Global Farm Tractors Industry

  • March 2013
  • -
  • Global Industry Analysts
  • -
  • 441 pages

This report analyzes the worldwide markets for Farm Tractors in US$ Million.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2010 through 2018. Also, a six-year historic analysis is provided for these markets.

The report profiles 72 companies including many key and niche players such as AGCO Corp., CNH Global, New Holland Fiat India Pvt. Ltd., Deere & Company, Escorts Group, Kioti Tractor Division Daedong-USA, Inc., Kubota Corporation, Mahindra Group, Same Deutz-Fahr Group, Steyr Landmaschinentechnik AG, and Tractors and Farm Equipment Ltd. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based upon search engine sources in the public domain.

Table Of Contents




I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS
Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3


II. EXECUTIVE SUMMARY

1. MARKET DYNAMICS II-1
Agricultural Equipment: An Overview II-1
Key Statistical Inputs II-2
Table 1: Share of Agriculture Sector in GDP (Nominal Terms)
by Country/Region: 2012 (includes corresponding Graph/Chart) II-2

Table 2: Global Agricultural Machinery Production (2012):
Percentage Share Breakdown by Geographic Region - Europe,
North America, China, India, Latin America, Japan and Others
(includes corresponding Graph/Chart) II-3

Table 3: Global Agricultural Equipment Market by Leading
Players (2011): Percentage Market Share Breakdown for Deere
and Co., CNH Global, AGCO Corporation, CLASS KGaA, Kubota
Corp., and Others (includes corresponding Graph/Chart) II-3

Table 4: Geographic Breakup of Agricultural Machinery Sales
of Top 3 Agricultural Machinery Manufacturers: 2011 (includes
corresponding Graph/Chart) II-4
Farm Tractors: A Prelude II-4
Table 5: Global Agricultural Equipment Demand by Segment
(2012): Percentage Market Share Breakdown of Value Sales for
Farm Tractors, Parts and Attachments, Harvesting Machinery, and
Other Agricultural Equipment (includes corresponding
Graph/Chart) II-5
Recession Impact on Agricultural Equipment Market in Retrospect II-5
Healthy Outlook for Tractors in the Long-Term II-6
Competition: An Insight II-7
Leading Tractor Manufacturers Feel the Heat of Competition
from Asian and South American Manufacturers II-7

2. MARKET TREND/ISSUES AND GROWTH DRIVERS II-8
Population Explosion: A Key Factor Driving Demand II-8
Emerging Economies Drive Market Expansion II-8
Rising Demand for Energy Crops: A Business Case for Farm Tractors II-8
Global Biofuel Blending Targets II-9
Table 6: World Biofuels (Bioethanol and Biodiesel) Market -
Percentage Breakdown of Gallon Consumption by Geographic
Region for US, Canada, Japan, Europe, Asia-Pacific, Latin
America, and Rest of World for 2004, 2011 and 2018 (includes
corresponding Graph/Chart) II-10
Technologically Advanced Tractors Gain Prominence in Developed
Markets II-10
Comfort Features: An Important Value Addition Gaining Traction II-11
Alternative Fuel Tractors: An Important Product Development in
the Coming Years II-11
Greater Adoption of Precision Farming Techniques Bodes Well
For Tractor Market II-12
Developing Nations Drift towards Smaller Tractors II-12

3. PRODUCT OVERVIEW II-13
Agricultural Equipment II-13
Tractors II-13
Farm Tractors II-13
Different Types of Farm Tractors II-14
Compact Utility Tractors II-14
Utility Tractors II-14
Specialty tractors II-14
Garden Tractors II-14
Farming Practices II-14
Large-Scale, Capital-Intensive Farming II-14
Medium-Scale Farming II-14
Small-Scale Farming II-14

