Agricultural machinery market is expected to grow at a rate of 4.00% in the forecast period 2021 to 2028. Increase in investments towards agriculture from government to maintain the highest productivity from the agricultural fields is the major factor driving the growth of agricultural machinery market in the forecast period of 2021- 2028.
The Global Agricultural Machinery Market report brings into light key market dynamics of the sector. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis. It presents the 360-degree overview of the competitive landscape of the industries. Agricultural Machinery Market is showing steady growth and CAGR is expected to improve during the forecast period.
The increasing rates of mechanization in developing countries is the vital factor escalating the market growth, also rise in the number of large agricultural producers and new rural organizations engaged in farming, rising adoption of modern technologies by farmers to increase farm yield and meet the soaring demand for food, increase in the population all over the globe is increasing the demand for food, increasing pressure on agriculturists to innovate time- and cost-efficient methods of production, rising number of government subsidies, escalating number of suppliers, increasing disposable income of the urban population creating demand for higher quality and organic agricultural products, increase in crop production for biofuels, growing agricultural productivity in the available land and rising export of agricultural products focused to the international market are the major factors among others driving the growth of agricultural machinery market. Moreover, growing usage of cost-cutting strategies for designing farm equipment and modernization in the production techniques will further create new opportunities for agricultural machinery market in the forecast period of 2021- 2028.
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The major players covered in the agricultural machinery market report are Kverneland AS, GRIMME UK Ltd, LEMKEN GmbH & Co. KG, Ribouleau Monosem, AMAZONEN-WERKE H. Dreyer GmbH & Co. KG, Oxbo International Corporation., Hagie Manufacturing Company, LLC., Apache River LLC dba Double L, AGCO Corporation, CNH Industrial N.V. Brand, Deere & Company, Kinze Manufacturing, CLAAS KGaA mbH, CNH Industrial America LLC, KUBOTA Corporation., Argo Tractors S.p.A., Zoomlion and Heavy Industry Science&Technology Co., Ltd among other domestic and global players.
Scope of the Agricultural Machinery Market Report:
The research examines the key players in the Global Agricultural Machinery Market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. It also sheds light on the vendor landscape, helping players to foresee future competitive movements in the global Agricultural Machinery business.
This study estimates the market size in terms of both value (millions of dollars) and volume (millions of units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Agricultural Machinery market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.
Agricultural Machinery Market Scope and Market Size
Agricultural machinery market is segmented on the basis of type and application. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- Based on type, the agricultural machinery market has been segmented into tractors, ploughing and cultivating machinery, planting machinery, irrigation machinery, harvesting machinery, and other types. Tractors emerged as the doimnating product category and contributed to over more than 25.0% of the total revenue in 2018. It is an essential farm machinery which is used for several activities, both as a standalone equipment and in tandem with other implements. Moreover, the rising sale of tractors is expected to continue over the forecast period due to increasing rate of mechanization along with growing population. Harvesters is the second largest dominating segment which is expected to account for a share of over 21.0% in the agriculture equipment market.
- On the basis of application, the agricultural machinery market is segmented into alloy production, agriculture, polishing, aerospace and others.
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Regional Analysis of the Agricultural Machinery Market:
The global Agricultural Machinery Market research report details the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the Market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors.
➛ North America (United States, Canada, and Mexico)
➛ Europe (Germany, France, UK, Russia, and Italy)
➛ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
➛ South America (Brazil, Argentina, Colombia, etc.)
➛ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Post-covid-19 Outlook:
The readers in the section will understand how the Agricultural Machinery Market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, and supply chain. The Market experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall market in the years to come.
What insights does the Agricultural Machinery Market report provide to the readers?
➜ Agricultural Machinery fragmentation on the basis of product type, end-use, and region
➜ Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape
➜ Collaborations, R&D projects, acquisitions, and product launches of each Agricultural Machinery player
➜ Various regulations imposed by the governments on the consumption of Agricultural Machinery in detail
➜ Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Agricultural Machinery Market.
There are 13 Sections to show the global Agricultural Machinery market:
Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue, and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%), and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast
Chapter 13: Agricultural Machinery Market Research Findings and Conclusion, Appendix, methodology, and data source
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