Farm Equipment Industry Size, Share & Trends [2028]
The global farm equipment industry is projected to grow from USD 107.7 Billion in 2023 to USD 136.3 Billion by 2028, at a CAGR of 4.8% during the forecast period. Governments authorities across the different countries are launching incentives schemes to increase the sales of farm equipment and increase the farm mechanization. Combine harvesters and tractors are having high and most of the farmers...
Electric Tractor Market Size, Share, Trends, Demand and Forecast 2030
The Electric Tractor market is projected to grow from USD 0.7 billion in 2024 to USD 3.4 billion by 2030, at a CAGR of 28.3%. The key factors driving the electric tractor market are advancement in battery technology, stringent emission norms, precision agriculture, and incentives on electric tractors are driving the electric tractor market.
Growing stringent emission regulations
The stringent...