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[February 08, 2014]
Global Agriculture And Forestry Machinery Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
(PR Web Via Acquire Media NewsEdge) Albany, New York (PRWEB) February 08, 2014 Agriculture is undoubtedly one of the ground-breaking revolutions in the history of the world. With the passage of time, and improvement in applied technology, machineries have become an indispensable part of agriculture and forestry. A large variety of equipments like bed-tillers, harrows, cultivators, sprayers, rotators, de-stoners, drillers, tractors etc. are extensively used in agriculture, while forestry equipments include chain-saws, harvesters, trailers, winches, chippers, and skidder cranes. These machineries and equipments help to increase work efficiency and precision.
Browse the full report with request TOC at Agriculture And Forestry Machinery Market.
The market for agriculture and forestry machinery has recently seen high growth, and the same trend is expected to follow in the next five years. The Asia-Pacific region showed unparalleled growth, accounting for more than double the demand from the rest of the world. China is expected to outgrow the USA in terms of equipment production and export. Brazil and India are also expected to sustain their phenomenal increase in demand as well as production. The EU has also sustained slow growth, mainly due to the demand from Germany, France, and Italy. Russia also witnessed a strong growth in tractor sales. Asia and Eastern-Europe are expected to drive the growth in the demand for agriculture and forestry equipment.
One of the primary drivers for this market is the rapidly expanding population in Asian countries, driving the need for increased agriculture output. With the governments pressing for mechanized agriculture, it is natural for this market to grow and technology is another driver for this market. Better products developed for increased operational efficiency in the agricultural land or the forests drive its sales. Forest cover is reduced to accommodate people in ever expanding cities. Also, there is a huge demand for timber-woods and forest biomass in the EU and the USA, which drives the growth in the demand for forestry machineries.
One of the major restraints of this industry is the lack of information about products among farmers. Agriculture is the mainstay of the rural population, who often in developing countries lack the knowledge about the efficiencies of agricultural machineries. The initial capital requirement also acts as a deterrent in some cases. However, this trend is changing quickly due to government interventions and awareness programs.
Some of the main manufacturers of agriculture equipments include AGCO Group, Mahindra Group, Kuhn Group, Kubota Corp, Same Deutz-Fahr Group, among others. Forestry machinery manufacturers include Hubei Machinery and Equipment, Weifang Euroking Machinery, Boneng Transmission Co., AGROSTROJ Pelhrimov a.s, and John Deere, among many others.
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Reasons for Buying this Report This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on different factors driving or restraining market growth It provides a technological growth map over time to understand the industry growth rate It provides a seven-year forecast assessed on the basis of how the market is predicted to grow It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments It provides distinctive graphics and exemplified SWOT analysis of major market segments Browse Blog:
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