The Russia agriculture equipment market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2019. Adoption of modern technologies by farmers to increase farm yield and meet the soaring demand for food is expected to be a key factor driving the market. Traditional farming techniques like plows, and seeders are now being replaced with various modern agricultural machinery. According to FAO Russia contains 20% of the worlds fertile land. The Russian government has made it a priority to ensure food security for the nation by increasing the amount of agricultural products produced in Russia. Therefore, there is a demand for agricultural equipment that allows increasing yield. The increasing demand for operational efficiency, improved productivity, growing adoption of mechanization is further driving the Russian agriculture equipment.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the beverage processing equipment value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Russian agriculture equipment market.
Increasing Demand for Productivity and Operational Efficiency.
High government support.
Uncertainity in the economic conditions.
The major players profiled in the beverage processing equipment market include JSC Peterburgsky Traktorny Zavod, Rostselmash, CLAAS, CNH-Kamaz Industry, John Deere.
The Russian agriculture equipment market has been analyzed through the following segments:
Sowing & planting
Plowing & cultivating
Harvesting & Threshing
By Drive type
Two Wheel drive
Four Wheel drive