Global Agriculture Machinery Market 2014-2018: Order report by calling ReportsnReports.com at +1 888 391 5441 OR send an email on [email protected] with (Agriculture Machinery Market) in subject line and your contact details.
One of the major trends in the Global Agricultural Machinery market is the arrival of new technology. For instance, farmers all over the world are trying to increase their agricultural output by planting more crops in a farmland. There are certain limitations to manual seeding, such as lack of uniformity in distribution. Mechanization helps to provide uniformity while performing various agricultural tasks, such as sowing. Additionally, mechanization helps apply the proper fertilizer evenly such that seeds can properly germinate. The speed and accuracy of mechanization has made it an attractive proposition as compared to the traditional alternative of manual labor. Moreover, modern tractors are equipped with features such as modern sensors and GPS, which aids farmers in increasing productivity.
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Analysts forecast the Global Agricultural Machinery market to grow at a CAGR of 7.97 percent over the period 2013-2018. According to the report, one of the major drivers leading to an increased demand for agricultural machinery is the increasing global population. The increasing population has led to a rising demand for food and related products over the past few years. The growth of the population is particularly high in Asia compared to other continents. This is mainly due to the presence of countries such as India and China which are the two most populous countries in the world. Various governments are focused on increasing food productivity to meet the needs of a growing population. This has increased the demand for agricultural machinery that is equipped with modern technologies.
The report states that the cost of major raw materials used in the manufacture of agricultural machinery, such as steel, rubber, and iron, has increased significantly over the past few years. The volatility of the prices of these raw materials poses a serious threat to the vendors. These vendors are striving to produce highly efficient agricultural machinery at affordable costs in order to cope with the increasing competition. This could affect their profit margins, thereby adversely affecting the market as whole.
Global Agricultural Machinery Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global region; it also covers the Global Agricultural Machinery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Global Agriculture Machinery Market: AGCO Corp., CNH Industrial N.V., and Deere and Company.
Other vendors mentioned in the report are Claas KGaA mbH, Escorts Group, Iseki & Co. Ltd.Kubota Tractor Corp., Kuhn Group, Kverneland Group, Mahindra & Mahindra Ltd., Same Deutz-Fahr Deutschland Gmbh, and Tractors and Farm Equipment Ltd.
Key questions answered in this report:
* What will the market size be in 2018 and what will the growth rate be?
* What are the key market trends?
* What is driving this market?
* What are the challenges to market growth?
* Who are the key vendors in this market space?
* What are the market opportunities and threats faced by the key vendors?
* What are the strengths and weaknesses of the key vendors?