
The increasing use of farm tractors is expected to ensure the productivity and profitability in agricultural sector. (Image source: Phil Parker/Flickr)
In a recent market research report, MarketsandMarkets predicts that the global agriculture equipment market is projected to grow at a CAGR of 5.31 per cent from 2017 to 2022, thereby reaching a market size worth US$139.41bn by 2022