Agricultural Equipment Market Size and Growth up to 2024

Recent report published by research nester titled”Global Agricultural Equipment Market Outlook: Industry Analysis & Opportunity Evaluation 2016-2024″delivers detailed overview of the global agricultural equipment market in terms of market segmentation by application type, by product type and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Based on product type, the global agricultural equipment market is segmented into tractors, combine harvesters, threshers, rotavators, self-propelled vertical conveyer reaper, zero till seed drill, multi crop planter, power tiller, laser land leveler, power weeder, drip irrigation equipment, sprinkler irrigation equipment, rice transplanters and others. Tractors segment (28.6% share in 2016) occupies the largest market of agricultural equipment across the globe.

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Further, global tractor market is anticipated to reach USD 86.7 Billion by the end of 2024 from USD 51.0 Billion in 2016. Further, this segment is anticipated to flourish at a CAGR of 7.1% over the forecast period. However, drip irrigation segment is anticipated to grow at highest CAGR of 13.1% during 2017-2024.

The global market for global agricultural equipment is expected to flourish at a CAGR of 8.4% over the period 2017-2024. The global demand for agricultural equipment is increasing due to the rising demand for agricultural products. Further, rising global population is creating huge demand for the large scale production in agricultural sector. This factor is expected to spur the growth of the global agricultural equipment market over the forecast period.

Factors such as rising demand for agricultural products and increasing population worldwide are anticipated to expand the agricultural equipment market globally. Further, the government of both developing and developed countries is taking various initiatives and initialization of number of programs to boost the agriculture sector by providing extensive support to farmers in order to purchase agricultural equipment, which is expected to bolster the demand for agricultural equipment across the globe. This factor is estimated to boom the global agricultural equipment market by noteworthy revenue by the end of 2024.

In the regional segment, Asia Pacific has accounted for the highest share of 40.0% in global agricultural equipment market in 2016 and  is estimated to grow at highest pace , expanding at 10.2% CAGR in overall agricultural equipment market during the forecast period. Followed by Asia Pacific, there is a sufficient growth in market shares of Middle East Asia and Latin America in overall agricultural equipment market.

Technological Advancements

Rapid introduction of advanced agricultural equipment is a major factor which is augmenting the demand for agricultural equipment across the globe. Introduction of advanced equipment such as multi-purpose tractor is likely to bolster the growth of market during the forecast period.

Farmers are adopting advanced farming methods and technology to enhance the crop productivity. Additionally, the popularity of drip irrigation is increasing globally and thus fuelling the demand for drip irrigation equipment globally.

Government Initiatives and Support

Governments in many economies are offering grants and loans to farmers to buy agricultural equipment. For instance, under the National Agricultural Development Programme (NADP), government in India is offering subsidy of up to 50% to farmers to buy farming equipment.

This report also provides the existing competitive scenario of some of the key players of global agricultural equipment market which includes company profiling:

Deere & Company, AGCO Corporation, CNH Industrial, SDF Group, Argo Tractors S.p.A., CLAAS KGaA mbH, The Toro Company, Kubota Corporation, Mahindra & Mahindra Ltd. and Escorts Ltd.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global agricultural equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Research Nester:

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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Smart Electric Meter Market Analysis and Overview Outlook – 2029

Research Nester released a report titled “Smart Electric Meter: Global Demand Analysis & Opportunity Outlook 2029″ which delivers detailed overview of the global smart electric meter market in terms of market segmentation by communication technology type, end-user, phase, and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The smart electric meter market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029, on account of the increasing urban population and rising investments in smart grid technologies and smart cities. In Sept 2017, Tata Power Delhi Distribution Limited (India) announced its plans to roll out 18 lakh smart meters by 2025.

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The market is segmented by communication technology type into radio frequency, power line communication, and cellular. Among these segments, the radio frequency is anticipated to hold the largest share by the end of 2021 in the smart electric meter market due to its cheaper setup cost.

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The smart electric meter market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in the Asia Pacific also holds the largest share. This can be attributed to the increasing investments in smart grid technologies and smart cities in the region.

Increasing Investments in Smart Grid Technologies and Smart Cities to Drive Market Growth

In Sept 2017, Tata Power Delhi Distribution Limited (India) announced its plans to roll out 18 lakh smart meters by 2025, whereas South Korea is expected to invest USD 24 billion by 2030.

