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Global Agricultural Machinery Market 2016-2020

About the Agricultural Machinery Market

Growing global population and increase in per capita income in emerging economies lead to a rise in the demand for food products. The world population is estimated to reach 9.48 billion by 2050 from 7.4 billion in 2016. As a result, farmers are shifting toward mechanization through the use of agricultural machinery, to gain efficiency and effectiveness in farming and crop production. Globally, most governments are encouraging farmers by providing easy credit availability and various loans to buy agricultural machinery.

Technavio’s analysts forecast the global agricultural machinery market to grow at a CAGR of 7.29% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global agricultural machinery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of following agricultural machinery:

  • Tractors
  • Haying machinery
  • Harvesting machinery
  • Planting and fertilizing machinery
  • Plowing and cultivating machinery
  • Parts and attachments
The market is divided into the following segments based on geography:
  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Agricultural Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AGCO
  • CLAAS
  • CNH Industrial
  • Deere & Company
  • Kubota Corp
Other prominent vendors
  • Iseki
  • Krone Group
  • Kuhn Group
  • Kverneland Group
  • Mahindra & Mahindra
  • Same Deutz-Fahr Deutschland
  • Tractors and Farm Equipment
Market driver
  • Increasing government initiatives
  • For a full, detailed list, view our report
Market challenge
  • Decline in agricultural commodity prices
  • For a full, detailed list, view our report
Market trend
  • Use of alternative fuels
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Agricultural Machinery Market 2016-2020

Technavio recognizes the following companies as the key players in the global agricultural machinery market: AGCO, CLAAS, CNH Industrial, Deere & Company, and Kubota Corp.

Other Prominent Vendors in the market are: Iseki, Krone Group, Kuhn Group, Kverneland Group, Mahindra & Mahindra, Same Deutz-Fahr Deutschland, and Tractors and Farm Equipment.

Commenting on the report, an analyst from Technavio’s team said: “A trend that will positively impact the market is the use of alternative fuels. Agricultural machinery uses various options as fuel such as diesel or gasoline. With the rising prices of conventional fuels and increasing concern toward sustainable development, alternative fuels are considered by farmers. For example, petroleum-based lubricants are substituted with oil-based bio-lubricants. Bio-lubricant is preferred by farmers in spite of its high price because it provides large benefits in terms of longevity of fuel engine as well as low operating cost with less maintenance. In addition, vendors are investing in R&D (research and development) on the manufacturing of agricultural machinery that can run on alternative fuel.”

According to the report, a key growth driver is the increasing government initiatives. The global agricultural machinery market is expected to gain high growth rate with the shortage of agricultural labor due to mechanization and governments' focus on implementing agricultural machinery. Governments across the world offer subsidies on agricultural machinery to improve farm production. They provide credit from banking and non-banking financial corporations for farmers to buy machinery on credit. The Indian government allocated $127.9 billion for farmer credit, and $3.76 billion was targeted for rural infrastructure development bank in its budget 2015.

Further, the report states that one challenge that could restrict market growth is the decline in agriculture commodity prices.



Companies Mentioned

AGCO, CLAAS, CNH Industrial, Deere & Company, Kubota Corp, Iseki, Krone Group, Kuhn Group, Kverneland Group, Mahindra & Mahindra, Same Deutz-Fahr Deutschland, and Tractors, Farm Equipment.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global agricultural machinery market 2016-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global agricultural machinery market by product
    • Table Global agricultural machinery market by product 2015
    • Table Global agricultural machinery market by product 2020
    • Global agricultural tractor market
      • Table Global agricultural tractor market 2016-2020 ($ billions)
    • Haying machinery
    • Market size and forecast
      • Table The global haying machinery market 2016-2020 ($ billions)
    • Global agricultural harvesting machinery market
      • Table Global harvesting machinery market 2015-2020 ($ billions)
    • Global agricultural planting and fertilizing machinery market
      • Table Global agricultural planting and fertilizing machinery market 2016-2020 ($ billions)
    • Global agricultural plowing and cultivating machinery market
      • Table Global agricultural plowing and cultivating machinery market 2015-2020 ($ billions)
    • Global agricultural parts and attachments market
      • Table Global agricultural parts and attachments market 2015-2020 ($ billions)
  • Geographical segmentation
    • Table Global agricultural machinery market by geography 2015
    • Table Global agricultural machinery market by geography 2020
    • Agricultural machinery market in APAC
      • Table Agricultural machinery market in APAC ($ billions)
    • Agricultural machinery market in North America
      • Table Agricultural machinery market in North America ($ billions)
    • Agricultural machinery market in Europe
      • Table Agricultural machinery market in Europe 2015-2020 ($ billions)
    • Agricultural machinery market in ROW
      • Table Agricultural machinery market in ROW ($ billions)
  • Key leading countries
    • Table Key leading countries
    • Table China: Population 2010-2014 (in millions)
    • Table China: Urban population 2010-2014 (in millions)
    • Table US: Urban population (% of total)
  • Market drivers
    • Table Urban population 2010-2014 (in billions)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Raw materials and their usage
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Global agricultural machinery market by vendor share 2015
    • Other prominent vendors
  • Key vendor analysis
    • AGCO
      • Table AGCO: Product segmentation by revenue 2015
      • Table AGCO: Product segmentation by revenue 2014 and 2015 ($ billions)
      • Table AGCO: Geographical segmentation by revenue 2015
    • CLAAS
      • Table CLAAS: Product segmentation
      • Table CLAAS: Geographical segmentation by revenue 2015
    • CNH Industrial
      • Table CNH: Business segmentation by revenue 2015
      • Table CNH: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table CNH: Geographical segmentation by revenue 2015
      • Table CNH: Product portfolio
    • Deere & Co. (John Deere)
      • Table John Deere: Business segmentation by revenue 2015
      • Table John Deere: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table John Deere: Geographical segmentation by revenue 2015
      • Table John Deere: Product portfolio
    • Kubota Corp. (Kubota)
      • Table Kubota: Business segmentation by revenue 2015
      • Table Kubota: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Kubota: Geographical segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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