Farm Equipment Market by Tractor Power Output (<30,3170,71130,131250,>250HP), Drive (2WD,4WD) & Autonomous, Combines, Baler, Sprayer, implement (Plowing & Cultivating, Sowing & Planting, Harvesting & Threshing), Rental & Region - Global Forecast to 2025
[225 Pages Report] The farm equipment market is projected to reach USD 113.0 billion by 2025 from an estimated USD 92.2 billion in 2020 at a CAGR of 4.2% during the forecast period. Government support to farmers in the form of loan waivers/credit finance/subsidized loans to drive farm mechanization is expected to be the major reason for the growth of farm equipment market.
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The farm equipment market is estimated to witness a slight downturn in 2020, owing to the COVID-19 and reluctance of farmers to purchase expensive high-powered farm equipment. However, the resumption of manufacturing facilities, opening up of international borders, good monsoon conditions in equatorial regions and government support to the agricultural industry are likely to restore momentum to a great extent by the end of the year. Governments around globe have taken several measures to tackle this pandemic, as well as boost the growth of the agriculture sector. For example, the US government announced a USD 19 billion relief program to farmers, including USD 16 billion in direct payments to producers.
Farm Equipment Market Dynamics
Driver: Government support with farm loan waivers/credit finance
The implementation of farm loan waiver schemes encourages farmers to buy farm equipment. Governments launched various schemes in different parts of the world to relieve farmers from their loans and encourage farm mechanization. For instance, the US Farm Service Agency provides guaranteed and direct farm ownership and operating loans to family-size farmers that are unable to obtain commercial credit from a bank, Farm Credit System institution, or other lenders. FSA loans can also be used to purchase land, livestock, equipment, feed, seed, and supplies. Every year, the government spends a lot of money on various subsidies to drive the agricultural sector. As farm equipment such as tractors, combines, and harvesters are expensive, it is challenging for farmers to purchase these equipment with their limited sources of funding. Therefore, several governments have increased their support in the form of subsidies/credits to encourage farmers to adopt modern farming equipment to increase food production.
Restraint: High cost of equipment in emerging economies
Continuous R&D efforts have resulted in the development of advanced products that are capable of handling multiple tasks. Advanced machinery includes complex mechatronic systems that require specialized manufacturing and assembly processes. All the steps involved in the designing, production, and distribution of the equipment require huge investments, which is reflected in the cost of the machinery made available to farmers. The inability of small farmers to invest a high amount contributes to the low penetration rate of farm equipment in developing countries. Farmers in emerging economies such as Asia-Oceania are reluctant to invest in expensive machinery. However, the adoption of farm equipment in North America and Europe is high due to the unavailability of labor and the high cost of farm labor.
Opportunities: Precision agriculture
The agriculture industry is under constant pressure to produce agricultural products to cater to the growing population, which has compelled farmers to focus on efficiency and productivity to drive business growth. Precision farming is becoming common among farmers who want to produce more with limited resources. This technique of farming could effectively tackle the issue of high demand for food across geographies. This technique also allows farmers to improve their operational efficiency and increase production, thereby minimizing the gap between the supply and consumption of agricultural products. Precision farming technology facilitates the efficient use of resources such as water, seeds, land, and fertilizers, and agricultural equipment, which, in turn, improves the overall quantity and quality of yields. newly released agricultural drones to large farms, local governments, and distributors of agricultural products. Thus, the demand for precision agriculture is an opportunity for OEMs as they provide enhanced productivity to farmers.
Challenges: Rapidly changing emission norms and mandates
Various companies such as CNH Industrial, John Deere, and AGCO have expressed concerns related to emission regulations in different parts of the world. The implementation of emission norms may limit the sales of construction and agricultural machinery. With amendments in emission regulations, significant investments are required in research and development. Each market has its own emission norms that increase the level of complexity while designing components, mainly engine.
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>250 HP tractors are expected to be the fastest market during the forecast period
>250 HP tractors are expected to be the fastest-growing market during the forecast period. Europe is the largest market for high-powered tractors because of the increasing traction of tractors with high-pulling power and the growing demand for commercial agriculture. Frequent new product launches of high-powered tractors by companies and farmers preference to invest in high-powered equipment are driving the market for tractors. Also, various benefits such as higher load carrying, better traction & control, and cultivating capacities is expected to boost its popularity in the coming years.
Tractor expected to remain the fastest and largest in equipment rental market
Tractors hold the largest share among all the rented farm equipment. Companies are collaborating with application companies to promote leasing business and encourage farmers to use farm equipment at affordable prices. The rental market for tractors in developing is expected to grow significantly during the forecast period, owing to the increasing farm mechanization and the growth of rental services. Thus, rising concerns over farm productivity across the globe and increasing farm mechanization would subsequently impel the growth of the tractor rental market during the forecast period.
Two-wheel drive is estimated to be the largest market during the forecast period
Two-wheel drive tractors are suitable for sowing, pasture topping, and fertilizer spreading. These tractors are used on livestock, orchard, vineyard, or crop farms. Some of the advantages of the two-wheel drive are that they have a smaller turning circle, fewer mechanical parts, and lower purchase price. Developing countries holds the largest market for two-wheel drive tractors, majorly due to its price-sensitive nature. These tractors are popular in emerging countries such as India, China, and Japan with small farm sizes, as two-wheel drive tractors are less expensive, and their repair costs are less as well.
