The Business Research Company’s latest report Agricultural Implement Global Market Report 2020 covers Agricultural Implement market drivers, Agricultural Implement market trends, Agricultural Implement market segments, Agricultural Implement market growth rate, Agricultural Implement market major players, and Agricultural Implement market size. The report provides in-depth analysis of the impact of COVID-19 on the Agricultural Implement industry, along with revised market numbers due to the effects of the coronavirus.
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Agricultural Implement 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 chapter also covers markets which have been positively affected by the pandemic.
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The global agricultural implement market is expected to decline from $239.3 billion in 2019 to $228.5 billion in 2020 at a compound annual growth rate (CAGR) of -4.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $274.3 billion in 2023.
The report covers the Agricultural Implement market’s segments-
1) By Type: Farm Machinery And Equipment, Lawn And Garden Tractor And Home Lawn And Garden Equipment
2) By Operation: Autonomous, Semi-Autonomous, Manual
3) By Application: Land Development And Seed Bed Preparation, Sowing And Planting, Weed Cultivation, Plant Protection, Harvesting And Threshing, Post-Harvest And Agro-Processing
4) By Capacity: Small, Medium, Large Subsegments Covered: Cotton Ginning Machinery, Feed Processing Equipment, Fertilizing Machinery, Haying Machines, Milking Machines, Planting Machines, Plows, Poultry Brooders, Feeders, And Waterers, Combines (I.E., Harvester-Threshers), Others – Farm Machinery And Equipment, Push Lawn Mowers, Riding Mowers, Others – Lawn And Garden Tractor And Home Lawn And Garden Equipment
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