Description
Agriculture Equipment Market Analysis
Market Overview
Agriculture equipment implies a device, part of a device, or a connection to a device intended to be mainly utilized for a horticultural reason. The simple credit and endowment accessibility, particularly in the Asian market, help the market development. However, fluctuating atmospheric conditions and significant expenses of ranch equipment hamper the market development. By the by, rising interest in accuracy agriculture devices is assessed to arise as a worthwhile market for ranch equipment sellers working in both creating and creating economies.
The Worldwide Agriculture Equipment Market is projected to enlist a CAGR of 5.55% during the estimated time frame. The rising requirement for rural efficiency is the key element driving the development of the worldwide agriculture apparatus market. Also, simple credit and appropriations accessibility, particularly in the Asian market, supports market development. Be that as it may, fluctuating weather patterns and significant expenses of homestead apparatuses hamper the market development. By and by, rising interest in accuracy ranch hardware and instruments is assessed to arise as a rewarding market for agriculture device merchants working in both creating and creating economies.
Market Segmentation
Product Type divides the global agriculture equipment market into cultivation & soil separation equipment, harvesters, tractors, and others. The Function segment classifies the global market is into harvesting, planting & fertilizing, plowing & cultivation, haying, and others. Based on Sales Channel, the market is divided into aftermarket and OEM.
Regional Analysis
Asia-Pacific is one of the biggest markets for agrarian equipment, as numerous nations in the locale are profoundly subject to the farming area. The expanded interest in horticultural work vehicles in the area can be acknowledged to variables, for example, the developing reaping, seed planting, water system, and development exercises in ranch fields. Asia-Pacific is a bountiful wellspring of harvests and vegetables, low work costs, and positive government rules in nations like India, China, Japan, and South Korea. These nations likewise have areas of strength for agriculture; subsequently, the interest in horticultural equipment in the agriculture area is additionally expected to be high.
The rising interests in the horticultural business are supposed to drive the development of the farming equipment market in North America. The expansion in rural exercises across the locale is additionally expected to contribute altogether to the provincial market’s development during the forecast period. This is supposed to additional lift the interest in the agriculture trucks market in the US during the projected time frame. Also, Canada is perhaps of the biggest rural maker and exporters all around the world. According to Put resources into Canada, Canada is positioned as the seventh biggest food exporter universally.
Major Players
