#Farm Tractor Rental Market Challenges
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Farm Tractor Rental Market Strategies for Growth, Segmentation, and Market Overview by 2024-2031
The "Farm Tractor Rental Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.
What is the projected market size & growth rate of the Farm Tractor Rental Market?
Market Analysis and Size
The high cost of purchasing new farm equipment and the associated maintenance services increases the demand for farm equipment rental services. Farmers are using rental services to make a profit by excluding the costs of farm equipment maintenance. Renting farm equipment allows farmers to harvest crops on time while avoiding large sums of money as a down payment on heavy farm equipment.
Data Bridge Market Research analyses that the farm tractor rental market which was growing at a value of 46.80 billion in 2021 and is expected to reach the value of USD 84.09 billion by 2029, at a CAGR of 7.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Farm Tractor Rental market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Farm Tractor Rental Market.
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Which are the driving factors of the Farm Tractor Rental market?
The driving factors of the Farm Tractor Rental market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Farm Tractor Rental across various industries further propel market expansion.
Farm Tractor Rental Market - Competitive and Segmentation Analysis:
Global Farm Tractor Rental Market, By Engine Power (Below 40 H.P., 40 H.P.–120 HP, 121 HP–180 HP, 181 HP–250 HP and More Than 250 HP), Application (Harvesting, Seed Sowing, Irrigation and others), Operation (Manual Tractor Vehicle and Autonomous Tractor Vehicle), Driver Type (2-Wheel Drive and 4-Wheel Drive) – Industry Trends and Forecast to 2031.
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Farm Tractor Rental market?
Some of the major players operating in the farm tractor rental market are:
Deere & Company (U.S.)
Tractors and Farm Equipment Limited (India)
Kubota Corporation (Japan)
CLAAS KGaA GmbH (Germany)
AGCO (U.S.)
CNH Industrial (U.K.)
Enerpac Tool Group (U.S)
JCB (U.K.)
Mahindra & Mahindra Ltd. (India)
SDF Group (Italy)
Bucher Industries (Switzerland)
Alamo Group, Inc. (U.S.)
Short Description About Farm Tractor Rental Market:
The Global Farm Tractor Rental market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Farm Tractor Rental. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Farm Tractor Rental Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Farm Tractor Rental in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Farm Tractor Rental market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
This Farm Tractor Rental Market Research/Analysis Report Contains Answers to your following Questions
What are the global trends in the Farm Tractor Rental market?
Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Farm Tractor Rental?
What are the upcoming industry applications and trends for Farm Tractor Rental market?
What Are Projections of Global Farm Tractor Rental Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Farm Tractor Rental?
What are the raw materials used for Farm Tractor Rental manufacturing?
How big is the opportunity for the Farm Tractor Rental market?
How will the increasing adoption of Farm Tractor Rental for mining impact the growth rate of the overall market?
How much is the global Farm Tractor Rental market worth? What was the value of the market In 2020?
Who are the major players operating in the Farm Tractor Rental market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Farm Tractor Rental Industry?
Customization of the Report
Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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Detailed TOC of Global Farm Tractor Rental Market Insights and Forecast to 2031
Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
Farm Tractor Rental Market By Type
Farm Tractor Rental Market By Function
Farm Tractor Rental Market By Material
Farm Tractor Rental Market By End User
Farm Tractor Rental Market By Region
Farm Tractor Rental Market: Company Landscape
SWOT Analysis
Company Profiles
Continued...
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#Farm Tractor Rental Market#Farm Tractor Rental Market Size#Farm Tractor Rental Market Share#Farm Tractor Rental Market Trends#Farm Tractor Rental Market Growth#Farm Tractor Rental Market Analysis#Farm Tractor Rental Market Scope & Opportunity#Farm Tractor Rental Market Challenges#Farm Tractor Rental Market Dynamics & Opportunities
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Agricultural Tractor Machinery Market| Market Size, Analysis and Forecast, 2024 – 2028
Originally published on Technavio: Agricultural Tractor Machinery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Indonesia, Brazil - Size and Forecast 2024-2028
**Introduction:** The agricultural tractor machinery market is set to witness substantial growth, with a projected increase of USD 23.46 billion and a Compound Annual Growth Rate (CAGR) of 5.63% between 2023 and 2028. This comprehensive analysis delves into the market dynamics, including drivers, trends, challenges, and key players shaping its trajectory.
**1. Market Overview:** The agricultural tractor machinery market is influenced by factors such as the increasing availability of rental services, innovations in precision farming equipment and technologies, and heightened M&A activities among industry players.
**2. Market Forecasting and Size:** The market's projected growth reflects its resilience and adaptability to changing agricultural landscapes, with a forecasted increase of USD 23.46 billion and a CAGR of 5.63% between 2023 and 2028.
**3. Market Dynamics:**
**Driver - Rental Services:** The rising availability of agricultural tractor machinery through rental services has been instrumental in market expansion. Rental facilities offer farmers access to advanced machinery without hefty initial investments, allowing for cost savings and access to the latest technology.
**Trend - AI Implementation:** The integration of Artificial Intelligence (AI) in agricultural machinery is revolutionizing farming practices. AI-powered tractors operate autonomously, enhancing efficiency, productivity, and sustainability. These smart machines analyze data to optimize route planning and resource allocation, contributing to precision farming techniques.
**Challenge - High Costs:** The high costs associated with agricultural machinery pose a significant challenge to market growth. Manufacturers invest heavily in R&D, leading to higher prices for advanced equipment. Additionally, complex manufacturing processes and rising energy prices contribute to the overall cost of machinery, hindering market expansion.
**4. Market Segmentation:**
**Type Segment Analysis:** The wheel tractor segment is poised for significant growth, driven by its versatility and widespread use in various farming tasks. Modern wheel tractors offer superior horsepower, control, and efficiency, making them indispensable in the agricultural sector.
**Application Segment Analysis:** The farm segment dominates the market, reflecting the crucial role of agricultural tractor machinery in modern farming practices. Larger farms require powerful and versatile tractors to handle diverse tasks efficiently, driving demand in this segment.
**5. Regional Analysis:** The APAC region is expected to be a key contributor to market growth, driven by the imperative to enhance efficiency and productivity in agriculture. Countries like China, India, and Indonesia are transitioning to mechanized farming, further fueling market expansion.
**6. Major Market Companies:** Industry players like Caterpillar Inc., AGCO Corp., and Argo Tractors SpA are at the forefront of providing advanced agricultural tractor solutions. These companies employ various strategies such as alliances and product launches to strengthen their market presence.
