The US Agricultural Machinery Market to grow at a CAGR of 4% during Forecast 2016-2020

Albany, NY, May 03, 2017: Agricultural machinery has evolved over the years and modern agricultural machines have enhanced the speed, volume, and efficiency of agricultural practices; the machineries are designed and configured to suit the varied needs of end-users. The market depends on agricultural land and farm output and grows in tandem with demand.

The agricultural machinery market in the US to grow at a CAGR of 4% during the period 2016-2020. The report covers the present scenario and the growth prospects of the agricultural machinery market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of agricultural machinery.

The market is divided into the following segments based on products:
- Tractors
- Combine Harvester
- Haying Machinery
- Planting and fertilizing machinery
- Plowing and cultivating machinery
- Livestock machinery

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Technavio's report, Agricultural Machinery Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Deere & Company
- CNH Industrial
- AGCO
- Kubota

Other prominent vendors
- CLAAS
- Daedong-USA
- Krone
- Kuhn Group
- Lely
- Mahindra & Mahindra
- SAME DEUTZ-FAHR
- Vermeer
- Versatile

Market driver
- Shortage of farm labor
- For a full, detailed list, view our report

Market challenge
- Reduction in commodity prices
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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