Powered Agriculture Market: A Complete Guide for Investors and Researchers
Emergen Research has published a novel research report titled, “Global Powered Agriculture Market Forecast to 2028”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Powered Agriculture Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
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The global powered agriculture market size reached USD 52.87 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing need for cost-effective farming and demand for better quality farming products and equipment are some key factors expected to support market revenue growth between 2022 and 2030.
In addition, increasing need to conduct real-time analysis of data will boost revenue growth of the market. GIS software for agriculture allows farmers to access geospatial data, aerial imagery, and online map data remotely. Unplanned cultivation and poor soil quality are major issues in agriculture that make the process more costly and time consuming. Thus, powered agriculture with GIS software can provide a cost-effective and time-efficient solution to the problem. Additionally, increasing government incentives to encourage smart farming techniques and stringent regulations to minimize pollution, avoid deforestation, and develop ways to absorb carbon from the atmosphere are factors expected to drive market revenue growth over the forecast period.
Competitive terrain:
The global Powered Agriculture industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Key Companies Profiled in the Report: John Deere & Co., CNH Industrial N.V., Kubota Corporation, AGCO Corporation, Yanmar Power Technology Co., Ltd., CLAAS Tractor SAS, Iseki & Co., Ltd., SDF S.P.A., Alamo Group, Inc., and Zetor UK Ltd.
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Segmental Analysis
The global Powered Agriculture market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Powered Agriculture sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented global powered agriculture market on the basis of component, technology, equipment, application, and region:
Component Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
- Services
Technology Outlook (Revenue, USD Billion; 2019–2030)
- Guidance Technology
- Remote Sensing
- Variable Rate
Equipment Outlook (Revenue, USD Billion; 2019–2030)
- Agricultural Unmanned Aerial Vehicles
- Tractors (Driverless, Electric)
- Combine Harvesters
- Planters
- Sprayers
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Crop Scouting
- Field Mapping
- Variable Rate Application
- Yield Monitoring
- Weather Tracking & Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Others
Key reasons to buy the Global Powered Agriculture Market report:
The latest report comprehensively studies the global Powered Agriculture market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Regional Analysis Covers:
North America (US, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
Research Report on the Powered Agriculture Market Addresses the Following Key Questions:
Who are the dominant players of the Powered Agriculture market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Powered Agriculture market?
What are the key growth drivers and restraining factors of the Powered Agriculture market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Powered Agriculture market and its key segments?
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