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Global Agricultural Lubricants Market 2018-2022 | Adoption of Precision Farming Techniques to Promote Growth | Technavio

December 7, 2018

LONDON--(BUSINESS WIRE)--Dec 7, 2018--The global agricultural lubricants market is expected to post a CAGR of nearly 5% during the period 2018-2022, according to the latest market research report by .

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Technavio has released a new market research report on the global agricultural lubricants market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing demand for high-quality lubricants. Proper lubrication of agricultural equipment helps farmers significantly increase productivity and reduce the total cost of ownership. Selecting the right lubricant or grease and effective lubrication management ensure smooth functioning of the agricultural equipment. The maintenance of the farm machinery and selection of the right lubricant are the major costs associated with the farming equipment. Low-quality lubricants offer short-term profits, but long-term use of these lubricants can increase costs.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the adoption of precision farming techniques as one of the key emerging trends in the global agricultural lubricants market:

Global agricultural lubricants market: Adoption of precision farming techniques

The PA technique relies on information and is a technology-based farm management system that estimates crop condition, soil and air conditions, local weather, and labor costs. The collected data is analyzed, and output related to crop rotation, the appropriate time for planting seeds, harvesting times, and soil management is provided to the farmers. This technique helps improve the profitability of farmers and the productivity of the cultivated land.

“Precision farming techniques and innovations are fundamental for increasing agricultural productivity. Precision technologies, such as tractor guidance systems, use the global positioning system, soil and yield mapping, and variable-rate input applications that provide information on changing field conditions provide higher or equal yields with lower production cost than conventional practices. These techniques reduce the overall cost of production and improve the economic and environmental sustainability of crop production,” says a senior analyst at Technavio for research on specialty chemicals.

Global agricultural lubricants market: Segmentation analysis

This market research report segments the global agricultural lubricants market by type (mineral oil-based lubricants, synthetic-based lubricants, and bio-based lubricants) and geographical regions (APAC, EMEA, and the Americas).

The mineral oil-based lubricants segment held the largest market share in 2017, accounting for nearly 72% of the market. This type segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 39%. This region is expected to dominate the market through 2022, with an increase in its market share by over 1%.

Looking for more information on this market?

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 Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005378/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/07/2018 11:42 AM/DISC: 12/07/2018 11:42 AM

http://www.businesswire.com/news/home/20181207005378/en

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