The Global Agriculture Equipment demand & sales fared well in 2020 with the net farm income in the U.S. reaching its highest level since 2013
The market is expected to grow to a figure of $120 billion while registering a 44% year on year increase despite battling serious production & supply chain disruptions & challenges caused by the global outbreak of COVID-19 pandemic. The U.S. net farm income for 2021 is projected to be in correction mode and decline by 9.7% year-on-year to reach $111.4 billion following four consecutive years of steady improvements & increases. The global agriculture equipment sales for 2021, however, are projected to register growth in mid-single digit percentages across North America, Europe and South America while the sales in Asia are projected to contract marginally
The global demand for agriculture equipment is projected to register steady growth for 2021 driven by favorable agriculture commodity prices & farm economics, high crop yields and low levels of global grain inventories needing replenishment
The row crop segment has been witnessing largest demand in North America with high horsepower tractor segment registering strong growth as farmers actively pursue fleet replacement & recapitalization. EU, too, has been witnessing higher levels of crop output along with stronger farm economics in 2021 boosting overall farm sentiment. The COVID-19, however, continues to create supply chain disruptions marked by delays and constraints amid increasing industrial demand and will remain a challenge for the world economy over near term
The long-term industry fundamentals for agriculture, however, remain robust with the global agricultural output required to double itself by 2050
The global agriculture equipment industry is also in the midst of a technology-driven evolution phase led by the development & incorporation of connectivity, autonomous and sustainable powertrain technologies aimed at enhanced efficiency, productivity and sustainability. The current phase of agriculture industry’s development and its likely evolution over medium term quintessentially is going to be defined and shaped by technology which has been evolving rapidly and disrupting markets fundamentally
Against this backdrop, the report provides a comprehensive Comparative SWOT & Strategy Focus Analysis on the World’s Top 6 Agriculture Equipment manufacturers. The report analyzes as to how the key industry OEMs are positioned, based on their Strengths & Weaknesses, and are gearing up for the highly dynamic & rapidly evolving agriculture market landscape with reference to the emerging Opportunities and potential Threats. The report also analyzes the overall, Near to Medium Term Strategy Focus and provides insights into the Key Strategies & Plans for the leading Global Agriculture Equipment OEMs for the near to medium term horizon based on a comparative assessment of
1. Business & Product Portfolios Analysis & Strategic Positioning across Key Markets & Segments
2. Analysis of overall Cost Base, Structure & Management
3. Analysis of Revenue Streams, Resource Base & Domain Competencies
4. Revenues & Profitability, Key Profit Sources, Profitability Growth & Trend Analysis
5. Capital & Ownership Structure and Financial Strength
6. Degree of Diversification
7. International Presence across Key Geographic Markets & Regions - Breadth & Depth
8. Key Competitor Analysis across Markets & Segments and Degree of Competitive Intensity
9. Competitive Market Positioning across Key Markets & Product Segments
10. Overall Strategy Orientation & Focus, R&D Strategy, Technological Strength & Capabilities
For Whom: Key Decision-Makers across Industry Value Chain
- Key Decision-Makers
- Procurement Managers
- Top Management of Industry Players & Other Companies
- Industry OEMs & Technology/Other Solutions Providers
- Suppliers, Vendors, Sales & Distribution Channels and other Key Players in the Industry Value Chain
- Associated Equipment Manufacturers & Technology Solutions Providers
- Existing & potential Investors
- Industry & Company Analysts
- M&A Advisory Firms
- Strategy & Management Consulting Firms
- PE Firms, Venture Capitalists and Financing & Leasing Companies
- Researchers and all those associated with the industry in general
Table of Contents
Companies Mentioned
- Deere & Company
- CNH Industrial N.V.
- AGCO Corporation
- CLAAS Group
- SDF Group
- Kubota Corporation
