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Agricultural Machinery Market is expected to register high CAGR during the forecast period (2018-2023)| Dominant Vendors - DEERE & COMPANY, AGCO CORP., CNH INDUSTRIAL N.V, and KUBOTA TRACTOR CORP amongst others

02-10-2019 12:53 PM CET | Logistics & Transport

Press release from: Market Prognosis

Market Analysis:

The factors that are driving the agricultural machinery market globally are population growth, urbanization and higher productivity demand with the shrinking agricultural land throughout the globe, which have led to the growth in demand for agricultural machinery.

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The key factors influencing the sale of agricultural equipment are the level of net farm income and, to a lesser extent, interest rates, and general economic conditions, availability of financing and related subsidy programs, farmland prices, and farm debt levels. Government policies may influence the market for agricultural equipment by monitoring the levels of acreage planted, with direct subsidies affecting particular commodity prices, or with other payments delivered directly to farmers. Technological advancement for developing more efficient products, while keeping in mind the country-specific requirements, will provide opportunities for future growth of the sector.

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Market Segments:
Agricultural Machinery Market is segmented by:
1. Type: Tractors, Plowing and Cultivating Machinery, Planting Machinery, Harvesting Machinery, Haying And Forage Machinery, Irrigation Machinery
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Recent Developments:
November, 2017: New Holland Agriculture has launched a new flagship model the FR920, a forage cruiser with high capacity and enhanced productivity, powered by a new engine, improved feeding, and HydroLocu2122 technology.
September, 2017: John Deere acquired Blue River Technology by investing USD 305 million.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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