Agriculture Equipment Industry Is Estimated To Move Ahead At A Cagr Of 6.20% During 2022 To 2030
Agriculture Equipment Industry Data Book Covers Agriculture Tractors & Tractors Implements, Agriculture Equipment Markets. The agriculture equipment industry was valued at USD 286.03 billion in 2022 and is expected to register a growth of 6.2% throughout the forecast period. Agriculture Equipment Market Report Highlights The global agriculture equipment market size was evaluated at USD 155.68 billion in 2021, and it is projected to reach USD 236.04 billion by 2030, registering a CAGR of 5.0% from 2022 to 2030. Tractors captured a sizeable portion of the overall market in 2020, with the market size expected to surpass USD 80.0 billion by 2030. Tractors are essentially high-cost equipment, thus contributing to their high market share Harvesting and threshing are important farming processes, owing to which the segment captured over 20% revenue share in 2021.This trend is expected to continue over the forecast period Asia Pacific led the market in 2021, a ...