Farm Equipment Market by Tractor Power Output(<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor(Hybrid, Electric), Farm Equipment(Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027
[330 Pages Report] The global farm equipment market is projected to grow from USD 99.4 billion in 2021 to USD 126.0 billion by 2027, at a CAGR of 4.0% during the forecast period. The demand for farm mechanization is also observed to have increased in the recent past, which is expected to further pick momentum as the population is rising up. Asia Oceania remains the key market for Farm Equipment, though the demand is also increasing in Europe, and North America.
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Covid-19 Impact on Market
Although COVID-19 has disrupted the whole supply chain, the agricultural industry seemed to have been impacted the least amongst all the industries. This was primarily due to the steps taken by the government to consider agricultural activities under essential services. The agricultural industry faced 4 major challenges amidst COVID-19limited supply of farm equipment parts, drop in the first half of new tractor sales, shutdown of production facilities, and a decline in working capital. Despite the impact of COVID-19 on the farm equipment market, the market is expected to revive by the end of 2021.
The Association of Equipment Manufacturers (AEM) released the data last week showing that the total farm tractor sales in the US rose 0.3% in December 2021 compared to December 2020, while combine sales for the month saw a gain of 25.3%. Those gains contributed 10.3% to the total gain for tractors for 2021, and 24.7 % for combines. The farm equipment market is estimated to witness a slight downturn in 2020, owing to COVID-19 and the reluctance of farmers to purchase expensive high-powered farm equipment. However, the resumption of manufacturing facilities, opening of international borders, and government support to the agricultural industry are likely to restore momentum to a great extent by the end of 2020.
Governments across countries have taken several measures to tackle the pandemic and boost the growth of the agriculture sector. For instance, the US government announced a USD 19 billion relief program to farmers, including USD 16 billion in direct payments to producers. The government also announced that it would make monthly purchases of USD 100 million freshly produce, dairy, and meat products. The European Union approved new rural development measures. According to the European Commission, this new temporary measure would allow countries in the EU with remaining rural development funds to pay farmers and small agri-food businesses in 2020.
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. According to the Agricultural Policy Monitoring and Evaluation, 2019, conducted by Organisation for Economic Co-operation and Development (OECD), farm policies in 53 countriesall OECD, EU countries, and 12 key emerging economies provided on average of USD 728 billion per year direct support to farmers from 2018-2020. For instance, the government of Maharashtra (India) announced the Mahatma Phule Farm Loan Waiver Scheme in December 2019. In March 2021, it also announced a scheme named Maharashtra Agro Business Network Project (Magnet) for small and marginal fruit and vegetable growers.
Government subsidies play an essential role in the agriculture sector of a country. For instance, the US Farm Service Agency (FSA) provides guaranteed and direct farm ownership and operating loans to family-size farmers who cannot 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. The US department of agriculture also announced various loan programs, including direct farm ownership down payment program. The maximum loan amount increased from USD 250,000 to USD 300,000, and the guaranteed amount on conservation loans increased from 75 to 80%. This has helped the farm equipment market to grow significantly.
RESTRAINT: Growth of rental market
The purchase of farm equipment such as tractors and harvesters is a major investment in agricultural activities and accounts for the maximum share of the global rental market. All the steps involved in designing, producing, and distributing 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 result in the low penetration of farm equipment in emerging countries.
Farmers opt for renting farm machinery to increase productivity and turnaround time, which, in turn, increases the efficiency and profitability of the business. Renting farm equipment is cost-effective compared to purchasing the equipment on a standard loan from a financial institution. Thus, the global scarcity of farm labor and increasing labor wages worldwide have driven farm equipment rental services. The increasing adoption of advanced technologies in rental agriculture machinery plays a crucial role in improving operational efficiency and profitability. It helps small-scale farmers use high-priced farming equipment on a rental basis to produce a more efficient and enhanced variety of crops in less time.
Continuous R&D efforts have resulted in the development of advanced products capable of handling multiple tasks. Advanced machinery includes complex mechatronic systems that require specialized manufacturing and assembly processes. All the steps involved in designing, producing, and distributing 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. Manufacturers of agriculture equipment need to upgrade their products regularly, owing to the constantly changing emission norms, which increases the equipment cost. Thus, the high cost of agricultural machinery such as high horsepower (HP) tractors, combines, balers, and sprayers limit their sales and thereby slow down the growth of the farm equipment market, especially in emerging countries.
OPPORTUNITY: Precision agriculture
The agriculture industry is under constant pressure to produce agricultural products to cater to the growing population, forcing 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 farming technique 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 water, seeds, land, fertilizers, and agricultural equipment, which, in turn, improves the overall quantity and quality of yields.
The increasing R&D activities and launches of hybrid & electric tractors by several companies are expected to create growth opportunities for the agriculture sector. In August 2021, Solectrac launched the e70N tractor with 70 HP, 60 kWh electric tractor for USD 75,000. CNH Industrials Design Center displayed a STEYR Konzept hybrid tractor at Agritechnica 2019. John Deere showcased an autonomous tractor concept with a rated electric-power output of 500 kilowatts about 680 horsepower at a European dealer meeting in 2019. In 2020, Kubota developed a fully electric driverless tractor known as the X tractor. This tractor was designed as part of the company's Agrirobo automated technology program. Proxecto Engineering Services (India) decided to venture into the farming territory with its flagship product, hybrid agri vehicle (HAV), scheduled in 2020 to help farmers in India. In October 2020, Fendt (Germany) launched the new 75-kW (100 hp.) electric tractor named Fendt e100 Vario with 10 hours operating capacity that can be recharged to 80% in just 40 minutes. Gridtractor (India) launched a tool to develop, implement, and maintain fleet electrification services for farms utilizing electric tractors and heavy farming equipment. The company helps the farmers integrate electric charging and vehicle to grid (V2G) technology into their agricultural operations.
CHALLENGE: Rapidly changing emission norms and mandates
CNH Industrial, John Deere, and AGCO have expressed concerns about 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 R&D. Each market has its emission norms that increase complexity while designing components, mainly engines.
The Indian government implemented the BS Term IV regulation, which applies to diesel engine equipment, including agricultural tractors and construction equipment, which came into force in October 2020. Tractors with <50 HP must comply with the new norms from October 2023. Thus, changing emission regulations to comply with government regulations may challenge the sale of tractors.
Farm Equipment Market Ecosystem
The ecosystem analysis highlights farm equipment market players, primarily represented by component manufacturers, manufacturers, and dealers.
