Agriculture Equipment market revenue will reach $279.5billion by 2024 Agriculture Equipment Market Forecast, 2016-2024 ( | Page 4

Tractor segment held more than 30% market of agriculture
equipment market and growing with a CAGR of 6.4%
throughout the forecast period
The tractor segment earned the highest revenue of nearly $58.03 billion
in 2016. This is because tractors are the majorly used machinery
equipment to push agricultural machinery or trailers that plow or harrow
fields. However, the harvester and soil preparation segment may witness
the high growth rates in the near future.