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Global Agriculture Equipment Market

Global Agriculture Equipment Market

Submitted by • June 4, 2019

Global agriculture equipment market was valued US$ 125.50 Bn in 2017 and is expected to reach 250.30 Bn by 2026, at a CAGR of 9.01 % during a forecast period.
Agricultural equipment keeps a wide range of machinery and tools , which are used in numerous processes of farming to increase output and supplement the overall crop quality.
Changing the preference of farmers from animal to manual operations in agriculture activity is one of the driving key factors in the global agriculture equipment market. Factors like government initiatives to increasing agriculture activities, rapid urbanization rate, and time-saving properties are shifting the focus of farmers to automation and enhancing their investment power. Furthermore, farmers are having financial issues to replace the old equipment with new machinery that can be limiting the growth of the global agriculture equipment market.

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Voted by snehall

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