Asia Oceania is the largest market for farm equipment in the forecast period
Asia Oceania is the largest market in the forecast period due to the growing demand for high-powered tractors, growing horticulture industry and financial incentives by the government. Increasing government policies to promote agriculture mechanization, precision agriculture is expected to propel the farm equipment market. Several companies boost tractor sales in Asia Oceania with their new product launches and enhancements as per regions market demands at competitive prices. This is also expected to be a driving factor in the Asia Oceania farm tractor market.
Key Market Players
The farm equipment market is dominated by globally established players such as John Deere (US), CNH Industrial (The Netherlands), AGCO (US), CLAAS (Germany), Mahindra & Mahindra (India), and Kubota (Japan). These companies are key players in the farm equipment technology and adhere to strategies such as new product developments and strategic expansions through collaborations, partnerships, and mergers & acquisitions to gain traction in the growing demand for farm equipment.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20182025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Volume (Thousand Units) & Value (USD Million) |
|
Segments covered |
|
|
Geographies covered |
Asia Oceania, Europe, North America and RoW |
|
Companies covered |
John Deere (US), CNH Industrial (The Netherlands), AGCO (US), CLAAS (Germany), Mahindra & Mahindra (India), and Kubota (Japan) |
This research report categorizes the given market, based farm tractor market by power output, farm tractor market by drive type, farm implements market by function, farm equipment market by equipment type, farm equipment rental market by equipment type, farm tractor rental market by power output, farm tractor rental market by drive type, autonomous tractor by power output and farm tractor market by region
Based on the farm tractor market by power output, the market has been segmented as follows:
- <30 HP
- 31-70 HP
- 71-130 HP
- 131-250 HP
- >250 HP
Based on the farm tractor market by drive type, the market has been segmented as follows:
- Two-wheel drive
- Four-wheel drive
Based on farm equipment market by equipment type, the market has been segmented as follows:
- Combines (Cereal, Non-cereal)
- Balers
- Sprayers
Based on the Implements market by function, the market has been segmented as follows:
- Plowing & Cultivating
- Sowing & Planting
- Plant Protection & Fertilizing
- Harvesting & Threshing
- Others
Based on farm equipment rental market by equipment type, the market has been segmented as follows:
- Tractors
- Combines
- Others
Based on farm tractor rental market by power output, the market has been segmented as follows:
- <30 HP
- 31-70 HP
- 71-130 HP
- 131-250 HP
- >250 HP
Based on farm tractor rental market by drive type, the market has been segmented as follows:
- Two-wheel drive
- Four-wheel drive
Based on autonomous tractor by power output, the market has been segmented as follows:
- <30 HP
- 31-100 HP
- >100 HP
Based on farm tractor market by Region, the market has been segmented as follows:
- Asia Pacific
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Oceania
- Europe
- France
- Germany
- Italy
- Poland
- Russia
- Spain
- Turkey
- UK
- Rest of Europe
- North America
- US
- Canada
- Mexico
- Rest of the World
- Brazil
- Argentina
- Rest of RoW
Recent Developments
- In July 2020, John Deere unveiled its new CP18E, CP24E, and CP30E cold planers. These new attachments help operators who work on street repairs, leveling uneven pavement, texturing pavement, and cleaning around larger milling machines.
- In June 2020, Massey Ferguson (brand of AGCO) announced the launch of its new MF 4700 M Series, which includes three new models from 82hp to 100hp, with the option of a completely new Dyna-2, 24 x 24 Powershift transmission.
- In March 2020, Kubota Corporation announced to invest in an Indian leading tractor manufacturer, Escorts Limited. Through this investment, Kubota intends to increase its presence in India - the worlds largest tractor market.
- In December 2019, CNH Industrial N.V acquired K Line Ag, an Australian agricultural tillage and residue management equipment manufacturer.
- In November 2019, Mahindra & Mahindra Ltd. (M&M) showcased innovative Precision Farming solutions powered by advanced digital technologies for the very first time, at Agritechnica 2019. The new solutions include a Smart Fertilizing Solution and a Smart Spraying Solution that can translate the power of imagery analytics, artificial intelligence, and machine learning into commercial benefits for the small landholders.
Frequently Asked Questions (FAQ):
What is the current size of the global farm equipment market?
The global farm equipment market is estimated to be USD 92,214 million in 2020 an is projected to reach USD 113,012 by 2025 at a CAGR of 4.2%.
Who are the top key players in the farm equipment market?
John Deere, CNH industrial, AGCO, CLAAS, Kubota and Mahindra Mahindra are top key players in the farm euipment market. Moreover, these companies develop new products as per market demands and have effective supply chain strategies. Such advantages give these companies an edge over other companies that are component providers.
What is the COVID-19 impact on the farm eqiment market?
Although, COVID-19 has impacted the global automotive industry, the agriculture industry is the least impacted in the off-highway industry. Government monetary aid to farmers, eased lockddown relaxations for the agriulture industry and efforts by various OEMs to tackle boost the farm equipment sales is expecetd to maintain stability in the market. Thus, svery slight impact is observed on the farm equipment market.
What are the trends in the global farm euipment market?
Imlplementation of precision technology in agriculture machinery and popularity of high-powered tractors coupled with four-wheel drive are the trends in the global farm equipment market. Deveopments in autonomous tractors are also expecetdd to create future opportunities in the market.
What is the future of the farm equipment rental market?