However, the expensive cost of installment and lack of awareness in low-income economies are some of the factors that are estimated to restrain market growth in the near future.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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This report also provides the existing competitive scenario of some of the key players of the global smart electric meter market which includes company profiling of Itron Inc. (ITRI: NASDAQ), Jiangsu Linyang Energy Co., Ltd. (SHA: 601222), Wasion Group (HKG: 3393), Schneider Electric (EPA: SU), Siemens (ETR: SIE), Honeywell International Inc. (NYSE: HON), Iskraemeco Group, GENERAL ELECTRIC (NYSE: GE), and ABB (NYSE: ABB). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart electric meter market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

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Cannabis Beverage Market to Witness Astonishing Growth by 2028

Research Nester published a report titled “Cannabis Beverage Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the cannabis beverage market in terms of market segmentation by type, by constituent, by distribution channel, by application, by end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.

Cannabis is a well known consuming plant owing to its utlization in psychoactive drugs and for therapeutic purposes. For a long time, the use of cannabis was mostly restricted to medical purposes. However, the use of marijuana for making consumable drinks has gained traction in the past couple of years. Currently, the use of cannabis has been extended to consumable drinks called cannabis beverages and the cannabis-infused beverage industry is expanding at a remarkable pace.

The cannabis beverage market is projected to witness a CAGR of more than 15% over the period 2020-2028. The market is segmented by type, constituent, distribution channel, application, end-user, and region. Among the product type segmentation, the non-alcoholic beverages segment holds the top market share owing to the growing demand for smoke-free cannabis, growing awareness about the medical impact of marijuana on explicit health conditions, and legalization of marijuana usage for medical and recreational purposes in many countries, which, in turn, drives the production as well as demand for cannabis-infused beverage globally.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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Regionally,  the cannabis beverage market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America stood at top position in the global cannabis beverage market and is projected to dominate over the forecast period owing to rising expenditure on cannabis beverages, the dominance of various legislation norms, and the existence of many private players in the region.

The European region is predicted to hold the second position in the global cannabis beverages market on account of the rising investment for cannabis beverages, growing awareness among people, and the rise in cannabis consumption in the region. Further, the companies working in the region are launching products to sustain the growing trend of wellness drinks among consumers.

Robust demand for wellness drinks among end-users

On account of the legalization of cannabis for medical and recreational purposes, consumers are shifting from soft drinks to wellness drinks. Low sugar content in these drinks, consumers’ preferences for these beverages as an alternative to cannabis smoking, and consumption of marijuana-infused chocolates, cookies, brownies, and confectionaries have attributed towards overall market growth in the forecast period. Further, off-trade sales channels are projected to boost the demand for cannabis-infused beverages among customers.

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Additionally, various health benefits such as improved sleep patterns, restricted weight gain, relief from depression and anxiety, controlled blood pressure, and usage of cannabis for treating neurological disorders,  epilepsy, cancer, and pain control are estimated to contribute towards the demand for cannabis drinks.

However, few health concerns accompanying the consumption of marijuana such as extreme anxiety, fear, distrust, panic, risk of depression, and blocks of memory formation might hamper the growth of the market.

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About Us

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

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Research Nester
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Automotive Aluminum Extrusion Market Foraying Into Emerging Economies 2030

According to the report, the global automotive aluminum extrusion market is projected to reach US$ 93.3 Bn by 2030, expanding at a CAGR of 6% during the forecast period. Rise in the demand for lightweight vehicles across the globe is likely to propel the automotive aluminum extrusion market. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage sale of vehicles. The enactment of stringent regulations regarding exhaust gas emission across the globe is prompting vehicle industries to develop lightweight vehicles, which is likely to propel the automotive aluminum extrusion market across the globe.

Expansion of Global Automotive Aluminum Extrusion Market

The surge in trade volume owing to rising bilateral trade among countries is projected to boost the automotive aluminum extrusion market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

Based on vehicle, the global automotive aluminum extrusion market has been segmented into minicompact (A Segment), supermini (B Segment), compact (C Segment), mid-size (D Segment), executive (E Segment), luxury (F Segment), utility vehicles, light commercial vehicles, heavy commercial vehicles, and buses & coaches. Utility vehicles is likely to be a highly lucrative segment during the forecast period. This is primarily due to rise in demand for SUVs across the globe. The increase in demand for light commercial vehicles across the globe due to an increase in transportation of goods and commodities across the globe is projected to fuel the demand for light commercial vehicles globally.

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Based on type, the sub-structure segment accounted for a significant share of the global automotive aluminum extrusion market. Rise in demand for electric vehicles where aluminum sub-structure is widely used to increase vehicle range is anticipated to boost the automotive aluminum extrusion market across the globe.