Role of Companies in Farm Equipment Market Ecosystem
|
COMPANY |
ROLE IN ECOSYSTEM |
|
Cummins |
Component Manufacturer |
|
Deutz |
Component Manufacturer |
|
FPR Industrial |
Component Manufacturer |
|
Carraro |
Component Manufacturer |
|
YTO France |
Component Manufacturer |
|
ZF TRW |
Component Manufacturer |
|
Daedong |
Component Manufacturer |
|
Yanmar |
Component Manufacturer |
|
John Deere |
Farm Equipment Manufacturer |
|
Mahindra & Mahindra |
Farm Equipment Manufacturer |
|
AGCO Corporation |
Farm Equipment Manufacturer |
|
CLAAS |
Farm Equipment Manufacturer |
|
Kubota |
Farm Equipment Manufacturer |
|
TAFE |
Farm Equipment Manufacturer |
|
SDF Group |
Farm Equipment Manufacturer |
|
Yanmar |
Farm Equipment Manufacturer |
|
Zetor Tractors |
Farm Equipment Manufacturer |
|
JCB |
Farm Equipment Manufacturer |
|
SEMA Equipment Inc |
Dealer |
|
Farol |
Dealer |
|
Baldwin Tractor & Equipment |
Dealer |
|
RDO Equipment Co. |
Dealer |
|
Brandt Holdings |
Dealer |
|
Sterling |
Dealer |
|
Farm Equipment Headquarters, Inc. |
Dealer |
|
Reynolds |
Dealer |
|
Titan Machinery |
Dealer |
|
Forrester Farm Equipment |
Dealer |
|
Everglades Equipment Group |
Dealer |
Source: Secondary Research and MarketsandMarkets Analysis
3170 HP segment estimated to be the largest market during the forecast period
The 3170 HP segment is expected to command the largest share of the farm equipment market. The increasing farm mechanization largely driven by government policies such as loan waivers/schemes/policies is expected to drive the 31-70 HP market in emerging countries. The 31-70 HP tractors segment is estimated to contribute ~46% of total tractor sales in 2021. The increasing farm mechanization in emerging countries driven by government efforts is expected to drive the market. The rising demand for high-powered tractors and the growing network of dealers with proper marketing are other factors expected to boost the market globally.
Four wheel drive segment to grow at the fastest CAGR from 2021 to 2027
The demand for four-wheel drive tractors is expected to grow in the future with the changing requirements in farming activities such as covering a larger acre of land or the need to pull large-size implements. The availability of low-powered tractors with four-wheel drive is expected to be a major factor for their growing demand. John Deere Model 5050 D is a low-powered tractor that delivers 50 HP and is available in four-wheel drive. In 2021, Sonalika Tractors (India) launched its advanced Tiger DI 75 four-wheel drive tractor with CRDs (Common Rail Diesel System) technology. Sonalika has also introduced the Tiger DI 65 four-wheel drive tractor customized with twin benefits to deliver 65 HP power and an economy of 55 HP. Both the new models are available in 4W and 2W drive versions.
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Asia Oceania is estimated to be the largest market in 2021
The Asia Oceania region includes China, India, Japan, South Korea, Australia, and the rest of Asia Oceania for the market analysis.
In addition to high containerized transportation, factors such as increasing Gross Domestic Product (GDP), infrastructure investments, rising per capita income, growing inclination toward mechanization, and government initiatives for FDI have created more opportunities for the farming business, in turn driving the farm tractor market in the Asia Oceania region. Asia Oceania is expected to lead the farm tractor market during the forecast period. Countries considered under Asia Oceania are India, Japan, China, South Korea, Australia, and the Rest of Asia Oceania. The increasing farm mechanization driven by government efforts and subsidies/loan waivers is expected to drive farm tractor sales in India. However, China has witnessed a decline in tractor sales in 2020 and 2019, owing to delays in farm equipment subsidies in the Chinese provinces and the upgradation of emission regulations. The Rest of Asia Oceania covers countries like Vietnam, Australia, Malaysia, Singapore, Indonesia, and the Philippines.
Key Market Players
The farm equipment market is led by established players, such as John Deere (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), and CLAAS (Germany). These companies have adopted several strategies to gain traction in the market. They have expanded in various geographical locations through mergers & acquisitions, expansions, and entered into joint ventures/collaborations with other industry players to sustain their position in the market.
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|
Report Metric |
Details |
|
Market size available for years |
20182027 |
|
Base year considered |
2020 |
|
Forecast period |
20212027 |
|
Forecast units |
Volume (Units) and Value (USD Million) |
|
Segments covered |
Farm tractor market by Power Output, Farm tractor market by Drive Type, Farm equipment market, by equipment type, Implements market, by function, Farm equipment Rental market, Farm equipment market by region, Farm equipment Rental market by region. |
|
Geographies covered |
Asia Oceania, North America, Europe, and the Rest of the World [RoW] |
|
Companies covered |
John Deere (US), CNH Industrial (Netherlands), CLAAS (Germany), and AGCO Corporation (US), Mahindra and Mahindra(India), Yanmar(Japan) |
Along with the given market data, MarketsandMarkets offers customizations in accordance with the companys specific needs
The study segments the farm equipment market :
By Power Output
- <30 HP
- 3170 HP
- 71130 HP
- 131250 HP
- >250 HP
Farm tractor market, by drive type
- Two-wheel
- Four-wheel
Farm implements market, by function
- Plowing & Cultivating
- Sowing & Planting
- Plant Protection & Fertilizing
- Harvesting & Threshing
- Others
Farm equipment rental market, by equipment type
- Tractors
- Combines
- Sprayers
- Balers
- Others
Farm tractor rental market, by power output
- <30 HP
- 3170 HP
- 71130 HP
- 131250 HP
- >250 HP
Farm tractor market, by drive type
- Two-wheel
- Four-wheel
Autonomous tractor market, by power output
- <30 HP
- 31-100 HP
- >100 HP
Electric tractor market, by propulsion
- Battery Electric
- Hybrid Electric
By Region
- Asia Oceania
- North Americ
- Europe
- Rest of the World [RoW]
Recent Developments
- In November 2021, John Deere developed new material collection systems and mechanical grappleS for compact utility tractors. The New Frontier MG20F Mechanical Grapple offers a quick-attach solution for fast installation and features a 1,200-pound (544 kg) lift capacity.
- In December 2021, New Holland Agriculture designed a Straddle Tractor to meet the demanding requirements of the narrow vineyards typical of the premium wine growing regions such as Champagne, Mιdoc, and Burgundy.
- In August 20201, AGCO Corporation brand Massey Ferguson launched VE Series planters. The series consists of rigid and folding-frame planters to narrow transport and track planters that offer growers straightforward, dependable, durable planters to deliver consistent, accurate seed placement for optimum yields.
- In November 2021, CLAAS developed new flagship TORION 1913 and TORION 2014 models. They feature more engine power, higher lift capacity, and an even greater loading height.
Frequently Asked Questions (FAQ):
What is the current size of the global Farm Equipment market?
The global Farm Equipment market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0%, with Asia Oceania dominating the market.
Which application is currently leading the Farm Equipment market?
Farm Tractor is leading in the Farm Equipment market.
