Mechanization of Agriculture Drives the Plowing and Cultivation Machinery Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Plowing and Cultivation Machinery markets. Global market for Plowing and Cultivation Machinery is projected to reach US$10 billion by 2018, driven primarily by mechanization of farming practices and government subsidies.

Plowing and Cultivation Machinery: A Global Strategic Business Report

Follow us on LinkedIn – Plowing and cultivation machinery forms an essential part of the agricultural machinery market. Demand for plows and cultivators is influenced largely by mechanization of farm practices. Introduction of new technologies, income of farmers, and cost of agricultural machines and implements also influence demand patterns in the market.

Farming activity during the 2007-2009 recession period was impacted, though moderately. The tough financial condition resulted in an increase in farmer carryover debt and delinquency rates. Capital expenditure on farm machinery such as plowing and cultivation equipment was negatively impacted. In the year 2010, farming activity recovered in sync with the rise in global commodity prices. Favorable government policies also aided the recovery witnessed. Increased commodity prices led to higher farm incomes, encouraging farmers to invest in farm equipment and machines.

The long-term outlook for the global plowing and cultivation equipment market is positively guided by population growth and rising emphasis on food security and self- sufficiency, especially in developing countries. Declining production yields of cereals and oilseeds worldwide is expected to result in the expansion in land use for agricultural cultivation, thus benefit market demand.

Presently, manufacturers are focusing on developing diverse types of farm plows and cultivators, engineered to meet the demands of multifarious soil and weather conditions. Rising farm consolidation in developed countries is expected to benefit demand for larger machinery. Sustainable agriculture machinery is also gaining in popularity as a result of growing global focus on adopting practices which reduce environmental degradation.

Manufacturers of agricultural implements are focusing on developing equipment that prevents soil degradation. Several tillers available today employ technologies, such as vertical and minimum tillage, which prevent soil degradation. Manufacturers will continue to invest in developing technologically advanced products with prime focus on energy efficiency and environmental sustainability.

Asia-Pacific represents the largest and the fastest growing market worldwide, as stated by the new market research report on Plowing and Cultivation Machinery. Growth in the region will be driven by China and India. Strong economic growth and increasing investments in agricultural mechanization techniques to boost exports are key factors encouraging growth in these countries. Demographic factors such as rising per capita income in rural regions and shortage of farm labor in the light of increasing migration of population from villages to cities are additionally encouraging adoption of agricultural equipment.

Major players in the market include AGCO Corp., Bush Hog Inc., CNH Global, Deere & Company, Horsch Maschinen GmbH, Kuhn Group, Kverneland ASA, LEMKEN Gmbh & Co. KG, and Miedema Agricultural Equipment B.V, among others.

The research report titled “Plowing and Cultivation Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product launches, mergers and acquisitions, other strategic industry activities and profiles of major and niche global and regional players. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific) and Latin America (Brazil and Rest of Latin America).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Plowing_and_Cultivating_Machinery_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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