4. PRODUCT INNOVATIONS/INTRODUCTIONS II-15
KIOTI Unveils RX6010PC Tractor Model II-15
Valtra Introduces N103 and N93 Tractors II-15
Kubota Introduces New Grand X Tractors II-16
Mahindra and Mahindra Rolls out New Mahindra 395 DI Super Turbo II-17
Mahindra and Mahindra Launches Bhoomiputra 265 Powerplus
Hydraulic System II-17
New Holland Fiat Introduces SKY WATCH GPS/GPRS Technology for
Tractors II-17
KIOTI Announces Entry into Subcompact Tractor Segment with CS2410 II-18
Escorts Introduces Premium Tractors II-18
Deere Starts Construction of Second Indian Tractor Factory II-19
John Deere Adds Three New Versatile Models to Company’s 6R
Series Tractors Portfolio II-19
Fendt Launches Fendt 900 Series Vario Tractors II-19
Mahindra Launches Company’s Most Powerful 9200-4WD Tractor for
International Markets II-20
Kubota Tractor Launches Advanced M-Series Tractors II-21
Massey Ferguson Launches 9500 Series Combines and 7600 Series
Tractors II-21
John Deere Introduces New 9R and 9RT Series Tractors II-23
Steyr Launches Farm Tractor II-24
Versatile Expands Product Line from Farm Tractors to Farm
Equipment II-24
John Deere Unveils Five Models of 7R Row-Crop Tractor Series II-25
John Deere India Launches ‘Smart’ Tractor Model 5060E in the
Indian Market II-25
Escorts Unveils Jai Kissan Tractor Series in India II-26
Argo Enters into Agreement with Daedong to Introduce Utility
Tractors II-26
Kubota Introduces a Cheaper Farm Tractor in Japan II-26
Mahindra Scales up Yuvraj215 Tractor Capacity II-26
Warfama to Reintroduce Ursus Tractors II-26
Deere to Launch New Production Facility in China II-27
John Deere to Launch 5E and 5M Series Utility Tractors II-27
John Deere Launches 7R Series Tractors II-28
Kubota Corporation to Establish New Manufacturing Plant II-29
John Deere Launches 6R Series Row-Crop Tractors II-30
John Deere to Launch New Range of Sub-Compact Tractors II-30
McCormick Introduces X10 Series of Utility Tractors II-31
John Deere Introduces Sub-Compact Utility Tractor II-31
KIOTI to Launch a New Range of DKSE Mid-Size Tractor Models II-31
MandM Launches India’s First 15 HP Tractor II-33
Escorts Introduces Inverter Tractor II-33
John Deere Launches Personalized 4020 Tractor II-33
New Holland T7 Series Tractors Deliver Best-in-Class Fuel
Efficiency II-33
Mahindra Rolls Out New Tractor Models II-34
Case IH Launches New Magnum Tractors II-34
McCormick Introduces New Utility Tractor Series II-35
New Holland Launches T8 Series Long Wheelbase Tractors II-35
New Holland Releases T9 4WD Tractors with Advanced Features II-36
New Holland Introduces Two “Blue Power” Tractor Models II-36
New Holland Introduces Hydrogen Powered Tractor II-37
New Holland Launches New Boomer Tractors II-37
New Holland Launches New Tractors T5070 and T6090 II-37
HMT Launches Tractors II-38
Same Deutz Fahr Introduces Deutz-Fahr TTV 7.260 II-39
Fendt Unveils New Tractor Models in the 200 and 800 Range II-39
Mahindra USA Unveils 13 New Tractor Models II-40
Mahindra USA Unveils 5035 4WD Premium Compact Tractor II-40
Mahindra USA Launches New 5035 4WD Tractor Model II-41
TAFE to Introduce New Small Tractor II-42

5. RECENT INDUSTRY ACTIVITY II-43
AGCO to Establish JV with L'Enteprise Publique Economique de
Commercialisation de Materiels Agricoles and L'Enteprise
Publique Economique de Production de Tracteurs Agricoles II-43
Case IH Inks Lease Agreement with Forest Preserve District II-43
TAFE and Captain Tractors Enter into Strategic Agreement II-43
Deere to Boost Capacity at Iowa Tractor Plant II-44
Kubota Corporation to Establish New Manufacturing Plant II-44
Blackstone to Acquire Minority Stake in International Tractors II-45
Titan Machinery Acquires Van Der Werff Implement II-45
Sonalika Group to Acquire Italian firm II-45
SAME DEUTZ-FAHR forms Joint Venture with CHANGLIN II-45
Topcon Precision and SAME DEUTZ-FAHR Ink Production Agreement II-46
Kubota to Set Up a New Factory II-46
MOTIRA Expands Tractor Production II-46
Titan Machinery Announces Takeover of Carlson Tractor and
Equipment II-47
AGCO to Take over Shandong Dafeng Machinery II-47
KUHN and RAUCH Strengthen Joint Venture II-47
Smith’s Implements Acquires Landmark Equipment II-47
Landoll Takes over Brillion Farm Equipment II-47
Great Plains Completes Acquisition of Simba International II-48
AGCO Acquires Sparex Holdings II-48
AGCO Takes over Laverda Harvesting II-48
Mitsubishi and Mahindra and Mahindra Ink Agreement to Transfer
Farming Technology II-48
PFG Australia and Same Deutz-Fahr Ink Distribution Agreement II-48
Deere Purchases Customer Relationships and Assets of Israeli
Company II-49
Mahindra and Mahindra Signs Licensing Deal with Mitsubishi II-49

