Global demand for agricultural equipment will rise 4.5 percent per year through 2014, paced by the accelerating mechanization of the farm sectors in developing countries. Replacement demand will define the industrialized world, led by "precision agriculture" equipment that uses GPS and wireless sensors. This study analyzes the $99.2 billion world agricultural equipment industry. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by type (e.g., farm tractors, harvesting machinery, planting and fertilizing machinery, haying machinery, plowing and cultivating machinery), world region and for 26 countries. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 28 industry participants, including Deere, CNH Global and AGCO.