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Farm Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019to 2026

Press release   •   Sep 17, 2019 14:25 BST

The latest published market intelligence report by FutureWise titled 'Farm Equipment Market: Global Opportunity Analysis and Industry Forecast, 2019-2026', examines the global market in terms of tractor power output, equipment type, by application, and regions for the period 2019 to 2026.

This market intelligence report offers a comprehensive assessment of farm equipment market including, factors boosting market growth, market barriers, application areas, investment potential, case studies, value chain analysis, future roadmap, major market players profiles and strategies. The study further offers market size predictions from 2019 to 2026.

The global farm equipment market is estimated to value over US$ 133 billion by 2026 end, and registering a CAGR of 3.4% during the period of 2019-2026.

Over the past few years, there has been an unparalleled global demand from the aggressively expanding food and beverage sector due to the speedily growing population. Conventional farming methods are labour intensive, time taking and less cost-effective, furthermore, decline in farming areas, scarcity of labours adds to the challenge. To perform under such pressing concerns, usage of advanced farm equipment is a necessity. The World Bank data exhibits that 25,054,140 tractors were globally being used and as of January 2019 and with the advent of machinery systems in the agricultural sector along with better financial support, the deployment of farm equipment is going to witness a drastic increase which will positively transform the global farm equipment market.

The global farm equipment market is anticipated to observe notable growth over the forecast period due to the increasing inclusion of technologies in farm machines. Farm machinery producers are focusing on combining technologies such as robotic systems, GPS, and Google Earth into existing machinery to enhance productivity. Furthermore, another important reason for the prognosticated increase is government subsidies and reduced rates proposed to farmers in developing economies to use advanced agricultural equipment.

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Global Farm Equipment Market, by Tractor Power Output + <30+ 31–70+ 71–130+ 131–250+ >250

Global Farm Equipment Market, by Drive+ Two wheel drive (2WD)+ Four wheel drive (4WD)+ Autonomous

Global Farm Equipment Market, by Equipment Type + Combines+ Baler+ Sprayer

Global Farm Equipment Market, by Application+ Plow & Cultivate+ Sow & Planting+ Harvesting+ Plant Protection & Fertilizing

Global Farm Equipment Market, by Region + North America+ Latin America + Europe + Asia Pacific + Rest of the World

Companies Profiled: + John Deere+ CNH Industrial+ Mahindra & Mahindra+ AGCO Corporation+ Kubota Corporation+ Claas KGaA+ Iseki & Co.+ JCB+ SDF Group+ Yanmar

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Competitive Landscape: + Tier 1 players- established companies in the market with a major market share + Tier 2 players + Emerging players which are growing rapidly + New Entrants

FutureWise Key Takeaways + Growth prospects + SWOT analysis + Key trends + Key data-points affecting market growth

Objectives of the Study: + To provide an exhaustive analysis of the global farm equipment market on the basis of tractor power output, equipment type, by application, and regions+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) + To evaluate and forecast micro-markets and the overall market + To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East + To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions + Profiling of companies to evaluate their market shares, strategies, financials and core competencies

Table of Contents

Introduction

Objectives

Market Definition

Research Methodology

Research Data

Secondary Data

Market Size Estimation

Executive Summary

Premium Insights

Market Overview

Introduction

Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Industry Trends

Introduction

Global Crop Production

Farm Equipment Market Trends: Indian Tractors

Farm Equipment Market Share: Indian Farm Tractors

India: Key Industry Trends

Tractor Sales, By States, 2018 vs 2019

Revenue Impact and Growth

Farm Tractor Market, By Power Output

Introduction

<30 hp

31–70 hp

71–130 hp

131–250 hp

>250 hp

>250 hp Tractors are Essential in Organized Farming Activities

Farm Tractor Market, By Drive Type

Introduction

Two-Wheel Drive

Four-Wheel Drive

Autonomous Tractor Market, By Power Output

Introduction

<30 hp

31–100 hp

>100 hp

Farm Equipment Market, By Equipment Type

Introduction

Combines

Crop

1.Balers

2.Sprayers

Implement Market, By Function

Plowing & Cultivating

Sowing & Planting

Plant Protection & Fertilizing

Harvesting & Threshing

Others

Farm Equipment Rental Market, By Type

Introduction

Tractors

Combines

Others

Farm Tractor Market, By Region

Asia Oceania

Australia

China

India

Japan

South Korea

Asia Oceania Others

Europe

France

Germany

Italy

Poland

Russia

Spain

Turkey

UK

Europe Others

North America

Canada

Mexico

RoW

Argentina

Brazil

RoW Others

Competitive Landscape

Overview

Farm Equipment Market: Market Share Analysis

Competitive Leadership Mapping

Company Profiles

John Deere

CNH Industrial

Mahindra & Mahindra

AGCO Corporation

Kubota Corporation

Claas KGaA

Iseki & Co.

JCB

SDF Group

Yanmar

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