Global demand for agricultural equipment will rise 3.8 percent annually through 2012, paced by the accelerating mechanization of farming in large markets such as China and India. In industrialized areas, replacement demand will be aided by higher value “precision agriculture” equipment with GPS and wireless sensors.
This study analyzes the $93.2 billion world agricultural equipment industry. It presents historical demand data (1997, 2002, 2007) and forecasts for 2012 and 2017 by type (e.g., 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 26 industry competitors, including Deere, CNH Global, ACGO, Kubota, CLAAS and Yanmar.