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Agricultural Implement Market 2020 : Competitive Dynamics And Global Outlook 2023

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Updated on Oct 13, 2020

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The global agricultural implement market is expected to decline from $239.3 billion in 2019 to $228.5 billion in 2020 at a compound annual growth rate (CAGR) of -4.6%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $274.3 billion in 2023.
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