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...
Australia farm equipment market was valued at US$1,577.310 million in 2018. Agriculture plays a vital role in the social, economic, and environmental sustainability of Australia. It contributes to 3% of the GDP of the country as well as provides the livelihood for many families. The increasing automation in the field of agriculture and farming is driving the market for farm equipment in Japan. Furthermore, the increasing technological advancement in the farm equipment is also augmenting t Read more...
Russia farm equipment market is expected to grow at a CAGR of 5.89% during the 2018-2024 forecast period. Farm equipment 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 is also supporting the market growth. Furthermore, the increasing research and development for technological advancement in the Read more...
Indonesia farm equipment market is expected to reach US$3,602.871 million by 2024. Agriculture is one of the key sectors in the Indonesian economy. The farm equipment are used in the production, harvesting, and care of the agriculture or farm produce and 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 growing population Read more...
The Middle East and Africa Farm Equipment Market are expected to reach US$18,042.951 million by 2024. 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 s Read more...
South Korea farm equipment market is expected to reach US$1,437.196 million by 2024. Two-third of the land in South Korea is either hilly or mountainous. These difficulties in the area can be reduced by the use of farm equipment as it can help in improving the quality of the agricultural produce, reduce the dependency on labor, and in completing the agricultural procedures fast. Furthermore, the increasing technological advancement in the farm equipment is also augmenting the market growth to Read more...
Israel farm equipment market was valued at US$183.190 million in 2018. Israel is the world leader in agriculture technologies despite the conditions in the country not conducive to agriculture. Farm equipment are used in the production, harvesting, and care of the agriculture or farm produce. 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 Read more...
Argentina farm equipment market is expected to grow at a CAGR of 3.87%. Agriculture makes more than 40% of the total exports in Argentina. The growing population is attributing market growth since it leads to an increase in the demand for food. 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 of equipment and the growing market for used/seco Read more...
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...
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