Agricultural Machinery in the US Market Research Report covers the present scenario and the growth prospects of the Agricultural Machinery in the US industry for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of Agricultural Machinery in the US globally. Agricultural Machinery in the US Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market.
The Agricultural Machinery in the US Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the Agricultural Machinery in the US industry.
Industry experts forecast the global Agricultural Machinery in the US market to grow at a CAGR of 4% during the period 2016-2020
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Following companies as the key players in the Agricultural Machinery in the US market: Deere & Company, CNH Industrial, AGCO, and Kubota.
Other Prominent Vendors in the Agricultural Machinery in the US market are: CLAAS, Daedong-USA, Krone, Kuhn Group, Lely, Mahindra& Mahindra, SAME DEUTZ-FAHR, Vermeer, and Versatile.
“A trend which will definitely boost Agricultural Machinery market growth is the shift toward sustainable agriculture. Farmers in the US are becoming aware of the adverse effects of fertilizers and pesticides on the environment. Therefore, they are taking measures to carry out sustainable farming, by using eco-friendly and efficient agricultural equipment, to reduce the negative impact of agricultural pollutants on the flora and fauna and water quality. Adoption of precision farming methodologies, such as reduction of fuel use, can also help reduce the emission of greenhouse gases.”
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According to the Agricultural Machinery Market report, a key growth driver is the shortage of farm labor. Lack of skilled workforce is largely plaguing the agricultural sector in the US. Agriculture is a labor-intensive and time-consuming process. Employment of labor has become expensive as there is a shortage of localized labor supply nationwide owing to an aging workforce and shift of focus among people toward other jobs. The average age of an American farmer is 58 years old. In addition, stringent immigration rules are a major cause of this shortage as most of the laborers employed in farm activities in the US are immigrants. Moreover, a shift in labor from farm to non-farm occupations is seen in countries such as Mexico, which is a significant source of labor in the US, accounting for nearly 1 million workers, owing to the economic growth, the rise in incomes, and better education, leading to a decline in availability of labor. The competition from Mexican farms has further intensified the dwindling supply of labor.
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Further, the Agricultural Machinery industry report states that one challenge that is hampering market growth is the reduction in commodity prices. This is expected to affect the agricultural equipment industry because it negatively impacts farmer sentiment and reduces the affordability of agricultural equipment.
Key questions answered in Agricultural Machinery in the US market report:
• What will the Agricultural Machinery in the US market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving Agricultural Machinery in the US market?
• What are the challenges to Agricultural Machinery in the US market growth?
• Who are the key vendors in Agricultural Machinery in the US market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Number of Pages: 77
Price of Report: $2500 (Single User License)
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