As per the report published by the e-Sherpa Market Research, the global Agriculture and Farm Equipment market was at USD 132.7 billion in 2017. And it was estimated to grow as per the CAGR of 8.8% till the year 2026. To call it in figures, Agriculture and Farm Equipment market is expected to rise to USD 272.1 billion by 2026. The year 2017 stood hit for the farm tractors sector revenue in the global market. The prophecy was made during this period, that the Asia-Pacific market will be leading the market on the global scale in the Agriculture and Farm Equipment sector. These are the processes for which the advance machinery is used, Pollution control, Water conservation, Irrigation, Drainage, Cultivation of the soil, Pest control, Sowing & planting, Harvesting, Storage of crops, Transportation, Premarketing processing, Compost delivery & application, etc. It is the utmost priority if innovation and technology to make a contribution in the agriculture sector too. While meeting the exponentially increasing high demands for food, maintaining the quality of the product and at the same time, the increased productivity is a tremendous task to look into in terms of feeding the population. The categories in which we have the agriculture and farm equipment divided are :
- Seeding and fertilizing machines.
- Farm tractors.
- Irrigation and haying equipment.
- Harvesting machinery.
- Ploughing equipment.