World demand for agricultural equipment is expected to increase 6.8 percent per year through 2016 to $175 billion. The Asia/Pacific region -- led by China and India -- will be the fastest growing market, followed by Central and South America. Plowing and cultivating machinery will be the fastest growing product type.

This study analyzes the $126 billion world agricultural equipment industry. It presents historical demand data for the years 2001, 2006 and 2011 with forecasts for 2016 and 2021 by type (e.g., farm tractors, harvesting machinery, planting and fertilizing machinery, haying machinery, plowing and cultivating machinery), world region and for 20 major countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 29 industry participants, including Deere, CNH Global and AGCO.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION	                                                    xiii

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Global Macroeconomic Environment				       5
		   Recent Historical Trends					       5
		   World Economic Outlook					       7
		World Demographic Overview					      11
		   Population							      12
		   Nonurban Population						      13
		World Arable Land						      15
		World Agricultural Outlook					      17
		World Agricultural Land Usage					      19
		   Wheat							      23
		   Corn								      24
		   Rice								      25
		   Pasture & Forage						      26
		   Soybeans							      27
		   Other Crops							      28
		Labor Force Productivity in Agriculture				      29
		Legal & Regulatory Environment					      31
		Pricing Patterns						      33
		Technology Trends						      36
		Used & Rebuilt Equipment					      39

	III.	WORLD SUPPLY & DEMAND						      41
		General								      41
		Regional Overview						      42
		   Demand							      42
		   Production							      48
		   International Trade						      51
		Demand by Type							      53
		   Farm Tractors						      55
		   Harvesting Machinery						      58
		   Planting & Fertilizing Machinery				      60
		   Haying Machinery						      62
		   Plowing & Cultivating Machinery				      64
		   Other Agricultural Equipment					      66
		   Parts & Attachments						      68

	IV.	NORTH AMERICA							      71
		General								      71
		Agricultural Equipment Supply & Demand				      72
		Agricultural Equipment Outlook					      76
		United States							      77
		Canada								      83
		Mexico								      88

	V.	WESTERN EUROPE							      94
		General								      94
		Agricultural Equipment Supply & Demand				      95
		Agricultural Equipment Outlook					      99
		Germany								     100
		France								     105
		Italy								     111
		United Kingdom							     116
		The Netherlands							     121
		Austria								     125
		Spain								     130
		Other Western Europe						     136

	VI.	ASIA/PACIFIC							     141
		General								     141
		Agricultural Equipment Supply & Demand				     142
		Agricultural Equipment Outlook					     147
		China								     148
		India								     154
		Japan								     159
		South Korea							     165
		Australia							     170
		Thailand							     174
		Indonesia							     179
		Other Asia/Pacific						     184

	VII.	OTHER REGIONS							     189
		Central & South America						     189
		   General							     189
		   Agricultural Equipment Supply & Demand			     190
		   Agricultural Equipment Outlook				     193
		   Brazil							     194
		   Other Central & South America				     199
		Eastern Europe							     204
		   General							     204
		   Agricultural Equipment Supply & Demand			     206
		   Agricultural Equipment Outlook				     208
		   Russia							     209
		   Other Eastern Europe						     214
		Africa/Mideast							     219
		   General							     219
		   Agricultural Equipment Supply & Demand			     221
		   Agricultural Equipment Outlook				     224
		   Turkey							     226
		   Other Africa/Mideast						     231

