1. Market Research
  2. > Agriculture
  3. > Agricultural Input
  4. > Agricultural Machinery Market Trends
Farm Tractor Market by, Drive Type, Combines Market, Implements Market - Forecast to 2022

Farm Tractor Market: Forecast until 2022

  • June 2017
  • 193 pages
  • ID: 4960851
In this report:
According to the Food and Agriculture Organization (FAO) of the United Nations, global rice production was ##.## million tons in 2016-2017 and it is estimated to grow by ##.##%, reaching ## million tons in 2017-2018.
In an optimistic scenario, the volume of autonomous tractors is expected to grow from ##,##.## units in 2020, at a CAGR of ##.##% between 2020 and 2027, reaching ##,##.## units by 2027.

Summary

Table of Contents

Search Inside

The raised demand for food products, farm efficiency, and yield at minimal cost are anticipated to fuel the industry demand for the agricultural equipment market

The Farm Tractors Market is projected to extend a market size of USD 65.57 Billion by 2022, at a compound annual growth rate of ~5.2 percent during the forecast period & Agricultural Equipment Market is expected to rise at a compound annual growth rate (CAGR) of 5.31% during the forecast horizon, to attain a market size of ~$139.4B by 2022. Increasing overall population, rised mechanization owing to shortage of skilled labor and growing labor wages, and rising government supports/subsidies and other financial aids are the top drivers for the agricultural equipment market. On the other hand, the high cost of machinery, increasing presence of unorganized actors for small equipment, and growing demand for used or rental equipment are some of the main restraints that could influence the increase of this market.

Four-wheel drive farm tractors market is expected to grow at the quickest rate during the upcoming five years

The four-wheel drive farm tractors segment is attesting significant increase in the farm tractors market.The main driving factors for this industry segment are the increased use of high powered farm tractors in regions including Europe owing to considerably big agricultural land and changing farmers' investment capabilities.

The all-wheel drive farm tractors offer better traction, power, maneuverability, and performance as distinguished to two-wheel drive farm tractors.On top of, as four-wheel drive farm tractors have better pulling capacity than conventional two-wheel drive farm tractors, they are the better option for pulling larger load implements.

With the growth in mechanization and use of implements in the agriculture sector, the sector demand for four-wheel drive farm tractors is forecasted to grow in the upcoming future. According to Agrievolution report published in 2015, out of the total tractor sales in Germany (DE), every fifth tractor is a high power tractor.

Combines market for wheat crop is projected to have the largest part of market share

With more significant production and consumption of wheat in the worldwide market, the combines market for wheat is projected to have the biggest market share during the outlook period.As per the statistics of the United States Department of Agriculture, the overall wheat crop production recorded for approximately 30.0 percent of all types of grains during 2016-2017.

Such high demand for wheat at the overall level would require these combines to expedite the whole process. Therefore, the market demand for wheat is forecasted to dominate the industry in the next years, which would further propel the rise of the combines market for the wheat crop.

Oceania/Asia: Largest and quickest-increasing market between 2017 and 2022

The Asia-Oceania market is expected to dominate the overall market for agricultural equipment and is expected to grow at the more important Compound annual growth rate of ~6.0 percent during the forecast period. The increase of the Asia-Oceania market can be accredited to increasing population, noticeable government initiatives at the country level, and shift toward modern agricultural practices to meet the industry demand for food. According to the United Nations Department of Economic and Social Affairs report, China (CN) and India (IN) helped 19.0 percent and 18.0 percent to the overall population, respectively while global Asia accounted for around 59.0 percent of the overall population in 2015. As per UNDESA, India (IN) is anticipated to surpass China (CN) and will become the biggest country by 2022. On top of, considering the small hectare of agricultural land per farmer, the farmers are under immense pressure to cope with the raised demand for food. There is a substantial need to improve the productivity of available land that has resulted in the quick increase of mechanization level. All these factors are forecast to steer the market of agriculture equipment in this area.

Key players' distribution profiles:

The market research includes business insights specified by different market experts, ranging from component suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category: OEM - 73.0 percent, Tier-1-27 %

• By Description: C-suite - 57.0 percent, D-suite - 34.0 percent, Others - 9.0 percent

• By Area: North America continent - 42.0 percent, Europe (EU) - 33.0 percent, and Oceania/Asia - 25.0 percent

The market research offers exhaustive profiles of the following firms:

• Deere & Organization

• Bucher Sectors

• Alamo Group, Incorporated

• Tractors and Farm Equipment Limited

Segment Research

• The primary objective of the study is to define, describe, and forecast the agriculture equipment market established on farm tractors by power output (<30 hp, 31-100 hp, 101-200 hp and >200 hp), drive type (two-wheel drive and four-wheel drive), autonomous tractors, optimistic, and pessimistic), combines by application (corn, rice, soybean, wheat, and others), implements by function (harvesting, haying, planting & fertilizing, plowing & cultivating, spraying, and others), and area.

• The report examines the alternatives provided by different segments of the market to stakeholders.

• The report examines the regional sectors for increase trends, prospects, and their contribution to the global market.

• The report also tracks and analyzes competitive developments including new product launches, business developments, joint ventures (JV), acquisitions, and other industry activities carried out by top industry participants.

• The report also tracks and analyzes the vendor DIVE (Dynamic, Innovator, Vanguard, & Emerging) matrix for top players in the agricultural equipment market.

Reasons for buying the report:

• The report contains An in-depth study of the agriculture equipment market established on farm tractors, combines, and implements and the advanced technologies including autonomous tractors.

• The study offers qualitative and quantitative analysis of each segment, which is represented in terms of quantity and value.

• The top fifteen firms that have a significant impact in the sector are profiled along with their financial structure, recent evolutions, and product portfolio.

• The report includes the competitive landscape and Dive review, which reflects the market ranking of the leading actors together with the dominant strategy approved by these stakeholders to retain their leading position.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ 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.
Veronica 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

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Machinery in the United States

United States: Machinery Industry Report

  • $ 350
  • Industry report
  • May 2018
  • by MarketLine

Machinery in the United StatesSummaryMachinery in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17, and forecast ...

Robotic Agriculture: Tractors with Self Driving Features, Market Shares, Market Strategies, and Market Forecasts, 2018 to 2024

Robotic Agriculture: Tractors with Self Driving Features, Market Shares, Market Strategies, and Market Forecasts, 2018 to 2024

  • $ 4300
  • Industry report
  • May 2018
  • by WinterGreen Research

WinterGreen Research announces that it has published a new study Agricultural Tractor Robots: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024. The 2018 study has 210 pages, 110 tables and ...

Global Off-Highway Vehicle Engine Market

Global Off-Highway Vehicle Engine Market

  • $ 4250
  • Industry report
  • July 2018
  • by Mordor Intelligence LLP

The market is poised to grow at a CAGR of 6.27% during the forecast period. The construction industry, barring a few regions, is making a strong comeback to the global scenario. Even South America, the ...


ref:plp2017

Reportlinker.com © Copyright 2018. All rights reserved.

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

Make sure you don’t miss any news and follow us on