World Agricultural Equipment
Global demand to rise 3.7% annually through 2012
World demand for agricultural machinery and equipment is forecast to increase 3.7 percent annually through 2012 to $111 billion. Gains will be paced by the accelerating mechanization of the agriculture sectors in currently large agricultural equipment markets such as China and India whose farm sectors are nevertheless still significantly unmechanized and inefficient in comparison to those found in more developed markets. Moreover, rapidly rising global staple food crop prices and shortages in 2007 and early 2008 indicate a growing necessity to increase farm productivity and effi- ciency in developing countries. To some extent, gains could be hindered if energy prices remain at their current high levels through the forecast period and negatively impact global economic growth.
Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery.
- INTRODUCTION
- I. EXECUTIVE SUMMARY
- II. MARKET ENVIRONMENT
- General
- Global Macroeconomic Environment
- Recent Historical Trends
- Macroeconomic Outlook
- World Demographic Overview
- Population
- Nonurban Population
- World Agricultural Outlook
- World Arable Land
- Labor Force Productivity in Agriculture
- Relationship between Agricultural Output & Agricultural
- Equipment Demand
- Agricultural Equipment Pricing Patterns
- Agricultural Equipment Technology
- III. SUPPLY & DEMAND
- General
- World Agricultural Equipment Demand by Region
- World Agricultural Equipment Demand by Type
- Farm Tractors
- Harvesting Machinery
- Planting & Fertilizing Machinery
- Haying Machinery
- Plowing & Cultivating Machinery
- Other Agricultural Equipment
- Parts & Attachments
- World Agricultural Equipment Production
- International Trade Flows
- IV. NORTH AMERICA
- General
- United States
- Canada
- Mexico
- V. WESTERN EUROPE
- General
- Austria
- Denmark
- France
- Germany
- Italy
- The Netherlands
- Spain
- United Kingdom
- Other Western Europe
- VI. ASIA/PACIFIC
- General
- Australia
- China
- India
- Indonesia
- Japan
- South Korea
- Thailand
- Other Asia/Pacific
- VII. OTHER REGIONS
- Latin America
- Argentina
- Brazil
- Other Latin America
- Eastern Europe
- Poland
- Russia
- Ukraine
- Other Eastern Europe
- Africa/Mideast
- Iran
- South Africa
- Turkey
- Other Africa/Mideast
- VIII. INDUSTRY STRUCTURE
- General
- Industry Composition & Market Share
- Product Development & Manufacturing
- Marketing & Distribution
- Financial Requirements
- Mergers, Acquisitions & Industry Restructuring
- Company Profiles
- AGCO Corporation
- Agricola Fortaleza Limitada, see AGCO Corporation
- Alamo Group Incorporated
- Al Ghazi Tractors Limited, see Fiat SpA
- ARGO SpA
- Berthoud Agricole SAS, see Groupe Exel Industries
- Bomford Turner Limited, see Alamo Group Incorporated
- Bucher Industries AG
- Caruelle-Nicolas SAS, see Groupe Exel Industries
- Caterpillar Incorporated
- CLAAS KGaA mbH
- CNH Global NV, see Fiat SpA
- Consolidated Diesel Company, see Fiat SpA
- Constructions Mecaniques Champenoises, see Groupe Exel Industries
- Daedong Industrial Company Limited
- Deere & Company
- Escorts Limited
- Farmtrac North America LLC, see Escorts Limited
- Fiat SpA
- Gehl Company
- Groupe Exel Industries
- Hardi International AS, see Groupe Exel Industries
- Herschel Corporation, see Alamo Group Incorporated
- Iseki & Company Limited
- Kanzaki Kokyukoki Manufacturing Company Limited, see Yanmar Company Limited
- Kubota Corporation
- Kuhn SA, see Bucher Industries AG
- Kukje Machinery Company Limited
- Kverneland ASA
- Laverda SpA, see AGCO Corporation and ARGO SpA
- M&W Gear, see Alamo Group Incorporated
