Agriculture Equipment market revenue will reach $279.5billion by 2024 Agriculture Equipment Market Forecast, 2016-2024 ( | Page 3

Asia Pacific agriculture equipment generated the highest
revenue in 2016
The global agriculture equipment market was led by the Asia pacific
region, generating a revenue of $69 billion, the highest growth we Asia
Pacific region having a CAGR of 8.4% over the forecast period. This is
because of the increasing population in the region and boom of
automated harvesting equipment in countries like India and China.
Agriculture equipment market is flourishing in the region as a result of
increasing use of advanced farming equipment for more effective,
reliable and time-saving production.