Tractors are expected to be the largest market in rental market. Implementation of advanced technology in farm equipment such as tractors, balers, sprayers etc are expected to raise the prices. Thus, in dost-sensitive countries such as China, India, farmers may opt for renting high-cost equipment than investing in them. Also, launches of various digital rental services such as Trringo, JFarm Services is expected to incease awareness about rental services in developing countries. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
FIGURE 1 MARKET SEGMENTATION: FARM EQUIPMENT MARKET
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 31)
2.1 RESEARCH DATA
FIGURE 2 FARM EQUIPMENT MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.2 SECONDARY DATA
2.2.1 KEY SECONDARY SOURCES FOR FARM EQUIPMENT SALES STATISTICS
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
2.2.3 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
2.3.2 PRIMARY PARTICIPANTS
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 5 FARM TRACTOR MARKET: BOTTOM-UP APPROACH
FIGURE 6 FARM TRACTOR RENTAL MARKET: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 7 IMPLEMENT MARKET: TOP-DOWN APPROACH
2.5 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.6 ASSUMPTIONS
2.7 RISK ASSESSMENT & RANGES
TABLE 1 RISK ASSESSMENT & RANGES
3 EXECUTIVE SUMMARY (Page No. - 43)
3.1 PRE- AND POST-COVID-19 SCENARIOS
FIGURE 9 PRE- & POST-COVID-19 SCENARIOS: FARM EQUIPMENT MARKET, 2018-2025 (USD BILLION)
TABLE 2 FARM EQUIPMENT MARKET: PRE- & POST-COVID-19 SCENARIOS, 20182025 (USD BILLION)
3.2 REPORT SUMMARY
FIGURE 10 FARM EQUIPMENT MARKET: GLOBAL OUTLOOK
FIGURE 11 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20202025 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 48)
4.1 FARM EQUIPMENT MARKET TRENDS, FORECASTS & OPPORTUNITIES
FIGURE 12 ATTRACTIVE MARKET OPPORTUNITIES IN THE FARM EQUIPMENT MARKET
4.2 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE
FIGURE 13 TRACTORS ACCOUNTED FOR THE LARGEST SHARE OF FARM EQUIPMENT RENTAL MARKET IN 2020
4.3 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE
FIGURE 14 CEREAL COMBINES MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
4.4 FARM TRACTOR MARKET, BY REGION
FIGURE 15 ASIA OCEANIA IS ESTIMATED TO HOLD THE LARGEST SHARE OF FARM TRACTOR MARKET IN 2020
4.5 FARM TRACTOR MARKET, BY DRIVE TYPE
FIGURE 16 TWO-WHEEL DRIVE EXPECTED TO LEAD THE FARM TRACTOR MARKET FROM 2020 TO 2025
4.6 FARM TRACTOR MARKET, BY POWER OUTPUT
FIGURE 17 >250 HP MARKET EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
4.7 IMPLEMENTS MARKET, BY FUNCTION
FIGURE 18 PLOWING & CULTIVATING IS ESTIMATED TO LEAD THE IMPLEMENTS MARKET FROM 2020 TO 2025
4.8 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT
FIGURE 19 <30 HP MARKET EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
4.9 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE
FIGURE 20 TWO-WHEEL DRIVE IS ESTIMATED TO LEAD THE FARM TRACTOR RENTAL MARKET IN 2020
4.1 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT
FIGURE 21 31-70 HP IS ESTIMATED TO LEAD THE FARM TRACTOR RENTAL MARKET FROM 20202025
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
5.2 YEARS CONSIDERED FOR THE STUDY
5.3 GLOBAL HEALTHCARE & ECONOMY RECOVERY FROM COVID-19 IMPACT & HEALTH ASSESSMENT
FIGURE 22 COVID-19 PROPAGATION: SELECT COUNTRIES
5.4 MARKET DYNAMICS
FIGURE 23 FARM EQUIPMENT MARKET DYNAMICS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.4.1 DRIVERS
5.4.1.1 Government support with farm loan waivers/credit finance
5.4.1.2 OEM/sales incentives to support dealer service and rental operations
5.4.1.3 Contract farming
TABLE 3 CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING
TABLE 4 SAMPLE SIZE AND PREVALENCE OF CONTRACT FARMING, 2019
5.4.1.4 Increase in farm mechanization
FIGURE 24 MECHANIZATION RATE AND CONTRIBUTION OF AGRICULTURE INDUSTRY TO GDP IN MAJOR GEOGRAPHIES, 2019
TABLE 5 MECHANIZATION RATE IN INDIA FOR SEVERAL AGRICULTURAL ACTIVITIES
TABLE 6 SUPPORT FROM REGIONAL GOVERNMENTS
5.4.2 RESTRAINTS
5.4.2.1 Growth of the rental market
TABLE 7 JOHN DEERE: HARVESTERS RENTAL RATES IN THE US, 2019 (USD)
TABLE 8 JOHN DEERE: RENTAL RATES IN THE US, 2019 (USD)
5.4.2.2 High cost of equipment in emerging economies
TABLE 9 PRICES OF TRACTORS IN THE US, 2020 (USD)
TABLE 10 PRICES OF VARIOUS FARM EQUIPMENT IN THE US, 2020 (USD)
5.4.3 OPPORTUNITIES
5.4.3.1 Precision agriculture
5.4.3.2 Increasing R&D and adoption of electric tractors
5.4.4 CHALLENGES
5.4.4.1 Rapidly changing emission norms and mandates
5.5 FARM EQUIPMENT MARKET: SCENARIO ANALYSIS
FIGURE 25 FARM EQUIPMENT MARKET: COVID-19 SCENARIOS
