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According to a new report Global Grain Processing Equipment Market, published by KBV research, The Global Grain Processing Equipment Market size is expected to reach $6 billion by 2026, rising at a market growth of 7.8% CAGR during the forecast period.
Many companies are ready to invest massive amounts in research & development activities and advance centers in order to obtain a competitive advantage over other players. The key players of the market are adopting various market strategies to improve their product offerings and increase their regional presence. This strategy is helpful for the companies to acquire distribution centers and expand their offerings over a number of end-use application markets.
On the basis of machine type, the grain processing equipment market is divided into pre-processing and processing. In 2019, the market was dominated by the pre-processing segment, owing to the growing awareness among farmers regarding the use of grain processing machinery.
The automatic segment is likely to progress at the fastest CAGR during the forecast period. With the modern industrial trends, automated grain processing equipment is likely to exhibit considerable growth in the coming years. The need to offer precise, standard, and quality products and acquiring competitive edge in the market are expected to drive the product demand over the forecast period.
North America is among the major markets for grain processing equipment across the globe. North America is a developed region, and the factors like government framework posing favorable policies, technological advancements, and infrastructural development enabling strong distribution channels are further boosting the growth of the grain processing equipment industry in this region.
Europe is one of the top regions in the food & beverage industry. The food & beverage industry contributes majorly to the economy of the countries such as Italy, Germany, and the U.K. and play an important role in shaping the economy. The demand for food and processed food in these regions is high. The U.S. is the leading producer of sorghum, maize, and wheat& the region is expected to boost demand for grain processing equipment in the industry. The country is observing several food trends and government policies that are likely to favor the demand for the food processing equipment market. The U.S. Department of Agriculture formulated marketing standards for grains and oilseeds.
Full Report: https://www.kbvresearch.com/grain-processing-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of GEA Group AG (Golfetto Sangati S.r.l.), Forsberg Agritech (India) Pvt. Ltd., Satake USA, Inc. (Satake Corporation), PETKUS Technologie GmbH, Osaw Agro Industries Private Limited, Alvan Blanch Development Company Limited, Lewis M. Carter Manufacturing, LLC, Zhengzhou VOS Machinery Equipment Co., Ltd., Lianyungang Huantai Machinery Co., Ltd., and Westrup A/S.
By Mode of Operation
By Machine Type
By Geography
Companies Profiled
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