LONDON–(BUSINESS WIRE)–Jan 28, 2021–
Global procurement intelligence advisory firm, SpendEdge, has announced the release of their Agricultural Machinery Market Intelligence Report, for the Heavy Industry market is expected to grow by USD 34.07 billion as we reach 2025.
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SpendEdge has announced the release of its Global Agricultural Machinery Market Procurement Intelligence Report (Graphic: Business Wire)
“ Collaborations with global suppliers will also help buyers in cost-saving and ensure high-quality procurement in the forthcoming years in this dynamic market. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 1.15%-2.35%.” says senior procurement analyst at SpendEdge.
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- Agricultural Machinery Report Insights
- The Agricultural Machinery market is set to showcase a CAGR of around 3.57%
- SpendEdge’s analysts expect that suppliers will have moderate bargaining power in this market
- Holistic category management approach will help buyers
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- Agricultural Machinery Pricing Trends
- The pressure from substitutes and a high level of threat from new entrants have resulted in the moderate bargaining power of suppliers.
- Buyers should align their preferred pricing models for Agricultural Machinery with the wider industry and identify the cost-saving potential.
- Perpetual license, package pricing, and subscription based are the most widely adopted pricing models in the Agricultural Machinery.
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Agricultural Machinery Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist Agricultural Machinery market growth during the next five years
- Estimation of the Agricultural Machinery market size
- Predictions on upcoming trends and changes in supplier behavior
- The growth of the Agricultural Machinery market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of Agricultural Machinery market vendors
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INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING TECHNOLOGY MANUFACTURING AGRICULTURE NATURAL RESOURCES OTHER MANUFACTURING HARDWARE
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PUB: 01/28/2021 03:15 AM/DISC: 01/28/2021 03:15 AM