Many companies are operating in the Farm Equipment market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
The farm equipment market is led by established players, such as John Deere (US), AGCO Corporation (US), CNH Industrial (Netherlands), Kubota Corporation (Japan), and CLAAS (Germany). These companies adopted new product launches, acquisition, and joint venture strategies to gain traction in the Farm Equipment market.
How is the demand for Farm Equipment varies by region?
Asia Oceania is estimated to be the largest market for Farm Equipment during the forecast period. The growth of the Farm Equipment market in Asia Oceania is mainly attributed to the higher demand for Farm Equipment from India and China due to higher population and increasing farm mechanization.
What are the growth opportunities for the Farm Equipment supplier?
The demand for Four wheel drive, would create growth opportunities for the Farm Equipment market. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 26)
1.1 OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY CONSIDERED
1.5 SUMMARY OF CHANGES
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 31)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
FIGURE 2 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.2 LIST OF KEY SECONDARY SOURCES TO ESTIMATE FARM EQUIPMENT MARKET
2.1.3 KEY DATA FROM SECONDARY SOURCES
2.1.4 PRIMARY DATA
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.5 LIST OF PRIMARY PARTICIPANTS
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 5 FARM TRACTOR MARKET SIZE: BOTTOM-UP APPROACH (POWER OUTPUT AND REGION)
2.2.2 TOP-DOWN APPROACH
FIGURE 6 FARM EQUIPMENT MARKET SIZE: TOP-DOWN APPROACH (FARM TRACTOR, BY DRIVE TYPE)
FIGURE 7 FARM EQUIPMENT MARKET: RESEARCH DESIGN & METHODOLOGY
FIGURE 8 FARM EQUIPMENT MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF JOHN DEERE REVENUE ESTIMATION
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE
2.3 DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.4 FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.5.1 ASSUMPTIONS
TABLE 1 ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 46)
3.1 PRE- VS POST-COVID-19 SCENARIO
FIGURE 10 PRE- & POST-COVID-19 SCENARIO: FARM EQUIPMENT MARKET SIZE, 20182027 (USD MILLION)
TABLE 2 FARM EQUIPMENT MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 20182027 (USD MILLION)
3.2 REPORT SUMMARY
FIGURE 11 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021 VS. 2027 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 50)
4.1 ATTRACTIVE OPPORTUNITIES IN FARM EQUIPMENT MARKET
FIGURE 12 GROWING MECHANIZATION IN FARMING AND CONTRACT FARMING TO DRIVE FARM EQUIPMENT MARKET
4.2 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE
FIGURE 13 CEREAL COMBINES MARKET EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2027
4.3 FARM TRACTOR MARKET, BY DRIVE TYPE
FIGURE 14 FOUR WHEEL DRIVE MARKET EXPECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2027
4.4 FARM TRACTOR MARKET, BY POWER OUTPUT
FIGURE 15 31-70 HP TRACTORS PROJECTED TO LEAD MARKET
4.5 FARM IMPLEMENTS MARKET, BY FUNCTION
FIGURE 16 PLOWING & CULTIVATING PROJECTED TO LEAD MARKET
4.6 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT
FIGURE 17 <30 HP TRACTORS EXPECTED TO DOMINATE AUTONOMOUS SEGMENT OWING TO MAJOR APPLICATIONS IN VINEYARDS
4.7 ELECTRIC TRACTOR MARKET, BY PROPULSION
FIGURE 18 BATTERY ELECTRIC TRACTORS EXPECTED TO DRIVE MARKET OWING TO BETTER ROI
4.8 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE
FIGURE 19 TRACTORS SEGMENT TO COMMAND HIGHEST SHARE IN FARM EQUIPMENT RENTAL MARKET IN 2021
4.9 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE
FIGURE 20 TWO-WHEEL DRIVE SEGMENT TO COMMAND HIGHEST SHARE IN FARM TRACTOR RENTAL MARKET IN 2021
4.10 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT
FIGURE 21 31-70 HP TO DOMINATE FARM TRACTOR RENTAL MARKET FROM 20212027
4.11 FARM EQUIPMENT MARKET, BY REGION
FIGURE 22 ASIA OCEANIA ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2021
5 MARKET OVERVIEW (Page No. - 56)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 FARM EQUIPMENT MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Government support with farm loan waivers/credit finance
TABLE 3 SCHEMES LAUNCHED BY GOVERNMENT OF INDIA
5.2.1.2 OEM/sales incentives to support dealer service and rental operations
5.2.1.3 Contract farming
TABLE 4 CHARACTERISTICS OF TRANSACTIONAL AND CONTRACT FARMING
FIGURE 24 US FARMS WITH CONTRACTS, 2020
FIGURE 25 US VALUE OF PRODUCTION UNDER CONTRACT, 2020
TABLE 5 SAMPLE SIZE AND PREVALENCE OF CONTRACT FARMING, 2019
5.2.1.4 Increase in farm mechanization
FIGURE 26 MECHANIZATION RATE AND CONTRIBUTION OF AGRICULTURE INDUSTRY TO GDP IN MAJOR GEOGRAPHIES, 2020
TABLE 6 MECHANIZATION RATE IN INDIA FOR SEVERAL AGRICULTURAL ACTIVITIES, 2020
TABLE 7 PATTERN OF ASSISTANCE IN VARIOUS SCHEMES OF GOVERNMENT OF INDIA
TABLE 8 SUPPORT FROM REGIONAL GOVERNMENTS
5.2.2 RESTRAINTS
5.2.2.1 Growth of rental market
TABLE 9 JOHN DEERE: HARVESTERS RENTAL RATES IN US, 2020 (USD)
TABLE 10 JOHN DEERE: RENTAL RATES IN US, 2020 (USD)
5.2.2.2 High equipment cost in emerging economies
TABLE 11 PRICES OF TRACTORS IN US, 2020 (USD)
TABLE 12 PRICES OF VARIOUS FARM EQUIPMENT IN US, 2020 (USD)
5.2.3 OPPORTUNITIES
5.2.3.1 Precision agriculture
5.2.3.2 Increasing R&D and adoption of electric tractors
5.2.4 CHALLENGES
5.2.4.1 Rapidly changing emission norms and mandates
5.3 PORTERS FIVE FORCES ANALYSIS
TABLE 13 PORTERS FIVE FORCES ANALYSIS
FIGURE 27 PORTERS FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 TRADE ANALYSIS
TABLE 14 IMPORT TRADE DATA, BY KEY COUNTRIES, 2020 (USD)
TABLE 15 EXPORT TRADE DATA, BY KEY COUNTRIES, 2020 (USD)
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 28 REVENUE SHIFT FOR FARM EQUIPMENT MARKET
5.6 CASE STUDIES
5.6.1 CASE STUDY: TRUCKER AND CATTLE FARMER BENEFITS FROM TELESKID EFFICIENCY
5.6.2 CASE STUDY: KUBOTA UNVEILED PROTOTYPE OF COMPLETE ELECTRIC AUTONOMOUS TRACTOR
5.6.3 CASE STUDY: JOHN DEERE PREVIEWED X9 COMBINE HARVESTER
5.6.4 CASE STUDY: STEYR UNVEILED HYBRID CONCEPT TRACTOR
5.6.5 CASE STUDY: AGRIROBO UNMANNED AUTONOMOUS AGRICULTURAL MACHINERY
5.7 PATENT ANALYSIS
5.8 SUPPLY CHAIN ANALYSIS
FIGURE 29 SUPPLY CHAIN ANALYSIS: FARM EQUIPMENT MARKET
5.9 FARM EQUIPMENT MARKET ECOSYSTEM
TABLE 16 ROLE OF COMPANIES IN FARM EQUIPMENT MARKET ECOSYSTEM
5.9.1 REGULATORY ANALYSIS: EMISSION REGULATIONS
5.9.1.1 Farm Equipment
FIGURE 30 NON-ROAD MOBILE MACHINERY EMISSION REGULATION OUTLOOK, 20192025
5.9.2 AVERAGE SELLING PRICE (ASP) ANALYSIS, BY POWER OUTPUT AND REGION
TABLE 17 ASP: <30 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)
TABLE 18 ASP: 31-70 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)
TABLE 19 ASP: 71-130 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)
