Agriculture and Farm Machinery Market

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 global

agriculture and farm machinery market, other...