Discount banner b26cfd0bc994d525c830a167ad93d0c19724a63776637770540876f8c5116b58
Powered Agriculture Equipment Market Research Report-
 Global Forecast to 2023

Powered Agriculture Equipment Market Research Report- Global Forecast to 2023

ID: MRFR/IA - E/1806-CRR | January, 2018 | Region: Global | 97 pages | Cooked Research Reports

Global Powered Agriculture Equipment Market Information Report by Product Type (Tractors, Combine/Combine Harvester, Sprayer, Soil Preparation & Cultivation Equipment, Seed Drill, Others), and by Region - Global Forecast To 2023


Market Scenario


Agricultural equipment and tools play a vital role in various functions according to consumer needs. Powered agriculture equipment replace traditional methods due to highly innovated and advanced products.


Based on product type, powered agriculture equipment market has been divided as tractors, combine/combine harvester, sprayer, soil preparation & cultivation equipment, seed drill and others. Tractors segment accounted for the largest market share of 52.4% in 2016, with a market value of USD 36.37 billion. Tractors are essential in the agriculture industry and they are the highest volume segment in the market. The high sales of tractors can be attributed to their multifunction. This is because they are usable as agricultural equipment in monsoons and for other transport and commercial purposes. India is the leading tractor market, globally, followed by China and USA.


Combine harvesters was the second-largest market in 2016, valued at USD 9.5 Billion in 2016. Combine harvester is among the most expensive agricultural equipment in the market. It combines the process of reaping, threshing, and cleaning grains, and collecting them in a grain tank fitted in the machinery. Soil preparation & cultivation equipment segment is projected to grow at the highest CAGR of 5.59%. There are different equipment to be used for soil preparation and cultivation such as cultivator, plow, rotary tiller, and others. Sprayers are significant in agriculture process as they help in proper and timely application of herbicides, pesticides, fungicides and other products used for crop protection. The Crop Protection Products (CPP) are applied to the crops through sprays and are necessary for the better yields. Thus, powered agriculture equipment are of great use in such applications.


On the basis of region, Asia Pacific accounted for the largest market share of 33.47% in 2016, with a market value of USD 23.3 billion and is projected to grow at the highest CAGR of 6.26% during the forecast period. The region comprises more than 60% of the world’s population and is predicted to increase in the future, due to which the country is facing issues of food shortage. This generated the need of increasing the food production. Use of agricultural equipment and machinery has proven to be an effective way to increase food productivity. Additionally, countries such as India, China, and Indonesia, majorly promote agricultural production in the Asia Pacific region. In India, a large number of people are connected with the agriculture sector. The major factor that favors the market is the amount of subsidies by the both central and state governments, which encourage farmers to buy farm equipment.


North America was the second-largest market in 2016, valued at USD 20.2 Billion in 2016. North America is the major producer of wheat, corn and soybean, which require the use of agricultural equipment, thereby driving the growth of the market. US accounts for the largest share in the North America market. There are presently more than 2.2 million farms in the U.S., covering an area of 922 million acres. Canada is also the major market for powered agriculture equipment and is expected to grow at a CAGR of 5.00% during the forecast period. The European market accounts for around 24.7% share in the global agriculture equipment market in the year 2016. Germany and France are the major markets in Europe. Germany is one of the leading exporting countries of agriculture machinery in the world and is ranked first when it comes to agriculture equipment market in Western Europe. John Deere, and Fendt, are among the leading agriculture tractor manufacturers and suppliers in Germany.


Segmentation: Global Powered Agriculture Equipment Market


Powered Agriculture Equipment Market Image


Hence, global powered agriculture equipment market is expected to reach a market size of USD 99.89 billion by the end of the forecast period at CAGR of 5.43%.


The key players of global powered agriculture equipment market are AGCO Corporation (U.S.), John Deere & Co. (U.S.), Mahindra & Mahindra Ltd (India), CNH Industrial (U.K), Kubota Corporation (Japan), CLAAS Group (Germany), Alamo Group Inc. (U.S.), Escorts Group (India), Iseki & Co. Ltd (Japan), SDF S.P.A. (Italy), and other.


