Global Agricultural Equipment Market

Global Agricultural
Equipment Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 – 2025
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Agricultural Equipment Market: Overview
Agricultural equipment consist of various farm field and farmstead machinery used for crop
cultivation and production of agricultural livestock. Agricultural equipment reduces human effort
and provides ease of operation in various farming activities such as soil cultivation, planting,
fertilizers & pest control activities, irrigation, produce sorting, harvesting, hay making, milking,
animal feeding and others. The use of agricultural equipment in farming delivers improved
harvest quality within reduced period of time. The expansion of population around the globe,
especially in developing countries portrays a positive picture for the agricultural equipment
market in the near future, as increased population will lead to increased demand for food, which
in turn raises farm income. The agricultural equipment market is increasing due to continuous
focus of manufacturers on providing technically advanced solutions such as advanced farming
equipment needed for precision farming. Increasing technology in agriculture equipment market
reduce the overall farming cost. Further, improvement in economic condition in near future
tends to increase investment in agricultural equipment market. In case of mature markets, farms
tends to be large, requiring mechanization and thus implementing agricultural equipment to
carry out various farming activities.
Agricultural Equipment Market: Drivers and Restraints
Agricultural equipment market is driven by increasing global economic conditions, rising farm
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Description
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income, and increasing per-capita calorie consumption. Growth of the agricultural equipment
market is also driven by the technological advancements in agricultural equipment. For mature
markets that are already a major user of agricultural equipment, the replacement demand for
old equipment with the technologically advanced ones, drives the agricultural equipment
market. Further, reduced availability of labour also leads to increased mechanisation in farms
and thus drive agricultural equipment market.
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High cost of equipment act as restraint to the agricultural equipment market. In developing
economies, the decreasing land area due to growing urbanization and industrialization also
tends to negatively affect the agriculture equipment market.
Agricultural Equipment Market: Segmentation
Agricultural equipment consists of various equipment such as ploughs, levellers, dozers, seed
drills, tiller, sprayer, digger, reaper, Sheller, sickle, cleaner, grader, mill, and dryer.
The agricultural equipment market is segmented by product type
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By Product type
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Farm tractors
Land development, tillage and seed bed preparation equipment
Sowing and planting equipment
Cultivation, weeding and plant protection equipment
Harvesting and threshing
Post-harvest and agro processing
Others
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Agricultural Equipment Market: Regional outlook
Asia pacific is the most prominent region and account for the largest share in the agricultural
equipment market. China and India are the primary region fuelling the market market for
agricultural equipment in the region with large portion of the region engaged in agriculture. Also
the two counties have growing large population and increased demand for food. Latin America
is another significant market after Asia Pacific, powered by agricultural growth and increasingly
mechanized agriculture sector in countries such as Brazil and Argentina.
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North America and Europe are among the mature market in the agricultural equipment market,
with U.S. among one of the major exporters of the agricultural equipment in the global market.
Agricultural Equipment Market: Key Players
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Deere & Company
CNH Global NV
AGCO Corporation
CLAAS KGaA mbH
SAME DEUTZ-FAHR
Kubota Corporation
Escorts Limited
Daedong Industrial Co., LTD.
Caterpillar Inc
China National Machinery Industry Corporation
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