The agriculture, construction, and
mining machinery manufacturing industry comprises establishments offering farm
machinery and equipment, lawn and garden tractor, home lawn and garden
equipment, construction machinery, mining machinery and equipment, and oil and
gas field machinery and equipment manufacturing.
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The global agriculture,
construction, and mining machinery manufacturing market has shown fluctuating
growth in the past years with a CAGR of just over 0.5%. The year 2014 recorded
highest ever market value in this industry and has fluctuated ever since, as
per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in
the market for each year with sourced reasons to support the growth claims.
The report also shows the agriculture,
construction, and mining machinery manufacturing market to grow at a higher
CAGR by 2021 as compared to 2017, along with geographies best suited for
investments with highest return rate.
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report at
The
global agriculture, construction, and mining machinery manufacturing market is
expected to grow at a compound annual growth rate (CAGR) of 3% by 2021. This is
due to continued worldwide expansion activity in the agriculture, construction,
and oil and gas industries. Growing population, exploration of shale oil, and
rising per capital incomes will drive the agriculture, construction and mining
machinery manufacturing market in the future.
Companies included in the report
are Caterpillar Inc, Deere & Company, CNH
Industrial N.V, Doosan Infracore Co and Kubota Corp.
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