The global market for Harvesting Machinery is forecast to reach US$36.8 billion by 2024, driven by the acute pain of agricultural labor shortages made more intense against a backdrop of growing population and food demand, urgent need for arable land expansion and farm productivity improvements to achieve food security goals. Other major factors spurring growth in the market include prioritization of agricultural development in several countries; increased government subsidies and availability of credits for advanced agriculture technologies; farm consolidation in developed countries and a parallel rise in demand for large sized agricultural machines and vehicles; growing prominence of climate change adaptation planning in agriculture and the ensuing shift towards biofuel operated harvesting machinery; growing investments and land acreage committed to energy crop cultivation against the backdrop of rising demand for biofuel consumption and stringent fuel blending regulations. The robust outlook for floriculture and environmental horticulture also bodes well for market growth. Read More…

Comments

Post a Comment

Popular posts from this blog

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Commercial Laundry Machinery is Forecast to Reach US$4.7 Billion by 2022

Encouraging Growth in the Travel, Tourism & Hospitality Industry in Developing Countries Drives the Commercial Laundry Machinery Market, According to a New Report by Global Industry Analysts, Inc.                                                                                                  GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Commercial Laundry Machinery market. The global market for Commercial Laundry Ma...
Read more