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World Agricultural Equipment


Attention: There is an updated edition available for this report.

  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD AGRICULTURAL EQUIPMENT DEMAND
  • MARKET ENVIRONMENT
    • General
    • Global Macroeconomic Environment
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION
    • World Demographic Overview
      • Population
        • Table WORLD POPULATION BY REGION
      • Nonurban Population
        • Table WORLD NONURBAN POPULATION BY REGION
    • World Cultivated Land
      • Table WORLD CULTIVATED LAND BY COUNTRY, 2013
    • World Agricultural Outlook
      • Table WORLD AGRICULTURAL VALUE ADDED BY REGION
    • World Agricultural Land Usage
      • Table WORLD AREA HARVESTED BY REGION & CROP
      • Table CHART II-1 WORLD AREA HARVESTED BY REGION, 2013
      • Table CHART II-2 WORLD AREA HARVESTED BY CROP, 2013
      • Wheat
        • Table CHART II-3 LEADING WHEAT HARVESTING COUNTRIES, 2013
      • Corn
        • Table CHART II-4 LEADING CORN HARVESTING COUNTRIES, 2013
      • Rice
        • Table CHART II-5 LEADING RICE HARVESTING COUNTRIES, 2013
      • Pasture & Forage
        • Table CHART II-6 LEADING PASTURE & FORAGE HARVESTING COUNTRIES, 2013
      • Soybeans
        • Table CHART II-7 LEADING SOYBEAN HARVESTING COUNTRIES, 2013
      • Other Crops
    • Labor Force Productivity in Agriculture
      • Table LABOR FORCE PRODUCTIVITY IN AGRICULTURE FOR SELECTED COUNTRIES, 2013
    • Legal & Regulatory Environment
    • Pricing Patterns
      • Table WORLD AGRICULTURAL EQUIPMENT PRICING
    • Technology Trends
    • Used & Rebuilt Equipment
  • WORLD SUPPLY & DEMAND
    • General
    • Regional Overview
      • Demand
        • Table WORLD AGRICULTURAL EQUIPMENT DEMAND BY REGION
        • Table CHART III-1 WORLD AGRICULTURAL EQUIPMENT DEMAND BY REGION, 2013
        • Table CHART III-2 WORLD AGRICULTURAL EQUIPMENT DEMAND PROJECTED 2013-2018 ANNUAL RATE OF GROWTH
      • Production
        • Table WORLD AGRICULTURAL EQUIPMENT SHIPMENTS BY REGION
        • Table CHART III-3 WORLD AGRICULTURAL EQUIPMENT SHIPMENTS BY REGION, 2003-2023
      • International Trade
        • Table WORLD AGRICULTURAL EQUIPMENT NET EXPORTS BY REGION
    • Demand by Type
      • Table WORLD AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Table CHART III-4 WORLD AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
      • Farm Tractors
        • Table WORLD FARM TRACTOR DEMAND BY PRODUCT & REGION
        • Table CHART III-5 WORLD FARM TRACTOR DEMAND BY REGION, 2013
      • Harvesting Machinery
        • Table WORLD HARVESTING MACHINERY DEMAND BY REGION
      • Planting & Fertilizing Machinery
        • Table WORLD PLANTING & FERTILIZING MACHINERY DEMAND BY REGION
      • Haying Machinery
        • Table WORLD HAYING MACHINERY DEMAND BY REGION
      • Livestock Machinery
        • Table WORLD LIVESTOCK MACHINERY DEMAND BY REGION
      • Plowing & Cultivating Machinery
        • Table WORLD PLOWING & CULTIVATING MACHINERY DEMAND BY REGION
      • Other Agricultural Equipment
        • Table WORLD DEMAND FOR OTHER AGRICULTURAL EQUIPMENT BY REGION
      • Parts & Attachments
        • Table WORLD AGRICULTURAL EQUIPMENT PARTS & ATTACHMENTS DEMAND BY REGION
  • NORTH AMERICA
    • North America: General
    • North America: Agricultural Equipment Supply & Demand
      • Table NORTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Table CHART IV-1 NORTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY COUNTRY, 2013
      • Table CHART IV-2 NORTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
    • North America: Agricultural Equipment Outlook
      • Table NORTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • United States
      • United States: General
      • United States: Agricultural Equipment Supply & Demand
        • Table UNITED STATES: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • United States: Agricultural Equipment Outlook
        • Table UNITED STATES: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Canada
      • Canada: General
      • Canada: Agricultural Equipment Supply & Demand
        • Table CANADA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Canada: Agricultural Equipment Outlook
        • Table CANADA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Mexico
      • Mexico: General
      • Mexico: Agricultural Equipment Supply & Demand
        • Table MEXICO: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Mexico: Agricultural Equipment Outlook
        • Table MEXICO: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
  • WESTERN EUROPE
    • Western Europe: General
    • Western Europe: Agricultural Equipment Supply & Demand
      • Table WESTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Table CHART V-1 WESTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY COUNTRY, 2013
      • Table CHART V-2 WESTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
    • Western Europe: Agricultural Equipment Outlook
      • Table WESTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • France
      • France: General
      • France: Agricultural Equipment Supply & Demand
        • Table FRANCE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • France: Agricultural Equipment Outlook
        • Table FRANCE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Germany
      • Germany: General
      • Germany: Agricultural Equipment Supply & Demand
        • Table GERMANY: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Germany: Agricultural Equipment Outlook
        • Table GERMANY: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Italy
      • Italy: General
      • Italy: Agricultural Equipment Supply & Demand
        • Table ITALY: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Italy: Agricultural Equipment Outlook
        • Table ITALY: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • United Kingdom
      • United Kingdom: General
      • United Kingdom: Agricultural Equipment Supply & Demand
        • Table UNITED KINGDOM: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • United Kingdom: Agricultural Equipment Outlook
        • Table UNITED KINGDOM: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • The Netherlands
      • The Netherlands: General
      • The Netherlands: Agricultural Equipment Supply & Demand
        • Table THE NETHERLANDS: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • The Netherlands: Agricultural Equipment Outlook
        • Table THE NETHERLANDS: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Spain
      • Spain: General
      • Spain: Agricultural Equipment Supply & Demand
        • Table SPAIN: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Spain: Agricultural Equipment Outlook
        • Table SPAIN: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Austria
      • Austria: General
      • Austria: Agricultural Equipment Supply & Demand
        • Table AUSTRIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Austria: Agricultural Equipment Outlook
        • Table AUSTRIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Other Western Europe
      • Other Western Europe: General
      • Other Western Europe: Agricultural Equipment Supply & Demand
