Global agricultural equipment demand to rise 6.7% annually to 2016
According to the report 'World Agricultural Equipment: Forecasts for 2016 & 2021 in 20 countries' world demand for agricultural equipment is expected to increase 6.7% per year through 2016 to $173.5 billion. Growth will be driven primarily by sales gains in rapidly developing nations as these countries continue to mechanise their agricultural sectors. Population expansion and strong economic growth in these nations will put increasing pressure on their agricultural sectors to become more efficient and productive, resulting in a