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Agriculture Equipment Market by Type, Automation and Business and Aftersales): Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118740
  • Report
  • April 2020
  • Region: Global
  • 279 pages
  • Allied Analytics LLP

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FEATURED COMPANIES

  • AGCO Corporation
  • AGROSTROJ Pelhrimov a.s.
  • CNH Industrial N.V.
  • Deere & Company
  • Escorts Limited
  • Kubota Corporation
  • MORE
The global agriculture equipment market size is expected to reach $166,491.6 million in 2027, from $105,000.0 million in 2019, growing at a CAGR of 6.0% from 2020 to 2027. Agricultural equipment assist in various agricultural operations to obtain high crop productivity with minimum effort and time. Agricultural equipment include diversified products such as plows, tractors, cultivators, and harvesters as per the requirement of various agricultural activities. Moreover, various implements are attached to the tractors for applications such as tilling, plowing, harrowing, planting, disking, and other operations. In addition, agricultural equipment require lower effort inputs, thereby, reducing the demand of human labor on the farms. This not only saves time of operation, but also saves the costs incurred on manpower. The implementation of automatic and semi-automatic machinery also increases the crop production, owing to lower downtimes and highly precise operations.

Increase in mechanization in agricultural activities is a key factor driving the growth of the global agricultural equipment market. In addition, surge in population is propelling the need for crop cultivation. Thus, to sustain the demand of agricultural produce, farmers are switching toward the use of automated and semi-automated agricultural equipment on fields globally, which significantly contributes toward the global agriculture equipment market growth. In addition, surge in population increases the demand of food globally, which eventually pressurizes the agriculture sector for the cultivation of various grains and vegetables. The employment of agriculture equipment assists in cultivation of more crops in less time and effort, which increases the production of food for the growing population. Thus, upsurge in global population boosts the demand for agriculture equipment, which, in turn, drives its agriculture equipment market industry growth. Furthermore, the implementation of precision farming enables sustainability in farming activities, increase profitability, and protects the land resources, which result in enhanced agricultural production. Various products offered by major players in the agriculture equipment industry assist farmers in different farming activities such as sowing and harvesting, which promotes the implementation of agriculture equipment, thereby augmenting the growth of agriculture equipment significantly.

However, lack of awareness and information regarding the use of agriculture equipment between farmers is a major restraining factor of the agriculture equipment market. Illiteracy and unavailability of proper resources as well as monetary measures negatively affect the implementation of agriculture equipment.

On the contrary, government support for the development of farming activities, such as provision of subsidies for acquiring seeds, fertilizers, and agriculture equipment is expected to create lucrative opportunities for the growth of agriculture equipment market.

The global agriculture equipment market is segmented into type, automation, business, and region. By type, the market is categorized into tractors, harvesters, soil preparation & cultivation, irrigation & crop processing, agriculture spraying equipment, hay & forage machines, and other agriculture equipment. Depending on automation, it is classified into manual, semi-automatic, and automatic equipment. Considering business, the market is classified into original equipment manufacturers (OEMs) and aftersales.

Region wise, the market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest agriculture equipment market share throughout the study period, and LAMEA is expected to grow at the fastest rate.

COMPETITION ANALYSIS

The key market players profiled in the report include Mahindra & Mahindra Ltd., Escorts Limited, CNH Industrial N.V., Deere & Company, AGCO Corporation, SDF S.p.A., AGROSTROJ Pelhřimov, a.s., China National Machinery Industry Corporation Ltd. (Sinomach), J C Bamford Excavators Ltd., and Kubota Corporation.

