This Report analyses the important factors of Global Agricultural Machinery Market based on present and emerging industry situations, market demand, supply, business strategies utilized by leading market players and their growth synopsis and trajectory. This report divides Global Agricultural Machinery Market based on the Key players, Type and Regions with indicative Cost structure and driving factor analysis.This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
Agricultural Machinery Market
The market has been valued at USD XX million in the year 2017 and is expected to grow into a USD XX million market by 2022, at a CAGR of XX% during the forecast period. Britain is developing a new technology which is known as “robo farmers,” which is a small autonomous tractor and harvester for growing a hectare of crops. These tractors will be monitored by the drones and special ground roaming vehicles. As per researchers, post the development of this technology, farmers need not set foot on field again.
Equipment like tractors, cultivators, ploughs and harrows, de-stoners, tillers, and sorters are some of the most common agri-mechanization equipment. Of late, trucks, airplanes and helicopters are being used for farming in North America due to large fields and the absence of manual labor.
Market Dynamics
The factors that are driving this market are population growth, urbanization and higher productivity demand with the shrinking agricultural land throughout the globe, which have led to the growth in demand for agricultural machinery. Technological advancement for developing more efficient products, while keeping in mind the country-specific requirements, will provide opportunities for future growth of the sector. Environmental constraints, fluctuating prices of farm conditions, erratic weather conditions, and labor availability are considered as the restraints for this market.
Market Segmentation
The global agricultural machinery market segmentation is done by the machinery type and geography.
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By Machinery Type:
Tractors
Plowing and Cultivating Machinery
Planting and Fertilizing Machinery
Fertilizing Machinery
Harvesting Machinery
Haying and Forage Machinery
Irrigation Machinery
By Geography:
North America
Europe
Asia-Pacific
South America
Africa
The market estimations in this report are based on the marketed sale price of Global Agricultural Machinery Market (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders).
Some of the key players in the global agricultural machinery market include –
Deere and Company
AGCO Corp.
CNH Industrial N.V
Kuhn Group
Kverneland Group
Escorts Group
Kubota Tractor Corp.
Key Deliverables of the Study
Market analysis for the global agricultural machinery market, with region-specific assessments and competition analysis on global and regional scales.
Market definition, along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global agricultural machinery market on both, global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
Major players in the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Players; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, Market Share (%), Growth Rate (%) and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
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