6. FOCUS ON SELECT PLAYERS II-50
AGCO Corp. (US) II-50
CNH Global (US) II-50
New Holland Fiat India Pvt. Ltd. (India) II-51
Deere and Company (John Deere) (US) II-52
Escorts Group (India) II-52
Kioti Tractor Division Daedong-USA, Inc. (US) II-53
Kubota Corporation (Japan) II-53
Mahindra Group (India) II-54
Same Deutz-Fahr Group (Italy) II-54
Steyr Landmaschinentechnik AG (Austria) II-55
Tractors and Farm Equipment Ltd. (TAFE) (India) II-56

7. GLOBAL MARKET PERSPECTIVE II-57
Table 7: World Recent Past, Current and Future Analysis for Farm
Tractors by Geographic Region - US, Canada, Japan, Europe,
Asia-Pacific (excluding Japan), Middle East/Africa and Latin
America Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-57

Table 8: World Historic Review for Farm Tractors by Geographic
Region - US, Canada, Japan, Europe, Asia-Pacific (excluding
Japan), Middle East/Africa and Latin America Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-58

Table 9: World 15-Year Perspective for Farm Tractors by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Middle East/Africa and Latin America Markets for Years 2004,
2012 and 2018 (includes corresponding Graph/Chart) II-59

Table 10: World Recent Past, Current and Future Analysis for
Farm Tractors by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Middle East/Africa and
Latin America Markets Independently Analyzed with Annual Sales
Figures in ‘000 Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) II-60

Table 11: World Historic Review for Farm Tractors by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Middle East/Africa and Latin America
Markets Independently Analyzed with Annual Sales Figures in
‘000 Units for Years 2004 through 2009 (includes corresponding
Graph/Chart) II-61

Table 12: World 15-Year Perspective for Farm Tractors by
Geographic Region - Percentage Breakdown of Unit Sales for US,
Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
East/Africa and Latin America Markets for Years 2004, 2012 and
2018 (includes corresponding Graph/Chart) II-62


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Outlook III-1
Major Factors Influencing Farm Equipment Purchases III-1
Major Trends III-2
High Potential for Replacement Sales of High HP Tractors III-2
Table 13: US Farm Tractor Fleet by Power Categories
(2007): Breakdown of Number of Tractor Fleet Utilized in
Farms with Horsepower of 100 HP and Above, 40 to 99 HP,
and Less than 40 HP (in Thousand Units) (includes
corresponding Graph/Chart) III-2
Agricultural Machinery Manufacturers Keep Tight Rein on
Inventory III-2
Government Incentives Boost Sales of Agricultural Equipment III-3
Robots to Drive Farm Tractors and Combines III-3
Sales of High Horsepower Tractors on Rise III-3
Buyer Focus on Functionality and Comfort on the Rise III-4
Agricultural Machinery Exports Recovers Post Recession III-4
Table 14: US Exports of Agricultural Machinery by Leading
Country (2009): Percentage Breakdown of Value Exports for
Canada, Australia, Mexico, Germany, France, UK and Others
(includes corresponding Graph/Chart) III-5

Table 15: US Exports of Agricultural Machinery by
Destination (2011): Value Exports in US$ Million for
Canada, Australia, Mexico, Brazil, Germany, China, France,
Ukraine, United Kingdom, Russia (includes corresponding
Graph/Chart) III-5
Competitive Scenario III-6
Table 16: Leading Players in the US Agricultural Equipment
Market (2012): Percentage Share Breakdown of Value Sales
for Deere and Co, CNH Global, Agco, Kubota Corp, and Others
(includes corresponding Graph/Chart) III-6
Key Statistics III-6
Table 17: North American Agricultural Equipment Demand by
Segment (2012): Percentage Share Breakdown of Value Sales
for Farm Tractors, Parts and Attachments, Harvesting
Machinery, and Other Agricultural Equipment (includes
corresponding Graph/Chart) III-6

Table 18: US Farm Tractors Market by Type (2012): Breakdown
of Retail Unit Sales for 2WD Farm Tractors ( 100 HP, and 100+ HP) and 4WD Farm Tractors (includes
corresponding Graph/Chart) III-7

Table 19: Planted Acreage in the US: 2010-2012 (in Million
acres) (includes corresponding Graph/Chart) III-7

Table 20: Planted Acreage in the US: 2003-2007 (in Million
acres) (includes corresponding Graph/Chart) III-7

Table 21: Average Farm Size in the US: 2002-2011 (in Acres)
(includes corresponding Graph/Chart) III-8

Table 22: Number of Farms in the US: 2002-2011 (in
Thousands) (includes corresponding Graph/Chart) III-8
Product Introductions III-8
Strategic Corporate Developments III-18
Key Players III-22
B.Market Analytics III-25
Value Analytics III-25
Table 23: US Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-25

Table 24: US Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-26
Volume Analytics III-27
Table 25: US Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-27

Table 26: US Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-28

2. CANADA III-29
A.Market Analysis III-29
Outlook III-29
Canadian Manufacturers Profit from Bustling Tractor Sales III-29
Small Farmers Grab a Sizable Chunk of Agricultural Equipment
Sales III-29
Key Statistics III-30
Table 27: Canadian Farm Tractors Market by Type (2012):
Breakdown of Retail Unit Sales for 2WD Farm Tractors ( HP, 40 (includes corresponding Graph/Chart) III-30

Table 28: Average Farm Size (in Acres) in Canada by
Province: 2011 (includes corresponding Graph/Chart) III-30

Table 29: Number of Farms in Canada by Province: 2011
(includes corresponding Graph/Chart) III-31
Product Introductions III-31
Strategic Corporate Developments III-32
B.Market Analytics III-33
Value Analytics III-33
Table 30: Canadian Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-33

Table 31: Canadian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-34
Volume Analytics III-35
Table 32: Canadian Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-35

Table 33: Canadian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-36

3. JAPAN III-37
A.Market Analysis III-37
Outlook III-37
Recession Impact III-37
Product Introductions III-37
B.Market Analytics III-39
Value Analytics III-39
Table 34: Japanese Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-39

Table 35: Japanese Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-40
Volume Analytics III-41
Table 36: Japanese Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-41

Table 37: Japanese Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-42

4. EUROPE III-43
A.Market Analysis III-43
Outlook III-43
Overview of European Agricultural Machinery Market III-43
Table 38: European Agricultural Machinery Production
(2012): Percentage Share Breakdown by Geographic Region -
Italy, Germany, France, UK, Denmark, Austria, Belgium and
Others (includes corresponding Graph/Chart) III-44
Impact of Recession on Agricultural Machinery Market III-44
Tractors, the Largest Product Category in Europe III-44
A Highly Concentrated Market III-45
Table 39: Leading Players in the European Market for
Agricultural Equipment (2010): Percentage Breakdown of
Volume Sales by Company for Deere and Co, CNH Global, AGCO,
and Others (includes corresponding Graph/Chart) III-45
Panorama of Tractor Technology Trends in Europe III-45
Key Statistics III-46
Table 40: Western European Agricultural Equipment Demand by
Segment (2012): Percentage Share Breakdown of Value Sales
for Farm Tractors, Parts and Attachments, Harvesting
Machinery, and Other Agricultural Equipment (includes
corresponding Graph/Chart) III-46

Table 41: European Union Utilized Agricultural Area by
Country: 2010 (in Thousand Hectares) (includes
corresponding Graph/Chart) III-47
B.Market Analytics III-48
Value Analytics III-48
Table 42: European Recent Past, Current and Future Analysis
for Farm Tractors by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2010 through 2018 (includes corresponding
Graph/Chart) III-48

