The agricultural equipment market will experience a negative impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, the market growth is expected to increase from 2020.
Companies around the world are focused on creating a resilient business model in the face of COVID-19. Suppliers are continuing their current operations while building resilient business models as the path to recovery from the pandemic is emerging.
The recovery process includes various phases, including: –
- Recognize the existing business model
- Build resilience by making efficient resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key considerations for market forecast:
- Impact of bottlenecks, supply chain disruptions, destruction of demand and changing customer behavior
- Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
- Market estimates before and after COVID-19.
- Quarterly impact analysis and update of market estimates.
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The three main participants in the agricultural equipment market:
- AGCO Corp.
- BROHAWK EXPORTS
- Bucher Industries SA
If you purchase an updated report within the next 60 days, we’ll send you the new edition and the data extract for FREE! Get an overview of the report here to get a detailed analysis of the market share of market players during the COVID-19 lockdown: https://www.technavio.com/report/farm-equipment-market-industry-analysis
Agricultural Equipment Market 2020-2024: Segmentation
The agricultural equipment market is segmented as follows:
- Geographic landscape
- North America
- South America
The agricultural equipment market is driven by the growing demand for small tractors. In addition, other factors such as the increasing deployment of precision farming equipment and technology are expected to trigger the agricultural equipment market.
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- Covered suppliers
- Supplier ranking
- Positioning of sellers in the market
- Competitive scenario
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