Keeping it rural: Improving demand for agricultural products will likely stimulate demand for industry machinery
Tractors & Agricultural Machinery Manufacturing in Canada The Tractors and Agricultural Machinery Manufacturing industry in Canada has grown slowly but steady despite fluctuations in demand over the five years to 2019. The industry manufactures a variety of products, such as tractors and harvesters, that are essential to modern-day farming. Agricultural machinery is expensive and therefore the industry relies on credit availability. Low interest rates in North America during the period has maintained borrowing costs low for farms to the benefit of the industry. Over the five years to 2024, the industry is expected to grow, albeit at a slower pace. Improving demand for agricultural products worldwide and pressure to increase yields will likely stimulate demand for industry machinery abroad and domestically.
The Tractors and Agricultural Machinery Manufacturing industry in Canada manufactures agricultural machinery and equipment and powered home lawn and garden equipment. Agricultural equipment includes tractors, harvesting and seeding machinery and other machinery, such as grinders, mixers, wool presses and windmills.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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The drip irrigation market is projected to grow at a CAGR of 10.8%; the key drivers include efficiency in water use in drought-prone areas, cost efficiency in agriculture production and enhanced crop yields
The drip irrigation market is estimated at USD 5.5 Billion in 2020 and projected to grow at a CAGR of 10.8%, to reach USD 9.3...
82 pages •
By Asia Market Information & Development Company
• Sep 2020
This study focuses on China’s Farm Equipment industry assessments and company profiles. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one...
Agricultural Machinery and Tires Market – Overview India and China are the leading players in the agricultural tractors market. In 2018, China and India recorded a tractor sale of 711,478 and 379,587 units, respectively. The penetration of tractors is higher in northern India, particularly in Punjab, Uttar Pradesh, and Haryana. In northern...
82 pages •
By Infiniti Research Limited
• Jul 2015
About Plowing and Cultivation Machinery In the US, there is a gradual reduction in the number of farms; there were 2,204,792 farms in 2007, which reduced to 2,109,303 in 2012, a drop of 4.3%. However, as a result of the growing population in the country, there is a huge demand for food. To meet the supply with the growing food demand, farmers...
75 pages •
By Infiniti Research Limited
• Jul 2016
About Farm Mechanization The global farm mechanization market is largely dependent on agricultural land and farm output. Global agricultural production affects the market substantially as it grows in tandem with the demand for food. However, in various phases, the global agricultural production has slowed down in recent years as the...
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