Global Farm Equipment Market Research Report: 2014 Edition
Albany, NY (PRWEB) October 29, 2014 -- Agricultural or farm equipment cover a broad range of machines and tools which help the farmers to carry out the various processes required to enhance the output as well as the quality of crops. Based on their characteristics, agricultural equipment can be divided into two types: farmstead equipment and field equipment. Engineering inputs to agriculture by way of mechanization has increased considerably during the recent years so as to meet the timeliness of farm operations, reducing drudgery, capacity enhancement and efficient utilization of inputs. With the implementation of agricultural support policies, growth in farmer’s income and the changes in agricultural production methods, global farm equipment industry is scaling new heights and promise healthy development in coming years.
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Europe is the unprecedented leader in farm equipment market. However, Asia Pacific presents a huge market opportunity for this industry on the back of ameliorated economic conditions and better funds for investment in R&D of agriculture machinery. India and China constitute the largest markets for agricultural equipment in terms of unit sales, although typical equipment tends to be in the form of smaller horsepower, low-technology tractors with relatively low unit prices. These emerging economies have incessantly increased their production volumes and will continue to be the major drivers of the industry.
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Growth in the global market for agricultural equipment is dependent on varied factors including economic scenario, weather and demand. Population growth is expected to fuel demand for agriculture produce, which in turn would lead to increase in demand for farm equipment. Rising standard of living and increasing personal disposable incomes in developing countries are expected to boost the demand for agricultural products and enhance the demand for protein rich foods. Further, governments in these countries are increasingly placing greater emphasis on enhancing productivity through automation or mechanizing traditional processes.
The report, ”Global Farm Equipment Market” analyzes the development of the agricultural machinery industry and studies the market in terms of volume sales for the global market along with the regions- US, Canada, Brazil, Germany, United Kingdom, Turkey, China and India. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, John Deere, AGCO Corporation, and CNH Global NV Inc. are being profiled, along with their key financials and strategies for growth.
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By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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Global Crop Protection (Pesticides) Market Report - 2014 Edition
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Crop protection products are essential in safeguarding crops against various insects, diseases and pests. Pesticides are very important as they help in improving the yield of agricultural produce. On an average basis, application of pesticides saves around 68% of the yield for the common agriculture crops including cotton, maize, rice and soybean. The crop protection chemicals market is segmented along three broader products: herbicides, insecticides, and fungicides. Rising demand for agricultural crops resulting from global population growth; increasing standard of living and increasing demand for biofuels are the major triggers that are keeping the global crop protection market afloat. The growing demand for agricultural crops lead to increasing crop and food prices, acting as a further incentive for farmers to increase their production and protect their harvests.
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One of the crucial trends observed within the market is the rapidly growing generic product segment. According to industry bodies, the growth in the generics segment is expected to continue, with patented products worth billions expected to lose patented status between 2014 and 2020. On the development front, there has been a decline in the launch of new active ingredients by various companies. Moreover, the market faces certain challenges that may curtail its growth potential including environment and health effects. The major factors which contribute towards growth of the industry include growth in GDP, rising world population, declining arable land per person and increasing urbanization.
Grow Lights For Agriculture Market Shares, Strategies, And Forecasts, Worldwide, 2014 To 2020
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"Plant factories and plant factory appliances use grow lights to automate and control shifts in technology that makes indoor farming possible. The ability to grow food consistently, locally, without pesticides represents a major breakthrough for humanity." Grow lights permit people to grow food in warehouses and in the home, dedicating previously unused space to a purpose and in a manner that is efficient for producing food. Solar energy makes this possible.
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LED grow light modules markets at $395 million in 2013 are anticipated to reach $3.6 billion by 2020. Rapid growth is anticipated to come in part from home and restaurant market segments as people, particularly affluent people, become more health conscious and try to avoid the deleterious effects of pesticides in their food.
Vertical Farming, Plant Factory Market Shares, Strategies, And Forecasts, Worldwide, 2014 To 2020
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"Plant factories use growth light to automate and control growing. The ability to grow food consistently, locally represents a major breakthrough for humanity." Grow lights permit people to grow food in warehouses and in the home, dedicating previously unused space to a purpose and in a manner that is efficient for producing food.
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Plant factory market forecast analysis indicates that markets at $403 million in 2013 are anticipated to reach $1.97 billion by 2020. Growth is a result of the unmitigated march of automated process driven by the semiconductor industry, by microprocessors, and more directly by the need for food that is uncontaminated.
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