Table 43: European Historic Review for Farm Tractors by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Sales Figures in US$ Million for Years 2004
through 2009 (includes corresponding Graph/Chart) III-49

Table 44: European 15-Year Perspective for Farm Tractors by
Geographic Region - Percentage Breakdown of Dollar Sales
for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2004, 2012 and 2018 (includes
corresponding Graph/Chart) III-50
Volume Analytics III-51
Table 45: European Recent Past, Current and Future Analysis
for Farm Tractors by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-51

Table 46: European Historic Review for Farm Tractors by
Geographic Region - France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets Independently Analyzed
with Annual Sales Figures in Thousand Units for Years 2004
through 2009 (includes corresponding Graph/Chart) III-52

Table 47: European 15-Year Perspective for Farm Tractors by
Geographic Region - Percentage Breakdown of Unit Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2004, 2012 and 2018 (includes
corresponding Graph/Chart) III-53

4a. FRANCE III-54
A.Market Analysis III-54
Outlook III-54
B.Market Analytics III-54
Value Analytics III-54
Table 48: French Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-54

Table 49: French Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-55
Volume Analytics III-56
Table 50: French Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-56

Table 51: French Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-57

4b. GERMANY III-58
A.Market Analysis III-58
Outlook III-58
Agricultural Machinery Market III-58
B.Market Analytics III-59
Value Analytics III-59
Table 52: German Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-59

Table 53: German Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-60
Volume Analytics III-61
Table 54: German Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-61

Table 55: German Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-62

4c. ITALY III-63
A.Market Analysis III-63
Outlook III-63
Italian Agricultural Machinery Market - An Overview III-63
Product Introductions III-64
B.Market Analytics III-64
Value Analytics III-64
Table 56: Italian Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-64

Table 57: Italian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-65
Volume Analytics III-66
Table 58: Italian Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-66

Table 59: Italian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-67

4d. THE UNITED KINGDOM III-68
A.Market Analysis III-68
Outlook III-68
UK Agricultural Equipments Market Stages Strong Comeback III-68
Table 60: Leading Players in UK Tractor Market (2011):
Percentage Breakdown of Tractor Unit Registrations for John
Deere, CNH, AGCO, Claas, Kubota, Same Deutz-Fahr, AgriArgo,
JCB and Others (includes corresponding Graph/Chart) III-68
Product Introductions III-69
B.Market Analytics III-71
Value Analytics III-71
Table 61: UK Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-71

Table 62: UK Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-72
Volume Analytics III-73
Table 63: UK Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-73

Table 64: UK Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-74

4e. SPAIN III-75
A.Market Analysis III-75
Outlook III-75
B.Market Analytics III-75
Value Analytics III-75
Table 65: Spanish Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-75

Table 66: Spanish Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-76
Volume Analytics III-77
Table 67: Spanish Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-77

Table 68: Spanish Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-78

4f. RUSSIA III-79
A.Market Analysis III-79
Outlook III-79
An Overview of the Russian Farm Equipment Market III-79
Table 69: Russian Farm Tractors Market by Type (2012):
Breakdown of Retail Unit Sales for 2WD Farm Tractors ( HP, 40 (includes corresponding Graph/Chart) III-80
B.Market Analytics III-80
Value Analytics III-80
Table 70: Russian Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-80

Table 71: Russian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-81
Volume Analytics III-82
Table 72: Russian Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-82

Table 73: Russian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-83

4g. REST OF EUROPE III-84
A.Market Analysis III-84
Outlook III-84
Focus on Select Regional Markets III-84
Turkish Tractor Production Rises Up from Recession III-84
Bright Prospects for Ukraine’s Tractor Machinery Market III-84
Competitive Scenario III-85
Polish Market Offers Strong Prospects for Imported
Agricultural Equipment III-85
Product Introductions III-86
Strategic Corporate Development III-86
B.Market Analytics III-87
Value Analytics III-87
Table 74: Rest of Europe Recent Past, Current and Future
Analysis for Farm Tractors Market Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-87

Table 75: Rest of Europe Historic Review for Farm Tractors
Market Analyzed with Annual Sales Figures in US$ Million
for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-88
Volume Analytics III-89
Table 76: Rest of Europe Recent Past, Current and Future
Analysis for Farm Tractors Market Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through
2018 (includes corresponding Graph/Chart) III-89

