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The global agromachinery market will reach $113,000 millions in 2025

It will grow at an annual rate of 4,2% from the $92,2 billion estimated for 2020 by the consulting firm Research and Markets.

In 2025 the agromachinery global market will reach a revenue of  $113,000 millions, with a annual growth rate of 4,2%.

The proyection belongs to the consulting firm Research and Markets. The main growth factor is attributed to government projects to mechanize agricultural tasks.

According to Research and Markets, agricultural equipmen sales are driven by subsidized loans and special financing lines.

The prediction also considers that agricultural machinery rental services will increase, due to the interest of producers in incorporating modern systems.

4×4 traction equipment will be the most active item in the tractor rental market until 2025.

For all machine segments, Asia and Australia are expected to become the largest markets in the coming years.

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