Farm
equipment is any kind of machinery used to help in farming. The best-known
example of this kind is the tractor. They cover a broad range of machines and
tools which help the farmers to carry out the various processes required to
enhance the output as well as the quality of crops. Based on their
characteristics, agricultural equipment can be divided into two types:
farmstead equipment and field equipment.
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Engineering
inputs to agriculture by way of mechanization has increased considerably during
the recent years so as to meet the timeliness of farm operations, reducing
drudgery, capacity enhancement and efficient utilization of inputs. With the
implementation of agricultural support policies, growth in farmer’s income and
the changes in agricultural production methods, global farm equipment industry
is scaling new heights and promises healthy development in coming years.
Europe is
the unprecedented leader in farm equipment market. While 2014 marked the fall
in share of European markets, Asian Pacific presents a huge market opportunity
for this industry on the back of ameliorated economic conditions and better funds
for investment in R&D of agriculture machinery. India and China constitute
the largest markets for agricultural equipment in terms of unit sales, although
typical equipment tends to be in the form of smaller horsepower, low-technology
tractors with relatively low unit prices. These emerging economies have
incessantly increased their production volumes and will continue to be the
major drivers of the industry.
Growth in
the global market for agricultural equipment is dependent on varied factors
including economic scenario, weather and demand. Population growth is expected
to fuel demand for agriculture produce, which in turn would lead to increase in
demand for farm equipment. Increase in arable land to fulfill the growing needs
of urban and rural population is another factor encouraging the growth of the
industry. Further, governments in these countries are increasingly placing
greater emphasis on enhancing productivity through automation or mechanizing
traditional processes, extending easy credits and subsidies on investments to
promote growth of the industry. However, these factors are dominated by
presence of already existing machinery and inventory with the supplier, thereby
reducing the demand for new farm equipments in 2014.
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The
report ”Global Farm Equipment Market” analyzes the development of the
agricultural machinery industry and studies the global market along with major
regional markets`- US, Canada, Brazil, Germany, United Kingdom, Turkey, China
and India. The major trends, growth drivers as well as issues being faced by
the industry are being presented in this report. The three major players in the
industry, John Deere, AGCO Corporation, and CNH Global NV Inc. are being
profiled, along with their key financials and strategies for growth.
By combining
SPSS Inc.’s data integration and analysis capabilities with our relevant
findings, we have predicted the future growth of the industry. We employed
various significant variables that have an impact on this industry and created
regression models with SPSS Base to determine the future direction of the
industry. Before deploying the regression model, the relationship between
several independent or predictor variables and the dependent variable was
analyzed using standard SPSS output, including charts, tables and tests.
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Some points from TOC:
1. Farm
Equipments Overview
1.1 Farm Equipments Classification
1.2 Categories of Equipment in Agriculture Value Chain
1.3 Distribution System
1.1 Farm Equipments Classification
1.2 Categories of Equipment in Agriculture Value Chain
1.3 Distribution System
2. Global
Market Analysis
2.1 Agriculture Machinery
-Market Value
-Regional Breakdown
-Import/Export Share by Region
2.2 Tractor Market
-Market Volume
-Regional Breakdown
-Import/Export Share by Region
2.1 Agriculture Machinery
-Market Value
-Regional Breakdown
-Import/Export Share by Region
2.2 Tractor Market
-Market Volume
-Regional Breakdown
-Import/Export Share by Region
3.
Regional Market Analysis
3.1 The Americas
-Market Value
-Tractor/Combines Sales
3.3.1 The US
-Tractor/Combines Sales
-Export Value
3.1.2 Canada
-Tractor/Combines Sales
3.1 The Americas
-Market Value
-Tractor/Combines Sales
3.3.1 The US
-Tractor/Combines Sales
-Export Value
3.1.2 Canada
-Tractor/Combines Sales
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