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**Conclusion:** The agricultural tractor machinery market continues to evolve, driven by technological advancements and changing agricultural practices. By addressing challenges, leveraging emerging trends, and collaborating with strategic partners, industry players can capitalize on market growth and drive innovation in farming practices.
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Farm Equipment Rental Market Outlook, Growth, Report 2022-2028
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Farm Equipment Rental Market was worth USD 45.82 billion in the year 2021. The market is projected to grow at a CAGR of 6.1%, earning revenues of around USD 69.36 billion by the end of 2028. The Global Farm Equipment Rental Market is booming because the need to ease farmers' financial burdens is one of the main causes fueling the growth of the farm equipment rental market. Agricultural equipment rental market development is being driven mostly by the need to ease farmers' financial burdens. During the projection period, the market will be favorably driven by the growing need to reduce financial constraints on farmers. Larger farming tools like tillage equipment, mower conditioners, and forage harvesters are not only more expensive but also take longer to produce the required outcomes. As a result, farm equipment rental firms are offering heavy equipment at competitive rental rates. However other factors, such as rising government support for the purchase of new farm equipment, could restrain market expansion.
New Products to Support Market Growth
Countries like China and India have low rental penetration rates when compared to the global average. The CHC farm machinery app, which enables farmers to hire tractors and other farm machinery, was launched by the Indian government in October 2019. Small and marginal farmers can easily rent farm equipment thanks to this software. Mahindra, a pioneer in the farm machinery market, has also unveiled TRRINGO.com as a farm machinery hiring company. The TRRINGO is the first technology-based model in tractor rental services for farmers who are unable to purchase their tractors and other agricultural equipment.
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High Demand for Equipment
Tractors, harvesting equipment, soil cultivation equipment, pest control equipment, and planting and fertilizer equipment are examples of farm equipment rentals. These artifacts are classified into numerous groups. Rotary tillers, for example, are soil cultivation tools that are used in conjunction with tractors. Rotary tillers use an electric motor cultivator with spinning blades to cultivate the soil. Furthermore, the agricultural aircraft sprayer in the farm equipment category serves as pest control equipment. It is used to apply insecticides, pesticides, and herbicides to plants. Furthermore, the distinctive farm equipment combined harvester is a rare piece of machinery that is only available in a few countries. A combine harvester is a piece of machinery used to harvest, clean, and thresh grain crops.
Challenge: Government Support for the Purchase of New Farm Equipment Has Increased
One of the main obstacles to the growth of the global farm equipment rental market is the growing government support for the purchase of new farm equipment. For instance, the Agriculture and Farmers Welfare Department in India offers farmers financial assistance for the purchase of machinery for managing straw. Similar to this, the Chinese government offers farmers up to 30% off the cost of brand-new agricultural equipment as part of a subsidy scheme. Through this government scheme, farmers can get technologically advanced equipment for less money. The demand for new types of farm equipment will increase as a result of government incentives for agricultural equipment. Because of this government help, farmers can now choose to buy current agricultural equipment models rather than rent them. Such challenges can obstruct future development. These factors collectively prevent the global farm equipment rental market from expanding.
Segmental Coverage
Global Farm Equipment Rental Market - By Drive
Based on the drive, the Global Farm Equipment Rental Market is segmented into Four-Wheel Drive and Two-Wheel Drive. Tractors with four-wheel drives are durable equipment typically utilized for 100–2,000-hectare commercial farming operations. They have very high wheel-slip and wheel-power capacities in addition to having a very high pulling capacity. The tractor's body is resistant to the most damage, and it also shortens the time needed for cultivation in general. The industrialized nations, including the US and those in Europe, which have the preponderance of large-scale and commercial farmers, are where 4WD tractors are in the highest demand. They also observe adoption rates of mechanization in farming between 95% and 99%.
Impact of COVID-19 on Global Farm Equipment Rental Market
The market for farm equipment rentals decreased in 2020 as a result of the partial government shutdown and the lack of demand from farmers. Numerous farm equipment products have been put on hold as a result of the COVID-19 pandemic, primarily as a result of the prolonged shutdown in significant foreign markets. The market for renting farm equipment has experienced a significant slowdown recently, and this trend is likely to continue through 2020. In the first quarter of 2020, COVID-19 already affected sales of equipment and machinery, and it is anticipated that this effect will continue throughout the year. The substantial demand for machinery and equipment has already been observed by the United States, Germany, Italy, the United Kingdom, and other major manufacturing nations.
Competitive Landscape
The leading market players in the Global Farm Equipment Rental Market are John Deere, AGCO Corporation, CNH Industrial, Kubota Corporation, CLAAS Company, Zector Tractors, Valmont Industries, SAME Deutzfahr Group, Kuhn Group S.A, Manitou Group, and Other Prominent Players. The Global Farm Equipment Rental Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
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By will Bolster Growth of the Farm Equipment Rental Market Registering 7.6% growth
VynZ Research provides market overview of the current environment as well as the industry's future growth in the Farm Equipment Rental market. It uses data from annual reports, product literature, industry developments, and other sources to conduct a quantitative market study. The future growth prospects of the industry are based on a rapid quantitative and qualitative assessment of data from various sources.
The Farm Equipment Rental market is projected to reach USD 68.8 billion by 2027, witnessing a CAGR of 7.6% during the forecast period 2021-2027.
To assist companies in developing their business plans, the research examines the major factors influencing the growth of the Farm Equipment Rental market, also including Drivers, Constraints, Governmental Policies, Opportunities, Challenges, a Constructive Approach, and Market Economic Expansion Strategies.
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The influence of recent market disruptions such as the Russia-Ukraine war and Covid-19 on the market will be examined in this research report.
Segments Defined:
The research report divides the market into segments based on geography, on Equipment type, on the Power Output and on Drive During the forecast period of 2021 to 2027, each category gives data on production and consumption. Understanding the segments aids in determining the importance of various market growth variables.
Market segmentation:
Based on Equipment type: For the forecasted period the Harvesters segment is expected to be the fastest-growing market segment with the highest CAGR in the global Farm Equipment Rental Market.
Based on Equipment type, the Global Farm Equipment Rental Market is segmented into-
1. Tractors 2. Harvesters 3. Balers 4. Sprayers 5. Other equipment types
The harvesters are self-propelled, versatile machines that are designed in order to efficiently harvest a variety of grain crops. The processes like Reaping, threshing, and winnowing, are the 3 separate harvesting procedures that are combined into one single process with the help of a harvester. Hence, high labour costs and an inefficient workforce are the key driving factors for growth in demand for the harvesters in the global market for farm equipment rental.
