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...
Saudi Arabia farm equipment market is expected to grow at a CAGR of 3.24% during the forecast period. The active participation of the government has helped the country to turn the desert land into agricultural fields. Agriculture in the country is focused on the export of days, dairy products, eggs, fish, etc. farm equipment help in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work so that more output can be produced. The increasing auto Read more...
The South America Farm Equipment Market is expected to grow at 3.04% CAGR. Farm 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 for farm equipment. The growing population is attributing the market growth too since it leads to an increase in the demand for food. Additionally Read more...
The Europe Farm Equipment Market is expected to reach US$20,184.356 million by 2024 from US$15,959.926 million in 2018. Farm equipment refers to the equipment used for performing various field operations in agriculture and on-farm. It helps in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. The agriculture sector is one of the mainland users in the Europe region. For example, according to FAO, out of the total land area of 54755.7 (&l Read more...
India farm equipment market is expected to reach US$25,528.198 million by 2024 from US$22,219.430 million in 2018 at a CAGR of 2.34%. Agriculture is the backbone of the Indian economy. Although the contribution of agriculture in the total GDP has decreased, it still employs the largest number of people. Also, the population of India is growing at a fast rate which will ultimately mean an increase in the demand for food. The use of farm equipment can help in improving the quality and in re Read more...
.jpg)