TABLE 20 ASP: 131-250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)
TABLE 21 ASP: >250 HP TRACTORS: PRICE RANGE ANALYSIS, BY REGION, 2021 (USD)
5.9.3 FARM EQUIPMENT: TECHNOLOGY TREND
5.9.3.1 Farm Equipment Automation
5.9.3.2 Agriculture 5.0
TABLE 22 CROP DATA MANAGEMENT SOFTWARE APPLICATIONS
5.9.4 FARM EQUIPMENT MARKET SCENARIO
FIGURE 31 FARM EQUIPMENT MARKET SCENARIO, 20182027 (USD BILLION)
5.9.4.1 Realistic Scenario
TABLE 23 FARM EQUIPMENT MARKET (REALISTIC SCENARIO), BY REGION, 20182027 (USD MILLION)
5.9.4.2 Low Impact Scenario
TABLE 24 FARM EQUIPMENT MARKET (LOW IMPACT SCENARIO), BY REGION, 20182027 (USD MILLION)
5.9.4.3 High Impact Scenario
TABLE 25 FARM EQUIPMENT MARKET (HIGH IMPACT SCENARIO), BY REGION, 20182027 (USD MILLION)
6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 86)
6.1 ASIA OCEANIA EXPECTED TO DOMINATE FARM EQUIPMENT MARKET
6.2 KEY FOCUS AREAS OF ELECTRIC FARM TRACTORS
6.3 FOUR-WHEEL DRIVE TRACTORS FOR FUTURE APPLICATIONS - KEY FOCUS AREA
6.4 GROWTH OF AUTONOMOUS TRACTORS IN COMING YEARS
6.5 CONCLUSION
7 FARM TRACTOR MARKET, BY POWER OUTPUT (Page No. - 89)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 32 FARM TRACTOR MARKET, BY POWER OUTPUT, 2021 VS. 2027 (USD MILLION)
TABLE 26 FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 27 FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 28 FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 29 FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
7.2 <30 HP
TABLE 30 <30 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 31 <30 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 32 <30 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 33 <30 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
7.3 3170 HP
TABLE 34 3170 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 35 3170 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 36 3170 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 37 3170 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
7.4 71130 HP
TABLE 38 71130 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 39 71130 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 40 71130 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 41 71130 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
7.5 131250 HP
TABLE 42 131250 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 43 131250 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 44 131250 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 45 131250 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
7.6 >250 HP
TABLE 46 >250 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 47 >250 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 48 >250 HP: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 49 >250 HP: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
8 FARM TRACTOR MARKET, BY DRIVE TYPE (Page No. - 100)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 33 FARM TRACTOR MARKET, BY DRIVE TYPE, 2021 VS 2027 (USD MILLION)
TABLE 50 FARM TRACTOR MARKET, BY DRIVE TYPE, 20162020 (000 UNITS)
TABLE 51 FARM TRACTOR MARKET, BY DRIVE TYPE, 20212027 (000 UNITS)
TABLE 52 FARM TRACTOR MARKET, BY DRIVE TYPE, 20162020 (USD MILLION)
TABLE 53 FARM TRACTOR MARKET, BY DRIVE TYPE, 20212027 (USD MILLION)
8.2 TWO-WHEEL DRIVE
TABLE 54 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 55 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 56 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 57 TWO-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
8.3 FOUR-WHEEL DRIVE
TABLE 58 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 59 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 60 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 61 FOUR-WHEEL DRIVE: FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
9 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE (Page No. - 106)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 34 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2021 VS. 2027 (USD MILLION)
TABLE 62 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20162020 (000 UNITS)
TABLE 63 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20212027 (000 UNITS)
TABLE 64 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20162020 (USD MILLION)
TABLE 65 FARM EQUIPMENT MARKET, BY EQUIPMENT TYPE, 20212027 (USD MILLION)
9.2 CEREAL COMBINES
TABLE 66 CEREAL COMBINES MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 67 CEREAL COMBINES MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 68 CEREAL COMBINES MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 69 CEREAL COMBINES MARKET, BY REGION, 20212027 (USD MILLION)
9.3 NON-CEREAL COMBINES
TABLE 70 NON-CEREAL COMBINES MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 71 NON-CEREAL COMBINES MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 72 NON-CEREAL COMBINES MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 73 NON-CEREAL COMBINES MARKET, BY REGION, 20212027 (USD MILLION)
9.4 BALERS
TABLE 74 BALERS MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 75 BALERS MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 76 BALERS MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 77 BALERS MARKET, BY REGION, 20212027 (USD MILLION)
9.5 SPRAYERS
TABLE 78 SPRAYERS MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 79 SPRAYERS MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 80 SPRAYERS MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 81 SPRAYERS MARKET, BY REGION, 20212027 (USD MILLION)
10 FARM IMPLEMENTS MARKET, BY FUNCTION (Page No. - 117)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 35 IMPLEMENTS MARKET, BY FUNCTION, 2021 VS. 2027 (USD MILLION)
TABLE 82 IMPLEMENTS MARKET, BY FUNCTION, 20162020 (USD MILLION)
TABLE 83 IMPLEMENTS MARKET, BY FUNCTION, 20212027 (USD MILLION)
10.2 PLOWING & CULTIVATING
TABLE 84 PLOWING & CULTIVATING MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 85 PLOWING & CULTIVATING MARKET, BY REGION, 20212027 (USD MILLION)
10.3 SOWING & PLANTING
TABLE 86 SOWING & PLANTING MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 87 SOWING & PLANTING MARKET, BY REGION, 20212027 (USD MILLION)
10.4 PLANT PROTECTION & FERTILIZING
TABLE 88 PLANT PROTECTION & FERTILIZING MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 89 PLANT PROTECTION & FERTILIZING MARKET, BY REGION, 20212027 (USD MILLION)
10.5 HARVESTING & THRESHING
TABLE 90 HARVESTING & THRESHING MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 91 HARVESTING & THRESHING MARKET, BY REGION, 20212027 (USD MILLION)
10.6 OTHER IMPLEMENTS
TABLE 92 OTHER IMPLEMENTS MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 93 OTHER IMPLEMENTS MARKET, BY REGION, 20212027 (USD MILLION)
11 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE (Page No. - 125)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 36 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 2021 VS 2027 (USD MILLION)
