The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 171.4 million in 2033. The agriculture industry is expanding fast in the upcoming years, driven by the surging global population, which is expected to …
Tag Archives: Agricultural Equipment Market
Agricultural Equipment Market totaling around US$ 108.86 Billion by 2032
The global agricultural equipment market is expected to be valued at US$ 68.12 Billion in 2022. With the increasing growth of the farm mechanization, coupled with the increase in investments by OEMs for Agricultural Equipment, the overall demand for agricultural equipment is projected to grow at a CAGR of 4.8% between 2022 and 2032, totaling around US$ 108.86 Billion by 2032. The demand …
Continue reading “Agricultural Equipment Market totaling around US$ 108.86 Billion by 2032”
Agricultural Equipment Market Trends , Key Points , Business estimates till 2031
ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of 4.8% between 2021 and 2031, reaching a market volume of around 6.7 Mn units by 2031 end. Agriculture is the primary source of livelihood for about 58% of India’s population. In order to address the rising food demand …
Continue reading “Agricultural Equipment Market Trends , Key Points , Business estimates till 2031”