Based on Power Output: For the forecasted period the 71-130 HP segment is expected to be the fastest-growing market segment/s
Based on the Power Output: a. <30 HP b. 31-70 HP c. 71-130 HP d. 131-250 HP e. >250 HP
The 71–130 HP segment mostly includes 4WD tractors and a few 2WD tractor models. The countries in the APAC region that are aiming to significantly increase mechanization of the farm rates are seeing a growth in the demand for such tractors. This demand is higher due to key factors like high food production necessity, higher consumption rates, higher power requirements in the farms, and the large land size of the farm.
Based on Drive: For the forecasted period the four-wheel-drive segment is expected to be the fastest-growing market segment in the global Farm Equipment Rental Market. Based on Drive the market is segmented into the following - a. Two-wheel drive b. Four-wheel drive
The four-wheel-drive tractors, robust machines, are used usually for large scale 100 – 2,000 HP commercial farming practices. They are known to have a high pulling capacity and also have high wheel-power and wheel-slip capacities. The body of a tractor is highly resistant to maximum levels of wear and tear, and also, it reduces the required overall cultivation time. The 4WD tractors’ demand is seen to be maximum from the developed nations like the US and in line with those in Europe, which hold the majority of the commercial and large-scale farmers. Also, they witnessed 95%–99% of mechanization adoption rates in farming.
Region and Country Specific Defined:
Thorough research of certain regions and their related countries is conducted to guarantee that the comprehensive detailing of the Farm Equipment Rental market's footprint and sales demographics are captured with accuracy, allowing users to make the most of this data.
Competitive Scenario:
In order to obtain essential and critical industry data, the records of major market participants are analyzed. It provides vital information and status on industry players, as well as serves a useful source of advice for businesses and organizations. Porter's Five Forces analysis, SWOT analysis, PEST analysis, competitor landscape, development trends, and strategy analysis, are all covered in depth in the " Farm Equipment Rental market " research. Major breakthroughs, developments, mergers and acquisitions, and agreements with other important organizations have all been investigated.
Top players are:
�� John Deere (U.S.A)
• CNH Industrial (U.K)
• Kubota Corporation (Japan)
• AGCO Corporation (U.S.A)
• Mahindra & Mahindra (India)
• JCB (U.K)
• Escorts Ltd (India)
• Tractors and farm equipment’s ltd. (India)
FAQ
What are the trends and market dynamics along with market size and growth rate of the Farm Equipment Rental market during the forecast period?
What is the future impact of the Farm Equipment Rental market and limits on the market?
What regions currently contribute the maximum share to the global market?
How the changed competitive dynamics can influence the Farm Equipment Rental market?
Who are the industry players in the Farm Equipment Rental market and what strategies are adopted by them to sustain in the market?
About Us:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ Research has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
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Farm Equipment Market Research Report with Outlook, Strategies, Challenges, Geography Trends
Farm equipment market would exhibit a CAGR of 5.34% for the forecast period. On the basis of current trends and insights, the current farm equipment market value i.e. USD 132.2 billion will climb up to USD 200.54 billion by the year 2028.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
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Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
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Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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#Farm Equipment Market#Farm Equipment#Farm Equipment Market Trends#Farm Equipment Market industry#Farm Equipment Market news#Farm Equipment Market Research
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Nigeria: Entrepreneur grows farming business into chocolate and plantain flour producer
Nobert Okafor, CEO of Noberto Group, with the chocolates his company produces.
Selling has been in Nobert Okafor’s blood since he was seven years old. At the time, he would spend Christmas and holidays with his grandmother who grew bananas at her compound in the village of Nimo in Anambra state, Nigeria. She would give the harvest to young Okafor, with the instruction to go make some sales.
“I would start in front of her house and when the demand dwindled, I moved the location to the front of my father’s compound. It was along a busier road,” he remembers. “When that didn’t result in sold-out stock, I went to the village market.” Following the demand worked and Okafor would receive praise from his grandmother when he returned having sold all the bananas.
Jump forward three decades and today Okafor (37) is the CEO of the Noberto Group, with its subsidiaries Nobleman Industries, Joofid Construction Company, Noberto Farms and the latest addition, Noberto Renewable Energy. He is still actively chasing sales but has added plantain and cocoa to the bananas, as well as the products processed from these crops.
First comes production, then processing
Okafor was making preparations to travel for further studies in either the UK or US when his father passed away in 2004. He had to cancel his plans so as to take over the family business. His father had established an equipment business, building Caterpillar heavy machinery from scrap and spare parts for rental to construction contractors. When construction clients were in short supply during the rainy season, the family would work a small patch of land, using a tractor they owned.
“That was my first experience with mechanisation and its impact on farming when I had to help my father as a teenager,” he recalls. From 2004 to 2010, he ran the family business and a few side hustles. Any profit was stowed away for his future entrepreneurial plans, which focused on agriculture.
In 2010, Okafor founded the first company in the group, Nobleman Industries and acquired 500 hectares of land in the Nigerian state of Cross River. He established a cocoa tree nursery and transplanted the trees onto 100 hectares. Plantain trees were interspersed between the cocoa trees to provide additional moisture during the dry season.
The Noberto Group supplied the cocoa harvest to the merchants who then sold it on to the exporters.
Okafor immediately saw a challenge that needed to be addressed. The fluctuation in the price that raw cocoa beans were fetching on the open market was less than ideal and he decided diversification further up the value chain would help the business.
He began testing his own chocolate recipe in his garage, grinding the cocoa beans by hand and adding sugar and milk until he was happy with the taste. Friends received the chocolate to sample and soon encouraged Okafor to produce on a larger scale so they could buy.
Slowly, he divested some of the inherited land assets from his father as well as heavy construction equipment and scrap. Bit by bit, the company acquired the machinery needed for cocoa processing from the US and by 2015, Okafor had raised enough capital to set up a processing facility in nearby Enugu state on land his father had previously procured.
In addition to making chocolates, Noberto Group also produces gluten-free flour from plantain.
The first branded chocolates landed in the market that year. At the same time, it started processing gluten-free flour from the plantain on its farm. Noberto Group worked hard to get its products onto the shelves of retailers, gaining traction steadily over time.
In 2018, the group added 30 hectares of land in the Uzo-Uwani local government, near the town of Adani, about two hours from its factory.
When the cocoa is harvested from either of the locations, it has to be fermented for five days and dried for another four, before being bagged and transported to the factory. Once there, the final sorting of the beans is done by hand and they are roasted. The roasted beans are cracked and winnowed (the process of removing the outer shell of the cocoa bean). Some of the meat from the cocoa bean is then processed into cocoa cake and butter used for cocoa by-products or combined with milk and sugar to make milk chocolate. The rest is ground and used to produce dark chocolate or cocoa powder.
The finished chocolate bars and candies are still hand-wrapped but Okafor hopes to soon mechanise this.
