Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Agricultural Equipment Market Analysis with 2016 Forecasts

% of readers think this story is Fact. Add your two cents.


Order “World Agricultural Equipment to 2016″ report by calling ReportsnReports.com at +1 888 391 5441 OR send an email on [email protected] with LTE Profit Mantras 2013-2016 in subject line and your contact details.

ReportsnReports.com now offers “World Agricultural Equipment to 2016” in its market research reports library.

World demand to rise 6.7% annually through 2016

World demand for agricultural equipment is expected to increase 6.7 percent per year through 2016 to $173.5 billion. Growth will be driven primarily by sales gains in rapidly developing nations — particularly China, Brazil, and India — as these countries continue to mechanize their agricultural sectors. Population expansion and strong economic growth in these nations will put increasing pressure on their agricultural sectors to become more efficient and productive, resulting in a rise in farm machinery sales.

Agricultural machinery demand in the Asia/Pacific region was more than twice that of any other region in 2011. China and India will be the primary nations fueling future market advances in this region, although other smaller markets, including Thailand and Indonesia, will also expand rapidly through 2016. The Central and South America region will post strong sales gains through 2016 as well, powered by growth in Brazil and other countries with large, increasingly mechanized agricultural sectors, including Argentina.

Complete report spread across [379] available @ http://www.reportsnreports.com/reports/172377-world-agricultural-equipment-to-2016.html. Read more on “World Agricultural Equipment to 2016” reportbelow.

In the industrialized world, North America and Western Europe will both record below-average growth in farm equipment sales through 2016. Demand will be driven by technological advances, as the efficiency gains afforded by newer equipment with more sophisticated technology will make it economically feasible for farmers to replace their machinery more frequently. Conversely, many farmers delayed replacing their older machinery during the 2008-2010 economic crisis, avoiding major purchases of new machinery because of an uncertain economic environment. As a result, 2011 was the beginning of a spike in demand for agricultural machinery as better economic conditions prompted farmers to finally replace older machines. Since the average replacement cycle is generally eight or nine years, high demand in 2011 means many farmers may not replace machinery in 2016, constraining  agricultural equipment demand through the forecast period.

Plowing, cultivating machinery to lead gains

Farm tractors the largest product segment in 2011, represented 30 percent of all agricultural machinery sales. Plowing and cultivating machinery is expected to be the fastest growing product type from 2011 to 2016, expanding 9.1 percent per year as farmers in developing nations purchase larger and more complex tilling equipment to in-crease the productivity of their land. Parts and attachments demand is projected to increase at the slowest rate, climbing 5.4 percent per annum through 2016 to $27.6 billion as the durability of new machinery continues to improve, limiting repair and maintenance spending.

Request a Sample of this reportby Fredonia Group @ http://www.reportsnreports.com/contacts/RequestSample.aspx?name=172377.

China to overtake US as biggest manufacturer

In 2011, the United States held a slight lead over China as the largest producer of farm machinery, with industry shipments of $23.1 billion. However, the Chinese agricultural equipment manufacturing industry is expected to expand rapidly through 2016, while production growth in the United States will be more moderate. As a result, China will overtake the US to become the biggest manufacturer of farm machinery in the world, with 2016 industry shipments 70 percent greater than those of the US. Manufacturing output will also rise at a fast pace in Brazil and India, supported by the strong local markets and rapidly industrializing economies in these nations.

Contact [email protected] / Call +1 888 391 5441 for further information on “World Agricultural Equipment to 2016” report OR for any other market research and intelligence needs you may have for your business.



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.