Powered Agriculture Equipment Market Overview, Merger and Acquisitions, Drivers, Restraints and Industry Forecast By 2028
The Global Powered Agriculture Equipment market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Powered Agriculture Equipment market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The global powered agriculture equipment market reached a market size of USD 82.20 Billion in 2020 and is expected to reach USD 136.55 Billion in 2028 and register a CAGR of 6.6% during the forecast period. Market revenue growth is primarily driven by growing demand for food due to exponential increase in global population. Declining availability of arable lands is another key factor driving demand for powered agriculture equipment to improve farm yield, and this is expected to continue over the forecast period. Increasing demand for organic food among health-conscious consumers is also contributing to increasing utilization of powered agriculture equipment for production of organic crops.
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Market Scope:
One of the report’s central components is the broad Powered Agriculture Equipment market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Powered Agriculture Equipment market players.
The major companies Covered in the report are:
AGCO Corporation, John Deere & Co., Mahindra & Mahindra Limited, CNH Industrial N.V., Kubota Corporation, CLAAS, Alamo Group Inc., Escorts Group, Iseki & Co., Ltd. and SDF S.P.A.
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Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2021–2028)
Combine Harvesters
Tractors
Seed Drill
Soil Preparation & Cultivation Equipment
Sprayer
Others
Next Generation Equipment Outlook (Revenue, USD Billion; 2021–2028)
Harvesting & Picking Robots
Agricultural Unmanned Aerial Vehicles or Agricultural Drones
Driverless Tractors
Electric Tractors
Others
Market Overview:
The research report on the Powered Agriculture Equipment market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Powered Agriculture Equipment business sphere.
Key takeaways of the Global Powered Agriculture Equipment Market report:
The report sheds light on the fundamental Powered Agriculture Equipment market drivers, restraints, opportunities, threats, and challenges.
It elaborates on the new, promising arenas in the leading market regions.
It examines the latest research & development projects and technological innovations taking place in the key regional segments.
The research report reviews the regulatory framework for creating new opportunities in various regions of the market
It focuses on the new revenue streams for the players in the emerging markets.
Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.
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