Pulished Date February, 2020
ID: 9238
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Agriculture and Farm Equipment Market Segmentation By Product (Tractors, Harvesters, Planting Equipment, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, and Others) and By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, and Post-harvest & Agro Processing) Forecast to 2020-2025

Pulished: February, 2020
ID: 9238
Pages: 175

Agriculture and Farm Equipment Market

The global Agriculture and Farm Equipment Market is estimated to reach USD 272.1 billion by 2026. It is anticipated to be one of the fastest-growing markets in the world during the forecast period.

Agricultural equipment is an equipment used in farming or other agriculture in which there are many types of such material, from hand tools and power tools to tractors and various farm implements that they tow or operate.

The growth of the agriculture and farm equipment market is attributed to the increasing demand for operational efficiency, improved productivity, rising mechanization level, and increasing government support.

Agriculture and Farm Equipment Market Recent Developments

• Deere & Co., an American corporation that manufactures agricultural, construction, and forestry machinery, diesel engines, drivetrains for heavy equipment, and lawn care equipment and also known as John Deere, has temporarily closed Chinese facilities owing to the coronavirus outbreak in the country. Director of Deere's strategic public relations, Ken Golden said that the facilities in China would remain closed until they determine it would be appropriate to reopen as our officials continue to monitor the situation.

• SoftBank, a Japanese multinational conglomerate holding company headquartered in Tokyo, Mahindra, an Indian multinational conglomerate headquartered in Mumbai, Maharashtra, India, may get into a partnership to push EV vehicles in the agricultural sector during the forecast period. Mahindra's officials are saying that Softbank's technology in EV could help them achieve success in the EV car market.

Drivers and Restraints of Agriculture and Farm Equipment Market

The manufacturers of these agriculture and farm equipment are concentrating on integrating technologies such as Google Earth, GPS, and robotic systems into existing material to improve productivity and the government subsidies and low rates in emerging countries for farmers to adopt agricultural machinery, are acting as major drivers for the global Agriculture and Farm Equipment Market growth.

The rise in the adoption of modern technologies by farmers to increase farm yield and meet the growing demand for food is assumed to be a key driver for the growth of the global agriculture and farm equipment market. And also the traditional farming techniques like plows, tillage, and seeders are now being replaced with various modern agricultural machinery such as spraying equipment, hay, and forage equipment, harvesters, and irrigation and crop processing equipment, which are used in multiple processes to enhance overall crop output and quality, fuelling this market growth.

The financial aspects such as capital & rate of interest and unskilled agronomic man force are the major restraints of the agriculture and farm equipment market. It is also to be noted that the financial aspects are being declined by various organizations and bodies providing low-interest loans, zero to low-interest credits, and grants to developing countries for agricultural operations and to skill the agronomic man force for utility of farm equipment which will automatically consequence in various countries to come up with machinery institutes, efficient production, and e-farming portals.

Market Segmentation of Agriculture and Farm Equipment Market

Agriculture and Farm Equipment Market by Product

• Tractors

• Harvesters

• Planting Equipment

     ◦ Row Crop Planters

     ◦ Air Seeders

     ◦ Grain Drills

     ◦ Others

• Irrigation & Crop Processing Equipment

• Spraying Equipment

• Hay & Forage Equipment

• Others

In the product segmentation, tractors are leading the global agriculture and farm equipment market revenue with a share of 25%. Tractors are essential to farm machinery used for several activities such as standalone equipment and in tandem with other applications. Moreover, sales of tractors are foreseen to continue during the forecast period attributing to the increasing rate of mechanization as well as growing population, thereby ending up in increased pressure on the production and productivity of food.

Agriculture and Farm Equipment Market by Application 

• Land Development & Seed Bed Preparation

• Sowing & Planting

• Weed Cultivation

• Plant Protection

• Harvesting & Threshing

• Post-harvest & Agro-Processing

From the application segmentation, Land Development & Seed Bed Preparation segment has acquired a share of 23% in the worldwide agriculture and farm equipment market revenue. The growth of this segment is attributing to land development, plant protection, harvesting, and sowing and planting is the shortage of farm labor.

