Wednesday, 5 September 2018

Farm Equipment Market Research Report, Trends, Analysis and Forecast to 2026


Farm equipment is a type of machinery used on a farm to assist with farming. Farms require a wide-ranging of equipment, suitable for different farming scale and environment which are used by number of agricultural workers across different regions and are deployed across a wide-range of farm practices such as planting, irrigation, harvesting and others. Farm implements can be done in multiple ways. Among them, the best and well known technique is mounting tow behind or mounted on the tractor providing a source of power if the implementation is mechanized. A cultivator is a farm execute for pulverizing and stirring the soil before planting or to eliminate weeds. It is powered by a tractor and stirs the soil, usually to a larger depth.


Global Farm Equipment market is accounted for $179.25 billion in 2017 and is expected to reach $321.32 billion by 2026 growing at a CAGR of 6.7% during the forecast period. Farm equipment is used by a number of agricultural workers across the world and mostly it is engaged deploying extensive range of farm practices such as planting and irrigation. For instance, a top most company named Mahindra & Mahindra (M&M) launched the high-tech, semi-autonomous Novo 65 HP & 75 HP tractors. These next generation tractor is in line with company’s idea of becoming the pioneer in providing technology to drive farming solutions to the farmers across the world. With this new standard Mahindra novo is all set to change farming practices and advanced productivity & performance and thus the output leading to Farm Tech Prosperity.


Overall, among all the regions across the world, North American countries such as US and Mexico are too studious on farm mechanization covers cent percent of large sized agricultural lands which will help farm equipments to grow in future. Moreover, market growth pace is going to be high in contrast to other parts of the world. It is advisable for both small scale and large scale farm equipment industries to earn huge income, especially in these developing regions.


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