The United Kingdom farm equipment market is expected to grow at 4.70% CAGR. The United Kingdom is the second-largest economy in the European Union. Farming in the UK is a vitally important part of overall economy as well as in meeting the majority of food consumption needs of the country. The market for farm equipment in UK is driven by the increasing automation in the farming sector. Furthermore, the increasing research and development for technological advancement in the farm equipment are a Read more...
The Asia Pacific Farm Equipment Market is expected to reach US$89,797.496 million by 2024 from US$78,513.886 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. Countries like India and China in the region are the heavy users of this equipment due to the high agricultural activities. The increasing a Read more...
The Netherlands farm equipment market is expected to reach US$919.250 million in 2024 from US$733.666 million in 2018. The Netherlands is the second-largest exporter of agricultural products after the United States. The increasing automation in the field of agriculture is driving the farm equipment market growth in the country. The scarcity of skilled labor is also supporting the market growth. Furthermore, the increasing research and development for technological advancement in the farm equip Read more...
The UAE farm equipment market is expected to reach US$144.342 million by 2024. The agriculture and farming sector in the country has undergone many changes. The main challenge in the country is to do agricultural activities while using minimum water. The farm equipment can help with this by employing various technologies with it. 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 to Read more...
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 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...
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