	VIII.	INDUSTRY STRUCTURE						     236
		General								     236
		Industry Composition						     237
		Market Share							     239
		Product Development & Manufacturing				     243
		Marketing & Distribution					     245
		Cooperative Agreements						     247
		Financial Requirements						     254
		Mergers & Acquisitions						     255
		Company Profiles						     257
		   AGCO Corporation						     258
		   Al-Ghazi Tractors, see Fiat Industrial
		   Alamo Group Incorporated					     264
		   AMAZONEN-Werke H. Dreyer GmbH & Company KG			     269
		   ARGO SpA							     271
		   Berthoud Agricole, see Groupe Exel Industries
		   Bomford Turner, see Alamo Group
		   Bucher Industries AG						     273
		   Bush Hog, see Alamo Group
		   Caruelle-Nicolas, see Groupe Exel Industries
		   Caterpillar Incorporated					     278
		   Changzhou Dongfeng Agricultural Machinery Group
		      Company Limited						     281
		   China National Machinery Industry Corporation		     283
		   CLAAS KGaA mbH						     286
		   CNH Global, see Fiat Industrial
		   Constructions Mecaniques Champenoises, see Groupe Exel Industries
		   Crary Industries, see Yamabiko
		   Daedong Industrial Company Limited				     291
		   Deere & Company						     293
		   DeLaval International, see Tetra Laval International
		   Earthmaster, see Alamo Group
		   ECHO, see Yamabiko
		   Escorts Limited						     300
		   Fiat Industrial SpA						     302
		   First Tractors, see China National Machinery Industry
		   Foton Lovol International Heavy Industries Company
		      Limited							     309
		   GIMA, see AGCO and CLAAS mbH
		   Grégoire, see Same Deutz-Fahr
		   Groupe Exel Industries					     310
		   GSI Holdings, see AGCO
		   Hardi International, see Groupe Exel Industries
		   Herschel, see Alamo Group
		   Industrias John Deere, see Deere & Company
		   Iseki & Company Limited					     314
		   Jiangsu World Agricultural Machinery, see WORLD Group
		   Kanzaki Kokyukoki Manufacturing, see Yanmar
		   Krause, see Bucher Industries
		   Kubota Corporation						     317
		   Kuhn, see Bucher Industries
		   Kukje Machinery Company Limited				     323
		   Kverneland, see Kubota
		   Laverda, see AGCO and ARGO
		   Luoyang Zhongshou Machinery & Equipment, see China 
		      National Machinery Industry
		   M&W Gear, see Alamo Group
		   Mahindra & Mahindra Limited					     325
		   Matrot Equipements, see Groupe Exel Industries
		   McConnel, see Alamo Group
		   Netafim Limited						     328
		   Perkins Engine, see Caterpillar
		   Preciculture, see Groupe Exel Industries
		   Rhino, see Alamo Group
		   Same Deutz-Fahr SpA						     331
		   Shandong Shifeng Group Company Limited			     335
		   Shanghai New Holland Agricultural Machinery, see Fiat 
		      Industrial
		   SIAM KUBOTA, see Kubota
		   SINOMACH, see China National Machinery Industry
		   Societe Nouvelle Moreau, see Groupe Exel Industries
		   Tecnoma Technologies, see Groupe Exel Industries
		   Tetra Laval International SA					     337
		   Tractors and Farm Equipment Limited				     339
		   Transaxle Manufacturing of America, see Deere & Company
		   Türk Traktör ve Ziraat Makineleri, see Fiat Industrial
		   Twose of Tiverton, see Alamo Group
		   Valmont Industries Incorporated				     341
		   Valu-Bilt Tractor Parts, see Alamo Group
		   WORLD Group							     343
		   Yamabiko Corporation						     345
		   Yanmar Company Limited					     347
		   YTO Group, see China National Machinery Industry
		   ZETOR TRACTORS as						     351
		Additional Companies Mentioned in the Study			     353


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	World Gross Domestic Product by Region				      11
	2	World Population by Region					      13
	3	World Nonurban Population by Region				      14
	4	World Arable Land by Country, 2011				      17
	5	World Agricultural Value Added by Region			      19
	6	World Agricultural Land Usage by Region & Crop			      21
	7	Labor Force Productivity in Agriculture for Selected
		   Countries, 2011						      30
	8	World Agricultural Equipment Pricing Patterns			      35

