Farm Equipment Market

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
    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
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 37)
    4.1 Market Trend, Forecast & Opportunity
    4.2 Market, By Region
    4.3 Market, By Equipment Type
    4.4 Market, By Region
    4.5 Farm Tractor, By Drive Type
    4.6 Combines Market, By Crop Type
    4.7 Implements Market, By Function
    4.8 Autonomous Tractor Market, By Power Output
    4.9 Farm Equipment Rental Market

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Mechanization Trends Across the Globe
                               5.2.1.1.1 Shortage of Skilled Labor and Increasing Labor Cost
                               5.2.1.1.2 Rising Demand for Productivity and Operational Efficiency
                               5.2.1.1.3 Rising Import/Export of Cereals
                    5.2.1.2 Growing Institutional Credits/Increasing PPP
           5.2.2 Restraints
                    5.2.2.1 Fragmented Market
                               5.2.2.1.1 Intense Competition Among Regional Players
                               5.2.2.1.2 Local Implements Manufacturers vs OEMS
                    5.2.2.2 High Cost of Agriculture Equipment
           5.2.3 Opportunities
                    5.2.3.1 Innovation in the Field of Autonomous Tractors
                    5.2.3.2 Increase in Adoption of Advanced Technologies
                               5.2.3.2.1 Big Data
                               5.2.3.2.2 IoT (Internet of Things)
                               5.2.3.2.3 Artificial Intelligence (AI)
           5.2.4 Challenges
                    5.2.4.1 Lack of Safety-Related Regulation in Developing Regions

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Global Crop Production
           6.2.1 Asia Oceania
           6.2.2 Europe
           6.2.3 Americas
    6.3 Porter’s Five Forces Analysis
    6.4 Market Trends: Indian Tractors
           6.4.1 Market Share: Indian Farm Tractors
           6.4.2 India: Key Industry Trends
           6.4.3 Tractor Sales, By States, 2017 vs 2018
    6.5 Revenue Impact

7 Farm Tractor Market, By Power Output (Page No. - 59)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    7.1 Introduction
           7.1.1 Research Methodology
           7.1.2 Assumptions
           7.1.3 Industry Insights
    7.2 <30 hp
           7.2.1 China & US Dominate the <30 hp Tractor Market
    7.3 31–70 hp
           7.3.1 Asia Oceania Lead the 31-70 hp Tractor Market
    7.4 71–130 hp
           7.4.1 Europe Hold the Largest Market Share for 71-130 hp Tractor
    7.5 131–250 hp
           7.5.1 Europe & North America are the Prominent 131-250 hp Tractor Market
    7.6 >250 hp
           7.6.1 >250 hp Tractors are Essential in Organised Farming Activities

8 Farm Tractor Market, By Drive Type (Page No. - 68)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    8.1 Introduction
           8.1.1 Research Methodology
           8.1.2 Assumptions
           8.1.3 Industry Insights
    8.2 Two-Wheel Drive
           8.2.1 Asia Oceania is Estimated to Lead Two-Wheel Drive Tractors
    8.3 Four-Wheel Drive
           8.3.1 Four-Wheel Drive Tractors Mainly Find Application in Large Farm Sizes

9 Autonomous Tractor Market, By Power Output (Page No. - 74)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
    9.1 Introduction
           9.1.1 Research Methodology
           9.1.2 Assumptions
           9.1.3 Industry Insights
    9.2 <30 hp
           9.2.1 Cash Crops Such as Grapes, Strawberry Etc. are the Prime Application for <30 hp Autonomous Tractors
    9.3 31–100 hp
           9.3.1 North America Hold the Largest Market Share for 31-100 hp Autonomous Tractor
    9.4 >100 hp
           9.4.1 Agricultural Contractors Will Prefer to Use >100 hp Autonomous Tractors

