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Agricultural Machinery Market in the US 20172021 [Report Updated: 03112017] Prices from USD $3500

07:01 EST 13 Nov 2017 | BioPortfolio Report Blog

About Agricultural Machinery


Agricultural machinery is used to optimize and add precision to agriculture practices at a large scale. The agricultural machinery market in the US comprises machinery and equipment used for performing agriculture practices. The global agricultural machinery market is expected to grow significantly during the forecasted period. The major reason for this growth is the dependence on agricultural land and farm output. The global agricultural production is expected to increase along with the demand. However, the production has slowed down in different phases in recent years due to a huge fluctuation in the price of raw materials used for manufacturing agricultural machinery. Furthermore, the decline in prices of commodities has hampered the growth of the market.


Technavio's analysts forecast the agricultural machinery market in the US to grow at a CAGR of 5.17% during the period 20172021.


Covered in this report

The report covers the present scenario and the growth prospects of the agricultural machinery market in the US for 20172021. To calculate the market size, the report considers the new sales value and spares market.



Technavio's report, Agricultural Machinery Market in the US 20172021, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.


Key vendors

Deere Company

CNH Industrial

AGCO

Kubota

Other prominent vendors

CLAAS

DaedongUSA

Krone

KUHN Group

Lely

Mahindra Mahindra

Vermeer

Market driver

High labor cost and workforce scarcity

For a full, detailed list, view our report


Market challenge

Fluctuating raw material prices

For a full, detailed list, view our report


Market trend

Rise in technological innovation

For a full, detailed list, view our report


Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?


You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Original Article: Agricultural Machinery Market in the US 20172021 [Report Updated: 03112017] Prices from USD $3500

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