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

Global Farm Equipment Market Report: 2015 Edition

  • September 2015
  • 65 pages
  • Koncept Analytics
Report ID: 1862659

Summary

Table of Contents

Search Inside

Farm equipment is any kind of machinery used to help in farming. The best-known example of this kind is the tractor. They cover a broad range of machines and tools which help the farmers to carry out the various processes required to enhance the output as well as the quality of crops. Based on their characteristics, agricultural equipment can be divided into two types: farmstead equipment and field equipment.

Engineering inputs to agriculture by way of mechanization has increased considerably during the recent years so as to meet the timeliness of farm operations, reducing drudgery, capacity enhancement and efficient utilization of inputs. With the implementation of agricultural support policies, growth in farmer’s income and the changes in agricultural production methods, global farm equipment industry is scaling new heights and promises healthy development in coming years.

Europe is the unprecedented leader in farm equipment market. While 2014 marked the fall in share of European markets, Asian Pacific presents a huge market opportunity for this industry on the back of ameliorated economic conditions and better funds for investment in R&D of agriculture machinery. India and China constitute the largest markets for agricultural equipment in terms of unit sales, although typical equipment tends to be in the form of smaller horsepower, low-technology tractors with relatively low unit prices. These emerging economies have incessantly increased their production volumes and will continue to be the major drivers of the industry.

Growth in the global market for agricultural equipment is dependent on varied factors including economic scenario, weather and demand. Population growth is expected to fuel demand for agriculture produce, which in turn would lead to increase in demand for farm equipment. Increase in arable land to fulfill the growing needs of urban and rural population is another factor encouraging the growth of the industry. Further, governments in these countries are increasingly placing greater emphasis on enhancing productivity through automation or mechanizing traditional processes, extending easy credits and subsidies on investments to promote growth of the industry. However, these factors are dominated by presence of already existing machinery and inventory with the supplier, thereby reducing the demand for new farm equipments in 2014.

The report ”Global Farm Equipment Market” analyzes the development of the agricultural machinery industry and studies the global market along with major regional markets`- US, Canada, Brazil, Germany, United Kingdom, Turkey, China and India. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry, John Deere, AGCO Corporation, and CNH Global NV Inc. are being profiled, along with their key financials and strategies for growth.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Farm Tractor Market by, Drive Type, Combines Market, Implements Market - Forecast to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

The increased demand for food products, farm efficiency, and yield at minimal cost are expected to fuel the demand for the agricultural equipment market” The Farm Tractors Market is projected to reach ...

Agriculture And Farm Equipment/Machinery Market Analysis By Product (Tractors, Harvesters, Planting Equipment), By Application (Land Development, Sowing & Planting, Weed Cultivation, Plant Protection), And Segment Forecasts, 2014 - 2025

  • $ 4950
  • Industry report
  • April 2017
  • by Grand View Research

The global agriculture equipment/machinery market is expected to reach USD 243.4 billion by 2025, according to a new report by Grand View Research, Inc. The rising population has escalated the demand ...

Global Agricultural Tractor Market

  • $ 4250
  • Industry report
  • July 2017
  • by Mordor Intelligence LLP

The global agricultural tractors market is expected to grow at a CAGR of 6.32%. Tractors are extensively used for drawing, towing or pulling objects in the agricultural field that are extremely hard to ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

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