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Agricultural Equipment Market Overview by Rising Demands and Scope 2023 to 2031 | AGCO Corporation, FlieglAgro-Center GmbH, Agromaster
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Key Trends
There are a number of key trends in agricultural equipment technology that are worth mentioning.
Firstly, there is a trend towards more sophisticated and expensive equipment. This is due to the fact that farmers are increasingly using technology to improve their productivity and efficiency.
Secondly, there is a trend towards smaller and more compact equipment. This is because farmers are increasingly working in smaller fields and are therefore requiring less space.
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Key Drivers
The key drivers of the Agricultural Equipment market are the increase in demand for food globally, the need for higher productivity in agriculture, and the need for efficient and sustainable farming practices.
The demand for food is expected to continue to grow as the world population increases and the purchasing power of consumers increases. This will require farmers to produce more food with fewer resources, which will drive the need for higher productivity in agriculture.
Market Segments
By Type
Tractors
Harvesters
By Automation
Automatic
Semiautomatic
Manual
By Business
Original Equipment Manufacturers (OEMs)
Aftersales
By Region
North America
The U.S.
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Key Players
AGCO Corporation
FlieglAgro-Center GmbH
Agromaster
Amazone Inc.
APV GmbH
Bellota Agri solutions
CLAAS KGaAmbH
CNH Industrial N.V.
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