Jan 21, 2021   SOURCE: BusinessWire

New Agricultural Mowers Market Research During 2021-2025 | COVID-19 Industry Planning Structure | Technavio

The new agricultural mowers market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.

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Technavio has announced its latest market research report titled Global Agricultural Mowers Market 2021-2025 (Graphic: Business Wire).

Technavio has announced its latest market research report titled Global Agricultural Mowers Market 2021-2025 (Graphic: Business Wire).

Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the agricultural mowers market.

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"One of the primary growth drivers for this market is the rising need to boost hay making performance in fields,” says a senior analyst for the industrials industry at Technavio. The market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the agricultural mowers market size to grow by USD 425.00 million during the period 2021-2025.

Agricultural Mowers Market Segment Highlights for 2020

  • The agricultural mowers market is expected to post a year-over-year growth rate of 4.51%.
  • Based on the product, the disc segment saw maximum growth in 2020. The versatility and durability offered by agricultural disc mowers are likely to drive the growth of the market.
  • The growth of the market segment will be significant during the forecast period.

Regional Analysis

  • 33% of the growth will originate from the North America region.
  • Technological advances for better cultivation practices is one of the prime factors that will facilitate the agricultural mowers market growth in North America over the forecast period.
  • The US is one of the key markets for agricultural mowers in North America. Market growth in this region will be slower than the growth of the market in APAC.

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Notes:

  • The agricultural mowers market size is expected to accelerate at a CAGR of about 5% during the forecast period.
  • The agricultural mowers market is segmented by product (Disc, Sickle bar, Drum, and Flail) and geography (North America, Europe, APAC, South America, and MEA).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including AGCO Corp., Buhler Industries Inc., CLAAS Group, CNH Industrial NV, Deere & Co., Kubota Corp., KUHN SAS, Maschinenfabrik Bernard Krone GmbH & Co. KG, STIGA Spa, and Vermeer Corp.

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