Agricultural Machinery Market - Forecast(2019 - 2024)

Report Code: AIR 0252 Report Format: PDF + Excel (Delivery in 48 Hrs)
Agricultural Machinery Market Overview: 

As per the Food and Agriculture Organization of the United Nations, global population will mark an astonishing 9.1 billion figure by 2050 witnessing a surge of 34% and to feed these 9 billion mouths global agricultural expenses in developing countries would amount to $83 billion per annum[1]. To counterpart such unprecedented food production demand coupled with depleting arable land, efficient and mechanized agriculture are the main objectives and agricultural machineries are the tool to meet the objectives. The global agricultural machinery market size ranges from $170 billion to $175 billion as of 2018, and is forecast to grow at a CAGR of around 6% going through 2025. 

An acute regional analysis of this arcade indicates APAC region to have a major share ranging from 40% to 45% as of 2018. Such dominance can be mainly attributed to the monumental Indian and Chinese population indulged in agriculture and industrialization as well. FICCI (Federation of Indian Chambers of Commerce & Industry) stated that Indian agriculture sector contributes approximately 14% to India’s GDP.

Agricultural Machinery Market Outlook:

Agricultural machineries cover a wide range of equipment employed at various stages of agriculture. The range varies from simplest tools such as hand trowel to threshing machines, slurry trailer and high-end engineered tractors. Irrigation machinery leads the application segment covering nearly 10% of the entire global agricultural machinery marketplace owing to harsh topography and weather conditions prevailing in majority of developing countries constituting a major chunk of global population. A classic example can be derived from a World Bank data which states that the Peru Sierra Irrigation Subsector Project made a substantial impact in increasing agricultural production and productivity ranging between 118 percent and 170 percent in targeted areas of the Peruvian Sierra[2]

Agricultural Machinery Market Growth Drivers:

  • As per the agricultural machinery market outlook foreseen via acute analysis by a recent IndustryARC business intelligence report, the agricultural machinery market is not solely dependent on the agricultural industry. Some of the other factors indirectly but positively influencing the market are agriculture finance and agriculture insurance initiated by The World Bank to aid the financially fragile agriculture production sector participants. The World Bank Group is a leading financier of agriculture, with $ 6.8 billion in new IBRD/IDA commitments in 2018[3]
  • Other prominent factors equipped with tendency to support the agriculture machinery market for exponential growth are rise in research and development by various economies sponsored by various organizations such as The World Bank Group, rise in disposable income of the urban population creating demand for higher quality and organic agricultural products, and reduction in global farmland, which require advanced agricultural machinery to meet copious loads of vigorous production.

Agricultural Machinery Market Challenges:

Two of the major challenges surfacing this flourishing and imperative domain are financial aspects such as capital and rate of interest and unskilled agronomic man force. But it is also to be noted that the financial aspects are being slowly countered by various organizations and bodies providing low-interest loans, zero to low-interest credits, and grants to developing countries for agricultural operations. To skill the agronomic man force for utility of agricultural equipment which will automatically consequence in efficient production, various countries have come up with machineries institutes and e-farming portals. A sheer example from the often recalled as land of agriculture, India, is the Central Farm Machinery Training & Testing Institute, Budni (M.P.).



Agricultural Machinery Market Key Players Perspective:

Some of the key players mentioned in the report are AGCO, John Deere, CLAAS, Massey Ferguson, Argo Group, Mahindra and Mahindra, Hunter Industries, Toro Corp., Jain Irrigation, Bucher Industries, CNH Industrial, Kvernerland Group, SDF Group, Kubota, Lindsay Corp.

John Deere, an American giant commemorated the production of its 5,000th Forestry Swing Machine, a 2656G Log Loader in January 2019. The company was among the first to introduce electric drive technology in off-highway equipment and their 644K and 944K Hybrid Wheel Loaders have collectively logged more than 1 million operating hours in the field.

Agricultural Machinery Market Trends:

AGCO, which comprises Massey Ferguson, Fendt, Valtra and other farm machinery brand-names, accounted for revenues approaching $10 billion in 2018. AGCO merging with Fendt has embarked upon several milestones. A recent example is towed plant protection sprayer, Fendt Rogator 300, and the self-driving Fendt Rogator 600 marking their sale of 100 units. AGCO Corporation received seven AE50 Awards from the American Society of Agricultural and Biological Engineers (ASABE) in 2019 and AGCO/Fendt wins the AE50 Award in US for best new Fendt IDEAL large combine.

Agricultural Machinery Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the agricultural machinery market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of machineries in the agricultural machinery market, and their specific applications in different types of regions.

Agricultural Machinery Market Report: Industry Coverage

Types of Machineries in Agricultural Machinery:

By Automation- Fully-automatic, Semi-automatic and Manual.

By Machinery Type- Tractor, Soil Cultivation, Planting, Irrigation, Fertilization, Harvesting, Hay Making, Loader and Agriculture Robots.

By Material Type- Structured steel, Alloyed Steel, Cast Materials, Light Alloy, Wearing Materials, Structured Material, Aluminum, Iron and Glass.

