North America Ploughing And Cultivating Machinery Market - By Product Type, Application And Geography - Market Shares, Forecasts And Trends (2017 - 2022)
The North America ploughing and cultivating agrimachinery market was XX million US$ in 2014 and expected to reach XX million US$ by 2020 growing at a CAGR of XX% during the forecasted period 2015-2020. Ploughing and cultivating machines are used for soil cultivation to improve the fertility, destroy insects and eggs, unwanted seeds and condition the soil. It homogenies and condition the upper 12-25 cm of soil and bring fresh nutrients.
The major application of ploughing machinery are in cultivating soils for better yield of crops. North America is the largest market for the agrimachinery in the world with the usage of extensive farming in the region in support with the new technological designed farm machinery.
North America is the leading region in the production and export of agriculture products and farm machineries and high agriculture practice in the region has increased the demand of the ploughing and cultivating machineries market. The other major driver for the market are innovation in technology, government subsidies for farm mechanisation and reducing time for ploughing and labour requirement. The various new technological advancement in agrimachinery such as driver less spraying robot, GPS, Google earth which has driven the smart farming by reducing the production cost and minimizing power and source wastage. However the increase in soil erosion has reduced the use of ploughing by the application of shallower or other less invasive and penetrating tillage practices which has become a restrain for ploughing machinery market. The practice of natural ploughing with the help of microorganisms to aerate and cultivate the soil is also affecting the market growth. High cost of machine, shrinkage of agriculture area, and high energy requirement are other factors restraining the market.
The market segmentation is done on the basis of product type, application type and by geography. The product type market is further segmented into plough, harrows, tiller, cultivator, and other soil cultivating machineries. Cultivators, harrows, hoes and ploughs are the major type of products used for cultivation which covers around 30% of the total offerings.Market segmentation according to application type involves soil loosening, cold size reduction, cold sorting, smoothening, compaction and consolidation. Soil conditioning and loosening application covers the largest market among others for ploughing and cultivating machinery application.
Market analysis for the North America Ploughing and cultivating machinery Market, with region specific assessments and competition analysis on North America and regional scales.
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a North America and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the North America Ploughing and cultivating machinery market on both North America 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 in which this industry is blooming and to also identify the regions that are still untapped