Tag Archives: Agricultural Equipment Market

Agricultural Equipment Market to hit USD 332.9 Billion & Government Initiatives to boost the agriculture sector

Riding on the back of increasing advancements in the agricultural sector, the ****** agricultural equipment market with its immense potential is poised to grow significantly and generate revenue to the tune of USD 332.90 billion by the end of 2024. The market is anticipated to expand by a CAGR of around 8.4% over the forecast period i.e. 2017-2024. This growth is attributed to rising ****** population and increasing demand for agricultural products that is further putting pressure on the agricultural sector to increase the availability of agricultural equipment in the market.

****** Agricultural Equipment Market is projected to reach at a USD 212.5 Billion by 2023

The agricultural market is one of the fastest growing markets because of the increasing expenditure on farming. According to the KD market Insights, the market is assumed to attain CAGR of 6.2% during the predicted period of 6 years i.e. 2018-2023. It is anticipated that market value will reach up to USD 212.5 Billion by end of 2023. The market is driven by factors such as rise in farming spending and encouragement by government to adopt advanced agricultural equipment. In the terms of regional platform, Asia Pacific accounted for highest market share in overall agricultural equipment market in 2017.

India Agricultural Equipment Market & Future Trend 2023

Bharat Book Bureau Provides the Trending Market Research Report on “Indian Agricultural Equipment Market” under Agriculture category. The Indian Agricultural Equipment Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.