10 Market, By Equipment Type (Page No. - 82)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
     10.1 Introduction
             10.1.1 Research Methodology
             10.1.2 Assumptions
             10.1.3 Industry Insights
     10.2 Combines
             10.2.1 Combines for Cereal Crops
                        10.2.1.1 Asia Oceania is Estimated to Lead the Combines Market for Cereals Crop
             10.2.2 Combines for Non-Cereal Crops
                        10.2.2.1 Forage Harvester Holds the Maximum Share in Combines Market for Non-Cereals Crop
     10.3 Balers
             10.3.1 North America is Estimated to Lead the Balers Market
     10.4 Sprayers
             10.4.1 Self-Propelled Sprayers are Used to Meet the Large-Scale Productivity Demand for Crops

11 Implement Market, By Function (Page No. - 90)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America and RoW
     11.1 Introduction
             11.1.1 Research Methodology
             11.1.2 Assumptions
             11.1.3 Industry Insights
     11.2 Plowing & Cultivating
             11.2.1 Asia Oceania is Estimated to Lead the Plowing & Cultivating Implements Market
     11.3 Sowing & Planting
             11.3.1 in Order to Improve the Crop Quality, the Sowing & Planting Market is Expected to Grow at the Higher Rate
     11.4 Plant Protection & Fertilizing
             11.4.1 Growing Crop Production With Minimal Damage and Enhanced Food Quality Will Propel the Market for Plant Protection and Fertilizing Implements
     11.5 Harvesting & Threshing
             11.5.1 The Demand for Tractor-Mounted Harvesting and Threshing Implements are Expected to Witness Potential Growth Especially in Developing Countries
     11.6 Others
             11.6.1 Asia Oceania is the Largest Market for Other Implements

12 Farm Equipment Rental Market, By Type (Page No. - 98)
The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, and Americas
     12.1 Introduction
             12.1.1 Research Methodology
             12.1.2 Assumptions
             12.1.3 Industry Insights
     12.2 Tractors
             12.2.1 Tractors Leads the Market During the Forecast Period
     12.3 Combines
             12.3.1 Combines and Forage Harvester Have Significant Demand on Rental Basis in Europe
     12.4 Others
             12.4.1 Equipment Such as Round and Square Balers, Self-Propelled Sprayers, and Power Tillers are Preferred in Rental Market

13 Farm Tractor Market, By Region (Page No. - 104)
The Chapter is Further Segmented at Regional and Country Level By Power Output- <30 hp, 31-70 hp, 71-130 hp, 131-250 hp, and >250 hp
     13.1 Introduction
             13.1.1 Research Methodology
             13.1.2 Assumptions
             13.1.3 Industry Insights
     13.2 Asia Oceania
             13.2.1 Australia
                        13.2.1.1 131–250 hp is the Leading Power Output Segment in Australia
             13.2.2 China
                        13.2.2.1 <30 hp is the Prominent Power Output Segment in China
             13.2.3 India
                        13.2.3.1 India is the Second Largest Market for Power Output Segment in Asia Oceania
             13.2.4 Japan
                        13.2.4.1 <30 hp Hold Maximum Share in Japan Tractor Market
             13.2.5 South Korea
                        13.2.5.1 <30 hp Tractors is Estimated to Be Largest Market During the Forecast Period
             13.2.6 Asia Oceania Others
                        13.2.6.1 31-70 hp is Estimated to Be Largest Market During the Forecast Period, By Value
     13.3 Europe
             13.3.1 France
                        13.3.1.1 131-250 hp is Anticipated to Be Largest Market for France By 2025
             13.3.2 Germany
                        13.3.2.1 Germany is the Largest Market in Europe for Farm Tractors
             13.3.3 Italy
                        13.3.3.1 71-130 hp Leads the Power Output Segment in Italy, By Volume
             13.3.4 Poland
                        13.3.4.1 31-70 hp is the Largest Tractor Power Output Segment By 2025, in Terms of Volume
             13.3.5 Russia
                        13.3.5.1 131-250 hp Tractors Hold Maximum Share in Russia
             13.3.6 Spain
                        13.3.6.1 131-250 hp is the Largest Tractor Power Output Segment By 2025, in Terms of Volume
             13.3.7 Turkey
                        13.3.7.1 31-70 hp Tractors Hold Maximum Share in Turkey
             13.3.8 UK
                        13.3.8.1 131–250 hp is Estimated to Be Largest Market in UK as of 2018
             13.3.9 Europe Others
                        13.3.9.1 131–250 hp is Projected to Be the Fastest Growing Market
     13.4 North America
             13.4.1 Canada
                        13.4.1.1 Canada is Estimated to Be the Second Largest Market in North America
             13.4.2 Mexico
                        13.4.2.1 <30 hp Tractor to Be the Largest & Fastest Growing Power Output Segment in Mexico
             13.4.3 US
                        13.4.3.1 <30 hp Tractor to Be the Largest Power Output Segment in US
     13.5 RoW
             13.5.1 Argentina
                        13.5.1.1 Argentina is Estimated to Be the Second Largest Market in Rest of the World
             13.5.2 Brazil
                        13.5.2.1 Brazil is Projected to Be the Largest Market in Rest of the World During the Forecast Period
             13.5.3 RoW Others
                        13.5.3.1 <30 hp Tractor to Be the Largest Power Output Segment in RoW Others

