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karls scott @go_65e6e7b4cc973
Agriculture Equipment Industry Data Book - Agriculture Tractors & Tractors Implements, Agriculture Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030

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The agriculture equipment industry was valued at USD 286.03 billion in 2022 and is expected to register a growth of 6.2% throughout the forecast period. The anticipated growth of the market is supported by factors such as growing demand for products worldwide coupled with changes in farming practices, integration technologies such as telematics, framing as a service, and software to monitor the growth & temperature of the plants is expected to propel the market growth.

Additionally, the technical evolution of farming vehicles such as tractors is leading to the practice of precision farming Information and technology-based farm management, which recognizes, evaluates, and coordinates agricultural production activities, is a component of precision farming. Additionally, the use of precision farming promotes profitability, sustainability, and the preservation of land resources. For efficient and improved output, the agricultural equipment industry is embracing technologies like, positioning systems such as GNSS and GPS, integrated electronic communications, spatial-mapping, automated steering systems, use of sensors such as LIDAR, radar and cameras, and variable rate technology (VRT).

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6 months ago

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