A plow is a tool used in farming for loosening the soil before sowing seed or planting. It is drawn by tractors and can be made of wood, iron, or steel frame, with a blade attached to the frame to loosen and cut the upper layer of soil. Plows are used to turn over the uppermost soil. Different types of plows available in the market include wooden or Indigenous plow, iron or inversion plow, disc plow, ridge plow, switch plow, and Mouldboard Plough. Subsoil plow, Chisel plow, and Rotary plow are the special types available in the market.
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Top Impacting Factors
According to the United Nations Organization, the worldwide population is expected to reach 9.7 billion by 2050. The rise in population is expected to lead to a surge in the consumption of food and this is expected to boost the growth of the agricultural sector and use of plows, and hence increase the demand for plows.
Since the start of the pandemic, many steel companies increased prices one to three-times. This fluctuation in price affects the selling price of plows which consequently limits the growth of the plow market.
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Key Segmentation Based On:
By Type –
Conventional
Reversible
By Product Type –
Subsoil
Chisel
Rotary
By Application –
Agriculture
Construction
Others
Top Players:
The major players profiled in the waste management market include Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environnement, Waste Management Inc.
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Key Benefits of the Report
- This study presents the analytical depiction of the plow along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the mobile plow market share.
- The current market is quantitatively analyzed to highlight the plow market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.