Global demand for agricultural equipment will rise 6.9 percent yearly through 2018 to $208 billion. China will be the fastest growing market, followed by Turkey, Brazil, Thailand, India and South Africa. Tractors will remain the largest equipment segment, while harvesting machinery will exhibit the most rapid growth in demand.This study analyzes the $149 billion world agricultural equipment industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 by machinery type (e.g., farm tractors, harvesting, planting and fertilizing, haying, livestock, plowing and cultivating), world region and for 28 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 29 industry players, including Deere, CNH Industrial and AGCO.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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