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Global Agricultural Machinery market is expected to reach $9.81 billion by 2022 growing at a CAGR of 4.6% between 2015 and 2022

03-10-2017 07:17 AM CET | Energy & Environment

Press release from: Orbis Research

Global Forestry machinery market is valued at $7.16 billion in 2015 and is expected to reach $9.81 billion by 2022 growing at a CAGR of 4.6% between 2015 and 2022. The factors such as rising demand for advanced machinery, increasing mechanization of farming operations, and technological advancements are driving the market growth. Moreover, the increasing demand for the food led by the growing population across the globe is another key factor fueling the agriculture and farm machinery market across the globe. Lack of information about farming equipment and its efficiencies among farmers is inhibiting the market growth.

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Harvesting machinery segment is projected to grow with highest CAGR value during the forecast period due to growing usage of mechanized harvesting and on-site processing equipment in developing areas. The Asia Pacific region led by India and China is expected to be the fastest growing region. The high demand can be attributed to the rising food consumption for sufficing the rising population in these countries.

Some of the key players in global Agricultural Machinery market include Iseki, AGCO Group, AGROSTROJ, Pelhrimov a.s, Boneng Transmission Co., CLAAS, CNH Industrial, Hubei Machinery and Equipment, John Deere, Krone Group, Kubota Corp, Kuhn Group, Kverneland Group, Mahindra Group, Same Deutz-Fahr Group, Tractors and Farm Equipment, and Weifang Euroking Machinery

Products Covered:
Agricultural sprays
Agriculture and forestry tractors
Cultivation machinery
Fodder and straw balers
Harvesting machinery
Hay and lawn mowers
Milking machines
Planting and fertilizing machinery
Poultry-keeping machinery
Power tiller
Rotavator
Threshing machinery
Other Products

Browse Full Report with TOC@ http://www.orbisresearch.com/reports/index/agricultural-and-forestry-machinery-global-market-outlook-2016-2022

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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