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Published Date: 2015-08-06Number of Pages: 90

Agriculture and Farm Machinery Market (Product: Farm Tractors, Harvesting Machinery, Plowing and Cultivation Machinery, Planting and Fertilizing Machinery, Haying Machinery, Other Agricultural Machinery and Parts and Attachments) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022

 

Agriculture and farm machinery consists of the tools and machinery required by the farmers in agricultural farmlands for increased productivity of crops. Agriculture and farm machinery consist of tractors, harvesting machinery, plowers and cultivators among others which are used for various purposes such as plowing, tilling, harvesting and disking among others. The increasing mechanization of agriculture has resolved various problems associated with farming including scarcity of labor, wastage of time and energy. The technological advancements in the design of tractors to improve output efficiency are expected to fuel the demand for farm tractors in the field. Some advancements in manufacturing tractors are incorporation of GPS tracking device and telemetry for tracking the exact location of tractors in the farm lands. 

 

Key factors driving the agriculture and farm machinery market include technological innovations, rising demand for advanced agricultural machinery, increasing mechanization of farming operations. Further, growth in global food demand is another key factor driving the demand for agriculture and farm machinery, globally. This increasing demand for food is a result of the growing population which in turn is increasing the demand for food consumption. Moreover, increased per capita income of farmers in both developed and developing economies is anticipated to boost the sale of farm machinery globally.

 

The global agriculture and farm machinery market is segmented on the basis of product and geography. Based on product type, the agriculture and farm machinery market can be categorized into farm tractors, harvesting machinery, plowing and cultivation machinery, planting and fertilizer machinery, haying machinery, other agriculture equipment and parts and attachments. The market size and forecast in terms of revenue (US$ Bn) for each of these segments have been provided for the period 2013 to 2022, considering 2013 and 2014 as the base years. The report also provides compounded annual growth rate (CAGR) for each segment of the market for forecast period 2015 to 2022. Geographically, the agriculture and farm machinery market has been segmented into five regions, namely, North America, Europe, Asia-Pacific, Middle East and Africa (MEA) and Latin America.

 

The report includes market dynamics, key trends analysis and value chain analysis of the global agriculture and farm machinery market. The report also includes analysis of key participants in the agriculture and farm machinery along with their role in the ecosystem along with the future trends that will impact the demand. The study provides market estimation in terms of revenue and forecast for the period 2013-2022.

 

Some of the key manufacturers of agriculture and farm machinery equipment include CNH Global NV, Deere and Company, CLAAS KGaA mbH, AGCO Corporation, J.C. Bamford Excavators Limited (JCB), Alamo Group, Inc., Iseki & Co., Ltd., Same Deutz-Fahr, Mahindra & Mahindra Limited, and Yamabiko Corporation, among others. 

 

The market has been segmented as follows:

 

Agriculture and Farm Machinery Market, by Product Type:

  • Farm Tractors
  • Harvesting Machinery
  • Plowing and Cultivation Machinery
  • Planting and Fertilizing Machinery
  • Haying Machinery
  • Other Agriculture Machinery
  • Parts and Attachments

Agriculture and Farm Machinery Market, by Geography:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America

 

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Methodology

       1.3.1 Sources

       1.3.2 Secondary Research

 

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Agriculture and Farm Machinery Market (2014 and 2022)

       2.1.1 Global Agriculture and Farm Machinery Market, 2013 – 2022, Revenue (US$ Bn) and Y-o-Y Growth (%)

2.2 Global Agriculture and Farm Machinery Market, by Product , 2014 (US$ Bn)

2.3 Global Agriculture and Farm Machinery Market, by Geography, 2014 (US$ Bn)

 

Chapter 3 Global Agriculture and Farm Machinery Market Overview

3.1 Overview

3.2 Key Trends Analysis

       3.2.1 Companies are focusing on developing economies as their source of growth

       3.2.2 Increasing popularity of precision farming to maximize efficiencies

       3.2.3 Demand for agricultural machinery would increase as a result of increasing agricultural practice

3.3 Market Drivers

       3.3.1 Growth in global food demand driving the demand for agriculture and farm machinery

       3.3.2 Increasing mechanization of farming operations supporting the demand for farm machinery

       3.3.3 Technological innovations raising demand for advanced agricultural machinery

3.4 Restraints

       3.4.1 Low purchasing power, high cost, and poor technical know-how challenging the wide-scale adoption of farm machinery

       3.4.2 Growing urbanization and decreasing farmland poses a threat to market growth

3.5 Opportunity

                3.5.1.1 Governments offering subsidies to promote farm machinery production

3.6 Agriculture and Farm Machinery Market: Value Chain Analysis

3.7 Global Agriculture and Farm Machinery Market Analysis, By Product, 2013 – 2022 (US$ Bn)

       3.7.1 Overview

               3.7.1.1 Global Agriculture and Farm Machinery Market, by Product – Market Share and Forecast, 2014 vs 2022 (Value %)

       3.7.2 Farm Tractors

            3.7.2.1 Global Agriculture and Farm Machinery Market Revenue Growth for Farm Tractors, 2013 – 2022 (US$ Bn)

       3.7.3 Harvesting Machinery

              3.7.3.1 Global Agriculture and Farm Machinery Market Revenue Growth for Harvesting Machinery, 2013 – 2022 (US$ Bn)

       3.7.4 Plowing and Cultivating Machinery

               3.7.4.1 Global Agriculture and Farm Machinery Market Revenue Growth for Plowing and Cultivating Machinery, 2013 – 2022 (US$ Bn)

