Powered Agriculture Equipment Market Opportunities And Emerging Trends 2020-2027

1. Powered Agriculture Equipment Market 2020-2028 www.emergenresearch.com Growing demand for food due to rapidly growing global population and declining availability of arable land and climate change are some key factors driving global market growth.

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5. Market Summary The global powered agriculture equipment market is expected to reach a market size of USD 136.55 Billion at a steady CAGR of 6.6% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to rising need for enhancing agriculture productivity and increase stocks of food grains. Increasing agriculture exports and rising need for judicious use of natural resources are among other key factors driving increasing deployment of powered agriculture equipment.  Technological advancements in agriculture equipment is a major factor driving growth of the global powered agriculture equipment market. Manufacturers of powered agriculture equipment are incorporating more advanced technologies such as robotic systems, GPS, navigation systems, sensors, and imaging solutions in farm equipment to cater to farmer needs to increase productivity and crop yields. Adoption of agricultural drones and drones for monitoring production and improving output has been increasing substantially in developed and developing countries in the recent past. Increasing focus on precision agriculture and livestock monitoring and management are factors expected to result in rising adoption agricultural drones during the forecast period. www.emergenresearch.com

6. Market Summary • Some Key Highlights From the Report • The agricultural unmanned aerial vehicles or agricultural drones segment revenue is expected to expand at a rapid CAGR of 7.5% during the forecast period. The rising need for monitoring overall crop health and managing livestock and monitoring for health issues are contributing to the growing sales of agricultural drones in the agriculture sector. • Asia Pacific accounted for largest revenue share contribution to the global powered agriculture equipment market in 2020. Increased shortage of labor on farms due to migration to other sources of employment for higher wages is contributing to the growth of the powered agriculture equipment market in the region. • Key players in the market include AGCO Corporation, John Deere & Co., Mahindra & Mahindra Limited, CNH Industrial N.V., Kubota Corporation, CLAAS, Alamo Group Inc., Escorts Group, Iseki & Co., Ltd. and SDF S.P.A. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/510 www.emergenresearch.com

7. Market Summary • Emergen Research has segmented the global Powered Agriculture Equipment market on the basis of type, next generation equipment, and region: • Type Outlook (Revenue, USD Billion; 2021–2028) • Combine Harvesters • Tractors • Seed Drill • Soil Preparation & Cultivation Equipment • Sprayer • Others • Next Generation Equipment Outlook (Revenue, USD Billion; 2021–2028) • Harvesting & Picking Robots • Agricultural Unmanned Aerial Vehicles or Agricultural Drones • Driverless Tractors • Electric Tractors • Others • Read More@https://www.emergenresearch.com/industry-report/powered-agriculture-equipment-market

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