Industry News

Agriculture Equipment Market Size is projected to reach at USD 234 Billion by 2030, registering a CAGR of 7.1%, Owing to rising demand for High-Capaci

Views : 81
Update time : 2022-08-15 11:21:30

Acumen Research and Consulting recently published report titled “Agriculture Equipment Market Size, Share, Analysis Report and Region Forecast, 2022 - 2030”Agricultural machine,gearbox,agricultural gearbox,agricultural reducer,Lithium battery

BEIJING, Aug. 14, 2022 (GLOBE NEWSWIRE) -- The Global Agriculture Equipment Market Size Accounted for USD 128 Billion in 2021 and is predicted to be worth USD 234 Billion by 2030, with a CAGR of 7.1% during the forthcoming period from 2022 to 2030.Agricultural machine,gearbox,agricultural gearbox,agricultural reducer,Lithium battery

Agriculture is the backbone of today's economic system and plays a critical role in the life of an economy. Agriculture not only offers food and raw materials, but it also employs a significant chunk of the population. The increased mechanization of agricultural operations across the agricultural value chain, which includes harrowing, harvesting, planting, ploughing, and tilling, is predicted to boost demand for agriculture equipment, driving the global agriculture equipment market’s growth. Furthermore, the use of precision agriculture in the coming days will allow for increased sustainable development in farm operations, improving profitability and safeguarding natural resources. This is constrained to result in increased agricultural output, which is essential for feeding the growing global population, as well as enhanced food cultivation. This increase will undoubtedly boost demand for agricultural machinery and the growth of the agricultural equipment market.Agricultural machine,gearbox,agricultural gearbox,agricultural reducer,Lithium battery

Agriculture equipment is a kind of machine and equipment used to carry out various tasks associated with the agricultural process. Agriculture equipment allows for faster and more efficient operation while also reducing the expense of human labor. Tractors, farm machinery, splattering machinery, as well as crop process equipment, among many other types of machinery, are employed to accomplish a wide range of tasks. As the agricultural sector expands, so does the popularity of more effective agricultural equipment. Furthermore, it saves time since it boosts activity, reduces labor use, and lowers labor costs. Agriculture is the main source of food for people all over the world. But also, as the global population has increased rapidly, so have the needs of the growing population, putting strain on the food production chain. As a result, the demand for intensive farming instrumentation has expanded in order to achieve higher yield and quality in less time, propelling the global agriculture equipment market forward.Agricultural machine,gearbox,agricultural gearbox,agricultural reducer,Lithium battery

Related News
Read More >>
Amazon tie-up with Amp Energy to establish its first solar project in India Amazon tie-up with Amp Energy to establish its first solar project in India
Sep .28.2022
Amazon tie-up with Amp Energy to establish its first solar project in India
PDO plans new solar project with battery storage in North Oman PDO plans new solar project with battery storage in North Oman
Sep .20.2022
PDO plans new solar project with battery storage in North Oman
All About The Dual-Speed Motors All About The Dual-Speed Motors
Sep .16.2022
All About The Dual-Speed Motors
Nexamp completes 6.5-MW community solar project in Maine Nexamp completes 6.5-MW community solar project in Maine
Sep .16.2022
Nexamp completes 6.5-MW community solar project in Maine