Farm Equipment Market Size Study, By Type, Application, And Regional Forecasts 2027

December 6, 2022 ⚊ 1 Min read ⚊ Views 69 ⚊ NEWS

The Farm Equipment Market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. There has been a significant increase in farm equipment production over the years. However, in 2020, factors like COVID-19, limited supply of farm equipment parts, drop in the first half of new tractor sales, the shutdown of production facilities, and a decline in working capital, resulted in the decline in farm equipment production.

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