		SECTION III -- WORLD SUPPLY & DEMAND
	1	World Agricultural Equipment Demand by Region			      45
	2	World Agricultural Equipment Shipments by Region		      50
	3	World Agricultural Equipment Net Exports by Region		      53
	4	World Agricultural Equipment Demand by Type			      54
	5	World Farm Tractor Demand by Region				      57
	6	World Harvesting Machinery Demand by Region			      60
	7	World Planting & Fertilizing Machinery Demand by Region		      62
	8	World Haying Machinery Demand by Region				      64
	9	World Plowing & Cultivating Machinery Demand by Region		      66
	10	World Demand for Other Agricultural Equipment by Region		      68
	11	World Agricultural Equipment Parts & Attachments Demand
		   by Region							      70

		SECTION IV -- NORTH AMERICA
	1	North America: Agricultural Equipment Supply & Demand		      74
	2	North America: Agricultural Equipment Demand by Type		      77
	3	United States: Agricultural Equipment Supply & Demand		      81
	4	United States: Agricultural Equipment Demand by Type		      83
	5	Canada: Agricultural Equipment Supply & Demand			      86
	6	Canada: Agricultural Equipment Demand by Type			      88
	7	Mexico: Agricultural Equipment Supply & Demand			      92
	8	Mexico: Agricultural Equipment Demand by Type			      93

		SECTION V -- WESTERN EUROPE
	1	Western Europe: Agricultural Equipment Supply & Demand		      97
	2	Western Europe: Agricultural Equipment Demand by Type		     100
	3	Germany: Agricultural Equipment Supply & Demand			     103
	4	Germany: Agricultural Equipment Demand by Type			     105
	5	France: Agricultural Equipment Supply & Demand			     109
	6	France: Agricultural Equipment Demand by Type			     110
	7	Italy: Agricultural Equipment Supply & Demand			     114
	8	Italy: Agricultural Equipment Demand by Type			     115
	9	United Kingdom: Agricultural Equipment Supply & Demand		     119
	10	United Kingdom: Agricultural Equipment Demand by Type		     120
	11	Netherlands: Agricultural Equipment Supply & Demand		     123
	12	Netherlands: Agricultural Equipment Demand by Type		     125
	13	Austria: Agricultural Equipment Supply & Demand			     128
	14	Austria: Agricultural Equipment Demand by Type			     130
	15	Spain: Agricultural Equipment Supply & Demand			     134
	16	Spain: Agricultural Equipment Demand by Type			     135
	17	Other Western Europe: Agricultural Equipment Supply
		   & Demand							     139
	18	Other Western Europe: Agricultural Equipment Demand
		   by Type							     140

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific: Agricultural Equipment Supply & Demand		     145
	2	Asia/Pacific: Agricultural Equipment Demand by Type		     148
	3	China: Agricultural Equipment Supply & Demand			     152
	4	China: Agricultural Equipment Demand by Type			     154
	5	India: Agricultural Equipment Supply & Demand			     157
	6	India: Agricultural Equipment Demand by Type			     159
	7	Japan: Agricultural Equipment Supply & Demand			     163
	8	Japan: Agricultural Equipment Demand by Type			     164
	9	South Korea: Agricultural Equipment Supply & Demand		     168
	10	South Korea: Agricultural Equipment Demand by Type		     169
	11	Australia: Agricultural Equipment Supply & Demand		     172
	12	Australia: Agricultural Equipment Demand by Type		     174
	13	Thailand: Agricultural Equipment Supply & Demand		     177
	14	Thailand: Agricultural Equipment Demand by Type			     178
	15	Indonesia: Agricultural Equipment Supply & Demand		     182
	16	Indonesia: Agricultural Equipment Demand by Type		     183
	17	Other Asia/Pacific: Agricultural Equipment Supply
		    & Demand							     187
	18	Other Asia/Pacific: Agricultural Equipment Demand by Type	     188