Diverse products for the local market and beyond
For now, the Noberto Group is focused on expanding its presence in the Nigerian market. Its chocolate products are available in local supermarkets and pharmacies in seven states while the cocoa powder, plantain flour and banana powder are sold directly to bakeries. The cocoa butter is bought by producers of body lotion.
The group does its own distribution within Enugu State, but outside these borders, it has distributors that buy directly from it and supply to supermarkets.
Exports are not entirely off the table. Okafor believes there is a global market for plantain flour, with demand coming from African expats and consumers looking for a gluten-free option. “We are working with the Nigerian Export Promotion Council on export opportunities,” he says.
For the chocolate products, the group is looking at the regional market and possibly Asia. “We don’t really see a market in Europe for our finished chocolate products. Perhaps the cocoa by-products that we produce, like cocoa butter, could find a market there.”
Accelerated growth planned
Noberto’s current processing capacity is 10 tonnes of cocoa a month. Keeping growth slow and steady in the beginning, was deliberate, according to Okafor, as he wanted to test the product offering with the perfect recipe for local tastes before pursuing growth in all earnest.
“We now have seven recipes for chocolate candies that our people like and can now look at making bigger investments and finding equity partners.”
On top of the capacity for cocoa, the group can process five tonnes of plantain a month into flour and three tonnes of bananas into powder.
At its premises in Enugu, the company is now raising cattle. The medium-term goal is to substitute all procured milk needed for the processing of chocolate with its own milk. To this end, it is artificially inseminating the cows to build the herd.
“The processing has differentiated us from other cocoa producers in the area,” says Okafor. “The moment we went into processing, it gave our business a new face, an edge.”
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Farm Equipment Market Research Report with Outlook, Strategies, Challenges, Geography Trends
Farm equipment market would exhibit a CAGR of 5.34% for the forecast period. On the basis of current trends and insights, the current farm equipment market value i.e. USD 132.2 billion will climb up to USD 200.54 billion by the year 2028.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-farm-equipment-market
Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
Want Full Report? Enquire Here@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-farm-equipment-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
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Related Reports:
Automotive Braking Systems Market
Automotive HVAC Market
#Farm Equipment Market#Farm Equipment#Farm Equipment Market trends#Farm Equipment Market Industry#Farm Equipment Market News#Farm Equipment Market Research#Farm Equipment Market analysis
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Agriculture Tire & Tire Cord Market 2021 Recent Industry Developments and Growth Strategies Adopted by Top Key Players Worldwide and Assessment to 2025
Rental Programs Help Tractor Manufacturers to Tide over Uncertainty with COVID-19 Pandemic
Agricultural raw material prices are anticipated to remain low during November and December 2020 in the coronavirus (COVID-19) era. The World Bank’s Raw Materials Price Index projects prices for agricultural raw materials, such as natural rubber, will gauge a modest recovery by the first quarter of 2021. However, the recovery is not expected to offset the losses incurred in 2020. Pandemic-related mobility restrictions have caused a slowdown in economic growth of the agriculture tire & tire cord market.
Tractor makers are expected to innovate in vehicles to bolster volumes during the COVID-19 pandemic. Though tractor sales are gaining momentum, manufacturers need to innovate in vehicles to tide over uncertainties stemming from the pandemic. Rental programs and shared business usage models are projected to revive growth in the agriculture tire & tire cord market.
Request a sample to get extensive insights into the Agriculture Tire & Tire Cord Market
Manufacturers Target Growth Opportunities with Small Farmers in India
Virtual design modelling and new tire compound recipes are helping companies in the agriculture tire & tire cord market gain competitive edge over other players. Since India is an agriculture-intensive economy, tire manufacturers are establishing supply chain routes in this country. Apart from Apollo and Good Year Tyres, companies such as BKT and Birla Tyres are increasing efforts to gain recognition in the India agriculture tire & tire cord market. There is a growing demand for agriculture tires & tire cords that deliver safety at farms.
Manufacturers are designing agricultural tires with standard rubber combinations at affordable prices, as Indian manufacturers are budget-strapped. Companies are increasing their production capacities for radial agricultural tires in order to enhance the convenience and productivity of Indian farmers. In countries other than India, manufacturers are innovating in smart tires with sensor technologies for agricultural applications.
On- and Off-road Tires a Game Changer for Agricultural Transportation
The agriculture industry has become one of the largest transport users. Farmers in Germany transport several million tons of goods annually over a distance of 4 to 90 kms on an average. However, companies in the agriculture tire & tire cord market are still making slow progress to develop trucks that can withstand challenging applications in transport and logistics tasks. As such, the market is slated to advance at a modest CAGR of ~5% during the assessment period.
In order to overcome challenges in transportation and logistics, truck manufacturers are utilizing on- and off-road tires. For instance, the Alliance 398 MPT agricultural tire is being highly publicized for on- and off-road applications between destinations of warehouses, factories, and agricultural sites. Manufacturers in the agriculture tire & tire cord market are establishing stable revenue streams in truck manufacturing, since trucks are more fuel-efficient than tractors.
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Reduced Downtime in Vehicles Leads to Improved Bottom Lines for Farm Owners
The agriculture tire & tire cord market is projected to surpass the US$ 14.9 Bn mark by 2030. However, users are challenged with downtime associated with agricultural trucks and tractors. Hence, tire companies are increasing awareness about preventative tire maintenance measures to reduce downtime. They are educating farm owners about agriculture tire tread depth measurement and precision inflation to reduce the downtime pertaining to agricultural trucks and tractors.
The agriculture tire & tire cord market has transformed from metal to pneumatic products to deploy better fuel economy and power in agricultural vehicles. Pneumatic agricultural tires are helping farm owners to boost productivity levels in various activities. These tires are gaining popularity for its increased traction, fuel efficiency, and reduced compaction. Reduced downtime in agricultural vehicles results in improving bottom lines for farm owners.
Wear-resistant Tread Compounds Help in Production of All-terrain Agricultural Tires
Apart from tractors and trucks, manufacturers in the agriculture tire & tire cord market are tapping into value-grab opportunities within slurry tankers and towing trucks. For instance, Nokian Tyres— a tire manufacturer in Finland, is increasing its R&D capabilities to adapt its production processes according to the ever-evolving nature of the agricultural industry.
Companies in the agriculture tire & tire cord market are setting their collaboration wheels in motion to team up with tractor and truck manufacturers to spark innovations in all-round tires. Rugged agricultural tires are useful in winters and other demanding applications such as for soil compaction, tread wear, and sidewall strength at super-low inflation rates. All-terrain mobility combined with on-road performance is being preferred by tractor and truck owners. Manufacturers are using high-grade and wear-resistant tread compounds in tires to deploy long-lasting performance in agricultural vehicles.
