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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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.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are Caterpillar Inc, Deere & Company, CNH Industrial N.V, Doosan Infracore Co and Kubota Corp.
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