The global agricultural equipment market size was considerably robust in 2020 and is expected to register a stable revenue CAGR during the forecast period.
NEW YORK CITY, NEW YORK, USA, Nov 27, 2021 /EINPresswire.com/ – Reports and Data recently added a new research report titled “Global Agricultural Equipment Market – Industry Analysis, Size, Share, Growth, Trends, & Forecasts 2021-2028. The report offers a comprehensive assessment of the agricultural machinery industry and provides details of recent developments in the global agricultural machinery market to help the reader, user and investor to get a clear idea of ââthe current dynamics. of the market. The report offers detailed information on the market size, revenue growth, market share, drivers, restraints, growth opportunities and challenges as well as major companies. The report is formulated through extensive primary and secondary research and is carefully evaluated by industry experts.
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The global agricultural equipment market is witnessing rapid growth in terms of revenue over the past few years and is expected to account for significantly higher revenue share during the forecast period. Agriculture is one of the fastest growing sectors. Increasing population across the globe and increasing demand for premium food are key factors driving the growth of the global market. Factors such as technological advancements in the agricultural sector, adoption of the latest agricultural techniques, and the high use of organic fertilizers and sustainable products to increase crop yields are fueling the growth of the global market. In addition, growing concerns about water scarcity, rapid integration of ICTs and aerial seeding, increased government support and funding from several public and private organizations are expected to further contribute to the growth of the country’s income. Marlet.
The report further throws light on the competitive landscape and provides detailed information about each market player including their global position, product portfolio, revenue growth, financial position, and company overview. Market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a solid base in the market. Some of the major players in the global agricultural equipment market are listed below.
The major companies in the global agricultural equipment market are John Deere, AGCO, Mahindra & Mahindra, CNH Industrial NV, Iseki & Co., Ltd. and Kubota.
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Global segmentation of the agricultural equipment market:
Type Outlook (Revenue, Billions USD; 2018-2028)
â¢ Planting material
â¢ Row crop planters
â¢ Pneumatic seed drills
â¢ Seed drills
â¢ Irrigation and crop treatment equipment
â¢ Spray equipment
â¢ Hay and forage equipment
Application Outlook (Revenue, USD Billion; 2018-2028)
â¢ Land development and seedbed preparation
â¢ Sowing and planting
â¢ Cultivation of weeds
â¢ Plant protection
â¢ Harvesting and threshing
â¢ Post-harvest and agro-processing
â¢ North America
â¢ Asia Pacific
â¢ Latin America
â¢ Middle East and Africa
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Key questions addressed in the report:
â¢ What is the expected size of the global agricultural equipment market throughout the forecast period?
â¢ What CAGR is the global market expected to register between 2021 and 2028?
â¢ What key players are exploiting the Global Agricultural Equipment Market?
â¢ What key factors are driving the growth of the global market?
â¢ What are the main constraints that are expected to hamper the growth of the global market?
â¢ What are the main results of Porter’s five forces analysis?
â¢ Which regional market is expected to register the highest CAGR throughout the forecast period?
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