Mobile Apps Aid in Recommended Adjustments to Tractor’s Tire Performance
It has become important for manufacturers in the agriculture tire & tire cord market to adapt to the changing needs of vehicle manufacturers to stay abreast with latest developments. Trelleborg Wheels— an expert in farming, material handling, and construction industries, is capitalizing on this opportunity to introduce its Progressive Traction technology, which helps to manufacture tires that are meant for high-power tractors. Companies in the agriculture tire & tire cord market are taking cues from established companies to innovate in tires that reduce vibration, minimize fuel consumption, and decrease energy dissipation.
Mobile apps are a breakthrough innovation in the market landscape, as advanced sensor-based control systems are capable of measuring potential differences between optimal pressure and actual tire pressure. Moreover, wireless connectivity between mobile devices and a farmer’s computer deploys the recommended adjustments in the tractor’s tire performance.
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Analysts’ Viewpoint
Tractor manufacturers are bearing the ripple effects of the COVID-19 outbreak, which are expected to reflect in volatility for government policies. The low cost of ownership with trucks is helping farm owners to scale their business in various states. However, the ever-evolving nature of agricultural industry is emerging as a challenge for companies in the agriculture tire & tire cord market to address the changing needs of farm owners. Hence, manufacturers are innovating in pneumatic tires and increasing their R&D about tread wear, modern tire designs, and soil compaction to increase the availability of all-terrain tires. Mobile apps are emerging as a smart solution to manage vehicle performance in real time.
Agriculture Tire & Tire Cord Market: Overview
The global agriculture tire & tire cord market is anticipated to expand at a CAGR of ~5% during the forecast period, owing to increased use of agricultural equipment worldwide to achieve better farm yields
China, India, and the U.S. hold a key share of the agriculture tire & tire cord market globally, owing to the presence of a larger number of in-use tractors and high sales of new tractors in these countries
Drivers of Agriculture Tire & Tire Cord Market
Developing countries depend heavily on agriculture, and their growing population is fueling the demand for high farm yield. Consequently, governments and international organizations have been initiating various schemes to promote mechanization in the agriculture sector. Growing mechanization in agriculture in Middle East & Africa and Latin America is projected to boost the agriculture tire & tire cord market in these regions. Financial support and subsidies from various governments and food organizations, such as FAO, are boosting the adoption of tractors in developing countries, which, in turn, is anticipated to drive the agriculture tire & tire cord market in these countries.
For instance, in August 2020, in India, under the Sub-Mission on Agricultural Mechanization, the government released US$ 7.48 Bn to state governments across the country in order to boost inclusive growth and productivity in agriculture through mechanization. Similarly, in Africa, the African Union is aggressively promoting the adoption of sustainable mechanization across the continent under its Comprehensive Africa Agriculture Development Program. Off-highway vehicles such as tractors and harvesters are expected to play a pivotal role in augmenting agricultural productivity in the region.
Tractors were earlier employed for simple applications such as plowing and tilling. Presently, tractors perform an array of operations such as irrigation, harvesting, and fertilizer spreader; hence, more specialized tires with larger rim size are used, which are more expensive. Till 2009, the largest agriculture tire had a circumference of 243 inches; however, currently, tire manufacturers are offering sizes as large as 256 inches. The overall increase in the size of the tire has fueled the price of the tire and is subsequently, boosting the market, in terms of revenue.
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Farm Equipment Market Size Global Gathering and Future Outlook 2020 to 2026
Farm Equipment Market is expected to grow from its initial estimated value of USD 101.89 billion to a projected value of USD 138.69 billion by 2026, registering a CAGR of 3.93% in the forecast period of 2020-2026.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-farm-equipment-market
Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
Want Full Report? Enquire Here@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-farm-equipment-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Automotive Braking Systems Market
Automotive HVAC Market
#Farm Equipment Market#Farm Equipment#Farm Equipment Market Trends#Farm Equipment Market Industry#Farm Equipment Market News#Farm Equipment Market Research#Farm Equipment Market Analysis
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Saturday, December 5, 2020
Biden adjusting agenda to reflect narrow divide in Congress (AP) President-elect Joe Biden is adjusting the scope of his agenda to meet the challenges of governing with a narrowly divided Congress and the complications of legislating during a raging pandemic. Rather than immediately pursue ambitious legislation to combat climate change, the incoming administration may try to wrap provisions into a coronavirus aid bill. Biden’s team is also considering smaller-scale changes to the Affordable Care Act while tabling the more contentious fight over creating a public option to compete with private insurers. The maneuvering reflects a disappointing political reality for Biden, who campaigned on a pledge to address the nation’s problems with measures that would rival the scope of Franklin Delano Roosevelt’s New Deal legislation. But Democrats acknowledge that big legislative accomplishments are unlikely, even in the best-case scenario in which the party gains a slim majority in the Senate.
California Will Impose Its Strongest Virus Measures Since the Spring (NYT) California, the first state to impose far-reaching lockdowns because of the coronavirus, announced on Thursday its strictest new measures since the earliest days of the pandemic in an effort to keep a surge in cases from overwhelming hospitals. Gov. Gavin Newsom said the new round of regional stay-at-home orders would take effect as intensive-care beds filled up. Millions of people across Southern and Central California are likely to see outdoor dining shuttered, playgrounds roped off and hair salons closed within days if the available intensive-care capacity in their areas dips below a 15 percent threshold. The new restrictions will last for at least three weeks, strictly limit store capacity and allow restaurants to serve only takeout or delivery. The governor also said people should temporarily call off all nonessential travel.
Americans are largely skeptical of the news media, but say there is room for confidence to improve (Pew Research Center) In general, Americans tend to express more negative than positive views about the news media and feel that that it is beneficial for society to approach the media with some level of skepticism. But the public does not view the media as a lost cause: A vast majority of U.S. adults say it is possible to increase their level of confidence in the institution. Respondents were asked to evaluate news organizations overall across five different dimensions. One dimension that particularly stands out is that many think news organizations lack empathy toward those they cover, with 53% saying news organizations do not care about the people they report on, 30 percentage points higher than the portion who says news outlets do care (23%). Roughly two-thirds of Americans (63%) think that, ideally, it is better for society if the public is skeptical of the news media. This is far higher than the portion who say it is better if the public is trusting of the news media (36%).
