Agriculture and farm machineries are the tools and machinery used by farmers in agricultural farmlands to boost crop output. Agriculture and farm machinery include tractors, harvesting machines, plowers, and cultivators, among other things, and are used for a variety of tasks such as plowing, tilling, harvesting, and disking. Agriculture's rising technology has alleviated a variety of difficulties related to farming, such as labor shortages and time and energy waste. Technological advances in tractor design to boost production efficiency are projected to fuel demand for agricultural tractors in the field. Some advances in tractor production include the addition of GPS tracking devices and telemetry to track the exact location of tractors in farmlands.
Technological developments, increased demand for modern agricultural gear, and increasing mechanization of farming activities are key drivers driving the agriculture and farm machinery market. Furthermore, rising global food demand is a major element driving worldwide demand for agriculture and farm gear. This rising food demand is a result of the world's growing population, which in turn raises food consumption. Furthermore, the higher per capita income of farmers in both developed and emerging nations is expected to improve worldwide sales of agricultural machinery.
The Global Agriculture and Farm Machinery Market are divided into product and region segments. Farm tractors, harvesting machinery, plowing and cultivation machinery, planting and fertilizer machinery, haying machinery, other agriculture equipment, and components and accessories are the product types that make up the agriculture and farm machinery market. For each of these segments, the market size and projection in terms of revenue (US$ Bn) have been presented for the period 2013 to 2022, using 2013 and 2014 as the base years. The research also includes the compounded annual growth rate (CAGR) for each market category from 2015 to 2022. The agricultural and farm machinery market has been classified into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa (MEA), and Latin America.