Agriculture and Farm Equipment Market Regional Analysis

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

In the regional analysis, strong economic growth in developing countries such as China, India, and other countries is projected to drive the growth of the agriculture and farm equipment market in Asia-Pacific. This region is also expected to emerge as the largest market and witness the fastest growth during the forecast period. In recent times, China alone held over 30.0% of the regional revenue and the regional growth can be ascribed to the low level of mechanization and the vast area of agricultural land. However, usage of these types of machinery of various farm processes is evolving progressively in the Asia-Pacific, which will lead to more demand for this equipment over the forecast period.

Key Players of Market

  • Deere & Company
  • Mahindra Group
  • AGCO Corporation
  • Agrostroj Pelhrimov A.s
  • Concern Tractor Plants
  • Escorts Limited
  • China National Machinery Industry Corporation
  • Valmont Industries Incorporated.
  • Weifang Euro king Machinery
  • Same Deutz-Fahr Group (SDF)

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Agriculture and Farm Equipment Market, By Product               

                              6.1.1 Tractors   

                              6.1.2 Harvesters              

                              6.1.3 Planting Equipment             

                              6.1.4 Irrigation & Crop Processing Equipment      

                              6.1.5 Spraying Equipment            

                              6.1.6 Hay & Forage Equipment   

                              6.1.7 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.8 Y-o-Y Growth Rate Analysis              

                              6.1.9 Market Attractiveness Index           

               6.2 Agriculture and Farm Equipment Market, By Application                       

                              6.2.1 Land Development & Seed Bed Preparation             

                              6.2.2 Sowing & Planting

                              6.2.3 Weed Cultivation  

                              6.2.4 Plant Protection    

                              6.2.5 Harvesting & Threshing      

                              6.2.6 Post-harvest & Agro Processing      

                              6.2.7 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.8 Y-o-Y Growth Rate Analysis              

                              6.2.9 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Product              

                              7.2.3 By Application        

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Product              

                              7.3.3 By Application        

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Product              

                              7.4.3 By Application        

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Product              

                              7.5.3 By Application        

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Product              

                              7.6.3 By Application        

8. Key Player Analysis                                   

               8.1 Deere & Company                  

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Mahindra Group                      

               8.3 AGCO Corporation                  

               8.4 Agrostroj Pelhrimov A.S                       

               8.5 Concern Tractor Plants                         

               8.6 Escorts Limited                        

               8.7 China National Machinery Industry Corporation                        

               8.8 Valmont Industries Incorporated                      

               8.9 Weifang Euroking Machinery                             

               8.10 Same Deutz-Fahr Group (SDF)                         

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of  by propulsion, by charging station, by  power output, by installation along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Agriculture and Farm Equipment Market By Region, From 2020-2025 ( USD Billion )
  2. Global Agriculture and Farm Equipment Market By Product, From 2020-2025 ( USD Billion )
  3. Global Tractors Market By Region, From 2020-2025 ( USD Billion )
  4. Global Harvesters Market By Region, From 2020-2025 ( USD Billion )
  5. Global Planting Equipment Market By Region, From 2020-2025 ( USD Billion )
  6. Global Irrigation & Crop Processing Equipment Market By Region, From 2020-2025 ( USD Billion )
  7. Global Spraying Equipment Market By Region, From 2020-2025 ( USD Billion )
  8. Global Hay & Forage Equipment Market By Region, From 2020-2025 ( USD Billion )
  9. Global Agriculture and Farm Equipment Market By Application, From 2020-2025 ( USD Billion )
  10. Global Land Development & Seed Bed Preparation Market By Region, From 2020-2025 ( USD Billion )
  11. Global Sowing & Planting Market By Region, From 2020-2025 ( USD Billion )
  12. Global Weed Cultivation Market By Region, From 2020-2025 ( USD Billion )
  13. Global Plant Protection Market By Region, From 2020-2025 ( USD Billion )
  14. Global Harvesting & Threshing Market By Region, From 2020-2025 ( USD Billion )
  15. Global Post-harvest & Agro Processing Market By Region, From 2020-2025 ( USD Billion )

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