In a holiday season unlike any other, avoid unfounded claims about suicide (Annenberg Public Policy Center of the University of Pennsylvania) The holiday season usually has the lowest monthly suicide rates. And while the COVID-19 pandemic has increased risk factors associated with suicide, the media and the public should be careful this holiday season not to make unfounded claims about suicide trends. Last year, during the holidays and before the pandemic, about half of the newspaper stories that connected the holidays and suicide contained misinformation falsely perpetuating the myth that suicide increases over the holidays, according to a new analysis by the Annenberg Public Policy Center (APPC) of the University of Pennsylvania. Though the pandemic has increased factors associated with suicide such as unemployment, financial stress, and social isolation, there is no clear evidence to date that it has increased the suicide rate, so caution is needed when reporting on this, as noted recently in The Lancet Psychiatry. In addition, a study found that suicide rates did not increase during the Massachusetts lockdown in March, April, and May, while a BMJ editorial reviewing national suicide trends during the early months of the pandemic found either no rise or a fall in suicide rates in high-income countries, including the United States. For decades, the holiday season has had some of the lowest suicide rates, according to the U.S. Centers for Disease Control and Prevention (CDC).
Abandoned oil wells (Grist) As the finances make large numbers of individual oil wells fiscally untenable and threaten the balance sheets of the companies that now maintain them, an ongoing crisis of abandoned oil and gas wells is poised to get a lot worse. In Oklahoma, the agency that regulates the oil and gas business has a list of 12,000 “orphaned” wells, or holes in the ground that have been abandoned by an owner who may very well not exist, or no longer possess the money to plug it. Last year, the state plugged a mere 138 abandoned wells, so it’s going badly. Across the country there were 50,000 wells on cleanup lists in 2018, and the true estimated figure for abandoned wells is between 200,000 and 750,000. Including idle wells, the count is about 2.1 million.
Mexicans asked to curb Christmas plans to control pandemic (Reuters) Mexicans should cancel year-end travel plans, curb their movement and even avoid exchanging Christmas presents amid rising coronavirus case numbers in the country, the president said on Friday. President Andres Manuel Lopez Obrador also announced increasing capacity for more hospital beds as well as extra medical equipment and staff to help in the fight to curb the pandemic. The leftist president, outlining a 9-point plan, said the suggested steps to limit the spread of the virus were especially important for residents of metro Mexico City, the densely-packed capital with a population of over 20 million. Lopez Obrador said there would be no mandatory lockdowns and that he encourages people to act responsibly. But he warned that traditional festive gatherings known as posadas, where friends and family typically gather in a single house, should not take place this year. He also advised there should be no New Year’s Eve parties and even suggested Mexicans do not give Christmas presents this year, saving them for another time.
Venezuela Votes as Opposition Boycotts Election (Foreign Policy) Venezuelans go to the polls on Sunday in a National Assembly election that is likely to extinguish the country’s opposition following months of electoral maneuvers by the government. In 2015, the last time such elections were held, opposition parties won in a landslide victory. The win paved the way for the ill-fated Assembly President Juan Guaidó to attempt to take power by declaring himself the rightful leader of the country. More than 50 countries followed in recognizing Guaidó’s claim in 2019. Five years later, due to a decision to boycott the vote, neither Guaidó nor traditional opposition politicians are on the ballot this time around. Over the summer, Venezuela’s Supreme Court handed over the leadership of the country’s main opposition parties to government loyalists, and those party names will still appear on the ballot on Sunday. A new assembly dilutes Guaidó’s claim to control in Venezuela as he’ll no longer be the most recent president of the assembly. Turnout in the sanctions-ravaged country is expected to be low despite government attempts to entice voters to the polls, including a promise of “special prizes�� to the communities with the highest rates of turnout.
‘Field of Broken Dreams’: London’s Growing Taxi Graveyards (NYT) EPPING, England—Drive through a leaf-strewn forest and past a charming street market in this town about 20 miles northeast of London, and a jarring sight appears: black London taxis, parked bumper-to-bumper by the hundreds in a muddy field, surrounded by beehives and a barn for raising squab pigeons. It’s a monument to the economic devastation wrought by the pandemic. The cabs were returned by their drivers to a rental company because of the collapse in business after Britain went into lockdown last March. As the number of idled taxis piled up, the company ran out of room in its garage and cut a deal with a local farmer to store about 200 of them alongside his bees and pigeons. “I call it the field of broken dreams,” said Steve McNamara, general secretary of the Licensed Taxi Drivers’ Association, which represents about half of the British capital’s more than 21,500 licensed cabbies. “It’s awful, and it’s getting worse.” It’s anyone’s guess when central London’s deserted streets will once again fill with office workers, theatergoers and tourists. As of now, barely a fifth of London’s taxis are currently operating, Mr. McNamara said, and the drivers still on the road are averaging just a quarter of their pre-pandemic fares. The city estimates that 3,500 taxis have left the streets since June. They are stashed in parking lots, warehouses, garages and fields all around the capital.
India’s winter of discontent: Farmers rise up against Modi (AP) A chilly breeze whirls through New Delhi in the mornings and the sun is partly obscured by toxic haze, a marker of another winter in the Indian capital. But along the city’s borders, this year is visibly and viscerally different. The perpetually busy arterial highways that connect most northern Indian towns to this city of 29 million people now pulse to the cries of “Inquilab Zindabad”—“Long live the revolution.” Tens and thousands of farmers with distinctive, colorful turbans and long, flowing beards have descended upon the city’s borders, choking highways in giant demonstrations against new farming laws that they say will open them to corporate exploitation. For more than a week, they’ve marched toward the capital on their tractors and trucks like an army, pushing aside concrete police barricades while braving tear gas, batons and water cannons. Now, on the outskirts of New Delhi, they are hunkered down with food and fuel supplies that can last weeks and threatening to besiege the capital if Prime Minister Narendra Modi’s government doesn’t meet their demands to abolish the laws. Many of the protesting farmers hail from northern Punjab and Haryana, two of the largest agricultural states in India. An overwhelming majority of them are Sikhs. They fear the laws passed in September will lead the government to stop buying grain at minimum guaranteed prices and result in exploitation by corporations who will push down prices. Many activists and farming experts support their demand for a minimum guaranteed price for their crops.
Bangladesh ships Rohingya refugees to remote island despite outcry (Reuters) Bangladesh naval vessels carried some 1,600 Rohingya refugees towards a remote island in the Bay of Bengal on Friday despite complaints by refugees and humanitarian groups that some were being coerced. Bangladesh says it is only moving refugees who are willing to go to Bhasan Char and it will ease chronic overcrowding in camps that are home to more than 1 million Rohingya, members of a Muslim minority who have fled neighbouring Myanmar. But refugees and humanitarian workers say some of the Rohingya had been coerced into going to Bhashan Char a flood-prone island that emerged from the sea 20 years ago. Bangladesh has built more than a thousand cinderblock housing units on Bhasan for the Rohingya refugees. More than 300 refugees were brought to the island earlier this year after several months at sea in an attempt to flee Bangladesh. Rights groups say they are being held against their will and have complained of human rights violations.
