Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smart phone. These technologies are known to considerably increase farm output and decrease labor costs. For instance, according to a report by Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and reduce farm labor costs. Companies offering driverless tractor and robot technologies include CNH Industrial, Deere, and AGCO.
THE BUSINESS RESEARCH COMPANY VALUED THE AGRICULTURAL IMPLEMENT MANUFACTURING MARKET AT $296 BIILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for nearly half of the global market.
Read report: https://www.thebusinessresearchcompany.com/report/agricultural-implement-manufacturing-
According to The Business Research Company’s Consultant, Nitin Gianchandani, companies are investing in Drone technology and GPS technology, which has allowed for the delivery of the correct amounts of fertilizer, chemicals, seed population, and other inputs, as well as moisture to every part of the field and yield measurements taken while the crop is being harvested have helped farms plan better for their next crop. GPS has also allowed for the introduction of auto-steer technology on combines and other equipment.
John Deere was the biggest player in the global agricultural implement manufacturing market with revenues exceeding $23.4 billion in 2016. Deere is looking to aim for global preeminence in agricultural equipment solutions and a more-global presence in construction equipment. It is looking to leverage the benefits of being an integrated enterprise, in which all its businesses work together to produce the maximum return. The company will also intensify its focus on innovation and distinctive in terms product quality to grow its market share and expand its global presence.
Agricultural implement manufacturing market consists farm machinery and equipment manufacturing and lawn and garden tractor and home lawn and garden equipment manufacturing. Farm machinery includes haying machines, milking machines, tractors and attachments, feed processing equipment and cotton ginning machines. Whereas home, lawn and garden tractor have trimmers, lawn hedgers, cultivators, chippers, leaf blowers and lawn and garden tillers.
Agricultural Implement Manufacturing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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