Farm Management Solutions Industry Outlook, Growth Prospects and Key Opportunities

The automotive industry is one of the fastest-growing industries, significantly contributing to the gross domestic product of several countries. Unfortunately, the COVID-19 pandemic posed serious challenges for which the industry was under-prepared. Halted production and disruptions in the supply chain resulted in a huge setback in the automotive industry.

The report offers actionable and valuable market insights of Farm Management Solutions. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Farm Management Solutions Market across various industries and regions.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=5674

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Farm Management Solutions market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Farm Management Solutions

This newly published and insightful report sheds light on Market Insights of Farm Management Solutions, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Farm Management Solutions Market.

Precision farming improves yield by enabling farmers to use the correct amount of inputs such asfertilizers, water and seeds. This is supported by autonomous farm equipment that incorporates real-time positioning and crop data to improve productivity. Increased farm mechanization in regions such as North America, rising labor costs due to shortage of skilled labor, increasing pressure on global food supply due to rising population, and government initiatives to implement modern agricultural techniques are some of the major factors driving the growth of the global precision agriculture industry. Rising demand for implementation of precision farming is driving the sales of autonomous farm equipment.

The market witnessed a marginal dip in 2020 owing to the COVID-19 pandemic, as lockdowns and restrictions in movement resulted in shortage of equipment and led to disruptions in the supply chain. However, the market is getting back on its feet gradually, and is expected to offer lucrative growth over the coming years.

As per Fact.MR’s analysis, the global autonomous farm equipment market is expected to expand at a healthy CAGR of around 19% from 2021 to 2031.

Key Take aways from Market Study
Demand for autonomous farm equipment is increasing with mechanization of agriculture, availability of advanced technology, and sustainable agricultural practices.
Sales of autonomous farm equipment such as full and partial autonomous tractors are increasing all over the world. Rising electrification trend as well as high demand for sustainability, remote sensing, and ease of operationare driving demand.
Gradual increase in raw material costs and tariff prices are some of the challenges impacting market growth.

North America and Europe hold a significant share in the global market. Inthese regions, high disposable income combined with rise in population growth, high investments in agriculture infrastructure, and increasing trend of farm automation have led rising demand for autonomous farm equipment.
By mode of operation, partial autonomous farm equipment is expected to hold a majority of the market share by 2021.
By equipment, tractors to be widely used because of their usage in a wide range of application at farms.

The market in the U.S. and Canada is expected to progress at around 11% and 9% CAGR, respectively, while that in the U.K and Germany at around 9% and 10% CAGR respectively, through 2031.
“Rising demand for partial autonomous farm equipment will have a positive impact on market growth over the coming years,’’ says a Fact.MR analyst.

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=5674

Targeted Acquisitions and Mergers by Key Players
Key players such as Trimble Inc. and CNH Industrial N.V are hinging their growth strategieson enhancing connectivity with a wide market out reach through targeted acquisitions, so as to enjoy substantial market presence.

In May 2017, Trimble Inc. announced an agreement to acquire privately-held Müller-Elektronik, a German company specializing in implement control and precision farming solutions.
In March 2021, CNH Industrial N.V. completed its acquisition of a minority stake in Augmenta, an agricultural technology company focused on automating farming operations using computer vision and artificial intelligence ‘on the edge’, whereby data is processed in real time, directly by the system. This acquisition will see CNH Industrial become Augmenta’s strategic partner in crop sensing and machinery automation, and also foresees future joint research and development collaboration.

Market Segmentation by Category
Product Type
Tractors
Harvesters
UAVs
Others
Region
North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/5674

Key Question answered in the survey of Farm Management Solutions market report:

Sales and Demand of Farm Management Solutions
Growth of Farm Management Solutions Market
Market Analysis of Farm Management Solutions
Market Insights of Farm Management Solutions
Key Drivers Impacting the Farm Management Solutions market
Which are the Key drivers impacted by Farm Management Solutions market
Restraints Shaping Market Growth
Market Survey of Farm Management Solutions

More Valuable Insights on Farm Management Solutions Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Farm Management Solutions, Sales and Demand of Farm Management Solutions, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Read More Trending Reports of Fact.MR-

https://www.globalbankingandfinance.com/electric-golf-cart-opportunity-analysis-and-industry-forecast-up-to-2031/

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.