Agriculture & Forestry Industry Market News

Agriculture equipment market to grow at a CAGR of 6.5% to 2024

Agriculture Market Research

The agriculture equipment market generated a revenue of $171 billion in 2016, and is projected to reach $279.5 billion by 2024, growing at a CAGR of 6.5% from 2017 to 2024. In 2016, Tractor market segment generated the highest revenue share in the global agriculture equipment market.

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A set of machinery which is used for supporting agricultural activities called agriculture/ farm equipment. The equipment vertical consists of a varied range of apparatuses and machinery such as tractors, plough, cultivation equipment, and harvesters.