Global Agricultural Equipment Market
Agricultural Equipment Market Size And Forecast
According to Verified Market Research, Global Agricultural Equipment Market was valued at USD 132.05 Billion in 2018 and is projected to reach USD 255.27 Billion by 2026, growing at a CAGR of 8.54% from 2019 to 2026.
Global Agricultural Equipment Market Outlook
Owing to the advancement in technology, the increasing adaption of advanced equipment in the field of farming is driving the growth of the market. In addition, the growing usage of the cost-cutting methodologies for designing farm equipment, and the rise in population in response to increased demand food are another factor propelling the market growth. Moreover, the rising government initiatives by providing subsidies add to impose a positive outlook on the market. However, the huge cost related to advanced machinery is expected to hamper the market growth.
Global Agricultural Equipment Market Competitive Landscape
The Global Agricultural Equipment Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as CLAAS KGaA mbH, Agromaster, APV-Technische Produkte GmbH, AGCO Corporation, Escorts Group, ISEKI & Co., Ltd., Agrocenter Ltd., AMAZONE Ltd., Bellota and CNH Industrial N.V.
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