farm equipment sales statistics

On similar lines, the HVAC industry has been adversely affected by the COVID-19 outbreak due to the shutting down of several component manufacturing facilities across China, European countries, Japan, and the U.S. Harvesting and threshing applications, on the other hand, are anticipated to exhibit the highest CAGR of more than 10.0% over the forecast period. Another key reason for the predicted growth is government subsidies and low rates offered to farmers in emerging countries to adopt agricultural machinery.U.S.

We also provide our members with survey opportunities and the ability to conduct custom research projects.Members that participate in Stats and Market Intelligence Groups determine the design and scope of all AEM statistical programs, along with member requests. For the purpose of this study, Grand View Research has segmented the global agriculture equipment market report based on product, application, and region:Revenue forecast, company ranking, competitive landscape, growth factors, and trendsFree report customization (equivalent up to 8 analysts working days) with purchase. China alone held over 30.0% of the regional revenue in 2018. Read Statistics and Market Intelligence That Keeps Our Members Informed. Additionally, sale of tractors is expected to continue over the forecast period owing to increasing rate of mechanization as well as growing population, thereby resulting in increased pressure on food production and productivity.The global market is expected to witness significant growth over the forecast period owing to rising incorporation of innovative technologies in farm machinery. We add value and peace of mind when you are buying, selling, or managing your farm equipment by offering extended warranty plans. Receive this report sooner. Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.Select from the following sections or scroll below to view available resources:Quarterly magazine and biweekly newsletter feature news and information for shortline equipment manufacturers, with topics covered in various issues of these publications including industry news and trends, business advice and tips from industry experts, and legislative and regulatory updates. The Agricultural Equipment Statistics Committee (AESC) provides direction for the statistical programs involving farm and agricultural equipment products. Tractors - Less than 40 HP.

Adoption of modern technologies by farmers to increase farm yield and meet the soaring demand for food is expected to be a key factor driving the market Get up to speed on any industry with comprehensive intelligence that is easy to read.

Since agriculture is a labor-intensive and time-consuming process, labor employment has become expensive. For Sale Price: USD $5,750. The total U.S. industry market size for Farm Machinery & Equipment Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

This has consequently led to a significant slowdown in the production of HVAC equipment. Advanced farming machinery such as spraying equipment, hay and forage equipment, harvesters, and irrigation and crop processing equipment is being used in various processes to enhance overall crop output and quality.For instance, in October 2017, AGCO Corporation announced the acquisition of Lely’s Hay and Forage division. Regional growth can be ascribed to low level of mechanization and large area of agricultural land. The regional agriculture equipment market shipments surpassed 3 million units in 2019. Farm Equipment Sales Tumble after 2013 The farm equipment market is dominated by a few full-line manufacturers, such as John Deere, but there are also a large number of short-line manufacturers serving various market segments. Furthermore, mergers and acquisitions are being undertaken as an attempt to gain market share and expand their product portfolio. The land development and seed bed preparation segment accounted for about 23.0% in 2018. 4.

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