5.5.1 MOST LIKELY/REALISTIC SCENARIO
TABLE 11 REALISTIC SCENARIO: FARM TRACTOR MARKET, BY REGION, 20182025 (USD BILLION)
5.5.2 HIGH COVID-19 IMPACT SCENARIO
TABLE 12 HIGH COVID-19 IMPACT SCENARIO: FARM TRACTOR MARKET, BY REGION, 20182025 (USD BILLION)
5.5.3 LOW COVID-19 IMPACT SCENARIO
TABLE 13 LOW COVID-19 IMPACT SCENARIO: FARM TRACTOR MARKET, BY REGION, 20182025 (USD BILLION)
5.6 REVENUE SHIFT DRIVING MARKET GROWTH
5.7 AVERAGE SELLING PRICE TREND OF TRACTORS
TABLE 14 <30 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2019 (USD)
TABLE 15 31-70 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2019 (USD)
TABLE 16 71-130 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2019 (USD)
TABLE 17 131-250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2019 (USD)
TABLE 18 >250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2019 (USD)
5.8 SUPPLY CHAIN ANALYSIS
5.9 ECOSYSTEM/MARKET MAP
FIGURE 26 FARM EQUIPMENT ECOSYSTEM
5.10 CASE STUDY ANALYSIS
6 FARM TRACTOR MARKET, BY POWER OUTPUT (Page No. - 71)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
6.1.2 ASSUMPTIONS
6.1.3 INDUSTRY INSIGHTS
FIGURE 27 FARM TRACTOR MARKET, BY POWER OUTPUT, 20202025 (USD MILLION)
TABLE 19 FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 20 FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
6.2 <30 HP
6.2.1 SMALL FARM SIZE IN SEVERAL COUNTRIES IS EXPECTED TO DRIVE THE <30 HP TRACTOR MARKET
TABLE 21 <30 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 22 <30 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (USD MILLION)
6.3 3170 HP
6.3.1 GOVERNMENT SUBSIDIES AND LOAN WAIVERS IS EXPECTED TO DRIVE THE 31-70 HP TRACTOR MARKET
TABLE 23 3170 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 24 31-70 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (USD MILLION)
6.4 71130 HP
6.4.1 TRACTORS WITH 71-130 HP ARE SUITABLE FOR LARGE FARMLANDS
TABLE 25 71130 HP: FARM TRACTOR MARKET, BY REGION 20182025 (000 UNITS)
TABLE 26 71-130 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (USD MILLION)
6.5 131250 HP
6.5.1 EUROPE IS THE LEADING MARKET FOR 131250 HP TRACTORS
TABLE 27 131250 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 28 131250 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (USD MILLION)
6.6 >250 HP
6.6.1 >250 HP TRACTORS ARE ESSENTIAL IN ORGANIZED FARMING ACTIVITIES
TABLE 29 >250 HP: FARM TRACTOR MARKET, BY REGION, 2018-2025 (000 UNITS)
TABLE 30 >250 HP: FARM TRACTOR MARKET, BY REGION, 20182025 (USD MILLION)
7 FARM TRACTOR MARKET, BY DRIVE TYPE (Page No. - 80)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 28 FARM TRACTOR MARKET, BY DRIVE TYPE, 2020-2025 (USD MILLION)
TABLE 31 FARM TRACTOR MARKET, BY DRIVE TYPE, 20182025 (000 UNITS)
TABLE 32 FARM TRACTOR MARKET, BY DRIVE TYPE, 20182025 (USD MILLION)
7.2 TWO-WHEEL DRIVE
7.2.1 TWO-WHEEL DRIVE TRACTORS ARE SUITABLE FOR SOWING, PASTURE TOPPING, AND FERTILIZER SPREADING
TABLE 33 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018-2025 (000 UNITS)
TABLE 34 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018-2025 (USD MILLION)
7.3 FOUR-WHEEL DRIVE
7.3.1 INCREASING LAUNCHES OF LOW-POWERED FOUR-WHEEL DRIVE TRACTORS IS EXPECTED TO DRIVE THIS MARKET
TABLE 35 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 36 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 2018-2025 (USD MILLION)
8 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 86)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 29 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20202025 (USD MILLION)
TABLE 37 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20182025 (000 UNITS)
TABLE 38 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20182025 (USD MILLION)
8.2 CEREAL COMBINES
8.2.1 INCREASING FARM MECHANIZATION IS EXPECTED TO DRIVE DEMAND FOR COMBINES FOR CEREAL CROPS
TABLE 39 CEREAL COMBINES MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 40 CEREAL COMBINES MARKET, BY REGION, 20182025 (USD MILLION)
8.3 NON-CEREAL COMBINES
8.3.1 IMPROVED SILAGE QUALITY DRIVE THE DEMAND FOR FORAGE HARVESTERS
TABLE 41 NON-CEREAL COMBINES MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 42 NON-CEREAL COMBINES MARKET, BY REGION, 20182025 (USD MILLION)
8.4 BALERS
8.4.1 MINIMIZED WASTAGE AND INCREASED PRODUCTIVITY ARE DRIVE BALERS MARKET
TABLE 43 BALERS MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 44 BALERS MARKET, BY REGION, 2018-2025 (USD MILLION)
8.5 SPRAYERS
8.5.1 LARGE-SCALE PRODUCTION DRIVE THE DEMAND FOR FERTILIZERS AND THEREBY SPRAYERS
TABLE 45 SPRAYERS MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 46 SPRAYERS MARKET, BY REGION, 20182025 (USD MILLION)