Table 77: Rest of Europe Historic Review for Farm Tractors
Market Analyzed with Annual Sales Figures in Thousand Units
for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-90

5. ASIA-PACIFIC III-91
A.Market Analysis III-91
Outlook III-91
Table 78: Asia-Pacific Agricultural Equipment Demand by
Segment (2012): Percentage Share Breakdown of Value Sales
for Farm Tractors, Harvesting Machinery, Parts and
Attachments, and Other Agricultural Equipment (includes
corresponding Graph/Chart) III-91
B.Market Analytics III-92
Value Analytics III-92
Table 79: Asia-Pacific Recent Past, Current and Future
Analysis for Farm Tractors by Geographic Region - China,
India, South Korea, and Rest of Asia-Pacific Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2010 through 2018 (includes corresponding
Graph/Chart) III-92

Table 80: Asia-Pacific Historic Review for Farm Tractors by
Geographic Region - China, India, South Korea, and Rest of
Asia-Pacific Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2004 through 2009
(includes corresponding Graph/Chart) III-93

Table 81: Asia Pacific 15-Year Perspective for Farm
Tractors by Geographic Region - Percentage Breakdown of
Dollar Sales for France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets for Years 2004, 2012 and 2018
(includes corresponding Graph/Chart) III-94
Volume Analytics III-95
Table 82: Asia-Pacific Recent Past, Current and Future
Analysis for Farm Tractors by Geographic Region - China,
India, South Korea, and Rest of Asia-Pacific Markets
Independently Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-95

Table 83: Asia-Pacific Historic Review for Farm Tractors by
Geographic Region - China, India, South Korea, and Rest of
Asia-Pacific Markets Independently Analyzed with Annual
Sales Figures in Thousand Units for Years 2004 through 2009
(includes corresponding Graph/Chart) III-96

Table 84: Asia Pacific 15-Year Perspective for Farm
Tractors by Geographic Region - Percentage Breakdown of
Unit Sales for France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets for Years 2004, 2012 and 2018
(includes corresponding Graph/Chart) III-97

5a. CHINA III-98
A.Market Analysis III-98
Outlook III-98
Overview III-98
Chinese Tractor Exports Surge in the Face of Recession III-98
Chinese Agricultural Equipment Sales to Skyrocket III-98
Table 85: Chinese Farm Equipment Demand by Segment (2012):
Percentage Share Breakdown of Value Sales for Farm
Tractors, Harvesting Machinery, Parts and Attachments,
Plowing and Cultivating Machinery, and Other Agricultural
Equipment (includes corresponding Graph/Chart) III-99
Government’s Initiatives to Boost Domestic Agricultural
Machinery Sector III-100
Competitive Scenario III-100
Table 86: Chinese Agricultural Equipment Market (2011):
Percentage Share Breakdown of Value Sales for China
National Machine, Foton Lovol, Deere, Kubota, Shandong
Shifeng, and Others (includes corresponding Graph/Chart) III-100
Strategic Corporate Development III-101
B.Market Analytics III-101
Value Analytics III-101
Table 87: Chinese Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-101

Table 88: Chinese Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-102
Volume Analytics III-103
Table 89: Chinese Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-103

Table 90: Chinese Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-104

5b. INDIA III-105
A.Market Analysis III-105
Outlook III-105
Overview of Agricultural Mechanization in India III-105
Table 91: Power Utilization in Kilowatt Per Hectare in
Indian Agricultural Sector (1980, 2000 and 2020) (includes
corresponding Graph/Chart) III-106

