Global Farm Equipment Market 2015 Industry Research, Share, Size, Growth, Analysis to 2022
The Global Farm Equipment Market is valued at $145 billion in 2014 and is expected to grow at a CAGR of 9.6% to reach $302 billion by 2022. Some of the key drivers of the market include population growth, increase in the demand for food production and need for the mechanization of the farming. However, factors such as increasing subsidies provided by government to purchase farm equipment and support farming practices for improved quality crops inhibit the market growth.
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