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Agriculture and Farm Machinery Market report at:
Basic Machinery
and Government Subsidies Boost Global Agriculture and Farm Machinery
Market
The global agriculture and farm machinery market in 2014 was
dominated by the farm tractor segment in terms of production. The
segment held over one-third of the market. This was aided by
government subsidies provided for farmers for them to work more
efficiently. The list of functionalities a modern albeit basic unit
such as a farm tractor provides still holds value for most farmers.
The list includes plowing, tilling, disking, harrowing, and planting.
Other uses include landscape maintenance, non-farm grading, and
excavation activities. Within the global agriculture and farm
machinery market, other segments exhibiting strong growth prospects
are plowing and cultivating machinery along with planting and
fertilizing machinery.
Farm
Consolidation Increases Farm Machinery Demand in Top Regional Markets
An increasing rate of farm land consolidation has given the global
agriculture and farm machinery market a huge opportunity for growth.
Availability of larger portions of land that require efficient
machinery to grow crops on will spur the machinery market in the near
future. The trend of consolidation is seen in North America, Asia
Pacific, and Europe, all top contributors to the cause of agriculture
and its related machinery. Growth is especially significant in the
Asia Pacific region, where the countries of India and China continue
to show heavy demand for agriculture machinery. The demand is in
direct relation to the high densities of population in both
countries, which consequently require a high amount of food.
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Release of Agriculture and Farm Machinery Market at:
The agriculture and farm machinery market is substantially
low-profile in the MEA region. Latin America was a slowly growing
region in the past, but is catching up to become a major consumer of
farm machinery. Within Latin America, Brazil holds the largest
potential for growth in the global agriculture and farm machinery
market.
The top players operating in the global agriculture and farm
machinery market are CLAAS CGaA mBH, AGCO Corp., Deere & Company,
CNH Global N.V., J.C. Bamford Excavators Limited (JCB), Alamo Group,
Inc., Yamabiko Corp., Mahindra & Mahindra Limited, Same
Deutz-Fahr, and Iseki & Co., Ltd.
Farmers across the world are becoming increasingly tuned to the
developments in technology that can improve their method of farming.
This increase in awareness is another big boost for the global
agriculture and farm machinery market. One of the greater modern
implementations in this market is the autopilot feature, which makes
use of GPS to drive a farm vehicle. While rapid urbanization does
pose a significant threat to the overall volume of arable farmland in
the world, better use of machinery could help resolve this instead of
being restricted by it.
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