Many competitors in the agriculture equipment market adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in February 2020, the Fendt brand of the company AGCO Corporation launched the Momentum planter in the North American row crop production market. The product is designed to assist in overcoming challenging planting conditions. In addition, it features SmartFrame technology, which can be used for vertical contour toolbar, automated, and smart & configuration capabilities. Similarly, in November 2019, the company CNH Industrial through its brand, New Holland Agriculture launched two models W170D and W190D, in its wheel loader range. Both the models integrate the HI-eSCR2 technology and comply with the Stage V emission standards. The technology utilizes selective catalytic reduction on filter to offer maximum efficiency for the filter operation, as well as reduces the emissions from the engine.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides an extensive analysis of the current and emerging global agriculture equipment market trends and dynamics.
  • In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing agriculture equipment market opportunity.
  • The global agriculture equipment market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
GLOBAL AGRICULTURE EQUIPMENT MARKET SEGMENTS
BY TYPE
  • Tractors
  • Harvesters
  • Soil preparation & cultivation
  • Irrigation & crop processing
  • Agriculture spraying equipment
  • Hay & forage machines
  • Other agriculture equipment
BY AUTOMATION
  • Automatic
  • Semi-Automatic
  • Manual
BY BUSINESS
  • Original Equipment Manufacturers (OEM)
  • Aftersales
BY REGION
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • The UK
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY PLAYERS
  • Mahindra & Mahindra Ltd.
  • Escorts Limited
  • CNH Industrial N.V.
  • Deere & Company
  • AGCO Corporation
  • SDF S.p.A.
  • AGROSTROJ Pelhřimov, a.s.
  • China National Machinery Industry Corporation Ltd. (Sinomach)
  • J C Bamford Excavators Ltd.
  • Kubota Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGCO Corporation
  • AGROSTROJ Pelhrimov a.s.
  • CNH Industrial N.V.
  • Deere & Company
  • Escorts Limited
  • Kubota Corporation
  • MORE
Chapter 1 Introduction
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

Chapter 2 Executive Summary
2.1 Cxo Perspective

Chapter 3 Market Overview
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top Impacting Factor
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies
3.3 Value Chain Analysis
3.4 Porters Five Forces Analysis
3.4.1 Availability of Numerous Players, Results in High Bargaining Power of Buyers
3.4.2 Number of Quality Raw Material Suppliers, Decreases the Bargaining Power of Suppliers
3.4.3 Industry Giants Limit the Emergence of New Entrants
3.4.4 Lack of Viable Substitute Leads to Low Threat of Substitutes
3.4.5 Well- Established Brands and Matured Market Lead to Intense Rivalry Among Competitors
3.5 Market Positioning, 2015
3.6 Market Dynamics
3.6.1 Drivers
3.6.1.1 Mechanization of Activities in Agriculture
3.6.1.2 Economic Stability and Growing Population
3.6.1.3 Precision Farming
3.6.2 Restraints
3.6.2.1 Lack of Information About the Efficient Agriculture Equipment Among Farmers
3.6.2.2 Decreasing Arable Land
3.6.3 Opportunities
3.6.3.1 Government Support

Chapter 4 World Agriculture Equipment Market, by Product Type
4.1 Agriculture Tractors
4.1.1 Key Market Trends
4.1.2 Key Drivers and Opportunities
4.1.3 Market Size and Forecast
4.2 Harvester
4.2.1 Key Market Trends
4.2.2 Key Drivers and Opportunities
4.2.3 Market Size and Forecast
4.3 Soil Preparation & Cultivation Equipment
4.3.1 Key Market Trends
4.3.2 Key Drivers and Opportunities
4.3.3 Market Size and Forecast
4.4 Irrigation & Crop Processing Equipment
4.4.1 Key Market Trends
4.4.2 Key Drivers and Opportunities
4.4.3 Market Size and Forecast
4.5 Agriculture Spraying Equipment
4.5.1 Key Market Trends
4.5.2 Key Drivers and Opportunities
4.5.3 Market Size and Forecast
4.6 Hay & Forage Equipment
4.6.1 Key Market Trends
4.6.2 Key Drivers and Opportunities
4.6.3 Market Size and Forecast
4.7 Other Agriculture Equipment
4.7.1 Key Market Trends
4.7.2 Key Drivers and Opportunities
4.7.3 Market Size and Forecast

