Farm Equipment Market Ongoing Trends and Key Players 2027
The global Farm Equipment Market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the farm equipment...
Farm Equipment Market – Growth, Trends, and Forecast (2020 – 2025)
The global Farm Equipment Market is projected to
reach USD 113.0 billion by 2025 from an estimated USD 92.2 billion in 2020,
growing at a CAGR of 4.2% during the forecast period, mainly due to attractive
government policies to farmers in the form of loan waivers, credit finance,
monetary aid in difficult times such as drought, pandemic such as COVID-19 etc.
Increasing popularity and awareness...