TABLE 94 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 20162020 (USD MILLION)
TABLE 95 FARM EQUIPMENT RENTAL MARKET, BY EQUIPMENT TYPE, 20212027 (USD MILLION)
11.2 TRACTORS
TABLE 96 TRACTORS RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 97 TRACTORS RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
11.3 COMBINES
TABLE 98 COMBINES RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 99 COMBINES RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
11.4 SPRAYERS
TABLE 100 SPRAYERS RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 101 SPRAYERS RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
11.5 BALERS
TABLE 102 BALERS RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 103 BALERS RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
11.6 OTHER EQUIPMENT
TABLE 104 OTHER EQUIPMENT RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 105 OTHER EQUIPMENT RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
12 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT (Page No. - 134)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS
FIGURE 37 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 2021 VS. 2027 (USD MILLION)
TABLE 106 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 107 FARM TRACTOR RENTAL MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
12.2 <30 HP
TABLE 108 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 109 <30 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
12.3 3170 HP
TABLE 110 3170 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 111 3170 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
12.4 71130 HP
TABLE 112 71130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 113 71130 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
12.5 131250 HP
TABLE 114 131250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 115 131250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
12.6 >250 HP
TABLE 116 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 117 >250 HP: FARM TRACTOR RENTAL MARKET, BY REGION, 20212027 (USD MILLION)
13 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE (Page No. - 143)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
13.1.2 ASSUMPTIONS
13.1.3 INDUSTRY INSIGHTS
FIGURE 38 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 20212027 (USD MILLION)
TABLE 118 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 20162020 (USD MILLION)
TABLE 119 FARM TRACTOR RENTAL MARKET, BY DRIVE TYPE, 20212027 (USD MILLION)
13.2 TWO-WHEEL DRIVE
TABLE 120 TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2016-2020 (USD MILLION)
TABLE 121 TWO-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2021-2027 (USD MILLION)
13.3 FOUR-WHEEL DRIVE
TABLE 122 FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2016-2020 (USD MILLION)
TABLE 123 FOUR-WHEEL DRIVE TRACTOR RENTAL MARKET, BY REGION, 2021-2027 (USD MILLION)
14 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT (Page No. - 149)
14.1 INTRODUCTION
14.1.1 RESEARCH METHODOLOGY
14.1.2 ASSUMPTIONS
14.1.3 INDUSTRY INSIGHTS
FIGURE 39 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20222030 (USD MILLION)
TABLE 124 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20222025 (000 UNITS)
TABLE 125 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20262030 (000 UNITS)
TABLE 126 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20222025 (USD MILLION)
TABLE 127 AUTONOMOUS TRACTOR MARKET, BY POWER OUTPUT, 20262030 (USD MILLION)
14.2 <30 HP
TABLE 128 <30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222025 (000 UNITS)
TABLE 129 <30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20262030 (000 UNITS)
TABLE 130 <30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222025 (USD MILLION)
TABLE 131 <30 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20262030 (USD MILLION)
14.3 31100 HP
TABLE 132 31-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222025 (000 UNITS)
TABLE 133 31-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20262030 (000 UNITS)
TABLE 134 31-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222025 (USD MILLION)
TABLE 135 31-100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20262030 (USD MILLION)
14.4 >100 HP
TABLE 136 >100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222025 (000 UNITS)
TABLE 137 >100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20262030 (000 UNITS)
TABLE 138 >100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20222025 (USD MILLION)
TABLE 139 >100 HP: AUTONOMOUS TRACTOR MARKET, BY REGION, 20262030 (USD MILLION)
15 ELECTRIC TRACTOR MARKET, BY PROPULSION (Page No. - 158)
15.1 INTRODUCTION
15.1.1 RESEARCH METHODOLOGY
15.1.2 ASSUMPTIONS
15.1.3 INDUSTRY INSIGHTS
FIGURE 40 ELECTRIC TRACTOR MARKET, BY PROPULSION, 20212027 (USD MILLION)
TABLE 140 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018-2020 (UNITS)
TABLE 141 ELECTRIC TRACTOR MARKET, BY PROPULSION, 20212027 (UNITS)
TABLE 142 ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018-2020 (USD MILLION)
TABLE 143 ELECTRIC TRACTOR MARKET, BY PROPULSION, 20212027 (USD MILLION)
15.2 BATTERY ELECTRIC
TABLE 144 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 20182020 (UNITS)
TABLE 145 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 20212027 (UNITS)
TABLE 146 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 2018-2020 (USD MILLION)
TABLE 147 BATTERY ELECTRIC TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
15.3 HYBRID ELECTRIC
TABLE 148 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2018-2020 (UNITS)
TABLE 149 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 20212027 (UNITS)
TABLE 150 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 2018-2020 (USD MILLION)
TABLE 151 HYBRID ELECTRIC TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
16 FARM TRACTOR MARKET, BY REGION (Page No. - 166)
16.1 INTRODUCTION
16.1.1 RESEARCH METHODOLOGY
16.1.2 ASSUMPTIONS
16.1.3 INDUSTRY INSIGHTS
FIGURE 41 FARM TRACTOR MARKET, BY REGION, 2021 VS 2027 (USD MILLION)
TABLE 152 FARM TRACTOR MARKET, BY REGION, 20162020 (000 UNITS)
TABLE 153 FARM TRACTOR MARKET, BY REGION, 20212027 (000 UNITS)
TABLE 154 FARM TRACTOR MARKET, BY REGION, 20162020 (USD MILLION)
TABLE 155 FARM TRACTOR MARKET, BY REGION, 20212027 (USD MILLION)
16.2 ASIA OCEANIA
FIGURE 42 ASIA OCEANIA: FARM TRACTOR MARKET SNAPSHOT
TABLE 156 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (000 UNITS)
TABLE 157 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (000 UNITS)
TABLE 158 ASIA-OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (USD MILLION)
TABLE 159 ASIA OCEANIA: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (USD MILLION)
16.2.1 AUSTRALIA
16.2.1.1 Government assistance to farmers expected to drive market