       3.7.5 Planting and Fertilizing Machinery

              3.7.5.1 Global Agriculture and Farm Machinery Market Revenue Growth for Planting and Fertilizing Machinery, 2013 – 2022 (US$ Bn)

       3.7.6 Haying Machinery

           3.7.6.1 Global Agriculture and Farm Machinery Market Revenue Growth for Haying Machinery, 2013 – 2022 (US$ Bn)

       3.7.7 Other Agricultural Machinery

          3.7.7.1 Global Agriculture and Farm Machinery Market Revenue Growth for Other Agricultural Machinery, 2013 – 2022 (US$ Bn)

       3.7.8 Parts and Attachment

            3.7.8.1 Global Agriculture and Farm Machinery Market Revenue Growth for Parts and Attachments, 2013 – 2022 (US$ Bn)

3.8 Competitive Landscape

       3.8.1 Market Positioning of Key Players, 2014

                3.8.1.1 Global Agriculture and Farm Machinery Market Positioning Analysis, 2014

       3.8.2 Competitive Strategies Adopted by Leading Players

 

Chapter 4 North America Agriculture and Farm Machinery Market Analysis, 2013 – 2022

4.1 Overview

       4.1.1 North America Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

4.2 North America Agriculture and Farm Machinery Market Analysis, By Product, 2013 – 2022

       4.2.1 Overview

                4.2.1.1 North America Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

4.3 North America Agriculture and Farm Machinery Market Analysis, by Geography, 2013 – 2022 (%)

       4.3.1 Overview

               4.3.1.1 North America Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

 

Chapter 5 Europe Agriculture and Farm Machinery Market Analysis

5.1 Overview

       5.1.1 Europe Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

5.2 Europe Agriculture and Farm Machinery Market Analysis, By Product, 2013 – 2022

       5.2.1 Overview

             5.2.1.1 Europe Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

5.3 Europe Agriculture and Farm Machinery Market Analysis, by Geography, 2013 – 2022

       5.3.1 Overview

           5.3.1.1 Europe Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

 

Chapter 6 Asia Pacific Agriculture and Farm Machinery Market Analysis

6.1 Overview

       6.1.1 Asia Pacific Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

6.2 Asia Pacific Agriculture and Farm Machinery Market Analysis, By Product, 2013 – 2022

       6.2.1 Overview

              6.2.1.1 Asia Pacific Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

6.3 Asia Pacific Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$)

       6.3.1 Overview

              6.3.1.1 Asia Pacific Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

 

Chapter 7 MEA Agriculture and Farm Machinery Market Analysis

7.1 Overview

       7.1.1 MEA Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

7.2 MEA Agriculture and Farm Machinery Market Analysis, By Product, 2013 – 2022

       7.2.1 Overview

               7.2.1.1 MEA Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

7.3 MEA Agriculture and Farm Machinery Market Analysis, by Geography, 2013 – 2022

       7.3.1 Overview

            7.3.1.1 MEA Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

 

Chapter 8 Latin America Agriculture and Farm Machinery Market Analysis

8.1 Overview

       8.1.1 Latin America Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

8.2 Latin America Agriculture and Farm Machinery Market Analysis, By Product, 2013 – 2022

       8.2.1 Overview

               8.2.1.1 Latin America Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

8.3 Latin America Agriculture and Farm Machinery Market Analysis, by Geography, 2013 – 2022

       8.3.1 Overview

               8.3.1.1 Latin America Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

 

Chapter 9 Company Profiles

9.1 CNH Global N.V

9.2 Deere & Company

9.3 AGCO Corporation

9.4 CLAAS KGaA mbH

9.5 J.C. Bamford Excavators Limited (JCB)

9.6 Alamo Group, Inc.

9.7 Iseki & Co., Ltd

9.8 Kubota Corporation

9.9 Same Deutz-Fahr

9.10 Bucher Industries AG

9.11 Mahindra & Mahindra Limited

9.12 Yamabiko Corporation

List of Figures

 

FIG. 1 Global Agriculture and Farm Machinery Market: Market Segmentation

FIG. 2 Global Agriculture and Farm Machinery Market, 2013 – 2022, Revenue (US$ Bn) and Y-o-Y Growth (%)

