Global Rotavator Market 2018-2022 | Growing Focus on Agricultural Mechanization to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Aug 8, 2018-- analysts forecast the global rotavator market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global rotavator market from 2018-2022. (Graphic: Business Wire)
The growing focus on agricultural mechanization is one of the major trends being witnessed in the . Agricultural mechanization is a part of the modernization of agriculture. The efficient utilization of farm implements such as rotavators increases the productivity. Agricultural mechanization is the utilization of agriculture machinery to mechanize work.
According to Technavio analysts, one of the key factors contributing to the growth of the global rotavator market is the growing need for nutrient protection in agriculture fields:
Global rotavator market: Growing need for nutrient protection in agriculture fields
Nutrient protection is an essential requirement for the healthy growth of plants in agricultural fields. The appropriate nutrient content in the soil helps in enhancing the productivity. The proper nutrient is also needed to maintain healthy soil for better food production. Farmers need to ensure essential soil health for ecosystem functions such as water filtration.
According to a senior analyst at Technavio for research on engineering tools, “Proper water filtration enhances the water storing capacity and leads to several benefits for the plant health. It avoids the peak flow of water in the field and aids in providing the needed water to the crops. It also helps avoid soil erosion and ensure the availability of nutrients for plants throughout the cultivation period.”
Global rotavator market: Segmentation analysis
The global rotavator market research report provides market segmentation by product (hydraulic and fixed) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the hydraulic segment held the largest market share in 2017, contributing to over 66% of the market. This product segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for more than 56% share. It was followed by the Americas and EMEA respectively. The increasing focus on conservation agriculture across various countries in APAC will fuel the demand for agricultural machinery such as rotavators.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING ENGINEERING NATURAL RESOURCES AGRICULTURE
SOURCE: Technavio Research
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PUB: 08/08/2018 12:52 PM/DISC: 08/08/2018 12:52 PM