Global Farm Equipment and Irrigation Market

Farm Mechanization (Equipment) and Irrigation are the main components that can meet the growing food demand across the world. Irrigation and farm equipment used in agricultural crop production helps in the effective utilization of agri-inputs to increase the productivity of land and labor. The increasing investments in the agriculture sector, increasing geriatric population and, increase in the demand for food and agriculture products, rise in concerns of water scarcity have led to the adoption of Farm Equipment and Irrigation. Areas of water scarcity regions are irrigated through drip irrigation which results in less water consumption. For Instance: In India as per the department of agriculture the world’s biggest automated single drip irrigation project in the Bagalkot district built at USD $ 52 million, the project will provide irrigation services to 24,000 hectares (60,000 acres) of drought-hit Hungund in the Ramthal Marola area and in Australia total package is USD $ 52.69 million over three years as per Department of Agriculture, Water and the Environment they will receive $29.761 million over two years and Austrade $42.924 million over three years under the Agriculture. However, high costs of the equipment impede the growth of the market over the forecast period of 2020-2027. Also, government support with farm loan waivers/credit finance, the adoption & demand for Farm Equipment and Irrigation is likely to increase the market growth during the forecast period.

Global Farm Equipment and Irrigation Market is valued at approximately USD 92.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4 % over the forecast period 2021-2027 and is estimated to reach USD 121.33 billion by 2027.

Global Farm Equipment and Irrigation Market are segmented on the basis of geographical reason as the Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to adoption and awareness of the latest farm Equipment, Precision agriculture. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, increasing demand for food with a rising population would create a strong affinity for growth prospects for the Farm Equipment and Irrigation Market across the Asia-Pacific region.

Major market players included in this report are John Deere, Cnh Industrial, Mahindra & Mahindra, Agco Corporation, Kubota Corporation, Claas Kgaa, Iseki & Co., Jcb, Sdf Group, and Yanmar

The detailed segments and sub-segment of the market are explained below:
By Equipment Type: Cereal Combines, Non-Cereal Combines, Balers, Sprayers
By Function: Plowing & Cultivating, Sowing & Planting, Plant Protection & Fertilizing, Harvesting & Threshing, Other Implements

To review the mentioned reports, visit us at

Data drives better decisions
Bizwit Research & Consulting LLP