The report for Global Powered Agriculture Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
Currency

TABLE OF CONTENTS

2.1 Definition 13
2.2 Scope of the Study 13
2.3 Assumptions 13
2.4 Market Structure 14

3.1 Research Process 15
3.2 Primary Research 16
3.3 Secondary Research 16
3.4 Market Size Estimation 16
3.5 Forecast Model 18

4.1 Drivers 20
4.1.1 Growth in Agriculture sector 20
4.1.2 Rise in Global Population 20
4.1.3 Easy Credit and Subsidies Availability in Asian Markets 21
4.1.4 Rising Demand for Advanced Agricultural Machinery 22
4.2 Restraints 22
4.2.1 Fluctuating Weather Conditions & Farming Calendars 22
4.2.2 Dynamic Economic Environment 23
4.2.3 High Cost of Machinery 24
4.3 Opportunities 25
4.3.1 Improved Credit Availability 25
4.3.2 Government Subsidies 25

5.1 Porter's Five Forces Analysis 26
5.1.1 Threat of New Entrants 27
5.1.2 Bargaining Power of Suppliers 27
5.1.3 Bargaining Power of Buyers 27
5.1.4 Threat of Substitutes 27
5.1.5 Rivalry 27
5.2 Supply Chain Analysis 28

6.1 Overview 30
6.1.1 Tractors 32
6.1.2 Combine/Combine Harvester 32
6.1.3 Sprayer 32
6.1.4 Seed Drill 33
6.1.5 Soil Preparation & Cultivation Equipment 33

7.1 Introduction 35
7.2 North America 37
7.2.1 U.S. 39
7.2.2 Canada 40
7.3 Europe 41
7.3.1 Germany 43
7.3.2 U.K. 44
7.3.3 France 45
7.3.4 Spain 45
7.3.5 Rest of Europe 46
7.4 Asia-Pacific 48
7.4.1 China 51
7.4.2 Japan 52
7.4.3 India 53
7.4.4 Rest of Asia-Pacific 54
7.5 Rest of the World 55
7.5.1 South America 57
7.5.2 Middle East & Africa 58

8.1 Competetive Scenario 59
8.2 Global Powered Agriculture Equipment Market Shares of Top 5 Players 60
8.3 Competitors Benchmarking 61

9.1 AGCO CORPORATION 63
9.1.1 Company Overview 63
9.1.2 Financial Overview 63
9.1.3 Product/Service Offering 64
9.1.4 Strategy 66
9.1.5 Key Developments 67
9.1.6 SWOT Analysis 67
9.2 CNH Industrial N.V. 68
9.2.1 Company Overview 68
9.2.2 Financial Overview 68
9.2.3 Product/Service Offering 69
9.2.4 Strategy 70
9.2.5 Key Developments 70
9.2.6 SWOT Analysis 71
9.3 Deere & Company 72
9.3.1 Company Overview 72
9.3.2 Financial Overview 72
9.3.3 Product/Service Offering 73
9.3.4 Strategy 74
9.3.5 Key Developments 74
9.3.6 SWOT Analysis 75
9.4 Kubota Corporation 76
9.4.1 Company Overview 76
9.4.2 Financial Overview 76
9.4.3 Product/Service Offering 77
9.4.4 Strategy 77
9.4.5 Key Developments 78
9.4.6 SWOT Analysis 78
9.5 CLAAS Group 79
9.5.1 Company Overview 79
9.5.2 Financial Overview 79
9.5.3 Product/Service Offering 80
9.5.4 Strategy 81
9.5.5 Key Developments 81
9.5.6 SWOT Analysis 82
9.6 Alamo Group Inc. 83
9.6.1 Company Overview 83
9.6.2 Financial Overview 83
9.6.3 Product/Service Offering 84
9.6.4 Strategy 84
9.6.5 Key Developments 85
9.7 Escorts Group 86
9.7.1 Company Overview 86
9.7.2 Financial Overview 86
9.7.3 Product/Service Offering 87
9.7.4 Strategy 87
9.7.5 Key Developments 88
9.8 Mahindra & Mahindra Limited 89
9.8.1 Company Overview 89
9.8.2 Financial Overview 89
9.8.3 Product/Service Offering 90
9.8.4 Strategy 91
9.8.5 Key Developments 91
9.9 SAME DEUTZ-FAHR GROUP S.P.A. 92
9.9.1 Company Overview 92
9.9.2 Financial Overview 92
9.9.3 Product/Service Offering 93
9.9.4 Strategy 94
9.9.5 Key Developments 94
9.10 ISEKI & COMPANY LIMITED 95
9.10.1 Company Overview 95
9.10.2 Financial Overview 95
9.10.3 Product/Service Offering 96
9.10.4 Strategy 97
9.10.5 Key Developments 97

