The UN Food and Agriculture Organization (FAO) postulates that AI in agriculture is encompassing three major areas of predictive analytics, soil and crop monitoring, and agriculture robotics.
The base year considered in the agriculture equipment market is 2019.
Agriculture and Forestry Equipment Market by Product Type (Forest & agriculture tractors, Harvesters, Agriculture spraying machines, Soil preparation & cultivation machines, Milking & poultry machines, Haymaking machines, Other forest & agriculture equipment) - Global Opportunity Analysis and Industry Forecast, 2020-2027 Adoption of modern technologies by farmers to increase farm yield and meet the soaring demand for food is expected to be a key factor driving the market Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Agricultural operations are increasingly becoming automated due to the increasing application of smart technologies such as Artificial Intelligence (AI). The global agriculture equipment market is set to record a CAGR of nearly 8.7% over the forecast period. 3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, 2015Published in Dec A. Industry News; Agriculture; Global Agricultural Equipment Market to Reach $131.6 Billion by 2024. Although the industry is essential to the economic health and viability of the United States, Canada and other countries around the world, it is experiencing significant challenges in areas such as resource depletion, food waste and land management, as well as demographic and political changes.These days, companies that produce and distribute agricultural equipment need a staunch advocate to protect and promote their interests. However, this too shall pass. Agriculture And Farm Equipment/Machinery Industry. All these factors will drive the growth of the agriculture equipment market over the forecast timespan.Furthermore, there is a spectrum of applications of equipment in the farming sector with seed getting planted by robots after determining the climatic conditions, crops are irrigated as per requirement & precision, cattle get fed, pests killed, and fruits harvested, arranged, packed, and delivered as per order.
Pandemic disrupted the entire world and affected many industries.The global agriculture equipment market size is expected to reach $166,491.6 million in 2027, from $105,000.0 million in 2019, growing at a CAGR of 6.0% from 2020 to 2027. The product is designed to assist in overcoming challenging planting conditions.