- December 11, 2019
- Category: Agriculture and Livestocks, Other Industry Reports
Global Farm Equipment Market Size study, by Product (Tractors, Harvesters and Others), by Application (Harvesting & Threshing, Sowing & Planting and Others) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Farm Equipment Market, by Region, 2018-2027 (USD Billion) 1.2.2. Farm Equipment Market, by Product, 2018-2027 (USD Billion) 1.2.3. Farm Equipment Market, by Application, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Farm Equipment Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Farm Equipment Market Dynamics 3.1. Farm Equipment Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Farm Equipment Market: Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Farm Equipment Market, by Product 5.1. Market Snapshot 5.2. Global Farm Equipment Market by Product, Performance - Potential Analysis 5.3. Global Farm Equipment Market Estimates & Forecasts by Product 2017-2027 (USD Billion) 5.4. Farm Equipment Market, Sub Segment Analysis 5.4.1. Tractors 5.4.2. Harvesters 5.4.3. Others Chapter 6. Global Farm Equipment Market, by Application 6.1. Market Snapshot 6.2. Global Farm Equipment Market by Application, Performance - Potential Analysis 6.3. Global Farm Equipment Market Estimates & Forecasts by Application 2017-2027 (USD Billion) 6.4. Farm Equipment Market, Sub Segment Analysis 6.4.1. Harvesting & Threshing 6.4.2. Sowing & Planting 6.4.3. Others Chapter 7. Global Farm Equipment Market, Regional Analysis 7.1. Farm Equipment Market, Regional Market Snapshot 7.2. North America Farm Equipment Market 7.2.1. U.S. Farm Equipment Market 188.8.131.52. Product breakdown estimates & forecasts, 2017-2027 184.108.40.206. Application breakdown estimates & forecasts, 2017-2027 7.2.2. Canada Farm Equipment Market 7.3. Europe Farm Equipment Market Snapshot 7.3.1. U.K. Farm Equipment Market 7.3.2. Germany Farm Equipment Market 7.3.3. France Farm Equipment Market 7.3.4. Spain Farm Equipment Market 7.3.5. Italy Farm Equipment Market 7.3.6. Rest of Europe Farm Equipment Market 7.4. Asia-Pacific Farm Equipment Market Snapshot 7.4.1. China Farm Equipment Market 7.4.2. India Farm Equipment Market 7.4.3. Japan Farm Equipment Market 7.4.4. Australia Farm Equipment Market 7.4.5. South Korea Farm Equipment Market 7.4.6. Rest of Asia Pacific Farm Equipment Market 7.5. Latin America Farm Equipment Market Snapshot 7.5.1. Brazil Farm Equipment Market 7.5.2. Mexico Farm Equipment Market 7.6. Rest of The World Farm Equipment Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. John Deere 220.127.116.11. Key Information 18.104.22.168. Overview 22.214.171.124. Financial (Subject to Data Availability) 126.96.36.199. Product Summary 188.8.131.52. Recent Developments 8.2.2. CNH Industrial N.V. 8.2.3. Mahindra & Mahindra Limited 8.2.4. AGCO Corporation 8.2.5. Kubota Corporation 8.2.6. CLAAS KGAA 8.2.7. Iseki & Co., Ltd. 8.2.8. JCB 8.2.9. SDF Group 8.2.10. Yanmar Co., Ltd. Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global Farm Equipment Market is valued approximately at USD 103.3 billion in 2019 and is anticipated to grow with a growth rate of more than 3.9% over the forecast period 2020-2027. Farm equipment are the equipment used at several stages of agriculture such as planting, sowing, land development, cultivation, harvesting, and threshing. Farm equipment includes tools such as hand trowel to fertilizers, fertilizer spreader, harrow, seeder, plow, and high-end engineered tractors. The use of automatic and semiautomatic equipment reduces the costs incurred on manpower in farm. The government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental operations, contract farming and increase in farm mechanization are the few factors responsible for growth of the market over the forecast period. Further rising government initiatives for agricultural growth and increasing advancements in agriculture sector are the driving factor responsible for the growth of the market over the forecast period. According to Department of Agriculture, Cooperation & Farmers Welfare, in 2018, Indian Government initiated Micro Irrigation Fund created with National Bank for Agriculture and Rural Development (NABARD) with an initial corpus of Rs. 5000 crore or USD 66.67 million (Rs. 2000 crore for 2018-19 & Rs. 3000 crores for 2019-20) for encouraging public and private investments in Micro irrigation. Also, Pradhan Mantri Samman Nidhi Yojana was introduced, goal of providing a minimum fixed pension of Rs 3000 (US$ 42.92) to the eligible small and marginal farmers, subject to certain exclusion clauses, on attaining the age of 60 years, under the Union Budget 2019-20. U.S. Department of Agriculture (USDA) provides direct and guaranteed farm ownership and operating loans to family-size farmers and ranchers, who are unable to obtain commercial credit from a bank, Farm Credit System institution, or other lender. Thus, government initiatives for agricultural growth will create a lucrative demand for the market. However, the growth of the rental market and high cost of equipment in emerging economies is the major factor restraining the growth of global Farm Equipment market during the forecast period.
The regional analysis of global Farm Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the the fast adoption of new technology, growing demand for high-powered tractors, growing horticulture industry and financial incentives by the government.
Major market player included in this report are:
CNH Industrial N.V.
Mahindra & Mahindra Limited
Iseki & Co., Ltd.
Yanmar Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Harvesting & Threshing
Sowing & Planting
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Farm Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers