Bharat Book Bureau Provides the Trending Market Research Report on “Farm Equipment Market by Tractor Power Output (250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027” under the Automotive Market Research Report Category. The global Farm Equipment Market is projected to grow from USD 99. However, in 2020, factors like COVID-19, limited supply of farm equipment parts, drop in the first half of new tractor sales, the shutdown of production facilities, and a decline in working capital, resulted in the decline in global farm equipment production. The implementation of farm loan waiver schemes encourages farmers to buy farm equipment. Thus, these incentives schemes for purchasing farm equipment from the OEMs are expected to increase the production and sales of farm equipment during the forecast period.