Overview

Farm Equipment Market Introduction:

The latest published market intelligence report by FutureWise titled 'Farm Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020-2027', examines the global market in terms of tractor power output, equipment type, by application, and regions for the period 2020 to 2027.

This market intelligence report offers a comprehensive assessment of farm equipment market including, factors boosting market growth, market barriers, application areas, investment potential, case studies, value chain analysis, future roadmap, major market players profiles and strategies. The study further offers market size predictions from 2020 to 2027.

The global farm equipment market is estimated to value over US$ 133 billion by 2027 end, and registering a CAGR of 3.4% during the period of 2020-2027.

Over the past few years, there has been an unparalleled global demand from the aggressively expanding food and beverage sector due to the speedily growing population. Conventional farming methods are labour intensive, time taking and less cost-effective, furthermore, decline in farming areas, scarcity of labours adds to the challenge. To perform under such pressing concerns, usage of advanced farm equipment is a necessity. The World Bank data exhibits that 25,054,140 tractors were globally being used and as of January 2019 and with the advent of machinery systems in the agricultural sector along with better financial support, the deployment of farm equipment is going to witness a drastic increase which will positively transform the global farm equipment market.

The global farm equipment market is anticipated to observe notable growth over the forecast period due to the increasing inclusion of technologies in farm machines. Farm machinery producers are focusing on combining technologies such as robotic systems, GPS, and Google Earth into existing machinery to enhance productivity. Furthermore, another important reason for the prognosticated increase is government subsidies and reduced rates proposed to farmers in developing economies to use advanced agricultural equipment.

Farm Equipment Market

Farm Equipment Market Segmentation:

By Tractor Power Output

<30
31–70
71–130
131–250
>250

By Drive

Two wheel drive (2WD)
Four wheel drive (4WD)
Autonomous

By Equipment Type

Combines
Baler
Sprayer

By Application

Plow & Cultivate
Sow & Planting
Harvesting
Plant Protection & Fertilizing

By Region

North America
Europe
Asia Pacific
Rest of the World
Latin America

Companies Profiled:

John Deere
CNH Industrial
Mahindra & Mahindra
AGCO Corporation
Kubota Corporation
Claas KGaA
Iseki & Co.
JCB
SDF Group
Yanmar

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide an exhaustive analysis of the global farm equipment market on the basis of tractor power output, equipment type, by application, and regions
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies