Agriculture Equipment Market by Product Type (Tractors, Combine Harvesters, Rotavators, Power, Tillers, Seed Drill, Thresher, Power Weeder, and Others) and by Geography - Global Trends and Forecast to 2025

  • Published On : Mar 2018 |
  • Pages : 169 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Agriculture Equipment Market - Insights

Global agriculture equipment market have generated the revenue of US$ 103,463.9 million in 2016 up from US$ 100,321.0 million in 2016. By 2025, the agriculture equipment market is expected to generate a revenue of US$ 136,527.1 million with a CAGR of 3.53% in the forecast period. According to Population Reference Bureau, the world wide total population was 7,536 million in 2017 and is projected to reach 8,563 million by 2030. Increasing population is propelling demand for food, which in turn accelerated the demand for equipment’s in agriculture industry to reduce production time, increase efficiency, and save cost.

Increasing government initiatives to support agricultural industry is driving market growth

Constantly increasing population is propelling demand for steady supply of food, which is major challenge for government of various economies. To overcome this challenge, government offers subsidiaries schemes and easy availability of advanced agricultural equipment at low cost. For instance, in India, Department of Agriculture, Cooperation and Farmers Welfare started Sub-Mission on Agricultural Mechanization schemes in 2014 to provide subsidiary to farmers on machinery.

The tractor segment held the dominant position in 2017

On the basis of product type, market is segmented into Tractors, Combine Harvesters, Rotavators, Power Tillers, Seed Drill, Thresher, Power Weeder, and Others. The tractor segment held the dominant position in the agriculture equipment market and is projected to retain its dominance throughout the forecast period. In 2017, the tractor segment generated the revenue of US$ 80,396.8 million and is expected to reach US$ 105,732.9 million by 2025 with a CAGR of 3.48%. The tractors are essential farming equipment’s used for various activities, both as standalone equipment and with other implements. Moreover, rising mechanization trend in agriculture is a major factor for the growth of segment in the agriculture equipment market.

Figure. Global Agriculture Equipment Market Share, by Region, 2017, US$ Million.

Agriculture Equipment Market

SOURCE: COHERENT MARKET INSIGHTS (2018)

North America held the dominant position in Agriculture Equipment market in 2017

On the basis of geography, the Agriculture equipment market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The North America region held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, the North America generated the revenue of US$ 37200.0 million and is expected to reach US$ 48774.5 million by 2025 with a CAGR of 3.44%. The U.S. and Canada are major economies driving the growth of agriculture equipment market in this region. The availability of advance machines with better fuel efficiency and advanced features have encouraged farmers to purchase the new machinery for agriculture. Furthermore, the government support by implementing various program and scheme is also one of the major factor for the growth of agriculture equipment market in this region. For instance, the Canada government stared Canadian Agricultural Loans Act program is a federal loan guarantee program, which is designed to increase the lean availability for the development and improvement of farmers.

Key Players- Global Agriculture Equipment Market.

The major players operating in the global agriculture equipment market include AGCO Corporation, Agrostroj Pelhrimov A.s, China National Machinery Industry Corporation, Concern Tractor Plants, Deere & Company, Escorts Limited, Mahindra Group, Same Deutz-Fahr Group (SDF), Valmont Industries Incorporated, and Weifang Euroking Machinery

The scope of the study of agriculture equipment market deals with the manufacturing and supply of agriculture machinery or equipment across the globe. The agriculture equipment include variety of products such as power tools, tractors, drills, and others. The industrial revolution and the development of heavy & complex machineries for the farming activities has modified the traditional farming trends since last few years. The market for agriculture equipment in emerging economies is expected to witness considerable growth during the forecast period, owing to rapidly growing population, which leads to higher demand for food.

Market Dynamics

The global agriculture equipment market size is expected to increase at the moderate rate during the forecast period. This growth is majorly attributed to high technology adoption in machinery development, rising costs of farm labors, and inclination of focus among farmers towards high productivity. Furthermore, availability of wide range of products launched by key vendors in the market such as harvesters, planters, drills, pumps, and others has given farmers an edge to choose and implement advanced machineries in farming. Furthermore, emergence of concepts such as precision farming or satellite farming, which helps farmers to observe, analyze, and respond to intra- and inter-field variability in crops has further fueled the demand for agriculture equipment. However, lack of awareness about the technological advancements in the industry and high-costs of heavy equipment is expected to hinder the growth of agriculture equipment, especially in the emerging economies.

