DUBLIN--(BUSINESS WIRE)--Nov 25, 2022--
The "Agricultural Shredder Machine Market By Product Type, By Automation Grade, By Business Type: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global agricultural shredder machine market size was valued at $1,576.6 million in 2021, and is projected to reach $2,379.7 million by 2031, registering a CAGR of 4.2% from 2022 to 2031.
The agricultural shredder machine consists of bearing structure, drive machine, cutting chamber, rotor, shredding chamber, and blades that compose agricultural shredders and cutters. These are mounted to agricultural gears such as tractors, or permanently placed to perform agricultural cutting and shredding activities. In addition, by using shredder it helps to achieve better operational efficiency by investing in agricultural shredders and cutters. These agricultural shredders are ideal for shredding agricultural waste, farm waste, and garden waste.
Major factors that drive the global development of the agriculture shredder and cutters market is a growth in awareness of the importance of innovative farming methods. The utilization of this machine saves time and helps in difficult work, which thus can be utilized to perform different tasks. In the agricultural shredders market, players have adopted acquisition as their key developmental strategy to increase their geographical foothold and enhance their product technologies.
Deere & Company, for instance, completed its acquisition of Unimil, a leading Brazilian company in the aftermarket service parts business for sugarcane harvesters, in September 2020. Unimil is anticipated to assist John Deere in delivering business evolution, altering operational models and modernizing agricultural production systems, as well as assisting John Deere customers in being profitable and sustainable throughout the full lifecycle of their products.
Key Benefits
Key Market Segments
By Product Type
By Automation Grade
By Business Type
By Region
Key Market Players
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KEYWORD:
INDUSTRY KEYWORD: AGRICULTURE NATURAL RESOURCES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/25/2022 08:09 AM/DISC: 11/25/2022 08:09 AM
http://www.businesswire.com/news/home/20221125005193/en