- Mahindra & Mahindra Limited
- Matrot Equipements SAS, see Groupe Exel Industries
- McConnel Limited, see Alamo Group Incorporated
- Mitsubishi Heavy Industries Limited
- Moreau Group, see Groupe Exel Industries
- Netafim Limited
- New Holland HFT Japan Incorporated, see Fiat SpA
- New Holland Trakmak Traktor ve Ziraat Makineleri AS, see Fiat SpA
- Preciculture SAS, see Groupe Exel Industries
- Production Association Minsk Tractor Works
- Punjab Tractors Limited, see Mahindra & Mahindra
- Rhino, see Alamo Group Incorporated
- Rousseau, see Alamo Group Incorporated
- Same Deutz-Fahr SpA
- Schulte Industries Limited, see Alamo Group
- Shanghai New Holland Agricultural Machinery Corporation Limited, see Fiat SpA
- Siam Kubota Company Limited, see Kubota Corporation
- Seirei Industry Company Limited, see Yanmar Company
- Sisu Diesel Incorporated, see AGCO Corporation
- Spearhead Machinery Limited, see Alamo Group
- Tecnoma Technologies SAS, see Groupe Exel Industries
- Tong Yang Moolsan Company Limited
- Tractors and Farm Equipment Limited
- Turk Traktor ve Ziraat Makineleri AS, see Fiat SpA
- Twose of Tiverton Limited, see Alamo Group
- Yanmar Company Limited
- Zaklady Sprzetu Mechanicznego Ursus sp zoo
- ZETOR as
- LIST OF TABLES
- SECTION I -- EXECUTIVE SUMMARY
- Summary Table
- SECTION II -- MARKET ENVIRONMENT
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Nonurban Population by Region
- 4 World Agricultural Value Added by Region
- 5 World Arable Land by Country
- 6 Labor Force Productivity in Agriculture for
- Selected Countries, 2007
- SECTION III -- SUPPLY & DEMAND
- 1 World Agricultural Equipment Demand by Region
- 2 World Agricultural Equipment Demand by Type
- 3 World Tractor Demand by Region
- 4 World Harvesting Machinery Demand by Region
- 5 World Planting & Fertilizing Machinery Demand by Region
- 6 World Haying Machinery Demand by Region
- 7 World Plowing & Cultivating Machinery Demand by Region
- 8 World Other Agricultural Equipment Demand by Region
- 9 World Parts & Attachments Demand by Region
- 10 World Agricultural Equipment Shipments by Region
- 11 World Agricultural Equipment Net Exports by Region
- SECTION IV -- NORTH AMERICA
- 1 North America -- Agricultural Equipment Supply & Demand
- 2 United States -- Agricultural Equipment Supply & Demand
- 3 Canada -- Agricultural Equipment Supply & Demand
- 4 Mexico -- Agricultural Equipment Supply & Demand
- SECTION V -- WESTERN EUROPE
- 1 Western Europe -- Agricultural Equipment Supply & Demand
- 2 Austria -- Agricultural Equipment Supply & Demand
- 3 Denmark -- Agricultural Equipment Supply & Demand
- 4 France -- Agricultural Equipment Supply & Demand
- 5 Germany -- Agricultural Equipment Supply & Demand
- 6 Italy -- Agricultural Equipment Supply & Demand
- 7 The Netherlands -- Agricultural Equipment Supply & Demand
- 8 Spain -- Agricultural Equipment Supply & Demand
- 9 United Kingdom -- Agricultural Equipment Supply & Demand
- 10 Other Western Europe -- Agricultural Equipment Supply & Demand
- SECTION VI -- ASIA/PACIFIC
- 1 Asia/Pacific -- Agricultural Equipment Supply & Demand
- 2 Australia -- Agricultural Equipment Supply & Demand
- 3 China -- Agricultural Equipment Supply & Demand
- 4 India -- Agricultural Equipment Supply & Demand
- 5 Indonesia -- Agricultural Equipment Supply & Demand
- 6 Japan -- Agricultural Equipment Supply & Demand
- 7 South Korea -- Agricultural Equipment Supply & Demand
- 8 Thailand -- Agricultural Equipment Supply & Demand
- 9 Other Asia/Pacific -- Agricultural Equipment Supply & Demand
- SECTION VII -- OTHER REGIONS
- 1 Latin America -- Agricultural Equipment Supply & Demand
