Forest and agricultural industry players manufacture equipments used by the agricultural, garden and forestry industries. Agricultural machinery includes garden machinery, agricultural machinery for soil preparation, planting or fertilizing, harvesting or threshing machinery, milking machines, poultry-keeping machinery, spraying machinery, agricultural self-loading or self-unloading trailer or semi-trailer, harvesting or threshing machinery and mower. Garden machinery includes forestry excavators, delimbers, log loaders, feller bunchers, saw mills, skidders and grapples. The garden equipments are mowers, cutters, chainsaws, ride-on mowers and hedge trimmers.
Forest and agricultural machinery has a large global market. This market is expected to grow at a decent rate in the coming years. The APAC region led by India and China are expected to be the fastest growing market. Central and South America would also show significant growth. Cultivating machinery and plowing will be the fastest growing product type.
The agricultural sector has been growing at a decent pace owing to the growing demand of food from an ever increasing population. Similarly, demand for forest products have increased in real estate, wood products and pharmaceutical industry. The increase in living standards, push towards green houses and towns has increased number of gardens globally. In many countries governments have made it easier to acquire loans for buying equipments and machinery for agriculture. In most of the countries the licensing requirements are not much. Similarly, government regulations or the resource constraints are less demanding. These form the major drivers for this industry. The acquisition of manufacturing facilities requires a large capital investment. The magnitude of this financial commitment deters some firms from entering the industry.
Some of the major companies in this industry are AGCO, Claas KGaA, Fiat Industrial, Amazonen-Werke H. Dreyer GmbH & Company KG, Berthoud Agricole, Alamo Group, Kubota Groupe Exel Industries, Changzhou Dongfeng Agricultural Machinery Group, John Deere & Company, Escorts Limited, China National Machinery Industry Corporation, Mahindra & Mahindra Limited, Valmont Industries Incorporated.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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