Global Agricultural Implement Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Agricultural Implement Market Report by The Business Research Company covers agricultural implement market drivers and restraints, agricultural implement market size, major players, and the impact of COVID-19 on the agricultural implement market.
The agricultural implement market consists of sales of farm machinery and equipment, lawn and garden tractors, and home lawn and garden equipment by entities (organizations, sole traders or partnerships) that produce agricultural implements. The market includes agriculture and farm machines such as tractors, cotton ginning machinery, feed processing equipment, fertilizing machinery (farm-type), haying machines, milking machines, planting machines (farm-type), plowing equipment, combines (harvesting threshers), poultry brooders, feeders and waterers, push lawn mowers, ride-on mowers, snow blowers and throwers (residential-type), and attachments (lawn and garden-type and farm-type), garden tools, and autonomous farm equipment.
The global agricultural implement market is expected to recover from COVID-19 crisis and grow from $233.6 billion in 2020 to $288.6 billion in 2023 at a CAGR of 8.0%. The market is expected to reach $337.4 billion in 2025, and $494.2 billion in 2030.
Technological advances in agricultural equipment will drive the market for agricultural implement going forward. Developments in new sensor technologies owing to the availability of latest information technologies are contributing to development in agricultural machinery across the globe. The new agricultural implements are assisted with innovative features, such as GPS, measuring sensors, and digital monitoring systems to assist farming activities and increase productivity. These advanced innovative systems have the potential to deliver a more sustainable and productive output based on on-field data. Majority of these advancements in agricultural equipment are focused on reducing human interaction and increasing productivity of the farm. Technological advances will positively impact the market for agricultural implement in the forecast period.
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Some agricultural implement market trends include rising demand for autonomous farm equipment. Increasing adoption of new techniques and technologies in the farming sector has given a boost to autonomous farm equipment. Moreover, agriculture equipment companies are offering telematics systems to farmers to enable wireless transfer of data between the equipment and its user.
Global agricultural implement market segments include:
1) By Type: Farm Machinery and Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment, Tools, Gear Boxes, Clutches And parts, Others
2) By Operation: Manual, Semi-Autonomous, Fully-Autonomous
3) By Application: Harvesting And Threshing, Plant Protection, Post-Harvest And Agro-Processing, Sowing And Planting, Weed Cultivation, Land Development And Seed Bed Preparation, Other Applications
4) By Capacity: Small, Medium, Large
5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Agricultural Implement Opportunities, Trends And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides agricultural implement market overviews, analyzes and forecasts market size, share, agricultural implement market players, agricultural implement market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The agricultural implement identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Agricultural Implement Global Market Report 2021: COVID-19 Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Deere & Company, CNH Industrial N.V., AGCO Corporation, Kubota Corporation, CLAAS KGaA mbH
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Agricultural Implement Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Agricultural Implement Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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