Powered Agriculture Market: A View of the Current State and Future Outlook

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Increasing need for cost-effective farming and rising demand for better quality and advanced farming equipment and products are key factors driving market revenue growth

The global Powered Agriculture Market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Powered Agriculture market industry is witnessing an expansion and change of dynamics owing to the entry of several new players.

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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. 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.

 

Table of Contents:

Chapter 1 includes an introduction of the global Powered Agriculture market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.

Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.

Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.

In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.

Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.

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The report is a comprehensive research study of the global Powered Agriculture market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.

The leading companies operating in the global Powered Agriculture market include 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.

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 Points Covered in This Section:

Regional contribution

Estimated revenue generation

Vital data and information about the consumption rate in all the leading regional segments

An expected rise in market share

Forecast growth in the overall consumption rate

Key Features of the Powered Agriculture Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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