+91-8668442535
Home / Agriculture / Agricultur

Agricultural and Farm Machinery Market By Product (Tractor, Soil Working Equipment, Sowing, Plant Protection and Fertilizing Equipment, Harvesting Machinery, Haying Machinery & Others, Parts and Attachments) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

The global agricultural and farm machinery market is expected to see considerable growth through the forecast period with rising farm income and the increasing mechanization of farming methods. In addition, improving economic conditions and rising demand for advanced machinery from replacement markets are also spurring the demand for agricultural and farm machinery. Furthermore, increasing farm income with rising prices of food commodities and flexible credit policies motivate farmers to invest in advanced machinery. All these factors represent a positive outlook for agricultural and farm machinery manufacturers and other players in this industry's value chain.

The research study includes current and future demand-supply, technology, pricing, and consumption trends in the global agricultural and farm machinery market. This study provides an in-depth analysis of the production and consumption of agricultural and farm machinery. The report also includes a comprehensive analysis of market drivers, restraints, and opportunities influencing the growth of this market. The report also includes high-level analysis such as value chain analysis, market potential analysis, and PESTEL analysis to identify key investment areas in this market.

The report also includes market estimates and forecasts of different types of agricultural and farm machinery equipment in revenue and volume. This market is classified based on product type and region. The report also provides a cross-sectional analysis on a regional basis, i.e., the regional market size by product. This report includes market estimates (2013 & 2014) and forecasts for 2015 – 2022 in volume and revenue. The report also provides the market size of agricultural and farm machinery in major countries in each region. 

The report profiles key agricultural and farm machinery manufacturers in the global market. These profiles include detailed information about the business overview, product portfolio, recent development, and regional positioning of these manufacturers. The report also provides an in-depth analysis of the market competition and the positioning of key market players along with their market-winning strategies.

The global agricultural and farm machinery market is classified into the following categories:

  • Tractors
  • Soil Working Equipment
  • Sowing, Plant Protection, and Fertilizing
  • Harvesting Machinery
  • Haying Machinery
  • Other Agricultural Machinery
  • Parts and Attachments

By Region

  • North America
  • US
  • Rest of North America
  • Europe
  • EU7
  • CIS
  • Rest of Europe
  • Asia-Pacific (APAC)
  • India
  • China
  • Japan
  • Australia
  • Southeast Asia
  • Rest of APAC
  • Rest of the World
  • South America
  • Middle East
  • Africa

We have considered the following type of machinery and equipment to estimate the market size of the overall agricultural and farm machinery market:

  • Tractors
  • Soil Working Equipment
  • Sowing, Plant Protection, and Fertilizing
  • Harvesting Machinery
  • Haying Machinery
  • Other Agricultural Machinery
  • Parts and Attachments

Plowing and cultivating machinery represents the fastest growing segment by product, with an increase in the purchase of more complex and larger equipment to improve the productivity of farms. The parts and machinery segment is expected to grow at a slower pace due to the increased durability of modern machinery and equipment. The farm tractors category accounted for the largest segment by revenue and is expected to dominate throughout the forecast period 2015 – 2022. Increasing mechanization in India, China, and other emerging market is the major influencing factor for the growth of farm tractors. Manufacturers worldwide focus on producing above 120 hp due to the rising demand for high-power farm tractors. India is the largest producer as well as the largest producer of farm tractors. However, China represents the largest consumer of farm tractors. Increasing subsidies for agricultural machinery motivate farmers to purchase high-capacity and advanced farm tractors. In addition, rising demand for food commodities and shortage of arable lands are resulting in increasing mechanization across the world. This is expected to increase the demand for agricultural and farm machinery worldwide.

The global agricultural and farm machinery market is classified into four major regions i.e. North America, Europe, Asia Pacific, and the Rest of the World (RoW). The Rest of the agricultural and farm machinery market is further classified into South America, Africa, and Middle East.

Developed markets such as the U.S., Japan, and Western Europe are expected to see slow growth due to heavily mechanized sectors in these regions. Most of the growth in developed markets is expected from replacement markets, as farmers in these countries are replacing outdated machinery with advanced equipment to increase productivity. In addition, governments in these countries are also providing flexible credit policies to purchase advanced farm machinery to increase productivity and match the national food demand. Germany is the largest exporter of agricultural and farm machinery and accounted for 16.0% of the total exports worldwide in 2014. 

The Asia Pacific accounted for the largest revenue share in the global agricultural and farm machinery market. India, China, Thailand, South Korea, Japan, and Australia are major agricultural and farm machinery markets in this region. Asia Pacific is also expected to see the fastest growth through the forecast period 2015 – 2022 with rapidly increasing mechanization of agricultural activities, particularly in Indi and China. In addition, South Africa, Brazil, Algeria, Morocco, and Tunisia are some major markets for agricultural and farm machinery in the rest of the world region.

Frequently Asked Questions:

The market for Agricultural and Farm Machinery is expected to reach US$ XX Bn in 2022.

The Agricultural and Farm Machinery market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015-2022.

The base year of this report is 2021.

AGCO Corporation, Kubota Corporation, CNH Global N.V.., Yamabiko Corporation, Deere & Company are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  May 2016
Category:  Agriculture
Report ID:   57846
Report Format:   PDF
Pages:   120
Rating:    4.3 (50)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support