14 Competitive Landscape (Page No. - 137)
     14.1 Overview
     14.2 Market: Market Share Analysis
     14.3 Competitive Leadership Mapping
             14.3.1 Introduction
             14.3.2 Visionary Leaders
             14.3.3 Innovators
             14.3.4 Dynamic Differentiators
             14.3.5 Emerging Companies
     14.4 Competitive Leadership Mapping: Global Farm Equipment Manufacturers
             14.4.1 Competitive Benchmarking
                        14.4.1.1 Company-Wise Product Offering Analysis
                        14.4.1.2 Company-Wise Business Strategy Analysis
     14.5 Competitive Leadership Mapping: Regional Farm Equipment Manufacturers
             14.5.1 Competitive Benchmarking
                        14.5.1.1 Company-Wise Product Offering Analysis
                        14.5.1.2 Company-Wise Business Strategy Analysis
     14.6 Competitive Scenario
             14.6.1 Expansion
             14.6.2 New Product Development
             14.6.3 Supply Contract/Joint Ventures/Partnerships/Collaborations

15 Company Profiles (Page No. - 152)
(Business Overview, Products Offered, Recent Developments & SWOT Analysis)*
     15.1 John Deere
     15.2 CNH Industrial
     15.3 Mahindra & Mahindra
     15.4 Agco Corporation
     15.5 Kubota Corporation
     15.6 Claas KGaA
     15.7 Iseki & Co.
     15.8 JCB
     15.9 SDF Group
     15.1 Yanmar
     15.11 Additional Companies
             15.11.1 Asia Oceania
                        15.11.1.1 Escorts Ltd.
                        15.11.1.2 Tractors and Farm Equipment Limited
                        15.11.1.3 International Tractors Limited
                        15.11.1.4 Tong Yang Moolsan (TYM)
             15.11.2 Europe
                        15.11.2.1 Exel Industries
                        15.11.2.2 Bucher Industries
                        15.11.2.3 Zetor Tractors
             15.11.3 North America
                        15.11.3.1 Alamo Group
                        15.11.3.2 Buhler Industries
                        15.11.3.3 Autonomous Tractor Corporation

*Details on Business Overview, Products Offered, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 185)
     16.1 Insights of Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
             16.4.1 Combines Market, By Country
                        16.4.1.1 Asia Oceania
                                     16.4.1.1.1 Australia
                                     16.4.1.1.2 China
                                     16.4.1.1.3 Japan
                                     16.4.1.1.4 India
                                     16.4.1.1.5 Japan
                        16.4.1.2 Europe
                                     16.4.1.2.1 France
                                     16.4.1.2.2 Germany
                                     16.4.1.2.3 Russia
                                     16.4.1.2.4 Turkey
                                     16.4.1.2.5 UK
                        16.4.1.3 North America
                                     16.4.1.3.1 Canada
                                     16.4.1.3.2 Mexico
                                     16.4.1.3.3 US
                        16.4.1.4 RoW
                                     16.4.1.4.1 Argentina
                                     16.4.1.4.2 Brazil
             16.4.2 Farm Tractors Telematics Market, By Region
                        16.4.2.1 Asia Oceania
                        16.4.2.2 Europe
                        16.4.2.3 North America
                        16.4.2.4 RoW
             16.4.3 Detailed Analysis and Profiling of Additional Market Players (Upto 3)
     16.5 Related Reports
     16.6 Author Details

