Global Agricultural Equipment Market by Product (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing, Spraying Equipment, Hay & Forage Equipment and Others (Seeding Equipment, Cutters, Shredders etc.)), By Engine Capacity(22 HP, 22.1 to 100 HP, 100 to 200 HP, 201 to 300 HP, 301 to 400 HP, Above 400 HP), By Crop(Grains, Oil Seeds, Fruit & Vegetables and Others), By Application(Post-harvest & Agro Processing, Land Development & Seed Bed Preparation, Plant Protection, Sowing & Planting, Harvesting & Threshing, Weed Cultivation and Others (Snow Removal Equipment & Material Handling Equipment etc.)), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

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Global agricultural equipment market likely to driving due to growing population base across developing countries and rising government initiatives.

Global agricultural equipment market size valued at USD 132.64 billion in 2019 and expected to grow at a CAGR of over 7.12 % during the forecast period, 2020–2027. It is primarily attributed to increasing mechanization across the globe and the growing adoption of advanced technologies in the agriculture industry. Moreover, the surge in disposable income around the world and growing demand for processed foods, packaged foods, high energy foods, and meats are projected to propel the growth of the global agricultural equipment industry. Additionally, the huge adoption of modern technologies by farmers to raise farm yield and meet the increasing demand for food across the globe will impact the robust growth of the agricultural equipment market.