World Agricultural Equipment

Demand growth in developing nations will result from greater pressure on their farming sectors to be more efficient and productive, resulting in machinery sales gains.

Global demand to reach $175 billion in 2016

World demand for agricultural equipment is expected to grow 6.8 percent per year through 2016 to $175 billion. Growth will be driven primarily by sales gains in rapidly developing nations -- particularly China, Brazil, and India -- as these countries continue to mechanize their agricultural sectors. Population expansion and strong economic growth in these nations -- and in other developing nations -- will put increasing pressure on their farm sectors to become more efficient and productive, resulting in growth in machinery sales.

Agricultural machinery demand in the Asia/Pacific region was more than twice that of any other region in 2011. China and India will be the primary nations fueling future market advances in the region, although other smaller markets, including Thailand and Indonesia, will also expand rapidly. Central and South America will post strong sales gains as well, powered by growth in Brazil and other countries with large, increasingly mechanized agricultural sectors, such as Argentina.

Sales in industrialized countries to moderate

Throughout the industrialized world, sales of farm equipment will be determined largely by demand for replacement machinery. North America and Western Europe will both record belowaverage growth through 2016. Demand in these regions will be driven by technological advances, as the efficiency gains afforded by new, technologically sophisticated equipment will make it economically feasible for farmers to replace their machinery more frequently. However, many farmers in developed regions delayed replacing their older machinery during the 2008-2010 economic crisis, avoiding major purchases of new machinery because of an uncertain economic environment. As a result, 2011 saw the beginning of a spike in demand for agricultural machinery, as better economic conditions prompted farmers to finally replace older machines. Since an average replacement cycle is generally eight to nine years, high demand in 2011 will mean many farmers will not be looking to replace machinery in 2016, constraining agricultural equipment demand.

Plowing, cultivating machinery to grow fastest

Farm tractors accounted for the largest share of product sales in 2011, representing 30 percent of all agricultural machinery sales. Plowing and cultivating machinery is expected to be the fastest growing product type through 2016, expanding 9.1 percent per year to $10.7 billion as farmers in developing nations purchase larger and more complex tilling equipment to increase the productivity of their land. Aftermarket parts and attachments demand is projected to increase at the slowest rate, climbing 5.5 percent per year to $27.8 billion in 2016 as the durability of new machinery continues to improve, thus limiting repair and maintenance spending.

Study Scope

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.

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Purchase World Agricultural Equipment by the Section

  1. World Agricultural Equipment

    $6,100.00

    1. 1 INTRODUCTION

      $228.00

    2. 2 EXECUTIVE SUMMARY

      $151.00

      1. Table | AGRICULTURAL EQUIPMENT DEMAND (billion dollars)

    3. 3 MARKET ENVIRONMENT

      $1,603.00

      1. 3.1 General

        $82.00

      2. 3.2 Global Macroeconomic Environment

        $326.00

        1. 3.2.1 Recent Historical Trends

          $92.00

        2. 3.2.2 World Economic Outlook

          $210.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)

