LONDON--(BUSINESS WIRE)--Technavio’s global rotary cutters market research report forecasts the market to grow at a CAGR of around 4% during the forecast period.
The growing preference for rotary cutters with cost-saving features will be one of the major trends in the global rotary cutters market during 2018-2022. Rotary cutters require regular maintenance of the related components and careful operation to deliver efficient performance in the agricultural field. Farmers prefer rotary cutters with energy-efficient features, which ensure reduced operating cost. During the forecast period, the focus of vendors to include cost-saving features in rotary cutters will result in increased sales.
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According to Technavio’s analysts, one of the key drivers for the global rotary cutters market is the increasing need for faster land preparation for agriculture:
Global rotary cutters market: Increasing need for faster land preparation for agriculture
The rotary cutters are an essential tool for farmers involved in seasonal farming for land preparation. The rotary cutters offer benefits such as limiting the loss of topsoil when an area is being cleared. The rotary cutters are made from heavy gauge steel components and their design ensures the reduction in equipment damage from stumps, rocks, and other objects in the field.
According to a senior research analyst at Technavio, “The rotary cutters are designed to work in tough conditions in the field for faster land preparation for agriculture. For instance, Great Plains Manufacturing offers rotary cutters with different optional features for working in different field conditions. During the forecast period, the increasing need for faster land preparation will drive the growth of the rotary cutters market.”
Global rotary cutters market: Segmentation analysis
This global rotary cutters market analysis report provides market segmentation by product (spindle rotary cutters and flex-wing rotary cutters) and by region (the Americas, APAC, and EMEA). This report 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 spindle rotary cutters segment held the largest rotary cutters market share in 2017, contributing to over 63% of the market. This product segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for more than 47% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
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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
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