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Global Farm Equipment Market 2020-2024 | Evolving Opportunities With AGCO Corp. and BROHAWK EXPORTS

researchsnappy by researchsnappy
December 12, 2019
in Consumer Research
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LONDON–(BUSINESS WIRE)–Dec 11, 2019–

Technavio has been monitoring the global farm equipment market and the market is poised to grow by USD 28.6 billion during 2020-2024 at a CAGR of almost 5% during the forecast period. Request Free Sample Pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191211005784/en/

Technavio has announced its latest market research report titled global farm equipment market 2020-2024. (Graphic: Business Wire)

Read the 148-page research report with TOC on “Farm Equipment Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Product (Implement, Combines, Sprayer, and Baler), and Segment Forecasts, 2020-2024.”

The market is driven by the increasing global population and the corresponding increase in the demand for food. Also, the availability of farm equipment through rentals is anticipated to boost the growth of the farm equipment market further.

The agricultural sector is focusing on increasing agricultural output and food production to keep up with the rising food demand. Thus, increased global population and growing demand for food is expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Farm Equipment Market Companies:

AGCO Corp.

AGCO Corp. is headquartered in the US and operates the business under various segments such as tractors, replacement parts, grain storage and protein production systems, combines, application equipment, and other machinery. The company offers a wide range of tractors, combine harvesters, balers and implements.

BROHAWK EXPORTS

BROHAWK EXPORTS is headquartered in India and offers products through the following business units: Agricultural Machinery Parts, Agricultural Machinery, Tractor and Trailer Parts, and Ball Mount. The company provides a wide range of tillers and farm implements.

Bucher Industries AG

Bucher Industries AG is headquartered in Switzerland and operates under various business segments, namely Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The company offers a range of tillers and plows under the brand name, Kuhn.

CLAAS KGaA mbH

CLAAS KGaA mbH is headquartered in Germany and offers products through the following business segments: Combines, Forage harvesters, Telehandlers, Balers, Forage harvesting machinery, and Transplanter. The company provides a range of combines, forage harvesters, forage harvesting machinery, and balers.

CNH Industrial NV

CNH Industrial NV is headquartered in the UK and offers products through the following business segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The company provides a range of tractors, combines, and agricultural implements.

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Farm Equipment Product Outlook (Revenue, USD Million, 2020-2024)

Farm Equipment Regional Outlook (Revenue, USD Million, 2020-2024)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Industrialsinclude:

Cultivators Market – Global Cultivators Market by geography (APAC, Europe, MEA, North America, and South America) and product (rigid models and hydraulic folding models).

Automatic Irrigation Equipment Market – Global Automatic Irrigation Equipment Market by product (automatic irrigation controllers, automatic irrigation sensors, automatic irrigation valves, automatic irrigation injectors, and automatic irrigation flow meters), end-users (agriculture, commercial, and residential), and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191211005784/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES OTHER MANUFACTURING MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 12/11/2019 04:00 PM/DISC: 12/11/2019 04:00 PM

http://www.businesswire.com/news/home/20191211005784/en

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