Cultivators Market, 2020-2024: Government Support, Population Growth & High Demand for food Products are Drivers for this Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 8, 2020--
The “Cultivators Market by Product and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
Global Cultivators Market: About this market
The cultivators market analysis considers sales from rigid models and hydraulic folding model products. Our study also finds the sales of cultivators in APAC, Europe, MEA, North America, and South America. In 2019, the rigid models’ segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced crop production will play a significant role in the rigid models’ segment to maintain its market position. Also, our global cultivators market report looks at factors such as government support for the purchase of agricultural equipment, population growth and high demand for food products, and emphasis on farm mechanization. However, declining availability of arable land, intense competition between vendors, and wide availability of substitutes may hamper the growth of the cultivators’ industry over the forecast period.
Global Cultivators Market: Overview
Emphasis on farm mechanization
It has been observed that the use of agricultural equipment, such as cultivators, has increased the crop yield by three to eight times. Increased deployment of cultivators improves timeliness in farm operations and enhances production, productivity, and profitability. The rate of farm mechanization in developed countries such as the US, Canada, Germany, and France is around 90-95% whereas, developing countries such as China, India, and Indonesia have a relatively lower rate of farm mechanization. Growing population and rapid urbanization will lead to the expansion of the global cultivators market at a CAGR of over 4% during the forecast period.
Emphasis on the walk-behind cultivator
The use of smart and digital technologies to monitor crops is increasing in the agriculture industry. Hence, the demand for several types of new and technologically advanced agricultural and farm equipment, such as walk-behind cultivators, is increasing. Walk-behind cultivators are robotic devices that are also called walking tractors, rototillers, rotary hoes, power tillers, and rotary plows. The basic design of walk-behind cultivators is enough to break soil or cultivate the land for vegetable gardens, lawns, and flower beds. The numerous functional benefits of walk-behind cultivators have resulted in several manufacturers offering such cultivators. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/yfikiw
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INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Research and Markets
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PUB: 01/08/2020 11:49 AM/DISC: 01/08/2020 11:49 AM