		SECTION VII -- OTHER REGIONS
	1	Central & South America: Agricultural Equipment Supply
		   & Demand							     192
	2	Central & South America: Agricultural Equipment Demand
		   by Type							     194
	3	Brazil: Agricultural Equipment Supply & Demand			     197
	4	Brazil: Agricultural Equipment Demand by Type			     199
	5	Other Central & South America: Agricultural Equipment
		   Supply & Demand						     202
	6	Other Central & South America: Agricultural Equipmen
		    Demand by Type						     204
	7	Eastern Europe: Agricultural Equipment Supply & Demand		     207
	8	Eastern Europe: Agricultural Equipment Demand by Type		     209
	9	Russia: Agricultural Equipment Supply & Demand			     213
	10	Russia: Agricultural Equipment Demand by Type			     214
	11	Other Eastern Europe: Agricultural Equipment Supply
		   & Demand							     218
	12	Other Eastern Europe: Agricultural Equipment Demand
		   by Type							     219
	13	Africa/Mideast: Agricultural Equipment Supply & Demand		     223
	14	Africa/Mideast: Agricultural Equipment Demand by Type		     225
	15	Turkey: Agricultural Equipment Supply & Demand			     229
	16	Turkey: Agricultural Equipment Demand by Type			     230
	17	Other Africa/Mideast: Agricultural Equipment Supply
		   & Demand							     234
	18	Other Africa/Mideast: Agricultural Equipment Demand
		   by Type							     235

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World Agricultural Equipment Sales by Company, 2011		     238
	2	Selected Cooperative Agreements					     249
	3	Selected Acquisitions & Divestitures				     257


		      LIST OF CHARTS

    CHART NUMBER								    PAGE


		SECTION II -- MARKET ENVIRONMENT
	1	World Agricultural Land Usage by Region, 2011			      22
	2	World Agricultural Land Usage by Crop, 2011			      22
	3	Leading Wheat Harvesting Countries, 2011			      23
	4	Leading Corn Harvesting Countries, 2011				      25
	5	Leading Rice Harvesting Countries, 2011				      26
	6	Leading Pasture & Forage Countries, 2011			      27
	7	Leading Soybean Harvesting Countries, 2011			      28
	8	World Agricultural Equipment Pricing Patterns, 2001-2021	      36

		SECTION III -- WORLD SUPPLY & DEMAND
	1	World Agricultural Equipment Demand by Region,
		   2001-2021							      46
	2	Additional Agricultural Equipment Demand
		   from 2011 to 2016 by Region					      46
	3	World Agricultural Machinery Demand Projected 2011-2016 Annual Rate of Growth								      47
	4	World Agricultural Equipment Shipments by Region,
		   2001-2021							      51
	5	World Agricultural Equipment Demand by Type, 2011		      55
	6	World Farm Tractor Demand by Region, 2001-2021			      58

		SECTION IV -- NORTH AMERICA
	1	North America Agricultural Equipment Demand by Country,
		   2001-2021							      75
	2	North America Agricultural Equipment Demand by Type,
		   2011								      75

		SECTION V -- WESTERN EUROPE
	1	Western Europe Agricultural Equipment Demand by Country,
		   2001-2021							      98
	2	Western Europe Agricultural Equipment Demand by Type,
		   2011								      98

		SECTION VI -- ASIA/PACIFIC
	1	Asia/Pacific Agricultural Equipment Demand by Country,
		   2001-2021							     146
	2	Asia/Pacific Agricultural Equipment Demand by Type,
		   2011								     146

		SECTION VII -- OTHER REGIONS
	1	Central & South America Agricultural Equipment Demand
		   by Type, 2011						     193
	2	Eastern Europe Agricultural Equipment Demand by Type,
		   2011								     208
	3	Africa/Mideast Agricultural Equipment Demand by Type,
		   2011								     224

		SECTION VIII -- INDUSTRY STRUCTURE
	1	World Agricultural Equipment Market Share by Company,
		    2011							     240