Agriculture equipment market

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

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Mar 2018
CMI1453
169 Pages
Excel & Pdf
Industrial Automation and Machinery

Summary

Global Agriculture Equipment Market - Insights

Global agriculture equipment market have generated the revenue of US$ 103,463.9 million in 2017 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.

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

Table of Content

Table of Contents

Research Objectives and assumption
- Research Objectives
- Assumptions
- Abbreviations
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)
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
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)

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
- Asia Pacific
- 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

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
Section
- References
- Research Methodology
- About us and Sales Contact

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- Frequently Asked Questions -

What are the growth estimates for agriculture equipment market till 2025?

The global agriculture equipment market is estimated to surpass US$ 136,527.1 Million by 2025.

Which are the prominent agriculture equipment market players across the globe?

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.

Which segment based on product type, accounted for the highest demand in the agriculture equipment market?

Among product type, power weeder segment is expected to exhibit highest CAGR of 4.20% over the forecast period.

What are the key factors driving growth of the agriculture equipment market?

Increasing government initiatives to support agricultural industry is one of the major factors that is expected to propel growth of the market over the forecast period.

What is the Compound Annual Growth Rate (CAGR) of the agriculture equipment market for next 8 years?

The global agriculture equipment market is estimated to exhibit a CAGR of 3.53% over the forecast period.

Which region held the largest market share in the agriculture equipment market?

Among regions, North America held dominant position in the market in 2017 and is estimated to retain its dominance throughout the forecast period.