World Agricultural Equipment

World Agricultural Equipment

Through 2019, increases in the global agricultural equipment market will average 6.6 percent per year to nearly $194 billion. Growth will be fueled by advances in world agricultural output. Additionally, many farmers in developing nations will transition from manual farming to mechanized farming techniques in order to boost production and increase the efficiency of their operations.

In this report, the world agricultural industry is segmented by product type. Data is provided in millions of US dollars.

Among the major agricultural equipment products covered by this study are:
Farm Tractors
Harvesting Machinery
Planting & Fertilizing Machinery
Haying Machinery
Livestock Machinery
Plowing & Cultivating Machinery
Other Agricultural Equipment
Parts & Attachments

Farm tractors are the most widely used type of agricultural equipment in both dollar and unit terms because of their suitability for a wide range of applications. Through 2019, sales of livestock machinery are projected to climb at the market’s fastest pace. As personal incomes in industrializing nations rise, demand for dairy, poultry, and meat will increase significantly. In response, farmers in these countries will invest in new livestock equipment. Many farmers will also replace older livestock machinery in order to ramp up production and boost the efficiency of their operations.

In this study, historical demand and forecasts are presented for 19 countries in the following regions:
North America
Western Europe
Asia/Pacific
Central & South America
Eastern Europe
Africa/Mideast

The Africa/Mideast and Asia/Pacific regions are projected to record the fastest gains during the 2014-2019 period because of strong gains in agricultural activity. Additionally, farmers in both regions will increase their use of mechanized farming techniques, leading to a rise in product demand. Growth in the North American agricultural equipment market are expected to slow noticeably, following a period of fairly strong gains. In contrast, advances in the West European market will accelerate between 2014 and 2019, as economic conditions improve and agricultural output rises. Farmers will also invest in new machinery in order to be more competitive globally.

The global agricultural equipment industry includes thousands of manufacturers. While some suppliers are fairly small industrial enterprises with limited product offerings, other companies operate on a multinational level and have extensive agricultural equipment portfolios. Among the global agricultural machinery industry leaders are AGCO, Bucher Industries, CNH Industrial, Deere, Lovol Heavy Industry, Kubota, Mahindra & Mahindra, SAME DEUTZ-FAHR, and Yanmar.