LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global cultivators market and the market is poised to grow by USD 319.03 million during 2020-2024 at a CAGR of over 4% during the forecast period. Request Free Sample Pages
Read the 140-page research report with TOC on "Cultivators Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Product (Rigid models and Hydraulic folding models), and Segment Forecasts, 2020-2024".
A growing emphasis on farm mechanization and walk-behind cultivators is anticipated to boost the growth of the cultivators market.
It has been observed that the use of agricultural equipment, such as cultivators, has increased the crop yield by three to eight times. Increased deployment of cultivators improves timeliness in farm operations and enhances production, productivity, and profitability. The rate of farm mechanization in developed countries such as the US, Canada, Germany, and France is around 90-95% whereas, developing countries such as China, India and Indonesia have a relatively lower rate of farm mechanization. Growing population and rapid urbanization are expected to drive the adoption of farm mechanization leading to the growth of the market during the forecast period.
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Major Five Cultivators Market Companies:
AGCO Corp. is headquartered in the US and operates the business under various segments such as Tractors, Replacement parts, Grain storage and protein production systems, Combines, Application equipment, and Other machinery. The company offers a wide range of field cultivators through its brand name, Sunflower.
AL-KO KOBER SE
AL-KO KOBER SE is headquartered in Germany and offers products through the following business units: Gardentech, Automotive, and Ventilation and air conditioning technology. The company provides a wide range of cultivators such as AL-KO MH 350-4 Petrol Cultivator, AL-KO Cultivator MH 5065 R, and AL-KO MH 5007 R Petrol Cultivator.
BCS America is headquartered in the US and operates under various business segments, namely Tractors, Attachments, Accessories, and General Store. The company offers V-CULTIVATOR.
CLAAS KGaA mbH
CLAAS KGaA mbH is headquartered in Germany and offers products through the following business segments: Combines, Telehandlers, Transplanter, Balers, Technologies, Forage harvesters, and Forage harvesting machinery. The company offers LEGO MOC-8163 cultivator.
CNH Industrial NV
CNH Industrial NV is headquartered in the UK and offers products through the following business segments: Agricultural Equipment, Construction Equipment, Commercial Vehicles, Powertrain, and Financial Services. The company offers cultivators through its brand named, Case IH and New Holland Agriculture.
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Cultivators Product Outlook (Revenue, USD Million, 2020-2024)
- Rigid models
- Hydraulic folding models
Cultivators Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
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