TABLE 160 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 161 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 162 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 163 AUSTRALIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.2.2 CHINA
16.2.2.1 Favorable government policies to subsidize tractor sales drive in China
TABLE 164 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 165 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 166 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 167 CHINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.2.3 INDIA
16.2.3.1 Rise in farm mechanization expected to drive Indian farm tractor market
TABLE 168 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 169 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 170 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 171 INDIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.2.4 JAPAN
16.2.4.1 Focus on encouraging agricultural co-operatives expected to fuel Japanese market
TABLE 172 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 173 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 174 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 175 JAPAN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.2.5 SOUTH KOREA
16.2.5.1 Debt restructuring plans for farmers to influence South Korean farm tractor market
TABLE 176 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 177 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 178 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 179 SOUTH KOREA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.2.6 REST OF ASIA OCEANIA
16.2.6.1 Favorable government policies drive farm tractors market in Rest of Asia Oceania
TABLE 180 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 181 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 182 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 183 REST OF ASIA OCEANIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3 EUROPE
FIGURE 43 EUROPE: FARM TRACTOR MARKET SNAPSHOT
TABLE 184 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (000 UNITS)
TABLE 185 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (000 UNITS)
TABLE 186 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (USD MILLION)
TABLE 187 EUROPE: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (USD MILLION)
16.3.1 FRANCE
16.3.1.1 Shortage of labor expected to drive French farm tractor market
TABLE 188 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 189 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 190 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 191 FRANCE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.2 GERMANY
16.3.2.1 Increasing demand for high-powered tractors expected to fuel German market
TABLE 192 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 193 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 194 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 195 GERMANY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.3 ITALY
16.3.3.1 Increasing popularity of precision agriculture expected to propel market in Italy
TABLE 196 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 197 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 198 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 199 ITALY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.4 POLAND
16.3.4.1 Farm subsidies in Poland expected to drive market
TABLE 200 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 201 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 202 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 203 POLAND: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.5 RUSSIA
16.3.5.1 Small and medium-sized farms to support Russian market
TABLE 204 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 205 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 206 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 207 RUSSIA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.6 SPAIN
16.3.6.1 Shortage of labor and increasing focus on precision agriculture to fuel market in Spain
TABLE 208 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 209 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 210 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 211 SPAIN: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.7 TURKEY
16.3.7.1 Larger farm sizes and favorable government policies to accelerate market in Turkey
TABLE 212 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 213 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 214 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 215 TURKEY: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.8 UK
16.3.8.1 Demand for high-powered tractors to push UK market
TABLE 216 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 217 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 218 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 219 UK: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.3.9 REST OF EUROPE
16.3.9.1 Financial aids from governments expected to drive Rest of Europe market
TABLE 220 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 221 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 222 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 223 REST OF EUROPE: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.4 NORTH AMERICA
FIGURE 44 NORTH AMERICA FARM TRACTOR MARKET, BY COUNTRY, 2021 VS 2027 (USD MILLION)
TABLE 224 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (000 UNITS)
TABLE 225 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (000 UNITS)
TABLE 226 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (USD MILLION)
TABLE 227 NORTH AMERICA: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (USD MILLION)
16.4.1 CANADA
16.4.1.1 Farm mechanization and investment by government for crop production to expand market in Canada
TABLE 228 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 229 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 230 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 231 CANADA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.4.2 MEXICO
16.4.2.1 Government support and presence of OEMs fuel market in Mexico
TABLE 232 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 233 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 234 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 235 MEXICO: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.4.3 US
16.4.3.1 Presence of key players expected to amplify tractors market in US
TABLE 236 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 237 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 238 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 239 US: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.5 REST OF THE WORLD (ROW)