The Agricultural Machinery market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Reference:

[1]http://www.fao.org/fileadmin/templates/wsfs/docs/expert_paper/How_to_Feed_the_World_in_2050.pdf
[2]https://www.worldbank.org/en/results/2017/10/30/better-crops-with-better-irrigation-boosting-agricultural-performance-in-the-peruvian-sierra
[3]https://www.worldbank.org/en/topic/agriculture/overview
1. Agricultural Machinery Market - Overview
1.1. Definitions and Scope
2. Agricultural Machinery Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Agricultural Machinery Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Agricultural Machinery Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Agricultural Machinery Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Agricultural Machinery Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Agricultural Machinery Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Agricultural Machinery Market – By automation (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. Fully-automatic
8.3.2. Semi-automatic
8.3.3. Manual
9. Agricultural Machinery Market – By Type of material (Market Size -$Million / $Billion)
9.1. Structured steel
9.2. Alloyed steel
9.3. Cast materials
9.4. Light alloy
9.5. Wearing materials
9.6. Synthetic materials
9.7. Aluminum
9.8. Iron
9.9. Glass
9.10. Others
10. Agricultural Machinery Market – By Type (Market Size -$Million / $Billion)
10.1. Tractor
10.1.1. Utility tractor
10.1.2. Row crop tractor
10.1.3. Orchard tractor
10.2. Planting
10.2.1. Seed drill
10.3. Soil cultivation
10.3.1. Cultivator
10.3.2. Cultipacker
10.3.3. Chisel plow
10.3.4. Rotator
10.3.5. Subsoiler
10.3.6. Plough
10.3.7. Roller
10.3.8. Stone picker
10.3.9. Others
10.4. Irrigation
10.4.1. Drip irrigation
10.4.2. Central pivot irrigation
10.4.3. Sprinkler system
10.4.4. Hydroponics
10.5. Fertilization
10.5.1. Fertilize drill
10.5.2. Fertilizer spreader
10.5.2.1. Liquid manure spreader
10.5.2.2. Dry manure spreader
10.5.3. Sprayer
10.5.4. Biomass plant
10.5.5. Others
10.6. Harvesting
10.6.1. Grain cart
10.6.2. Conveyor belt
10.6.3. Cotton picker
10.6.4. Farm truck
10.6.5. Grain dryer
10.6.6. Haulm topper
10.6.7. Mower
10.6.8. Rake
10.6.9. Others
10.7. Hay making
10.7.1. Bale lifter
10.7.2. Bale wrapper
10.7.3. Baler
10.7.4. Hay rake
10.7.5. Hay tedder
10.7.6. Hay Fork
10.7.7. Others
10.8. Loader
10.8.1. Backhoe loader
10.8.2. Skid steer loader
10.8.3. Others
10.9. Agricultural robots
10.10. Others
11. Agricultural Machinery - By Geography (Market Size -$Million / $Billion)
11.1. Agricultural Machinery Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis 
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size
11.2.5.1. U.S.
11.2.5.2. Canada 
11.2.5.3. Mexico 
11.2.5.4. Rest of North America
11.3. Agricultural Machinery - South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis 
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size
11.4.5.1. Brazil  
11.4.5.2. Venezuela
11.4.5.3. Argentina
11.4.5.4. Ecuador
11.4.5.5. Peru
11.4.5.6. Colombia 
11.4.5.7. Costa Rica
11.4.5.8. Rest of South America
11.5. Agricultural Machinery - Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis 
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product type and Application Market Size
11.6.5.1. U.K  
11.6.5.2. Germany 
11.6.5.3. Italy 
11.6.5.4. France
11.6.5.5. Netherlands
11.6.5.6. Belgium
11.6.5.7. Spain
11.6.5.8. Denmark
11.6.5.9. Rest of Europe
11.7. Agricultural Machinery – APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis 
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment – Product type and Application Market Size
11.8.5.1. China 
11.8.5.2. Australia
11.8.5.3. Japan 
11.8.5.4. South Korea
11.8.5.5. India
11.8.5.6. Taiwan
11.8.5.7. Malaysia
12. Agricultural Machinery Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships
13. Agricultural Machinery Market – Industry / Segment Competition landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Country- Top companies
13.1.2. Market Share by Region- Top 10 companies
13.1.3. Market Share by type of Application – Top 10 companies
13.1.4. Market Share by type of Product / Product category- Top 10 companies
13.1.5. Market Share at global level- Top 10 companies
13.1.6. Best Practises for companies
14. Agricultural Machinery Market – Key Company List by Country Premium
15. Agricultural Machinery Market Company Analysis
15.1. Market Share, Company Revenue, Products, M&A, Developments
15.2. Deere &co.
15.3. Kubota corp.
15.4. CNH Industrial NV
15.5. AGCO
15.6. CLAAS
15.7. Mahindra tractors
15.8. SDF
15.9. Manitou Group
15.10. Alamo Group
15.11. MTZ
15.12. company 11
15.13. company 12
15.14. company 13 and more
"*Financials would be provided on a best efforts basis for private companies"
16. Agricultural Machinery Market -Appendix
16.1. Abbreviations
16.2. Sources
17. Agricultural Machinery Market -Methodology Premium
17.1. Research Methodology
17.1.1. Company Expert Interviews
17.1.2. Industry Databases
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trends