The key players profiled in the Global Agriculture Equipment Market are Deere & Company (US), AGCO Corporation (US), CNH Industrial N.V. (UK), Mahindra & Mahindra Ltd. (India), Kubota Corporation (Japan), ISEKI & Co., Ltd. (Japan), Daedong Industrial Co. (South Korea), JC Bamford Excavators Limited (UK), CLAAS KGaA mbH (Germany), and Escorts Limited (India).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
1.1 MARKET ATTRACTIVENESS ANALYSIS 17
1.1.1 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE 18
1.1.2 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY FUNCTION 19
1.1.3 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY SALES CHANNEL 20
1.1.4 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY REGION 21
2 MARKET INTRODUCTION 22
2.1 SCOPE OF THE STUDY 22
2.2 RESEARCH OBJECTIVE 22
2.3 MARKET STRUCTURE 22
2.4 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
3.1 RESEARCH PROCESS 24
3.2 PRIMARY RESEARCH 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 27
3.5 FORECAST MODEL 28
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET INSIGHTS 30
5 MARKET DYNAMICS 32
5.1 INTRODUCTION 32
5.2 DRIVERS 33
5.2.1 INCREASING NEED FOR AGRICULTURAL PRODUCTIVITY 33
5.2.2 EASY CREDIT AND SUBSIDIES AVAILABILITY IN ASIAN MARKETS 33
5.2.3 DRIVERS IMPACT ANALYSIS 34
5.3 RESTRAINT 34
5.3.1 FLUCTUATING WEATHER CONDITIONS & FARMING CALENDARS 34
5.3.2 HIGH COST ASSOCIATED WITH THE MACHINERY 36
5.3.3 RESTRAINT IMPACT ANALYSIS 36
5.4 OPPORTUNITIES 36
5.4.1 DEMAND FOR PRECISION AGRICULTURE EQUIPMENT 36
6 MARKET FACTOR ANALYSIS 37
6.1 SUPPLY CHAIN ANALYSIS 37
6.1.1 TYPE & DEVELOPMENT 38
6.1.2 RAW MATERIAL & COMPONENT SUPPLY 38
6.1.3 MANUFACTURE & ASSEMBLY 38
6.1.4 SALES & DISTRIBUTION 38
6.1.5 OPERATION 38
6.2 PORTER’S FIVE FORCES MODEL 39
6.2.1 THREAT OF NEW ENTRANTS 39
6.2.2 BARGAINING POWER OF SUPPLIERS 40
6.2.3 THREAT OF SUBSTITUTES 40
6.2.4 BARGAINING POWER OF BUYERS 40
6.2.5 INTENSITY OF RIVALRY 40
6.3 IMPACT OF ANALYSIS OF COVID-19 41
6.3.1 IMPACT ON PRODUCTION 41
6.3.2 IMPACT ON SUPPLY CHAIN 41
6.3.3 IMPACT ON RAW MATERIALS 42
6.3.4 CASH FLOW CONSTRAINTS 42
6.3.5 IMPACT ON PRICING 43
7 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY PRODUCT TYPE 44
7.1 OVERVIEW 44
7.2 TRACTOR 46
7.2.1 TRACTOR MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 46
7.3 HARVESTER 46
7.3.1 HARVESTER MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 46
7.4 CULTIVATION & SOIL SEPARATION EQUIPMENT 47
7.4.1 CULTIVATION & SOIL SEPARATION EQUIPMENT MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 47
7.5 OTHERS 48
7.5.1 OTHERS MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 48
8 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY FUNCTION 49
8.1 OVERVIEW 49
8.1.1 GLOBAL AGRICULTURE EQUIPMENT MARKET ESTIMATES & FORECAST BY FUNCTION, 2019 TO 2030 50
8.2 HARVESTING 50
8.2.1 HARVESTING: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 50
8.3 PLANTING & FERTILIZING 51
8.3.1 PLANTING & FERTILIZING MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 51
8.4 HAYING 52
8.4.1 HAYING MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 52
8.5 PLOWING & CULTIVATION 52
8.5.1 PLOWING & CULTIVATION MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 52
8.6 OTHERS 53
