US Planting & Fertilizing Machinery Market 2018-2023: Positive Growth in Small & Big Tractors is Expected to Drive the Market - ResearchAndMarkets.com

September 28, 2018

DUBLIN--(BUSINESS WIRE)--Sep 28, 2018--The “US Planting and Fertilizing Machinery Market - Market Shares, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The United States of America Planting & Fertilizing Machinery Market has been estimated at USD 2.04 billion in 2016. The market is expected to register a CAGR of 4% during the forecast period, 2018 to 2023.

Positive Growth in Small & Big Tractors is Expected to Drive the Market

Though the overall agricultural machinery in the United States witnessed a slump over the past two years, the demand for small and large tractors was decent enough. During the first three months of 2016 alone, the retail sales of < 40 tractors surpassed the forecasted figures. During March 2016, over 7,350 small tractors were sold in the United States, while the shipments exceeded the 11,800 mark.

In the light of technological innovations and anticipated replacement demand, though the market for big tractors is stable now, it is expected to pick up pace over the coming two years. The growth in the market for small and big tractors will allow the farmers to employ better planting and agricultural machinery, in turn driving the market for planting and agricultural machinery in the United States.

Developments in the Market

Deere & Company has completed its acquisition of Monosem, the European market leader in precision planters. Kverneland introduced the Exacta CL GEOspread with a 1100 - 2450 liter hopper content, in the medium sized spreader segment for arable farmers and professional dairy farmers. Kubota Corporation, Osaka, Japan, parent company to Kubota USA Inc., announced that it has entered into an agreement to purchase Great Plains Manufacturing, Inc., based in Salina, Kansas.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview and Trends

5. Market Dynamics

6. United States Planting & Fertilizing Machinery Market Segmentation by Machinery Type

7. Competitive Landscape & Introduction

8. Key Vendor Analysis

AGCO Corporation Great Plains AG Deere & Company KUHN Group Kverneland KASCO Kubota Corporation VISSer Horti Systems Zoomlion Heavy Machinery Kinze Manufacturing Hardi North America Inc. Dawn Equipment Company

For more information about this report visit https://www.researchandmarkets.com/research/hblg3g/us_planting_and?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005120/en/

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Related Topics:Agricultural Machinery and Equipment



SOURCE: Research and Markets

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PUB: 09/28/2018 05:17 AM/DISC: 09/28/2018 05:18 AM


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