Table 92: Power Sources in Indian Agricultural Sector by
Type (1980, 1990, 2000, 2010 and 2020): Percentage Breakdown
of Power Contributed by Tractors, Engine Motors, Diesel
Engines, Agricultural Labor, Draught Animals, and Power
Tillers (includes corresponding Graph/Chart) III-107
Threats to Agricultural Equipment Sector III-107
Competitive Scenario III-108
Table 93: Leading Tractor Manufacturers in Indian Market
(2012): Percentage Share Breakdown of Unit Sales for
Mahindra and Mahindra/PTL, TAFE/Eicher, Escorts, Sonalika,
John Deere, New Holland and Others (includes corresponding
Graph/Chart) III-108
Farm Equipment Sales Spike Due to Subsidies and Dearth of
Workers III-109
Indian Tractor Market Maintains Winning Streak III-109
Low Penetration of Tractors and Accessories Presents
Opportunity for Growth III-110
Table 94: Indian Agricultural Sector (2012): Penetration
of Select Agricultural Equipment for Manual Plant
Protection Devices, Straw Reapers, Forage Harvesters,
Tractors, Tractor-driven Cultivators, Horticultural
Implements, Sprinklers and Drip Irrigation Systems,
Tractor-driven Disc Harrows, Tractor-driven Levelers,
Power-Driven Plant Protection Devices, Potato Diggers,
Power Tillers and Tractor-driven Rotavators Per 1000
Hectares of Land (includes corresponding Graph/Chart) III-111
Capacity Expansion Poses Challenge for Existing Players III-112
Tractor Manufacturers Keenly Eye Growth in Niche Power
Segments III-112
Table 95: Indian Tractor Sales by Horsepower (HP)
Categories (2010 and 2012): Percentage Share Breakdown of
Unit Sales for Tractors of Below 21 HP, 21 to 30 HP, 31 to
40 HP, 41 to 50 HP, and Above 50 HP (includes
corresponding Graph/Chart) III-113

Table 96: Penetration of Tractors among Indian Farmers by
Size of Land Holding (2012): Penetration Percentage for
Large Farmers, Medium Farmers and Small and Marginal Farmers
with Corresponding Land Holdings and Percentage Share of
Farmer Population (includes corresponding Graph/Chart) III-114
Product Introductions III-114
Strategic Corporate Developments III-118
Key Players III-120
B.Market Analytics III-123
Value Analytics III-123
Table 97: Indian Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-123

Table 98: Indian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-124
Volume Analytics III-125
Table 99: Indian Recent Past, Current and Future Analysis for
Farm Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-125

Table 100: Indian Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-126

5c. SOUTH KOREA III-127
A.Market Analysis III-127
Outlook III-127
B.Market Analytics III-127
Value Analytics III-127
Table 101: South Korean Recent Past, Current and Future
Analysis for Farm Tractors Market Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-127

Table 102: South Korean Historic Review for Farm Tractors
Market Analyzed with Annual Sales Figures in US$ Million
for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-128
Volume Analytics III-129
Table 103: South Korean Recent Past, Current and Future
Analysis for Farm Tractors Market Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through
2018 (includes corresponding Graph/Chart) III-129

Table 104: South Korean Historic Review for Farm Tractors
Market Analyzed with Annual Sales Figures in Thousand Units
for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-130

5d. REST OF ASIA-PACIFIC III-131
A.Market Analysis III-131
Outlook III-131
Focus on Select Regional Markets III-131
Philippines III-131
Government Programs Pushes Forward Agricultural Mechanization III-131
Table 105: PhilMech Target for Agricultural Mechanization
for 2012-2016 (includes corresponding Graph/Chart) III-132
Vietnam III-133
Uptake of Farming Equipment Rises Rapidly III-133
Table 106: Vietnamese Farm Tractor Utilization by Power
Segments (2012*): Percentage Breakdown of Tractors with
Horsepower of Below 12 HP, 12 to 35 HP, and Above 35 HP
(includes corresponding Graph/Chart) III-133

Table 107: Percentage Level of Mechanization in Various
Activities in Vietnamese Agricultural Sector (2012*)
(includes corresponding Graph/Chart) III-134
Chinese Imports Excel Vietnamese Farm Equipment Market III-134
Cambodia III-135
Agricultural Mechanization: Still a Long Way to Go III-135
Table 108: Percentage Breakdown of Contribution of
Agriculture, Industry and Service to Cambodian GDP (2011)
(includes corresponding Graph/Chart) III-135
Challenges for Agricultural Mechanization III-135
Growth Drivers for Agricultural Mechanization III-136
B.Market Analytics III-136
Value Analytics III-136
Table 109: Rest of Asia-Pacific Recent Past, Current and
Future Analysis for Farm Tractors Market Analyzed with
Annual Sales Figures in US$ Million for Years 2010 through
2018 (includes corresponding Graph/Chart) III-136