TABLE 1 SUBSIDIES SPECIFICALLY FOR THE PURCHASE OF AGRICULTURE EQUIPMENT 21
TABLE 2 WORLD FARMING CALENDAR 23
TABLE 3 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 31
TABLE 4 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, BY REGION, 2015-2023 (USD BILLION) 36
TABLE 5 NORTH AMERICA: POWERED AGRICULTURE EQUIPMENT MARKET, BY COUNTRY, 2015-2023 (USD BILLION) 37
TABLE 6 NORTH AMERICA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 38
TABLE 7 U.S.: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 39
TABLE 8 CANADA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 40
TABLE 9 EUROPE: POWERED AGRICULTURE EQUIPMENT MARKET, BY COUNTRY, 2015-2023 (USD BILLION) 41
TABLE 10 EUROPE: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 42
TABLE 11 GERMANY: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 43
TABLE 12 U.K.: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 44
TABLE 13 FRANCE: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 45
TABLE 14 SPAIN: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 46
TABLE 15 REST OF EUROPE: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 47
TABLE 16 ASIA-PACIFIC: POWERED AGRICULTURE EQUIPMENT MARKET, BY COUNTRY, 2015-2023 (USD BILLION) 48
TABLE 17 ASIA-PACIFIC: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 49
TABLE 18 CHINA: CROP PRODUCTION, 2014-2017 (IN MILLION METRIC TON) 51
TABLE 19 CHINA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 51
TABLE 20 JAPAN: CROP PRODUCTION, 2014-2017 (IN MILLION METRIC TON) 52
TABLE 21 JAPAN: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 52
TABLE 22 INDIA: CROP PRODUCTION, 2014-2017 (IN MILLION METRIC TON) 53
TABLE 23 INDIA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 53
TABLE 24 REST OF ASIA-PACIFIC: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 54
TABLE 25 ROW: POWERED AGRICULTURE EQUIPMENT MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 55
TABLE 26 ROW: POWERED AGRICULTURE EQUIPMENT MARKET, BY COUNTRY, 2015-2023 (USD BILLION) 55
TABLE 27 ROW: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023(USD BILLION) 56
TABLE 28 ROW: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 56
TABLE 29 SOUTH AMERICA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 57
TABLE 30 MIDDLE EAST & AFRICA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 58
TABLE 31 ALAMO GROUP INC.: KEY DEVELOPMENTS, 2014-2016 85

