1. Market Research
  2. > Agriculture Market Trends
  3. > Agricultural Machinery

All the information you were looking for to start your analysis of the business of machines for agriculture purposes

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
30 votes

Global Agricultural Machinery Industry

The world agricultural machinery industry generated more than $56 billion in 2010, reports MarketLine. The market is expected to expand at a near 8% yearly rate through 2015 to reach almost $81 billion. The market involves the retail of tractors with less than 50 metric horsepower (which are classed as compact tractors), those above 50 metric horsepower and combine harvesters.

Agricultural market growth in developing nations will make up for slowing growth in developed countries in the years to come. Machinery market drivers include growing population, which increases food demand, and technological advances in machinery. Market growth depends on factors such as demand, economic climate and weather conditions.

As disposable incomes increase and living standards improve, demand for protein-rich foods fuels the need for agricultural products. Other industries that use agricultural products, including the pharmaceutical and petroleum sectors, also drive agricultural machinery demand.

Key Segments

Farm tractorsrepresent the leading market segment in the agricultural machinery and implements market. Tractors do most of the basic work in agricultural production. Advances in tractor technology and the integration of GPS are two major factors that have made tractors more versatile and suitable for a wider range of farming tasks. Machinery used for plowing and cultivation is expected to show a yearly growth rate in excess of 6.5% until 2017.

Regional Market Share

High range horsepower tractors of 100 horsepower and over are most commonly produced in the US and Canada. However, the EU and certain Latin American regions dominate the global market in medium-range tractor production, that is between 40 and 100 horsepower. In the lower range, below 40 horsepower, Japan is an important market player.

The EU agricultural machinery market generated almost $18 billion in 2010 according to MarketLine. The yearly growth rate is expected to increase to almost 5.5% through 2015, bringing the market to over $23 billion.

Asia-Pacific dominates the global agricultural machinery market in terms of growth. The region is expected to record close to 8% yearly growth until 2017, far outpacing growth in the established markets of the US and the EU. A major growth driver is farm mechanization in countries such as China and India.

Economic growth and rising disposable income along with the widespread mechanization of the farming industry in developing nations will fuel the agricultural implements and machinery market in the years to come. Mechanization of the agricultural industries in Russia, Brazil and Thailand will also fuel growth. Government spending to boost food production will also facilitate market expansion.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of about 200 reports

Global Agricultural Machinery Markets Forecast

  • January 2015
    11 pages
  • Agricultural Ma  

  • World  

View report >

Agricultural Machinery Statistics in the US

  • September 2014
    32 pages
  • United States  

View report >

Agricultural Machinery Industry in China and Asia Forecast

  • January 2015
    9 pages
  • Agricultural Ma  

  • China  

    Asia  

    Malaysia  

View report >

Agricultural Machinery Supply in Japan Forecast

  • January 2015
    13 pages
  • Agricultural Ma  

  • Japan  

    France  

    Asia  

View report >

Agricultural Machinery Statistics in Germany

  • October 2015
    33 pages
  • Agricultural Ma  

  • Germany  

    Europe  

    World  

View report >

Agricultural Machinery Statistics in India

  • January 2015
    56 pages
  • Combined Harves  

    Tractor  

    Power Tiller  

  • India  

View report >

Agricultural Machinery Industry in China

  • July 2015
    26 pages
  • Agricultural Ma  

  • China  

    Asia  

View report >

The future of the Planter Industry

  • January 2016
  • Planter  

  • United States  

    World  

View report >

Fruit Industry in the US and North America

  • December 2015
    170 pages
  • Fruit  

    Crop Production  

    Combined Harves  

  • United States  

    North America  

    South Africa  

View report >

The future of the Agricultural Equipment Industry in Spain

  • November 2015
    5 pages
  • Agricultural Eq  

  • Spain  

    Europe  

View report >

Search in Agricultural Machinery Industry (About 200 reports)
Parent industry: Agriculture
Related industries: Agricultural Products, Agrochemical

About 1 200 reports

Purchase Reports From Reputable Market Research Publishers
(From € 79 - € 3 720)

Engine Market for Off-Highway Vehicle by Power Output  , Capacity , Fuel Type , & by Region - Forecast to 2020

Engine Market for Off-Highway Vehicle by Power Output , Capacity , Fuel Type , & by Region - Forecast to 2020

  • € 3 720
  • Industry report
  • January 2016
  • by MarketsandMarkets

“Increasing infrastructure activities, with rising mechanization in agriculture industry to fuel the demand for off-highway engines; whereas stringent emission norms to drive off-highway vehicle engines ...

Global Agricultural Machinery Market- By Type, Applicat ...

November 2015 € 3 400

Global Planter Sales 2015 Market Research Report

December 2015 € 3 200

Global Micro Irrigation Market, By Country (united Stat ...

November 2015 € 3 200

United States Boom Irrigation Systems Industry 2015 Mar ...

December 2015 € 3 040

United States Mechanized Irrigation System Equipment In ...

December 2015 € 3 040

United States Micro-sprinkler Irrigation Systems Indust ...

December 2015 € 3 040

Usa Aircraft Tow Tractor Industry 2015 Market Research ...

December 2015 € 3 040

United States Broadcast Spreader Industry 2015 Market R ...

December 2015 € 3 040

United States Self-propelled Forage Harvester Industry ...

December 2015 € 3 040

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.