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.
Agriculture, construction, and
mining machinery manufacturing market in this report is segmented into
construction machinery manufacturing, agricultural implement manufacturing, and
mining and oil and gas field machinery manufacturing.
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The global agriculture,
construction, and mining machinery manufacturing market has been growing in the
past years with a CAGR of almost 1%. 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 global
market to growth 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:
Farm machinery manufacturers are
offering driverless tractors and robots to individual farmers and corporate
farming companies. Driverless tractors and robots automate the weeding and
harvesting process. They use GPS and sensors and can be controlled using a
tablet or a smart phone. These technologies are known to considerably increase
farm output and decrease labor costs. For instance, according to a report by
Goldman Sachs, automated tractors can raise farmer revenue by more than 10% and
reduce farm labor costs. Companies offering driverless tractor and robot
technologies include CNH Industrial, Deere, and AGCO have already started
developing such technology.
Companies included in the report
are Caterpillar Inc., Deere & Company, CNH Industrial N.V., Doosan
Infracore Co. and Kubota Corp.
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