      3. 3.3 World Demographic Overview

        $149.00

        1. 3.3.1 Population

          $82.00

          1. Table | WORLD POPULATION BY REGION (million persons)

        2. 3.3.2 Nonurban Population

          $82.00

          1. Table | WORLD NONURBAN POPULATION BY REGION (million persons)

      4. 3.4 World Arable Land

        $109.00

        1. Table | WORLD ARABLE LAND BY COUNTRY, 2011 (million hectares)

      5. 3.5 World Agricultural Outlook

        $95.00

        1. Table | WORLD AGRICULTURAL VALUE ADDED BY REGION (billion 2010 dollars)

      6. 3.6 World Agricultural Land Usage

        $289.00

        1. Table | WORLD AGRICULTURAL LAND USAGE BY REGION & CROP (million hectares)

        2. 3.6.1 Wheat

          $82.00

        3. 3.6.2 Corn

          $82.00

        4. 3.6.3 Rice

          $82.00

        5. 3.6.4 Pasture & Forage

          $82.00

        6. 3.6.5 Soybeans

          $82.00

        7. 3.6.6 Other Crops

          $82.00

      7. 3.7 Labor Force Productivity in Agriculture

        $93.00

        1. Table | LABOR FORCE PRODUCTIVITY IN AGRICULTURE FOR SELECTED COUNTRIES, 2011

      8. 3.8 Legal & Regulatory Environment

        $133.00

      9. 3.9 Pricing Patterns

        $117.00

        1. Table | WORLD AGRICULTURAL EQUIPMENT PRICING PATTERNS (2010=100)

      10. 3.10 Technology Trends

        $188.00

      11. 3.11 Used & Rebuilt Equipment

        $82.00

    4. 4 WORLD SUPPLY & DEMAND

      $1,092.00

      1. 4.1 General

        $82.00

      2. 4.2 Regional Overview

        $378.00

        1. 4.2.1 Demand

          $143.00

          1. Table | WORLD AGRICULTURAL EQUIPMENT DEMAND BY REGION (million dollars)

        2. 4.2.2 Production

          $114.00

          1. Table | WORLD AGRICULTURAL EQUIPMENT SHIPMENTS BY REGION (million dollars)

        3. 4.2.3 International Trade

          $89.00

          1. Table | WORLD AGRICULTURAL EQUIPMENT NET EXPORTS BY REGION (million dollars)

      3. 4.3 Demand by Type

        $659.00

        1. Table | WORLD AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        2. 4.3.1 Farm Tractors

          $116.00

          1. Table | WORLD FARM TRACTOR DEMAND BY REGION (million dollars)

        3. 4.3.2 Harvesting Machinery

          $92.00

          1. Table | WORLD HARVESTING MACHINERY DEMAND BY REGION (million dollars)

        4. 4.3.3 Planting & Fertilizing Machinery

          $82.00

          1. Table | WORLD PLANTING & FERTILIZING MACHINERY DEMAND BY REGION (million dollars)

        5. 4.3.4 Haying Machinery

          $90.00

          1. Table | WORLD HAYING MACHINERY DEMAND BY REGION (million dollars)

        6. 4.3.5 Plowing & Cultivating Machinery

          $82.00

          1. Table | WORLD PLOWING & CULTIVATING MACHINERY DEMAND BY REGION (million dollars)

        7. 4.3.6 Other Agricultural Equipment

          $83.00

          1. Table | WORLD DEMAND FOR OTHER AGRICULTURAL EQUIPMENT BY REGION (million dollars)

        8. 4.3.7 Parts & Attachments

          $82.00

          1. Table | WORLD AGRICULTURAL EQUIPMENT PARTS & ATTACHMENTS DEMAND BY REGION (million dollars)

    5. 5 NORTH AMERICA

      $1,005.00

      1. 5.1 North America: General

        $82.00

      2. 5.2 North America: Agricultural Equipment Supply & Demand

        $111.00

        1. Table | NORTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 5.3 North America: Agricultural Equipment Outlook

        $82.00

        1. Table | NORTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      4. 5.4 United States

        $282.00

        1. Table | UNITED STATES: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED STATES: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      5. 5.5 Canada

        $233.00

        1. Table | CANADA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million US dollars)

        2. Table | CANADA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million US dollars)

      6. 5.6 Mexico

        $232.00

        1. Table | MEXICO: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | MEXICO: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

    6. 6 WESTERN EUROPE

      $2,088.00

      1. 6.1 Western Europe: General

        $82.00

      2. 6.2 Western Europe: Agricultural Equipment Supply & Demand

        $139.00

        1. Table | WESTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 6.3 Western Europe: Agricultural Equipment Outlook

        $82.00

        1. Table | WESTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      4. 6.4 Germany

        $223.00

        1. Table | GERMANY: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | GERMANY: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      5. 6.5 France

        $255.00

        1. Table | FRANCE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | FRANCE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      6. 6.6 Italy

        $239.00

        1. Table | ITALY: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | ITALY: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      7. 6.7 United Kingdom

        $223.00

        1. Table | UNITED KINGDOM: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | UNITED KINGDOM: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      8. 6.8 The Netherlands

        $210.00

        1. Table | NETHERLANDS: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | NETHERLANDS: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      9. 6.9 Austria

        $215.00

        1. Table | AUSTRIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | AUSTRIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      10. 6.10 Spain

        $233.00

        1. Table | SPAIN: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | SPAIN: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      11. 6.11 Other Western Europe

        $223.00

        1. Table | OTHER WESTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER WESTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

    7. 7 ASIA/PACIFIC

      $2,099.00

      1. 7.1 Asia/Pacific: General

        $83.00

      2. 7.2 Asia/Pacific: Agricultural Equipment Supply & Demand

        $136.00

        1. Table | ASIA/PACIFIC: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

      3. 7.3 Asia/Pacific: Agricultural Equipment Outlook

        $82.00

        1. Table | ASIA/PACIFIC: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      4. 7.4 China

        $275.00

        1. Table | CHINA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | CHINA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      5. 7.5 India

        $229.00

        1. Table | INDIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | INDIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      6. 7.6 Japan

        $240.00

        1. Table | JAPAN: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | JAPAN: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      7. 7.7 South Korea

        $226.00

        1. Table | SOUTH KOREA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | SOUTH KOREA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      8. 7.8 Australia

        $206.00

        1. Table | AUSTRALIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million US dollars)

        2. Table | AUSTRALIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million US dollars)

      9. 7.9 Thailand

        $213.00

        1. Table | THAILAND: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | THAILAND: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      10. 7.10 Indonesia

        $213.00

        1. Table | INDONESIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | INDONESIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      11. 7.11 Other Asia/Pacific

        $220.00

        1. Table | OTHER ASIA/PACIFIC: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        2. Table | OTHER ASIA/PACIFIC: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

