The global market for agriculture equipment is estimated to reach $201.03 billion by 2019, according to a Markets and Markets report. The main factors driving the demand for agriculture equipment are the increase in global population, increase in the mechanization of farming equipment, and reduced labor availability.

The recent trends in the market show that in developing countries such as India and Brazil, the adoption of the agriculture equipment is increasing at a significant rate, Markets and Markets reported.

To view the full Markets and Markets report, click here.