- The market for agricultural equipment is expected to cross USD 950 Million by 2018
- Future Growth of agricultural equipment market will be largely dependent on tractor and combine harvester sales
- Agricultural equipment industry in Australia will witness slowdown in growth due to a currently developed market
Ken Research announced its latest publication on “Australia Agricultural Equipment Industry Outlook to 2018” which provides a comprehensive analysis of major agricultural equipment being used in the country. The report covers various aspects such as market size of Australia agricultural equipment market, segmentation on the basis of major equipments and future outlook of the market. The report is useful for agricultural equipment manufacturers and dealers, as well as new players venturing in the market.
The agricultural sector in Australia has been considerably competitive on a global level even with the backdrop of harsh weather conditions. The country has been successfully maintaining high agricultural output every year and is a major exporting nation for agricultural commodities. Innovative farming techniques and the assistance of machinery has been central in the development of agriculture in Australia.
According to the research report, the Australian agricultural equipment market will grow at moderate pace and is anticipated to cross USD 950 million by 2018.
“The Australian agricultural machinery market is at its developed stage, therefore, it is anticipated that the demand for the same in the future will not be as high the demand before 2012. Although the agricultural equipment sector will continue to be backed by high level of agricultural activity and increasing farm income, it will be negatively impacted by decreasing agricultural land and workforce.”,according to the Research Associate, Ken Research.
Key Topics Covered in the Report:
– Market Size by Sales Value and Volume
– Market Segmentation by
o Combine Harvesters
– Trends and Development
– Export and Import Scenario
– Competition and Segment-Wise Market Share
– Issues and Challenges
– Future Outlook
– Macro Economic Parameters
Key Products Mentioned in the Report
Companies Covered in the Report
Browse and Download Report Here – http://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/australia-farm-equipment-market-research-report/551-104.html
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