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Global Farm Equipment Market, Forecast to 2022

Catalyzed by Pressing Food Self-Sufficiency Demands, Farm Tractor Volumes to Grow

RELEASE DATE
04-May-2016

REGION
North America

DELIVERABLE TYPE
Market Research

RESEARCH CODE
P8DF-01-00-00-00

SKU
TP0160-NA-MR_18463

This research service analyzes the select global farm equipment market and provides a global tractor market forecast, discusses market drivers and restraints, challenges and opportunities, and the competition landscape from 2016 to 2022. The study covers 12 key regional markets—the United States of America, Canada, Brazil, Germany, France, Russia, Turkey, South Africa, Algeria, China, India, and Thailand—and provides forecasts for each of them till 2022. It also studies the mega trends and key evolving technologies in the market.

In this research, Frost & Sullivan's expert analysts thoroughly examine the following market segments:

Tractor
Tillage equipment
Planting and crop care equipment
Harvesting equipment
Other equipment

Market Overview

Increasing Mechanization of Agriculture Practices Drives the Farm Equipment Market

Rising adoption of modern and highly mechanized farming practices, which enhance overall farm productivity, bodes well for the farm equipment market. Smart farming through precision agriculture equipment will be a strong trend in the markets in North America and Europe. Large farms in these regions propel the use of high horsepower machines equipped with technologies such as crop modelling, field planning, aerial inspection, remote machine management, and sensors to monitor field condition and provide farm data analysis. Meanwhile, with the rise in commercial farming in the emerging economies of Asia and Africa, focus is shifting towards fuel efficiency and versatility in tillers; planting and crop care equipment with increasing use of power take off (PTO) application. Asia’s market share is expected to increase due to the high domestic as well as export requirements.

Governments across the world are trying to develop sustainable agriculture systems to reduce the dependability on food imports and achieve food self-sufficiency. Supportive initiatives include subsidized interest rates and credit up to 100 percent for the purchase of seeds, fertilizers and farm equipment. Such credits and subsidies are escalating the demand in farm equipment market. However, farmers with small land holdings refrain from adopting farm equipment due to high capital and operational costs. Developing reliable, fuel efficient and cost effective equipment is crucial for the manufacturers to tap the demand in the overall market.

Infographic

Table of Contents

Executive Summary

Key Findings

Regional Tractor Sales Snapshot

Regional Engine Powertrain Overview

Components of Farm Equipment Technology

Key Findings and Future Outlook

Key Findings and Future Outlook (continued)

Research Scope, Objectives, Background, and Methodology

Research Scope

Research Scope (continued)

Research Aims and Objectives

Research Methodology

Key Questions this Study will Answer

Definitions and Segmentation

Select Farm Equipment Segmentation

Product Definitions and Segmentation

Market Overview

Level of Mechanization vs. Population Engaged in Agriculture

Overview of Share of Agriculture in GDP

Agricultural Land Per Person

Agriculture Employment

Declining Crop Prices to Have Negative Impact on Farm Incomes

Agriculture Productivity vs. Level of Mechanization

Drivers and Restraints—Total Select Farm Equipment Market

Market Drivers

Drivers Explained

Market Restraints

Restraints Explained

Challenges and Opportunities

Farm Equipment Market—Challenges and Opportunity

Global Market—Regional Opportunity Snapshot

Mega Trends and Industry Convergence Implications

Global Mega Trends That Can Affect the Select Farm Equipment Market in Future

Global Mega Trends Discussion

Global Mega Trends Discussion (continued)

Select Farm Equipment Market by Type

Tractor Unit Shipment Forecast

Select Combine Harvester Unit Shipment Forecast

Select Tillage Equipment Unit Shipment Forecast

Select Planting and Crop Care Equipment Unit Shipment Forecast

Select Harvesting Equipment Unit Shipment Forecast

Other Equipment Unit Shipment Forecast

Select Farm Equipment Market by Country—US

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Canada

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Brazil

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Germany

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—France

Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Russia

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Tractor and Combine Harvester Segment Unit Shipment Forecast

Select Farm Equipment Market Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Turkey

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—South Africa

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Algeria

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—China

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—India

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Select Farm Equipment Market by Country—Thailand

Select Farm Equipment Market Overview

Powertrain Analysis

Market Engineering Measurements

Select Farm Equipment Market Unit Shipment Forecast

Tractor and Combine Harvester Segment Unit Shipment Forecast

Competitive Landscape

Key Evolving Technology in the Select Farm Equipment Market

Top Emerging Technologies in Farm Equipment

Top Emerging Technologies in Farm Equipment (continued)

Conclusions and Future Outlook

Key Conclusions

The Last Word—3 Big Predictions

Legal Disclaimer

Appendix

Market Engineering Methodology

Engine Powertrain—Key OEMs

Germany

France

India

US

Select Market Classification

Table of Acronyms Used

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Global Farm Equipment Market, Forecast to 2022

Catalyzed by Pressing Food Self-Sufficiency Demands, Farm Tractor Volumes to Grow