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Garden And Lawn Tools Market Witnesses Emergence of Dominant Players Including Honda Motor Co Ltd and Robert Bosch GmbH
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Cordless Garden Equipment Market growth in Household Appliances Industry | Emerging Trends, Company Risk, and Key Executives
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Auger Drilling Machine Market to See Huge Growth after COVID-19 Outbreak!!!
iCrowd Newswire
23 Jul 2021, 10:58 GMT+10
The Fact.MR report offers insight into the competitive dynamic in Auger Drilling Machine market which has shaped the major strategies of each player.
It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player.
The key factors that shape the entry barrier and intensity of competition in Auger Drilling Machin market are presented in the analysis.
Further, the study provides PESTLE analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period 2018 to 2028
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NEW YORK, May 27, 2021 /PRNewswire/ Growing demand for tractors, brush cutters, water pumps, and lawn mowers for agriculture and horticulture is lending impetus to the growth of the South Asia agriculture equipment market. The agriculture sector has seen significant growth in the past few years, and the same is expected over the coming years as well. The market is estimated to expand at an impressive CAGR of around 9% over the forecast period of 2021-2031.
India, Bangladesh, and ASEAN countries are major markets for agriculture equipment in the region. With a fragmented market, manufacturers are highly concentrated on their increasing sales and distribution networks across the South Asian region.
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Amid the COVID-19 crisis, the global market for Lawn Mowers estimated at US$28.9 Billion in the year 2020, is projected to reach a revised size of US$41.6 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027.
Residential, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$23.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
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