        • Table OTHER WESTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Other Western Europe: Agricultural Equipment Outlook
        • Table OTHER WESTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Other Western Europe: Agricultural Equipment Supply & Demand by Country
        • Table OTHER WESTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND BY COUNTRY
  • ASIA/PACIFIC
    • Asia/Pacific: General
    • Asia/Pacific: Agricultural Equipment Supply & Demand
      • Table ASIA/PACIFIC: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Table CHART VI-1 ASIA/PACIFIC: AGRICULTURAL EQUIPMENT DEMAND BY COUNTRY, 2013
      • Table CHART VI-2 ASIA/PACIFIC: AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
    • Asia/Pacific: Agricultural Equipment Outlook
      • Table ASIA/PACIFIC: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • China
      • China: General
      • China: Agricultural Equipment Supply & Demand
        • Table CHINA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • China: Agricultural Equipment Outlook
        • Table CHINA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • India
      • India: General
      • India: Agricultural Equipment Supply & Demand
        • Table INDIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • India: Agricultural Equipment Outlook
        • Table INDIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Japan
      • Japan: General
      • Japan: Agricultural Equipment Supply & Demand
        • Table JAPAN: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Japan: Agricultural Equipment Outlook
        • Table JAPAN: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Australia
      • Australia: General
      • Australia: Agricultural Equipment Supply & Demand
        • Table AUSTRALIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Australia: Agricultural Equipment Outlook
        • Table AUSTRALIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • South Korea
      • South Korea: General
      • South Korea: Agricultural Equipment Supply & Demand
        • Table SOUTH KOREA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • South Korea: Agricultural Equipment Outlook
        • Table SOUTH KOREA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Thailand
      • Thailand: General
      • Thailand: Agricultural Equipment Supply & Demand
        • Table THAILAND: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Thailand: Agricultural Equipment Outlook
        • Table THAILAND: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Indonesia
      • Indonesia: General
      • Indonesia: Agricultural Equipment Supply & Demand
        • Table INDONESIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Indonesia: Agricultural Equipment Outlook
        • Table INDONESIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
    • Other Asia/Pacific
      • Other Asia/Pacific: General
      • Other Asia/Pacific: Agricultural Equipment Supply & Demand
        • Table OTHER ASIA/PACIFIC: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
      • Other Asia/Pacific: Agricultural Equipment Outlook
        • Table OTHER ASIA/PACIFIC: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
  • OTHER REGIONS
    • Central & South America
      • Central & South America: General
      • Central & South America: Agricultural Equipment Supply & Demand
        • Table CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table CHART VII-1 CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY COUNTRY, 2013
        • Table CHART VII-2 CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
      • Central & South America: Agricultural Equipment Outlook
        • Table CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Brazil
        • Table BRAZIL: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table BRAZIL: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table OTHER CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
        • Table OTHER CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND BY COUNTRY
    • Eastern Europe
      • Eastern Europe: General
      • Eastern Europe: Agricultural Equipment Supply & Demand
        • Table EASTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table CHART VII-3 EASTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY COUNTRY, 2013
        • Table CHART VII-4 EASTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
      • Eastern Europe: Agricultural Equipment Outlook
        • Table EASTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Russia
        • Table RUSSIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table RUSSIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Poland
        • Table POLAND: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table POLAND: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table OTHER EASTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
        • Table OTHER EASTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND BY COUNTRY
    • Africa/Mideast
      • Africa/Mideast: General
      • Africa/Mideast: Agricultural Equipment Supply & Demand
        • Table AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table CHART VII-5 AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT DEMAND BY TYPE, 2013
      • Africa/Mideast: Agricultural Equipment Outlook
        • Table AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Turkey
        • Table TURKEY: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table TURKEY: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
      • Other Africa/Mideast
        • Table OTHER AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND
        • Table OTHER AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT DEMAND BY TYPE
        • Table OTHER AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND BY COUNTRY
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table WORLD AGRICULTURAL EQUIPMENT SALES BY COMPANY, 2013
    • Market Share
      • Table CHART VIII-1 WORLD AGRICULTURAL EQUIPMENT MARKET SHARE, 2013
    • Product Development & Manufacturing
    • Marketing & Distribution
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Financial Requirements
    • Mergers & Acquisitions
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Company Profiles
      • AGCO Corporation
      • Alamo Group Incorporated
      • AMAZONEN-Werke H. Dreyer GmbH & Company KG
      • ARGO SpA
      • Bucher Industries AG
      • Changzhou Dongfeng Agricultural Machinery Group Company Limited
      • China National Machinery Industry Corporation
      • CLAAS KGaA mbH
      • CNH Industrial NV
      • Daedong Industrial Company Limited
      • Deere & Company
      • Escorts Limited
      • Exel Industries SA
      • Foton Lovol International Heavy Industries Company Limited
      • Iseki & Company Limited
      • JCB Limited
      • Kubota Corporation
      • Kukje Machinery Company Limited
      • Mahindra & Mahindra Limited
      • Netafim Limited
      • SAME DEUTZ-FAHR Group SpA
      • Shandong Shifeng Group Company Limited
      • Tetra Laval International SA
      • Tractors and Farm Equipment Limited
      • Valmont Industries Incorporated
      • WORLD Group Company Limited
      • Yamabiko Corporation
      • Yanmar Company Limited
      • ZETOR TRACTORS as
    • Additional Companies Mentioned in the Study

