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Agriculture Equipment Market - Global Industry Analysis

Agriculture Equipment Market - By Product Type (Harvesters, Tractors, Irrigation & Crop Processing Equipment, Spraying Equipment, Hay & Forage Equipment, and Others), By Application (Land Development & Seed Bed Preparation, Sowing & Planting, Weed Cultivation, Plant Protection, Harvesting & Threshing, and Post-harvest & Agro Processing), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 12-Feb-2020 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-5230 Status : Published

Global Agriculture Equipment market, which was estimated at approximately 137 (USD Billion) in 2019 and is predicted to accrue earnings worth nearly 149(USD Billion) by 2026, is set to record a CAGR of nearly 8.7% over 2020-2026.

Description

The global Agriculture Equipment market, which was estimated at approximately 137 (USD Billion) in 2019 and is predicted to accrue earnings worth nearly 149(USD Billion) by 2026, is set to record a CAGR of nearly 8.7% over 2020-2026. The report offers valuation and analysis of Agriculture Equipment market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Agriculture equipment facilitates easy farming and helps in making the farming process simple & profitable. It enhances crop quality and minimizes costs of labor. Farming instruments include hand sickle, axe, hoe, shovel & spade, and pickaxe. Various agriculture equipment manufacturers are focusing on integration of myriad systems like Google Earth, Robotic Systems, and GPS into the farming device for enhancing its efficiency.

Furthermore, traditional farming methods like plowing, tilling, and seeding are being replaced with new agricultural techniques and this will further create lucrative demand for the product over the ensuing years. In addition to this, use of advanced farming instruments like spraying instrument, harvesters, hay & forage device, and crop & irrigation processing device is being utilized in myriad farming activities for increasing crop output having high quality.

Global Agriculture Equipment Market

Market Growth Drivers

Surge in the global population has resulted in massive food demand and this has transformed into demand for cost-effective methods of yielding more crop with new farming instruments. This, in turn, is likely to drive the market trends.  Evolution of contract farming activities and available of loans for purchasing new farming equipment will steer the market demand over the forthcoming years. In addition to this, rise in the sustainable farming activities and growing use of drip irrigation in farming will facilitate the product penetration in farming sector globally.

Additionally, need for enhancing the returns from farming sector along with need for enhancing the country’s economy through increase in GDP will result in massive product demand over the coming years. Apparently, surging labor costs and use of robotic systems & GPS in agriculture activities will inflate the market size over the forecasting timeframe. Nonetheless, oscillating raw material costs and high agriculture equipment prices will put brakes on the market surge in the years ahead.

Asia Pacific Market To Acquire Numero Uno Position By 2026

The expansion of the industry in the sub-continent over the estimated timeline is due to the large part of the economy of the countries of the region is dependent on farming sector. Moreover, a large population has farming as its chief occupation in the region and this will further enhance the product penetration in the sub-continent over the ensuing years. With population explosion witnessed in the countries of the Asia Pacific zone, the acceptance of the farming equipment is necessary in agricultural sector to increase crop production. Apparently, favorable government norms like incentives for farming sector and growing awareness about the product benefits among the farmers will steer the regional market trends. Large-scale usage of high-powered tractors in farming will steer the business sphere in the sub-continent.

Key players impacting the expansion of the industry are CNH Industrial N.V., Kubota, AGCO, Mahindra & Mahindra, John Deere, and Iseki & Co., Ltd.

The global agriculture equipment market is segmented as follows:

By Product

  • Tractors
  • Harvesters
  • Planting Equipment
      • Row Crop Planters
      • Air Seeders
      • Grain Drills
      • Others
  • Irrigation & Crop Processing Equipment
  • Spraying Equipment
  • Hay & Forage Equipment
  • Others

By Application

  • Land Development & Seed Bed Preparation
    • Sowing & Planting
    • Weed Cultivation
    • Plant Protection
    • Harvesting & Threshing
    • Post-harvest & Agro Processing

