Global farm equipment market to reach $150 million by 2024, report
Global farm equipment market to reach $150 million by 2024, report
“The global farm equipment market is expected to reach $150 million by 2024 from $128 million in 2018 growing at a compound annual growth rate of 2.59 per cent according to a new report dubbed The “Global Farm Equipment Market – Forecasts from 2019 to 2024” by Research and Markets.”
Fertilizer processing plant is used in the granular fertilizer production, these equipment help in reducing the dependency on labor, improving crop quality, and reducing the time for agricultural work. More and more enterprises are aware of plant full-automation and intelligent operating. Eg, they begin to control the whole fertilizer production line by computer, and the machine was designed with less labor but high efficient.
The increasing automation in the field of modern agriculture and farming along with the support from various governments is driving the market for farm equipment. Take Chinese government as example, in fact, they encourage farmers to use equipment when farming, sometimes, farmers always get government subsides directly.
Additionally, the scarcity of skilled labor in the agriculture and farming sector is also supporting the market demand. Furthermore, the increasing research and development for technological advancement in the farm equipment are also augmenting the market growth to continue in the forecasted period. When it comes to Africa youngers, I remind a news which demonstrate the fact.
Conclusion:
Beidou Company offers a full line of blending equipment. We can suit nearly any blending application, and build equipment for any environment. Our equipment is engineered specifically for the rigors of the fertilizer industry and designed with a long service life in mind.
Pls find out the machine operating site by following my Youtube address .
This article is contributed by Beidou Overseas Business Department. Welcome to forward.
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The previous blog is ” Biggest Fertilizer Machine Companies in Asia ?”