FIGURE 1 RESEARCH PROCESS OF MRFR 15
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 17
FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET 19
FIGURE 4 SIZE OF AGRICULTURE IN GDP (USD MILLION) 20
FIGURE 5 EFFECT OF ECONOMIC ENVIRONMENT ON THE AGRICULTURE EQUIPMENT DEMAND 24
FIGURE 6 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET 26
FIGURE 7 SUPPLY CHAIN ANALYSIS OF GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET 28
FIGURE 8 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2016 (IN %) 30
FIGURE 9 POWERED AGRICULTURE EQUIPMENT MARKET SHARE, BY REGION, 2016 (IN %) 35
FIGURE 10 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, BY REGION, 2015-2023 (USD BILLION) 36
FIGURE 11 NORTH AMERICA: POWERED AGRICULTURE EQUIPMENT MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 37
FIGURE 12 NORTH AMERICA: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 38
FIGURE 13 EUROPE: POWERED AGRICULTURE EQUIPMENT MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 41
FIGURE 14 EUROPE: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 42
FIGURE 15 ASIA-PACIFIC: POWERED AGRICULTURE EQUIPMENT MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 48
FIGURE 16 ASIA-PACIFIC: POWERED AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE, 2015-2023 (USD BILLION) 49
FIGURE 17 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET, 2014-2016, (% SHARE) 59
FIGURE 18 GLOBAL POWERED AGRICULTURE EQUIPMENT MARKET SHARE OF TOP 5 PLAYERS 60
FIGURE 19 COMPETITORS BENCHMARKING 61
FIGURE 20 AGCO CORPORATION: TOTAL REVENUE (USD MILLION) 63
FIGURE 21 AGCO CORPORATION: GEOGRAPHIC REVENUE MIX, 2016 (%) 64
FIGURE 22 AGCO CORPORATION: KEY DEVELOPMENTS, 2014-2016 (%) 67
FIGURE 23 AGCO CORPORATION: SWOT ANALYSIS 67
FIGURE 24 CNH INDUSTRIAL N.V.: TOTAL REVENUE VS SEGMENTAL REVENUE (AGRICULTURAL EQUIPMENT) 68
FIGURE 25 CNH INDUSTRIAL N.V.: GEOGRAPHICAL REVENUE MIX, 2016 (IN %) 69
FIGURE 26 CNH INDUSTRIAL N.V.: KEY DEVELOPMENTS, 2014-2016 (%) 70
FIGURE 27 DEERE & COMPANY: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 72
FIGURE 28 DEERE & COMPANY: GEOGRAPHIC REVENUE MIX, 2016 (%) 73
FIGURE 29 DEERE & COMPANY: KEY DEVELOPMENTS, 2014-2016 (%) 74
FIGURE 30 KUBOTA CORPORATION: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 76
FIGURE 31 KUBOTA CORPORATION: GEOGRAPHIC REVENUE MIX, 2016 (%) 77
FIGURE 32 KUBOTA CORPORATION: KEY DEVELOPMENTS, 2014-2016 78
FIGURE 33 KUBOTA CORPORATION: SWOT ANALYSIS 78
FIGURE 34 CLAAS GROUP: TOTAL REVENUE 79
FIGURE 35 CLAAS GROUP: GEOGRAPHICAL REVENUE MIX, 2016 (%) 80
FIGURE 36 CLASS GROUP: KEY DEVELOPMENTS, 2014-2016 (%) 81
FIGURE 37 CLASS GROUP: SWOT ANALYSIS 82
FIGURE 38 ALAMO GROUP INC.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 83
FIGURE 39 ALAMO GROUP INC.: GEOGRAPHIC REVENUE MIX, 2015 (%) 84
FIGURE 40 ESCORTS GROUP: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 86
FIGURE 41 ESCORTS GROUP: GEOGRAPHIC REVENUE MIX, 2016 (%) 87
FIGURE 42 ESCORTS GROUP: KEY DEVELOPMENTS, 2014-2016 (%) 88
FIGURE 43 MAHINDRA & MAHINDRA LIMITED.: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION) 89
FIGURE 44 MAHINDRA & MAHINDRA LIMITED: GEOGRAPHIC REVENUE MIX, 2016 (%) 90
FIGURE 45 MAHINDRA & MAHINDRA LIMITED: KEY DEVELOPMENTS, 2014-2016 (%) 91
FIGURE 46 SAME DEUTZ-FAHR GROUP S.P.A.: TOTAL REVENUE 92
FIGURE 47 SAME DEUTZ-FAHR GROUP S.P.A.: GEOGRAPHIC REVENUE MIX, 2016 (%) 93
FIGURE 48 SAME DEUTZ-FAHR GROUP S.P.A.: KEY DEVELOPMENTS, 2014-2016 (%) 94
FIGURE 49 ISEKI & COMPANY LIMITED: TOTAL REVENUE 95
FIGURE 50 ISEKI & COMPANY LIMITED: GEOGRAPHIC REVENUE MIX, 2016 (%) 96
FIGURE 51 ISEKI & COMPANY LIMITED: KEY DEVELOPMENTS, 2014-2016 (%) 97