Autonomous Farm Equipment Market 2022 Major Key Players and Industry Analysis Till 2028

Nowadays, farm equipment is the basic need of every farmer.

If anyone thinks that in this modern era, agriculture can do without farm equipment, then it is wrong.

Since without agricultural machinery farming is not possible today.

And the reason behind this, lack of labor, lack of time, increased productivity, taking more than one crop at a time, etc.

To know more visit: https://www.apsense.com/article/points-to-know-before-buying-farm-equipment.html  

Automotive and TransportThe global Agricultural Equipment Market was estimated at $124.2 billion in 2015.

New agricultural equipment is replacing the traditional tools owing to improved productivity and enhanced quality of the crop.The need of food is growing at a faster rate as the population is increasing, so the demand for new agricultural equipment is growing to match the requirement of food.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/agriculture-farm-equipment-marketInnovative technologies in the agriculture are increasing the quality & production per square feet for the agricultural products.

Manufacturers are focusing on integrating various new technologies such as robotic systems, Google Earth and GPS into existing machinery for tracking productivity and improving it.

The government also encourages the use of farming equipment by proving subsidies and offering lower rates to the farmers in emerging countries like India and China to adopt agricultural equipment.Equipment MarketOn the basis of Product: Tractors dominate the product category and is estimated to account over 20% of total revenue in 2015 after harvesters.

Tractors are the most efficient and effective equipment in the agricultural sector as they can perform several activities in the process of farming.

Harvesters are expected to grow at a CAGR of 5% through 2014-25.Other product segment includes thrasher, combine harvester, rotavator, Zero Till Seed Drill, Power Tiller, Multi Crop Planter, Drip Irrigation, Sprinkler Irrigation, Power Weeder, Power Spray.On The basis of Application: The products are divided as per the processes in farming such as Sowing & Planting Equipment, Land Development/Seed Bed Preparation/Tillage Equipment, Plant Protection Equipment, Water Inter Cultivation equipment, Agro Processing and Harvesting & Threshing.Threshing and Harvesting expect the fast growth of a CAGR over 6% through the forecast period.

The Business Research Company published its Autonomous Farm Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Autonomous Farm Equipment market.

The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Autonomous Farm Equipment market’s segments- 1) By Product Type: Tractors; Harvesters; Unmanned Aerial Vehicles (UAVs); others2) By Technology: Partially Autonomous; Fully Autonomous3) By Application: Agriculture; Horticulture; Animal husbandry; Forestry; Others.View Complete Report:https://www.thebusinessresearchcompany.com/report/autonomous-farm-equipment-market-global-report-2020-30-covid-19-growth-and-changeAutonomous Farm Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.

The global autonomous farm equipment market is expected to decline from $72.76 billion in 2019 to $66.98 billion in 2020 at a compound annual growth rate (CAGR) of -7.94%.

The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities.

The entire supply chain has been disrupted, impacting the market negatively.