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.