Regional Analysis of Automotive Aluminum Extrusion Market

The global automotive aluminum extrusion market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive aluminum extrusion market in 2019. It is anticipated to hold a leading share during the forecast period due to rise in the production and sale of vehicles in China and countries in ASEAN.

Followed by Asia Pacific, Europe also held a significant share of the global automotive aluminum extrusion market due to increase in the demand for utility vehicles in the region. The surge in the demand for electric vehicles due to an enactment of stringent emission norms across Europe and Asia Pacific is likely to propel the aluminum extrusion market across Europe and Asia Pacific.

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Key Players in Automotive Aluminum Extrusion Market

Prominent players operating in the global automotive aluminum extrusion market include BENTLER International, Bonnell Aluminum Extrusion Company, CAPALEX, Constellium SE, Innoval Technology, Kaiser Aluminum Corp, KOBE STEEL Ltd., Norsk Hydro ASA, Novelis Inc. OmniMax International, ProfilGruppen Extrusions AB, SMS Schimmer, UACJ Automotive Whitehall Industries, Inc., and Walter Klein GmbH & Co. KG.

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ADAS Calibration Equipment Market Revenue Poised for Significant Growth During the Forecast Period of 2020-2028

The global ADAS (advanced driver assistance systems) calibration equipment market is pegged to gain noteworthy amount in revenues during the forecast period of 2019 to 2028. This growth is attributed to thriving automotive sector in all the worldwide locations. The segmentation of the global ADAS calibration equipment market is performed on the basis of vehicle, end-user, and region. Based on end-user, the market for ADAS calibration equipment is bifurcated into tier 1 suppliers, automotive OEMs, and service stations.

An upcoming research report from TMR on the ADAS calibration equipment market offers in-depth assessment of vital elements impacting positively and negatively on the overall market growth. In addition, it provides reliable data on shares, volume, revenues, probable growth avenues, and key players in working this market. The report gives helpful insights of the ADAS calibration equipment market for the forecast period of 2019–2028 and works as a complete guide.

Global ADAS Calibration Equipment Market: Growth Dynamics

In recent period, major population from all across the world is inclined toward the use of ADAS in mid-range passenger vehicles. This factor is working as a key driver for the growth of the global ADAS calibration equipment market. This aside, enterprises working in the automotive industry are growing efforts to incorporate advanced technologies in their vehicles. The key motive for this move is to improve the safety of vehicles. Thus, it is safe to say that the automotive industry is growing use of active as well as passive vehicle safety technologies in all vehicle types. This move is stimulating the growth of the global ADAS calibration equipment market.

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The passenger segment in the global ADAS calibration equipment market is projected to show prodigious growth during the forecast period of 2019 to 2028. One of the key reasons for this growth is growing use of ADAS in mid-sized and luxury cars.

Global ADAS Calibration Equipment Market: Competitive Analysis

The global ADAS calibration equipment market is moderately fragmented in nature. Presence of many international and regional players connotes that the competition level of the market for ADAS calibration equipment is highly intense. Enterprises working in this market are investing heavily in research and development activities. This strategy is used by vendors to offer superior quality products.

Several vendors working in the ADAS calibration equipment market are growing efforts for the development of ADAS cameras and automotive sensors. These features are intended to help vehicles in detecting obstacles. Thus, the continuous efforts of vendors to improve the product quality are projected to boost the global ADAS calibration equipment market growth.

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The list of key players in the global ADAS calibration equipment market includes:

• Mahle GmbH
• Robert Bosch GmbH
• KGaA
• HELLA GmbH & Co.
• Autel Intelligent Technology Corp., Ltd.
• TEXA S.p.A
• COJALI S.L.
• LAUNCH TECH CO. LTD
• Hofmann Megaplan GmbH

Global ADAS Calibration Equipment Market: Regional Assessment

The global ADAS calibration equipment market is spread across eight key regions, namely, East Asia, North America, South Asia, Latin America, Europe, the Middle East & Africa (MEA), Oceania, and Emerging Countries. Of them, Europe is one of the leading regions of the market for ADAS calibration equipment. Key enterprises from automotive industry of Western Europe are focused on increasing the manufacturing of SUVs as well as mid-sized vehicles. As a result, they are growing the demand for products from the ADAS calibration equipment market. This factor is pushing market growth in Europe.

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Wall Covering Products Market Demand, Trends, Statistics and Forecast Period 2027

The global wall covering products market is likely to be driven by the augmented disposable income together with accelerated rate of urbanization across the globe. Globalization and urbanization has replaced the rural culture with modern, urban culture. This has ushered in the widespread of wall coverings together with various other modern products.