FIGURE 45 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 2021 VS 2027 (USD MILLION)
TABLE 240 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (000 UNITS)
TABLE 241 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (000 UNITS)
TABLE 242 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 20162020 (USD MILLION)
TABLE 243 REST OF THE WORLD: FARM TRACTOR MARKET, BY COUNTRY, 20212027 (USD MILLION)
16.5.1 ARGENTINA
16.5.1.1 Focus of key players in manufacturing tractors push market in Argentina
TABLE 244 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 245 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 246 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 247 ARGENTINA: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.5.2 BRAZIL
16.5.2.1 Increasing export of tractors drive market in Brazil
TABLE 248 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 249 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 250 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 251 BRAZIL: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
16.5.3 REST OF REST OF THE WORLD
16.5.3.1 Exports of produce and government subsidies accelerate market in Rest of ROW
TABLE 252 REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (000 UNITS)
TABLE 253 REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (000 UNITS)
TABLE 254 REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 20162020 (USD MILLION)
TABLE 255 REST OF REST OF THE WORLD: FARM TRACTOR MARKET, BY POWER OUTPUT, 20212027 (USD MILLION)
17 COMPETITIVE LANDSCAPE (Page No. - 215)
17.1 OVERVIEW
17.2 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2020
TABLE 256 FARM EQUIPMENT MARKET SHARE ANALYSIS, 2020
FIGURE 46 FARM EQUIPMENT MARKET SHARE, 2020
17.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
FIGURE 47 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2018-2020
17.4 COMPANY EVALUATION QUADRANT: FARM EQUIPMENT SUPPLIERS
17.4.1 STAR
17.4.2 EMERGING LEADERS
17.4.3 PERVASIVE
17.4.4 PARTICIPANTS
TABLE 257 FARM EQUIPMENT MARKET: COMPANY PRODUCT FOOTPRINT, 2020
TABLE 258 FARM TRACTOR MARKET: COMPANY PROPULSION FOOTPRINT, 2020
TABLE 259 FARM EQUIPMENT MARKET: COMPANY REGION FOOTPRINT, 2020
FIGURE 48 COMPETITIVE EVALUATION MATRIX: FARM EQUIPMENT SUPPLIERS, 2020
FIGURE 49 DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
17.5 COMPETITIVE SCENARIO
17.5.1 NEW PRODUCT DEVELOPMENTS
TABLE 260 NEW PRODUCT DEVELOPMENTS, 20182022
17.5.2 DEALS
TABLE 261 DEALS, 20182022
17.5.3 OTHER DEVELOPMENTS
TABLE 262 OTHER DEVELOPMENTS, 20182021
17.6 KEY PLAYER STRATEGIES/RIGHT TO WIN, 20182021
TABLE 263 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS, PARTNERSHIPS, AND SUPPLY CONTRACTS AS KEY GROWTH STRATEGIES FROM 2018 TO 2021
18 COMPANY PROFILES (Page No. - 244)
18.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
18.1.1 JOHN DEERE
TABLE 264 JOHN DEERE: BUSINESS OVERVIEW
FIGURE 50 JOHN DEERE: COMPANY SNAPSHOT
TABLE 265 JOHN DEERE: PRODUCTS OFFERED
TABLE 266 JOHN DEERE: DEALS
TABLE 267 JOHN DEERE: NEW PRODUCT DEVELOPMENTS
18.1.2 CNH INDUSTRIAL
TABLE 268 CNH INDUSTRIAL: BUSINESS OVERVIEW
FIGURE 51 CNH INDUSTRIAL: COMPANY SNAPSHOT
TABLE 269 CNH INDUSTRIAL: PRODUCTS OFFERED
TABLE 270 CNH INDUSTRIAL: NEW PRODUCT DEVELOPMENTS
TABLE 271 CNH INDUSTRIAL: DEALS
TABLE 272 CNH INDUSTRIAL: OTHER DEVELOPMENTS
18.1.3 MAHINDRA & MAHINDRA
TABLE 273 MAHINDRA & MAHINDRA: BUSINESS OVERVIEW
FIGURE 52 MAHINDRA & MAHINDRA: COMPANY SNAPSHOT
TABLE 274 MAHINDRA & MAHINDRA: PRODUCTS OFFERED
TABLE 275 MAHINDRA & MAHINDRA: NEW PRODUCT DEVELOPMENTS
TABLE 276 MAHINDRA & MAHINDRA: DEALS
TABLE 277 MAHINDRA & MAHINDRA: OTHER DEVELOPMENT
18.1.4 AGCO CORPORATION
TABLE 278 AGCO CORPORATION: BUSINESS OVERVIEW
FIGURE 53 AGCO CORPORATION: COMPANY SNAPSHOT
TABLE 279 AGCO CORPORATION: PRODUCTS OFFERED
TABLE 280 AGCO CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 281 AGCO CORPORATION: DEALS
TABLE 282 AGCO CORPORATION.: OTHER DEVELOPMENT
18.1.5 KUBOTA CORPORATION
TABLE 283 KUBOTA CORPORATION: BUSINESS OVERVIEW
FIGURE 54 KUBOTA CORPORATION: COMPANY SNAPSHOT
TABLE 284 KUBOTA CORPORATION: PRODUCTS OFFERED
TABLE 285 KUBOTA CORPORATION: NEW PRODUCT DEVELOPMENTS
TABLE 286 KUBOTA CORPORATION: DEALS
TABLE 287 KUBOTA CORPORATION.: OTHER DEVELOPMENT
18.1.6 CLAAS KGAA MBH
TABLE 288 CLAAS KGAA MBH: BUSINESS OVERVIEW
FIGURE 55 CLAAS KGAA MBH: COMPANY SNAPSHOT
TABLE 289 CLAAS KGAA MBH: PRODUCTS OFFERED
TABLE 290 CLAAS KGAA MBH: NEW PRODUCT DEVELOPMENTS
TABLE 291 CLAAS KGAA MBH: DEALS
TABLE 292 CLAAS KGAA MBH: OTHER DEVELOPMENT
18.1.7 ISEKI & CO., LTD.
TABLE 293 ISEKI & CO., LTD.: BUSINESS OVERVIEW
FIGURE 56 ISEKI & CO., LTD.: COMPANY SNAPSHOT
TABLE 294 ISEKI & CO., LTD.: PRODUCTS OFFERED
TABLE 295 ISEKI & CO., LTD.: DEALS
18.1.8 ESCORTS LIMITED
TABLE 296 ESCORTS LIMITED: BUSINESS OVERVIEW
FIGURE 57 ESCORTS LIMITED: COMPANY SNAPSHOT
TABLE 297 ESCORTS LIMITED: PRODUCTS OFFERED
TABLE 298 ESCORTS LIMITED: NEW PRODUCT DEVELOPMENTS
TABLE 299 ESCORTS LIMITED: DEALS
18.1.9 SDF GROUP
TABLE 300 SDF GROUP: BUSINESS OVERVIEW
FIGURE 58 SDF GROUP: COMPANY SNAPSHOT
TABLE 301 SDF GROUP: PRODUCTS OFFERED
TABLE 302 SDF GROUP: NEW PRODUCT DEVELOPMENTS
TABLE 303 SDF GROUP: DEALS
TABLE 304 SDF GROUP: OTHER DEVELOPMENT
18.1.10 YANMAR HOLDINGS CO., LTD.
TABLE 305 YANMAR HOLDINGS CO., LTD.: BUSINESS OVERVIEW
FIGURE 59 YANMAR HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 306 YANMAR HOLDINGS CO., LTD.: PRODUCTS OFFERED
TABLE 307 YANMAR HOLDINGS CO., LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 308 YANMAR HOLDINGS CO., LTD.: DEALS
TABLE 309 YANMAR HOLDINGS CO., LTD.: OTHER DEVELOPMENT
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
18.2 OTHER PLAYERS
18.2.1 JCB
TABLE 310 JCB: COMPANY OVERVIEW
18.2.2 TRACTORS AND FARM EQUIPMENT LIMITED
TABLE 311 TRACTORS AND FARM EQUIPMENT LIMITED: COMPANY OVERVIEW
18.2.3 SONALIKA GROUP
TABLE 312 SONALIKA GROUP: COMPANY OVERVIEW
18.2.4 TONG YANG MOOLSAN (TYM)
TABLE 313 TONG YANG MOOLSAN (TYM): COMPANY OVERVIEW
18.2.5 DAEDONG INDUSTRIAL COMPANY LTD.
TABLE 314 DAEDONG INDUSTRIAL COMPANY LTD.: COMPANY OVERVIEW
18.2.6 EXEL INDUSTRIES
TABLE 315 EXEL INDUSTRIES: COMPANY OVERVIEW
18.2.7 BUCHER INDUSTRIES
TABLE 316 BUCHER INDUSTRIES: COMPANY OVERVIEW
18.2.8 ZETOR TRACTORS
TABLE 317 ZETOR TRACTORS: COMPANY OVERVIEW
18.2.9 ARGO TRACTORS S.P.A.
TABLE 318 ARGO TRACTORS S.P.A.: COMPANY OVERVIEW
18.2.10 CONCERN TRACTOR PLANTS
TABLE 319 CONCERN TRACTOR PLANTS: COMPANY OVERVIEW
18.2.11 AMAZONE H. DREYER GMBH & CO. KG
TABLE 320 AMAZONE H. DREYER GMBH & CO. KG: COMPANY OVERVIEW
18.2.12 ALAMO GROUP INC.
TABLE 321 ALAMO GROUP INC.: COMPANY OVERVIEW
18.2.13 BUHLER INDUSTRIES INC.
TABLE 322 BUHLER INDUSTRIES INC.: COMPANY OVERVIEW
18.2.14 AUTONOMOUS TRACTOR CORPORATION
TABLE 323 AUTONOMOUS TRACTOR CORPORATION: COMPANY OVERVIEW
18.2.15 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.