Rains in western Indonesia leave 2 dead, 2,700 homes flooded (AP) Torrential rains in Indonesia’s third largest city caused four rivers to overflow, flooding thousands of homes and killing at least two people, officials said Friday. The local disaster mitigation agency said rescuers were searching for six missing people, including a toddler, after the heavy rains in Medan, the capital of North Sumatra province. At least two people were found dead after being swept away by the floods, which began Thursday evening, the agency said in a statement. More than 2,700 houses were flooded in the city, which has about 2.9 million people, forcing authorities to cut off electricity and water supplies, it said. Floods and landslides are common in Indonesia during the rainy season. Severe flooding and landslides that hit greater Jakarta early this year killed more than 60 people, displaced hundreds of thousands and forced an airport to close.
Egyptians released (Foreign Policy) Egyptian authorities have released three employees of the Egyptian Initiative for Personal Rights, one of the few independent human rights organizations still operating in the country. The trio’s arrests garnered worldwide attention in November, with Antony Blinken, the nominee for U.S. secretary of state, sharing his concern on Twitter. The move comes as two Washington-based groups, the Center for International Policy and the Project on Middle East Democracy, called on Biden to impose strict human rights conditions on the $1.3 billion in annual U.S. security assistance to Egypt.
Jupiter and Saturn will come close enough to form first ‘double planet’ visible in nearly 800 years (Washington Post) In the complex dance of the cosmos, two celestial bodies are about to partner up. Jupiter and Saturn often look far apart—two separate specks puncturing different parts of the night sky. But later this month, the two largest planets in the solar system will come so close to each other that they may appear to be overlapping, according to NASA, creating a kind of “double planet” that has not been visible since the Middle Ages. The once-in-a-lifetime sight is the product of an astronomical event known as a “conjunction,” in which two objects line up with each other in the sky. When it involves Jupiter and Saturn catching up to each other, it’s sometimes called a “great conjunction.” “You can actually see it with your own eye. It doesn’t have to be measured with sophisticated instruments,” Michael Brown, an astronomer at Monash University in Australia, told The Washington Post. “The two objects are appearing very close in the sky, but ultimately they’re very far away from each other.” While Jupiter and Saturn will be separated on Dec. 21 by 0.1 degrees, or less than a third of the moon’s width, the two planets will nonetheless remain separated by about 450 million miles in space, he said. The last time Saturn and Jupiter were close enough to create a “double planet” seen from Earth was in March 1226, Brown said.
Adolf Hitler Uunona wins election in Namibia, says he isn’t seeking ‘world domination’ (Washington Post) A man named Adolf Hitler Uunona has won a local election in Namibia with 85 percent of the vote, becoming a councilor in the Ompundja Constituency. According to the Electoral Commission of Namibia, Uunona claimed a seat for the South West Africa People’s Organization, also known as the SWAPO party, after racking up 1,196 votes last month. Uunona has no connection to his unusual namesake—but does have a sense of humor about the situation. He is not “striving for world domination” and does not have plans to “conquer” the Oshana region, he told German newspaper Bild. In his interview with Bild, Uunona said that his father had named him after the Nazi dictator but “probably didn’t understand what Adolf Hitler stood for.” His wife, he said, calls him Adolf. The southwestern African country is a former German colony, and a number of streets and places still have German names.
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Global Farm Equipment Banking Service Market Overview, Size, Share and Trends 2020-2027
Summary - A new market study, titled “Global Farm Equipment Market Size study, by Product (Tractors, Harvesters and Others), by Application (Harvesting & Threshing, Sowing & Planting and Others) and Regional Forecasts 2020-2027” has been featured on Wise Guy Reports.
Global Farm Equipment Market is valued approximately at USD 103.3 billion in 2019 and is anticipated to grow with a growth rate of more than 3.9% over the forecast period 2020-2027. Farm equipment are the equipment used at several stages of agriculture such as planting, sowing, land development, cultivation, harvesting, and threshing. Farm equipment includes tools such as hand trowel to fertilizers, fertilizer spreader, harrow, seeder, plow, and high-end engineered tractors. The use of automatic and semiautomatic equipment reduces the costs incurred on manpower in farm. The government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, contract farming and increase in farm mechanization are the few factors responsible for growth of the market over the forecast period. Further rising government initiatives for agricultural growth and increasing advancements in agriculture sector are the driving factor responsible for the growth of the market over the forecast period. According to Department of Agriculture, Cooperation & Farmers Welfare, in 2018, Indian Government initiated Micro Irrigation Fund created with National Bank for Agriculture and Rural Development (NABARD) with an initial corpus of Rs. 5000 crore or USD 66.67 million (Rs. 2000 crore for 2018-19 & Rs. 3000 crores for 2019-20) for encouraging public and private investments in Micro irrigation. Also, Pradhan Mantri Samman Nidhi Yojana was introduced, goal of providing a minimum fixed pension of Rs 3000 (US$ 42.92) to the eligible small and marginal farmers, subject to certain exclusion clauses, on attaining the age of 60 years, under the Union Budget 2019-20. U.S. Department of Agriculture (USDA) provides direct and guaranteed farm ownership and operating loans to family-size farmers and ranchers, who are unable to obtain commercial credit from a bank, Farm Credit System institution, or other lender. Thus, government initiatives for agricultural growth will create a lucrative demand for the market. However, the growth of the rental market and high cost of equipment in emerging economies is the major factor restraining the growth of global Farm Equipment market during the forecast period.
ALSO READ: https://www.einpresswire.com/article/527950889/global-farm-equipment-market-2020-industry-analysis-share-growth-sales-trends-supply-forecast-2027
The regional analysis of global Farm Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the the fast adoption of new technology, growing demand for high-powered tractors, growing horticulture industry and financial incentives by the government.
Major market player included in this report are:
John Deere
CNH Industrial N.V.
Mahindra & Mahindra Limited
AGCO Corporation
Kubota Corporation
CLAAS KGAA
Iseki & Co., Ltd.
