Global Agricultural and Farm Machinery market size in 2022 was USD 196,500 million, market value to grow to USD 485,700 Million by 2032 at 8.6% CAGR as per Acumen Research and Consulting
Agricultural and Farm Machinery Market Overview:
The agricultural and farm machinery market is a crucial industry for modern agriculture. The market includes a diverse range of equipment used for various farming applications, such as planting, harvesting, and processing crops, among others. The market's growth is driven by the increasing demand for food due to the growing global population and the need for efficient and effective farming methods.
Market Segmentation:
The agricultural and farm machinery market can be segmented based on product type, application, and region. Product types include tractors, harvesters, sprayers, cultivators, and others. Applications of agricultural and farm machinery include planting, harvesting, irrigation, and others.
Download Free Agricultural and Farm Machinery Market Sample report here
https://www.acumenresearchandconsulting.com/request-sample/191
Market Dynamics:
Increasing demand for food: The global population is expected to reach 9.7 billion by 2050, which is driving the demand for food. As a result, the agricultural and farm machinery market is expected to grow as farmers seek out efficient and effective methods of producing more crops to meet the increasing demand.
Technological advancements: The agricultural and farm machinery market is constantly evolving, with new and innovative devices being introduced to the market. This is driving the growth of the market, as farmers seek out the latest and most advanced equipment to improve their farming operations.
Government initiatives: Governments around the world are supporting the agricultural and farm machinery market through various initiatives. For example, the Indian government's "Krishi Sinchai Yojana" aims to provide irrigation facilities to every farm in the country. Such initiatives are expected to drive the growth of the market.
Market Challenges:
High cost of equipment: The high cost of agricultural and farm machinery is a significant challenge for market growth. This is particularly true for small-scale farmers who may struggle to afford the latest and most advanced equipment.
Limited availability of skilled labor: Another challenge facing the market is the shortage of skilled labor who can operate agricultural and farm machinery. This is a major concern for farmers, who may not have the resources to train and retain skilled workers.
Environmental concerns: The agricultural and farm machinery market is under scrutiny due to environmental concerns. The use of heavy machinery in farming operations can lead to soil degradation, water pollution, and other environmental issues.
Market Regional Overview:
The agricultural and farm machinery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the largest market for agricultural and farm machinery, followed by North America and Europe. The Asia Pacific market is expected to grow at the highest CAGR due to the increasing demand for food in the region.
List of Market Players:
- AGCO Corporation
- Caterpillar Inc.
- CNH Industrial N.V.
- John Deere & Company
- Escorts Kubota Limited
- Kubota Corporation
- KUHN Group
- Mahindra Group
- New Holland Agriculture
- Yanmar., Ltd.
- JCB Agricultural Equipment
Buy the premium market research report here.
https://www.acumenresearchandconsulting.com/buy-now/0/191
Find more such market research reports on our website or contact us directly
Write to us at [email protected]
Call us on +918983225533
or +13474743864
Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
Farmease is an online app and best marketplace to sell, rent or buy farm equipment like tractors, seeders, farm implements, agricultural machinery, agricultural equipment, tillage equipment, and harvesters, Fertilizer Spreader, Landscaping Equipment like leveler,rotary cutter, terracer blade, box andblade.
Through our online app farmers can easily list their equipment and earn through renting.
People looking for buying equipment for a short use or need can save their money by hiring or taking the equipment on rent.
Farmease app is a user-friendly platform to rent a tractor or any farm machinery or equipment in USA.Visit: https://www.farmease.app/
