Automotive and Transportation Farm Equipment Market

The key factors that influence a buyer’s decision include the strength and quality of a company’s dealers, the quality and pricing of products, dealer or brand loyalty, product availability, terms of financing, and customer services.

Less than 30 hp power range is expected to be the largest segment in the farm tractor market during the forecast period. China, India, and the US lead the sales of farm tractors and have a high demand for <30 hp tractors. The Chinese market has a high demand for less than 30 hp tractors and combines. According to the publication from “China Agricultural Machinery Distribution Association”, ~65% market belonged to <30 hp tractors in 2017. According to a publication from the Association of Equipment Manufacturers (AEM), the US and Canada had approximately 62–64% market of <40 hp farm tractors in 2017. Factors such as lower price compared to large tractors and small farmland per farmer would drive the market for small and medium farm tractors in Asia Oceania and North America.

Two-wheel drive segment is estimated to be the largest farm tractors market. Owing to the high sales of small tractors, Asia Oceania is estimated to be the key contributor to the growth of this market. North America is also expected to contribute significantly to the growth of this segment.

Plowing & cultivating is anticipated to hold the largest share in the implements market. The implements used in this process perform the initial operation of breaking compact earth surface and loosen the soil mass to help in even penetration of crops. The need to improve the soil fertility level, maintain the nutrients, and enhance productivity would boost the demand for plowing & cultivating implements during the forecast period.

Asia Oceania is estimated to be the largest and fastest growing market for agricultural equipment. China and India hold a dominant position in this market due to rising population, small arable land per farmer, and falling crop prices. Despite the slowdown in the global farm tractors market, India experienced a positive growth of 20.5% in 2016 as compared to 2015. According to the Agrievolution Tractor Market report, China continues to hold the top position in the global market despite a decline in tractor sales in recent years. With increased government support and incentives, farmers have increased the usage of modern agricultural equipment and practices.

Key players include John Deere (US), AGCO Corporation (US), CNH Industrial (UK), CLAAS (Germany), Kubota (Japan), Mahindra & Mahindra (India), SPF Group (Italy), J C Bamford Excavators (UK), and Iseki (Japan).

1.     Introduction

1.1.  Market Definition

1.2.  Study Scope

1.3.  Study Period

1.4.  Market Stakeholders

2.     Research Methodology

2.1.  Secondary Research

2.2.  Primary Research

2.3.  Research Design

2.4.  Data Validation

2.5.  Limitations and Assumptions

3.     Executive Summary

4.     Market Dynamics

4.1.  Drivers

4.1.1.Increasing Mechanization Trends Across the Globe           Shortage of Skilled Labor and Increasing Labor Cost           Rising Demand for Productivity and Operational Efficiency           Rising Import/Export of Cereals

4.1.2.Growing Institutional Credits/Increasing PPP

4.2.  Opportunities

4.2.1.Innovation in the Field of Autonomous Tractors

4.2.2.Increase in Adoption of Advanced Technologies           Big Data           IoT (Internet of Things)           Artificial Intelligence (AI)

4.3.  Challenges

4.3.1.Lack of Safety-Related Regulation in Developing Regions

4.3.2.Fragmented Market           Intense Competition Among Regional Players           Local Implements Manufacturers vs OEMS

4.3.3.High Cost of Agriculture Equipment

5.     Farm Equipment Market, By Power Output  

5.1.  Less than 30 hp

5.2.  31 – 70 hp

5.3.  71 – 130 hp

5.4.  131 – 250 hp

5.5.  More than 250 hp

6.     Farm Equipment Market, By Drive Type 

6.1.  Two-wheel drive

6.2.  Four-wheel drive

7.     Farm Equipment Market, By Equipment Type

7.1.  Combines

7.1.1.Combines for cereal crops

7.1.2.Combines for non-cereal crops

7.2.  Balers

7.3.  Sprayers

8.     Autonomous tractor market

9.     Implement market

10. Farm equipment rental market

11. Farm Equipment Market, By Region

11.1.                 Asia-Pacific

11.1.1.  China

11.1.2.  Japan

11.1.3.  India

11.1.4.  South Korea

11.1.5.  Australia

11.1.6.  Rest of APAC

11.2.                 North America

11.2.1.  U.S.

11.2.2.  Canada

11.2.3.  Mexico

11.3.                 Europe

11.3.1.  Germany

11.3.2.  France

11.3.3.  Spain

11.3.4.  UK

11.3.5.  Italy

11.3.6.  Poland

11.3.7.  Russia

11.3.8.  Turkey

11.3.9.  Rest of Europe

11.4.                 Rest of the World

11.4.1.  Argentina

11.4.2.  Brazil

11.4.3.  Others

12. Company Profiles

12.1.                 John Deere

12.2.                 CNH Industrial

12.3.                 Mahindra & Mahindra

12.4.                 Agco Corporation

12.5.                 Kubota Corporation

12.6.                 Claas KGaA

12.7.                 Iseki & Co.

12.8.                 JCB

12.9.                 SDF Group

12.10.              Yanmar

*Company introduction, financial information, recent developments, SWOT analysis

13.  Conclusion and Recommendations

14. Appendix

14.1.                 About

14.2.                 Related Reports

14.3.                 Glossary


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