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Agriculture Equipment Market, 2016-2025 (USD Billion)
    • 2.2. Agriculture Equipment Market: Snapshot
  • Chapter 3. Global Agriculture Equipment Market- Industry Analysis
    • 3.1. Agriculture Equipment Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Massive application of new technologies in agriculture
      • 3.2.2. Large-scale use of robots in the farming activities
    • 3.3. Porter's Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product Type
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis by Region
  • Chapter 4. Global Agriculture Equipment Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Agriculture Equipment Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product Type launches
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Agriculture Equipment Market-Product Type Analysis
    • 5.1. Global Agriculture Equipment Market overview: By Product Type
      • 5.1.1. Global Agriculture Equipment Market share, By Product Type ,2018 and 2025
    • 5.2. Harvesters
      • 5.2.1. Global Agriculture Equipment Market by Harvesters, 2016-2025 (USD Billion)
    • 5.3. Tractors
      • 5.3.1. Global Agriculture Equipment Market by Tractors, 2016-2025 (USD Billion)
    • 5.4. Irrigation & Crop Processing Equipment
      • 5.4.1. Global Agriculture Equipment Market by Irrigation & Crop Processing Equipment, 2016-2025 (USD Billion)
    • 5.5. Spraying Equipment
      • 5.5.1. Global Agriculture Equipment Market by Spraying Equipment, 2016-2025 (USD Billion)
    • 5.6. Hay & Forage Equipment
      • 5.6.1. Global Agriculture Equipment Market by Hay & Forage Equipment, 2016-2025 (USD Billion)
    • 5.7. Others
      • 5.7.1. Global Agriculture Equipment Market by Others, 2016-2025 (USD Billion)
  • Chapter 6. Global Agriculture Equipment Market- Application Analysis
    • 6.1. Global Agriculture Equipment Market overview: By Application
      • 6.1.1. Global Agriculture Equipment Market share, By Application, 2018 and 2025
    • 6.2. Land Development & Seed Bed Preparation
      • 6.2.1. Global Agriculture Equipment Market By Land Development & Seed Bed Preparation, 2016-2025 (USD Billion)
    • 6.3. Sowing & Planting
    • 6.4. Global Agriculture Equipment Market By Sowing & Planting, 2016-2025 (USD Billion)
    • 6.5. Weed Cultivation
      • 6.5.1. Global Agriculture Equipment Market By Weed Cultivation, 2016-2025 (USD Billion)
    • 6.6. Plant Protection
      • 6.6.1. Global Agriculture Equipment Market By Weed Cultivation, 2016-2025 (USD Billion)
    • 6.7. Harvesting & Threshing
    • 6.8. Global Agriculture Equipment Market By Harvesting & Threshing, 2016-2025 (USD Billion)
    • 6.9. Post-harvest & Agro Processing
      • 6.9.1. Global Agriculture Equipment Market By Post-harvest & Agro Processing, 2016-2025 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. AGCO
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Mahindra & Mahindra
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. John Deere
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Kubota
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. CNH Industrial N.V.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Iseki & Co., Ltd.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development

Methodology


Frequently Asked Questions

Surge in the global population has resulted in massive food demand and this has transformed into demand for cost-effective methods of yielding more crop with new farming instruments. This, in turn, is likely to drive the market trends.  Evolution of contract farming activities and available of loans for purchasing new farming equipment will steer the market demand over the forthcoming years. In addition to this, rise in the sustainable farming activities and growing use of drip irrigation in farming will facilitate the product penetration in farming sector globally. Additionally, need for enhancing the returns from farming sector along with need for enhancing the country’s economy through increase in GDP will result in massive product demand over the coming years.

According to Zion market research report, the global Agriculture Equipment market, which was estimated at approximately 137 (USD Billion) in 2019 and is predicted to accrue earnings worth nearly 149 (USD Billion) by 2026, is set to record a CAGR of nearly 8.7% over 2020-2026.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be credited to the large part of the economy of the countries of the region is dependent on farming sector. Moreover, a large population has farming as its chief occupation in the region and this will further enhance the product penetration in the sub-continent over the ensuing years. With population explosion witnessed in the countries of the Asia Pacific zone, the acceptance of the farming equipment is necessary in agricultural sector to increase crop production. Apparently, favorable government norms like incentives for farming sector and growing awareness about the product benefits among the farmers will steer the regional market trends.  

The key players profiled in the report include CNH Industrial N.V., Kubota, AGCO, Mahindra & Mahindra, John Deere, and Iseki & Co., Ltd. With the industry being highly fragmented, the players are trying to acquire maximum share of the market through various promotional activities and by carrying loyalty programs for repeat purchases of the equipment.

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