Global Farm (Agricultural) Equipment Market: Industry Analysis & Outlook ( )

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1 Industry Research by Koncept Analytics Global Farm (Agricultural) Equipment Market: Industry Analysis & Outlook ( ) January

2 Executive Summary Agricultural or farm equipment cover a broad range of machines and tools which help the farmers to carry out 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. The farmstead equipment are the ones which are generally used in a stationary manner, for example the grain augers and cotton gins. The category of farm field equipment includes mobile or portable instruments, for example tractors, attachments and others. On the basis of the operations performed, agricultural equipment can be classified into seven categories; farm tractors, primary tillage machine, secondary tillage machine, sowing and planting machines, harvesting & threshing machines, crop processing machines, hay making equipment. Trends suggest that the market growth potential lies majorly in developing regions such as China, India and Brazil. These are the potential targets for the industry due to lower market penetration, rising incomes, rising population, progressive government policies and market saturation in developed countries. Several factors such as declining agricultural workforce, declining global arable land, increasing global grain production, coupled with continuous replacement demand from developed regions, easy credit availability in developing countries and rising population are the primary growth drivers of the market. However, fluctuating weather conditions, changing government policies and dynamic economic conditions pose a threat to market growth. The report analyzes the development of this market, with focus on the Asia-Pacific, North America and European markets. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report. The four major players: Deere & Company, CNH Industrial N.V., AGCO Corporation and Alamo Group Inc. are being profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global farm equipment market along with the study of the regional markets. 2

3 The declining incomes of farm labor; specially in developing countries and volatility in the global market have led to restricted growth. However, the Asia-pacific region is expected to experience above average growth rate with India and China leading the regional markets. Global Farm Equipment Market by Value ( ) As of 2015, the global farm equipment market was recorded at US$... billion compared to US$... billion in 2014, representing an increment of nearly % from the previous year. By the end of year 2020, the global farm equipment market is expected to be valued at US$... billion, growing at a CAGR of %, spanning from 2016 to In 2015, Asia-Pacific region held maximum revenue share of %, followed by the North America and Europe with % and % market shares, respectively Global Farm Equipment Market by Value Forecast ( ) Global Farm Equipment Market Share by Region (2015) Asia-Pacific North America Europe ROW

4 Throughout the industrialized world, sales of farm equipment will be largely determined by demand for replacement machinery. North America and Western Europe both recorded below average growth throughout Asia-Pacific Farm Equipment Market by Value Forecast ( ) In 2015, Asia-Pacific market was recorded at US$... billion and is further expected to reach US$... billion mark by the end of 2020, growing at a CAGR of %, In 2015, North America farm equipment market was recorded at US$... billion and is expected to reach US$... billion mark by 2020, growing at a CAGR of %, In 2015, the European farm equipment market was recorded at US$... billion and expected to reach US$... billion, by the end of 2020, growing at a CAGR of %, North America Farm Equipment Market by Value - Forecast ( ) Europe Farm Equipment Market by Value Forecast ( ) 4

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