The Global Soil Preparation and Cultivation Machine Industry market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.3% from 2014 to 2022. Reduction in energy price drives the market growth. However factors such as decrease in the farm net income is hampering the market growth. The recent trends in the market show that in developing countries such as India and Brazil, the adoption of the agriculture machinery is increasing at a significant rate. India, Senegal, Bolivia, China and the United States are considered as the highest potential markets in the upcoming years. Technological advancements in agricultural machinery such as driverless robots that can do simple spraying tasks are boosting the market growth.
Google Earth, Global Positioning System (GPS), and Real time Kinematic are used to support the direction of tractors and other equipment, such as automatically open and close nozzles for spot spraying, and also register actions such as seeding rate, yield, moisture, fertilizer quantity, and time management of all the tasks. Slump in the agricultural production costs and increasing returns will lead end-users to invest more in agricultural production. Moreover, high returns allow farmers to invest in agricultural machinery for plowing and cultivation to maximize the output.
Soil Preparation and Cultivation Machine Industry market is segmented by product and by geography. Depending on the various products, market is classified into cultivators and weeders, disc harrows, hoes and scarifiers, fertilizer distributors, manure spreaders, ploughs and rollers. Based on geography, market is segregated into North America, Europe, Asia-Pacific and Rest of the World. Significant mergers and acquisitions, collaborations, and joint ventures are the industry trends that are playing a major role for the market growth.
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The key players in Soil Preparation and Cultivation Machine Industry market include, AGCO, Kubota, John Deere, Claas, CNH Industrial, Mahindra & Mahindra, Minsk Tractor Works, JCB, Bucher Industries and Dawn Equipment.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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