List of Tables (115 Tables)

Table 1 Currency Exchange Rates (W.R.T. Per USD)
Table 2 Support From Regional Governments
Table 3 Regional Player Overall Revenue Comparison, 2017 (USD Billion)
Table 4 Average Selling Price (ASP) of Agriculture Equipment, 2017 (USD)
Table 5 Benefits Offered By Autonomous Tractors
Table 6 Mechanization Rate, By Country, 2017 (%)
Table 7 Asia Oceania: Key Crop Production, 2016–2017 (Million Metric Ton)
Table 8 Asia Oceania: Key Crop Production, 2016–2017 (Million Metric Ton)
Table 9 Europe: Key Crop Production, 2016–2017 (Million Metric Ton)
Table 10 Europe: Key Crop Production, 2016–2017 (Million Metric Ton)
Table 11 Americas: Key Crop Production, 2016–2017 (Million Metric Ton)
Table 12 Americas: Key Crop Production, 2016–2017 (Million Metric Ton)
Table 13 Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 14 Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 15 <30 hp: Farm Tractor Market, By Region, 2016–2025 (‘000 Units)
Table 16 <30 hp: Farm Tractor Market, By Region, 2016–2025 (USD Million)
Table 17 31–70 hp: Farm Tractor Market, By Region, 2016–2025 (‘000 Units)
Table 18 31-70 hp: Farm Tractor Market, By Region, 2016–2025 (USD Million)
Table 19 71–130 hp: Farm Tractor Market, By Region 2016–2025 (‘000 Units)
Table 20 71-130 hp: Farm Tractor Market, By Region, 2016–2025 (USD Million)
Table 21 131–250 hp: Farm Tractor Market, By Region, 2016–2025 (‘000 Units)
Table 22 131–250 hp: Farm Tractor Market, By Region, 2016–2025 (USD Million)
Table 23 >250 hp: Farm Tractor Market, By Region, 2016–2025 (‘000 Units)
Table 24 >250 hp: Farm Tractor Market, By Region, 2016–2025 (USD Million)
Table 25 Farm Tractor Market, By Drive Type, 2016–2025 (‘000 Units)
Table 26 Farm Tractor Market, By Drive Type, 2016–2025 (USD Million)
Table 27 Two-Wheel Drive Tractor Market, By Region, 2016-2025 (‘000 Units)
Table 28 Two-Wheel Drive Tractor Market, By Region, 2016-2025 (USD Million)
Table 29 Four-Wheel Drive Tractor Market, By Region, 2016–2025 (‘000 Units)
Table 30 Four-Wheel Drive Tractor Market, By Region, 2016-2025 (USD Million)
Table 31 Autonomous Tractor Market, By Power Output, 2022–2030 (‘000 Units)
Table 32 Autonomous Tractor Market, By Power Output, 2022–2030 (USD Million)
Table 33 <30 hp: Autonomous Tractor Market, By Region, 2022–2030 (‘000 Units)
Table 34 <30 hp: Autonomous Tractor Market, By Region, 2022–2030 (USD Million)
Table 35 31-100 hp: Autonomous Tractor Market, By Region, 2022–2030 (‘000 Units)
Table 36 31-100 hp: Autonomous Tractor Market, By Region, 2022–2030 (USD Million)
Table 37 >100 hp: Autonomous Tractor Market, By Region, 2022–2030 (‘000 Units)
Table 38 >100 hp: Autonomous Tractor Market, By Region, 2022–2030 (USD Million)
Table 39 Market, By Equipment Type, 2016–2025 (‘000 Units)
Table 40 Market, By Equipment Type, 2016–2025 (USD Million)
Table 41 Combines Market for Cereal Crops: Market, By Region, 2016–2025 (‘000 Units)
Table 42 Combines for Cereal Crops: Market, By Region, 2016–2025 (USD Million)
Table 43 Combines Market for Non-Cereal Crops: Market, By Region, 2016–2025 (‘000 Units)
Table 44 Combines Market for Non-Cereal Crops: Market, 2016–2025 (USD Million)
Table 45 Balers: Market, By Region, 2016–2025 (‘000 Units)
Table 46 Balers: Market, By Region, 2016-2025 (USD Million)
Table 47 Sprayers: Market, By Region, 2016–2025 (‘000 Units)
Table 48 Sprayers: Market, By Region, 2016–2025 (USD Million)
Table 49 Implements Market, By Function, 2016–2025 (USD Million)
Table 50 Plowing & Cultivating: Implements Market, By Region, 2016–2025 (USD Million)
Table 51 Sowing & Planting: Implements Market, By Region, 2016–2025 (USD Million)
Table 52 Plant Protection & Fertilizing: Implements Market, By Region, 2016–2025 (USD Million)
Table 53 Harvesting and Threshing: Implements Market, By Region, 2016–2025 (USD Million)
Table 54 Others: Implements Market, By Region, 2016–2025 (USD Million)
Table 55 Rental Rate for Farm Equipment in Canada
