Global Agriculture Equipment Market – Industry Analysis and Forecast (2019-2027)

The Global Agriculture Equipment market was valued at US $111.30 Bn. in 2020, and it is expected to reach US $167.35 Bn. by 2027 with a CAGR of 6.0% during the forecast period. Tractors, harvesters, farm machinery, and cultivators are examples of agriculture equipment used to help in various farming operations. Agriculture equipment helps in obtaining a high crop yield in a relatively short amount of time with minimal effort. Furthermore, the use of automatic and semiautomatic agriculture equipment decreases the need for human work on farms, lowering the expenses associated with labour. This enhances crop productivity even further by eliminating downtimes and allowing for more precise operations.

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