The market is likely to register a CAGR of 8.53 per cent during the forecast period (2022 to 2030)
According to a comprehensive research report by Market Research Future (MRFR), the Agriculture equipment market research report has announced that the Agriculture Equipment Market is projected to be worth $189.42 billion by 2030, registering a CAGR of 8.53 per cent during the forecast period (2022 to 2030), the market was valued at $103.61 billion in 2021.
Eminent industry players profiled in the global agriculture equipment market report include AGCO Corp (US), JC Bamford Excavators (UK), Deere & Company (US), CNH Industrial NV (UK), Kubota Corporation (Japan), Iseki & Co (Japan), Daedong Industrial Co (US), Mahindra & Mahindra (India), Escorts (India).
As per the regulations laid down via the government, the manufactured industries had been closed down for preventing the virus to spread, thus the agriculture machinery market was slowed down. The pandemic not only impacted the agriculture machinery, yet also impacted different business sectors such as construction, semiconductor and electronics, healthcare, automobiles, and others.
