The Laser Land Levelers Market will register a CAGR of over 5% by 2022

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Jan 03, 2019, 17:04 ET

LONDON, Jan. 3, 2019 /PRNewswire/ -- About this market
Increasing government support for laser land levelers to gain traction in the market. Government bodies are focusing on measures that increase the production and profitability of the agricultural sector to enhance the overall economic growth of the country. Technavio's analysts have predicted that the laser land levelers market will register a CAGR of over 5% by 2022.

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Market Overview
Growing demand for water saving technologies in agriculture
The farmers are focusing on preserving and expanding their water resources. Effective land leveling is an ideal option to optimize the use of water in agriculture.
Rising adoption of alternative land leveling methods
Laser land levelers are expensive compared to other methods of land leveling. Hence, the inclination towards other methods of land leveling may affect the potential growth of the global laser land levelers market.
For the detailed list of factors that will drive and challenge the growth of the laser land levelers market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including TOPCON and Trimble the competitive environment is quite intense. Factors such as the growing demand for water saving technologies in agriculture and the increasing government support for laser land levelers, will provide considerable growth opportunities to laser land levelers manufactures. CELEC, Deere & Company, HEXAGON, Mahindra & Mahindra, TOPCON, and Trimble are some of the major companies covered in this report.

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