Agricultural Implement Manufacturing Global Market Report 2018

Agricultural Implement Manufacturing Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3142 | Format :

Agricultural implement manufacturing consists farm machinery and equipment manufacturing and lawn and garden tractor and home lawn and garden equipment manufacturing. Farm machinery includes haying machines, milking machines, tractors and attachments, feed processing equipment and cotton ginning machines. Whereas home, lawn and garden tractor have trimmers, lawn hedgers, cultivators, chippers, leaf blowers and lawn and garden tillers.

The global agricultural implement manufacturing market was valued at $294.1 billion in 2017. Asia Pacific was the largest geographic region accounting for $128.85 billion or 43.81% of the global market. And China was the largest country accounting for $58.44 billion or 19.87% of the global agricultural implement manufacturing market.

Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smart phone. These technologies are known to considerably increase farm output and decrease labor costs. For instance, according to a report by Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and reduce farm labor costs. Companies offering driverless tractor and robot technologies include CNH Industrial, Deere, and AGCO.
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