According to a new report, the global farm equipment market is poised to grow at a CAGR of roughly 10.2% over the next decade to reach approximately $368 billion by 2025.

Some of the prominent trends that the market is witnessing include increasing demand for food owing to rising population, favorable government policies on agricultural machinery and rising adoption of precision farming.

Based on equipment type, the market is categorized into fertilizing and plant protection equipment, irrigation equipment, planting equipment, tillage equipment, tractors, harvesting equipment, crop processing equipment, hay and forage equipment and other types.

Further, irrigation equipment is segmented by drip irrigation equipment, sprinkler irrigation equipment. Tillage equipment segment divided into power tiller, rotavator and zero till seed drill. Harvesting equipment segment segregated into combine harvesters, threshers and other harvesting equipments. The other types segment is categorized into laser land leveler, multi crop planter, power spray, power weeder, rice transplanter, self-propelled vertical conveyer reaper and parts and attachment.

By process, the market is segmented by harvesting and threshing, land development, tillage, seed bed preparation, plant protection, post-harvest and agro processing, sowing and planting and weed inter cultivation.

On basis of end user, the market is segmented by farmers, R&D in agriculture and home grown food industries.