Transparency Market
Research
Agriculture and Farm Machinery Market- Global
Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 – 2022
Published Date
2015-08-06
90 Page Report
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Global Agriculture and Farm Machinery Market to Expand at 8.7%
CAGR between 2015 and 2022
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Agriculture and Farm
Machinery Market
REPORT DESCRIPTION
Agriculture and Farm Machinery Market- Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 – 2022
The global agriculture and farm machinery market was worth US$144.10 billion in 2014. Growing
at an estimated CAGR of 8.7% from 2015 to 2022, the market will be valued at US$281.61 billion
by 2022. The primary reason for this high growth rate will be a growing demand for harvesting
machines and farm tractors due to the rapidly increasing global population. Harvesting
machinery today is used for a myriad of functions, including planting, harrowing, ploughing, and
tilling.
Browse the full Agriculture and Farm Machinery Market report at:
http://www.transparencymarketresearch.com/agriculture-forestry-machinery.html
Basic Machinery and Government Subsidies Boost Global Agriculture and Farm
Machinery Market
The global agriculture and farm machinery market in 2014 was dominated by the farm tractor
segment in terms of production. The segment held over one-third of the market. This was aided
by government subsidies provided for farmers for them to work more efficiently. The list of
functionalities a modern albeit basic unit such as a farm tractor provides still holds value for
most farmers. The list includes plowing, tilling, disking, harrowing, and planting. Other uses
include landscape maintenance, non-farm grading, and excavation activities. Within the...