Key features of the study:

  • This report provides in-depth analysis of agriculture equipment market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global agriculture equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, agriculture equipment market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include AGCO Corporation, Agrostroj Pelhrimov A.s., China National Machinery Industry Corporation, Concern Tractor Plant, Deere & Company, Escorts Limited, Mahindra Group, Same Deutz-Fahr Group (SDF), Valmont Industries Incorporated, and Weifang Euroking Machinery.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global agriculture equipment market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global agriculture equipment market

Detailed Segmentation:

  • Global Agriculture equipment Market, By Product Type:
    • Tractors
    • Combine Harvesters
    • Rotavators
    • Power Tillers
    • Seed Drill
    • Thresher
    • Power Weeder
    • Others
  • Global Agriculture equipment Market, By Geography:
    • North America
      • By Product Type:
        • Tractors
        • Combine Harvesters
        • Rotavators
        • Power Tillers
        • Seed Drill
        • Thresher
        • Power Weeder
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type:
        • Tractors
        • Combine Harvesters
        • Rotavators
        • Power Tillers
        • Seed Drill
        • Thresher
        • Power Weeder
        • Others
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Tractors
        • Combine Harvesters
        • Rotavators
        • Power Tillers
        • Seed Drill
        • Thresher
        • Power Weeder
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Product Type:
        • Tractors
        • Combine Harvesters
        • Rotavators
        • Power Tillers
        • Seed Drill
        • Thresher
        • Power Weeder
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Product Type:
        • Tractors
        • Combine Harvesters
        • Rotavators
        • Power Tillers
        • Seed Drill
        • Thresher
        • Power Weeder
        • Others
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Tractors
        • Combine Harvesters
        • Rotavators
        • Power Tillers
        • Seed Drill
        • Thresher
        • Power Weeder
        • Others
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • AGCO Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • Agrostroj Pelhrimov A.s.
    • China National Machinery Industry Corporation.
    • Concern Tractor Plants.
    • Deere & Company
    • Escorts Limited
    • Mahindra Group
    • Same Deutz-Fahr Group (SDF)
    • Valmont Industries Incorporated
    • Weifang Euroking Machinery

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product Type
      • Market Snippet By End-User
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trends
    • Value Chain Analysis
    • Merger and Acquisitions
    • New Product Approvals/Launch
    • Porter’s Analysis
    • PEST Analysis
  4. Global Agriculture Equipment Market, By Product Type, 2015 – 2025 (US$ Million)
    •  Introduction
      • Market Share Analysis, 2017 and 2025 (%)
      • Segment Trends
    • Tractors
      •  Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Combine Harvesters
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Rotavators
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Power Tillers
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Seed Drill
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Thresher
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Power Weeder
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2017 - 2025, (US$ Million)
  1. Global Agriculture Equipment Market, By Geography, 2015 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2025 (%)
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Germany
        • U.K.
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
        • Introduction
        • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
        • Market Share Analysis, By Country, 2017 and 2025 (%)
          • China
          • India
          • Japan
          • ASEAN
          • Australia
          • South Korea
          • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, By Product Type, 2017 - 2025 (US$ Million)
      • Market Share Analysis, By Country, 2017 and 2025 (%)
        • Northern Africa
        • Central Africa
        • South Africa
  1. Competitive Landscape
    • Company Profiles
      • AGCO Corporation
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Agrostroj Pelhrimov A.s
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • China National Machinery Industry Corporation
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Concern Tractor Plants
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Deere & Company
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Escorts Limited
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Mahindra Group
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Same Deutz-Fahr Group (SDF)
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Valmont Industries Incorporated.
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
      • Weifang Euroking Machinery
        • Company Highlights
        • Key Developments
        • Product Portfolio
        • Market Presence
        • Marketing and Promotional Activities
        • Strategic Presence
    • Analyst Views
  2. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
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