Agricultural machinery is used to optimize and add precision to agriculture practices at a large scale. The agricultural machinery market in the US comprises machinery and equipment used for performing agriculture practices. The global agricultural machinery market is expected to grow significantly during the forecasted period. The major reason for this growth is the dependence on agricultural land and farm output. The global agricultural production is expected to increase along with the demand. However, the production has slowed down in different phases in recent years due to a huge fluctuation in the price of raw materials used for manufacturing agricultural machinery. Furthermore, the decline in prices of commodities has hampered the growth of the market.
Technavio’s analysts forecast the agricultural machinery market in the US to grow at a CAGR of 5.17% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the agricultural machinery market in the US for 2017-2021. To calculate the market size, the report considers the new sales value and spares market.
Technavio’s report, Agricultural Machinery Market in the US 2017-2021, 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.
Other prominent vendors • CLAAS • Daedong-USA • Krone • KUHN Group • Lely • Mahindra & Mahindra • Vermeer
Market driver • High labor cost and workforce scarcity • For a full, detailed list, view our report
Market challenge • Fluctuating raw material prices • For a full, detailed list, view our report
Market trend • Rise in technological innovation • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Our reports have been used by over 10K customers, including:
Smart agriculture market anticipated to grow at a CAGR of 12.39% from 2018 to 2023 The smart agriculture market is estimated to be worth USD 7.53 billion in 2018 and is projected to reach USD 13.50 billion by 2023, at a CAGR of 12.39% between 2018 and 2023. Major factors contributing to the growth of the smart agriculture...
The market is poised to grow at a CAGR of 6.27% during the forecast period. The construction industry, barring a few regions, is making a strong comeback to the global scenario. Even South America, the region most affected by the current economic crisis, is expected to contribute to the global construction industry in light of countries like...
The Global Sugarcane Harvesters Market is poised to grow strong during the forecast period 2017 to 2027. Some of the prominent trends that the market is witnessing include government policies to promote promotional activities, strengthening global sales channel in order to maintain and expand the sales through agricultural...
119 pages •
By Infiniti Research Limited
• Jun 2018
About Mower Conditioners A mower conditioner is type of having or harvesting equipment that crimps and crushes hay to enable rapid and uniform drying. Technavio’s analysts forecast the Global Mower Conditioners Market to grow at a CAGR of 5.28% during the period 2018-2022. Covered in this report The...
Plant Biotechnology Equipment Market Size, Share & Trends Analysis Report By Plant Phenotyping, By Plant Genotyping, By Cell Culture, By Smart Farm Equipment, By Region, And Segment Forecasts, 2018 - 2025 The global plant biotechnology equipment market size is estimated to reach USD 18.35 billion by 2025, according to the new report...
Globally agriculture is facing multiple challenges owing to the pressure of increasing population and demand for food, coupled with the impact of climate change on agricultural production. In order to maximize the efficiency of farms, it is important for farmers to invest in crop protection. Sprayers are critical crop protection equipment...