Global Agricultural Equipment Finance Market 2016-2020

  • ID: 3704602
  • Report
  • Region: Global
  • 58 pages
  • TechNavio
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FEATURED COMPANIES

  • Banc of America
  • BNP Paribas SA
  • Deere & Co.
  • JP Morgan & Chase Co.
  • KeyCorp
  • Wells Fargo & Co
  • MORE
About Agricultural Equipment Finance

Equipment financing refers to the credit, including leasing, government loans, and other small business administration loans, which are disbursed to different businesses in the automotive, construction, agriculture, and other industries. It also includes sale and leaseback, which help individual customers raise cash for equipment purchase by selling off collateralized existing equipment.

The interest rate on the credit depends on whether a customer has opted for equipment loan or lease, but the maturity term depends on the equipment's life. In case of loan, once the credit is repaid, the instrument or machine belongs to the buyer. If it is leased, then the funder or the financial institution is the owner of the equipment, but the buyer can use it during the lease period. The analysts forecast the global agriculture equipment finance market to grow at a CAGR of 3.61% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global agricultural equipment finance market for 2016-2020. To calculate the market size, the report considers total financing of agricultural equipment offered to the end-users in the Americas, APAC, and EMEA.

The report, Global Agricultural Equipment Finance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

- Agricultural Bank of China Ltd.
- BNP Paribas SA
- JP Morgan & Chase Co.
- Deere & Co.
- Wells Fargo & Co.

Other prominent vendors

- KeyCorp
- PNC Financial Services Group
- Banc of America

Market drivers

- Rise in use of rental equipment

Market challenges

- Lack of trained workers in agriculture

Market trends

- Increased dominance of banking institutions

Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Banc of America
  • BNP Paribas SA
  • Deere & Co.
  • JP Morgan & Chase Co.
  • KeyCorp
  • Wells Fargo & Co
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
  • Other prominent vendors
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • About agriculture equipment finance
  • Advantages and disadvantages of equipment finance
  • Equipment offered on credit
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Geographical segmentation
  • Geographical segmentation 2015
  • Geographical segmentation 2020
  • APAC
  • Americas
  • EMEA
PART 07: Market drivers
  • Growth of investments in agricultural sector
  • Rise in use of rental equipment
Replacement of outdated agricultural equipment
Stability in federal budgeting to drive growth in the US
Different finance mechanisms
Renewal of equipment contracts

PART 08: Impact of drivers

PART 09: Market challenges
Sluggish economic growth
Lack of trained workers in agriculture
Fluctuations in agricultural equipment market
Costlier bank lending rates
Less-developed equipment finance market
  • Lack of collateral
PART 10: Impact of drivers and challenges

PART 11: Market trends
  • Increased dominance of banking institutions
  • Movement of assets through asset-based lending
  • Farmers' special financing program in the US
PART 12: Vendor landscape
  • Competitive landscape
  • Competition analysis
PART 13: Appendix
  • List of abbreviations
PART 14: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Other prominent vendors
Exhibit 03: Advantages and disadvantages of equipment finance
Exhibit 04: Types of agricultural equipment offered by financiers on credit
Exhibit 05: Equipment financing versus leasing
Exhibit 06: Types of equipment financing
Exhibit 07: Global agriculture equipment finance market 2015-2020 ($ billions)
Exhibit 08: Five forces analysis
Exhibit 09: Geographical segmentation 2015
Exhibit 10: Geographical segmentation 2020
Exhibit 11: Agriculture equipment finance in APAC 2015-2020 ($ billions)
Exhibit 12: Level of mechanization in different countries (2015)
Exhibit 13: Different financing mode 2015-2020 in APAC
Exhibit 14: Agriculture equipment finance market in the Americas 2015-2020 ($ billions)
Exhibit 15: Agriculture equipment finance market in EMEA 2015-2020 ($ billions)
Exhibit 16: Impact of drivers
Exhibit 17: Agricultural employment as a share of total employment (%) 2015
Exhibit 18: Impact of drivers and challenges
Exhibit 19: Farm loan information in the Americas
Exhibit 20: Financials of Agricultural Bank of China 2015
Exhibit 21: Solutions offered in domestic market
Exhibit 22: Financials of BNP Paribas 2015
Exhibit 23: Financials of chase equipment finance 2015
Exhibit 24: Financials of John Deere 2015
Exhibit 25: Financials of Wells Fargo 2015
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FEATURED COMPANIES

  • Banc of America
  • BNP Paribas SA
  • Deere & Co.
  • JP Morgan & Chase Co.
  • KeyCorp
  • Wells Fargo & Co
  • MORE
New Report Released: - Global Agricultural Equipment Finance Market 2016-2020

The author of the report recognizes the following companies as the key players in the Global Agricultural Equipment Finance Market: Agricultural Bank of China Ltd., BNP Paribas SA, JP Morgan & Chase Co., Deere & Co., and Wells Fargo & Co.

Other Prominent Vendors in the market are: KeyCorp, PNC Financial Services Group, and Banc of America.

Commenting on the report, an analyst from the research team said: “Banks are currently dominating the agricultural equipment finance market. The credibility that comes with banks has made it a preferred choice of finance for the majority of the loan-seeking individual customers. Banks are highly regulated, and therefore, become a reliable choice for customers. Since the credit market is still recovering from economic slump of 2008, we expect the interest rates to be low during the forecast period. The fall in the interest rate adds to the weightage given to banks for being a potential financer; low interest rate attracts more small farmers in particular as it helps them hold on to their cash balances and exhibit growth to investors.”

According to the report, renting an equipment is a cost effective option for farmers as it enables them to use the latest machinery without incurring huge expenses. The growing number of rental dealers is encouraging financing companies to fund well-maintained quality equipment. These factors have propelled the expansion of the renting business.

Further, the report states that shortage of skilled workers in agricultural firms is one of the biggest challenge faced by the agriculture industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Agricultural Bank of China Ltd.
- BNP Paribas SA
- JP Morgan & Chase Co.
- Deere & Co.
- Wells Fargo & Co
- KeyCorp
- PNC Financial Services Group
- Banc of America
Note: Product cover images may vary from those shown
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