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Market Overview The rising population has increased the demand for agricultural products which has furthered the demand for agricultural equipment around the globe. Moreover, the encouragement to adopt advanced agricultural equipment by the government authorities is anticipated to foster the expansion of the global agricultural equipment market with a CAGR of around 8.4% over the time period of 2017-2024. The global agricultural equipment market accounted for USD 178.3 Billion during 2016 and is predicted to reach USD 332.9 Billion by the end of 2024 which can be attributed to growing agricultural and farming activities on the back of growing population around the globe. Growth Highlights based upon Regional Platform during 2016-2024 The global agricultural equipment market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa, out of which, the Asia-Pacific agricultural equipment market held a dominant market share during 2016 and is further predicted to dominate the overall agricultural equipment market by expanding at a highest CAGR during 2017-2024. The tractors and combine harvesters are the largest growing segments in Asia-Pacific region, where combine harvesters agriculture equipment segment is estimated to observe a growth rate of 2.3x over the forecast period.

North America Cannabis Market Value Over USD 3.5 Billion and anticipated to grow at CAGR 33% During Forecast Period 2015 to 2021