Report ID: UCMIG20H2020
Report ID:
UCMIG20H2020 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global farming as a service market experienced significant growth, with a valuation of USD 3,623.2 million in 2022. Forecasts indicate a promising future for the industry, as it is projected to expand at a compound annual growth rate (CAGR) of 14.8% between 2023 and 2030. This growth can be attributed to several factors, including advancements in agricultural technologies, increasing demand for sustainable farming practices, and the need for efficient and cost-effective farming solutions. The adoption of farming as a service models offers benefits such as reduced capital investments, access to specialized expertise, and improved productivity, which are driving the market's expansion.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural & Farm Machinery by segment aggregation, the contribution of the Agricultural & Farm Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20H2020