Global Agricultural Machinery Market
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.
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.
The global agricultural machinery market segmentation is done by the machinery type and geography.
By Machinery Type:
Plowing and Cultivating Machinery
Planting and Fertilizing Machinery
Haying and Forage Machinery
Some of the key players in the global agricultural machinery market include –
Deere and Company
CNH Industrial N.V
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.