openPR Logo
Press release

Agricultural Equipment Market

08-29-2017 01:49 PM CET | Industry, Real Estate & Construction

Press release from: Persistence Market Research PVT. LTD.

Persistence Market Research’s report, titled “Agricultural Equipment Market: Global Industry Analysis and Forecast, 2016-2024,” estimates the market’s present value at a little over US$ 100 Bn, anticipating it to incur a sluggish growth a 3.5% CAGR. During this forecast period, the global agricultural equipment market is also likely to witness slower growth in terms of volume. After recording an estimated global sales of over 5,596.5 thousand units of agricultural equipment in 2016, the market will close in on sales of nearly 7,000 thousand units across the globe towards the end of 2024.

The dependency of agricultural activities on equipment has intensified as conventional methods of obtaining better farm produce are being rendered as useless. Taking the growing global population into account, demand for effective agricultural equipment continues to grow in parallel with the rising global consumption of food & beverages. However, high interest rates levied for purchase of agricultural equipment are becoming a major stumbling block for farmers from several parts of the world.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3151

Inflation in fuel prices across some regions is also impeding the sales of agricultural equipment, while farmers from other regions, despite having enough equipment, are at the mercy of rain for carrying out agricultural activities such as irrigation. Persistence Market Research’s latest report estimates that the global market for agricultural equipment will bring in more than US$ 131.6 Bn revenues by the end of 2024, but is likely to reach there at a sluggish pace.

Browse Complete Report @ https://www.persistencemarketresearch.com/market-research/agricultural-equipment-market.asp

As discussed earlier, the report observes that higher interest rates for purchase of agricultural equipment are curbing their sales in some regions. With that, the report also signifies the favorable impact of government incentives & investment schemes on sales of agricultural equipment in other parts of the world. Moreover, farmers being provided with qualitative education on farming techniques and optimum use of these equipment is also serving as a key driver for the market’s growth.

Request to view table of content @ https://www.persistencemarketresearch.com/market-research/agricultural-equipment-market/toc

The report further reveals that more than three-fourth of the global agricultural equipment market is dominated by sales of tractors. Tractors, being the top-selling agricultural equipment across the globe, netted nearly US$ 80 Bn in revenues in 2016. On the other hand, revenues arising from global sales of seed drills and power weeders are expected to exhibit growth at 4.1% CAGR. A regional analysis of the global agricultural equipment market, compiled in the report, projects dominance of North America. With more than one-third share of global revenues throughout the forecast period, North America will remain the most lucrative agricultural equipment market. Meanwhile, the agricultural equipment market in Middle East & Africa (MEA) is expected to showcase a value CAGR of 4.3%. Latin America, Europe and Asia-Pacific are also expected to be observed as leading regions for overall expansion of global agricultural equipment market. The report has also profiled leading manufacturers of agricultural equipment, which include, AGCO Corp, CLAAS KGaA mbH, Kubota Corporation, Tractor and Farm Equipment Limited, Deere & Company, Mahindra & Mahindra Ltd., EXEL Industries, SDF S.p.A, ISEKI & CO. LTD., CNH Industrial N.V., and Bucher Industries AG.

Global Market Study on Agricultural Equipment is available for US$4,900 https://www.persistencemarketresearch.com/checkout/3151

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Agricultural Equipment Market here

News-ID: 689366 • Views: 282

More Releases from Persistence Market Research PVT. LTD.

Shock Detector Market Revenue and Value Chain 2018-2028
Shock Detector A Shock Detector, also referred to as an impact monitor or a shock overload device, senses and indicates if a physical impact or shock has been experienced by a specimen. Such detectors are installed on fragile shipments to indicate whether a potentially disfiguring impact or drop may have occurred during transit. Now-a-days, in various sports, such as rugby, Shock Detectors are sometimes integrated in players’ helmets to confirm if an
Cloud Advertising Market to Witness an Outstanding Growth During 2016 – 2022
One of the reasons that internet has expanded as swiftly as it has can be attributed to the remarkable growth of e-commerce. Consumers now prefer to shop for everything from clothes to vehicles on the internet. In order to tap into this exploding market, organizations have progressively moved more of their efforts online. The entire business model of e-commerce giants like Amazon are based on cloud marketing; utilizing the tools
Research Focused on the Eubiotics Market Forecast up to 2020
Eubiotics refers to the products that are used for maintaining optimal balance of microflora (eubiosis) in the gastrointestinal tract. It is essential for producing well-nourished animals. Eubiotics help in proper nutrient absorption required for normal working of the body. Rise in demand for animal protein products, ban on use of antibiotics and increasing living standards are the main driving forces for the growth of eubiotics market. On the basis of
Comprehensive Industry Report Offers Forecast and Analysis on Kelp Market 2017 …
Kelp is a type of seaweed or algae that grow in shallow, nutrient-rich saltwater, and near coastal fronts. Kelp is found mainly in kelp forests and can grow up to half a meter a day, ultimately reaching heights of 30 to 80 meters. Kelp forests are described as one of the most ecologically productive and biologically diverse habitats globally. Kelp is also known as super food for its high nutrient

All 5 Releases


More Releases for Equipment

Global OTN Equipment Market
This report presents the worldwide OTN Equipment market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The optical transport networking (OTN) is an industry standard protocol that provides a
Battery Testing Equipment Market
2019-2025 Battery Testing Equipment Market Report with Depth Analysis Technological advancements such as lead-acid batteries with increased life cycle and better efficiency have increased the demand for rechargeable batteries. More than ever before, these rechargeable batteries have increased the demand for portable products such as powered tools, et cetera. Request For Free report Sample -https://www.reportsmonitor.com/request_sample/292961 Scope of the Report: Furthermore, Battery Testing Equipment Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks
Welding Equipment Market 2024
Flourishing automobiles and construction industries are cropping up owing to rapid industrialization worldwide. With rapid development in various companies, various countries have increasingly adopted welding technology such as resistance welding, oxy-fuel welding, and laser welding. For various industries such as transport industry, fabric industry and automotive segment, welding is an imperative procedure. With the ever changing technology breaking traditional barriers, welding equipment Market market has further witnessed development for application in
Defence Equipment Packaging Market
Global Defence Equipment Packaging Market: Overview The global defence industry has undergone significant transformation in the past few decades. The dynamic nature of the defence industry can be determined from the fact that defence electronics become obsolete in a matter of years. Defence electronics comprises all the sophisticated systems integrated with tactical equipment. It is anticipated that the advent of modern technology, coupled with rapid progress of R&D teams across the
Industrial Radiography Equipment Market
In this non-destructive technique the materials are exposed to X-rays or gamma radiations. These radiations help to inspect the defects as they become visible with the exposure. The need for material inspection has risen widely in the industries. Therefore product launches and technological advancements in the products are driving the growth of the market.   The Global Industrial Radiography Equipment Market valued at USD 497.23 million in 2017 and is expected
Water Treatment Equipment Market
Water Treatment Equipment refers to the equipment used in the industrial water treatment. It includes Pre-treatment non-membrane, Pre-treatment membrane, ultrapure water, AD/EDI systems polishing, Inorganic WW treatment, Organic WW treatment, etc. The scope of the Report: This report focuses on the Water Treatment Equipment in the United States market, to split the market based on manufacturers, states, type and application. Sample Report Request: https://www.reportsandmarkets.com/sample-request/united-states-water-treatment-equipment-market-to-2022-1622845 Market Segment by Type, covers Pre-treatment non-membrane, Pre-treatment membrane, Ultrapure