Chapter 5 World Agriculture Equipment Market by Geography
5.1 North America
5.1.1 Key Market Trends
5.1.2 Key Drivers and Opportunities
5.1.3 Market Size and Forecast
5.1.3.1 United States
5.1.3.1.1 Market Size and Forecast
5.1.3.2 Canada
5.1.3.1.2 Market Size and Forecast
5.1.3.3 Mexico
5.1.3.1.3 Market Size and Forecast
5.2 Europe
5.2.1 Key Market Trends
5.2.2 Key Drivers and Opportunities
5.2.3 Market Size and Forecast
5.2.3.1 France
5.2.3.1.1 Market Size and Forecast
5.2.3.2 Germany
5.2.3.1.2 Market Size and Forecast
5.2.3.3 U. K.
5.2.3.1.3 Market Size and Forecast
5.2.3.4 Rest of Europe
5.2.3.1.4 Market Size and Forecast
5.3 Asia-Pacific
5.3.1 Key Market Trends
5.3.2 Key Drivers and Opportunities
5.3.3 Market Size and Forecast
5.3.3.1 India
5.3.3.1.1 Market Size and Forecast
5.3.3.2 China
5.3.3.1.2 Market Size and Forecast
5.3.3.3 Japan
5.3.3.1.3 Market Size and Forecast
5.3.3.4 Rest of Asia-Pacific
5.3.3.1.4 Market Size and Forecast
5.4 LAMEA
5.4.1 Key Market Trends
5.4.2 Key Drivers and Opportunities
5.4.3 Market Size and Forecast
5.4.3.1 Latin America
5.4.3.1.1 Market Size and Forecast
5.4.3.2 Africa
5.4.3.1.2 Market Size and Forecast
5.4.3.3 Middle East
5.4.3.1.3 Market Size and Forecast

Chapter 6 Company Profiles
6.1 Mahindra Group
6.1.1 Company Overview
6.1.2 Operating Business Segments
6.1.3 Business Performance
6.1.4 Strategic Moves and Developments
6.1.5 SWOT Analysis of Mahindra Group
6.2 Escort Limited
6.2.1 Company Overview
6.2.2 Operating Business Segments
6.2.3 Business Performance
6.2.4 Key Strategies and Developments
6.2.5 SWOT Analysis of Escort Limited
6.3 Valmont Industries, Inc.
6.3.1 Company Overview
6.3.2 Operating Business Segments
6.3.3 Business Performance
6.3.4 Key Strategies and Developments
6.3.5 SWOT Analysis of Valmont Industries, Inc.
6.4 Deere & Company
6.4.1 Company Overview
6.4.2 Operating Business Segments
6.4.3 Business Performance
6.4.4 Key Strategies and Developments
6.4.5 SWOT Analysis of Deere & Company
6.5 Agco Corporation
6.5.1 Company Overview
6.5.2 Business Performance
6.5.3 Key Strategies and Developments
6.5.4 SWOT Analysis of Agco Corporation
6.6 Same Deutz-Fahr Group (Sdf)
6.6.1 Company Overview
6.6.2 Business Performance
6.6.3 Key Strategies and Developments
6.6.4 SWOT Analysis of Same Deutz-Fahr
6.7 Agrostroj Pelhrimov A. S.
6.7.1 Company Overview
6.7.2 Key Strategies and Developments
6.7.3 SWOT Analysis of Agrostroj Pelhrimov A. S
6.8 China National Machinery Industry Corporation (Sinomach)
6.8.1 Company Overview
6.8.2 Operating Business Segments
6.8.3 SWOT Analysis of China National Machinery Industry Corporation
6.9 Weifang Euroking Machinery
6.9.1 Company Overview
6.9.2 SWOT Analysis of Weifang Euroking Machinery
6.10 Concern Tractor Plants
6.10.1 Company Overview
6.10.2 SWOT Analysis of Concern Tractor Plants
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGCO Corporation
  • AGROSTROJ Pelhrimov a.s.
  • CNH Industrial N.V.
  • Deere & Company
  • Escorts Limited
  • Kubota Corporation
  • MORE
According to the report titled, 'Agriculture Equipment Market by Type, Automation, and Business: Opportunity Analysis and Industry Forecast, 2020-2027', the global agriculture equipment market size is expected to reach $166,491.6million in 2027, from $105,000.0 million in 2019, growing at a CAGR of 6.0% from 2020 to 2027. In 2019, Asia-Pacificdominated the market, in terms of revenue, accounting for 38.6% share of the globalagriculture equipmentindustry.

