LONDON–(Company WIRE)–The new agricultural mowers market study from Technavio indicates negative expansion in the shorter expression as the enterprise affect of COVID-19 spreads.
Get in depth insights on the COVID-19 pandemic disaster and restoration examination of the agricultural mowers market.
“A single of the major development drivers for this marketplace is the mounting will need to raise hay producing performance in fields,” says a senior analyst for the industrials industry at Technavio. The market place sellers need to aim far more on the advancement prospects in the quick-developing segments when protecting their positions in the sluggish-escalating segments. As the marketplaces get well, Technavio expects the agricultural mowers sector size to increase by USD 425.00 million through the period of time 2021-2025.
Agricultural Mowers Market Segment Highlights for 2020
- The agricultural mowers current market is expected to put up a year-about-12 months advancement charge of 4.51%.
- Primarily based on the product, the disc segment noticed highest progress in 2020. The versatility and toughness available by agricultural disc mowers are probably to drive the growth of the market.
- The growth of the marketplace phase will be sizeable all through the forecast period.
- 33% of the progress will originate from the North The united states area.
- Technological improvements for superior cultivation procedures is 1 of the key aspects that will facilitate the agricultural mowers market place development in North The united states around the forecast interval.
- The US is one particular of the important marketplaces for agricultural mowers in North America. Sector expansion in this location will be slower than the development of the industry in APAC.
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- The agricultural mowers market dimensions is expected to accelerate at a CAGR of about 5% throughout the forecast period.
- The agricultural mowers current market is segmented by solution (Disc, Sickle bar, Drum, and Flail) and geography (North The united states, Europe, APAC, South The us, and MEA).
- The market is fragmented owing to the presence of several recognized suppliers keeping substantial sector share.
- The research report offers information on several current market vendors, like AGCO Corp., Buhler Industries Inc., CLAAS Team, CNH Industrial NV, Deere & Co., Kubota Corp., KUHN SAS, Maschinenfabrik Bernard Krone GmbH & Co. KG, STIGA Spa, and Vermeer Corp.
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