JCB
SDF Group
Yanmar Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Tractors
Harvesters
Others
By Application:
Harvesting & Threshing
Sowing & Planting
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Farm Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Farm Equipment Market Research Report with Outlook, Strategies
Farm Equipment Market is expected to grow from its initial estimated value of USD 101.89 billion to a projected value of USD 138.69 billion by 2026, registering a CAGR of 3.93% in the forecast period of 2020-2026.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-farm-equipment-market
Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
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Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Automotive Braking Systems Market
Automotive HVAC Market
#Farm Equipment Market#Farm Equipment#Farm Equipment Market Trends#Farm Equipment Market Industry#Farm Equipment Market News#Farm Equipment Market Research#Farm Equipment Market Analysis
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Farm Equipment Market Research Report with Outlook, Strategies, Challenges, Geography Trends
Farm Equipment Market is expected to grow from its initial estimated value of USD 101.89 billion to a projected value of USD 138.69 billion by 2026, registering a CAGR of 3.93% in the forecast period of 2020-2026.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-farm-equipment-market
Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
Want Full Report? Enquire Here@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-farm-equipment-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Automotive Braking Systems Market
Automotive HVAC Market
#Farm Equipment Market#Farm Equipment#Farm Equipment Market Trends#Farm Equipment Market Indsutry#Farm Equipment Market News#Farm Equipment Market Research
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Farm Equipment Market Size, Business Revenue Forecast, Leading Competitors and Growth Trends 2028
Farm equipment market would exhibit a CAGR of 5.34% for the forecast period. On the basis of current trends and insights, the current farm equipment market value i.e. USD 132.2 billion will climb up to USD 200.54 billion by the year 2028.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-farm-equipment-market
Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
Want Full Report? Enquire Here@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-farm-equipment-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Automotive Braking Systems Market
Automotive HVAC Market
#Farm Equipment Market#Farm Equipment#Farm Equipment Market Trends#Farm Equipment Market Industry#Farm Equipment Market News#Farm Equipment Market Research#Farm Equipment Market Analysis
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Agricultural Compact Tractor Market COVID-19 Impact on Industry Share Forecast to 2024
Agricultural Compact Tractor Market size has the potential to grow by USD 296.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by engine capacity (20-40 HP and below 20 HP), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AGCO Corp., CNH Industrial NV, Deere & Co., Doosan Corp., Escorts Ltd., Kubota Corp., Mahindra & Mahindra Ltd., Sonalika International Tractors Ltd., Tractors and Farm Equipment Ltd., and Yanmar Holdings Co. Ltd.
Get Sample of the Report: https://www.technavio.com/talk-to-us?report=IRTNTR40547&type=sample&rfs=epd&src=report
The market is concentrated with few established vendors. The vendors in the market are constantly investing in new product development to meet the growing demand. Product launches also allow vendors in the market to expand their product portfolio, thereby increasing their market share. Kubota Corp., Mahindra & Mahindra Ltd., Sonalika International Tractors Ltd., Tractors and Farm Equipment Ltd., and Yanmar Holdings Co. Ltd. are some of the major market participants. Although the rising farm mechanization across the world will offer immense growth opportunities, the availability of used and rental equipment will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this agricultural compact tractor market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this agricultural compact tractor market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
AGCO Corp.
CNH Industrial NV
Deere & Co.
Doosan Corp.
Escorts Ltd.
Kubota Corp.
Mahindra & Mahindra Ltd.
Sonalika International Tractors Ltd.
Tractors and Farm Equipment Ltd.
Yanmar Holdings Co. Ltd.
The rising adoption of compact tractors by small-scale farmers is one of the primary factors driving agricultural compact tractor market growth. Compact tractors and mini tractors cost less as they are much smaller than the average tractor. Compact tractors are gaining wide popularity due to their lightweight as it allows crops like soya, cotton, and groundnut to be handled with care and reduce the damage to these delicate cash crops. Additionally, these agricultural compact tractors help farmers complete various tasks in the agricultural fields along with small farm implements, front-end loaders, and back-hoes. Such benefits fuel the demand for agricultural compact tractors.
The introduction of new products is one of the key agricultural compact tractor market trends, which will positively influence market growth. To capitalize on the market demand and to attract new customers, agricultural compact tractor vendors are launching similar products with improved features. As a result of such factors, the market will register a CAGR of over 4% during the forecast period.
#Agricultural Compact Tractor Market#Agricultural Compact Tractor Market News#Agricultural Compact Tractor Market Growth
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Farm Equipment Market 2020: Global Industry Exhibits Huge Growth
Farm Equipment Market is expected to grow from its initial estimated value of USD 101.89 billion to a projected value of USD 138.69 billion by 2026, registering a CAGR of 3.93% in the forecast period of 2020-2026.
Key Market Competitors: Global Farm Equipment Market
Few of the major competitors currently working in the farm equipment market are AGCO Corporation; KUBOTA Corporation; CLAAS KGaA mbH; SDF S.p.A.; Deere & Company; Mahindra & Mahindra Ltd.; J C Bamford Excavators Ltd.; Escorts Limited; Alamo Group Inc.; Bucher Industries; CNH Industrial N.V.; ISEKI & CO., LTD.; YANMAR CO., LTD.; Exel Industries; ZETOR TRACTORS a.s.; Tractors and Farm Equipment Limited and International Tractors Limited.
Download PDF Sample report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-farm-equipment-market
Farm equipment is a categorical name given to the equipments and machinery that are used by farmers in various agricultural activities, such as harvesting, ploughing, seeding, and various other activities. These equipments are in mechanized form and thereby result in increased output from the farm land subsequently resulting in increased profit margins.
Segmentation: Global Farm Equipment Market
· By Power Output (Farm Tractor, Autonomous Tractor)
· By Farm Tractor Drive Type (Four-Wheel, Two-Wheel)
· By Equipment Type (Balers, Combines, Sprayers)
· By Function (Harvesting & Threshing, Sowing & Planting, Ploughing & Cultivating, Plant Protection & Fertilizing, Others)
· By Rental Equipment Type (Combines, Tractors, Others)
· By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Competitive Analysis: Global Farm Equipment Market
Global farm equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of farm equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
· Increasing adoption of mechanized methods of agriculture and capital-intensive agriculture techniques due to the increased efficiency and effectiveness associated with the usage of the equipments; this factor is expected to act as a driver for the market growth
Market Restraint:
· Lower adoption rates from farmers of developing regions for the usage of high cost farm equipment; this factor is expected to restrain the market growth
Want Full Report? Enquire Here@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-farm-equipment-market
Key Insights in the report:
· Complete and distinct analysis of the market drivers and restraints
· Key market players involved in this industry
· Detailed analysis of the market segmentation
· Competitive analysis of the key players involved
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Data Bridge Market Research
US: +1 888 387 2818
Related Reports:
Automotive Braking Systems Market
Automotive HVAC Market
#Farm Equipment Market#Farm Equipment#Farm Equipment Market Trends#Farm Equipment Market Industry#Farm Equipment Market News#Farm Equipment Market Research
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