The analysts forecast plowing and cultivation machinery market in the US to grow at a CAGR of 5.09% over the period 2014-2019.
In the US, there is a gradual reduction in the number of farms; there were 2,204,792 farms in 2007, which reduced to 2,109,303 in 2012, a drop of 4.3%. However, as a result of the growing population in the country, there is a huge demand for food. To meet the supply with the growing food demand, farmers are focusing on improving the productivity of farms. Soil preparation is the first and the most important stage of farming. Therefore, proper plowing and cultivation of farmland is necessary for soil preparation and hence to improve productivity. There is an increase in the adoption of this machinery in the US. Plowing modifies the upper 12-25 cm of soil. Plowing turns the upper layer of the soil and helps in bringing fresh nutrients to the surface, aerate the soil, and allow the soil to hold back the moisture in a better way.
Covered in this Report
The present scenario and the growth prospects of the plowing and cultivation machinery market in the US for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the following products:
- Plowing and cultivation parts
- Planters, transplanters, and seeders
- Weeders and hoes
- Cultivation machine
Plowing and Cultivation Machinery Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the US; it also covers the landscape of the plowing and cultivation machinery market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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- Bucher Industries
- CNH Industrial
Other Prominent Vendors
- Dawn Equipment
- Derr Equipment
- GK Machine
- Mahindra & Mahindra
- SAME Deutz-Fahr
Key Market Driver
- Energy Price Reduction
Key Market Challenge
- Decrease in Farm Net Income
Key Market Trend
- Integration of Robotic and GPS Systems in Agricultural Machines
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Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
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