Agricoltura
Western and Central Europe Agricultural Machinery Market, Exclusive Report by P&S Intelligence
The Western and Central European agricultural machinery market is dominated by Germany and the Netherlands , respectively. The revenue in the German market comes from both domestic and international customers since the country is a major exporter of agricultural machines. Similarly, even though agriculture contributes merely around 2% of the Dutch GDP, it is responsible for more than 15% of the country's exports.
The key players in the Western and Central European agricultural machinery market are CNH Industrial N.V., Deere & Company, CLAAS KGaA mbH, AGCO Corporation, Kubota Corporation, Argo Tractors Spa, Lely Industries N.V., KUHN Group, Yanmar Co. Ltd., and SDF S.p.A. Apart from key food crops, they are introducing enhanced equipment for the producers of cash crops as well, such as grapes.
North America was the largest agricultural drones market in 2018. This is ascribed to the declining skilled agricultural labors and the rising need to increase agricultural output in the region. To overcome the shortage of labors, farmers are increasingly deploying agricultural drones, which help in reducing operation costs and improving crop productivity.
- Geographically, the APAC construction equipment market will generate the highest revenue in the foreseeable future. As construction projects are the backbone of economic development, a boom in the construction sector is a key contributor to the market growth in the region.
- Globally, the Asia-Pacific region is expected to register the fastest growth in the agricultural ventilation fans market throughout the forecast period. This will be on account of the soaring per capita income, rising need for transgenic crops, and burgeoning food demand, owing to the booming population, in the region.
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Prajneesh Kumar
P&S Intelligence
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