FIG. 3 Global Agriculture and Farm Machinery Market, by Product, 2014 (US$ Bn)

FIG. 4 Global Agriculture and Farm Machinery Market, by Geography, 2014 (US$ Bn)

FIG. 5 Global Agriculture and Farm Machinery Market: Value Chain Analysis

FIG. 6 Global Agriculture and Farm Machinery Market, by Product – Market Share and Forecast, 2014 vs 2022 (Value %)

FIG. 7 Global Agriculture and Farm Machinery Market Revenue Growth for Farm Tractors, 2013 – 2022 (US$ Bn)

FIG. 8 Global Agriculture and Farm Machinery Market Revenue Growth for Harvesting Machinery , 2013 – 2022 (US$ Bn)

FIG. 9 Global Agriculture and Farm Machinery Market Revenue Growth for Plowing and Cultivating Machinery , 2013 – 2022 (US$ Bn)

FIG. 10 Global Agriculture and Farm Machinery Market Revenue Growth for Planting and Fertilizing Machinery , 2013 – 2022 (US$ Bn)

FIG. 11 Global Agriculture and Farm Machinery Market Revenue Growth for Haying Machinery , 2013 – 2022 (US$ Bn)

FIG. 12 Global Agriculture and Farm Machinery Market Revenue Growth for Other Agricultural Machinery , 2013 – 2022 (US$ Bn)

FIG. 13 Global Agriculture and Farm Machinery Market Revenue Growth for Parts and Attachments , 2013 – 2022 (US$ Bn)

FIG. 14 Global Agriculture and Farm Machinery Market Positioning Analysis, 2014

FIG. 15 North America Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

FIG. 16 Europe Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

FIG. 17 Asia Pacific Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

FIG. 18 MEA Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

FIG. 19 Latin America Agriculture and Farm Machinery Market Revenue and Y-o-Y Growth, 2013 – 2022 (US$ Bn)

List of Tables

 

TABLE 1 Market Snapshot: Global Agriculture and Farm Machinery Market (2014 and 2022)

TABLE 2 Fertility Rate and Population for Major Countries

TABLE 3 Sales of New Tractors Volume (In Thousands)

TABLE 4 North America Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

TABLE 5 North America Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

TABLE 6 Europe Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

TABLE 7 Europe Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

TABLE 8 Asia Pacific Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

TABLE 9 Asia Pacific Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

TABLE 10 MEA Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

TABLE 11 MEA Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

TABLE 12 Latin America Agriculture and Farm Machinery Market Revenue and Forecast, by Product, 2013 – 2022 (US$ Bn)

TABLE 13 Latin America Agriculture and Farm Machinery Market Revenue and Forecast, by Geography, 2013 – 2022 (US$ Bn)

The global agriculture and farm equipment market, valued at US$ 144.10 Bn in 2014, is expected to witness growth at a CAGR of 8.7% from 2015 to 2022. Agriculture and farming equipment comprises an expansive variety of machinery and tools that help carry out a number of processes to upgrade the quality and quantity of production. The adoption of machinery has brought tremendous changes, and the advantages include saving time, reduction in labor costs, and appropriate use of inputs to obtain desired output. Moreover, with the growth of government subsidies for this machinery to farmers around the globe, the agriculture and farm machinery market is expected to witness significant expansion over the forecast period.

Rising demand for farm tractors and harvesting machinery is expected to help the overall market grow, as these are used for multiple purposes, including harrowing, plowing, tilling, and planting. Growing awareness regarding the importance of technology in agriculture for the maximization of output is aiding the growth of the market. Increasing global population, which is in turn augmenting the consumption of food worldwide, is leading to heightened pressure to enhance food production. As agriculture and farm machinery enhances the efficacy of production, there has been significant demand for it in recent years. Increasing modernization and depreciation in agricultural land are other factors accelerating the agriculture and farm machinery market. The incorporation of monitoring systems, GPS systems, and self-driven mechanisms allows the precise use of material and increases fuel economy as well.

Several multinational companies are also investing in emerging markets in order to expand their operations on a global scale. The governments of countries such as India, Brazil, and Germany are focusing on escalating the reach of subsidies on agricultural machinery in order to promote farm mechanization. In addition, certain companies manufacture lower-power farm tractors at more affordable rates for small-scale farmers. For example in 2013, John Deere introduced the 4M and 5E small tractors series to address the needs of the small-scale farming sector. 

The product segments of the agriculture and farming machinery market include farm tractors, haying machinery, harvesting machinery, and others. Europe, Asia Pacific, and North America are key contributors to the global agriculture and farm machinery market, with Europe leading.

Some of the major players in the agriculture and farm machinery market are CNH Global NV, Deere and Company, CLAAS KGaA mbH, AGCO Corporation, J.C. Bamford Excavators Limited (JCB), Alamo Group, Inc., Iseki & Co., Ltd., Same Deutz-Fahr, Mahindra & Mahindra Limited, and Yamabiko Corporation.

 

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