    8. 8 OTHER REGIONS

      $2,031.00

      1. 8.1 Central & South America

        $668.00

        1. 8.1.1 Central & South America: General

          $82.00

        2. 8.1.2 Central & South America: Agricultural Equipment Supply & Demand

          $109.00

          1. Table | CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        3. 8.1.3 Central & South America: Agricultural Equipment Outlook

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        4. 8.1.4 Brazil

          $209.00

          1. Table | BRAZIL: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | BRAZIL: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        5. 8.1.5 Other Central & South America

          $224.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER CENTRAL & SOUTH AMERICA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      2. 8.2 Eastern Europe

        $649.00

        1. 8.2.1 Eastern Europe: General

          $82.00

        2. 8.2.2 Eastern Europe: Agricultural Equipment Supply & Demand

          $89.00

          1. Table | EASTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        3. 8.2.3 Eastern Europe: Agricultural Equipment Outlook

          $82.00

          1. Table | EASTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        4. 8.2.4 Russia

          $208.00

          1. Table | RUSSIA: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | RUSSIA: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        5. 8.2.5 Other Eastern Europe

          $225.00

          1. Table | OTHER EASTERN EUROPE: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | OTHER EASTERN EUROPE: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

      3. 8.3 Africa/Mideast

        $714.00

        1. 8.3.1 Africa/Mideast: General

          $82.00

        2. 8.3.2 Africa/Mideast: Agricultural Equipment Supply & Demand

          $119.00

          1. Table | AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

        3. 8.3.3 Africa/Mideast: Agricultural Equipment Outlook

          $82.00

          1. Table | AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        4. 8.3.4 Turkey

          $226.00

          1. Table | TURKEY: AGRICULTURAL EQUIPMENT SUPPLY & DEMAND (million dollars)

          2. Table | TURKEY: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

        5. 8.3.5 Other Africa/Mideast

          $225.00

          1. Table | OTHER AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT SUPPLY & DEMAN (million dollars)

          2. Table | OTHER AFRICA/MIDEAST: AGRICULTURAL EQUIPMENT DEMAND BY TYPE (million dollars)

    9. 9 INDUSTRY STRUCTURE

      $6,138.00

      1. 9.1 General

        $82.00

      2. 9.2 Industry Composition

        $86.00

        1. Table | WORLD AGRICULTURAL EQUIPMENT SALES BY COMPANY, 2011 (million dollars)

      3. 9.3 Market Share

        $243.00

      4. 9.4 Product Development & Manufacturing

        $104.00

      5. 9.5 Marketing & Distribution

        $96.00

      6. 9.6 Cooperative Agreements

        $260.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      7. 9.7 Financial Requirements

        $82.00

      8. 9.8 Mergers & Acquisitions

        $82.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 9.9 Company Profiles

        $5,365.00

        1. 9.9.1 AGCO Corporation

          $400.00

        2. 9.9.2 Alamo Group Incorporated

          $280.00

        3. 9.9.3 AMAZONEN-Werke H. Dreyer GmbH & Company KG

          $96.00

        4. 9.9.4 ARGO SpA

          $85.00

        5. 9.9.5 Bucher Industries AG

          $277.00

        6. 9.9.6 Caterpillar Incorporated

          $214.00

        7. 9.9.7 Changzhou Dongfeng Agricultural Machinery Group Company Limited

          $82.00

        8. 9.9.8 China National Machinery Industry Corporation

          $147.00

        9. 9.9.9 CLAAS KGaA mbH

          $284.00

        10. 9.9.10 Daedong Industrial Company Limited

          $127.00

        11. 9.9.11 Deere & Company

          $430.00

        12. 9.9.12 Escorts Limited

          $106.00

        13. 9.9.13 Fiat Industrial SpA

          $463.00

        14. 9.9.14 Foton Lovol International Heavy Industries Company Limited

          $82.00

        15. 9.9.15 Groupe Exel Industries

          $190.00

        16. 9.9.16 Iseki & Company Limited

          $165.00

        17. 9.9.17 Kubota Corporation

          $345.00

        18. 9.9.18 Kukje Machinery Company Limited

          $97.00

        19. 9.9.19 Mahindra & Mahindra Limited

          $189.00

        20. 9.9.20 Netafim Limited

          $172.00

        21. 9.9.21 Same Deutz-Fahr SpA

          $272.00

        22. 9.9.22 Shandong Shifeng Group Company Limited

          $82.00

        23. 9.9.23 Tetra Laval International SA

          $93.00

        24. 9.9.24 Tractors and Farm Equipment Limited

          $108.00

        25. 9.9.25 Valmont Industries Incorporated

          $92.00

        26. 9.9.26 WORLD Group

          $82.00

        27. 9.9.27 Yamabiko Corporation

          $84.00

        28. 9.9.28 Yanmar Company Limited

          $251.00

        29. 9.9.29 ZETOR TRACTORS as

          $95.00

      10. 9.10 Additional Companies Mentioned in the Study

        $446.00

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