The market for agricultural machinery can be segmented based on farm
size. Farmers having large-size holding prefer using agricultural
equipment which has more horsepower and can be used in large scale
farm operation.This research report analyzes this market on the basis
of its market segments, major geographies, and current market trends.
The demand for food
supply is continuously increasing due to growing world population.
Hence, various economies are focusing on increasing their capability
to produce more food through using modern agricultural machinery.
Farmers are trying to yield maximum amount of crops through using
advanced farming techniques such as precession and integrated
farming. Use of advanced agricultural machinery is an important
factor for these types of farming techniques. Hence, farmers are
focusing on using agricultural machinery to increase farm yield from
limited land resource. Agriculture machinery helps in effective
utilization of resources such as land and labor. Moreover, use of
agricultural machinery helps in reducing manual labor for farming
activities. Farmers use agriculture equipment for tillage, sowing,
plant protection and threshing. The demand for dairy products in
recent years has also increased demand for dairy farming. Dairy
farmers are preferring automated feeding and milking equipment to
fulfill demand and save time in dairy farming sector.
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Research Report of Agricultural Machinery Manufacturing Market :
The market for
agricultural machinery can be segmented based on farm size. Farmers
having large-size holding prefer using agricultural equipment which
has more horsepower and can be used in large scale farm operation. On
the other hand, farmers having small-size holding prefer using
agricultural equipment having less horsepower. Thus, the cost of
agricultural equipment mostly depends upon the power of the
equipment. Currently, farmers with small holding have started using
modern agricultural equipment to optimize their resources and save
considerable cost and time.
Agricultural
machinery market can be segmented depending upon farming operations
such as farm tractors, harvesting machinery, fertilizing and planting
machinery, cultivating and plowing machinery, threshing machinery and
dairy equipment. Among these segments, the demand for farm tractors
is going to increase in coming years. Farm tractors are largely used
by small and large farmers for performing different type of
agriculture operations. Through joining different attachments, a farm
tractor can be used for tillage, seeding and transportation purpose.
Thus, the market demand for tractor parts and attachments is also
going to grow in coming years.
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The demand for
agricultural equipment is mainly driven by the projection of crop
production in next season or year. Thus, the demand for agricultural
machinery can vary from year to year. Hence, most of the governments
provide subsidy to farmers for buying agricultural machinery or
equipment. This factor will help agricultural machinery market to
grow in coming years.
Agriculture
machinery manufacturers mostly prefer selling low power farm
equipment such as tractors, harvesters to developing economies which
have lower purchasing power. Farmers in these economies often rent
large agricultural equipment for their farming operations. Hence, the
demand for large agricultural equipment in developing economies is
going to increase at a slow rate in coming years. In developed
countries, agricultural machinery manufacturers mostly sell high
power farming equipment as most of farmers own large farm land.
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Most of the
agricultural machinery market in developing economies is dominated by
regional players who focus on providing small and low power
agriculture equipment to farmers. This can be a major challenge for
large agricultural machinery manufacturers for expanding their market
in developing economies in coming years. The market for agriculture
machinery will continue to increase in developed economies such as
North America and Europe due to large farm land and limited
availability of labor. The growing demand of food supplies in
countries such as China and India will increase the demand for low
power agriculture machinery in coming years.
Some of the key
agricultural machinery manufacturers operating at a global level are
Deere & Company, CNH Global NV, AGCO Corporation, Kubota
Corporation, CLAAS KGaA mbH, Yanmar Co. Ltd, Escorts Group, Mahindra
& Mahindra Ltd, Tractors & Farm Equipment (TAFE) Ltd and
Caterpillar Inc.
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