World Agricultural Equipment

World demand to grow 7.0% per annum through 2018
Global demand for agricultural equipment is forecast to expand 7.0 percent per annum to $216 billion in 2018, accelerating from the pace of the 2008-2013 period. Advances will be propelled by the increasing mechanization of farming operations in developing countries, with particularly sizable gains anticipated in China, India, and Brazil. Ongoing economic expansion, population growth, and rising per capita calorie intake in these and other developing nations will boost demand for food. This will not only place greater pressure on their agricultural sectors to become more efficient and productive, but it will also increase farm incomes, thus creating additional opportunities for machinery sales. In more developed markets such as the United States and Western Europe, growth in agricultural equipment demand will be driven by efforts to reduce inputs and maximize production capabilities through the use of increasingly advanced highvalue precision farming technologies such as global positioning systems and yield monitors.

China alone to account for one-third of gains
The Asia/Pacific region, which accounted for 46 percent of agricultural equipment demand worldwide in 2013, represents the largest and fastest growing regional market. China alone will account for over one-third of global sales value gains between 2013 and 2018. India -- the world’s third largest market for farm equipment behind China and the United States -- will also record sizable dollar increases. Demand for harvesting machinery, which can provide significant gains in terms of efficiency, is projected to expand strongly in the region. This equipment is becoming more affordable in many large, rapidly developing agricultural markets due to rising farm incomes and greater access to capital. However, overall demand for new equipment in developing markets will continue to be constrained by competition from used machinery.

Replacement demand to drive developed markets
The outlook for more developed markets that are already highly intensive users of agricultural equipment is largely driven by replacement demand. Replacement schedules are influenced by a range of factors, including overall economic conditions and the ongoing development of increasingly sophisticated technologies capable of substantially reducing costs and improving yields. For instance, many farmers in North America and Western Europe delayed replacing their older machinery during the 2008-2010 period, opting to forgo major purchases of new machinery in times of economic uncertainty. In 2011 and 2012, on the other hand, improving economic conditions enticed farmers to finally replace older machines. While this served to constrain agricultural equipment demand in 2013, it bodes well for sales over the next 5 to 10 years, as such machinery typically requires replacement within 8 or 9 years of purchase. The continued advancement of agricultural technologies will further boost replacement demand, as the enhanced efficiency these innovations can provide will make it economically feasible for farmers to replace their equipment more frequently.


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