Table 56 Farm Equipment Rental Market, By Equipment Type, 2016–2025 (USD Billion)
Table 57 Tractor: Market, By Region, 2016–2025 (USD Billion)
Table 58 Combines: Market, By Region, 2016–2025 (USD Billion)
Table 59 Others: Market, By Region, 2016–2025 (USD Billion)
Table 60 Farm Tractor Market, By Region, 2016–2025 (‘000 Units)
Table 61 Farm Tractor Market, By Region, 2016–2025 (USD Million)
Table 62 Asia Oceania: Farm Tractor Marker, By Country, 2016–2025 (‘000 Units)
Table 63 Asia Oceania: Farm Tractor Marker, By Country, 2016–2025 (USD Million)
Table 64 Australia: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 65 Australia: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 66 China: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 67 China: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 68 India: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 69 India: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 70 Japan: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 71 Japan: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 72 South Korea: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 73 South Korea: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 74 Asia Oceania Others: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 75 Asia Oceania Others: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 76 Europe: Farm Tractor Marker, By Country, 2016–2025 (‘000 Units)
Table 77 Europe: Farm Tractor Marker, By Country, 2016–2025 (USD Million)
Table 78 France: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 79 France: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 80 Germany: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 81 Germany: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 82 Italy: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 83 Italy: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 84 Poland: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 85 Poland: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 86 Russia: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 87 Russia: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 88 Spain: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 89 Spain: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 90 Turkey: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 91 Turkey: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 92 UK: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 93 UK: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 94 Europe Others: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 95 Europe Others: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 96 North America: Farm Tractor Marker, By Country, 2016–2025 (‘000 Units)
Table 97 North America: Farm Tractor Marker, By Country, 2016–2025 (USD Million)
Table 98 Canada: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 99 Canada: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 100 Mexico: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 101 Mexico: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 102 US: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 103 US: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 104 RoW: Farm Tractor Marker, By Country, 2016–2025 (‘000 Units)
Table 105 RoW: Farm Tractor Marker, By Country, 2016–2025 (USD Million)
Table 106 Argentina: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 107 Argentina: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 108 Brazil: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 109 Brazil: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 110 RoW Others: Farm Tractor Market, By Power Output, 2016–2025 (‘000 Units)
Table 111 RoW Others: Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Table 112 Mergers & Acquisitions, 2017–2018
Table 113 Expansion, 2017–2018
Table 114 New Product Development, 2017–2018
Table 115 Supply Contract/Joint Ventures/Partnerships/Collaborations, 2017–2018

List of Figures (44 Figures)