- 2 Argentina -- Agricultural Equipment Supply & Demand
- 3 Brazil -- Agricultural Equipment Supply & Demand
- 4 Other Latin America -- Agricultural Equipment
- Supply & Demand
- 5 Eastern Europe -- Agricultural Equipment Supply & Demand
- 6 Poland -- Agricultural Equipment Supply & Demand
- 7 Russia -- Agricultural Equipment Supply & Demand
- 8 Ukraine -- Agricultural Equipment Supply & Demand
- 9 Other Eastern Europe -- Agricultural Equipment Supply & Demand
- 10 Africa/Mideast -- Agricultural Equipment Supply & Demand
- 11 Iran -- Agricultural Equipment Supply & Demand
- 12 South Africa -- Agricultural Equipment Supply & Demand
- 13 Turkey -- Agricultural Equipment Supply & Demand
- 14 Other Africa/Mideast -- Agricultural Equipment Supply & Demand
- SECTION VIII -- INDUSTRY STRUCTURE
- 1 Selected Agricultural Equipment Manufacturers -- Revenue Data, 2007
- 2 Selected Cooperative Agreements
- 3 Selected Acquisitions & Divestitures
- LIST OF CHARTS
- SECTION II -- MARKET ENVIRONMENT
- 1 World Agricultural Equipment/Agricultural Output Relationship, 2007
- SECTION III -- SUPPLY & DEMAND
- 1 World Agricultural Equipment Demand by Region, 2007
- 2 World Four-Wheel Tractor Demand by Country, 2007
- SECTION VIII -- INDUSTRY STRUCTURE
- 1 World Agricultural Equipment Market Share by Company, 2007
More DetailsChina, India hold best growth prospects in developing areasStrongest growth in agricultural equipment demand will be registered in developing countries, with China and India holding by far the best prospects. Other large developing nations with sizable agricultural sectors, such as Brazil and Russia, will also post healthy gains as a result of increasing mechanization of their agricultural sectors. Besides benefitting from rising incomes, farmers in these regions will continue to strive to increase productivity through further automation and replacement of older equipment. Increasingly, draft animals such as horses and oxen used during various stages of the farming process will be replaced by agricultural equipment. In addition, rising wages in many of these countries as well as large scale migration to urban areas will necessitate the replacement of human capital with fixed capital such as farm machinery.
Gains in developed regions to lag world averageThe US will experience gains that will lag the world average due to decelerating growth in economic and agricultural sector output in the country through 2012. Western Europe will post particularly anemic growth through 2012, with gains arising from a strong 2007 when demand (in dollars) was bolstered by a strong Euro. Farmers in both the US and Western Europe will be adversely impacted by continuing trends in favor of free trade and against protectionist measures such as subsidies for domestic farmers and tariffs on agricultural product imports. Throughout the industrialized world, virtually all demand will be replacement oriented in nature, as the farming sectors of most countries are not growing in terms of number of farms, acreage harvested and similar physical variables. Given the widespread diversity and often interrelation of applications, growth prospects for specific types of farm machinery do not vary substantially when viewed at the global level.
Study coverageThis new Freedonia industry study, World Agricultural Equipment, is available for $5600. It presents historical data (1997, 2002, 2007) plus forecasts (2012, 2017) for supply and demand by type in six regions and 26 countries worldwide. The study also considers market environment factors, evaluates company market shares and profiles 25 global competitors.