9 IMPLEMENTS MARKET, BY FUNCTION (Page No. - 94)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 30 IMPLEMENTS MARKET, BY FUNCTION, 20202025 (USD MILLION)
TABLE 47 IMPLEMENTS MARKET, BY FUNCTION, 20182025 (USD MILLION)
9.2 PLOWING & CULTIVATING
9.2.1 PLOWING & CULTIVATING IMPLEMENTS INCREASE POROSITY OF SOIL AND ENHANCE WATER ABSORBING CAPACITY
TABLE 48 PLOWING & CULTIVATING MARKET, BY REGION, 20182025 (USD MILLION)
9.3 SOWING & PLANTING
9.3.1 ADOPTION OF SOWING & PLANTING IMPLEMENTS REDUCES OVERALL COSTS INCURRED BY FARMERS
TABLE 49 SOWING & PLANTING MARKET, BY REGION, 20182025 (USD MILLION)
9.4 PLANT PROTECTION & FERTILIZING
9.4.1 INCREASING CROP PRODUCTION WITH MINIMAL DAMAGE AND ENHANCED FOOD QUALITY WILL PROPEL THE MARKET FOR PLANT PROTECTION & FERTILIZING IMPLEMENTS
TABLE 50 PLANT PROTECTION & FERTILIZING MARKET, BY REGION, 20182025 (USD MILLION)
9.5 HARVESTING & THRESHING
9.5.1 THE DEMAND FOR TRACTOR-MOUNTED HARVESTING AND THRESHING IMPLEMENTS ARE EXPECTED TO WITNESS POTENTIAL GROWTH ESPECIALLY IN EMERGING COUNTRIES
TABLE 51 HARVESTING & THRESHING MARKET, BY REGION, 20182025 (USD MILLION)
9.6 OTHER IMPLEMENTS
9.6.1 SPECIFIC FARMING APPLICATIONS DRIVE THE DEMAND FOR OTHER IMPLEMENTS
TABLE 52 OTHER IMPLEMENTS MARKET, BY REGION, 20182025 (USD MILLION)
10 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE (Page No. - 102)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 31 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 20202025 (USD BILLION)
TABLE 53 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 20182025 (USD BILLION)
10.2 TRACTORS
10.2.1 INCREASING COLLABORATIONS BETWEEN OEMS AND APPLICATION COMPANIES IS EXPECTED TO DRIVE MARKET
TABLE 54 TRACTORS RENTAL MARKET, BY REGION, 20182025 (USD BILLION)
10.3 COMBINES
10.3.1 DEMAND FOR HIGHER PRODUCTIVITY IS EXPECTED TO DRIVE COMBINES RENTAL MARKET
TABLE 55 COMBINES RENTAL MARKET, BY REGION, 20182025 (USD BILLION)
10.4 OTHERS
10.4.1 HIGH COST OF EQUIPMENT IS EXPECTED TO DRIVE FARMERS TO RENT OTHER EQUIPMENT
TABLE 56 OTHERS: FARM EQUIPMENT RENTAL MARKET, BY REGION, 20182025 (USD BILLION)
11 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT (Page No. - 107)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 32 FARM TRACTOR RENTAL MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 57 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
11.2 <30 HP
11.2.1 DEMAND FOR UTILITY/COMPACT TRACTORS IS EXPECTED TO DRIVE<30 HP RENTAL MARKET
TABLE 58 <30 HP TRACTOR RENTAL MARKET, BY REGION, 20182025 (USD MILLION)
11.3 3170 HP
11.3.1 TRACTORS WITH 31-70 HP ARE MODERATELY POWERED AND ARE EASY TO USE
TABLE 59 3170 HP TRACTOR RENTAL MARKET SIZE, BY REGION, 20182025 (USD MILLION)
11.4 71130 HP
11.4.1 THE AMERICAS IS THE LARGEST RENTAL MARKET FOR FARM TRACTOR WITH 71-130 HP
TABLE 60 71130 HP TRACTOR RENTAL MARKET SIZE, BY REGION, 20182025 (USD MILLION)
11.5 131250 HP
11.5.1 DEMAND FOR 131-250 HP TRACTORS IS HIGH IN EUROPE TO PERFORM LARGE-SCALE AGRICULTURAL OPERATIONS
TABLE 61 131250 HP TRACTOR RENTAL MARKET SIZE, BY REGION, 20182025 (USD MILLION)
11.6 >250 HP
11.6.1 INCREASING DEMAND FOR COMMERCIAL FARMING IS EXPECTED TO DRIVE >250 HP MARKET
TABLE 62 >250 HP TRACTOR RENTAL MARKET SIZE, BY REGION, 20182025 (USD MILLION)
12 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE (Page No. - 113)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS
FIGURE 33 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 20202025 (USD MILLION)
TABLE 63 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 20182025 (USD MILLION)
12.2 TWO-WHEEL DRIVE
12.2.1 INCREASED DEMAND FOR RENTAL SERVICES IN EMERGING COUNTRIES IS EXPECTED TO DRIVE THE 2WD RENTAL MARKET
TABLE 64 TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 20182025 (USD MILLION)
12.3 FOUR-WHEEL DRIVE
12.3.1 GROWING DEMAND FOR HIGH-POWERED TRACTORS IS EXPECTED TO DRIVE THIS MARKET
TABLE 65 FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 20182025 (USD MILLION)
13 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT (Page No. - 118)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
13.1.2 ASSUMPTIONS
13.1.3 INDUSTRY INSIGHTS
FIGURE 34 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20222030 (USD MILLION)
TABLE 66 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20222030 (000 UNITS)
TABLE 67 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20222030 (USD MILLION)
13.2 <30 HP
13.2.1 SMALLER FARM SIZES IS EXPECTED TO DRIVE THE DEMAND IN ASIA-OCEANIA
TABLE 68 <30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222030 (000 UNITS)
TABLE 69 <30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222030 (USD MILLION)
13.3 31100 HP