Figure 1 Market Segmentation: Market
Figure 2 Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Bottom-Up Approach: Tractor Market
Figure 6 Top-Down Approach: Implement Market
Figure 7 Data Triangulation
Figure 8 Market: Global Outlook
Figure 9 Market, By Equipment Type, 2018–2025 (USD Billion)
Figure 10 Attractive Market Opportunities in the Market
Figure 11 Asia Oceania Leads the Market for Farm Equipment, 2018 vs 2025 (USD Billion)
Figure 12 Tractor is Expected to Hold the Largest Share in the Market, 2018 vs 2025 (USD Billion)
Figure 13 Asia Oceania is Estimated to Hold the Largest Market for Farm Equipment, 2018–2025 (USD Billion)
Figure 14 Growing Demand for High hp Tractors in European Countries Would Fuel the Demand for Four-Wheel Drive Tractors, 2018–2025 (USD Billion)
Figure 15 Combines for Cereal Crops Account for Major Share, 2018–2025 (USD Billion)
Figure 16 Plowing & Cultivating Implements Held the Largest Share of the Implements Market, 2018–2025 (USD Billion)
Figure 17 Lack of Skilled Labor & Growing Labor Costs to Drive the Demand for Autonomous Tractors, 2018–2025 (USD Billion)
Figure 18 Tractors are Estimated to Lead the Farm Equipment Rental Market, 2018–2025 (USD Billion)
Figure 19 Market: Market Dynamics
Figure 20 Significant Growth in Population, 2005 vs 2015 vs 2025 (Million)
Figure 21 Global Employment in Agriculture, 2010–2017 (% of Total Employment)
Figure 22 Global Imports/Exports of Cereals, 2010–2018 (Million Tons)
Figure 23 Porter’s Five Forces Analysis: Market
Figure 24 Farm Tractor Market, By Power Output, 2016–2025 (USD Million)
Figure 25 Farm Tractor Market, By Drive Type, 2018-2025 (USD Million)
Figure 26 Autonomous Tractor Market, By Power Output, 2022–2030 (USD Million)
Figure 27 Market, By Equipment Type, 2018–2025 (USD Million)
Figure 28 Implements Market, By Function, 2018–2025 (USD Million)
Figure 29 Farm Equipment Rental Market, By Equipment Type, 2018–2025 (USD Billion)
Figure 30 Farm Tractor Market, By Region, 2018–2025 (USD Million)
Figure 31 Asia Oceania: Farm Tractor Market Snapshot
Figure 32 Europe: Farm Tractor Market Snapshot
Figure 33 Companies Adopted Expansion as the Key Growth Strategy, 2015–2017
Figure 34 Market: Market Share Analysis, 2017
Figure 35 John Deere: Company Snapshot
Figure 36 CNH Industrial: Company Snapshot
Figure 37 Mahindra & Mahindra: Company Snapshot
Figure 38 Agco Corporation: Company Snapshot
Figure 39 Kubota Corporation: Company Snapshot
Figure 40 Claas KGaA: Company Snapshot
Figure 41 Iseki & Co.: Company Snapshot
Figure 42 JCB: Company Snapshot
Figure 43 SDF Group: Company Snapshot
Figure 44 Yanmar: Company Snapshot

The study involves four main activities to estimate the current size of the farm equipment market. Exhaustive secondary research was done to collect information about different farm equipment such as tractors, combines, and implements. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Both, bottom-up and top-down approaches were employed to estimate the overall market size for different segments considered under this study.

