Share this article
Share this article
ResearchAndMarkets.com s offering.
The Global Agriculture Equipment market has been impacted significantly by the outbreak of COVID-19 in early 2020 marked by production and supply chain disruptions and anemic market demand amid the global macroeconomic challenges & uncertainty.
The industry, however, remains focused on restructuring to optimize the cost & production base aligned with prevailing market scenario while continuing to focus on long term trends & growth opportunities. The net farm income in the U.S. is projected to grow by 43% year on year for 2020 to reach $119 billion despite the disruptions & fallout from the outbreak of COVID-19 pandemic and is projected to be heading towards the peak levels of 2013 once again following four consecutive years of steady improvements & increases. For 2021, the agricultural equipment sales are projected to grow by 5%+ across North America, Europe and South America while the sales in Asia are pro