DUBLIN--(BUSINESS WIRE)--The "Agriculture, Construction, and Mining Machinery Manufacturing Market Global Briefing 2018" report has been added to ResearchAndMarkets.com's offering.
One of the major trends shaping the agriculture, construction, and mining machinery manufacturing market as of 2016 include Driverless Tractors and Robots.
Farm machinery manufacturers are offering driverless tractors and robots to individual farmers and corporate farming companies. Driverless tractors and robots automate the weeding and harvesting process. They use GPS and sensors and can be controlled using a tablet or a smart phone. These technologies are known to considerably increase farm output and decrease labor costs. For instance, according to a report by Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and reduce farm labor costs. Companies offering driverless tractor and robot technologies include CNH Industrial, Deere, and AGCO have already started developing such technology.
Asia Pacific was the largest region in the agriculture, construction, and mining machinery manufacturing market in 2017, accounting for around 44% market share. Western Europe was the second largest region accounting for around 25% market share. Middle East was the smallest region accounting for around 3% market share.
- Markets Covered: Construction Machinery Manufacturing, Agricultural Implement Manufacturing, Mining and Oil and Gas Field Machinery Manufacturing.
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
- AGCO Corporation
- Caterpillar Inc.
- Claas KGaA mbH
- CNH Industrial N.V.
- Deere & Company
- Doosan Infracore Co. Ltd.
- Hitachi Construction
- Kubota Corp
- Liebherr Group
- Volvo AB
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