|By PR Newswire||
|April 4, 2014 09:28 AM EDT||
DUBLIN, Apr. 04, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/wj2tbp/global) has announced the addition of the "Global Agriculture Machinery Market 2014-2018" report to their offering.
The analysts forecast the Global Agricultural Machinery market to grow at a CAGR of 7.97 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing global population. The Global Agricultural Machinery market has also been witnessing the arrival of new technology. However, the increasing price of raw materials could pose a challenge to the growth of this market.
The report, the Global Agricultural Machinery Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global region; it also covers the Global Agricultural Machinery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the major trends in the Global Agricultural Machinery market is the arrival of new technology. For instance, farmers all over the world are trying to increase their agricultural output by planting more crops in a farmland. There are certain limitations to manual seeding, such as lack of uniformity in distribution. Mechanization helps to provide uniformity while performing various agricultural tasks, such as sowing.
Additionally, mechanization helps apply the proper fertilizer evenly such that seeds can properly germinate. The speed and accuracy of mechanization has made it an attractive proposition as compared to the traditional alternative of manual labor. Moreover, modern tractors are equipped with features such as modern sensors and GPS, which aids farmers in increasing productivity.
According to the report, one of the major drivers leading to an increased demand for agricultural machinery is the increasing global population. The increasing population has led to a rising demand for food and related products over the past few years. The growth of the population is particularly high in Asia compared to other continents. This is mainly due to the presence of countries such as India and China which are the two most populous countries in the world. Various governments are focused on increasing food productivity to meet the needs of a growing population. This has increased the demand for agricultural machinery that is equipped with modern technologies.
Further, the report states that the cost of major raw materials used in the manufacture of agricultural machinery, such as steel, rubber, and iron, has increased significantly over the past few years. The volatility of the prices of these raw materials poses a serious threat to the vendors.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Market Segmentation by Product
8. Geographical Segmentation
9. Product Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- AGCO Corp.
- CNH Industrial N.V
- Deere and Company
- Claas KGaA mbH
- Escorts Group
- Iseki & Co. Ltd.Kubota Tractor Corp.
- Kuhn Group
- Kverneland Group
- Mahindra & Mahindra Ltd.
- Same Deutz-Fahr Deutschland Gmbh
- Tractors and Farm Equipment Ltd.
For more information visit http://www.researchandmarkets.com/research/wj2tbp/global
Media Contact: Laura Wood , +353-1-481-1716, press@research[email protected]