8.6.1 OTHERS MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 53
9 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY SALES CHANNEL 54
9.1 OVERVIEW 54
9.1.1 GLOBAL AGRICULTURE EQUIPMENT MARKET ESTIMATES & FORECAST BY SALES CHANNEL, 2019 TO 2030 55
9.2 OEM 55
9.2.1 OEM: MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 55
9.3 AFTERMARKET 56
9.3.1 AFTERMARKET MARKET ESTIMATES & FORECAST BY REGION,2019 TO 2030 56
10 GLOBAL AGRICULTURE EQUIPMENT MARKET, BY REGION 57
10.1 OVERVIEW 57
10.2 NORTH AMERICA 59
10.2.1 US 61
10.2.2 CANADA 62
10.2.3 MEXICO 63
10.3 EUROPE 64
10.3.1 GERMANY 66
10.3.2 FRANCE 67
10.3.3 UK 68
10.3.4 ITALY 69
10.3.5 REST OF EUROPE 70
10.4 ASIA-PACIFIC 71
10.4.1 CHINA 73
10.4.2 INDIA 74
10.4.3 JAPAN 75
10.4.4 REST OF ASIA-PACIFIC 76
10.5 REST OF WORLD 77
10.5.1 SOUTH AMERICA 79
10.5.2 MIDDLE EAST 80
10.5.3 REST OF SOUTH AFRICA 81
11 COMPETITIVE LANDSCAPE 82
11.1 INTRODUCTION 82
11.1.1 MARKET STRATEGY ANALYSIS 82
11.2 COMPETITIVE BENCHMARKING 83
11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 84
11.3.1 MERGER & ACQUISITION 84
11.3.2 PRODUCT DEVELOPMENT 84
11.3.3 EXPANSION 86
11.3.4 AGREEMENT 86
11.3.5 INVESTMENT 87
11.3.6 JOINT VENTURE 87
12 COMPANY PROFILES 88
12.1 AGCO CORPORATION 88
12.1.1 COMPANY OVERVIEW 88
12.1.2 FINANCIAL OVERVIEW 89
12.1.3 PRODUCTS OFFERED 90
12.1.4 KEY DEVELOPMENTS 93
12.1.5 SWOT ANALYSIS 93
12.1.6 KEY STRATEGIES 94
12.2 DEERE & COMPANY 95
12.2.1 COMPANY OVERVIEW 95
12.2.2 FINANCIAL OVERVIEW 96
12.2.3 PRODUCTS OFFERED 97
12.2.4 KEY DEVELOPMENTS 98
12.2.5 SWOT ANALYSIS 98
12.2.6 KEY STRATEGIES 98
12.3 CNH INDUSTRIAL N.V. 99
12.3.1 COMPANY OVERVIEW 99
12.3.2 FINANCIAL OVERVIEW 100
12.3.3 PRODUCTS OFFERED 101
12.3.4 KEY DEVELOPMENTS 102
12.3.5 SWOT ANALYSIS 103
12.3.6 KEY STRATEGIES 103
12.4 KUBOTA CORPORATION 104
12.4.1 COMPANY OVERVIEW 104
12.4.2 FINANCIAL OVERVIEW 105
12.4.3 PRODUCTS OFFERED 106
12.4.4 KEY DEVELOPMENTS 106
12.4.5 SWOT ANALYSIS 107
12.4.6 KEY STRATEGIES 107
12.5 MAHINDRA & MAHINDRA LTD. 108
12.5.1 COMPANY OVERVIEW 108
12.5.2 FINANCIAL OVERVIEW 109
12.5.3 PRODUCTS OFFERED 110
12.5.4 KEY DEVELOPMENTS 110
12.5.5 SWOT ANALYSIS 111
12.5.6 KEY STRATEGIES 111
12.6 ISEKI & CO., LTD. 112
12.6.1 COMPANY OVERVIEW 112
12.6.2 FINANCIAL OVERVIEW 112
12.6.3 PRODUCTS OFFERED 113
12.6.4 KEY DEVELOPMENTS 113
12.6.5 KEY STRATEGIES 113
12.7 JC BAMFORD EXCAVATORS LIMITED 114
12.7.1 COMPANY OVERVIEW 114
12.7.2 FINANCIAL OVERVIEW 114
12.7.3 PRODUCTS OFFERED 114
12.7.4 KEY DEVELOPMENTS 115
12.7.5 KEY STRATEGIES 115
12.8 DAEDONG INDUSTRIAL CO. 116
12.8.1 COMPANY OVERVIEW 116
12.8.2 FINANCIAL OVERVIEW 116
12.8.3 PRODUCTS OFFERED 117
12.8.4 KEY DEVELOPMENTS 118
12.8.5 KEY STRATEGIES 118
12.9 ESCORTS LIMITED 119
12.9.1 COMPANY OVERVIEW 119
12.9.2 FINANCIAL OVERVIEW 120
12.9.3 PRODUCTS OFFERED 121
12.9.4 KEY DEVELOPMENTS 122
12.9.5 KEY STRATEGIES 122
12.10 CLAAS KGAA MBH 123
12.10.1 COMPANY OVERVIEW 123
12.10.2 FINANCIAL OVERVIEW 124
12.10.3 PRODUCTS OFFERED 125
12.10.4 KEY DEVELOPMENTS 126
12.10.5 KEY STRATEGIES 126
13 APPENDIX 127
13.1 REFERENCES 127
13.2 RELATED REPORTS 127
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