13.3.1 INCREASING DEMAND FOR COMMERCIAL FARMING WITH LARGE FARM SIZES IS EXPECTED TO DRIVE THE 31-100 HP MARKET
TABLE 70 31-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222030 (000 UNITS)
TABLE 71 31-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222030 (USD MILLION)
13.4 >100 HP
13.4.1 INCREASING POPULARITY OF COMMERCIAL FARMING IS EXPECTED TO DRIVE >100 HP MARKET
TABLE 72 >100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222030 (000 UNITS)
TABLE 73 >100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222030 (USD MILLION)
14 FARM TRACTOR MARKET, BY REGION (Page No. - 125)
14.1 INTRODUCTION
14.1.1 RESEARCH METHODOLOGY
14.1.2 ASSUMPTIONS
14.1.3 INDUSTRY INSIGHTS
FIGURE 35 FARM TRACTOR MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 74 FARM TRACTOR MARKET, BY REGION, 20182025 (000 UNITS)
TABLE 75 FARM TRACTOR MARKET, BY REGION, 20182025 (USD MILLION)
14.2 ASIA OCEANIA
FIGURE 36 ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT
TABLE 76 ASIA OCEANIA: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (000 UNITS)
TABLE 77 ASIA-OCEANIA: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (USD MILLION)
14.2.1 AUSTRALIA
14.2.1.1 Government assistance to farmers is expected to drive the market
TABLE 78 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 79 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.2.2 CHINA
14.2.2.1 Favorable government policies to subsidize tractor sales drive in china
TABLE 80 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 81 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.2.3 INDIA
14.2.3.1 Increasing farm mechanization is expected to drive the Indian farm tractor market
TABLE 82 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 83 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.2.4 JAPAN
14.2.4.1 Increasing focus on encouraging agricultural co-operatives is expected to fuel the market in Japan
TABLE 84 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 85 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.2.5 SOUTH KOREA
14.2.5.1 Debt restructuring plans for farmers is expected to drive the South Korean farm tractor market
TABLE 86 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 87 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.2.6 REST OF ASIA OCEANIA
14.2.6.1 Favorable government policies drive the farm tractors market in this region
TABLE 88 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 89 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3 EUROPE
FIGURE 37 EUROPE: FARM TRACTOR MARKET SNAPSHOT
TABLE 90 EUROPE: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (000 UNITS)
TABLE 91 EUROPE: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (USD MILLION)
14.3.1 FRANCE
14.3.1.1 Shortage of labor is expected to drive the farm tractor market in France
TABLE 92 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 93 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.2 GERMANY
14.3.2.1 Increasing demand for high-powered tractors is expected to drive the market in this country
TABLE 94 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 95 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.3 ITALY
14.3.3.1 Increasing popularity of precision agriculture is expected to fuel market in Italy
TABLE 96 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 97 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.4 POLAND
14.3.4.1 Increasing farm subsidies is expected to drive market in Poland
TABLE 98 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 99 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.5 RUSSIA
14.3.5.1 Small and medium-sized farms are expected to propel the market in this country
TABLE 100 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 101 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.6 SPAIN
14.3.6.1 Shortage of labor and increasing focus on precision agriculture are expected to fuel market in Spain
TABLE 102 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 103 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.7 TURKEY
14.3.7.1 Increasing farm sizes & favorable government policies are expected to propel the market in Turkey
TABLE 104 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 105 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.8 UK
14.3.8.1 Growing demand for high-powered tractors is expected to drive the market in the UK
TABLE 106 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 107 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.3.9 REST OF EUROPE
14.3.9.1 Financial aids from the governments of the countries are expected to drive the market in this region
TABLE 108 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 109 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.4 NORTH AMERICA
FIGURE 38 NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY, 20202025 (USD MILLION)
TABLE 110 NORTH AMERICA: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (000 UNITS)
TABLE 111 NORTH AMERICA: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (USD MILLION)
14.4.1 CANADA
14.4.1.1 Growing farm mechanization and investment by government for crop production are expected to drive market in this country
TABLE 112 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 113 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.4.2 MEXICO
14.4.2.1 Government support and presence of OEMs fuel the market in Mexico
TABLE 114 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 115 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.4.3 US
14.4.3.1 Presence of key players is expected to boost the tractors market in the US
TABLE 116 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 117 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.5 ROW
FIGURE 39 ROW FARM TRACTOR MARKET, BY COUNTRY, 20202025 (USD MILLION)
TABLE 118 ROW: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (000 UNITS)
TABLE 119 ROW: FARM TRACTOR MARKER, BY COUNTRY, 20182025 (USD MILLION)
14.5.1 ARGENTINA
14.5.1.1 Focus of key players in manufacturing tractors is expected to drive the market in Argentina
TABLE 120 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 121 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.5.2 BRAZIL
14.5.2.1 Increasing export of tractors drive the market in this country
TABLE 122 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 123 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
14.5.3 REST OF ROW
14.5.3.1 Exports of produce and government subsidies propel the market in this region
TABLE 124 REST OF ROW: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (000 UNITS)
TABLE 125 REST OF ROW: FARM TRACTOR MARKET, BY POWER OUTPUT, 20182025 (USD MILLION)
15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 157)
15.1 ASIA OCEANIA IS A POTENTIAL MARKET FOR FARM EQUIPMENT
15.2 COMPANIES SHOULD INCREASE FOCUS ON FOUR-WHEEL DRIVE TRACTORS
15.3 GROWTH OF AUTONOMOUS TRACTORS IN THE COMING YEARS
15.4 CONCLUSION
16 COMPETITIVE LANDSCAPE (Page No. - 159)
16.1 OVERVIEW
16.2 MARKET EVALUATION FRAMEWORK
FIGURE 40 FARM EQUIPMENT MARKET EVALUATION FRAMEWORK
16.3 MARKET SHARE ANALYSIS
FIGURE 41 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2019
16.4 REVENUE ANALYSIS OF TOP FIVE PLAYERS
16.5 KEY MARKET DEVELOPMENTS
FIGURE 42 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS A KEY GROWTH STRATEGY, 2018-2020
16.6 COMPETITIVE SCENARIO
16.6.1 NEW PRODUCT DEVELOPMENT
TABLE 126 NEW PRODUCT DEVELOPMENT, 2019-2020
16.6.2 EXPANSIONS
TABLE 127 EXPANSIONS, 2019-2020
16.6.3 ACQUISITIONS
TABLE 128 ACQUISITIONS, 2019-2020
16.6.4 INVESTMENT/AGREEMENTS
TABLE 129 INVESTMENTS/AGREEMENTS, 2019-2020
16.7 RIGHT TO WIN
17 COMPANY EVALUATION MATRIX AND COMPETITIVE PROFILES (Page No. - 168)
17.1 INTRODUCTION
17.1.1 STAR
17.1.2 EMERGING LEADER
17.1.3 PERVASIVE
17.1.4 PARTICIPANT
17.2 COMPETITIVE LEADERSHIP MAPPING: FARM EQUIPMENT MANUFACTURERS
17.3 COMPETITIVE BENCHMARKING
FIGURE 43 COMPANY-WISE PRODUCT OFFERING ANALYSIS
FIGURE 44 COMPANY-WISE BUSINESS STRATEGY ANALYSIS
17.4 COMPETITIVE LEADERSHIP MAPPING: FARM EQUIPMENT MANUFACTURERS
17.4.1 COMPETITIVE BENCHMARKING
17.4.1.1 Company-wise product offering analysis
17.4.1.2 Company-wise business strategy analysis
17.5 COMPANY PROFILES
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
17.5.1 JOHN DEERE
FIGURE 45 JOHN DEERE: COMPANY SNAPSHOT
TABLE 130 JOHN DEERE: ORGANIC DEVELOPMENTS
TABLE 131 JOHN DEERE: INORGANIC DEVELOPMENTS
17.5.2 CNH INDUSTRIAL
FIGURE 46 CNH INDUSTRIAL: COMPANY SNAPSHOT
TABLE 132 CNH INDUSTRIAL: ORGANIC DEVELOPMENTS
TABLE 133 CNH INDUSTRIAL: INORGANIC DEVELOPMENTS
17.5.3 MAHINDRA & MAHINDRA
FIGURE 47 MAHINDRA & MAHINDRA: COMPANY SNAPSHOT
TABLE 134 MAHINDRA & MAHINDRA: ORGANIC DEVELOPMENTS
17.5.4 AGCO CORPORATION
FIGURE 48 AGCO CORPORATION: COMPANY SNAPSHOT
TABLE 135 AGCO: ORGANIC DEVELOPMENTS
TABLE 136 AGCO: INORGANIC DEVELOPMENTS
17.5.5 KUBOTA CORPORATION
FIGURE 49 KUBOTA CORPORATION: COMPANY SNAPSHOT
TABLE 137 KUBOTA CORPORATION: ORGANIC DEVELOPMENTS
TABLE 138 KUBOTA CORPORATION: INORGANIC DEVELOPMENTS
17.5.6 CLAAS KGAA
FIGURE 50 CLAAS KGAA: COMPANY SNAPSHOT
TABLE 139 CLAAS KGAA: ORGANIC DEVELOPMENTS,
TABLE 140 CLAAS KGAA: INORGANIC DEVELOPMENTS
17.5.7 ISEKI & CO.
FIGURE 51 ISEKI & CO.: COMPANY SNAPSHOT
TABLE 141 INORGANIC DEVELOPMENTS, ISEKI & CO.
