ResearchMoz added Latest Research Report titled " Global Agricultural Machinery Market 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 06/30/2016 -- Growing global population and increase in per capita income in emerging economies lead to a rise in the demand for food products. The world population is estimated to reach 9.48 billion by 2050 from 7.4 billion in 2016. As a result, farmers are shifting toward mechanization through the use of agricultural machinery, to gain efficiency and effectiveness in farming and crop production. Globally, most governments are encouraging farmers by providing easy credit availability and various loans to buy agricultural machinery.
The global agricultural machinery market to grow at a CAGR of 7.29% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global agricultural machinery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of following agricultural machinery:
- Haying machinery
- Harvesting machinery
- Planting and fertilizing machinery
- Plowing and cultivating machinery
- Parts and attachments
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The market is divided into the following segments based on geography:
- North America
Technavio's report, Global Agricultural Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- CNH Industrial
- Deere & Company
- Kubota Corp
Other prominent vendors
- Krone Group
- Kuhn Group
- Kverneland Group
- Mahindra & Mahindra
- Same Deutz-Fahr Deutschland
- Tractors and Farm Equipment
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Key questions answered in this report:
- What will the market size be in 2020 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?
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