DUBLIN, Mar 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Agricultural Machinery Market- By Type, Application and Geography-Market Shares, Forecasts And Trends (2016 - 2021)" report to their offering.
Agricultural machinery manufacturers are at the forefront of change and evolution of the agriculture sector giving rise to modern day integrated farm management approach. Population growth, urbanization, higher productivity demand with a shrinking agricultural land base throughout the globe, are only some of the factors which have led to the growth of total agriculture machinery demand. Apart from developed countries, developing countries exhibit strategies to minimize food insecurities in a world plagued by erratic weather conditions. This has amounted to a slow, but steady adoption of modern agri-machinery and equipment by developing countries as well. Quite clearly, technology advancement for developing more efficient products while keeping in mind the country specific requirements will provide opportunities for future growth of the sector.
Besides a massive scope for development, the major constraints the sector is facing are: environmental constraints, fluctuating prices of farm commodities, erratic weather conditions, labour availability, and more. All these factors affect the growth rate of the agricultural sector. That, in turn, affects the agri-machinery industry.
North American, European and Australian markets are some of the more affluent, urbanized markets with between 700-1850 tractors per 1000 farmers. This number dwindles down to 3-5 tractors per thousand farmers in areas in Asia Pacific (countries like India, China), and Africa (especially sub-Saharan Africa). Regionally India and China provide great scope of growth due to continued support from government bodies. Globally, Agri machinery market $is expected to grow at 8.00% over 2015-2020.
- Deere and Company
- AGCO Corp.
- CNH Industrial N.V
- Iseki & Co. Ltd.
- Kuhn Group
- Kverneland Group
- Escorts Group
- Kubota Tractor Corp
- Claas KGaA & GmbH
- Mahindra & Mahindra Ltd.
- Tractors and Farm Equipment Ltd.
- Same Deutz-Fahr Deutschland GmbH
- ARGO SpA
- Alamo Group Incorporated
- Bucher Industries AG
- Daedong Industrial Company Limited
- (20+ Others)
Key Topics Covered:
2. Key Findings of the Study
3. Market Dynamics
4. Market Segmentation
5. Competitive Landscape
6. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/gdrvn7/global
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-agricultural-machinery-market---forecasts--trends-2016-2021---environmental-constraints-fluctuating-prices-of-farm-commodities--erratic-weather-conditions-limit-growth---research-and-markets-300421864.html
SOURCE Research and Markets