Market Size Of Farm Mechanization In 2022
In the farm Mechanization Market” study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, and primary and secondary data.
The worldwide “Farm Mechanization Market” is growing at a rapid rate. The report contains an analysis of companies John Deere, Mahindra, TAFE, International Tractors, AGCO, Beri Udyog, CLAAS, CNH Industrial, Daedong Industrial, Escorts Group, Fatal Lovol, Kubota Tractors, KUHN Group, Lemken India, McCormick, Pottinger, SDF Group with Report.
Farm mechanization automates the agricultural process by utilizing agricultural machinery with the aim to increase the productivity and profitability of farmworkers. This mechanized farming technique helps the farmers to gain accuracy in farm operations, delivers precision in metering and placement of inputs, lowers the available input losses, enhances the utilization efficiency of expensive inputs such as seed, chemical, fertilizer, irrigation, and water, and reduces the unit cost of the total produce. Farm mechanization also aids in the conservation of the agricultural produce and by-products from quantitative and qualitative damages, enabling the establishment of agro-processing enterprises for additional income, and employment generation from farm produce.
Market Analysis and Insights
The global Farm Mechanization market size is projected to reach USD million by 2028, from USD million in 2021, at a CAGR of % during 2022-2028.
The tractor segment is one of the highest revenue-generating sectors in the farm mechanization market. Factors such as the increasing rate of farm mechanization and the low availability of manual labor are likely to boost this segment’s growth in the future. Moreover, the growth of the rural sector supported by government subsidies for food, fertilizers, agricultural equipment, and programs to waive farm loans have helped the tractor market in India grow robustly.
Global Farm Mechanization Scope and Market Size
The Farm Mechanization market is segmented by players, region (country), Type, and by Application. Players, stakeholders, and other participants in the global Farm Mechanization market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.