The global tractor market is estimated to grow at a CAGR of 4.88% to reach US$25,494.261 million in 2026 from US$18,267.930 million in 2019. Demand for tractors depends on the agriculture activity in the country and that invariably is dependent on monsoons and the minimum support price (MSP). The increasing need for operational efficiency and the rise in labor costs are expected to boost the demand for agricultural tractors. The agricultural tractor market is gaining momentum due to the technolo Read more...
The grain silo and storage market is expected to grow at a compound annual growth rate of 5.14% over the forecast period to reach a market size of US$1,683.316 million in 2026 from US$1,185.20 million in 2019. Silo is a structure where materials are stored, in huge amounts, before they are made available in the market. Post-harvest, grains are stored in silos for long period, without spoilage. Silos have many gates from top to bottom and facilitate aeration and acid arrangements, as require Read more...
The mixer wagons market is expected to grow at a compound annual growth rate of 3.41% over the forecast period to reach a market size of US$876.834 million in 2026 from US$693.393 million in 2019. Mixer wagons are agriculture equipment that facilitates the weighing, mixing, and distribution of feed for farm animals. It is important that the equipment mixes the material and provide a proper structure to the feed so that nutrients are mixed and do not remain concentrated in some parts. Read more...
The agricultural pumps market is evaluated at US$3.960 billion for the year 2019 growing at a CAGR of 5.69% reaching the market size of US$5.521 billion by the year 2025. Agricultural pumps are those types of water pumping solutions that are specifically designed to meet the water pumping or transporting requirements in the agricultural sector from numerous sources such as bore-wells, rivers, and tanks among others. The market for agricultural pumps is projected to show a substantial grow Read more...
The planting equipment market is projected to grow at a CAGR of 5.46% to reach US$14.804 billion by 2025, from US$10.761 billion in 2019. The increasing number of agricultural practices in order to meet the rising demand for food crops and other crops by the individuals in the population is augmenting the growth of the market. There has been an increase in the agricultural practices over the years in order to meet the burgeoning demand of food crops and other crops from the consumers Read more...
Japan farm equipment market is expected to reach US$1,814.141 million by 2024. The farm population in Japan has decreased in recent years. However, the importance of agriculture is still felt. A major area of cultivable land is devoted to rice cultivation, as it is the staple food in the country. Fish comes second in importance to rice. The Japanese fishing fleet is one of the largest in the world. The increasing automation in the field of agriculture and farming is driving the market for farm Read more...
Brazil farm equipment market is expected to grow from US$3,061.220 million in 2018 to US$3,608.881 million in 2024. Brazil has a rich content of natural resources which makes it a competitive market for farm equipment. These equipment help in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. The increasing automation in the field of agriculture and farming along with the support from the governments in the region is driving the market f Read more...
Poland farm equipment market was valued at US$664.799 million in 2018. Poland is a country grounded in agriculture and forestry. More than 60% of the land is taken up by the farming sector. Therefore, there is a demand for farm equipment that helps in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. The increasing automation in the field of agriculture and farming is driving the market for farm equipment. The scarcity of skilled labor Read more...
China farm equipment market is expected to reach US$38,723.455 million by 2024, growing at a CAGR of 2.78% between the 2018-2024 period. China is a big agricultural country endowed with rich agricultural resources. According to FAO, China produces one-fourth of the world’s grain and feeds one-fifth of the world’s population with only 10% of arable land. However, the population in the country is the world’s largest, which requires advanced methods in agriculture so that t Read more...
Mexico farm equipment market was valued at US$1,643.042 million in 2018. Farm equipment refers to the equipment used for performing various field operations in agriculture and on-farm. The increasing automation in the field of agriculture and farming is driving the market for farm equipment. The growing population is attributing the market growth too since it leads to an increase in the demand for food. Furthermore, the increasing research and development for technological advancement in the f Read more...
