The latest report, titled ‘Global Powered Agriculture Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Powered Agriculture Market scenario. The research report provides the reader with an in-depth interpretation of the Powered Agriculture Market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Powered Agriculture market industry.
The global powered agriculture market size reached USD 52.87 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing need for cost-effective farming and demand for better quality farming products and equipment are some key factors expected to support market revenue growth between 2022 and 2030.
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In addition, increasing need to conduct real-time analysis of data will boost revenue growth of the market. GIS software for agriculture allows farmers to access geospatial data, aerial imagery, and online map data remotely. Unplanned cultivation and poor soil quality are major issues in agriculture that make the process more costly and time consuming. Thus, powered agriculture with GIS software can provide a cost-effective and time-efficient solution to the problem. Additionally, increasing government incentives to encourage smart farming techniques and stringent regulations to minimize pollution, avoid deforestation, and develop ways to absorb carbon from the atmosphere are factors expected to drive market revenue growth over the forecast period.
The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Powered Agriculture market.
Furthermore, the report provides details about the new players entering the market, and entry-level barriers and offers strategic recommendations to overcome those barriers to gain a substantial industry presence.
Key Companies Profiled in the Report:
John Deere Co., CNH Industrial N.V., Kubota Corporation, AGCO Corporation, Yanmar Power Technology Co., Ltd., CLAAS Tractor SAS, Iseki Co., Ltd., SDF S.P.A., Alamo Group, Inc., and Zetor UK Ltd.
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Segmental Analysis
The global Powered Agriculture market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Powered Agriculture sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented global powered agriculture market on the basis of component, technology, equipment, application, and region:
Component Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
- Services
Technology Outlook (Revenue, USD Billion; 2019–2030)
- Guidance Technology
- Remote Sensing
- Variable Rate
Equipment Outlook (Revenue, USD Billion; 2019–2030)
- Agricultural Unmanned Aerial Vehicles
- Tractors (Driverless, Electric)
- Combine Harvesters
- Planters
- Sprayers
- Others
Application Outlook (Revenue, USD Billion; 2019–2030)
- Crop Scouting
- Field Mapping
- Variable Rate Application
- Yield Monitoring
- Weather Tracking Forecasting
- Irrigation Management
- Inventory Management
- Farm Labor Management
- Others
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Powered Agriculture market?
What are the key product types and applications of the Powered Agriculture industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Powered Agriculture market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Powered Agriculture Market by 2030?
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Powered Agriculture Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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