17.5.8 JCB
FIGURE 52 JCB: COMPANY SNAPSHOT
TABLE 142 ORGANIC DEVELOPMENTS, JCB
TABLE 143 INORGANIC DEVELOPMENTS, JCB
17.5.9 SDF GROUP
FIGURE 53 SDF GROUP: COMPANY SNAPSHOT
TABLE 144 ORGANIC DEVELOPMENTS, SDF GROUP
17.5.10 YANMAR
FIGURE 54 YANMAR: COMPANY SNAPSHOT
TABLE 145 ORGANIC DEVELOPMENTS, YANMAR
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
17.6 ADDITIONAL COMPANIES
17.6.1 ASIA OCEANIA
17.6.1.1 Escorts Ltd.
17.6.1.2 Tractors and Farm Equipment Limited
17.6.1.3 Sonalika Group
17.6.1.4 Tong Yang Moolsan (TYM)
17.6.1.5 Daedong Industrial Company Ltd.
17.6.2 EUROPE
17.6.2.1 Exel Industries
17.6.2.2 Bucher Industries
17.6.2.3 Zetor Tractors
17.6.2.4 Argo Tractors S.P.A
17.6.2.5 Agrostroj Pelhrimov A.S
17.6.2.6 Concern Tractor Plants
17.6.2.7 Amazone H. Dreyer GMBH & Co. Kg
17.6.3 NORTH AMERICA
17.6.3.1 Alamo Group
17.6.3.2 Buhler Industries
17.6.3.3 Autonomous Tractor Corporation
18 APPENDIX (Page No. - 217)
18.1 CURRENCY & PRICING
18.2 INSIGHTS OF INDUSTRY EXPERTS
18.3 DISCUSSION GUIDE
18.4 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
18.5 AVAILABLE CUSTOMIZATIONS
18.5.1 COMBINES MARKET, BY COUNTRY
18.5.1.1 Asia-Oceania
18.5.1.2 Europe
18.5.1.3 North America
18.5.1.4 RoW
18.5.2 FARM TRACTORS TELEMATICS MARKET, BY REGION
18.5.2.1 Asia-Oceania
18.5.2.2 Europe
18.5.2.3 North America
18.5.2.4 RoW
18.5.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UPTO 3)
18.6 RELATED REPORTS
18.7 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the farm equipment market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources farm equipment associations and organizations, corporate filings (such as annual reports, investor presentations, and financial statements), and trade, business, and industry associations [ Italian Agricultural Machinery Manufacturers Federation (FEDERUNACOMA), Tractors Manufacturers Association (TMA), European Agricultural Machinery Industry Association (CEMA) etc.], related magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the farm equipment market.
Primary Research
In the primary research process, various primary sources from both supply side and industry associations were interviewed to obtain qualitative and quantitative information on the market. Primary interviews have been conducted to gather insights such as farm equipment pump demand by power output, drive type, future technology trends, and highest potential region in the farm equipment market. The primary sources from the supply side included various industry experts, such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Below is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the farm equipment market. In these approaches, the sales statistics for tractors, combines, balers, and sprayers at a country and regional level were considered to estimate the aggregate market of various farm equipment. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
Bottom-Up approach
The bottom-up approach was used to estimate and validate the size of the tractor market, by power output. Country-level tractor sales were multiplied by country-level penetration of each power output category (<30 HP, 31-70 HP, 71-130 HP, 131-250 HP, and >250 HP) to determine the market size of farm tractors, by power output, in terms of volume. The country-level farm tractor market size, in terms of volume, of each power output category is added to derive the regional market. All the regional markets were further added to derive the global farm tractor market, by power output. The country level farm tractor market is then multiplied by the country-level average selling price of tractors by each power output category, which results in country-level market size. The addition of respective countries gives the regional level market, and then the summation of regional level markets gives the global farm tractor market, by power output, in terms of value.
A similar approach was used to derive the farm tractor market by equipment type (balers, sprayers, and combines), and the rental market, by equipment type (self-propelled and implements), however, these submarkets are analyzed at regional level.
To know about the assumptions considered for the study, Request for Free Sample Report
Top-Down Approach
The top-down approach was used to estimate and validate the size of the implements market, by function. The global market size, in terms of value, for implements, by function, was derived by identifying the value of implements involved in different agricultural activities at a global level. Various secondary sources were used to estimate the regional-level penetration for each implement, which was validated through primary respondents. This leads to the estimation of regional-level implements market, by function (plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and haying). A similar of approach was used to derive the autonomous tractor market, by power output (<30 hp, 31-100 hp, and >100 hp), by drive type (2-wheel drive and 4-wheel drive), in terms of volume and value.
Data Triangulation
After arriving at the overall market sizeusing the market size estimation processes as explained abovethe market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the farm equipment market, in terms of volume
(000 units) and value (USD million) - To define, describe, and forecast the farm tractor market, by value and volume, based on
- Power output (<30 HP, 3170 HP, 71130 HP, 131250 HP, and >250 HP) at country and regional levels
- Drive type (two-wheel and four-wheel) at the regional level
- Region (Asia Pacific, Europe, North America, and the Rest of the World (RoW), along with key countries in each of these regions
- To define, describe, and forecast the farm equipment market, by value, based on equipment type
- To define, describe, and forecast the implements market, by value, based on function (plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and others) at the regional level
- To define, describe, and forecast the farm equipment rental market (tractors, combines, and others) at the regional level
- To define, describe, and forecast the farm tractor rental market, by value, based on
- Power output (<30 HP, 3170 HP, 71130 HP, 131250 HP, and >250 HP) at the regional level
- Drive type (two-wheel and four-wheel) at the regional level
- To define, describe, and forecast the autonomous tractor market, by value and volume, based on power output (<30 HP, 31100 HP, and >100 HP) at the regional level
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of
the farm equipment market - To analyze the impact of COVID-19 on the farm equipment market
- To analyze the market share of the key players in the farm equipment market
- To analyze recent developments, alliances, joint ventures, mergers & acquisitions,
new product launches, and other activities carried out by key industry participants in the farm equipment market
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- Combines Market, by region (Asia Oceania, Europe, North America and RoW)
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Growth opportunities and latent adjacency in Farm Equipment Market
I want to understand the current and future Global market/business potential of Farm Equipments - Tractor attachments
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