Market Forecast By Countries (Brazil, Mexico, Argentina, Rest Of Latin America), By Types (Traditional Plough, Modern Plough, Specialist Plough), By Application (Farm, Individual Farming) And Competitive Landscape
According to 6Wresearch, Latin America Plough Market size is anticipated to register growth during 2021-27. Latin America Plough market is dominated by local market players that are introducing new technologies to attract the attention of farmers. The spread of the COVID-19 pandemic has led to disruptions in various business industrial landscapes and has crossed the market for the product as well. The market is likely to witness a downfall in demand during 2020, due to the COVID-19, which has led to a complete lockdown during the first half of 2020, and again in 2021 and is expected to hinder the productivity coupled with income suffrage for many of the natives across the region and is expected to act as a restraint for the growth of the product market. However, increased adoption of precision farming is one of the key factors which could influence the growth of the market over the forecast period.
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