TABLE 324 CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.: COMPANY OVERVIEW
18.2.16 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION
TABLE 325 CHINA NATIONAL MACHINERY INDUSTRY CORPORATION: COMPANY OVERVIEW
18.2.17 WEICHAI LOVOL HEAVY INDUSTRY CO., LTD
TABLE 326 WEICHAI LOVOL HEAVY INDUSTRY CO., LTD: COMPANY OVERVIEW
18.2.18 KRONE GMBH & CO. KG
TABLE 327 KRONE GMBH & CO. KG: COMPANY OVERVIEW
18.2.19 VERMEER CORPORATION
TABLE 328 VERMEER CORPORATION: COMPANY OVERVIEW
18.2.20 PΦTTINGER LANDTECHNIK GMBH
TABLE 329 PΦTTINGER LANDTECHNIK GMBH: COMPANY OVERVIEW
19 APPENDIX (Page No. - 320)
19.1 INSIGHTS OF INDUSTRY EXPERTS
19.2 DISCUSSION GUIDE
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
19.4 AVAILABLE CUSTOMIZATIONS
19.4.1 FARM EQUIPMENT MARKET, BY POWER TYPE & COUNTRY
19.4.1.1 Asia Oceania
19.4.1.1.1 China
19.4.1.1.2 India
19.4.1.1.3 Japan
19.4.1.1.4 South Korea
19.4.1.1.5 Australia
19.4.1.1.6 Rest of Asia Oceania
19.4.1.2 Europe
19.4.1.2.1 Germany
19.4.1.2.2 France
19.4.1.2.3 UK
19.4.1.2.4 Spain
19.4.1.2.5 Russia
19.4.1.2.6 Italy
19.4.1.2.7 Poland
19.4.1.2.8 Turkey
19.4.1.2.9 Rest of Europe
19.4.1.3 North America
19.4.1.3.1 US
19.4.1.3.2 Canada
19.4.1.3.3 Mexico
19.4.1.4 Rest of the World
19.4.1.4.1 Brazil
19.4.1.4.2 Argentina
19.4.1.4.3 Others
19.4.2 ELECTRIC TRACTOR MARKET, BY POWER OUTPUT & COUNTRY
19.4.2.1 Asia Oceania
19.4.2.1.1 China
19.4.2.1.2 India
19.4.2.1.3 Japan
19.4.2.1.4 South Korea
19.4.2.1.5 Australia
19.4.2.1.6 Rest of Asia Oceania
19.4.2.2 Europe
19.4.2.2.1 Germany
19.4.2.2.2 France
19.4.2.2.3 UK
19.4.2.2.4 Spain
19.4.2.2.5 Russia
19.4.2.2.6 Italy
19.4.2.2.7 Poland
19.4.2.2.8 Turkey
19.4.2.2.9 Rest of Europe
19.4.2.3 North America
19.4.2.3.1 US
19.4.2.3.2 Canada
19.4.2.3.3 Mexico
19.4.2.4 Rest of the World
19.4.2.4.1 Brazil
19.4.2.4.2 Argentina
19.4.2.4.3 Others
19.4.3 DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 3)
19.5 RELATED REPORTS
19.6 AUTHOR DETAILS
The study involves four main activities to estimate the current size of the farm equipment market.
- Exhaustive secondary research was done to collect information on the market, such as, Farm tractor market by Power Output, Farm tractor market by Drive Type, Farm equipment market, by equipment type, Implements market, by function, Farm equipment Rental market, Farm equipment market by region, Farm equipment Rental market by region.
- The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
- Bottom-up and top-down approaches were employed to estimate the complete market size for different segments considered under this study.
- Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to in this research study included the Association of Equipment Manufacturers (AEM); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and farm equipment associations. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the farm equipment market scenario through secondary research. Several primary interviews were conducted with market experts from farm equipment providers, component/system providers, and end-user organizations across three major regions, namely, North America, Europe, and Asia Oceania. 100% of the primary interviews were conducted from the farm equipment providers and component/system providers. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, including sales, operations, and administrations, were contacted to provide a holistic viewpoint in the report while canvassing primaries.
After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, led to the findings delineated in the rest of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value and volume of the farm equipment market and other dependent submarkets, as mentioned below:
- The bottom-up approach was used to estimate and validate the size of the farm tractor market. The farm equipment market size by power output, in terms of volume, was derived by multiplying the region-level breakup for each type with region-level farm tractor sales. The farm tractor market size by power output, in terms of volume, was derived by multiplying the region-level breakup for each power output (<30 HP, 3170 HP, 71130 HP, 131250 HP, and >250 HP) with region-level farm tractor sales.
- The region-level farm equipment market by power output, by volume, was multiplied with the region-level average selling price (ASP) for each application to get the farm tractor market for each application by value.
- The summation of the region-level market would give the global farm tractor market, by power output. The total value of each region was then summed up to derive the total value of the farm tractor market by power output.
- All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
- The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
- The top-down approach was used to estimate and validate the market by drive type in terms of volume and value. The farm tractor market value (USD million) by region (Asia oceania, North America, Europe, and RoW) was derived from the global farm tractor market. The penetration of each drive type (two wheel drive and four wheel drive) at the regional level was derived from secondary sources and validated through primaries. The penetration of each drive type was multiplied by the regional farm tractor market to get the farm tractor market value (USD million) for each region. A summation of all region-wise markets was carried out to derive the total farm tractor market value (USD million) by drive type. The top-down approach was followed by farm equipment market by equipment type, farm implements market, by function etc.
Farm Equipment Market Size: Bottom-Up Approach
Farm Equipment Market Size: Top-Down Approach
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 tractors 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 Oceania, 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 (cereal combines, non-cereal combines, balers, sprayers)
- 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 define, describe, and forecast the electric tractor market, by value and volume, based on propulsion (battery electric and hybrid electric) 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 strategically analyze the market with Porters Five Forces analysis, supply chain analysis, market ecosystem, trade analysis, case studies, ASP analysis, patent analysis, trends/disruptions impacting buyers, technology trend, regulatory analysis, and the COVID-19 impact
Available customizations
Along with the given market data, MarketsandMarkets offers customizations in accordance with a companys specific needs
Farm Equipment Market, by Application country
- Asia Oceania
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Oceania
- Europe
- Germany
- France
- UK
- Spain
- Russia
- Italy
- Poland
- Turkey
- Rest of Europe
- North America
- US
- Canada
- Mexico
- RoW
- Brazil
- Argentina
- Others
Farm Equipment Market, by Type & country
- Asia Oceania
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Oceania
- Europe
- Germany
- France
- UK
- Spain
- Russia
- Italy
- Poland
- Turkey
- Rest of Europe
- North America
- US
- Canada
- Mexico
- RoW
- Brazil
- Argentina
- Others
detailed analysis and profiling of additional market players (UP TO 3)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Farm Equipment Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Farm Equipment Market
What are the Farm Equipment Market government efforts in emerging countries to increase farm mechanization?
I want to understand the current and future Global market/business potential of Farm Equipments - Tractor attachments
we are looking for No. of Tractor Engines manufactured /forecasted in the coming years for the Tractor segment in India. We are supplying some components for Engine Assly.