Secondary Research

The secondary sources referred for this research study include automotive industry organizations such as Mechanical Engineering Industry Association (VDMA), Agriculture Equipment Manufacturers Union (AXEMA), Italian Agricultural Machinery Manufacturers Federation (FEDERUNACOMA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and regional farm equipment related associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the farm equipment market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (farm equipment manufacturers) across four major regions, namely, Asia Oceania, Europe, North America, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the tractors market, by power output. To determine the market size, by power output, for farm tractors, in terms of volume, country-level tractor sales have been multiplied by country-level penetration of each power output category (<30 hp, 31–70 hp, 71–130 hp, 131–250 hp, and >250 hp). The country-level farm tractor market size, in terms of volume, of each power output category is added to derive the regional-level and further to get the global farm tractors market, by power output. The country-level farm tractor market is then multiplied by the country-level average selling price of tractors in each power output category to derive the country-level market size, in terms of value. The further addition gives the regional level market and the summation of regional level markets gives the global farm tractors market, by power output, in terms of value. A similar approach has been followed to derive the agricultural tractors market, by drivetrain (2-wheel drive and 4-wheel drive), combines market by crop type (corn, rice, wheat, soybean, and others), market by other equipment type (balers, sprayers, and forage harvesters), and rental market, by equipment type (self-propelled, and implements).

The top-down approach has been used to estimate and validate the size of the implements market, by function. The global market size, in terms of value, of implements, by function, has been derived by identifying the value of implements used in different agricultural activities at a global level. Further, the regional-level penetration for each implement has been derived from various secondary sources and validated through primary and secondary sources to derive the regional-level implements market, by function (plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and haying). A similar approach has been followed to derive the autonomous tractors market, by power output (<30 hp, 31–100 hp, and >100 hp), in terms of volume and value.

Data Triangulation

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends in the demand and supply sides in the farm equipment market.

Report Objectives

• To define, describe, and forecast the global farm equipment market, in terms of volume (’000 units) and value (USD million)
• To define, describe, and forecast the farm tractors market, by value and volume, on the basis of power output (<30 hp, 31–70 hp, 71–130 hp, 131–250 hp, and >250 hp) at country and regional level
• To define, describe, and forecast the farm tractors market, by value and volume, on the basis of drive type (two-wheel and four-wheel) at regional level
• To define, describe, and forecast the autonomous tractors market, by value and volume, on the basis of power output (<30 hp, 31–100 hp, and >100 hp) at regional level
• To define, describe, and forecast the farm equipment market, by value and volume, on the basis of equipment type (combines, balers, and sprayers) at regional level
• To define, describe, and forecast the implements market, by value, on the basis of function (plowing & cultivating, sowing & planting, plant protection & fertilizing, harvesting & threshing, and others) at regional level
• To define, describe, and forecast the farm equipment rental market, by value, on the basis of equipment type (tractors, combines, and others) at regional level
• To define, describe, and forecast the farm equipment market, by value and volume, on the basis of region (Asia Oceania, Europe, North America, and RoW)
• To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the farm equipment market
• To analyze the market share of the key players operating 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

Scope of the Report

This research report categorizes the farm equipment market based on power output, drive type, equipment type (combine market by cereals and non-cereal crop, balers, and sprayers), implements by function, farm equipment rental market, and region.

Farm Tractor Market, By Power Output

• <30 hp
• 31–70 hp
• 71–130 hp
• 131–250 hp
• >250 hp

Farm Tractor Market, By Drive Type

• Two-Wheel Drive
• Four-Wheel Drive

Autonomous Tractor Market, By Power Output

• <30 hp
• 31–100 hp
• >100 hp

Farm equipment Market, By equipment Type

• Combine
  • Cereals
  • Non-Cereals
• Balers
• Sprayers

Implements Market, By function

• Plowing & Cultivating
• Sowing & Planting
• Plant Protection & Fertilizing
• Harvesting & Threshing
• Others (Hayers, loaders, trailers, balers, and other material handling tractor-mount equipment)

Farm Equipment Rental Market, By Type

• Tractors
• Combines
• Others (balers, sprayers, and power tillers)

Farm Tractor Market, By Region

• Asia Oceania
• Europe
• North America
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Combine market, By Region

• Asia Oceania
  • Australia
  • China
  • India
  • Japan
  • South Korea
• Europe
  • France
  • Germany
  • Russia
  • Turkey
  • UK
• North America
  • Canada
  • Mexico
  • US
• RoW
  • Argentina
  • Brazil

Farm Tractor Telematics Market, By Region

• Asia Oceania
• Europe
• North America
• RoW

Detailed analysis and profiling of additional market players (Up To three)