Agricultural equipment aid in increasing agricultural productivity with less time consumption. In addition, agricultural equipment require lower effort inputs, thereby reducing the demand for human labor on farms. This not only saves time of operations but also saves costs incurred on manpower. Furthermore, advancements in machine technologies promote the growth of the agricultural equipment market. This is attributed to the fact that implementation of automatic and semi-automatic machinery increases the crop production, owing to lower downtimes and highly precise operations.

Various countries in Asia-Pacific and LAMEA generate most of their revenue from the agricultural industry. The countries such as India, China, Indonesia, Brazil, and Ghana are anticipated to exhibit rapid growth, owing to surge in adoption of agricultural equipment. Farmers in these regions are adopting agricultural equipment even on small sized farms, due to the provision of government incentives to motivate the use of agricultural equipment. Various agricultural equipment manufacturers are focusing on product launches and product developments to assist in other agricultural activities such as fruit picking, irrigation, and crop processing.

Depending on type, the tractor segment holds maximum of the agriculture equipment market share, during the year 2019, however, the harvesters segment exhibits fastest growth rate during the forecast period. Considering the business segment, the original equipment manufacturers (OEMs) segment generated the highest revenue during 2019, owing to surge in adoption of agricultural equipment across various regions. In addition, automation in manufacturing processes assists in production of high-quality equipment. This benefits the OEMs by cutting down operational costs as well as production times, simultaneously maintaining the product quality. In addition, OEMs collaborate with technology providers to update their agricultural machinery with latest technologies. For instance, the company CNH Industrial N.V., operating in the UK, signed an agreement through its brand CASE IH with Farmers Edge Inc., a Canadian agricultural technology provider, in January 2019. The agreement aims at development of digital agricultural solutions such as connectivity and agronomic solutions for its various agricultural equipment products. Moreover, it plans to offer unique technology platforms, which feature execution, planning, analysis, and decision-making capabilities to improve the agricultural processes using various agriculture equipment. This influences the agriculture equipment market growth globally.

The global agriculture equipment market is divided on the basis of type, automation, business, and region. By type, the market is segmented into tractors, harvesters, soil preparation & cultivation, irrigation & crop processing, agriculture spraying equipment, hay & forage machines, and other agriculture equipment.Depending onautomation, the market is classified into manual, semi-automatic, and automatic equipment. By business, the market is classified into original equipment manufacturers (OEMs) and aftersales.

The agriculture equipmentmarket analysis is conducted across four regions that include North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Findings Of The Study

By type, the tractorssegment dominated the global agriculture equipment market in 2019, in terms of revenue.
On the basis of automation, the manualsegment is expected to generate significant revenue in the agriculture equipmentmarket globally.
Considering business, the OEM segment accounted for the highest market share of the global agriculture equipment market in 2019.
Region wise, Asia-Pacificis projected to be one of the most dominant regions, and LAMEA is expected to witness a high growth rate during the forecast period.

The major players operating in the agriculture equipment market include Mahindra & Mahindra Ltd., Escorts Limited, CNH Industrial N.V., Deere & Company, AGCO Corporation, SDF S.p.A., AGROSTROJ Pelhřimov, a.s., China National Machinery Industry Corporation Ltd. (Sinomach), J C Bamford Excavators Ltd., and Kubota Corporation.
Note: Product cover images may vary from those shown
  • Mahindra & Mahindra Ltd.
  • Escorts Limited
  • CNH Industrial N.V.
  • Deere & Company
  • AGCO Corporation
  • SDF S.p.A.
  • AGROSTROJ Pelhřimov a.s.
  • China National Machinery Industry Corporation Ltd. (Sinomach)
  • J C Bamford Excavators Ltd.
  • Kubota Corporation
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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