The global farm equipment market is expected to reach US$149,733.538 million by 2024 from US$128,449.497 million in 2018 growing at a CAGR of 2.59%. Farm equipment are used in the production, harvesting, and care of agriculture or farm produce. 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 various governments is driving t Read more...
Canada farm equipment market is expected to US$1,229.137 million by 2024. The increasing automation in the field of agriculture and farming along with the support from the government in the form of subsidies etc 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. Canada subsidizes the whole farm profits margin instead of controlling the prices or revenue of different commodities. Furthermore Read more...
France farm equipment market is expected to reach US$2,543.102 million by 2024. Farm equipment 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 France. For example, according to FAO, out of the total land area of 54,755.7 (‘000 hectares) of land in France, 28,718.02 (‘000 hectares) of land is agricultural. The increasing automation in the field of agriculture and fa Read more...
The United States farm equipment market is expected to grow at a CAGR of 1.10%. The increasing automation in the field of agriculture and farming along with the support from the government in the form of subsidies etc. 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. The United States population grew from 250 million in 1990 to 327.2 million in 2018 (Source: United States Census Bure Read more...
Germany farm equipment market is expected to reach US$1,657.021 million by 2024. Agriculture in Germany represents only a minor sector in the national economy of the country. However, the technological advancement in the region with respect to farm equipment will help the market to grow. Furthermore, the increasing research and development for technological advancement in the farm equipment are also augmenting the market growth to continue in the forecasted period. However, the high cost Read more...
Nigeria farm equipment market was valued at US$3,573.732 million in 2018. Farm equipment are used in the production, harvesting, and care of the agriculture or farm produce. 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 is driving the market for farm equipment. The growing population is attributing the market growth too since it leads to an inc Read more...
The North America Farm Equipment Market is expected to reach US$11,841.393 million by 2024. 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. Read more...
Sweden farm equipment market is expected to reach US$337.949 million in 2024. Sweden imports most of the agricultural products due to the shrinking skilled labor force in agriculture. However, government initiatives like merging the small unprofitable land into large units have helped the agriculture sector. The increasing automation in the field of agriculture is driving the farm equipment market growth. Furthermore, the increasing research and development for technological advancement in the Read more...
Chile farm equipment market is expected to reach US$446.005 million in 2024 from US$408.079 million in 2018. Export in Chile is concentrated on the copper and agricultural sector. The agricultural products exported from Chile include fresh fruits, forestry, wine, and fishery products. The increasing automation in the agricultural market is driving the market. The growing population is also attributing to the farm equipment market growth since it leads to an increase in the demand for food. Mor Read more...
Egypt farm equipment market is expected to reach US$1,665.221 million by 2024. The total cultivated area represents only 3% of the total land area. The increasing population has led to the government taking into consideration agriculture development as the duty of the state. 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. Read more...
.jpg)
