Agriculture, Construction, And Mining Machinery Manufacturing Market Global Briefing 2018

Agriculture, Construction, And Mining Machinery Manufacturing Market Global Briefing 2018
Starting Price : $ 1000.00 | Pages : 39 | Published : January 2018

SKU CODE : 2712 | Format :

One of the major trends shaping the agriculture, construction, and mining machinery manufacturing market as of 2016 include Driverless Tractors And Robots. 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 have already started developing such technology. The agriculture, construction, and mining machinery manufacturing industry comprises establishments offering farm machinery and equipment, lawn and garden tractor, home lawn and garden equipment, construction machinery, mining machinery and equipment, and oil and gas field machinery and equipment manufacturing. This industry is further classified as follows- Farm Machinery And Equipment Manufacturing, Lawn And Garden Tractor And Home Lawn And Garden Equipment Manufacturing, Construction Machinery Manufacturing, Mining Machinery And Equipment Manufacturing, and Oil And Gas Field Machinery And Equipment Manufacturing

Asia Pacific was the largest region in the agriculture, construction, and mining machinery manufacturing market in 2017, accounting for around 44% market share. Western Europe was the second largest region accounting foraround 25% market share. Middle East was the smallest region accounting for around 3% market share.
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