Wall covering comes with a lot of advantages, such as it protects the wall surface from scratches or scribbles by children or accidental marks. Wall coverings are also able to add grandeur and taste to the uncovered walls. These cost effective coverings also neutralize the interiors of commercial and residential places and customize it with many different patterns and colors, which are estimated to work in favor of the global wall covering products market in the years to come.

With the recent outbreak of COVID 19, the global wall covering products market is expected to witness a decline in demand due to stalled construction activities and fall in advertising across the various part of the world. Moreover, many governments across the globe are enforcing lockdown of towns and cities and towns of countries, which is likely to impact the global wall covering products market. Impact on the market is likely to be shaped by the supply chain disruption and complete shutdown of many distribution channels.

Type, application, distribution channel, and region are the four important parameters based on which the global wall covering products market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global wall covering products market.

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Global Wall Covering Products Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global wall covering products market is mentioned below:

• In May 2017, New Jersey-based paint manufacturer, Benjamin Moore & Co. introduced a brand new paint, Ultra Spec SCUFF-X. It is a first of its kind paint, which comes with one-component interior latex paint that is engineered specifically to put up resistance to scuffmarks in commercial, high traffic environments.

Some of the prominent organizations in the global wall covering products market include the below-mentioned:

• Grandeco Wallfashion Group
• Benjamin Moore & Co.
• Asian Paints Limited (APL)
• Walker Greenbank PLC
• Nippon Paint Holdings Co. Ltd
• Ahlstrom-Munksjö Oyj

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Global Wall Covering Products Market: Key Trends

The global wall covering products market is characterized by the presence of the following restraints, drivers, and opportunities.

Rise in Disposable Income and Inclination to Spend on Premium Products to Drive Demand

Wall covering products come with a wide variety of products, such as unframed mirrors, interior paints, wall panels, wallpapers, and wall tiles. Wall coverings come with a variety of texture, sizes, colors, designs, and materials. These materials comprise ceramic, paper, and metal. It also helps in the protection of walls harsh environmental elements, such as heavy rain, sunlight, and others.

A rise in the construction of residential and commercial buildings across the globe is likely to emerge as growth factors for the global wall covering products market in the years to come. In addition, the global wall covering products market is likely to be driven by the rising disposable income, increased propensity to spend on premium products, and improved standard of living is likely to encourage the expansion of the global wall covering products market in the near future. Rise in demand for accommodation is likely to emerge as another factor driving the demand for wall covering products in the near future.

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Trail Running Shoes Market Opportunities, Industry Trends and Forecast to 2028

The global trail running shoes market is expected to show stupendous growth during the forecast period of 2019 to 2028. This growth is attributed to rising popularity of trail running in the all worldwide locations. There are various types of trail running shoes available in the market. The users can choose from rugged trail running shoes, off trail running shoes, and light trail running shoes as per their requirement.

An upcoming research report from TMR on the trail running shoes market includes comprehensive assessment of vital elements supporting and obstructing market growth. In addition, it provides trustworthy data on volume, shares, revenues, and probable growth avenues in the global trail running shoes market. The report covers valuable insights of the market for trail running shoes during forecast period of 2019 to 2028.

The global trail running shoes market is segmented on the basis of various key factors such as type, distribution channel, and region.

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Global Trail Running Shoes Market: Growth Dynamics

Trail running shoes are gaining traction of a wide range of consumers owing to numerous features they offer. There is increased inclination toward the use of trail running shoes instead of regular running shoes because of comfort they offer and their attractive and trail specific design. At the same time, these footwear can handle the rough and rugged terrain and minimize the possibilities of sprained ankle. Owing to all these features, the global trail running shoes market is witnessing substantial demand avenues from all worldwide locations.

Players working in the global trail running shoes market are expected to witness remarkable growth avenues on the back of various reasons. Growing awareness about health is promoting a major population from all across the world to participate in trail running and other outdoor activities. As a result, there is considerable growth in the number of trail running events. This factor is driving the growth of the global trail running shoes market.

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Global Trail Running Shoes Market: Competitive Analysis

The global trail running shoes market is moderately fragmented in nature. Presence of considerable number of players denotes that the competitive landscape of the market for trail running shoes is highly intense. Vendors working in the global trail running shoes market are focused on improving the quality of the products they offer. For this purpose, they are heavily investing in research and development activities. In addition to this, several players in the trail running shoes market are launching innovative products to attract the new customer base.

Many enterprises in the trail running shoes market are executing strategic partnerships to strengthen their distribution channels. Besides, they are increasing efforts on branding their products and investing heavily in marketing. All these moves connote that the market for trail running shoes will grow at rapid pace in the forthcoming years.

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