Agriculture Machinery Market Disrupted by Autonomous Truck Technology
Jul 15, 2019
The global agricultural machinery market size was $175 billion in 2018, and its value is projected to grow at a CAGR of less than 6% during the forecast period 2019-2025.
Hyderabad, India - July 15, 2019 /MarketersMedia/ —
Global Agriculture Machinery Market: Demand Analysis and Growth Forecast
According to a recent business publication by IndustryARC the global agricultural machinery market size was $175 billion in 2018, and its value is projected to grow at a CAGR of less than 6% during the forecast period 2019-2025. This information is presented in a new market research report from IndustryARC, titled Agricultural Machinery Market. The report covers Agriculture Equipment Market Size by automation and by type of material Agriculture Equipment market share by top 5 companies and also the market share by start-ups during the forecast period.
Agricultural machinery is a machinery which is predominantly used in both organic and inorganic farming. Farm implements, hand tools, power tools, haying and forage equipment, irrigation machinery and tractors are majorly used equipment in the agriculture industry. Modern mechanized agriculture deals with starting from small hand-held implements to complex harvesters. Agricultural threshing machine reduces the time taken by a farmer in threshing grains and need of labor to produce cleaner agricultural products. Small and lighter machinery is widely used in agriculture fields to reduce soil erosion and also to improve the soil compactness.
View Full Table of Contents of Agriculture Machinery Market:
https://www.industryarc.com/Report/18653/agricultural-machinery-market.html
Global Agriculture Machinery Market: Leading Segments
Irrigation application holds a major share in the Agriculture Machinery Market and is estimated to grow at a healthy CAGR of nearly 10% over the forecast period 2019-2025. Advancements in smart irrigation machinery coupled with the on-farm sensor technologies, satellite vegetation imagery, and weather forecasting offers massive sources of big data for farmers to augment the use of inadequate water resources in developing crop yields with improved profits. On the basis of geographical analysis provided in the IndustryARC market research report, APAC region held a major share of around 40% - 45% among other regions of the Agriculture Machinery Market for the year 2018. Increasing government regulations and government assistance programs to modernize the agriculture process are rising the demand for agricultural machinery in Asian Countries such as Indonesia, China, India, and Japan. Established footprints of major agriculture machinery manufacturers in this region are retaining APAC to be the dominating region through to 2025.
Global Agriculture Machinery Market Trends
Emerging agriculture technologies to enhance the productivity of agricultural inputs and farming methods
Increasing usage of agricultural implements such as disc harrows, field cultivators, utility and turf, agricultural machinery used in the production of grains and oilseed crops, and also their utilization in livestock operations are majorly contributing for the growth of agricultural machinery market.
According to the American equipment manufacturers, 4WD tractor sales gained 38.2% in January 2019 compared to 2018 in the U.S. Innovative green tractors are in progress to meet the requirements of livestock farmers and hay producers by 2020.
Automated self-driving technology is fuelling the agriculture technology revolution and increasing investments in technology related to fertilizer application, precision planting, spraying, and irrigation are driving the growth of the agricultural machinery market
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=18653
Global Agriculture Machinery: Competitive Landscape
Some of the major companies identified in the report that are currently holding majority shares in the global Agriculture Equipment Market are AGCO, John Deere, CLAAS, Massey Ferguson, Argo Group, Mahindra and Mahindra, Hunter Industries, Toro Corp., Jain Irrigation, Bucher Industries, CNH Industrial, Kvernerland Group, SDF Group, Kubota, Lindsay Corp.
Related Reports:
A. India Farm Equipment Market
https://www.industryarc.com/Report/18140/india-farm-equipment-market.html
B. Farm Equipment Market
https://www.industryarc.com/Report/169/Global-Farm-Equipment-Market-Research-Report.html
About IndustryARC:
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.
Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/10/industrial-automation-instrumentation-market-research.html
Source URL: https://marketersmedia.com/agriculture-machinery-market-disrupted-by-autonomous-truck-technology/88896221
Source: MarketersMedia
Release ID: 88896221
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