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One of the major trends in the Intercontinental Agricultural Machinery market is the arrival of new technology. For instance, farmers all over the world are trying to development 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 variant agricultural tasks, such as sowing. Additionally, mechanization helps apply the proper fertilizer evenly such that seeds can correctly germinate. The speed and accuracy of mechanization has made it an attractive proposition as compared to the acknowledged alternative of manual labor. Moreover, modern tractors are equipped with features such as modern sensors and GPS, which aids farmers in increasing productivity.
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Analysts forecast the Global Agricultural Machinery market to grow at a CAGR about 7.97 percent atop the period 2013-2018. According to the report, one of the primary drivers leading to an increased clamorous 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 concerning 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.
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 uncivilized materials poses a serious threat to the vendors. These vendors are vie to produce highly rationalize agricultural machinery at cheap costs in order to cope with the increasing competition. This could affect their help margins, thereby adversely affecting the market as whole.
Global Agricultural Machinery Market 2014-2018, has been prepared based on an in-depth wholesale expositive upon inputs from industry experts. The report covers the Global region; it more covers the Global Agricultural Machinery delicatessen landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Global Agriculture Machinery Market: AGCO Corp., CNH Industrial N.V., and Deere and Company.
Other vendors mentioned in the report are Claas KGaA mbH, Escorts Group, Iseki & Co. Ltd.Kubota Tractor Corp., Kuhn Group, Kverneland Group, Mahindra & Mahindra Ltd., Same Deutz-Fahr Deutschland Gmbh, and Tractors and Farm Equipment Ltd.
Key questions answered in this report:
* What intention the market size be in 2018 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?
* What are the market opportunities and threats faced by the key vendors?
* What are the strengths and weaknesses of the key vendors?