Table 110: Rest of Asia-Pacific Historic Review for Farm
Tractors Market Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes corresponding
Graph/Chart) III-137
Volume Analytics III-138
Table 111: Rest of Asia-Pacific Recent Past, Current and
Future Analysis for Farm Tractors Market Analyzed with
Annual Sales Figures in Thousand Units for Years 2010
through 2018 (includes corresponding Graph/Chart) III-138

Table 112: Rest of Asia-Pacific Historic Review for Farm
Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-139

6. MIDDLE EAST and AFRICA III-140
A.Market Analysis III-140
Outlook III-140
South Africa III-140
Overview of South African Farm Tractor Market III-140
Economic Recession and Volatile Currency Exchange Hamper
Imports III-141
Consumer Demand Levitates Towards High Power Tractors III-141
Strategic Corporate Development III-141
B.Market Analytics III-142
Value Analytics III-142
Table 113: Middle East and Africa Recent Past, Current and
Future Analysis for Farm Tractors Market Analyzed with
Annual Sales Figures in US$ Million for Years 2010 through
2018 (includes corresponding Graph/Chart) III-142

Table 114: Middle East and Africa Historic Review for Farm
Tractors Market Analyzed with Annual Sales Figures in US$
Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-143
Volume Analytics III-144
Table 115: Middle East and Africa Recent Past, Current and
Future Analysis for Farm Tractors Market Analyzed with
Annual Sales Figures in Thousand Units for Years 2010
through 2018 (includes corresponding Graph/Chart) III-144

Table 116: Middle East and Africa Historic Review for Farm
Tractors Market Analyzed with Annual Sales Figures in
Thousand Units for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-145

7. LATIN AMERICA III-146
A.Market Analysis III-146
Outlook III-146
B.Market Analytics III-147
Value Analytics III-147
Table 117: Latin America Recent Past, Current and Future
Analysis for Farm by Geographic Region - Brazil and Rest of
Latin America Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2010 through 2018
(includes corresponding Graph/Chart) III-147

Table 118: Latin America Historic Review for Farm Tractors
by Geographic Region - Brazil and Rest of Latin America
Markets Independently Analyzed with Annual Sales Figures in
US$ Million for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-148

Table 119: Latin America 15-Year Perspective for Farm
Tractors by Geographic Region - Percentage Breakdown of
Dollar Sales for Brazil and Rest of Latin America Markets
for Years 2004, 2012 and 2018 (includes corresponding
Graph/Chart) III-149
Volume Analytics III-150
Table 120: Latin America Recent Past, Current and Future
Analysis for Farm by Geographic Region - Brazil and Rest of
Latin America Markets Independently Analyzed with Annual
Sales Figures in Thousand Units for Years 2010 through 2018
(includes corresponding Graph/Chart) III-150

Table 121: Latin America Historic Review for Farm Tractors
by Geographic Region - Brazil and Rest of Latin America
Markets Independently Analyzed with Annual Sales Figures in
Thousand Units for Years 2004 through 2009 (includes
corresponding Graph/Chart) III-151

Table 122: Latin America 15-Year Perspective for Farm
Tractors by Geographic Region - Percentage Breakdown of
Unit Sales for Brazil and Rest of Latin America Markets for
Years 2004, 2012 and 2018 (includes corresponding
Graph/Chart) III-152

7a. BRAZIL III-153
A.Market Analysis III-153
Outlook III-153
Overview III-153
B.Market Analytics III-154
Value Analytics III-154
Table 123: Brazil Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in US$ Million for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-154

Table 124: Brazil Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in US$ Million for Years
2004 through 2009 (includes corresponding Graph/Chart) III-155
Volume Analytics III-156
Table 125: Brazil Recent Past, Current and Future Analysis
for Farm Tractors Market Analyzed with Annual Sales Figures
in Thousand Units for Years 2010 through 2018 (includes
corresponding Graph/Chart) III-156

Table 126: Brazil Historic Review for Farm Tractors Market
Analyzed with Annual Sales Figures in Thousand Units for
Years 2004 through 2009 (includes corresponding
Graph/Chart) III-157

7b. REST OF LATIN AMERICA III-158
A.Market Analysis III-158
Outlook

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