agriculture Machinery Market in Belgium
- Future Outlook and Projections of Agriculture Machinery Market in Belgium, 2022P-2027F
- Market Opportunities and Analyst Recommendations
For more insights on market intelligence, refer to the link below: -
Future Outlook of Belgium Agriculture Machinery Market
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